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Mirae Asset Balanced Advantage Fund Direct Growth
+9.75%
3Y annualised
-0.55% 1D
NAV: 21 Oct '26
₹15.09
Min. for SIP
₹99
Fund size (AUM)
₹2,109.29 Cr
Expense ratio
0.98%
Rating
4
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,834 | -1.11% | |
| 6 months | ₹30,000 | ₹29,825 | -0.58% | |
| 1 year | ₹60,000 | ₹60,091 | +0.15% | |
| 3 years | ₹1,80,000 | ₹1,94,882 | +8.27% |
Holdings (173)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Cash Margin | Unspecified | Cash Margin | 9.78% |
| HDFC Bank Ltd | Financial | Equity | 4.70% |
| ICICI Bank Ltd | Financial | Equity | 3.52% |
| GOI Sec 7.18 14/08/2033 | Entities | GOI Securities | 3.34% |
| Repo | Unspecified | Repo | 3.19% |
| Bharti Airtel Ltd | Technology | Equity | 2.82% |
| Reliance Industries Ltd | Energy & Utilities | Equity | 2.72% |
| State Bank of India | Financial | Equity | 2.64% |
| TORRENT PHARMACEUTICALS LTD SR 2 7.60 NCD 19JN29 FVRS1LAC | Healthcare | Non Convertible Debenture | 2.34% |
| BAJAJ HOUSING FINANCE LIMITED 7.53 NCD 28SP29 FVRS1LAC | Financial | Non Convertible Debenture | 2.33% |
| MINDSPACE BUSINESS PARKS REIT SR 20 7.6335 NCD 26SP28 FVRS1LAC | Real Estate | Non Convertible Debenture | 2.31% |
| Axis Bank Ltd | Financial | Equity | 1.74% |
| GOVERNMENT OF INDIA 34208 GOI 08AP34 7.1 FV RS 100 | Entities | GOI Securities | 1.63% |
| Mahindra & Mahindra Ltd | Consumer Discretionary | Equity | 1.52% |
| GOVERNMENT OF INDIA 35031 GOI 07OT34 6.79 FV RS 100 | Entities | GOI Securities | 1.52% |
| Tata Steel Ltd | Materials | Equity | 1.44% |
| SBI Life Insurance Company Ltd | Financial | Equity | 1.39% |
| Net Receivables | Unspecified | Net Receivables | 1.26% |
| Laurus Labs Ltd | Healthcare | Equity | 1.24% |
| TD Power Systems Ltd | Industrials | Equity | 1.20% |
| 8.2% Tata Capital Housing Finance Limited (25/09/2029) | Financial | Debenture | 1.19% |
| MANAPPURAM FINANCE LIMITED 8.60 NCD 24MR28 FVRS1LAC | Financial | Debenture | 1.18% |
| Shriram Transport Finance Company Ltd | Financial | Equity | 1.17% |
| BAJAJ HOUSING FINANCE LIMITED 7.83 NCD 18MY29 FVRS1LAC | Financial | Non Convertible Debenture | 1.17% |
| CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED SR 662 7.94 NCD 20MR29 FVRS1LAC | Financial | Bonds | 1.17% |
| BAJAJ FINANCE LIMITED 7.77 NCD 17AP29 FVRS1LAC | Financial | Non Convertible Debenture | 1.17% |
| ICICI SECURITIES LIMITED SR 1 7.45 NCD 24NV28 FVRS1LAC | Financial | Debenture | 1.17% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 26D 7.01 BD 16MR29 FVRS1LAC | Financial | Bonds | 1.16% |
| MUTHOOT FINANCE LIMITED OP I 7.88 NCD 22NV28 FVRS1LAC | Financial | Non Convertible Debenture | 1.16% |
| CENTRAL GOVERNMENT LOAN 31280 GOI 17JN32 6.54 FV RS 100 | Entities | GOI Securities | 1.16% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 1.12% |
| Larsen & Toubro Ltd | Industrials | Equity | 1.11% |
| STATE DEVELOPMENT LOAN 36257 HAR 30JL40 7.15 FV RS 100 | Unspecified | State Development Loan | 1.11% |
| Sundaram Finance Ltd. (15/09/2027) ** | Financial | Commercial Paper | 1.10% |
| Zomato Ltd | Technology | Equity | 1.06% |
| Sun Pharmaceutical Industries Ltd | Healthcare | Equity | 1.05% |
| Titan Company Ltd | Consumer Discretionary | Equity | 1.02% |
| Maruti Suzuki India Ltd | Consumer Discretionary | Equity | 0.98% |
| Adani Ports and Special Economic Zone Ltd | Industrials | Equity | 0.95% |
| TVS Motor Company Ltd | Consumer Discretionary | Equity | 0.95% |
| TORRENT PHARMACEUTICALS LTD SR 1 7.45 NCD 19JN28 FVRS1LAC | Healthcare | Debenture | 0.94% |
| Bajaj Finance Ltd | Financial | Equity | 0.94% |
| Hindalco Industries Ltd | Materials | Equity | 0.89% |
| Multi Commodity Exchange Of India Ltd | Financial | Equity | 0.89% |
| Divi's Laboratories Ltd | Healthcare | Equity | 0.86% |
| Infosys Ltd | Technology | Equity | 0.77% |
| Craftsman Automation Ltd | Consumer Discretionary | Equity | 0.77% |
| Tata Consultancy Services Ltd | Technology | Equity | 0.76% |
| Ambuja Cements Ltd | Materials | Equity | 0.74% |
| Sona BLW Precision Forgings Ltd | Consumer Discretionary | Equity | 0.71% |
| LG Electronics India Ltd. | Consumer Discretionary | Equity | 0.70% |
| NTPC Ltd | Energy & Utilities | Equity | 0.67% |
| Avenue Supermarts Ltd | Consumer Staples | Equity | 0.67% |
| Bharat Electronics Ltd | Industrials | Equity | 0.66% |
| Vedanta Aluminium Metal Ltd | Materials | Equity | 0.61% |
| Varun Beverages Ltd | Consumer Staples | Equity | 0.58% |
| KFin Technologies Ltd | Financial | Equity | 0.56% |
| Bharat Petroleum Corporation Ltd | Energy & Utilities | Equity | 0.56% |
| Jindal Steel & Power Ltd | Materials | Equity | 0.55% |
| Central Depository Services (India) Ltd | Financial | Equity | 0.54% |
| Schaeffler India Ltd | Industrials | Equity | 0.54% |
| JSW Steel Ltd | Materials | Equity | 0.53% |
| Pine Labs Ltd. | Technology | Equity | 0.53% |
| Onesource Specialty Pharma Ltd | Healthcare | Equity | 0.53% |
| GOVERNMENT OF INDIA 32584 GOI 06FB33 7.26 FV RS 100 | Entities | GOI Securities | 0.48% |
| Krishna Institute Of Medical Sciences Ltd | Healthcare | Equity | 0.48% |
| MUTHOOT FINANCE LIMITED 8.65 NCD 31JN28 FVRS1LAC | Financial | Debenture | 0.47% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR V 7.51 BD 12JU28 FVRS1LAC | Financial | Bonds | 0.47% |
| JSW Energy Ltd | Energy & Utilities | Equity | 0.46% |
| ITC Ltd | Consumer Staples | Equity | 0.46% |
| Dr. Reddy's Laboratories Ltd | Healthcare | Equity | 0.45% |
| Century Plyboards (India) Ltd | Materials | Equity | 0.45% |
| Kusumgar Ltd. | Consumer Discretionary | Equity | 0.44% |
| Sai Life Sciences Ltd. | Healthcare | Equity | 0.44% |
| Kirloskar Oil Engines Ltd | Industrials | Equity | 0.42% |
| Zinka Logistics Solutions Ltd. | Industrials | Equity | 0.42% |
| Meesho Ltd. | Consumer Discretionary | Equity | 0.42% |
| Foseco India Ltd | Materials | Equity | 0.42% |
| Dr. Lal Pathlabs Ltd | Healthcare | Equity | 0.41% |
| Schloss Bangalore Ltd. | Consumer Discretionary | Equity | 0.38% |
| INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED 7.56 NCD 20MR28 FVRS1LAC | Industrials | Debenture | 0.38% |
| Godrej Consumer Products Ltd | Consumer Staples | Equity | 0.38% |
| Symbiotec Pharmalab Ltd. | Healthcare | Equity | 0.36% |
| Torrent Pharmaceuticals Ltd | Healthcare | Equity | 0.36% |
| Adani Enterprises Ltd | Materials | Equity | 0.36% |
| Tata Motors Ltd | Consumer Discretionary | Equity | 0.35% |
| Milky Mist Dairy Food Ltd. | Consumer Staples | Equity | 0.34% |
| Oil & Natural Gas Corporation Ltd | Energy & Utilities | Equity | 0.34% |
| Apollo Hospitals Enterprise Ltd | Healthcare | Equity | 0.31% |
| JK Cement Ltd | Materials | Equity | 0.31% |
| Aurobindo Pharma Ltd | Healthcare | Equity | 0.31% |
| International Gemmological Institute (India) Ltd. | Consumer Discretionary | Equity | 0.30% |
| Eris Lifesciences Ltd | Healthcare | Equity | 0.29% |
| Vishal Mega Mart Ltd. | Consumer Staples | Equity | 0.28% |
| Campus Activewear Ltd | Consumer Discretionary | Equity | 0.28% |
| Canara Bank | Financial | Equity | 0.28% |
| Ultratech Cement Ltd | Materials | Equity | 0.26% |
| Tech Mahindra Ltd | Technology | Equity | 0.25% |
| Mphasis Ltd | Technology | Equity | 0.25% |
| CARE Ratings Ltd | Industrials | Equity | 0.24% |
| Deepak Nitrite Ltd | Materials | Equity | 0.24% |
| Zensar Technologies Ltd | Technology | Equity | 0.24% |
| Shiprocket Ltd. | Technology | Equity | 0.23% |
| Siemens Energy India Ltd | Energy & Utilities | Equity | 0.23% |
| GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 | Entities | GOI Securities | 0.23% |
| Glenmark Pharmaceuticals Ltd | Healthcare | Equity | 0.22% |
| Go Digit General Insurance Ltd. | Financial | Equity | 0.22% |
| Power Finance Corporation Ltd | Financial | Equity | 0.20% |
| Neogen Chemicals Ltd | Materials | Equity | 0.20% |
| JSW Infrastructure Ltd | Industrials | Equity | 0.19% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25B 7.64 BD 06DC29 FVRS1LAC | Financial | Bonds | 0.19% |
| BSE Ltd | Financial | Equity | 0.18% |
| Eicher Motors Ltd | Consumer Discretionary | Equity | 0.18% |
| Crompton Greaves Consumer Electricals Ltd | Consumer Discretionary | Equity | 0.18% |
| Greenply Industries Ltd | Materials | Equity | 0.17% |
| Gujarat Gas Ltd | Energy & Utilities | Equity | 0.17% |
| Interglobe Aviation Ltd | Industrials | Equity | 0.17% |
| HDFC Life Insurance Co Ltd | Financial | Equity | 0.17% |
| HDFC Asset Management Company Ltd | Financial | Equity | 0.16% |
| Kanohar Electricals Ltd Equity | Industrials | Equity | 0.15% |
| Turtlemint Fintech Solutions Ltd. | Technology | Equity | 0.15% |
| The Federal Bank Ltd | Financial | Equity | 0.14% |
| Atul Ltd | Materials | Equity | 0.13% |
| Nestle India Ltd | Consumer Staples | Equity | 0.13% |
| United Spirits Ltd | Consumer Staples | Equity | 0.11% |
| Tata Power Company Ltd | Energy & Utilities | Equity | 0.08% |
| Bank Of Baroda | Financial | Equity | 0.08% |
| The Indian Hotels Company Ltd | Consumer Discretionary | Equity | 0.08% |
| Bharat Heavy Electricals Ltd | Industrials | Equity | 0.08% |
| Prince Pipes & Fittings Ltd | Industrials | Equity | 0.08% |
| Ashok Leyland Ltd | Industrials | Equity | 0.06% |
| Punjab National Bank | Financial | Equity | 0.05% |
| Cipla Ltd | Healthcare | Equity | 0.04% |
| GSPL Transmission Ltd | Energy & Utilities | Equity | 0.03% |
| Asian Paints Ltd | Materials | Equity | 0.03% |
| Moneyview Ltd. | Financial | Equity | 0.01% |
| Eicher Motors Ltd Futures | Consumer Discretionary | Futures | -0.03% |
| Bajaj Finance Ltd Futures | Financial | Futures | -0.03% |
| Asian Paints Ltd Futures | Materials | Futures | -0.03% |
| Cipla Ltd Futures | Healthcare | Futures | -0.04% |
| Punjab National Bank Futures | Financial | Futures | -0.05% |
| Ashok Leyland Ltd Futures | Industrials | Futures | -0.06% |
| Bharat Heavy Electricals Ltd Futures | Industrials | Futures | -0.08% |
| Indian Hotels Co. Ltd Futures | Consumer Discretionary | Futures | -0.08% |
| Bank Of Baroda Futures | Financial | Futures | -0.08% |
| Tata Power Co. Ltd Futures | Energy & Utilities | Futures | -0.08% |
| United Spirits Ltd Futures | Consumer Staples | Futures | -0.11% |
| Adani Ports and Special Economic Zone Ltd Futures | Industrials | Futures | -0.12% |
| Larsen & Toubro Ltd Futures | Industrials | Futures | -0.13% |
| Nestle India Ltd Futures | Consumer Staples | Futures | -0.13% |
| Federal Bank Ltd Futures | Financial | Futures | -0.14% |
| Shriram Transport Finance Co. Ltd Futures | Financial | Futures | -0.15% |
| HDFC Asset Management Company Ltd Futures | Financial | Futures | -0.16% |
| HDFC Life Insurance Co Ltd Futures | Financial | Futures | -0.17% |
| Divi's Laboratories Ltd Futures | Healthcare | Futures | -0.23% |
| Reliance Industries Ltd Futures | Energy & Utilities | Futures | -0.23% |
| Ambuja Cements Ltd Futures | Materials | Futures | -0.25% |
| Canara Bank Futures | Financial | Futures | -0.28% |
| Maruti Suzuki India Ltd Futures | Consumer Discretionary | Futures | -0.28% |
| Titan Company Ltd Futures | Consumer Discretionary | Futures | -0.29% |
| Aurobindo Pharma Ltd Futures | Healthcare | Futures | -0.31% |
| Tata Motors Ltd Futures | Consumer Discretionary | Futures | -0.35% |
| Adani Enterprises Ltd Futures | Materials | Futures | -0.36% |
| Tata Steel Ltd Futures | Materials | Futures | -0.39% |
| SBI Life Insurance Company Limited | Financial | Futures | -0.53% |
| JSW Steel Ltd Futures | Materials | Futures | -0.53% |
| HDFC Bank Ltd Futures | Financial | Futures | -0.54% |
| Mahindra & Mahindra Ltd Futures | Consumer Discretionary | Futures | -0.55% |
| Hindalco Industries Ltd Futures | Materials | Futures | -0.55% |
| Jindal Steel & Power Ltd Futures | Materials | Futures | -0.55% |
| Sun Pharmaceutical Inds. Ltd Futures | Healthcare | Futures | -0.61% |
| Kotak Mahindra Bank Ltd Futures | Financial | Futures | -0.63% |
| Bharti Airtel Ltd Futures | Technology | Futures | -0.64% |
See All
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹99
Returns and rankings
Annualised returns
Absolute returns
| Name | 6M | 1Y | 3Y | All |
|---|---|---|---|---|
| Fund returns | -0.0% | +1.4% | +9.8% | +10.5% |
| Category average (Hybrid Dynamic Asset Allocation) | -0.4% | -1.7% | +8.6% | +10.8% |
| Rank (Hybrid Dynamic Asset Allocation) | -- | 5 | 13 | -- |
Exit load, stamp duty and tax
Exit load
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Compare similar funds
| Name | 1Y | 3Y | Fund Size(Cr) | |
|---|---|---|---|---|
 | +3.18% | +11.19% | 9,836.35 | |
 | +0.44% | +10.26% | 71,913.46 | |
 | -3.87% | +10.02% | 1,02,533.96 | |
 | +1.12% | +9.88% | 3,703.78 | |
 | -0.62% | +9.87% | 9,532.23 | |
| Compare | ||||
Fund management
HBHarshad BorawakeJul 2022 - PresentView details
HB
Harshad Borawake
Jul 2022 - Present
View details
BBBasant BafnaDec 2025 - PresentView details
BB
Basant Bafna
Dec 2025 - Present
View details
About Mirae Asset Balanced Advantage Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Harshad Borawake is the Current Fund Manager of Mirae Asset Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,27,142 Cr and the Latest NAV as of 21 Oct 2026 is ₹15.09.
The Mirae Asset Balanced Advantage Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days.
;
Investment Objective
The scheme seeks 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.
Fund benchmarkNIFTY 50 Hybrid Composite Debt 50:50 Index
Fund house
Rank (total assets)#13 in India
Total AUM₹2,27,142.09 Cr
Date of Incorporation30 Nov 2007
Launch Date30 Nov 2007
AddressUnit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
CustodianSBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer AgentKFin Tech
Email[email protected]
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,