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 December 30, 2022 | 942.10 |
| Net AUM (₹ Cr.) |
953.06 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on December 30, 2022 |
Regular Plan: 2.28% 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 | ₹ 10.271 | ₹ 10.212 |
| IDCW^ | ₹ 10.270 | ₹ 10.210 |
Average Maturity |
4.00 Years |
Modified Duration |
3.16 Years |
Macaulay Duration |
3.40 Years |
Annualized Portfolio YTM* |
7.57% |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 4.93% |
| ICICI Bank Ltd | 4.60% |
| Axis Bank Ltd | 2.73% |
| State Bank of India | 1.95% |
| Kotak Mahindra Bank Ltd | 1.14% |
| Bandhan Bank Ltd | 0.52% |
| IndusInd Bank Ltd | 0.46% |
| Bank of Baroda | 0.29% |
| IT - Software | |
| Infosys Ltd | 3.15% |
| HCL Technologies Ltd | 1.51% |
| Tata Consultancy Services Ltd | 1.33% |
| LTIMindtree Ltd | 0.34% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.17% |
| Bharat Petroleum Corporation Ltd | 0.50% |
| Hindustan Petroleum Corporation Ltd | 0.21% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.55% |
| Tata Motors Ltd | 1.14% |
| TVS Motor Company Ltd | 0.67% |
| Mahindra & Mahindra Ltd | 0.52% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.60% |
| Biocon Ltd | 0.73% |
| Aurobindo Pharma Ltd | 0.43% |
| Dr. Reddy's Laboratories Ltd | 0.31% |
| Divi's Laboratories Ltd | 0.28% |
| JB Chemicals & Pharmaceuticals Ltd | 0.23% |
| Diversified FMCG | |
| ITC Ltd | 1.72% |
| Hindustan Unilever Ltd | 1.13% |
| Consumer Durables | |
| Titan Company Ltd | 0.94% |
| Havells India Ltd | 0.56% |
| Kajaria Ceramics Ltd | 0.36% |
| Bata India Ltd | 0.34% |
| Crompton Greaves Consumer Electricals Ltd | 0.34% |
| Greenply Industries Ltd | 0.19% |
| Voltas Ltd | 0.07% |
| Finance | |
| SBI Cards and Payment Services Ltd | 0.79% |
| Shriram Finance Ltd | 0.78% |
| Power Finance Corporation Ltd | 0.45% |
| Fusion Micro Finance Ltd | 0.24% |
| CreditAccess Grameen Ltd | 0.19% |
| Can Fin Homes Ltd | 0.18% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.19% |
| UltraTech Cement Ltd | 0.56% |
| JK Cement Ltd | 0.32% |
| Insurance | |
| SBI Life Insurance Company Ltd | 0.93% |
| ICICI Lombard General Insurance Company Ltd | 0.74% |
| Max Financial Services Ltd | 0.29% |
| Auto Components | |
| Craftsman Automation Ltd | 0.71% |
| Sona BLW Precision Forgings Ltd | 0.51% |
| CEAT Ltd | 0.40% |
| S.J.S. Enterprises Ltd | 0.12% |
| Balkrishna Industries Ltd | 0.10% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.68% |
| Retailing | |
| Electronics Mart India Ltd | 0.78% |
| Zomato Ltd | 0.44% |
| Go Fashion (India) Ltd | 0.38% |
| Construction | |
| Larsen & Toubro Ltd | 1.48% |
| Personal Products | |
| Emami Ltd | 0.55% |
| Marico Ltd | 0.44% |
| Dabur India Ltd | 0.41% |
| Power | |
| NTPC Ltd | 0.89% |
| Tata Power Company Ltd | 0.47% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.02% |
| Jindal Steel & Power Ltd | 0.03% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.69% |
| MTAR Technologies Ltd | 0.30% |
| Industrial Manufacturing | |
| Kaynes Technology India Ltd | 0.74% |
| Honeywell Automation India Ltd | 0.23% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.54% |
| KFin Technologies Ltd | 0.35% |
| Food Products | |
| Nestle India Ltd | 0.61% |
| Britannia Industries Ltd | 0.22% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.40% |
| Sun TV Network Ltd | 0.16% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 0.54% |
| Consumable Fuels | |
| Coal India Ltd | 0.53% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.44% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.43% |
| Diversified Metals | |
| Vedanta Ltd | 0.40% |
| Chemicals & Petrochemicals | |
| SRF Ltd | 0.34% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.27% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.25% |
| Realty | |
| DLF Ltd | 0.24% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.24% |
| Transport Services | |
| Gateway Distriparks Ltd | 0.21% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.21% |
| Beverages | |
| United Spirits Ltd | 0.17% |
| Fertilizers & Agrochemicals | |
| UPL Ltd | 0.10% |
| Equity Holding Total | 66.62% |
| Equity Futures | |
| Jindal Steel & Power Ltd January 2023 Future | -0.03% |
| UPL Ltd January 2023 Future | -0.10% |
| Larsen & Toubro Ltd January 2023 Future | -0.11% |
| Sun TV Network Ltd January 2023 Future | -0.16% |
| United Spirits Ltd January 2023 Future | -0.17% |
| Ashok Leyland Ltd January 2023 Future | -0.21% |
| DLF Ltd January 2023 Future | -0.24% |
| Dr. Reddy's Laboratories Ltd January 2023 Future | -0.31% |
| SBI Life Insurance Company Ltd January 2023 Future | -0.34% |
| Zee Entertainment Enterprises Ltd January 2023 Future | -0.40% |
| Vedanta Ltd January 2023 Future | -0.40% |
| Tata Steel Ltd January 2023 Future | -0.45% |
| IndusInd Bank Ltd January 2023 Future | -0.46% |
| Tata Power Company Ltd January 2023 Future | -0.47% |
| Maruti Suzuki India Ltd January 2023 Future | -0.50% |
| Bharti Airtel Ltd January 2023 Future | -0.50% |
| Ambuja Cements Ltd January 2023 Future | -0.51% |
| ITC Ltd January 2023 Future | -0.51% |
| Biocon Ltd January 2023 Future | -0.52% |
| Bandhan Bank Ltd January 2023 Future | -0.52% |
| Infosys Ltd January 2023 Future | -0.52% |
| Mahindra & Mahindra Ltd January 2023 Future | -0.52% |
| Tata Motors Ltd January 2023 Future | -0.53% |
| Kotak Mahindra Bank Ltd January 2023 Future | -0.53% |
| HDFC Bank Ltd January 2023 Future | -0.53% |
| Coal India Ltd January 2023 Future | -0.53% |
| Adani Ports and Special Economic Zone Ltd January 2023 Future | -0.54% |
| Axis Bank Ltd January 2023 Future | -0.54% |
| Titan Company Ltd January 2023 Future | -0.54% |
| UltraTech Cement Ltd January 2023 Future | -0.57% |
| Sun Pharmaceutical Industries Ltd January 2023 Future | -0.59% |
| Nestle India Ltd January 2023 Future | -0.61% |
| Hindustan Unilever Ltd January 2023 Future | -0.68% |
| ICICI Bank Ltd January 2023 Future | -0.72% |
| HCL Technologies Ltd January 2023 Future | -0.78% |
| Reliance Industries Ltd January 2023 Future | -0.83% |
| Equity Futures Total | -16.50% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 7.39% |
| 6.54% GOI (17/01/2032) | 4.96% |
| Government Bond Total | 12.35% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.60% |
| 7.4% Housing Development Finance Corporation Ltd (02/06/2025) ** | 2.60% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.59% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) ** | 2.51% |
| Corporate Bond Total | 10.30% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) ** # | 2.01% |
| ICICI Bank Ltd (30/11/2023) # | 0.98% |
| Certificate of Deposit Total | 2.99% |
| Cash & Other Receivables Total | 24.24% |
| 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 