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Mirae Asset Balanced Advantage Fund(IDCW)

IDCW
13.880.94% (-0.13)
Investment Checklist

Returns

Fund's average annual rolling returns over the last three years is compared against the funds from the same category

Insufficient Data

Expense Ratio

Expense Ratio is the fee paid by investors of Mutual Funds. Fund's expense ratio is compared against the expense ratio of other funds in the same category to check if the fund is charging more or less compared to other funds in the same category

Less expense ratio implies better returns over the long term

Return vs FD Rates

If fund's return is lower than the average fixed deposit rates offered by banks, investors are better off investing the amount in a FD

Insufficient Data

Red Flags

We check for various red flags on fund's portfolio holdings like - ratings for debt securities, pledging of promoter shares in the company, default probabiity of the company, stocks presense in negative lists published by the exchanges etc. Checkout the Holdings section in the Portfolio tab for full list of securties with red flags

Total holdings with red flags is insignificant

Mirae Asset Balanced Advantage Fund(IDCW)

IDCW
HybridDynamic Asset Allocation Fund
Mid-size FundAssets Under Mgmt: ₹ 1,770 Cr
High RiskPrinciple investment will be at high risk
13.880.94% (-0.13)

Price Chart

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Returns
0.00%
1M
6M
1Y
3Y
5Y
Max
SIP
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1M
6M
1Y
3Y
5Y
Max
SIP
Investment Checklist

Returns

Fund's average annual rolling returns over the last three years is compared against the funds from the same category

Insufficient Data

Expense Ratio

Expense Ratio is the fee paid by investors of Mutual Funds. Fund's expense ratio is compared against the expense ratio of other funds in the same category to check if the fund is charging more or less compared to other funds in the same category

Less expense ratio implies better returns over the long term

Return vs FD Rates

If fund's return is lower than the average fixed deposit rates offered by banks, investors are better off investing the amount in a FD

Insufficient Data

Red Flags

We check for various red flags on fund's portfolio holdings like - ratings for debt securities, pledging of promoter shares in the company, default probabiity of the company, stocks presense in negative lists published by the exchanges etc. Checkout the Holdings section in the Portfolio tab for full list of securties with red flags

Total holdings with red flags is insignificant

HybridDynamic Asset Allocation Fund
Mid-size FundAssets Under Mgmt: ₹ 1,770 Cr
High RiskPrinciple investment will be at high risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.6836.722.39
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
1.2945.102.13

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs1.00%
Nil upto 15% of units and 1% for remainng units on or before 365D Nil after 365D
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark
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About Dynamic Asset Allocation Fund

Dynamic asset allocation funds invest across various sector including stocks, bonds, real estate and other equity funds. It can be most suited fund in case of uncertain market. They are less riskier as compared to other equity funds.

Peers & Comparison

Comparing 3 mutual funds from 
HybridDynamic Asset Allocation Fund

Returns

Scheme

Ratios

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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Mirae Asset Balanced Advantage Fund(IDCW)21.10%—16.08%
Edelweiss Balanced Advantage Fund(M-IDCW)17.53%4.66%15.40%
DSP Dynamic Asset Allocation Fund(M-IDCW Reinv)17.69%6.38%4.73%
UTI Balanced Advantage Fund(IDCW)21.46%—18.95%

Price Comparison

Compare Mirae Asset Balanced Advantage Fund(IDCW) with any MF, ETF, stock or index
Compare Mirae Asset Balanced Advantage Fund(IDCW) with any MF, ETF, stock or index
Mirae Asset Balanced Advantage Fund(IDCW)
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Asset Allocation

Actual

Target

Dec 2023

Mar 2024

Jun 2024

Sep 2024

ACTUAL
+1 moreCertificate of DepositCash & EquivalentsCorporate DebtGovernment SecuritiesEquity0.99%1.16%4.58%13.49%13.98%65.81%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Tickertape Separator

Sector Distribution

+43 moreConsumer FinancePublic BanksIT Services & ConsultingPrivate BanksG-Sec57.01 %4.27 %5.64 %5.83 %13.27 %13.98 %

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Tickertape Separator

Sector Weightage

Jun 23Sep 23Dec 23Mar 24Jun 24Sep 2411.62%10.45%11.75%12.43%14.73%13.98%
G-Sec as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Equity

Debt

Others

  • Constituent
    Holding Weight
    3M Change
  • HDFC Bank Ltd
    HDFCBANK
    3M change : -0.51 %

    Holdings

    4.55 %

    -0.51 %
  • ICICI Bank Ltd
    ICICIBANK
    3M change : -0.02 %

    Holdings

    2.65 %

    -0.02 %
  • State Bank of India
    SBIN
    3M change : -0.36 %

    Holdings

    2.38 %

    -0.36 %

AMC Profile

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

  • No.of Schemes

    39

  • Total AUM

    ₹ 1,87,825.69 Cr.

Fund Manager Profile

Harshad Borawake

AUM:  ₹14,280.48 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: —

Mahendra Kumar Jajoo

AUM:  ₹12,644.88 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: 19yrs

Manager Performance (0)

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Tax Implications

Invested period < 1 year

Gains are treated as short-term capital gains and taxed at 20%

Invested period > 1 year

Gains are treated as long-term capital gains and taxed at 12.5%

Let’s calculate your returns after tax

Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.

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Opinions and Fund Reviews

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