Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Hybrid
Direct
Dynamic Asset Allocation
NAV: ₹ 12.75 as on 22-04-2024
Fund Performance
About the Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl is a hybrid fund. This fund was started on 12 August, 2022. The fund is managed by Mahendra Jajoo, Harshad Borawake. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹1534 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.7.
Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl Overview
 | 0.74% |
 Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
 | ₹1534 Cr |
 | 12 August, 2022 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 44.87% |
Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl Distribution as on (31-Mar-24)
Size breakup
Large cap
51.7%
Small cap
7.4%
Mid cap
7.4%
Sector Allocation
Financial Services
33.1%
Consumer Cyclical
12.3%
Basic Materials
10.2%
Industrial
10%
Tech
8.8%
Energy
7.9%
Health
5.7%
Consumer Defensive
5.7%
Communication
2.8%
Utilities
2%
Real Estate
1.4%
Top Holdings of Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl as on (31-Mar-24)
Equity Holdings93
Debt Holdings21
Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 1.5K Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl Fund Manager
Mahendra Jajoo
Fund Manager of Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 12 August 2022
Top funds managed
Harshad Borawake
Fund Manager of Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl, since 12 August 2022
Top funds managed
Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.97% since inception which is more than its category average return of 11.47%
Fund Allocations
This fund has an allocation of 66.51% in Equity, 23.62% in Debt and 9.86% in Cash related instruments
AUM size ₹1534 Cr
This fund has AUM of ₹1534 Cr which is less than its category average of ₹ 8144 Cr
Expense Ratio 0.74%
This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl is ₹12.75 as on 22-Apr-2024.
Existing (Absolute + CAGR) as on 22-Apr-2024.
Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 2.32% | 2.32% |
6 Month Returns | 10.31% | 10.31% |
1 Year Returns | 23.26% | 23.26% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.74% as on March 2024
₹1534 Cr as on March 2024
7.18% Govt Stock 2033(5.59%), HDFC Bank Ltd(4.7%), 7.38% Govt Stock 2027(4.6%), ICICI Bank Ltd(3.7%), State Bank of India(3.39%) as on March 2024
Financial Services(22%), Government(16.88%), Cash Equivalent(9.56%) as on March 2024
AAA | 87.35 |
AA | 12.65 |
Mahendra Jajoo, Harshad Borawake are the fund managers of Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl
The Exit load of Mirae Asset Balanced Advantage Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 1%