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 April 30, 2023 | 988.41 |
| Net AUM (₹ Cr.) |
1,008.83 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on April 30, 2023 |
Regular Plan: 2.21% Direct Plan: 0.76% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 10.453 | ₹ 10.344 |
| IDCW | ₹ 10.452 | ₹ 10.342 |
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Ltd | 5.23% |
| HDFC Bank Ltd | 4.63% |
| Axis Bank Ltd | 2.75% |
| State Bank of India | 2.07% |
| Kotak Mahindra Bank Ltd | 1.33% |
| Bank of Baroda | 0.42% |
| IndusInd Bank Ltd | 0.41% |
| City Union Bank Limited | 0.25% |
| IT - Software | |
| Infosys Ltd | 2.91% |
| Tata Consultancy Services Ltd | 1.24% |
| HCL Technologies Limited | 1.01% |
| LTIMindtree Limited | 0.32% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.78% |
| Bharat Petroleum Corporation Limited | 0.46% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.13% |
| SBI Cards and Payment Services Limited | 0.72% |
| Fusion Micro Finance Limited | 0.68% |
| Shriram Finance Limited | 0.57% |
| Power Finance Corporation Ltd | 0.52% |
| Can Fin Homes Limited | 0.33% |
| Bajaj Finserv Limited | 0.29% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.64% |
| Biocon Ltd | 0.81% |
| Aurobindo Pharma Ltd | 0.57% |
| Torrent Pharmaceuticals Ltd | 0.41% |
| Dr. Reddy's Laboratories Ltd | 0.34% |
| JB Chemicals & Pharmaceuticals Limited | 0.24% |
| Automobiles | |
| Tata Motors Limited | 1.57% |
| Maruti Suzuki India Ltd | 1.13% |
| TVS Motor Company Ltd | 0.79% |
| Mahindra & Mahindra Limited | 0.45% |
| Diversified FMCG | |
| ITC Ltd | 1.62% |
| Hindustan Unilever Ltd | 1.17% |
| Consumer Durables | |
| Titan Company Ltd | 0.60% |
| Havells India Ltd | 0.59% |
| Asian Paints Ltd | 0.59% |
| Kajaria Ceramics Ltd | 0.47% |
| Crompton Greaves Consumer Electricals Limited | 0.24% |
| Greenply Industries Limited | 0.18% |
| Voltas Ltd | 0.07% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.08% |
| ICICI Lombard General Insurance Company Limited | 0.65% |
| Max Financial Services Ltd | 0.34% |
| Auto Components | |
| Sona BLW Precision Forgings Limited | 0.85% |
| Craftsman Automation Limited | 0.66% |
| CEAT Limited | 0.44% |
| Balkrishna Industries Ltd | 0.09% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.12% |
| Grasim Industries Ltd | 0.53% |
| JK Cement Limited | 0.38% |
| Construction | |
| Larsen & Toubro Ltd | 1.72% |
| Retailing | |
| Electronics Mart India Limited | 0.66% |
| Go Fashion (India) Limited | 0.53% |
| Zomato Limited | 0.42% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.85% |
| MTAR Technologies Limited | 0.58% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.42% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.35% |
| Personal Products | |
| Emami Limited | 0.70% |
| Dabur India Ltd | 0.37% |
| Power | |
| NTPC Ltd | 0.87% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.57% |
| KFin Technologies Limited | 0.28% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.81% |
| Beverages | |
| United Spirits Limited | 0.67% |
| Fertilizers & Agrochemicals | |
| PI Industries Limited | 0.55% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.48% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.31% |
| Sun TV Network Limited | 0.13% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.43% |
| Food Products | |
| Nestle India Limited | 0.30% |
| Britannia Industries Ltd | 0.12% |
| Agricultural Food & other Products | |
| Marico Limited | 0.41% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.37% |
| Chemicals & Petrochemicals | |
| SRF Limited | 0.36% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.24% |
| Industrial Manufacturing | |
| Honeywell Automation India Limited | 0.22% |
| Transport Services | |
| Gateway Distriparks Limited | 0.19% |
| Consumable Fuels | |
| Coal India Ltd | 0.07% |
| Equity Holding Total | 67.61% |
| Equity Futures | |
| Titan Company Ltd May 2023 Future | -0.01% |
| Coal India Ltd May 2023 Future | -0.07% |
| Sun TV Network Ltd May 2023 Future | -0.14% |
| United Spirits Ltd May 2023 Future | -0.19% |
| Zee Entertainment Enterprises Ltd May 2023 Future | -0.31% |
| Dr. Reddy's Laboratories Ltd May 2023 Future | -0.34% |
| Biocon Ltd May 2023 Future | -0.40% |
| IndusInd Bank Ltd May 2023 Future | -0.41% |
| Tata Motors Ltd May 2023 Future | -0.43% |
| Mahindra & Mahindra Ltd May 2023 Future | -0.45% |
| Tata Steel Ltd May 2023 Future | -0.47% |
| Infosys Ltd May 2023 Future | -0.50% |
| HDFC Bank Ltd May 2023 Future | -0.51% |
| Hindustan Unilever Ltd May 2023 Future | -0.51% |
| Reliance Industries Ltd May 2023 Future | -0.52% |
| Kotak Mahindra Bank Ltd May 2023 Future | -0.52% |
| SBI Life Insurance Company Ltd May 2023 Future | -0.53% |
| Grasim Industries Ltd May 2023 Future | -0.53% |
| PI Industries Ltd May 2023 Future | -0.55% |
| Ambuja Cements Ltd May 2023 Future | -0.55% |
| Sun Pharmaceutical Industries Ltd May 2023 Future | -0.55% |
| Axis Bank Ltd May 2023 Future | -0.56% |
| Asian Paints Ltd May 2023 Future | -0.59% |
| ICICI Bank Ltd May 2023 Future | -0.70% |
| Equity Futures Total | -10.36% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 7.03% |
| 6.54% GOI (17/01/2032) | 4.76% |
| Government Bond Total | 11.79% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.47% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) | 2.46% |
| 7.4% HDFC Ltd (02/06/2025) ** | 2.46% |
| 5.23% NABARD (31/01/2025) ** | 2.39% |
| Corporate Bond Total | 9.78% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) ** # | 1.94% |
| Certificate of Deposit Total | 1.94% |
| Commercial Paper | |
| HDFC Ltd (22/03/2024) | 0.93% |
| Commercial Paper Total | 0.93% |
| Cash & Other Receivables Total | 18.32% |
| Total | 100.00% |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| MABAF | 4.12% |
4.83% |
||
| Scheme Benchmark* | 5.37% |
5.83% |
||
| Additional Benchmark** | 0.94% |
3.74% |
||
| NAV as on 28th April, 2023 | ₹ 10.344 | |||
| Index Value (28th April, 2023) | Index Value of benchmark is 12,422.97 and Nifty 50 Index (TRI) is 26,302.92 |
|||
| 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 both managing the scheme 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 |
3.69 Years |
Modified Duration |
2.92 Years |
Macaulay Duration |
3.05 Years |
Annualized Portfolio YTM* |
7.40% |
*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.