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 May 31, 2023 | 1,032.34 |
| Net AUM (₹ Cr.) |
1,064.79 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on May 31, 2023 |
Regular Plan: 2.20% Direct Plan: 0.80% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 10.742 | ₹ 10.616 |
| IDCW | ₹ 10.741 | ₹ 10.614 |
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Ltd | 4.93% |
| HDFC Bank Ltd | 4.01% |
| Axis Bank Ltd | 2.50% |
| State Bank of India | 2.35% |
| Kotak Mahindra Bank Ltd | 0.61% |
| IndusInd Bank Ltd | 0.42% |
| Bank of Baroda | 0.26% |
| The Federal Bank Limited | 0.20% |
| IT - Software | |
| Infosys Ltd | 2.90% |
| Tata Consultancy Services Ltd | 1.20% |
| HCL Technologies Limited | 1.12% |
| Tech Mahindra Limited | 0.50% |
| Coforge Limited | 0.47% |
| LTIMindtree Limited | 0.35% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.52% |
| Fusion Micro Finance Limited | 0.69% |
| Shriram Finance Limited | 0.57% |
| SBI Cards and Payment Services Limited | 0.56% |
| Power Finance Corporation Ltd | 0.48% |
| Can Fin Homes Limited | 0.36% |
| LIC Housing Finance Limited | 0.36% |
| Bajaj Finserv Limited | 0.29% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.22% |
| Bharat Petroleum Corporation Limited | 0.29% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.58% |
| Biocon Ltd | 0.81% |
| Aurobindo Pharma Ltd | 0.45% |
| Torrent Pharmaceuticals Ltd | 0.35% |
| Dr. Reddy's Laboratories Ltd | 0.30% |
| JB Chemicals & Pharmaceuticals Limited | 0.23% |
| Diversified FMCG | |
| ITC Ltd | 2.21% |
| Hindustan Unilever Ltd | 1.20% |
| Automobiles | |
| Tata Motors Limited | 1.58% |
| TVS Motor Company Ltd | 0.86% |
| Maruti Suzuki India Ltd | 0.80% |
| Consumer Durables | |
| Asian Paints Ltd | 0.61% |
| Titan Company Ltd | 0.61% |
| Kajaria Ceramics Ltd | 0.53% |
| Havells India Ltd | 0.40% |
| Crompton Greaves Consumer Electricals Limited | 0.37% |
| Greenply Industries Limited | 0.18% |
| Voltas Ltd | 0.07% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.30% |
| Jindal Steel & Power Limited | 0.83% |
| JSW Steel Limited | 0.49% |
| Insurance | |
| ICICI Lombard General Insurance Company Limited | 1.15% |
| SBI Life Insurance Company Limited | 0.52% |
| Max Financial Services Ltd | 0.36% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.13% |
| Grasim Industries Ltd | 0.50% |
| JK Cement Limited | 0.39% |
| Construction | |
| Larsen & Toubro Ltd | 1.96% |
| Auto Components | |
| Craftsman Automation Limited | 0.75% |
| Sona BLW Precision Forgings Limited | 0.60% |
| CEAT Limited | 0.30% |
| Balkrishna Industries Ltd | 0.01% |
| Retailing | |
| Electronics Mart India Limited | 0.56% |
| Go Fashion (India) Limited | 0.50% |
| Zomato Limited | 0.42% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.87% |
| MTAR Technologies Limited | 0.57% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.13% |
| Personal Products | |
| Emami Limited | 0.69% |
| Dabur India Ltd | 0.36% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.84% |
| Power | |
| NTPC Ltd | 0.83% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.53% |
| KFin Technologies Limited | 0.29% |
| Chemicals & Petrochemicals | |
| Navin Fluorine International Limited | 0.46% |
| SRF Limited | 0.24% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.69% |
| Fertilizers & Agrochemicals | |
| PI Industries Limited | 0.55% |
| Food Products | |
| Britannia Industries Ltd | 0.40% |
| Nestle India Limited | 0.09% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.46% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.29% |
| Sun TV Network Limited | 0.13% |
| Beverages | |
| United Spirits Limited | 0.42% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.38% |
| Agricultural Food & other Products | |
| Marico Limited | 0.25% |
| Transport Services | |
| Gateway Distriparks Limited | 0.19% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.12% |
| Equity Holding Total | 66.85% |
| Equity Futures | |
| Titan Company Ltd June 2023 Future | -0.01% |
| HCL Technologies Ltd June 2023 Future | -0.10% |
| Sun TV Network Ltd June 2023 Future | -0.13% |
| Larsen & Toubro Ltd July 2023 Future | -0.16% |
| The Federal Bank Ltd June 2023 Future | -0.20% |
| United Spirits Ltd June 2023 Future | -0.21% |
| Larsen & Toubro Ltd June 2023 Future | -0.28% |
| Zee Entertainment Enterprises Ltd June 2023 Future | -0.29% |
| Dr. Reddy's Laboratories Ltd June 2023 Future | -0.30% |
| Britannia Industries Ltd June 2023 Future | -0.40% |
| Biocon Ltd June 2023 Future | -0.41% |
| Tata Motors Ltd June 2023 Future | -0.44% |
| Tata Steel Ltd June 2023 Future | -0.44% |
| Navin Fluorine International Ltd June 2023 Future | -0.46% |
| HDFC Ltd June 2023 Future | -0.47% |
| Hindalco Industries Ltd June 2023 Future | -0.47% |
| HDFC Bank Ltd June 2023 Future | -0.47% |
| Coforge Ltd June 2023 Future | -0.47% |
| JSW Steel Ltd June 2023 Future | -0.49% |
| Infosys Ltd June 2023 Future | -0.50% |
| Grasim Industries Ltd June 2023 Future | -0.50% |
| Reliance Industries Ltd June 2023 Future | -0.50% |
| ITC Ltd June 2023 Future | -0.51% |
| Tech Mahindra Ltd June 2023 Future | -0.51% |
| Sun Pharmaceutical Industries Ltd June 2023 Future | -0.52% |
| ICICI Lombard General Insurance Company Ltd June 2023 Future | -0.52% |
| Hindustan Unilever Ltd June 2023 Future | -0.53% |
| PI Industries Ltd June 2023 Future | -0.55% |
| Ambuja Cements Ltd June 2023 Future | -0.56% |
| Axis Bank Ltd June 2023 Future | -0.56% |
| Asian Paints Ltd June 2023 Future | -0.61% |
| ICICI Bank Ltd June 2023 Future | -0.69% |
| Jindal Steel & Power Ltd June 2023 Future | -0.83% |
| Equity Futures Total | -14.09% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 6.68% |
| 6.54% GOI (17/01/2032) | 4.55% |
| 7.26% GOI (06/02/2033) | 0.96% |
| Government Bond Total | 12.18% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.34% |
| 7.4% HDFC Ltd (02/06/2025) ** | 2.33% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.33% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) ** | 2.27% |
| 9% HDFC Ltd (29/11/2028) ** | 0.84% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.71% |
| 6.92% REC Ltd (20/03/2032) ** | 0.46% |
| Corporate Bond Total | 11.27% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) ** # | 1.85% |
| Certificate of Deposit Total | 1.85% |
| Cash & Other Receivables Total | 21.94% |
| Total | 100.00% |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| MABAF | 2.59% |
6.16% |
||
| Scheme Benchmark* | 1.86% |
6.22% |
||
| Additional Benchmark** | -1.61% |
6.98% |
||
| NAV as on 31st May, 2023 | ₹ 10.616 | |||
| Index Value (31st May, 2023) | Index Value of benchmark is 12,668.94 and Nifty 50 Index (TRI) is 27,057.44 |
|||
| 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 |
4.02 Years |
Modified Duration |
3.12 Years |
Macaulay Duration |
3.26 Years |
Annualized Portfolio YTM* |
7.38% |
*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.