Mirae Asset Balanced Advantage Fund - Growth - Direct Plan

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₹13.256 0.17 %Nav, as on 04-03-2025
Previous Nav
₹ 13.233
Net Change on 04-03-2025
₹0.02
PersonalFN Rating
Unrated
Category
Hybrid - Dynamic Asset Allocation
Assets (Cr.)
₹ 1,750.90
Expense Ratio
0.68%
(As on Jan 31, 2025)

Fund Overview Growth | Direct Plan

Fund House
Mirae Asset Mutual Fund
Launch Date
11-Aug-2022
Benchmark
NIFTY 50 - TRI
Minimum Investment (₹)
5,000
Minimum Addl Investment (₹)
1,000
Exit Load (%)
1% on or before 6M (180D), Nil after 6M (180D)
Minimum SIP Investment (₹)
99
Minimum STP Investment (₹)
1,000
Minimum SWP Investment (₹)
1,000
52 Week Low Nav (₹)
12.39
52 Week Low Nav Date
19-Mar-2024
52 Week High Nav (₹)
14.30
52 Week High Nav Date
26-Sep-2024

Fund Objective

The investment objective of the scheme is to capitalize on the potential upside of equities whileattempting 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. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.

Fund Performance

Scheme Name	1-Month Return (%)	3-Month Return (%)	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Since Inception
NIFTY 50 - TRI	N/A	N/A	N/A	N/A	N/A	N/A
NIFTY 50 Hybrid Composite Debt 50:50 Index	N/A	N/A	N/A	N/A	N/A	N/A

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name	Launch Date	Ratings	1-Year Return (%)	3-Year Return (%)	5-Year Return (%)	Expense Ratio (%)	Assets (Cr.)
Edelweiss Balanced Advantage Fund -Direct Plan-Growth Option	Jan 21, 2013		2.67	11.19	14.82	0.52	12,238.46
UTI - Unit Linked Insurance Plan- Direct	Jan 01, 2013		8.37	7.63	9.48	0.99	5,351.45
DSP Dynamic Asset Allocation Fund - Direct Plan - Growth	Feb 06, 2014	Unrated	9.40	11.26	10.91	0.72	3,185.69
Sundaram Balanced Advantage Fund ( Formerly Known as Principal Balanced Advantage Fund) - Direct Plan - Growth Option	Jan 01, 2013	Unrated	3.36	10.96	10.96	0.70	1,495.91
Motilal Oswal Balanced Advantage Fund - Direct Plan - Growth Option	Sep 27, 2016		-10.76	6.65	6.63	0.99	1,011.12

Fund Holdings as on 31-January-2025

Company % Assets
HDFC Bank Limited
4.87
7.18% Government of India (14/08/2033)
4.34
7.38% Government of India (20/06/2027)
4.07
TREPS
3.85
ICICI Bank Limited
2.73
Bharti Airtel Limited
2.55
Infosys Limited
2.36
State Bank of India
2.34
Reliance Industries Limited
2.09
7.1% Government of India (08/04/2034)
2.01
Tata Consultancy Services Limited
1.71
Axis Bank Limited
1.70
Mahindra & Mahindra Limited
1.67
Larsen & Toubro Limited
1.62
7.8% HDFC Bank Limited (02/06/2025)
1.54
Coal India Limited
1.51
NTPC Limited
1.48
Net Receivables / (Payables)
1.47
7.68% Indian Railway Finance Corporation Limited (24/11/2026) **
1.43
6.54% Government of India (17/01/2032)
1.41
Kotak Mahindra Bank Limited
1.34
Ambuja Cements Limited
1.27
7.44% National Bank For Agriculture and Rural Development (24/02/2028)
1.20
Shriram Finance Limited
1.18
8.1% Bajaj Finance Limited (08/01/2027) **
1.15
Tata Motors Limited
1.06
Hindalco Industries Limited
1.03
7.55% Power Finance Corporation Limited (15/07/2026) **
1.03
TD Power Systems Limited
1.00
Aurobindo Pharma Limited
0.95
Bajaj Finance Limited
0.94
7.5% National Bank For Agriculture and Rural Development (31/08/2026)
0.85
TVS Motor Company Limited
0.84
ITC Limited
0.84
SBI Life Insurance Company Limited
0.82
7.64% National Bank For Agriculture and Rural Development (06/12/2029)
0.81
Power Finance Corporation Limited
0.78
Bharat Petroleum Corporation Limited
0.77
Multi Commodity Exchange of India Limited
0.76
Zomato Limited
0.76
Bharat Electronics Limited
0.76
Oil & Natural Gas Corporation Limited
0.75
Sun Pharmaceutical Industries Limited
0.72
Zensar Technologies Limited
0.70
Hindustan Unilever Limited
0.69
Brigade Enterprises Limited
0.69
Tata Steel Limited
0.68
Glenmark Pharmaceuticals Limited
0.68
Cipla Limited
0.63
Vedanta Limited
0.60
LTIMindtree Limited
0.60
LIC Housing Finance Limited
0.60
7.26% Government of India (06/02/2033)
0.59
International Gemmological Institute India Pvt Ltd
0.59
7.51% Small Industries Dev Bank of India (12/06/2028)
0.57
7.7% REC Limited (31/08/2026) **
0.57
7.34% Small Industries Dev Bank of India (26/02/2029)
0.57
7.13% Power Finance Corporation Limited (15/07/2026) **
0.57
6% HDFC Bank Limited (29/05/2026) **
0.56
Jindal Steel & Power Limited
0.55
6.85% Mahanagar Telephone Nigam Limited (20/12/2030) **
0.54
InterGlobe Aviation Limited
0.54
6.79% Government of India (07/10/2034)
0.52
7.59% REC Limited (31/05/2027) **
0.51
Titan Company Limited
0.48
Havells India Limited
0.48
JSW Steel Limited
0.48
Adani Ports and Special Economic Zone Limited
0.48
Varun Beverages Limited
0.47
Onesource Specialty Pharma Limited
0.47
Godrej Consumer Products Limited
0.47
Maruti Suzuki India Limited
0.47
Century Plyboards (India) Limited
0.46
Wipro Limited
0.45
6.24% State Bank of India (20/09/2030) **
0.45
Craftsman Automation Limited
0.45
Steel Authority of India Limited
0.44
7.85% Bajaj Housing Finance Limited (01/09/2028)
0.43
PI Industries Limited
0.42
HCL Technologies Limited
0.40
SRF Limited
0.39
Grasim Industries Limited
0.38
Mahanagar Gas Limited
0.38
HDFC Asset Management Company Limited
0.37
Torrent Pharmaceuticals Limited
0.37
GAIL (India) Limited
0.37
KFin Technologies Limited
0.36
Biocon Limited
0.36
JK Cement Limited
0.35
Bank of Baroda
0.35
Go Fashion (India) Limited
0.35
DLF Limited
0.34
Tech Mahindra Limited
0.33
Krishna Institute Of Medical Sciences Limited
0.31
IIFL Finance Limited
0.30
Go Digit General Insurance Limited
0.30
Arvind Limited
0.29
Indus Towers Limited
0.29
8.46% HDFC Bank Limited (24/06/2026) **
0.29
7.9237% Bajaj Housing Finance Limited (16/03/2026) **
0.29
TBO Tek Limited
0.28
Adani Wilmar Limited
0.27
Page Industries Limited
0.26
Voltas Limited
0.26
Escorts Kubota Limited
0.24
General Insurance Corporation of India
0.21
Mankind Pharma Limited
0.20
Greenply Industries Limited
0.20
Crompton Greaves Consumer Electricals Limited
0.19
ABB India Limited
0.18
The Federal Bank Limited
0.18
Gujarat State Petronet Limited
0.17
Sai Life Sciences Limited
0.17
8.7% Bharti Telecom Limited (05/12/2025) **
0.17
Divi's Laboratories Limited
0.17
IndusInd Bank Limited
0.16
Sona BLW Precision Forgings Limited
0.15
United Spirits Limited
0.14
Prince Pipes And Fittings Limited
0.14
Gateway Distriparks Limited
0.13
JB Chemicals & Pharmaceuticals Limited
0.13
Schaeffler India Limited
0.11
The Indian Hotels Company Limited
0.10
Eicher Motors Limited
0.10
Tata Power Company Limited
0.10
Lupin Limited
0.09
Vishal Mega Mart Limited
0.09
Utkarsh Small Finance Bank Ltd
0.09
ACC Limited
0.08
REC Limited
0.08
Avenue Supermarts Limited
0.08
Container Corporation of India Limited
0.05
ITC Hotels Limited
0.01
Canara Bank
0.01

Sector Holding%
Miscellaneous
13.53
Bank - Private
11.06
IT - Software
6.56
Pharmaceuticals & Drugs
4.94
Refineries
2.86
Telecommunication - Service Provider
2.84
Bank - Public
2.70
Automobiles - Passenger Cars
2.14
Finance - NBFC
2.12
Cement & Construction Materials
1.70
Electric Equipment
1.66
Metal - Non Ferrous
1.64
Engineering - Construction
1.62
Steel & Iron Products
1.60
Power Generation/Distribution
1.58
Mining & Minerals
1.51
Insurance
1.33
Household & Personal Products
1.17
Automobiles-Trucks/Lcv
1.06
Construction - Real Estate
1.03
Automobile Two & Three Wheelers
0.94
Finance Term Lending
0.85
Cigarettes/Tobacco
0.84
Finance - Stock Broking
0.76
e-Commerce
0.76
Defence
0.76
Oil Exploration
0.75
Wood & Wood Products
0.66
Finance - Housing
0.60
Auto Ancillary
0.60
Business Support
0.59
Textile
0.56
Steel/Sponge Iron/Pig Iron
0.55
Gas Transmission/Marketing
0.55
Airlines
0.54
Retailing
0.51
Port
0.48
Diamond & Jewellery
0.48
Consumer Food
0.47
Pesticides & Agrochemicals
0.42
Chemicals
0.39
Diversified
0.38
Finance - Asset Management
0.37
Industrial Gases & Fuels
0.37
Depository Services
0.36
Hospital & Healthcare Services
0.31
Finance - Investment
0.30
Travel Services
0.28
Edible Oil
0.27
Air Conditioners
0.26
Automobiles-Tractors
0.24
Consumer Durables - Domestic Appliances
0.19
Logistics
0.18
Plastic Products
0.14
Breweries & Distilleries
0.14
Bearings
0.11
Hotel, Resort & Restaurants
0.11

Fund Manager

Mahendra Kumar Jajoo

Education:CA, CS, CFA, B.Com
Experience:19 Years
Basic Details:Mr.Mahendra Kumar Jajoo work From Jan 2010 till date With Pramerica Asset Managers Private Limited as the Head of fixed Income.
Funds Managed:
Mirae Asset Balanced Advantage Fund
Mirae Asset Equity Savings Fund
Mirae Asset Aggressive Hybrid Fund
Mirae Asset Balanced Advantage Fund
Mirae Asset Equity Savings Fund
Mirae Asset Aggressive Hybrid Fund
Mirae Asset Nifty SDL June 2028 Index Fund
Mirae Asset Nifty SDL June 2028 Index Fund

Harshad Borawake

Holding Type Holding %
BWR AA+(CE)
0.54
Cash
5.32
CRISIL AA+
0.17
CRISIL AAA
11.44
Equity
68.18
ICRA AAA
1.38
SOVEREIGN
12.94

About Mirae Asset Balanced Advantage Fund

Scheme Analysis

Mirae Asset Balanced Advantage Fund is a Hybrid - Dynamic Asset Allocation fund and belongs to Mirae Asset Mutual Fund. It was launched on 11-Aug-2022 and currently has an AUM of ₹1,750.90 crore. Mirae Asset Balanced Advantage Fund is benchmarked against NIFTY 50 - TRI as primary index and NIFTY 50 Hybrid Composite Debt 50:50 Index as secondary index.

The NAV of Mirae Asset Balanced Advantage Fund ended up ₹0.02(0.17%)yesterday to ₹13.256.

Among its top 3 holdings the fund has exposure to HDFC Bank Limited, and

The Mirae Asset Balanced Advantage Fund is managed by Mahendra Kumar Jajoo and Harshad Borawake.

Fund House Contact

Address:

Unit 606, 6th Floor, Windsor Building, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098

Phone Number: 022-67800300

Email Address: miraeasset@miraeassetmf.co.in

Fax Number: 022-67253940

Website: www.miraeassetmf.co.in

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