Mirae Asset Aggressive Hybrid Fund Direct Growth

Mirae Asset Aggressive Hybrid Fund Direct Growth

Hybrid

Direct

Aggressive Allocation

NAV as on 11-11-2024

₹ 35.69

-0.5%

1D

Inception Returns

14.7%

/yr

About Mirae Asset Aggressive Hybrid Fund Direct Growth

Mirae Asset Aggressive Hybrid Fund Direct Growth is a hybrid fund. This fund was started on 29 July, 2015. The fund is managed by Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera. This fund gives you the benefit of diversification.

Key Parameters

  1. Mirae Asset Aggressive Hybrid Fund Direct Growth has ₹9481 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Aggressive Hybrid Fund Direct Growth has given a CAGR return of 14.71% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 25.98%, 12.29% and 16.67% respectively.

Holdings

Mirae Asset Aggressive Hybrid Fund Direct Growth has allocated its funds majorly in Government, Corporate, Financial Services, Consumer Cyclical, Industrial, Tech, Health, Basic Materials, Energy, Cash Equivalent, Utilities, Communication, Securitize, Consumer Defensive, Real Estate.

Taxation

As it is a aggressive allocation mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

Investment objective of Mirae Asset Aggressive Hybrid Fund Direct Growth

The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity & equity related instruments and balance in debt and money market instruments. The Scheme does not guarantee or assure any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Aggressive Hybrid Fund Direct Growth has no lock in period.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
2448 people have invested ₹ 2.1Cr in Mirae Asset Aggressive Hybrid Fund Direct Growth in the last three months

INDmoney Rank for Mirae Asset Aggressive Hybrid Fund Direct Growth

Powered by IND quant engine
8
/19
43% Performance
42% Risk Management
100% Cost
8 out of 19 among aggressive allocation

Mirae Asset Aggressive Hybrid Fund Direct Growth Overview

Expense ratio0.4%
Benchmark
CRISIL Hybrid 35+65 - Agg TR INR
AUM₹9481 Cr
Inception Date29 July, 2015
Min Lumpsum/SIP₹5000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
22.87%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (11-Nov-24)

Period
Mirae Asset Aggressive Hybrid Fund Direct Growth
Aggressive Allocation Index
1M
-2.5%
-2.2%
3M
1.2%
1%
6M
11%
10%
1Y
26%
28%
3Y
12.3%
13.3%
5Y
16.7%
17.2%

Fund Distribution

as on (30-Sep-24)

  • Equity 74.5%

  • Debt & Cash 25.5%

Large cap
52.2%

Mid cap
11.2%

Small cap
9.2%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
29.5%
Consumer Cyclical
11.2%
Industrial
10.8%
Tech
10.5%
Health
7.3%
Basic Materials
7%
Energy
6.9%
Utilities
5.5%
Communication
4.2%
Consumer Defensive
3.6%
Real Estate
3.4%
All changes are between Oct'69 and Dec'69
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 9.4K Cr
₹ 9.4K Cr
₹ 9.3K Cr
  • AUM of the fund stands at 9.4K Cr as of Sep'24
  • AUM has remained same between Sep'24 and Aug'24

Top 3 Sectors in September were Government, Corporate & Financial Services

Sep'24
Government
47%
Corporate
42%
Financial Services
30%
Aug'24
Government
39%
Corporate
30%
Financial Services
29%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
128
133
136
Top 5 Company Concentration
19.5%
19.8%
20.2%
Company having highest exposure
HDFC Bank Ltd (5.6%)
HDFC Bank Ltd (5.4%)
HDFC Bank Ltd (5.4%)
No of Sectors
14
14
14
Top 5 Sectors Concentration
140.7%
121%
133.7%
Sector having highest exposure
Government (46.8%)
Government (39.4%)
Corporate (42.9%)
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Harshad Borawake
Harshad Borawake
Fund Manager of Mirae Asset Aggressive Hybrid Fund Direct Growth, since 1 April 2020
Mahendra Jajoo
Mahendra Jajoo
Fund Manager of Mirae Asset Aggressive Hybrid Fund Direct Growth, since 8 September 2016
Vrijesh Kasera
Vrijesh Kasera
Fund Manager of Mirae Asset Aggressive Hybrid Fund Direct Growth, since 1 April 2020
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.88L Cr
as on 30-Sep-2024
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Website
customercare@miraeasset.com

Mutual Fund Insights

Insights icon
In the last 1 year, Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth has given 35.84% return, outperforming this fund by 9.86%.
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In the last 3 years, ICICI Prudential Equity & Debt Fund Direct Plan Growth has given 19.05% return, outperforming this fund by 6.76% per annum.
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Over the last 3 months, this fund has increased expense ratio by 8.1% moving from 0.37 to 0.40.
Insights icon
This fund has one of the lowest expense ratio in the category (aggressive allocation). Its expense ratio is 0.4% which is lower than the category average expense ratio of 1.24%.
Insights icon
In the last 5 years, Bank of India Mid & Small Cap Equity & Debt Fund Direct Growth has given 27.55% return, outperforming this fund by 10.88% per annum.

Mirae Asset Aggressive Hybrid Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.71% since inception which is more than its category average return of 13.19%
Fund Allocations

Fund Allocations

This fund has an allocation of 74.5% in Equity, 23.59% in Debt and 1.9% in Cash related instruments
AUM size ₹9481 Cr

AUM size ₹9481 Cr

This fund has AUM of ₹9481 Cr which is more than its category average of ₹ 5838 Cr
Expense Ratio 0.4%

Expense Ratio 0.4%

This fund has an expense ratio of 0.4% which is less than its category average expense ratio of 1.48%

Frequently Asked Questions for Mirae Asset Aggressive Hybrid Fund Direct Growth

The current NAV of Mirae Asset Aggressive Hybrid Fund Direct Growth is ₹35.69 as on 11-Nov-2024.
Existing (Absolute + CAGR) as on 11-Nov-2024.
Mirae Asset Aggressive Hybrid Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.45%
-2.45%
6 Month Returns
11%
11%
1 Year Returns
25.98%
25.98%
3 Years Returns
41.58%
12.29%
5 Years Returns
116.13%
16.67%
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0.4% as on October 2024
₹9481 Cr as on October 2024
HDFC Bank Ltd(5.59%), ICICI Bank Ltd(3.89%), Infosys Ltd(3.82%), Reliance Industries Ltd(3.15%), State Bank of India(3.03%) as on October 2024
Financial Services(21.99%), Government(11.92%), Corporate(10.79%) as on October 2024
AAA
93.81
AA
6.19
Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera are the fund managers of Mirae Asset Aggressive Hybrid Fund Direct Growth
The Exit load of Mirae Asset Aggressive Hybrid Fund Direct Growth is 1%