Mirae Asset Balanced Advantage Fund Direct Growth

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.

1. Mirae Asset Balanced Advantage Fund Direct Growth has ₹1775 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
2. The fund has an expense ratio 0.7.
   

Mirae Asset Balanced Advantage Fund Direct Growth has given a CAGR return of 14.96% since inception. Over the last 1 year the fund has given a CAGR return of 13.81%.

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

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 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).

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 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.