September 13, 2022
mayank
Mirae Asset Balanced Advantage Fund
NAV Growth : Rs 10.1260
NAV IDCW : Rs 10.1260
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) : | 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 : | 11-Aug-22 |
| Return Since Launch : | 1.26% |
| Benchmark : | NIFTY 50 Hybrid Composite debt 50:50 Index |
| Riskometer : | Moderately High |
| Type : | Open-ended |
| Assets : | ₹794 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | –% |
| (As on ) | |
| Risk Grade : | — |
| Return Grade : | — |
| Turnover : | — |
Mirae Asset Balanced Advantage Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Balanced Advtg Dir | — | 0.3 | 1.07 | — | — | — | — | — | — | — |
| VR Balanced TRI | — | 0.51 | 1.39 | — | — | — | — | — | — | — |
| Hybrid: Dynamic Asset Allocation | — | 0.4 | 1.97 | — | — | — | — | — | — | — |
| Rank within category | — | 22 | 28 | — | — | — | — | — | — | — |
| Number of funds in category | 28 | 31 | 30 | 29 | 29 | 26 | 22 | 14 | 11 | 0 |
Mirae Asset Balanced Advantage 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 | Turn over (%) |
| Mirae Asset Balanced Advtg Dir | Unrated | — | — | — | — | 794 | 1.26 | 1.00 (365) | 0yrs 1mo | — |
| ICICI Pru Balanced Advtg Dir | 4 star | 9.23 | 14.54 | 10.90 | 0.93 | 42,930 | 13.05 | 1.00 (365) | 9yrs 8mo | 24.00 |
| ICICI Pru Asset Allocator (FOF) Dir | 4 star | 7.90 | 15.07 | 11.80 | 0.07 | 17,342 | 12.07 | 1.00 (365) | 9yrs 8mo | 6.00 |
| Kotak Balanced Advtg Dir | 4 star | 5.64 | 13.80 | — | 0.49 | 14,587 | 11.64 | 1.00 (365) | 4yrs 1mo | 27.35 |
| Edelweiss Balanced Advtg Dir | 5 star | 4.25 | 18.29 | 12.53 | 0.47 | 8,733 | 12.73 | 1.00 (365) | 9yrs 8mo | 97.00 |
Portfolio Analysis
| No. of Stocks | 82 |
| Top 10 Holdings (%) : | 42.58 |
| Top 5 Stocks (%) : | 27.39 |
| Top 3 Sectors (%) : | 23.44 |
| Portfolio P/B Ratio : | 3.33 |
| Portfolio P/E Ratio : | 22.48 |
| Avg Credit Rating : | AAA |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,95,051 | 1,86,784 |
| Giant (%) | 59.82 | 55.50 |
| Large (%) | 22.62 | 23.55 |
| Mid (%) | 14.30 | 16.43 |
| Small (%) | 3.26 | 5.02 |
| Tiny (%) | — | 0.03 |
Mirae Asset Balanced Advantage Fund by Chanakya :
Do not invest in this, or any other balanced hybrid fund, if you need to redeem your investment in less than five years.
Apply Online :
Stock Research Reports :
https://www.analysislibrary.com/
NFO Guidance :
https://sahifund.com/category/nfos/
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