Mirae Asset Balanced Advantage Fund Direct Growth

Hybrid
Dynamic Asset Allocation
Very High Risk
1M
6M
1Y
All
NAV: 28 Mar 2024₹12.62
Min. SIP amount₹500
RatingNA
Fund size₹1,518.44Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Hybrid Dynamic Asset Allocation
Absolute returns
3M6M1YAll
Fund returns2.5%9.0%24.4%25.2%
Category averageNANA25.8%NA
Rank with in category262217NA
Understand terms

Holdings (159)

NameSectorInstrumentAssets
SovereignGOI Sec4.65%
FinancialEquity4.60%
FinancialEquity3.88%
FinancialEquity3.41%
SovereignGOI Sec3.18%
SovereignGOI Sec2.98%
TechnologyEquity2.76%
EnergyEquity2.76%
ConstructionEquity2.21%
FinancialEquity1.75%
See All

Pros and cons

Category: Hybrid Dynamic Asset Allocation

Pros

Cons

Lower expense ratio: 0.74%
1Y annualised returns lower than category average by 0.05%

Expense ratio, exit load and tax

Expense ratio: 0.74%

Inclusive of GST

Exit load

For units in excess of 15% of the investment,1% will be charged for redemption within 365 days

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Harshad Borawake
Jul 2022 - Present
View details

Education
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
30 Nov 2007
E-mail
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

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