How to Invest in Mirae Asset Balanced Advantage Fund Direct IDCW?

You can easily invest in Mirae Asset Balanced Advantage Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Balanced Advantage Fund Direct IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Balanced Advantage Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Balanced Advantage Fund Direct IDCW provide?

The Mirae Asset Balanced Advantage Fund Direct IDCW has been there from 11 Aug 2022 and the average annual returns provided by this fund is 16.27% since its inception.

How much expense ratio is charged by Mirae Asset Balanced Advantage Fund Direct IDCW?

The term Expense Ratio used for Mirae Asset Balanced Advantage Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Balanced Advantage Fund Direct IDCW is 0.73% as of 09 Dec 2023...

What is the AUM of Mirae Asset Balanced Advantage Fund Direct IDCW?

The AUM, short for Assets Under Management of Mirae Asset Balanced Advantage Fund Direct IDCW is ₹1,253.20Cr as of 09 Dec 2023.

How to Redeem Mirae Asset Balanced Advantage Fund Direct IDCW?

If you want to sell your Mirae Asset Balanced Advantage Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Balanced Advantage Fund Direct IDCW?

You can select either SIP or Lumpsum investment of Mirae Asset Balanced Advantage Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Balanced Advantage Fund Direct IDCW?

The NAV of Mirae Asset Balanced Advantage Fund Direct IDCW is ₹12.07 as of 08 Dec 2023.

What is the PE and PB ratio of Mirae Asset Balanced Advantage Fund Direct IDCW?

The PE ratio ratio of Mirae Asset Balanced Advantage Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Balanced Advantage Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

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Mirae Asset Balanced Advantage Fund Direct IDCW
Hybrid
Dynamic Asset Allocation
Very High Risk
1M
6M
1Y
All
 NAV: 08 Dec 2023₹12.07
Min. SIP amount₹1,000
RatingNA
Fund size₹1,253.20Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Hybrid Dynamic Asset Allocation
Absolute returns
3M6M1YAll
Fund returns2.3%9.6%13.0%16.5%
Category averageNANA14.0%NA
Rank with in category201410NA
Understand terms
Holdings (102)NameSectorInstrumentAssets
GOI
SovereignGOI Sec5.6%
HDFC Bank Ltd.
FinancialEquity4.9%
ICICI Bank Ltd.
FinancialEquity4.3%
GOI
SovereignGOI Sec3.8%
Reliance Industries Ltd.
EnergyEquity2.9%
State Bank of India
FinancialEquity2.4%
Infosys Ltd.
TechnologyEquity2.3%
Larsen & Toubro Ltd.
ConstructionEquity2.2%
Bharti Airtel Ltd.
CommunicationEquity2.0%
Cholamandalam Investment and Finance Company Ltd.
FinancialDebenture2.0%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Nov 2023 - Present
0.73%
29 Nov 2023 - 30 Nov 2023
0.73%
28 Nov 2023 - 29 Nov 2023
0.73%
27 Nov 2023 - 28 Nov 2023
0.73%
26 Nov 2023 - 27 Nov 2023
0.73%
25 Nov 2023 - 26 Nov 2023
0.73%
24 Nov 2023 - 25 Nov 2023
0.73%
23 Nov 2023 - 24 Nov 2023
0.73%
22 Nov 2023 - 23 Nov 2023
0.73%
21 Nov 2023 - 22 Nov 2023
0.74%
20 Nov 2023 - 21 Nov 2023
0.74%
19 Nov 2023 - 20 Nov 2023
0.74%
18 Nov 2023 - 19 Nov 2023
0.74%
17 Nov 2023 - 18 Nov 2023
0.74%
16 Nov 2023 - 17 Nov 2023
0.74%
15 Nov 2023 - 16 Nov 2023
0.74%
14 Nov 2023 - 15 Nov 2023
0.74%
13 Nov 2023 - 14 Nov 2023
0.74%
12 Nov 2023 - 13 Nov 2023
0.74%
11 Nov 2023 - 12 Nov 2023
0.74%
10 Nov 2023 - 11 Nov 2023
0.74%
09 Nov 2023 - 10 Nov 2023
0.74%
08 Nov 2023 - 09 Nov 2023
0.74%
07 Nov 2023 - 08 Nov 2023
0.74%
06 Nov 2023 - 07 Nov 2023
0.74%
05 Nov 2023 - 06 Nov 2023
0.75%
04 Nov 2023 - 05 Nov 2023
0.75%
03 Nov 2023 - 04 Nov 2023
0.75%
02 Nov 2023 - 03 Nov 2023
0.75%
01 Nov 2023 - 02 Nov 2023
0.75%
31 Oct 2023 - 01 Nov 2023
0.75%
30 Oct 2023 - 31 Oct 2023
0.75%
29 Oct 2023 - 30 Oct 2023
0.75%
28 Oct 2023 - 29 Oct 2023
0.75%
27 Oct 2023 - 28 Oct 2023
0.75%
26 Oct 2023 - 27 Oct 2023
0.75%
25 Oct 2023 - 26 Oct 2023
0.75%
24 Oct 2023 - 25 Oct 2023
0.75%
23 Oct 2023 - 24 Oct 2023
0.75%
22 Oct 2023 - 23 Oct 2023
0.75%
21 Oct 2023 - 22 Oct 2023
0.75%
20 Oct 2023 - 21 Oct 2023
0.75%
19 Oct 2023 - 20 Oct 2023
0.75%
18 Oct 2023 - 19 Oct 2023
0.75%
17 Oct 2023 - 18 Oct 2023
0.75%
16 Oct 2023 - 17 Oct 2023
0.74%
15 Oct 2023 - 16 Oct 2023
0.74%
14 Oct 2023 - 15 Oct 2023
0.74%
13 Oct 2023 - 14 Oct 2023
0.74%
12 Oct 2023 - 13 Oct 2023
0.74%
11 Oct 2023 - 12 Oct 2023
0.74%
10 Oct 2023 - 11 Oct 2023
0.74%
09 Oct 2023 - 10 Oct 2023
0.75%
08 Oct 2023 - 09 Oct 2023
0.74%
07 Oct 2023 - 08 Oct 2023
0.74%
06 Oct 2023 - 07 Oct 2023
0.75%
05 Oct 2023 - 06 Oct 2023
0.75%
04 Oct 2023 - 05 Oct 2023
0.75%
03 Oct 2023 - 04 Oct 2023
0.75%
02 Oct 2023 - 03 Oct 2023
0.75%
01 Oct 2023 - 02 Oct 2023
0.75%
30 Sep 2023 - 01 Oct 2023
0.75%
29 Sep 2023 - 30 Sep 2023
0.75%
28 Sep 2023 - 29 Sep 2023
0.75%
27 Sep 2023 - 28 Sep 2023
0.75%
26 Sep 2023 - 27 Sep 2023
0.75%
25 Sep 2023 - 26 Sep 2023
0.75%
24 Sep 2023 - 25 Sep 2023
0.75%
23 Sep 2023 - 24 Sep 2023
0.75%
22 Sep 2023 - 23 Sep 2023
0.75%
21 Sep 2023 - 22 Sep 2023
0.75%
20 Sep 2023 - 21 Sep 2023
0.75%
19 Sep 2023 - 20 Sep 2023
0.75%
18 Sep 2023 - 19 Sep 2023
0.75%
17 Sep 2023 - 18 Sep 2023
0.75%
16 Sep 2023 - 17 Sep 2023
0.75%
15 Sep 2023 - 16 Sep 2023
0.75%
14 Sep 2023 - 15 Sep 2023
0.75%
13 Sep 2023 - 14 Sep 2023
0.75%
12 Sep 2023 - 13 Sep 2023
0.75%
11 Sep 2023 - 12 Sep 2023
0.75%
10 Sep 2023 - 11 Sep 2023
0.75%
09 Sep 2023 - 10 Sep 2023
0.75%
08 Sep 2023 - 09 Sep 2023
0.75%
07 Sep 2023 - 08 Sep 2023
0.75%
06 Sep 2023 - 07 Sep 2023
0.75%
05 Sep 2023 - 06 Sep 2023
0.75%
04 Sep 2023 - 05 Sep 2023
0.75%
03 Sep 2023 - 04 Sep 2023
0.75%
02 Sep 2023 - 03 Sep 2023
0.75%
01 Sep 2023 - 02 Sep 2023
0.75%
31 Aug 2023 - 01 Sep 2023
0.75%
31 Jul 2023 - 31 Aug 2023
0.65%
30 Jun 2023 - 31 Jul 2023
0.79%
31 May 2023 - 30 Jun 2023
0.80%
30 Apr 2023 - 31 May 2023
0.76%
31 Mar 2023 - 30 Apr 2023
0.89%
28 Feb 2023 - 31 Mar 2023
0.82%
31 Jan 2023 - 28 Feb 2023
0.82%
31 Dec 2022 - 31 Jan 2023
0.85%
31 Dec 2022 - 31 Dec 2022
0.85%
31 Dec 2022 - 31 Dec 2022
0.85%
30 Nov 2022 - 31 Dec 2022
0.85%
30 Nov 2022 - 30 Nov 2022
0.85%
30 Nov 2022 - 30 Nov 2022
0.85%
31 Oct 2022 - 30 Nov 2022
0.81%
31 Oct 2022 - 31 Oct 2022
0.81%
31 Oct 2022 - 31 Oct 2022
0.81%
30 Sep 2022 - 31 Oct 2022
0.82%
30 Sep 2022 - 30 Sep 2022
0.82%
30 Sep 2022 - 30 Sep 2022
0.82%
31 Aug 2022 - 30 Sep 2022
0.83%
31 Aug 2022 - 31 Aug 2022
0.83%
Expense ratio, exit load and taxExpense ratio: 0.73%Inclusive of GST
Exit loadFor units in excess of 15% of the investment,1% will be charged for redemption within 365 days
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Jul 2022 - Present
View details
Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Also manages these schemes
Mirae Asset Savings Fund Direct Plan Growth
Mirae Asset Cash Management Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Short Term Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct Growth
Mirae Asset Overnight Fund Direct Growth
Mirae Asset Arbitrage Fund Direct Growth
Mirae Asset Banking and PSU Debt Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Corporate Bond Fund Direct Growth
Mirae Asset Money Market Fund Direct Growth
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth
Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund Direct Growth
Mirae Asset Nifty SDL June 2028 Index Fund Direct Growth
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
Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth
Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹1,02,127.67Cr
Date of Incorporation26 Apr 2019
 Mirae Asset Balanced Advantage Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 26 Apr 2019. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Balanced Advantage Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹1,02,128 Cr and the Latest NAV as of 08 Dec 2023 is ₹12.07.
The Mirae Asset Balanced Advantage Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. For units in excess of 15% of the investment,1% will be charged for redemption within 365 days
;
Investment ObjectiveThe 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
Scheme Information Document(SID)
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
26 Apr 2019
E-mail
[email protected]
Website
www.miraeassetmf.co.in
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,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Mirae Asset Balanced Advantage Fund Direct IDCW
VS
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	3M	6M	1Y	All
Fund returns	2.3%	9.6%	13.0%	16.5%
Category average	NA	NA	14.0%	NA
Rank with in category	20	14	10	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	5.6%
HDFC Bank Ltd.	Financial	Equity	4.9%
ICICI Bank Ltd.	Financial	Equity	4.3%
GOI	Sovereign	GOI Sec	3.8%
Reliance Industries Ltd.	Energy	Equity	2.9%
State Bank of India	Financial	Equity	2.4%
Infosys Ltd.	Technology	Equity	2.3%
Larsen & Toubro Ltd.	Construction	Equity	2.2%
Bharti Airtel Ltd.	Communication	Equity	2.0%
Cholamandalam Investment and Finance Company Ltd.	Financial	Debenture	2.0%

Rank (total assets)	#13 in India
Total AUM	₹1,02,127.67Cr

Date of Incorporation	26 Apr 2019

Fund benchmark	NIFTY 50 Hybrid Composite debt 50:50 Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹1,253.20Cr

Mirae Asset Balanced Advantage Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (102)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.73%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Mahendra Kumar JajooJul 2022 - PresentView details

Harshad BorawakeJul 2022 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Mahendra Kumar Jajoo
Jul 2022 - Present
View details

Harshad Borawake
Jul 2022 - Present
View details