MIRAE ASSET
HYBRID EQUITY FUND - (MAHEF)
(Aggressive Hybrid Fund - An open ended hybrid scheme investing predominantly in equity and equity related instruments) | Type of Scheme | Aggressive Hybrid Fund - An open ended hybrid scheme investing predominantly in equity and equity related instruments |
| Investment Objective | The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity & equity related instruments and balance in debt and money market instruments. The Scheme does not guarantee or assure any returns |
Fund Manager** |
Mr. Neelesh Surana (Equity Portion) (since July 29, 2015) & Mr. Mahendra Jajoo (Debt Portion) (since September 8, 2016) Mr.Vrijesh Kasera (Since April 01, 2020) Mr. Harshad Borawake (Equity Portion) (April 01, 2020) |
| Allotment Date | 29th July, 2015 |
| Benchmark Index | CRISIL Hybrid 35+65 -Aggressive Index |
| Minimum Investment Amount |
₹5,000/- and in multiples of ₹1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹1/- thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: Minimum of ₹1000/- (multiples of ₹1/- thereafter), minimum 5 installments. |
| Load Structure | Entry load: NA Exit load: I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): •If redeemed within 1 year (365 days) from the date of allotment: 1% •If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): •If redeemed within 1 year (365 days) from the date of allotment: 1% •If redeemed after 1 year (365 days) from the date of allotment: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and Dividend Option (Payout & Re-investment) For Mirae Asset Tax Saver Fund only growth and dividend payout option are available. |
| Monthly Average AUM (₹ Cr.) as on August 31, 2020 | 3,728.77 |
| Net AUM (₹ Cr.) | 3,749.41 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on August 31, 2020 |
Regular Plan: 1.91% Direct Plan: 0.40% |
| ANY DATE SIP provides one of the better investment experiences by allowing the investor to choose any investment date of the month (i.e., from 1st to 28th) depending upon the investors' expense and income flow. | |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct Plan | Regular Plan |
| Growth Option | ₹ 16.824 | ₹ 15.425 |
| Dividend Option | ₹ 14.390 | ₹ 12.613 |
| Volatility | 15.64% |
| Beta: | 0.96 |
| R Squared | 0.97 |
| Sharpe Ratio#: | 0.13 |
| Information Ratio | -0.34 |
| Portfolio Turnover Ratio^ | 1.34 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 31st August 2020.^Basis last rolling 12 months. |
|
Weighted Average Maturity |
6.05 Years |
Modified Duration |
4.61 Years |
Macaulay Duration |
4.89 Years |
Yield to Maturity |
5.96% |
| Record Date | Dividend (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
17-Jul-17 |
0.25 per Unit |
10 |
12.215 |
06-Nov-17 |
0.20 per Unit |
10 |
12.720 |
19-Feb-19 |
0.80 per Unit |
10 |
12.831 |
16-Dec-19 |
0.80 per Unit |
10 |
13.381 |
Past Performance may or may not be sustained in future. Pursuant to payment of dividend the NAV of the dividend option of the scheme will fall to the extent of payout and statutory levy (if any). Dividend history is for MAHEF- Regular Plan - Dividend Option
| New Position Bought |
| Stock |
| Consumer Non Durables |
| Emami Limited |
| Pharmaceuticals |
| Lupin Limited |
| Positions Exited |
| Stock |
| Gas |
| GAIL (India) Limited |
| Petroleum Products |
| Indian Oil Corporation Limited |
| Software |
| Info Edge (India) Limited |
| Positions Increased |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| Consumer Non Durables |
| Hindustan Unilever Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Housing Development Finance Corporation Limited |
| Max Financial Services Limited |
| Gas |
| Gujarat State Petronet Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Hindustan Petroleum Corporation Limited |
| Reliance Industries Limited |
| Pharmaceuticals |
| Dr. Reddy's Laboratories Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Textile Products |
| Page Industries Limited |
| Positions Decreased |
| Stock |
| Banks |
| IndusInd Bank Limited |
| Chemicals |
| Tata Chemicals Limited |
| Consumer Non Durables |
| Tata Consumer Products Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| SBI Life Insurance Company Limited |
| Industrial Capital Goods |
| Bharat Electronics Limited |
| Pharmaceuticals |
| Aurobindo Pharma Limited |
| Biocon Limited |
| Sun Pharmaceutical Industries Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 6.45% |
| ICICI Bank Ltd | 4.29% |
| Axis Bank Ltd | 3.51% |
| State Bank of India | 2.89% |
| IndusInd Bank Ltd | 0.61% |
| Kotak Mahindra Bank Ltd | 0.12% |
| Petroleum Products | |
| Reliance Industries Ltd* | 8.00% |
| Bharat Petroleum Corporation Ltd | 1.31% |
| Hindustan Petroleum Corporation Ltd | 1.09% |
| Software | |
| Infosys Ltd | 4.27% |
| Tata Consultancy Services Ltd | 3.70% |
| MindTree Ltd | 0.31% |
| Finance | |
| Housing Development Finance Corporation Ltd | 2.03% |
| Power Finance Corporation Ltd | 1.32% |
| Max Financial Services Ltd | 1.26% |
| HDFC Life Insurance Company Ltd | 1.20% |
| SBI Life Insurance Company Ltd | 1.08% |
| SBI Cards and Payment Services Ltd | 0.46% |
| Equitas Holdings Ltd | 0.14% |
| Consumer Non Durables | |
| ITC Ltd | 2.71% |
| Hindustan Unilever Ltd | 1.72% |
| Tata Consumer Products Ltd | 0.71% |
| Dabur India Ltd | 0.52% |
| Emami Ltd | 0.46% |
| Asian Paints Ltd | 0.09% |
| Pharmaceuticals | |
| Divi's Laboratories Ltd | 1.02% |
| Dr. Reddy's Laboratories Ltd | 1.02% |
| Sun Pharmaceutical Industries Ltd | 0.97% |
| Aurobindo Pharma Ltd | 0.67% |
| Torrent Pharmaceuticals Ltd | 0.62% |
| Lupin Ltd | 0.52% |
| Biocon Ltd | 0.28% |
| Construction Project | |
| Larsen & Toubro Ltd | 2.60% |
| Auto | |
| Maruti Suzuki India Ltd | 1.90% |
| Ashok Leyland Ltd | 0.54% |
| Consumer Durables | |
| Voltas Ltd | 1.16% |
| Havells India Ltd | 0.68% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.74% |
| Power | |
| NTPC Ltd | 1.74% |
| Auto Ancillaries | |
| Balkrishna Industries Ltd | 0.83% |
| CEAT Ltd | 0.31% |
| Textile Products | |
| Page Industries Ltd | 0.92% |
| Gas | |
| Gujarat State Petronet Ltd | 0.90% |
| Industrial Capital Goods | |
| Bharat Electronics Ltd | 0.77% |
| Ferrous Metals | |
| Tata Steel Ltd | 0.70% |
| Retailing | |
| Avenue Supermarts Ltd | 0.40% |
| Aditya Birla Fashion and Retail Ltd | 0.28% |
| Healthcare Services | |
| Dr. Lal Path Labs Ltd | 0.53% |
| Industrial Products | |
| SRF Ltd | 0.41% |
| Construction | |
| Kajaria Ceramics Ltd | 0.31% |
| Chemicals | |
| Tata Chemicals Ltd | 0.21% |
| Transportation | |
| Gateway Distriparks Ltd | 0.16% |
| Cement | |
| UltraTech Cement Ltd | 0.16% |
| Equity Holding Total | 72.61% |
| Government Bond | |
| 5.79% GOI (11/05/2030) | 5.88% |
| 6.18% GOI (04/11/2024) | 2.75% |
| 7.27% GOI (08/04/2026) | 1.71% |
| 5.77% GOI (03/08/2030) | 1.56% |
| 5.22% GOI (15/06/2025) | 0.53% |
| 6.19% GOI (16/09/2034) | 0.26% |
| Government Bond Total | 12.68% |
| Corporate Bond | |
| 9% Muthoot Fin Ltd (19/04/2023) | 0.74% |
| 9.75% Muthoot Finance Ltd (27/02/23) | 0.70% |
| 7.70% REC Ltd (10/12/2027) | 0.28% |
| 7.41% Power Fin Corp Ltd (25/02/2030) | 0.27% |
| 8.90% Aadhar Housing Fin Ltd (26/03/2021) | 0.27% |
| 9.1899% Indostar Cap Fin Ltd (27/03/21) | 0.16% |
| 8.05% NTPC Ltd (05/05/2026) | 0.15% |
| 7.45% LIC Hsg Fin Ltd (17/10/2022) | 0.14% |
| 7.55% REC Ltd (26/09/2023) | 0.14% |
| 7.55% REC Ltd (26/09/2022) | 0.14% |
| 7.6% LIC Hsg Fin Ltd (22/11/2022) | 0.14% |
| 7.43% HDB Fin Ltd (28/09/2020) | 0.08% |
| 8.595% LIC Hsg Fin (14/01/2022) | 0.07% |
| 7.9% Piramal Enterprise Ltd (14/09/2020) | 0.07% |
| 8.92% L&T Finance Ltd (06/10/2021) | 0.07% |
| 7.47% Power Fin Corp Ltd (16/09/2021) | 0.05% |
| Corporate Bond Total | 3.45% |
| Exchange Traded Funds | |
| Mirae Asset Nifty 50 ETF | 2.21% |
| Exchange Traded Funds Total | 2.21% |
| Treasury Bill | |
| 91 Days Tbill (15/10/2020) | 1.33% |
| Treasury Bill Total | 1.33% |
| Certificate of Deposit | |
| Punjab National Bank (10/09/2020) | 0.27% |
| Bank of Baroda (16/10/2020) | 0.27% |
| Certificate of Deposit Total | 0.53% |
| REIT | |
| Mindspace Business Parks REIT | 0.43% |
| REIT Total | 0.43% |
| State Government Bond | |
| 7.74% Tamilnadu UDAY (22/02/2024) | 0.28% |
| State Government Bond | 0.28% |
| Zero Coupon Bond | |
| Edelweiss Rur & Corp Serv Ltd (15/04/2021) | 0.22% |
| Zero Coupon Bond Total | 0.22% |
| Cash & Other Receivables Total | 6.24% |
| Total | 100.00% |
*Includes "Partly Paid Shares"
| Returns (%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MAHEF | 6.57 |
5.75 |
9.66 |
8.88 |
| Scheme Benchmark* | 9.13 |
6.71 |
9.43 |
8.72 |
| Additional Benchmark** | 4.60 |
8.04 |
9.39 |
8.20 |
| NAV as on 31st August, 2020 | 15.425 | |||
| Index Value (31st August, 2020) | Index Value of Scheme benchmark is 10161.19 and S&P BSE Sensex (TRI) is 56932.37 | |||
| Allotment Date | 29th July, 2015 | |||
| Scheme Benchmark | *CRISIL Hybrid 35+65 -Aggressive Index | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Mr. Neelesh Surana (Equity Portion) (since 29th July, 2015) & Mr. Mahendra Jajoo (Debt Portion) (since 8 September, 2016) Mr.Vrijesh Kasera(Since April 01, 2020), Mr. Harshad Borawake (Equity Portion)( April 01, 2020)
| Period | Total Amount Invested | Mkt Value as on 31-August-2020 |
SI |
610,000 |
754,438 |
3 Yrs |
600,000 |
739,137 |
1 Yr |
360,000 |
394,581 |
1 Yr |
1,20,000 |
128,547 |
Returns (%) |
Period |
|||
SI |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
8.29 |
8.27 |
6.04 |
13.47 |
Benchmark Return& (%) |
8.72 |
8.73 |
7.32 |
14.11 |
Add. Benchmark Return& (%) |
8.92 |
8.96 |
6.23 |
13.78 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
This product is suitable for investors who are seeking*
• Capital appreciation along with current income over long term
• Aggressive hybrid fund investing predominantly In equites & equity related instruments with balance exposure to debt & money market instruments
• Degree of risk – MODERATELY HIGH
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund managers are given in the respective page of the schemes 