MIRAE ASSET
BALANCED ADVANTAGE FUND
(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: ₹ 500/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly / 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 June 30, 2024 | 1,630.54 |
| Net AUM (₹ Cr.) |
1,655.04 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on June 30, 2024 |
Regular Plan: 2.08% Direct Plan: 0.68% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 13.516 | ₹ 13.158 |
| IDCW | ₹ 13.510 | ₹ 13.155 |
| New Position Bought |
| Stock |
| IT - Software |
| Wipro Limited |
| Zensar Technologies Limited |
| Telecom - Services |
| Indus Towers Limited |
| Positions Increased |
| Stock |
| Consumable Fuels |
| Coal India Limited |
| Diversified Metals |
| Vedanta Limited |
| Gas |
| GAIL (India) Limited |
| IT - Software |
| Tata Consultancy Services Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Petroleum Products |
| Bharat Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| Cipla Limited |
| Positions Decreased |
| Stock |
| Aerospace & Defense |
| Bharat Electronics Limited |
| Auto Components |
| Samvardhana Motherson International Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Tata Motors Limited |
| Banks |
| ICICI Bank Limited |
| State Bank of India |
| Construction |
| Larsen & Toubro Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Finance |
| Shriram Finance Limited |
| IT - Software |
| HCL Technologies Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Yatra Online Limited |
| Personal Products |
| Dabur India Limited |
| Godrej Consumer Products Limited |
| Power |
| Tata Power Company Limited |
Average Maturity |
4.04 Years |
Modified Duration |
3.06 Years |
Macaulay Duration |
3.19 Years |
Annualized Portfolio YTM* |
7.39% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
5.06% |
State Bank of India |
2.74% |
ICICI Bank Ltd |
2.67% |
Axis Bank Ltd |
1.96% |
Kotak Mahindra Bank Ltd |
1.26% |
IndusInd Bank Ltd |
0.62% |
The Federal Bank Limited |
0.40% |
RBL Bank Limited |
0.09% |
Canara Bank |
0.01% |
IT - Software |
|
Infosys Ltd |
2.37% |
Tata Consultancy Services Ltd |
1.41% |
LTIMindtree Limited |
0.46% |
HCL Technologies Limited |
0.36% |
Tech Mahindra Limited |
0.30% |
Wipro Ltd |
0.26% |
Zensar Technologies Limited |
0.25% |
Finance |
|
Shriram Finance Limited |
1.34% |
LIC Housing Finance Limited |
0.95% |
Power Finance Corporation Ltd |
0.94% |
Fusion Micro Finance Limited |
0.54% |
IIFL Finance Limited |
0.46% |
Bajaj Finance Limited |
0.36% |
IDFC Limited |
0.20% |
Pharmaceuticals & Biotechnology |
|
Aurobindo Pharma Ltd |
0.95% |
Torrent Pharmaceuticals Ltd |
0.83% |
Sun Pharmaceutical Industries Ltd |
0.69% |
Cipla Limited |
0.59% |
Biocon Ltd |
0.37% |
Glenmark Pharmaceuticals Limited |
0.22% |
JB Chemicals & Pharmaceuticals Limited |
0.19% |
Petroleum Products |
|
Reliance Industries Ltd |
2.71% |
Bharat Petroleum Corporation Limited |
1.00% |
Ferrous Metals |
|
Tata Steel Ltd |
1.05% |
Jindal Steel & Power Limited |
0.65% |
Steel Authority of India Limited |
0.64% |
JSW Steel Limited |
0.46% |
Telecom - Services |
|
Bharti Airtel Ltd |
1.97% |
Indus Towers Limited |
0.50% |
Diversified FMCG |
|
ITC Ltd |
1.29% |
Hindustan Unilever Ltd |
0.83% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.50% |
JK Cement Limited |
0.34% |
ACC Limited |
0.11% |
Construction |
|
Larsen & Toubro Ltd |
1.88% |
Consumer Durables |
|
Titan Company Ltd |
0.58% |
Havells India Ltd |
0.50% |
Greenply Industries Limited |
0.24% |
Crompton Greaves Consumer Electricals Limited |
0.23% |
Bata India Limited |
0.13% |
Cera Sanitaryware Limited |
0.11% |
Kajaria Ceramics Ltd |
0.05% |
Dixon Technologies (India) Limited |
0.04% |
Consumable Fuels |
|
Coal India Ltd |
1.74% |
Automobiles |
|
Tata Motors Limited |
1.01% |
TVS Motor Company Ltd |
0.38% |
Eicher Motors Ltd |
0.34% |
Maruti Suzuki India Ltd |
0.00% |
Auto Components |
|
Samvardhana Motherson International Limited |
0.90% |
Craftsman Automation Limited |
0.57% |
Sona BLW Precision Forgings Limited |
0.23% |
Retailing |
|
Electronics Mart India Limited |
0.64% |
Zomato Limited |
0.64% |
Go Fashion (India) Limited |
0.42% |
Power |
|
NTPC Ltd |
1.28% |
Tata Power Company Limited |
0.13% |
Insurance |
|
SBI Life Insurance Company Limited |
0.77% |
Max Financial Services Ltd |
0.31% |
Go Digit General Insurance Limited |
0.29% |
Electrical Equipment |
|
TD Power Systems Limited |
1.02% |
Avalon Technologies Limited |
0.29% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
1.28% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
1.15% |
Realty |
|
Brigade Enterprises Limited |
0.59% |
DLF Limited |
0.39% |
Transport Services |
|
InterGlobe Aviation Limited |
0.44% |
Gateway Distriparks Limited |
0.19% |
Container Corporation of India Limited |
0.08% |
Gas |
|
GAIL (India) Limited |
0.65% |
Personal Products |
|
Godrej Consumer Products Limited |
0.36% |
Dabur India Ltd |
0.26% |
Oil |
|
Oil & Natural Gas Corporation Limited |
0.60% |
Fertilizers & Agrochemicals |
|
PI Industries Limited |
0.49% |
Chemicals & Petrochemicals |
|
Deepak Nitrite Limited |
0.36% |
SRF Limited |
0.09% |
Diversified Metals |
|
Vedanta Limited |
0.32% |
Leisure Services |
|
Yatra Online Limited |
0.21% |
TBO Tek Limited |
0.07% |
Westlife Foodworld Limited |
0.00% |
Industrial Products |
|
Prince Pipes And Fittings Limited |
0.26% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Limited |
0.25% |
Capital Markets |
|
KFin Technologies Limited |
0.25% |
Textiles & Apparels |
|
Page Industries Ltd |
0.24% |
Agricultural Food & other Products |
|
Balrampur Chini Mills Limited |
0.24% |
Beverages |
|
United Spirits Limited |
0.13% |
Transport Infrastructure |
|
Adani Ports and Special Economic Zone Limited |
0.12% |
Equity Holding Total |
65.67% |
Government Bond |
|
7.18% GOI (MD 14/08/2033) |
5.18% |
7.38% GOI (MD 20/06/2027) |
4.27% |
7.1% GOI (MD 08/04/2034) |
1.67% |
7.32% GOI (MD 13/11/2030) |
1.53% |
6.54% GOI (MD 17/01/2032) |
1.46% |
7.26% GOI (MD 06/02/2033) |
0.61% |
Government Bond Total |
14.73% |
Corporate Bond |
|
National Bank For Agriculture and Rural Development |
2.39% |
Power Finance Corporation Limited |
1.70% |
Cholamandalam Investment and Finance Company Ltd |
1.51% |
HDFC Bank Limited |
1.50% |
Bharti Telecom Limited |
0.91% |
REC Limited |
0.89% |
Jamnagar Utilities & Power Private Limited |
0.61% |
Nexus Select Trust - REIT |
0.60% |
Mahanagar Telephone Nigam Limited |
0.58% |
State Bank of India |
0.47% |
Bajaj Housing Finance Limited |
0.45% |
Corporate Bond Total |
11.62% |
Commercial Paper |
|
Export Import Bank of India CP (MD 26/07/2024) |
3.61% |
LIC Housing Finance Limited CP (MD 04/03/2025) |
1.03% |
Commercial Paper Total |
4.64% |
Certificate of Deposit |
|
Bank of Baroda CD (MD 07/02/2025) |
0.92% |
Bank of Baroda CD (MD 20/02/2025) |
0.29% |
Certificate of Deposit Total |
1.21% |
Cash & Other Receivables Total |
2.13% |
Total |
100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| Canara Bank | -0.01% |
| Dixon Technologies (India) Limited | -0.04% |
| Container Corporation of India Limited | -0.08% |
| RBL Bank Limited | -0.09% |
| Eicher Motors Limited | -0.09% |
| Shriram Finance Limited | -0.11% |
| ACC Limited | -0.11% |
| Adani Ports and Special Economic Zone Limited | -0.12% |
| Tata Power Company Limited | -0.13% |
| Vedanta Limited | -0.13% |
| Bata India Limited | -0.13% |
| United Spirits Limited | -0.14% |
| The Federal Bank Limited | -0.18% |
| IDFC Limited | -0.20% |
| Balrampur Chini Mills Limited | -0.24% |
| IndusInd Bank Limited | -0.25% |
| Oil & Natural Gas Corporation Limited | -0.25% |
| ITC Limited | -0.26% |
| Wipro Limited | -0.26% |
| Titan Company Limited | -0.27% |
| Axis Bank Limited | -0.28% |
| Aurobindo Pharma Limited | -0.28% |
| Tech Mahindra Limited | -0.30% |
| Bharti Airtel Limited | -0.30% |
| Hindustan Unilever Limited | -0.32% |
| Torrent Pharmaceuticals Limited | -0.34% |
| Cipla Limited | -0.34% |
| Tata Consultancy Services Limited | -0.35% |
| HCL Technologies Limited | -0.36% |
| Bajaj Finance Limited | -0.36% |
| Bharat Petroleum Corporation Limited | -0.36% |
| Deepak Nitrite Limited | -0.37% |
| Biocon Limited | -0.37% |
| SBI Life Insurance Company Limited | -0.37% |
| Infosys Limited | -0.38% |
| Reliance Industries Limited | -0.39% |
| HDFC Bank Limited | -0.39% |
| DLF Limited | -0.40% |
| Larsen & Toubro Limited | -0.46% |
| JSW Steel Limited | -0.46% |
| GAIL (India) Limited | -0.46% |
| LIC Housing Finance Limited | -0.47% |
| Tata Steel Limited | -0.47% |
| PI Industries Limited | -0.49% |
| State Bank of India | -0.50% |
| Hindalco Industries Limited | -0.51% |
| Sun Pharmaceutical Industries Limited | -0.52% |
| Kotak Mahindra Bank Limited | -0.54% |
| Ambuja Cements Limited | -0.56% |
| Steel Authority of India Limited | -0.64% |
| Jindal Steel & Power Limited | -0.65% |
| Coal India Limited | -1.14% |
| Total | -17.09% |
| Returns (in %) | |||
| 1 Year | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Balanced Advantage Fund | 20.85% |
15.65% |
13,158 |
| Scheme Benchmark* | 16.92% |
13.25% |
12,648 |
| Additional Benchmark** | 26.66% |
18.93% |
13,871 |
| NAV as on 30th June, 2024 | ₹ 13.158 | ||
| Index Value (30th June, 2024) | Index Value of benchmark is 15,086.43 and Nifty 50 Index (TRI) is 35,539.16 | ||
| 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 1 year and below are absolute returns, Returns above 1 year are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
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
| Period | Total Amount Invested | Mkt Value as on 30-June-2024 |
Since inception |
2,20,000 |
2,62,992 |
1 Year |
1,20,000 |
1,33,656 |
Returns (%) |
Period |
|
Since inception |
1 Year |
|
Fund Return& (%) |
20.11 |
22.10 |
Nifty 50 Hybrid Composite Debt 50:50 Index& (%) |
16.88 |
19.62 |
Nifty 50 Index (TRI)& (%) |
26.06 |
31.54 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Portfolio Turnover Ratio | 2.68 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 30th June, 2024. ^Basis last rolling 12 months. |
|
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.