Mirae Asset Balanced Advantage Fund Direct Growth
Hybrid
Direct
Dynamic Asset Allocation
NAV as on 05-03-2025
₹ 13.38
▲0.2%
1D
Inception Returns
11.6%
/yr
About 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 Mahendra Jajoo, Harshad Borawake. This fund gives you the benefit of diversification.
Key Parameters
- Mirae Asset Balanced Advantage Fund Direct Growth has ₹1751 Cr worth of assets under management (AUM) as on Jan 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 11.56% since inception. Over the last 1 year the fund has given a CAGR return of 4.04%.
Holdings
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, Health, Energy, Consumer Defensive, Communication, 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.
Historical NAV & Returns
Mirae Asset Balanced Advantage Fund Direct Growth Overview
| Expense ratio | 0.68% |
Benchmark | Nifty 50 Hybrid Comp Debt 50:50 TR INR |
| AUM | ₹1751 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 |
Trailing Returns
as on (05-Mar-25)
Fund Distribution
as on (31-Jan-25)
- AUM of the fund stands at 1.8K Cr as of Jan'25
- AUM increased by 4.5 Cr between Jan'25 and Dec'24
Top 3 Sectors in January were Government, Financial Services & Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 4.87% | 12.7% | |
 ICICI Bank Ltd | 2.73% | 3.8% | |
 Bharti Airtel Ltd | 2.55% | 2% | |
 Infosys Ltd | 2.36% | 4.8% | |
 State Bank of India | 2.34% | 7.3% |
Mirae Asset Balanced Advantage Fund Direct Growth Highlights
Moderately High risk
About the fund
Fund Allocations
AUM size ₹1751 Cr
Expense Ratio 0.68%
Frequently Asked Questions for Mirae Asset Balanced Advantage Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -4% | -4% |
6 Month Returns | -5.81% | -5.81% |
1 Year Returns | 4.04% | 4.04% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
- 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.
AAA | 97.3 |
AA | 2.7 |