September 14, 2022
mayank
Mirae Asset Hybrid Equity Fund
NAV Growth : Rs 25.3800
NAV IDCW : Rs 18.4570
Suitable For Which Investors ?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.
Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to sharp ups and downs.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy :
The Scheme seeks to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt and money market instruments.
Fund Manager :
1) Harshad Borawake
Education : Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience : Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst – Equity.
2) Vrijesh Kasera
Education : Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Experience : Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
3) Mahendra Kumar Jajoo
Education : Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience : Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) : | — |
| Lock-in Period : | NA |
| Exit Load : | For units in excess of 15% of the investment, 1% will be charged for redemption within 365 days |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 29-Jul-15 |
| Return Since Launch : | 13.95% |
| Benchmark : | CRISIL Hybrid 35+65 Aggressive Index |
| Riskometer : | Very High |
| Type : | Open-ended |
| Assets : | Rs 7,053 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.41% |
| (As on 31-Jul-2022) | |
| Risk Grade : | Below Average |
| Return Grade : | Above Average |
| Turnover : | 60.00% |
Mirae Asset Hybrid Equity Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Hybrid Eqt Dir | 3.45 | 0.45 | 2.01 | 12.6 | 8.04 | 4.65 | 17.49 | 12.91 | 14.89 | — |
| VR Balanced TRI | 4.94 | 0.68 | 2.08 | 13.54 | 8.74 | 5.25 | 16.92 | 12.55 | 12.93 | — |
| Hybrid: Aggressive Hybrid | 3.65 | 0.44 | 2.97 | 13.55 | 8.56 | 5.6 | 17.51 | 11.45 | 12.61 | — |
| Rank within category | 25 | 24 | 45 | 37 | 30 | 24 | 16 | 8 | 3 | — |
| Number of funds in category | 47 | 47 | 47 | 47 | 47 | 47 | 43 | 31 | 25 | 0 |
Mirae Asset Hybrid Equity Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) |
| Mirae Asset Hybrid Eqt Dir | 4 star | 4.65 | 17.49 | 12.91 | 0.41 | 7,053 | 13.95 | 1.00 (365) | 7yrs 1mo | 60.00 |
| SBI Eqt Hybrid Dir | 4 star | 5.28 | 16.56 | 12.74 | 0.83 | 55,268 | 15.32 | 1.00 (365) | 9yrs 8mo | 252.00 |
| ICICI Pru Eqt & Debt Dir | 5 star | 16.62 | 22.77 | 15.09 | 1.24 | 20,360 | 16.97 | 1.00 (365) | 9yrs 8mo | 44.00 |
| Canara Robeco Eqt Hybrid Dir | 4 star | 3.67 | 19.11 | 13.28 | 0.59 | 8,307 | 14.88 | 1.00 (365) | 9yrs 8mo | 33.00 |
| HDFC Children’s Gift Dir | 4 star | 8.4 | 19.63 | 13.41 | 1.04 | 5,793 | 15.93 | — | 9yrs 8mo | 6.26 |
Portfolio Analysis
| No. of Stocks : | 70 |
| Top 10 Holdings % : | 34.78 |
| Top 5 Stocks % : | 22.68 |
| Top 3 Sectors % : | 39.09 |
| Portfolio P/B Ratio : | 3.19 |
| Portfolio P/E Ratio : | 21.81 |
| Avg Credit Rating : | AAA |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,57,651 | 1,58,020 |
| Giant (%) | 55.47 | 55.84 |
| Large (%) | 16.57 | 16.34 |
| Mid (%) | 20.10 | 21.76 |
| Small (%) | 7.86 | 7.57 |
| Tiny (%) | — | 0.10 |
Mirae Asset Hybrid Equity Fund by Chanakya :
Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.
Apply Online :
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