October 18, 2021
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Mirae Asset Hybrid Equity Fund Analysis
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.
The fund has been managed by Harshad Borawake since April 2020. This scheme has NAV of Rs. 25.1520 for the growth option and Rs. 19.8590 for the IDCW option.The fund manager charges 0.39 % for his expenses.
Minimum investment is Rs. 5000 and minimum additional investment is Rs. 1000. SIP option is also available in this fund. Minimum investment in SIP option is Rs. 1000.
Exit load is 1% for redemption within 365 days.
This fund can be compared to ICICI Prudential Equity & Debt Fund, DSP Equity & Bond Fund, Canara Robeco Equity Hybrid Fund etc.Top debt holdings include 5.63% GOI 2026, 6.18% GOI 2024, 6.64% GOI 16/06/2035, 7.10% Muthoot Finance
Analysis Date : 18 October 2021