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 February 28, 2023 | 969.58 |
| Net AUM (₹ Cr.) |
958.58 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2023 |
Regular Plan: 2.28% Direct Plan: 0.82% |
| **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 | ₹ 10.067 | ₹ 9.985 |
| IDCW^ | ₹ 10.066 | ₹ 9.983 |
| Portfolio Holdings | % Allocation |
Banks |
|
ICICI Bank Ltd |
4.82% |
HDFC Bank Ltd |
4.82% |
Axis Bank Ltd |
2.84% |
State Bank of India |
2.39% |
Kotak Mahindra Bank Ltd |
1.12% |
Bank of Baroda |
0.82% |
Bandhan Bank Ltd |
0.51% |
IndusInd Bank Ltd |
0.40% |
City Union Bank Ltd |
0.25% |
IT - Software |
|
Infosys Ltd |
2.90% |
Tata Consultancy Services Ltd |
1.35% |
HCL Technologies Ltd |
0.86% |
LTIMindtree Ltd |
0.42% |
Tech Mahindra Ltd |
0.17% |
Petroleum Products |
|
Reliance Industries Ltd |
4.32% |
Bharat Petroleum Corporation Ltd |
0.43% |
Hindustan Petroleum Corporation Ltd |
0.12% |
Finance |
|
Housing Development Finance Corporation Ltd |
1.46% |
SBI Cards and Payment Services Ltd |
0.74% |
Shriram Finance Ltd |
0.68% |
Power Finance Corporation Ltd |
0.46% |
Fusion Micro Finance Ltd |
0.42% |
Can Fin Homes Ltd |
0.27% |
Bajaj Finserv Ltd |
0.22% |
Automobiles |
|
Maruti Suzuki India Ltd |
1.32% |
TVS Motor Company Ltd |
0.77% |
Tata Motors Ltd |
0.71% |
Bajaj Auto Ltd |
0.52% |
Mahindra & Mahindra Ltd |
0.49% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.52% |
Biocon Ltd |
0.61% |
Aurobindo Pharma Ltd |
0.45% |
Torrent Pharmaceuticals Ltd |
0.35% |
Dr. Reddy's Laboratories Ltd |
0.32% |
Divi's Laboratories Ltd |
0.28% |
JB Chemicals & Pharmaceuticals Ltd |
0.23% |
Consumer Durables |
|
Titan Company Ltd |
1.05% |
Asian Paints Ltd |
0.70% |
Havells India Ltd |
0.60% |
Kajaria Ceramics Ltd |
0.37% |
Crompton Greaves Consumer Electricals Ltd |
0.30% |
Greenply Industries Ltd |
0.17% |
Voltas Ltd |
0.08% |
Diversified FMCG |
|
ITC Ltd |
1.37% |
Hindustan Unilever Ltd |
1.23% |
Insurance |
|
SBI Life Insurance Company Ltd |
1.08% |
ICICI Lombard General Insurance Company Ltd |
0.70% |
Max Financial Services Ltd |
0.34% |
Auto Components |
|
Sona BLW Precision Forgings Ltd |
0.85% |
Craftsman Automation Ltd |
0.67% |
CEAT Ltd |
0.41% |
Balkrishna Industries Ltd |
0.09% |
Cement & Cement Products |
|
Ambuja Cements Ltd |
0.85% |
Grasim Industries Ltd |
0.51% |
JK Cement Ltd |
0.37% |
Personal Products |
|
Emami Ltd |
0.79% |
Marico Ltd |
0.42% |
Dabur India Ltd |
0.39% |
Construction |
|
Larsen & Toubro Ltd |
1.57% |
Retailing |
|
Electronics Mart India Ltd |
0.63% |
Go Fashion (India) Ltd |
0.48% |
Zomato Ltd |
0.41% |
Power |
|
NTPC Ltd |
0.97% |
Tata Power Company Ltd |
0.46% |
Telecom - Services |
|
Bharti Airtel Ltd |
1.35% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
0.82% |
MTAR Technologies Ltd |
0.45% |
Ferrous Metals |
|
Tata Steel Ltd |
1.25% |
Food Products |
|
Nestle India Ltd |
0.81% |
Britannia Industries Ltd |
0.13% |
Non - Ferrous Metals |
|
Hindalco Industries Ltd |
0.93% |
Capital Markets |
|
Indian Energy Exchange Ltd |
0.55% |
KFin Technologies Ltd |
0.29% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Ltd |
0.62% |
Syngene International Ltd |
0.14% |
Industrial Manufacturing |
|
Kaynes Technology India Ltd |
0.48% |
Honeywell Automation India Ltd |
0.22% |
Beverages |
|
United Spirits Ltd |
0.63% |
Fertilizers & Agrochemicals |
|
PI Industries Ltd |
0.53% |
Agricultural, Commercial & Construction Vehicles |
|
Ashok Leyland Ltd |
0.52% |
Entertainment |
|
Zee Entertainment Enterprises Ltd |
0.32% |
Sun TV Network Ltd |
0.14% |
Leisure Services |
|
Westlife Foodworld Ltd |
0.44% |
Industrial Products |
|
Prince Pipes And Fittings Ltd |
0.37% |
Diversified Metals |
|
Vedanta Ltd |
0.35% |
Chemicals & Petrochemicals |
|
SRF Ltd |
0.32% |
Textiles & Apparels |
|
Page Industries Ltd |
0.23% |
Realty |
|
DLF Ltd |
0.22% |
Transport Services |
|
Gateway Distriparks Ltd |
0.18% |
Equity Holding Total |
70.53% |
Equity Futures |
|
Syngene International Ltd March 2023 Future |
-0.14% |
Sun TV Network Ltd March 2023 Future |
-0.14% |
United Spirits Ltd March 2023 Future |
-0.15% |
Tech Mahindra Ltd March 2023 Future |
-0.17% |
DLF Ltd March 2023 Future |
-0.22% |
Dr. Reddy's Laboratories Ltd March 2023 Future |
-0.32% |
Zee Entertainment Enterprises Ltd March 2023 Future |
-0.33% |
Maruti Suzuki India Ltd March 2023 Future |
-0.33% |
Ambuja Cements Ltd March 2023 Future |
-0.33% |
Vedanta Ltd March 2023 Future |
-0.35% |
IndusInd Bank Ltd March 2023 Future |
-0.41% |
Biocon Ltd March 2023 Future |
-0.42% |
HDFC Ltd March 2023 Future |
-0.45% |
Tata Power Company Ltd March 2023 Future |
-0.46% |
Bank of Baroda March 2023 Future |
-0.47% |
Tata Steel Ltd March 2023 Future |
-0.48% |
Kotak Mahindra Bank Ltd March 2023 Future |
-0.49% |
Mahindra & Mahindra Ltd March 2023 Future |
-0.49% |
Titan Company Ltd March 2023 Future |
-0.50% |
Bandhan Bank Ltd March 2023 Future |
-0.51% |
Grasim Industries Ltd March 2023 Future |
-0.51% |
Hindalco Industries Ltd March 2023 Future |
-0.52% |
HDFC Bank Ltd March 2023 Future |
-0.52% |
Ashok Leyland Ltd March 2023 Future |
-0.52% |
Bajaj Auto Ltd March 2023 Future |
-0.52% |
PI Industries Ltd March 2023 Future |
-0.53% |
Hindustan Unilever Ltd March 2023 Future |
-0.54% |
State Bank of India March 2023 Future |
-0.54% |
SBI Life Insurance Company Ltd March 2023 Future |
-0.55% |
Sun Pharmaceutical Industries Ltd March 2023 Future |
-0.56% |
Axis Bank Ltd March 2023 Future |
-0.57% |
Nestle India Ltd March 2023 Future |
-0.58% |
ICICI Bank Ltd March 2023 Future |
-0.69% |
Asian Paints Ltd March 2023 Future |
-0.70% |
Reliance Industries Ltd March 2023 Future |
-0.75% |
Equity Futures Total |
-15.75% |
Government Bond |
|
7.38% GOI (20/06/2027) |
7.29% |
6.54% GOI (17/01/2032) |
4.91% |
Government Bond Total |
12.20% |
Corporate Bond |
|
7.4% HDFC Ltd (02/06/2025) ** |
2.58% |
7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** |
2.57% |
7.25% Small Industries Dev Bank of India (31/07/2025) |
2.57% |
5.23% NABARD (31/01/2025) ** |
2.49% |
Corporate Bond Total |
10.21% |
Certificate of Deposit |
|
Canara Bank (18/08/2023) ** # |
2.01% |
ICICI Bank Ltd (30/11/2023) ** # |
0.99% |
Certificate of Deposit Total |
3.00% |
Cash & Other Receivables Total |
19.81% |
Total |
100.00% |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| MABAF | -0.12% |
-0.15% |
||
| Scheme Benchmark* | 0.56% |
0.69% |
||
| Additional Benchmark** | -2.34% |
-1.70% |
||
| NAV as on 31st February, 2023 | ₹ 9.985 | |||
| Index Value (28th February, 2023) | Index Value of benchmark is 12,010.23 and Nifty 50 Index (TRI) is 25,184.47 |
|||
| Allotment Date | 11th Aug, 2022 | |||
| Scheme Benchmark | *Nifty 50 Hybrid Composite Debt 50:50 Index | |||
| Additional Benchmark | **Nifty 50 Index (TRI) | |||
Fund managers: Mr. Harshad Borawake & Mr. Mahendra Jajoo managing the scheme since 11th August, 2022 & since 11th August, 2022 respectively
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns.
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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
Average Maturity |
3.83 Years |
Modified Duration |
3.05 Years |
Macaulay Duration |
3.27 Years |
Annualized Portfolio YTM* |
7.76% |
*In case of semi annual YTM, it will be annualized.
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.