October 15, 2025
RA Jainee
Mirae Asset Multi Asset Allocation Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 12.9750
NAV IDCW: Rs 12.9740
Suitable For Which Investors?
Multi Asset Allocation funds are suitable for investors:
1. Looking to invest in a portfolio of equity, debt and commodity for moderate returns
2. Who prefer to let fund manager decide how much to invest in equity, debt and commodity
3. Aiming for long term wealth creation
4. With a 5-8 year investment horizon
5. Who are new/unfamiliar with market’s ups and downs
Note:
• Invest only through SIP
Fund’s Investment Strategy:
The scheme seeks to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity 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.
3) Ritesh Patel
Education: Mr. Ghosh is a Commerce Graduate and holds a Degree in CS and LLB.
Experience: Prior to joining Mirae asset MF, he was Assistant Company Secretary with JM Financial Asset Management Pvt. Ltd. He has also been associated with organizations like Hindustan Composites Ltd, Tower Capital & Securities Pvt. Ltd and Multi-Arc India Ltd.
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 Multi Asset Allocation Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 31-Jan-24 |
| Return Since Launch | 16.63% |
| Benchmark | NIFTY 500 TRI (65), NIFTY Short Duration Index (25), Domestic Price of Gold (8), Domestic Price of Silver (3) |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 2,371 Cr |
| (As on 30-Sep-2025) | |
| Expense | 0.43% |
| (As on 30-Sep-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | 274.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Multi Asset Allocation Dir | 14.17 | 0.07 | 2.93 | 4.09 | 15.21 | 12.88 | — | — | — | — |
| VR Multi Asset TRI | 9.42 | 0.66 | 2.42 | 2.16 | 13.96 | 5.91 | — | — | — | — |
| Hybrid: Multi Asset Allocation | 12.77 | 0.01 | 3.18 | 4.77 | 15.49 | 10.79 | — | — | — | — |
| Rank within category | 13 | 23 | 26 | 26 | 21 | 8 | — | — | — | — |
| Number of funds in category | 37 | 45 | 44 | 40 | 38 | 35 | 18 | 12 | 7 | 4 |
Peer Comparison of Mirae Asset Multi Asset Allocation 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 Multi Asset Allocation Dir | Unrated | 12.88 | — | — | 0.43 | 2,371 | 16.63 | 1.00 (180) | 1Y 8M | 274.00 |
| ICICI Pru Multi Asset Dir | 5 star | 11.45 | 21.13 | 25.84 | 0.68 | 68,000 | 16.97 | 1.00 (365) | 12Y 9M | 25.00 |
| SBI Multi Asset Allocation Dir | 4 star | 11.94 | 18.33 | 16.35 | 0.60 | 10,484 | 12.64 | 1.00 (365) | 12Y 9M | — |
| UTI Multi Asset Allocation Dir | 4 star | 5.86 | 20.93 | 16.90 | 0.59 | 6,106 | 10.51 | 1.00 (30) | 12Y 9M | 245.00 |
| HDFC Multi Asset Dir | 4 star | 9.63 | 16.58 | 16.61 | 0.77 | 4,930 | 12.12 | 1.00 (365) | 12Y 9M | 18.90 |
Portfolio Analysis of Mirae Asset Multi Asset Allocation Fund
| No. of Stocks | 119 |
| Top 10 Holdings | 38.09% |
| Top 5 Stocks | 26.82% |
| Top 3 Sectors | 27.82% |
| Portfolio P/B Ratio | 3.13 |
| Portfolio P/E Ratio | 20.66 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,28,287 | 2,42,991 |
| Giant (%) | 66.51 | 60.79 |
| Large (%) | 14.19 | 18.65 |
| Mid (%) | 15.74 | 15.71 |
| Small (%) | 3.57 | 5.76 |
| Tiny (%) | — | 0.02 |
| Fund | Category | |
| Number of Securities | 199 | 76 |
| Macaulay Duration (yrs) | 2.71 | 3.01 |
| Average Maturity (yrs) | 3.36 | 5.01 |
| Yield to Maturity (%) | 5.99 | 6.56 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Multi Asset Allocation Fund
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Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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