MIRAE ASSET
BALANCED ADVANTAGE FUND - (MABAF)$
(Balanced Advantage Fund - An open-ended Dynamic Asset Allocation Fund)
| Type of Scheme | Balanced Advantage Fund - An open-ended Dynamic Asset Allocation Fund |
| Investment Objective | The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the scheme will be realized. |
Fund Managers** |
Mr. Harshad Borawake
(Equity portion) (since August 11, 2022) and Mr. Mahendra Jajoo (Debt portion) (since August 11, 2022) |
| Allotment Date | 11th August, 2022 |
| Benchmark Index | Nifty 50 Hybrid Composite Debt 50:50 Index |
| Minimum Investment Amount |
₹ 5,000/- (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: ₹ 1,000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. |
| 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 IDCW^ Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on November 30, 2022 | 907.69 |
| Net AUM (₹ Cr.) |
934.68 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on November 30, 2022 |
Regular Plan: 2.29% Direct Plan: 0.85% |
| **For experience of Fund Managers Click Here | |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. | |
| NAV: | Direct | Regular |
| Growth | ₹ 10.396 | ₹ 10.348 |
| IDCW^ | ₹ 10.395 | ₹ 10.346 |
Weighted Average Maturity |
4.19 Years |
Modified Duration |
3.28 Years |
Macaulay Duration |
3.52 Years |
Yield to Maturity |
7.45% |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 4.98% |
| ICICI Bank Ltd | 4.80% |
| Axis Bank Ltd | 2.10% |
| State Bank of India | 2.05% |
| Kotak Mahindra Bank Ltd | 0.67% |
| Canara Bank | 0.55% |
| Bandhan Bank Ltd | 0.54% |
| IndusInd Bank Ltd | 0.45% |
| Bank of Baroda | 0.27% |
| IT - Software | |
| Infosys Ltd | 2.90% |
| HCL Technologies Ltd | 1.66% |
| Tata Consultancy Services Ltd | 1.41% |
| Larsen & Toubro Infotech Ltd | 0.38% |
| MphasiS Ltd | 0.15% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.53% |
| Bharat Petroleum Corporation Ltd | 0.53% |
| Hindustan Petroleum Corporation Ltd | 0.21% |
| Consumer Durables | |
| Titan Company Ltd | 0.98% |
| Havells India Ltd | 0.65% |
| Voltas Ltd | 0.57% |
| Asian Paints Ltd | 0.46% |
| Crompton Greaves Consumer Electricals Ltd | 0.37% |
| Kajaria Ceramics Ltd | 0.36% |
| Bata India Ltd | 0.36% |
| Greenply Industries Ltd | 0.21% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.65% |
| Biocon Ltd | 0.81% |
| Aurobindo Pharma Ltd | 0.47% |
| Dr. Reddy's Laboratories Ltd | 0.42% |
| Divi's Laboratories Ltd | 0.29% |
| JB Chemicals & Pharmaceuticals Ltd | 0.25% |
| Abbott India Ltd | 0.02% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.51% |
| Tata Motors Ltd | 1.00% |
| TVS Motor Company Ltd | 0.66% |
| Finance | |
| SBI Cards and Payment Services Ltd | 0.83% |
| Shriram Transport Finance Company Ltd | 0.78% |
| Power Finance Corporation Ltd | 0.49% |
| CreditAccess Grameen Ltd | 0.20% |
| Can Fin Homes Ltd | 0.13% |
| Fusion Micro Finance Ltd | 0.12% |
| Diversified FMCG | |
| ITC Ltd | 1.53% |
| Hindustan Unilever Ltd | 0.82% |
| Personal Products | |
| Dabur India Ltd | 0.99% |
| Emami Ltd | 0.63% |
| Marico Ltd | 0.45% |
| Insurance | |
| SBI Life Insurance Company Ltd | 0.99% |
| ICICI Lombard General Insurance Company Ltd | 0.74% |
| Max Financial Services Ltd | 0.31% |
| Auto Components | |
| Craftsman Automation Ltd | 0.63% |
| CEAT Ltd | 0.47% |
| Sona BLW Precision Forgings Ltd | 0.44% |
| S.J.S. Enterprises Ltd | 0.11% |
| Balkrishna Industries Ltd | 0.10% |
| Retailing | |
| Electronics Mart India Ltd | 0.80% |
| Trent Ltd | 0.53% |
| Zomato Ltd | 0.40% |
| Construction | |
| Larsen & Toubro Ltd | 1.72% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 0.76% |
| UltraTech Cement Ltd | 0.58% |
| JK Cement Ltd | 0.35% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.43% |
| Power | |
| NTPC Ltd | 0.83% |
| Tata Power Company Ltd | 0.52% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.09% |
| JSW Steel Ltd | 0.03% |
| Jindal Steel & Power Ltd | 0.03% |
| Industrial Manufacturing | |
| Kaynes Technology India Ltd | 0.86% |
| Honeywell Automation India Ltd | 0.23% |
| Chemicals & Petrochemicals | |
| SRF Ltd | 0.64% |
| Tata Chemicals Ltd | 0.41% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.69% |
| MTAR Technologies Ltd | 0.30% |
| Food Products | |
| Nestle India Ltd | 0.64% |
| Britannia Industries Ltd | 0.34% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.44% |
| Apollo Hospitals Enterprise Ltd | 0.24% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 0.59% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.58% |
| Diversified Metals | |
| Vedanta Ltd | 0.53% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.45% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.40% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.30% |
| Realty | |
| DLF Ltd | 0.26% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.23% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.22% |
| Transport Services | |
| Gateway Distriparks Ltd | 0.22% |
| Beverages | |
| United Spirits Ltd | 0.19% |
| Equity Holding Total | 67.81% |
| Equity Futures | |
| Abbott India Ltd December 2022 Future | -0.02% |
| Jindal Steel & Power Ltd December 2022 Future | -0.03% |
| JSW Steel Ltd December 2022 Future | -0.03% |
| MphasiS Ltd December 2022 Future | -0.16% |
| United Spirits Ltd December 2022 Future | -0.19% |
| Ashok Leyland Ltd December 2022 Future | -0.22% |
| Larsen & Toubro Ltd December 2022 Future | -0.23% |
| Apollo Hospitals Enterprise Ltd December 2022 Future | -0.24% |
| DLF Ltd December 2022 Future | -0.26% |
| SRF Ltd December 2022 Future | -0.33% |
| Hindustan Unilever Ltd December 2022 Future | -0.34% |
| SBI Life Insurance Company Ltd December 2022 Future | -0.36% |
| Tata Chemicals Ltd December 2022 Future | -0.41% |
| Dr. Reddy's Laboratories Ltd December 2022 Future | -0.42% |
| IndusInd Bank Ltd December 2022 Future | -0.45% |
| Zee Entertainment Enterprises Ltd December 2022 Future | -0.45% |
| Asian Paints Ltd December 2022 Future | -0.46% |
| Voltas Ltd December 2022 Future | -0.50% |
| Tata Power Company Ltd December 2022 Future | -0.52% |
| Trent Ltd December 2022 Future | -0.53% |
| Tata Steel Ltd December 2022 Future | -0.53% |
| Tata Motors Ltd December 2022 Future | -0.53% |
| ITC Ltd December 2022 Future | -0.53% |
| Vedanta Ltd December 2022 Future | -0.54% |
| Bandhan Bank Ltd December 2022 Future | -0.54% |
| Maruti Suzuki India Ltd December 2022 Future | -0.54% |
| Canara Bank December 2022 Future | -0.55% |
| Dabur India Ltd December 2022 Future | -0.56% |
| Titan Company Ltd December 2022 Future | -0.57% |
| Biocon Ltd December 2022 Future | -0.58% |
| UltraTech Cement Ltd December 2022 Future | -0.59% |
| Adani Ports and Special Economic Zone Ltd December 2022 Future | -0.59% |
| HDFC Bank Ltd December 2022 Future | -0.60% |
| Sun Pharmaceutical Industries Ltd December 2022 Future | -0.63% |
| Nestle India Ltd December 2022 Future | -0.64% |
| HCL Technologies Ltd December 2022 Future | -0.87% |
| Reliance Industries Ltd December 2022 Future | -0.91% |
| ICICI Bank Ltd December 2022 Future | -0.93% |
| Equity Futures Total | -17.41% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 6.48% |
| 6.54% GOI (17/01/2032) | 5.07% |
| Government Bond Total | 11.55% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.66% |
| 7.4% Housing Development Finance Corporation Ltd (02/06/2025) ** | 2.66% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.64% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) ** | 2.56% |
| Corporate Bond Total | 10.51% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) ** # | 2.03% |
| Certificate of Deposit Total | 2.03% |
| Cash & Other Receivables Total | 25.50% |
| Total | 100.00% |
This product is suitable for investors who are seeking*
• To generate long term capital appreciation/income.
• Investments in equity, equity related securities & debt, money market instruments while managing risk through active allocation
*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 : Since the scheme is in existence for less than 6 Month, as per SEBI regulation performance of the scheme has not been shown. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 