Name: Mirae Asset Hybrid Equity Fund Direct IDCW
Brand: Mirae Asset Mutual Fund

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Mirae Asset Hybrid Equity Fund Direct IDCW
Hybrid
Aggressive Hybrid
Very High Risk
38.36%
1Y return
-0.08% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 28 Jul 2021₹18.00
Min. SIP Amount₹1,000
Rating5star
Fund Size₹5,344.90 Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
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 Aggressive Hybrid
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns38.4%15.6%15.4%14.7%
Category average42.2%12.7%12.2%NA
Rank with in category2594NA
Understand termsinfo
Holdings (78)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity5.9%
Infosys Ltd.TechnologyEquity5.5%
ICICI Bank Ltd.FinancialEquity5.1%
Axis Bank Ltd.FinancialEquity3.6%
Tata Consultancy Services Ltd.TechnologyEquity3.6%
GOI
SovereignGOI Sec3.4%
GOI
SovereignGOI Sec2.8%
State Bank of India
FinancialEquity2.5%
GOI
SovereignGOI Sec2.4%
Reliance Industries Ltd.EnergyEquity2.4%
See All
Pros and consCategory: Hybrid Aggressive Hybrid
ProsLower expense ratio - 0.41%
3Y Returns are higher than the category average returns
5Y Returns are higher than the category average returns
Cons1Y Returns are lower than the category average returns
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. 
Expense ratio, exit load and taxExpense ratio: 0.41%Inclusive of GST
Exit loadExit load of 1% if redeemed within 1 year
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 termsinfo
Minimum investment amountsMin. for 1st investment₹1,000
Min. for 2nd investment onwards₹5,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Sep 2016 - Present
View Details
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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 Regular Growth
Mirae Asset Savings Fund Regular IDCW Daily
Mirae Asset Savings Fund Regular Savings Plan IDCW Daily
Mirae Asset Savings Fund Regular Savings Plan IDCW Weekly
Mirae Asset Savings Fund Regular Savings Plan IDCW Quarterly
Mirae Asset Savings Fund Regular Savings Plan IDCW Monthly
Mirae Asset Savings Fund Regular Savings Plan Growth
Mirae Asset Cash Management Fund IDCW Weekly
Mirae Asset Cash Management Fund IDCW Monthly
Mirae Asset Cash Management Fund Growth
Mirae Asset Cash Management Fund IDCW Daily
Mirae Asset Savings Fund Direct Plan Growth
Mirae Asset Savings Fund Direct Plan IDCW Monthly
Mirae Asset Savings Fund Direct Plan IDCW Quarterly
Mirae Asset Savings Fund Direct Plan IDCW Daily
Mirae Asset Savings Fund Direct Plan IDCW Weekly
Mirae Asset Cash Management Fund Direct Growth
Mirae Asset Cash Management Fund Direct IDCW Monthly
Mirae Asset Cash Management Fund Direct IDCW daily
Mirae Asset Cash Management Fund Direct IDCW weekly
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Dynamic Bond Fund Direct IDCW
Mirae Asset Dynamic Bond Fund Regular Growth
Mirae Asset Dynamic Bond Fund Regular IDCW
Mirae Asset Short Term Fund Direct IDCW
Mirae Asset Short Term Fund Direct Growth
Mirae Asset Short Term Fund Regular Growth
Mirae Asset Short Term Fund Regular IDCW
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Regular Growth
Mirae Asset Overnight Fund Direct Growth
Mirae Asset Overnight Fund Direct IDCW Monthly
Mirae Asset Overnight Fund Regular Growth
Mirae Asset Overnight Fund Regular IDCW Daily
Mirae Asset Arbitrage Fund Regular Growth
Mirae Asset Arbitrage Fund Direct Growth
Mirae Asset Arbitrage Fund Direct IDCW
Mirae Asset Arbitrage Fund Regular IDCW
Mirae Asset Banking And PSU Debt Fund Regular Growth
Mirae Asset Banking And PSU Debt Fund Direct IDCW
Mirae Asset Banking And PSU Debt Fund Regular IDCW
Mirae Asset Banking And PSU Debt Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Regular Growth
Mirae Asset Ultra Short Duration Fund Regular IDCW
Mirae Asset Corporate Bond Fund Direct Growth
Mirae Asset Corporate Bond Fund Direct IDCW
Mirae Asset Corporate Bond Fund Regular Growth
Mirae Asset Corporate Bond Fund Regular IDCW
Neelesh Surana
Jul 2015 - Present
View Details
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Education
Mr. Surana is B.E (Mechanical) and MBA in Finance.
Experience
Prior to joining Mirae Asset AMC he has worked with ASK Investment Managers Pvt Ltd.
Also manages these schemes
Mirae Asset Large Cap Fund Regular Growth
Mirae Asset Large Cap Fund Regular IDCW
Mirae Asset Emerging Bluechip Fund Regular IDCW
Mirae Asset Emerging Bluechip Fund Regular Growth
Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Large Cap Fund Direct IDCW
Mirae Asset Emerging Bluechip Fund Direct Growth
Mirae Asset Emerging Bluechip Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Mirae Asset Tax Saver Fund Direct Growth
Mirae Asset Tax Saver Fund Direct IDCW
Mirae Asset Tax Saver Fund Regular IDCW
Mirae Asset Tax Saver Fund Regular Growth
Sudhir Kedia
Apr 2017 - Present
View Details
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Education
Mr. Kedia is CA, CMA and MBA.
Experience
Prior to joining Principal Mutual Fund, he has worked with Mirae Asset Mutual Fund and ASK investment.
Also manages these schemes
Principal Tax Savings Fund
Principal Equity Savings Fund Growth
Principal Equity Savings Fund IDCW Half Yearly
Principal Equity Savings Fund IDCW Quarterly
Principal Personal Tax Saver Fund
Principal Equity Savings Fund Direct IDCW Half Yearly
Principal Equity Savings Fund Direct IDCW Quarterly
Principal Equity Savings Fund Direct Growth
Principal Personal Tax Saver Fund Direct
Principal Tax Savings Fund Direct
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Principal Tax Savings Direct IDCW Half Yearly
Principal Tax Savings Regular IDCW Half Yearly
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Principal Midcap Fund Direct Growth
Principal Midcap Fund Regular Growth
Principal Midcap Fund Regular IDCW
Principal Large Cap Fund Regular Growth
Principal Large Cap Fund Direct Growth
Harshad Borawake
Apr 2020 - Present
View Details
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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 Regular Growth
Mirae Asset Large Cap Fund Regular IDCW
Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Large Cap Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Vrijesh Kasera
Apr 2020 - Present
View Details
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Education
Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Experience
Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
Also manages these schemes
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct IDCW
Mirae Asset Hybrid Equity Fund Regular Growth
Mirae Asset Hybrid Equity Fund Regular IDCW
Mirae Asset Healthcare Fund Direct Growth
Mirae Asset Healthcare Fund Direct IDCW
Mirae Asset Healthcare Fund Regular Growth
Mirae Asset Healthcare Fund Regular IDCW
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Equity Savings Fund Direct IDCW
Mirae Asset Equity Savings Fund Regular Growth
Mirae Asset Equity Savings Fund Regular IDCW
Fund house & investment objective
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Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM70,165.29 Cr
Date of Incorporation30 Nov 2007
Mirae Asset Hybrid Equity Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to inves
Mirae Asset Hybrid Equity Fund Direct IDCW is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Mahendra Jajoo, Neelesh Surana, Sudhir Kedia is the Current Fund Manager of Mirae Asset Hybrid Equity Fund Direct IDCW fund.The fund currently has an Asset Under Management(AUM) of ₹70,165 Cr and the Latest NAV as of 28 Jul 2021 is ₹18.00.
The Mirae Asset Hybrid Equity Fund Direct IDCW is rated Very High risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 1 year...Read more
Investment Objective
The Scheme seeks to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt 
The Scheme seeks to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt and money market instruments.
...Read more
Fund benchmarkCRISIL Hybrid 35+65 Aggressive
descriptionScheme Information Document(SID)
Fund house contact details
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Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
E-mail
[email protected]
Website
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,
Email
[email protected]
Website
www.karvymfs.com
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	1Y	3Y	5Y	All
Fund returns	38.4%	15.6%	15.4%	14.7%
Category average	42.2%	12.7%	12.2%	NA
Rank with in category	25	9	4	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	5.9%
Infosys Ltd.	Technology	Equity	5.5%
ICICI Bank Ltd.	Financial	Equity	5.1%
Axis Bank Ltd.	Financial	Equity	3.6%
Tata Consultancy Services Ltd.	Technology	Equity	3.6%
GOI	Sovereign	GOI Sec	3.4%
GOI	Sovereign	GOI Sec	2.8%
State Bank of India	Financial	Equity	2.5%
GOI	Sovereign	GOI Sec	2.4%
Reliance Industries Ltd.	Energy	Equity	2.4%

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

Rating	5
Fund Size	₹5,344.90 Cr