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 September 30, 2022 | 820.31 |
| Net AUM (₹ Cr.) |
833.79 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on September 30, 2022 |
Regular Plan: 2.32% 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 | ₹ 9.909 | ₹ 9.888 |
| IDCW^ | ₹ 9.909 | ₹ 9.886 |
Weighted Average Maturity |
4.35 Years |
Modified Duration |
3.43 Years |
Macaulay Duration |
3.68 Years |
Yield to Maturity |
7.47% |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 5.07% |
| ICICI Bank Ltd | 4.63% |
| Axis Bank Ltd | 2.53% |
| Kotak Mahindra Bank Ltd | 2.25% |
| State Bank of India | 2.23% |
| IndusInd Bank Ltd | 0.51% |
| Bank of Baroda | 0.24% |
| IT - Software | |
| Infosys Ltd | 2.63% |
| Tata Consultancy Services Ltd | 1.41% |
| HCL Technologies Limited | 1.35% |
| MindTree Limited | 0.51% |
| MphasiS Limited | 0.18% |
| Tech Mahindra Limited | 0.10% |
| Wipro Ltd | 0.07% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.48% |
| Bharat Petroleum Corporation Limited | 0.53% |
| Hindustan Petroleum Corporation Ltd | 0.22% |
| Consumer Durables | |
| Asian Paints Ltd | 1.18% |
| Havells India Ltd | 0.70% |
| Crompton Greaves Consumer Electricals Limited | 0.47% |
| Titan Company Ltd | 0.40% |
| Kajaria Ceramics Ltd | 0.40% |
| Bata India Limited | 0.38% |
| Voltas Ltd | 0.22% |
| Greenply Industries Limited | 0.21% |
| Finance | |
| SBI Cards and Payment Services Limited | 1.22% |
| Shriram City Union Finance Limited | 0.68% |
| Housing Development Finance Corporation Ltd | 0.56% |
| Power Finance Corporation Ltd | 0.47% |
| CreditAccess Grameen Limited | 0.19% |
| Can Fin Homes Limited | 0.13% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.68% |
| Aurobindo Pharma Ltd | 0.57% |
| Gland Pharma Limited | 0.33% |
| JB Chemicals & Pharmaceuticals Limited | 0.26% |
| Divi's Laboratories Ltd | 0.24% |
| Abbott India Limited | 0.02% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.64% |
| TVS Motor Company Ltd | 0.72% |
| Tata Motors Limited | 0.49% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.08% |
| ICICI Lombard General Insurance Company Limited | 0.64% |
| HDFC Life Insurance Company Ltd | 0.39% |
| Max Financial Services Ltd | 0.37% |
| Personal Products | |
| Dabur India Ltd | 0.95% |
| Emami Limited | 0.74% |
| Marico Limited | 0.53% |
| Diversified FMCG | |
| ITC Ltd | 1.10% |
| Hindustan Unilever Ltd | 0.93% |
| Auto Components | |
| Craftsman Automation Limited | 0.63% |
| Sona BLW Precision Forgings Limited | 0.50% |
| CEAT Limited | 0.44% |
| S.J.S. Enterprises Limited | 0.12% |
| Balkrishna Industries Ltd | 0.10% |
| Construction | |
| Larsen & Toubro Ltd | 1.72% |
| Power | |
| NTPC Ltd | 1.16% |
| Tata Power Company Limited | 0.56% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 0.62% |
| UltraTech Cement Limited | 0.58% |
| JK Cement Limited | 0.33% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.42% |
| Chemicals & Petrochemicals | |
| SRF Limited | 0.76% |
| Tata Chemicals Ltd | 0.49% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.09% |
| JSW Steel Limited | 0.03% |
| Jindal Steel & Power Limited | 0.03% |
| Retailing | |
| Trent Limited | 0.62% |
| Zomato Limited | 0.45% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.69% |
| MTAR Technologies Limited | 0.33% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.57% |
| Apollo Hospitals Enterprise Limited | 0.25% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.78% |
| Diversified Metals | |
| Vedanta Limited | 0.63% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.62% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Limited | 0.62% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.49% |
| Leisure Services | |
| Westlife Development Limited | 0.49% |
| Food Products | |
| Britannia Industries Ltd | 0.34% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.29% |
| Realty | |
| DLF Limited | 0.26% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Limited | 0.26% |
| Industrial Manufacturing | |
| Honeywell Automation India Limited | 0.25% |
| Transport Services | |
| Gateway Distriparks Limited | 0.24% |
| Beverages | |
| United Spirits Limited | 0.19% |
| Equity Holding Total | 67.78% |
| Equity Futures | |
| Abbott India Ltd October 2022 Future | -0.02% |
| Jindal Steel & Power Ltd October 2022 Future | -0.03% |
| JSW Steel Ltd October 2022 Future | -0.03% |
| Wipro Ltd October 2022 Future | -0.07% |
| Tech Mahindra Ltd October 2022 Future | -0.10% |
| MphasiS Ltd October 2022 Future | -0.18% |
| SBI Cards and Payment Services Ltd October 2022 Future | -0.18% |
| United Spirits Ltd October 2022 Future | -0.19% |
| State Bank of India October 2022 Future | -0.21% |
| Larsen & Toubro Ltd October 2022 Future | -0.23% |
| Apollo Hospitals Enterprise Ltd October 2022 Future | -0.25% |
| Ashok Leyland Ltd October 2022 Future | -0.26% |
| DLF Ltd October 2022 Future | -0.26% |
| NTPC Ltd October 2022 Future | -0.30% |
| Hindustan Unilever Ltd October 2022 Future | -0.38% |
| HDFC Life Insurance Company Ltd October 2022 Future | -0.39% |
| SBI Life Insurance Company Ltd October 2022 Future | -0.39% |
| SRF Ltd October 2022 Future | -0.40% |
| Hindalco Industries Ltd October 2022 Future | -0.48% |
| Tata Chemicals Ltd October 2022 Future | -0.49% |
| Zee Entertainment Enterprises Ltd October 2022 Future | -0.50% |
| IndusInd Bank Ltd October 2022 Future | -0.51% |
| Tata Steel Ltd October 2022 Future | -0.54% |
| Housing Development Finance Corporation Ltd October 2022 Future | -0.56% |
| Tata Power Company Ltd October 2022 Future | -0.56% |
| Axis Bank Ltd October 2022 Future | -0.57% |
| UltraTech Cement Ltd October 2022 Future | -0.58% |
| HDFC Bank Ltd October 2022 Future | -0.59% |
| Maruti Suzuki India Ltd October 2022 Future | -0.59% |
| ICICI Bank Ltd October 2022 Future | -0.60% |
| Dabur India Ltd October 2022 Future | -0.60% |
| Adani Ports and Special Economic Zone Ltd October 2022 Future | -0.62% |
| Trent Ltd October 2022 Future | -0.62% |
| Vedanta Ltd October 2022 Future | -0.63% |
| Sun Pharmaceutical Industries Ltd October 2022 Future | -0.64% |
| HCL Technologies Ltd October 2022 Future | -0.80% |
| Reliance Industries Ltd October 2022 Future | -0.89% |
| Asian Paints Ltd October 2022 Future | -1.18% |
| Kotak Mahindra Bank Ltd October 2022 Future | -1.56% |
| Equity Futures Total | -18.00% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 7.21% |
| 6.54% GOI (17/01/2032) | 5.64% |
| Government Bond Total | 12.86% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.98% |
| 7.4% Housing Development Finance Corporation Ltd (02/06/2025) ** | 2.97% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.97% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) ** | 2.86% |
| Corporate Bond Total | 11.78% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) ** # | 2.26% |
| Certificate of Deposit | 2.26% |
| Cash & Other Receivables Total | 23.33% |
| 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 