Mirae Asset Balanced Advantage Fund Direct Growth
Get the latest NAV of Mirae Asset Balanced Advantage Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹14.33
▲2%1D
NAV as on 12 May 2025
13.89%/per year
Since Inception
▲▼
119 people have invested ₹ 10.6L in Mirae Asset Balanced Advantage Fund Direct Growth in the last three months
Fund Performance
as on (12-May-25)
Peer comparison
Mirae Asset Balanced Advantage Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Mirae Asset Balanced Advantage Fund Asset Allocation
See fund asset allocation details as on (15-Apr-25)
Fund Distribution
as on (15-Apr-25)
Equity 54.1%
Debt & Cash 45.9%
Mirae Asset Balanced Advantage Fund Sector Allocation
See fund sector allocation details as on (15-Apr-25)
Sector Allocation
Equity 54.1%
Debt & Cash 45.9%
Top 3 Sectors in March were Government, Corporate & Financial Services
Government
33%
Financial Services
30%
Corporate
23%
Government
49%
Corporate
35%
Financial Services
30%
Mirae Asset Balanced Advantage Fund Holdings Details
as on (30-Apr-25)
Equity
Debt & Cash
Mirae Asset Balanced Advantage Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.67% |
Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
| AUM | ₹1811 Cr |
| Inception Date | 12 August, 2022 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 146.8% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Moderately High risk |
About Mirae Asset Balanced Advantage Fund
Mirae Asset Balanced Advantage Fund Direct Growth is a hybrid fund. This fund was started on 12 August, 2022. The fund is managed by Harshad Borawake, Mahendra Jajoo. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Balanced Advantage Fund Direct Growth has ₹1811 Cr worth of assets under management (AUM) as on Mar 2025 and is less than category average.
- The fund has an expense ratio 0.7.
Returns
Mirae Asset Balanced Advantage Fund Direct Growth has given a CAGR return of 13.89% since inception. Over the last 1 year the fund has given a CAGR return of 12.22%.
Holdings
Mirae Asset Balanced Advantage Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Government, Financial Services, Corporate, Basic Materials, Consumer Cyclical, Tech, Industrial, Health, Energy, Communication, Consumer Defensive, Utilities, Real Estate.
Taxation
As it is a dynamic asset 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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitLong term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).
Investment objective of Mirae Asset Balanced Advantage Fund Direct Growth
The investment objective of the scheme is to capitalize on the potential upside of equities while attempting 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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Balanced Advantage Fund Direct Growth has no lock in period.
Fund Manager
Harshad Borawake
Fund Manager of Mirae Asset Balanced Advantage Fund Direct Growth, since 12 August 2022
Mahendra Jajoo
Fund Manager of Mirae Asset Balanced Advantage Fund Direct Growth, since 12 August 2022
- AUM of the fund stands at 1.7K Cr as of Mar'25
- AUM has remained same between Mar'25 and Feb'25
More funds from Mirae
3Y CAGR
▲ 19.39
5Y CAGR
▲ 20.71
5Y CAGR
▲ 15.68
3Y CAGR
▲ 7.33
1Y CAGR
▲ 15.40
Frequently Asked Questions for Mirae Asset Balanced Advantage Fund Direct Growth
What is the current NAV of Mirae Asset Balanced Advantage Fund Direct Growth?
What are the average returns of Mirae Asset Balanced Advantage Fund Direct Growth?
Mirae Asset Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.78% | 4.78% |
6 Month Returns | 4.03% | 4.03% |
1 Year Returns | 12.22% | 12.22% |
3 Years Returns | 0% | 0% |
How do I invest in Mirae Asset Balanced Advantage Fund Direct Growth?
- 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.
What is the expense ratio of Mirae Asset Balanced Advantage Fund Direct Growth?
What is net assets under management (AUM) of Mirae Asset Balanced Advantage Fund Direct Growth?
What are the top 5 holdings of Mirae Asset Balanced Advantage Fund Direct Growth?
What are the top 3 sectors that this Mirae Asset Balanced Advantage Fund Direct Growth has invested in?
What is the credit rating breakup of Mirae Asset Balanced Advantage Fund Direct Growth?
AAA | 99.32 |
AA | 0.68 |