| Launch date | 21 Jul 2022 |
| Allotment date | 11 Aug 2022 |
| End date | 03 Aug 2022 |
| NAV | ₹10.00 |
A 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.
A 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.
A 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.
A form of tax payable for the purchase or sale of an asset or security.
Inclusive of GST
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days.
0.005% (from July 1st, 2020)
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹99 |
| Rank (total assets) | #13 in India |
|---|---|
| Total AUM | ₹2,24,201.22Cr |
| Date of Incorporation | 30 Nov 2007 |
|---|
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. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Balanced Advantage Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,24,201 Cr and the Latest NAV as of 02 Apr 2026 is ₹14.47. 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. ;
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 benchmark | NIFTY 50 Hybrid Composite Debt 50:50 Index |
|---|
| Hybrid, Dynamic Asset Allocation funds | Rating | 1Y | 3Y | Fund Size(Cr) |
|---|---|---|---|---|
HDFC Balanced Advantage Fund Direct Growth | 5 | 0.4% | 15.5% | 1,07,589.67 |
SBI Balanced Advantage Fund Direct Growth | 5 | 3.9% | 12.7% | 40,952.47 |
DSP Dynamic Asset Allocation Fund Direct Growth | 4 | 3.5% | 12.7% | 3,731.96 |
ICICI Prudential Balanced Advantage Direct Growth | 4 | 5.4% | 12.1% | 71,150.75 |
Nippon India Balanced Advantage Fund Direct Growth | 4 | 2.5% | 12.0% | 9,687.94 |