October 11, 2025
RA Jainee
Mirae Asset Balanced Advantage Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 14.8510
NAV IDCW: Rs 14.8420
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that 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.
Dynamic Asset Allocation or Balanced Advantage funds invest your money in equity shares and bonds though their proportions are not fixed. The fund management team may increase of decrease the allocation to equity shares depending upon their market outlook.
These funds tend to fall less than pure equity funds when the stock markets decline because of their debt allocation. This makes them suitable for conservative equity investors.
Like for all equity-linked investments, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
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) 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) | 99 |
| 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 180 days |
Basic Details of Mirae Asset Balanced Advantage Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 11-Aug-22 |
| Return Since Launch | 13.31% |
| Benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,881 Cr |
| (As on 31-Aug-2025) | |
| Expense | 0.74% |
| (As on 30-Sep-2025) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 273.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Balanced Advantage Dir | 7.03 | 0.23 | 1.14 | 0.32 | 9.84 | 5.57 | 14.16 | — | — | — |
| VR Dynamic Asset TRI | 4.62 | -0.30 | 1.09 | -0.85 | 10.39 | 1.24 | 13.30 | — | — | — |
| Hybrid: Dynamic Asset Allocation | 4.49 | 0.31 | 0.93 | 0.06 | 9.34 | 2.72 | 13.55 | — | — | — |
| Rank within category | 4 | 31 | 13 | 13 | 18 | 5 | 11 | — | — | — |
| Number of funds in category | 37 | 40 | 39 | 38 | 38 | 37 | 29 | 22 | 17 | 10 |
Peer Comparison of Mirae Asset Balanced Advantage Fund
| 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 Balanced Advantage Dir | 4 star | 5.57 | 14.16 | — | 0.74 | 1,881 | 13.31 | 1.00 (180) | 3Y 1M | 273.00 |
| HDFC Balanced Advantage Dir | 5 star | 3.54 | 19.94 | 24.77 | 0.74 | 1,03,041 | 15.56 | 1.00 (365) | 12Y 9M | 20.97 |
| ICICI Pru Balanced Advantage Dir | 4 star | 7.35 | 14.11 | 14.94 | 0.86 | 66,751 | 13.16 | 1.00 (365) | 12Y 9M | 32.00 |
| SBI Balanced Advantage Dir | 5 star | 5.13 | 14.99 | — | 0.74 | 37,457 | 12.34 | 1.00 (365) | 4Y 1M | 22.00 |
| Kotak Balanced Advantage Dir | 4 star | 4.34 | 13.38 | 13.02 | 0.56 | 17,339 | 11.93 | 1.00 (180) | 7Y 2M | 223.12 |
Portfolio Analysis of Mirae Asset Balanced Advantage Fund
| No. of Stocks | 107 |
| Top 10 Holdings | 30.87% |
| Top 5 Stocks | 18.96% |
| Top 3 Sectors | 29.61% |
| Portfolio P/B Ratio | 2.93 |
| Portfolio P/E Ratio | 19.99 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,32,171 | 2,46,385 |
| Giant (%) | 66.35 | 63.52 |
| Large (%) | 13.32 | 19.34 |
| Mid (%) | 17.06 | 13.32 |
| Small (%) | 3.27 | 4.11 |
| Tiny (%) | — | 0.27 |
| Fund | Category | |
| Number of Securities | 175 | 105 |
| Macaulay Duration (yrs) | 3.09 | 3.43 |
| Average Maturity (yrs) | 4.21 | 5.74 |
| Yield to Maturity (%) | 6.18 | 6.63 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Balanced Advantage Fund
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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