Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth

Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth

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Hybrid
Direct
Aggressive Allocation
NAV: ₹ 31.6 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
2294 people have invested ₹ 1.6Cr in Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth in the last three months

Mutual Fund Insights

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In the last 1 year, ICICI Prudential Equity & Debt Fund Direct Plan Growth has given 38.67% return, outperforming this fund by 11.67%.
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In the last 3 years, Quant Absolute Fund Growth Option Direct Plan has given 27.81% return, outperforming this fund by 12.38% per annum.
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This fund has one of the lowest expense ratio in the category (aggressive allocation). Its expense ratio is 0.38% which is lower than the category average expense ratio of 1.26%.
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In the last 5 years, Quant Absolute Fund Growth Option Direct Plan has given 27.03% return, outperforming this fund by 10.52% per annum.
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Over the last 1 year, this fund has increased expense ratio by 5.6% moving from 0.36 to 0.38.

INDmoney Rank of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth

Powered by IND quant engine
6
/18
50% Performance
49% Risk Management
87% Cost
6 out of 18 among aggressive allocation

About the Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth

Mirae Asset Aggressive Hybrid Fund -Direct Plan-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 Plan-Growth has ₹8350 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.4.

Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth Overview

Expense ratio
Expense ratio
0.38%
Benchmark
Benchmark
CRISIL Hybrid 35+65 - Agg TR INR
AUM
AUM
₹8350 Cr
Inception Date
Inception Date
29 July, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
69.87%

Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth Distribution as on (31-Jan-24)

  • Equity 74.1%

  • Debt & Cash 25.9%

Size breakup

Large cap
56.7%
Small cap
8.8%
Mid cap
8.6%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
31.6%
Consumer Cyclical
13.2%
Industrial
11.9%
Tech
9.5%
Energy
6.8%
Basic Materials
6.8%
Consumer Defensive
5.9%
Health
5.3%
Utilities
4.8%
Communication
2.7%
Real Estate
1.6%

Top Holdings of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings67
Debt Holdings72

Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth: Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 8.3K Cr
₹ 7.9K Cr
₹ 7.9K Cr
  • AUM of the fund stands at 8.3K Cr as of Jan'24
  • AUM increased by 371.9 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth Fund Manager

Harshad Borawake
Harshad Borawake
Fund Manager of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth, since 1 April 2020
Mahendra Jajoo
Mahendra Jajoo
Fund Manager of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth, since 8 September 2016
Vrijesh Kasera
Vrijesh Kasera
Fund Manager of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth, since 1 April 2020

Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth Highlights

Risk meter
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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 14.36% since inception which is more than its category average return of 12.71%
Fund Allocations

Fund Allocations

This fund has an allocation of 74.1% in Equity, 19.62% in Debt and 6.28% in Cash related instruments
AUM size ₹8350 Cr

AUM size ₹8350 Cr

This fund has AUM of ₹8350 Cr which is more than its category average of ₹ 4830 Cr
Expense Ratio 0.38%

Expense Ratio 0.38%

This fund has an expense ratio of 0.38% which is less than its category average expense ratio of 1.51%

Frequently Asked Questions

The current NAV of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth is ₹31.63 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth
Absolute Returns
CAGR Returns
1 Month Returns
2.45%
2.45%
6 Month Returns
12.37%
12.37%
1 Year Returns
27.01%
27.01%
3 Years Returns
53.78%
15.43%
5 Years Returns
114.72%
16.51%
With INDmoney, the process of investing is very simple and involves zero commission.
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0.38% as on January 2024
₹8350 Cr as on January 2024
HDFC Bank Ltd(5.8%), ICICI Bank Ltd(5.19%), Reliance Industries Ltd(4.49%), Infosys Ltd(3.84%), State Bank of India(3.65%) as on January 2024
Financial Services(23.39%), Corporate(11.61%), Consumer Cyclical(9.77%) as on January 2024
AAA
75.67
AA
24.33
Harshad Borawake, Mahendra Jajoo, Vrijesh Kasera are the fund managers of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth
The Exit load of Mirae Asset Aggressive Hybrid Fund -Direct Plan-Growth is 1%