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 October 31, 2022 | 861.84 |
| Net AUM (₹ Cr.) |
888.92 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on October 31, 2022 |
Regular Plan: 2.30% Direct Plan: 0.81% |
| **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 | ₹ 10.173 | ₹ 10.139 |
| IDCW^ | ₹ 10.173 | ₹ 10.137 |
Weighted Average Maturity |
4.27 Years |
Modified Duration |
3.35 Years |
Macaulay Duration |
3.59 Years |
Yield to Maturity |
7.57% |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 5.05% |
| ICICI Bank Ltd | 4.53% |
| Axis Bank Ltd | 2.22% |
| Kotak Mahindra Bank Ltd | 2.21% |
| State Bank of India | 2.05% |
| Canara Bank | 0.53% |
| IndusInd Bank Ltd | 0.46% |
| Bank of Baroda | 0.25% |
| IT - Software | |
| Infosys Ltd | 2.87% |
| HCL Technologies Ltd | 1.62% |
| Tata Consultancy Services Ltd | 1.40% |
| MindTree Ltd | 0.39% |
| MphasiS Ltd | 0.16% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.45% |
| Bharat Petroleum Corporation Ltd | 0.50% |
| Hindustan Petroleum Corporation Ltd | 0.20% |
| Consumer Durables | |
| Titan Company Ltd | 1.07% |
| Asian Paints Ltd | 1.03% |
| Voltas Ltd | 0.81% |
| Havells India Ltd | 0.66% |
| Bata India Ltd | 0.40% |
| Crompton Greaves Consumer Electricals Ltd | 0.39% |
| Kajaria Ceramics Ltd | 0.36% |
| Greenply Industries Ltd | 0.24% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.69% |
| Biocon Ltd | 0.81% |
| Aurobindo Pharma Ltd | 0.57% |
| Divi's Laboratories Ltd | 0.32% |
| JB Chemicals & Pharmaceuticals Ltd | 0.26% |
| Abbott India Ltd | 0.02% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.66% |
| TVS Motor Company Ltd | 0.75% |
| Tata Motors Ltd | 0.46% |
| Finance | |
| SBI Cards and Payment Services Ltd | 0.99% |
| Shriram City Union Finance Ltd | 0.72% |
| Power Finance Corporation Ltd | 0.49% |
| CreditAccess Grameen Ltd | 0.21% |
| Can Fin Homes Ltd | 0.13% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.03% |
| ICICI Lombard General Insurance Company Ltd | 0.75% |
| HDFC Life Insurance Company Ltd | 0.37% |
| Max Financial Services Ltd | 0.33% |
| Personal Products | |
| Dabur India Ltd | 1.06% |
| Emami Ltd | 0.65% |
| Marico Ltd | 0.49% |
| Diversified FMCG | |
| ITC Ltd | 1.08% |
| Hindustan Unilever Ltd | 0.82% |
| Retailing | |
| Electronics Mart India Ltd | 0.88% |
| Trent Ltd | 0.57% |
| Zomato Ltd | 0.43% |
| Auto Components | |
| Craftsman Automation Ltd | 0.69% |
| Sona BLW Precision Forgings Ltd | 0.47% |
| CEAT Ltd | 0.41% |
| S.J.S. Enterprises Ltd | 0.12% |
| Balkrishna Industries Ltd | 0.10% |
| Construction | |
| Larsen & Toubro Ltd | 1.76% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 0.75% |
| UltraTech Cement Ltd | 0.58% |
| JK Cement Ltd | 0.32% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.47% |
| Power | |
| NTPC Ltd | 0.88% |
| Tata Power Company Ltd | 0.55% |
| Chemicals & Petrochemicals | |
| SRF Ltd | 0.73% |
| Tata Chemicals Ltd | 0.47% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.08% |
| JSW Steel Ltd | 0.03% |
| Jindal Steel & Power Ltd | 0.03% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.74% |
| MTAR Technologies Ltd | 0.32% |
| Food Products | |
| Nestle India Ltd | 0.68% |
| Britannia Industries Ltd | 0.31% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.53% |
| Apollo Hospitals Enterprise Ltd | 0.24% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.74% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 0.58% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.58% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.47% |
| Leisure Services | |
| Westlife Development Ltd | 0.43% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.33% |
| Realty | |
| DLF Ltd | 0.26% |
| Transport Services | |
| Gateway Distriparks Ltd | 0.25% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.24% |
| Industrial Manufacturing | |
| Honeywell Automation India Ltd | 0.23% |
| Beverages | |
| United Spirits Ltd | 0.19% |
| Equity Holding Total | 68.92% |
| Equity Futures | |
| Abbott India Ltd November 2022 Future | -0.02% |
| Jindal Steel & Power Ltd November 2022 Future | -0.03% |
| JSW Steel Ltd November 2022 Future | -0.03% |
| SBI Cards and Payment Services Ltd November 2022 Future | -0.11% |
| MphasiS Ltd November 2022 Future | -0.16% |
| United Spirits Ltd November 2022 Future | -0.19% |
| Larsen & Toubro Ltd November 2022 Future | -0.23% |
| Ashok Leyland Ltd November 2022 Future | -0.24% |
| Apollo Hospitals Enterprise Ltd November 2022 Future | -0.24% |
| DLF Ltd November 2022 Future | -0.27% |
| Hindustan Unilever Ltd November 2022 Future | -0.34% |
| SBI Life Insurance Company Ltd November 2022 Future | -0.38% |
| HDFC Life Insurance Company Ltd November 2022 Future | -0.38% |
| SRF Ltd November 2022 Future | -0.38% |
| IndusInd Bank Ltd November 2022 Future | -0.47% |
| Hindalco Industries Ltd November 2022 Future | -0.47% |
| Zee Entertainment Enterprises Ltd November 2022 Future | -0.47% |
| Tata Chemicals Ltd November 2022 Future | -0.47% |
| Tata Steel Ltd November 2022 Future | -0.52% |
| Canara Bank November 2022 Future | -0.53% |
| Dabur India Ltd November 2022 Future | -0.55% |
| Tata Power Company Ltd November 2022 Future | -0.55% |
| Voltas Ltd November 2022 Future | -0.56% |
| Biocon Ltd November 2022 Future | -0.57% |
| Trent Ltd November 2022 Future | -0.58% |
| Adani Ports and Special Economic Zone Ltd November 2022 Future | -0.58% |
| UltraTech Cement Ltd November 2022 Future | -0.58% |
| HDFC Bank Ltd November 2022 Future | -0.59% |
| ICICI Bank Ltd November 2022 Future | -0.59% |
| Maruti Suzuki India Ltd November 2022 Future | -0.60% |
| Titan Company Ltd November 2022 Future | -0.62% |
| Sun Pharmaceutical Industries Ltd November 2022 Future | -0.64% |
| Nestle India Ltd November 2022 Future | -0.68% |
| HCL Technologies Ltd November 2022 Future | -0.85% |
| Reliance Industries Ltd November 2022 Future | -0.89% |
| Asian Paints Ltd November 2022 Future | -1.03% |
| Kotak Mahindra Bank Ltd November 2022 Future | -1.53% |
| Equity Futures Total | -17.92% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 6.75% |
| 6.54% GOI (17/01/2032) | 5.28% |
| Government Bond Total | 12.03% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.79% |
| 7.4% Housing Development Finance Corporation Ltd (02/06/2025) ** | 2.78% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.78% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) ** | 2.68% |
| Corporate Bond Total | 11.04% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) ** # | 2.12% |
| Certificate of Deposit Total | 2.12% |
| Cash & Other Receivables Total | 23.81% |
| 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 