How are the returns of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan fund?

Mirae Asset Balanced Advantage Fund - Growth - Direct Plan fund has delivered a CAGR of 1 year: 3.66%, 3 years: 0%, 5 years: 0%, and 9 years: 0%. However, its average rolling 1 year: 18.44%, 3 years: 0.00%, 5 years: 0.00%, and 9 years: 0.00%.

How can I redeem my investments in Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund?

Give a request for redemption of the number of units or the amount you want. The request will be acknowledged and you will get information about the redemption and the NAV at which redeemed. The amount will be deposited in the designated bank account.

What is the minimum SIP amount of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund?

The minimum SIP amount for this fund is Rs.99.00 and minimum lumpsum is Rs.5000.00

Mirae Asset Balanced Advantage Fund - Growth - Direct Plan

Q: How much does Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund charge as expense ratio?

Mirae Asset Balanced Advantage Fund - Growth - Direct Plan expense ratio is 0.68%

Q: What is the AUM or size of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund?

The AUM of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is currently 1,696 Crores.

Q: What are the top stock holdings of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund?

The Top 3 stocks are HDFC Bank, ICICI Bank and Bharti Airtel and account for 10% of its portfolio. Top 5 and 10 stocks of fund account for 15% and 24% of fund’s portfolio respectively.

Q: What are the top sectors Mirae Asset Balanced Advantage Fund - Growth - Direct Planfund has invested in?

Top three sectors of funds are Others, BFSI and Construction & Infrastructure accounting for 54% of the total portfolio.

Q: Is it safe to invest in Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund?

Since this is a Hybrid - Dynamic Asset Allocation it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

NAV 13.37(-0.23%)

Mar 13, 2025

Mirae Asset Balanced Advantage Fund - Growth - Direct Plan

Portfolio Compare

Decision Maker
Portfolio Quality

AUM

₹1,695 Cr

Expense (%)

0.68

Turnover (%)

286.00

Decision Maker

1. Right Fund

Performance

Quality

2. Right Time

Benchmark

Debt Fund
8%

Likely Future 5 Year CAGR.

3. Right Allocation

Will this Fund help diversify your portfolio?

Right Allocation advice is provided under Omega

Fund Review

3Yr Rolling Returns(%)

Benchmark# : NIFTY 50

Rolling: 1Y 3Y 5Y 9Y

Performance Summary - 10 Year X-Ray

	Dec' 15	Dec' 16	Dec' 17	Dec' 18	Dec' 19	Dec' 20	Dec' 21	Dec' 22	Dec' 23	Dec' 24	YTD
NAV(₹)	-	-	-	-	-	-	-	10.27	12.31	13.88	13.37
AUM(Cr.)	-	-	-	-	-	-	-	953.06	1477.90	1779.30	1695.72
Benchmark# BM# Returns(%)	-	-	-	-	-	-	-	1.95	20.03	8.80	-5.28
Fund Returns(%) ⓘ	-	-	-	-	-	-	-	2.39	19.86	12.75	-3.67
Implied Investor Returns(%) IR(%)	-	-	-	-	-	-	-	18.93	24.43	13.12	-23.63
Alpha(%) (Returns over Benchmark)	-	-	-	-	-	-	-	0.44	-0.17	3.95	1.61
Expense Ratio(%)	-	-	-	-	-	-	-	0.85	0.69	0.74	0.59

CAGR ⓘ

	9 Year	5 Year	3 Year	1 Year
Benchmark# BM# Returns(%)	-	-	-	0.79
Fund Returns(%)	-	-	-	3.66
Implied Investor Returns(%) IR	-	-	-	3.24

Benchmark# is NIFTY 50

Mirae Asset Balanced Advantage Fund Review : 14 Mar 2025

Mirae Asset Balanced Advantage Fund is a Hybrid - Dynamic Asset Allocation with an 1,696(Cr) AUM. It is Open Ended scheme launched on 11 Aug 2022. Currently, Harshad Borawake and Mahendra Kumar Jajoo as the fund managers managing the fund. Benchmark of the scheme is NIFTY 50 Hybrid Composite Debt 50:50 Index.

1. How has the Mirae Asset Balanced Advantage Fund Performed in the past? N/A

The fund has been operational for less than 5 years and hence it too early to be rated on Performance consistency.

The 3, 5 and 9-year average rolling returns and rolling alpha are not available

For last 5 years, Investors have earned close to or more returns than the Fund. This may indicate that they were aligned to the investing process followed by the fund.

2. How is the Quality of Mirae Asset Balanced Advantage Fund? Q

Portfolio Composition

The fund is 68% in equity and hold 108 number of stocks. The Top 3 stocks are Bharti Airtel, ICICI Bank and HDFC Bank and account for 10% of its portfolio. Top 5 and 10 stocks of fund account for 15% and 24% of fund’s portfolio respectively. Top three sectors of funds are Others, BFSI and Construction & Infrastructure accounting for 54% of the total portfolio.

3. Should you SIP in Mirae Asset Balanced Advantage Fund? N/A Q

It is better to invest in a fund with a longer track record as this fund cannot be assessed for consistency of out-performance.

Fund's returns likely to be fairly different than its benchmark NIFTY 50 , as Fund’s portfolio is somewhat different.

You need to look at the other funds in your portfolio and ensure this fund helps diversify your portfolio meaningfully.

Before investing a large lumpsum amount in a fund you need to assess its Upside Potential. You can contact us for advice.

4. What are the Risks in the Mirae Asset Balanced Advantage Fund?

Mirae Asset Balanced Advantage Fund is likely to fall lesser than the market. It is likely to do well in a falling market but not in a rising market.

The Fund has fallen harder, but not recovered faster than its Benchmark.

Underlying Asset Quality & Valuation

Underlying Asset Quality Valuation(%) ⓘ

Underlying Asset Valuation (%) ⓘ

Peer Comparison on returns

Upside and Downside Capture Ratio ⓘ

	1 Year	3 Year	5 Year	9 Year
Upside %	69	-	-	-
Downside %	46	45	35	41

Statistical Measure*

	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	0.02%	0.09	0.08	0.16	1.50	1.61%
Benchmark#	0.02%	0.50	0.02	0.02	1.50	-

*Based on daily returns for past 1 year.

Mean and Standard Deviation

	Average Rolling Return				Standard Deviation
	1 Year	3 Year	5 Year	9 Year	1 Year	3 Year	5 Year	9 Year
Fund	20.25	0.00	0.00	0.00	5.67	0.00	0.00	0.00
Benchmark#	20.87	0.00	0.00	0.00	8.88	0.00	0.00	0.00

Drawdown and Recovery Period ⓘ

No Data Found

Top 10 Holdings

Company (Q)	Sector	% Assets
HDFC Bank Limited	BFSI	5.12
7.18% Government of India (14/08/2033)		4.47
TREPS	Miscellaneous	3.85
ICICI Bank Limited	BFSI	2.71
Bharti Airtel Limited	Telecom	2.54
Infosys Limited	IT	2.19
State Bank of India	BFSI	2.15
7.1% Government of India (08/04/2034)		2.07
Reliance Industries Limited	Oil & Gas	2.04
Larsen & Toubro Limited	Construction & Infrastructure	1.87

Fund Overview Mirae Asset Balanced Advantage Fund - Regular Plan - Growth

Launch Date	11 Aug 2022
Benchmark	NIFTY 50 Hybrid Composite Debt 50:50 Index
Performance comparison Benchmark#	NIFTY 50
Riskometer	Very High
Turnover	286%
Type	Open ended scheme
Return Since Launch	13.46%
Min. Investment	5000.00
Min. Additional investment Min. Add. inv.	1000.00
Min. SIP	99.00
Min. Cheques	6
Min. Withdrawal	1.00
Exit Load	1.00%
Remark	1% on or before 6M (180D), Nil after 6M (180D)

Portfolio Compare

FAQ : Mirae Asset Balanced Advantage Fund - Growth - Direct Plan

Mirae Asset Balanced Advantage Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

	1 Year	3 Year	5 Year	9 Year
CAGR(%)	3.66	N/A	N/A	N/A
Average Rolling Returns(%)	18.44	N/A	N/A	N/A

The Current NAV of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is ₹13.37.

It is better to invest in a fund with a longer track record as Mirae Asset Balanced Advantage Fund - Growth - Direct Plan cannot be assessed for consistency of out-performance. Funds returns likely to be fairly different than its benchmark NIFTY 50 , as Funds portfolio is somewhat different.

Mirae Asset Balanced Advantage Fund - Growth - Direct Plan fund’s expense ratio is 0.68%

The process for redemption is

Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
You will get information about the redemption and the NAV at which redeemed.
The amount will be deposited in the designated bank account.

The AUM of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is currently ₹1,696 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and Bharti Airtel and account for 10% of its portfolio. Top 5 and 10 stocks of fund account for 15% and 24% of fund’s portfolio respectively.

Top three sectors of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan fund are Others, BFSI and Construction & Infrastructure accounting for 54% of the total portfolio.

Since this is a Hybrid - Dynamic Asset Allocation it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund is Hybrid - Dynamic Asset Allocation.

Harshad Borawake and Mahendra Kumar Jajoo manage the Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund.

Mirae Asset Balanced Advantage Fund - Growth - Direct Plan current PE ratio is 29.40 and PB ratio is 4.95

The asset allocation of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is Stocks : 67.87%, Debt : 32.16% and Gold : 0%

The minimum SIP amount for Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is ₹99.00 and minimum lumpsum is ₹5000.00

The exit load for Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is 1% on or before 6 months (180 days), Nil after 6 months (180 days)

Build your portfolio of top-class funds today.

Start systematic investing now!

Compliance Officer:

Name: Shrikant Jagtap

Email : shrikant.jagtap@moneyworks4me.com

Mobile No: +91 97638 00745

Grievance officer:

Name: Mukta Vaze

Email : mukta.vaze@moneyworks4me.com

Mobile No:+91 98609 19463

Principal Officer:

Name: Atharva Bhide

Email : atharva.bhide@moneyworks4me.com

Mobile No:+91 91758 99463

Sitemap

Download APP

Address: The Alchemists Ark Pvt. Ltd., B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Complaints: Complaint status | Cancellation and Refund Policy | PML Act | Grievance Redressal Process | ODR | Investor charter | Terms & Conditions | Disclaimer | Disclosure

MoneyWorks4Me method for rating and ranking mutual funds for SIP

MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com

MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:

Performance Consistency: This is measure based on whether the fund has beaten the benchmark index consistently. For this we compare the 3-year rolling returns of the fund with the benchmark for a minimum of 5 years and preferable 10 years. The period of rolling is one month and holding period is 3 years. Fund are color-coded Green on Performance when the fund beats the benchmark more than 90% of the time. It is Orange if it beats 80% to 90% of the time and Red if less than 80%. Funds with less than 5 year data are color-coded Grey.
Quality of Portfolio Holding: Moneyworks4Me has color-coded stocks as Green, Orange and Red based on whether the company's performance has generated a ROCE above a threshold level (cost of capital) over 10 years (minimum 6 years) and generated positive Free Cash Flow. For Banks it checks whether ROE is greater than 15% and sales has grown over previous year. Stocks that perform consistently on these combined metrics are color-coded Green (min score 14 out of 20), Orange (between 8 and 14) and Red (less than 8 out of 20).

Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.

With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.

Here is the summary:

The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.

A 5-Step Journey to Financial Freedom

Read this Book for Free.

*This Offer is only valid till this month only. Claim it now.

Read Now

Book your Appointment Now#

#Limited slots available.

*Color code for outperformance consistency

*Number is average 3 year rolling returns

Does it make it easy to find opportunities without wasting your time?

Are you spending too much time finding opportunities?
Do you have a way of knowing when opportunities from your chosen set of stocks arise in the future?
How confident are you about them?