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 June 30, 2023 | 1,083.94 |
| Net AUM (₹ Cr.) |
1,108.52 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on June 30, 2023 |
Regular Plan: 2.19% Direct Plan: 0.79% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 11.030 | ₹ 10.888 |
| IDCW | ₹ 11.028 | ₹ 10.886 |
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Ltd | 4.66% |
| State Bank of India | 2.86% |
| Axis Bank Ltd | 2.47% |
| Kotak Mahindra Bank Ltd | 1.05% |
| HDFC Bank Ltd | 0.98% |
| IndusInd Bank Ltd | 0.43% |
| The Federal Bank Limited | 0.19% |
| Bank of Baroda | 0.00% |
| Finance | |
| Housing Development Finance Corporation Ltd | 4.19% |
| Shriram Finance Limited | 0.76% |
| Fusion Micro Finance Limited | 0.70% |
| Power Finance Corporation Ltd | 0.54% |
| SBI Cards and Payment Services Limited | 0.45% |
| Can Fin Homes Limited | 0.38% |
| Bajaj Finserv Limited | 0.29% |
| LIC Housing Finance Limited | 0.19% |
| IT - Software | |
| Infosys Ltd | 3.02% |
| Tata Consultancy Services Ltd | 1.16% |
| HCL Technologies Limited | 1.12% |
| Tech Mahindra Limited | 0.49% |
| LTIMindtree Limited | 0.35% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.19% |
| Bharat Petroleum Corporation Limited | 0.02% |
| Automobiles | |
| Tata Motors Limited | 1.50% |
| Maruti Suzuki India Ltd | 1.45% |
| TVS Motor Company Ltd | 0.68% |
| Mahindra & Mahindra Limited | 0.30% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.60% |
| Biocon Ltd | 0.84% |
| Aurobindo Pharma Ltd | 0.48% |
| Torrent Pharmaceuticals Ltd | 0.35% |
| Dr. Reddy's Laboratories Ltd | 0.33% |
| JB Chemicals & Pharmaceuticals Limited | 0.25% |
| Diversified FMCG | |
| ITC Ltd | 2.15% |
| Hindustan Unilever Ltd | 1.16% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.32% |
| Jindal Steel & Power Limited | 0.89% |
| JSW Steel Limited | 0.53% |
| Consumer Durables | |
| Asian Paints Ltd | 0.62% |
| Titan Company Ltd | 0.57% |
| Kajaria Ceramics Ltd | 0.50% |
| Havells India Ltd | 0.38% |
| Crompton Greaves Consumer Electricals Limited | 0.25% |
| Greenply Industries Limited | 0.20% |
| Voltas Ltd | 0.19% |
| Construction | |
| Larsen & Toubro Ltd | 2.11% |
| Insurance | |
| SBI Life Insurance Company Limited | 1.01% |
| ICICI Lombard General Insurance Company Limited | 0.69% |
| Max Financial Services Ltd | 0.35% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.10% |
| Grasim Industries Ltd | 0.45% |
| JK Cement Limited | 0.39% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.61% |
| Retailing | |
| Electronics Mart India Limited | 0.55% |
| Go Fashion (India) Limited | 0.51% |
| Zomato Limited | 0.44% |
| Auto Components | |
| Craftsman Automation Limited | 0.68% |
| Sona BLW Precision Forgings Limited | 0.50% |
| CEAT Limited | 0.31% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.89% |
| MTAR Technologies Limited | 0.56% |
| Personal Products | |
| Emami Limited | 0.72% |
| Dabur India Ltd | 0.36% |
| Electrical Equipment | |
| TD Power Systems Limited | 1.01% |
| Power | |
| NTPC Ltd | 0.87% |
| Consumable Fuels | |
| Coal India Ltd | 0.86% |
| Industrial Products | |
| Astral Limited | 0.46% |
| Prince Pipes And Fittings Limited | 0.39% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.84% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.42% |
| KFin Technologies Limited | 0.30% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.62% |
| Fertilizers & Agrochemicals | |
| PI Industries Limited | 0.57% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.44% |
| Chemicals & Petrochemicals | |
| Navin Fluorine International Limited | 0.43% |
| SRF Limited | 0.00% |
| Food Products | |
| Dodla Dairy Limited | 0.37% |
| Nestle India Limited | 0.02% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.25% |
| Sun TV Network Limited | 0.12% |
| Agricultural Food & other Products | |
| Marico Limited | 0.23% |
| Transport Services | |
| Gateway Distriparks Limited | 0.20% |
| Beverages | |
| United Spirits Limited | 0.14% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.12% |
| Equity Holding Total | 68.88% |
| Equity Futures | |
| HCL Technologies Ltd July 2023 Future | -0.10% |
| Sun TV Network Ltd July 2023 Future | -0.13% |
| United Spirits Ltd July 2023 Future | -0.15% |
| The Federal Bank Ltd July 2023 Future | -0.19% |
| Zee Entertainment Enterprises Ltd July 2023 Future | -0.26% |
| Mahindra & Mahindra Ltd July 2023 Future | -0.30% |
| Dr. Reddy's Laboratories Ltd July 2023 Future | -0.32% |
| Kotak Mahindra Bank Ltd July 2023 Future | -0.33% |
| Biocon Ltd July 2023 Future | -0.41% |
| Navin Fluorine International Ltd July 2023 Future | -0.43% |
| State Bank of India July 2023 Future | -0.44% |
| Tata Steel Ltd July 2023 Future | -0.45% |
| Grasim Industries Ltd July 2023 Future | -0.45% |
| Axis Bank Ltd July 2023 Future | -0.46% |
| Astral Ltd July 2023 Future | -0.46% |
| Hindalco Industries Ltd July 2023 Future | -0.47% |
| HDFC Bank Ltd July 2023 Future | -0.47% |
| Tata Motors Ltd July 2023 Future | -0.48% |
| Larsen & Toubro Ltd July 2023 Future | -0.48% |
| SBI Life Insurance Company Ltd July 2023 Future | -0.49% |
| Infosys Ltd July 2023 Future | -0.49% |
| Bharti Airtel Ltd July 2023 Future | -0.49% |
| ITC Ltd July 2023 Future | -0.49% |
| Tech Mahindra Ltd July 2023 Future | -0.49% |
| Reliance Industries Ltd July 2023 Future | -0.50% |
| Hindustan Unilever Ltd July 2023 Future | -0.51% |
| JSW Steel Ltd July 2023 Future | -0.53% |
| Ambuja Cements Ltd July 2023 Future | -0.53% |
| Sun Pharmaceutical Industries Ltd July 2023 Future | -0.53% |
| PI Industries Ltd July 2023 Future | -0.58% |
| Asian Paints Ltd July 2023 Future | -0.62% |
| Maruti Suzuki India Ltd July 2023 Future | -0.65% |
| ICICI Bank Ltd August 2023 Future | -0.65% |
| Coal India Ltd July 2023 Future | -0.86% |
| Jindal Steel & Power Ltd July 2023 Future | -0.90% |
| Equity Futures Total | -16.09% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 6.38% |
| 6.54% GOI (17/01/2032) | 4.33% |
| 7.26% GOI (06/02/2033) | 0.91% |
| Government Bond Total | 11.62% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.24% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.24% |
| 7.4% HDFC Ltd (02/06/2025) ** | 2.24% |
| 5.23% NABARD (31/01/2025) | 2.18% |
| 9% HDFC Ltd (29/11/2028) ** | 0.81% |
| 9% Shriram Finance Ltd (24/06/2024) | 0.68% |
| 6.92% REC Ltd (20/03/2032) ** | 0.43% |
| Corporate Bond Total | 10.82% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) # | 1.79% |
| Certificate of Deposit Total | 1.79% |
| Cash & Other Receivables Total | 22.98% |
| Total | 100.00% |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| MABAF | 13.68% |
8.88% |
||
| Scheme Benchmark* | 11.08% |
8.18% |
||
| Additional Benchmark** | 13.20% |
10.76% |
||
| NAV as on 30th June, 2023 | ₹ 10.888 | |||
| Index Value (30th June, 2023) | Index Value of benchmark is 12,902.70 and Nifty 50 Index (TRI) is 28,059.65 |
|||
| 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
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.
Average Maturity |
3.49 Years |
Modified Duration |
2.73 Years |
Macaulay Duration |
2.85 Years |
Annualized Portfolio YTM* |
7.40% |
*In case of semi annual YTM, it will be annualized.