MIRAE ASSET
HYBRID EQUITY FUND - (MAHEF)
(Aggressive Hybrid Fund - An open ended hybrid scheme investing predominantly in equity and equity related instruments) | Type of Scheme | Aggressive Hybrid Fund - An open ended hybrid scheme investing predominantly in equity and equity related instruments |
| Investment Objective | The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity & equity related instruments and balance in debt and money market instruments. The Scheme does not guarantee or assure any returns |
Fund Managers** |
Mr. Harshad Borawake (Equity Portion)(April 01, 2020), Mr.Vrijesh Kasera (Since April 01, 2020) and Mr. Mahendra Jajoo (Debt Portion) (since September 8, 2016) |
| Allotment Date | 29th July, 2015 |
| Benchmark Index | CRISIL Hybrid 35+65 -Aggressive Index |
| Minimum Investment Amount |
₹5,000/- and in 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: Minimum of ₹1000/- (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 February 28, 2023 | 7,081.20 |
| Net AUM (₹ Cr.) | 6,952.71 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2023 |
Regular Plan: 1.77% Direct Plan: 0.36% |
| **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 | ₹ 24.661 | ₹ 21.823 |
| IDCW^ | ₹ 16.469 | ₹ 13.953 |
| New Position Bought |
| Stock |
| Finance |
| Bajaj Finserv Limited |
| Food Products |
| Nestle India Limited |
| Positions Increased |
| Stock |
| Automobiles |
| Tata Motors Limited |
| Consumer Durables |
| Titan Company Limited |
| Insurance |
| Max Financial Services Limited |
| SBI Life Insurance Company Limited |
| IT - Software |
| MphasiS Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Personal Products |
| Dabur India Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Sun Pharmaceutical Industries Limited |
| Torrent Pharmaceuticals Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Food Products |
| Britannia Industries Limited |
| IT - Software |
| Infosys Limited |
| Tata Consultancy Services Limited |
| Retailing |
| Zomato Limited |
| Portfolio Holdings | % Allocation |
Banks |
|
ICICI Bank Ltd |
5.29% |
HDFC Bank Ltd |
4.89% |
Axis Bank Ltd |
3.48% |
State Bank of India |
3.11% |
Kotak Mahindra Bank Ltd |
1.04% |
Bank of Baroda |
0.65% |
IT - Software |
|
Infosys Ltd |
4.08% |
Tata Consultancy Services Ltd |
2.11% |
HCL Technologies Ltd |
0.69% |
MphasiS Ltd |
0.64% |
Petroleum Products |
|
Reliance Industries Ltd |
5.17% |
Hindustan Petroleum Corporation Ltd |
0.45% |
Finance |
|
Housing Development Finance Corporation Ltd |
1.86% |
SBI Cards and Payment Services Ltd |
0.82% |
Shriram Finance Ltd |
0.71% |
Can Fin Homes Ltd |
0.46% |
Bajaj Finserv Ltd |
0.36% |
Consumer Durables |
|
Havells India Ltd |
0.95% |
Titan Company Ltd |
0.89% |
Kajaria Ceramics Ltd |
0.76% |
Greenply Industries Ltd |
0.52% |
Crompton Greaves Consumer Electricals Ltd |
0.50% |
Voltas Ltd |
0.03% |
Asian Paints Ltd |
0.00% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.67% |
Torrent Pharmaceuticals Ltd |
0.86% |
Aurobindo Pharma Ltd |
0.58% |
Laurus Labs Ltd |
0.32% |
Automobiles |
|
Maruti Suzuki India Ltd |
1.41% |
Tata Motors Ltd |
1.22% |
TVS Motor Company Ltd |
0.77% |
Auto Components |
|
Craftsman Automation Ltd |
1.17% |
Sona BLW Precision Forgings Ltd |
0.78% |
Apollo Tyres Ltd |
0.65% |
Diversified FMCG |
|
ITC Ltd |
1.97% |
Hindustan Unilever Ltd |
0.56% |
Insurance |
|
SBI Life Insurance Company Ltd |
1.06% |
ICICI Lombard General Insurance Company Ltd |
0.65% |
Max Financial Services Ltd |
0.55% |
Construction |
|
Larsen & Toubro Ltd |
2.02% |
Telecom - Services |
|
Bharti Airtel Ltd |
1.87% |
Chemicals & Petrochemicals |
|
Vinati Organics Ltd |
0.73% |
Tatva Chintan Pharma Chem Ltd |
0.64% |
Chemplast Sanmar Ltd |
0.29% |
Personal Products |
|
Dabur India Ltd |
0.81% |
Emami Ltd |
0.66% |
Cement & Cement Products |
|
Ambuja Cements Ltd |
0.94% |
Nuvoco Vistas Corporation Ltd |
0.46% |
Ferrous Metals |
|
Tata Steel Ltd |
1.33% |
Transport Services |
|
Delhivery Ltd |
0.91% |
Gateway Distriparks Ltd |
0.34% |
Power |
|
NTPC Ltd |
1.18% |
Gas |
|
Gujarat State Petronet Ltd |
1.06% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
1.00% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Ltd |
0.92% |
Retailing |
|
Zomato Ltd |
0.61% |
Electronics Mart India Ltd |
0.21% |
Industrial Products |
|
Prince Pipes And Fittings Ltd |
0.76% |
Leisure Services |
|
Westlife Foodworld Ltd |
0.69% |
Capital Markets |
|
Indian Energy Exchange Ltd |
0.55% |
Textiles & Apparels |
|
Page Industries Ltd |
0.49% |
Non - Ferrous Metals |
|
Hindalco Industries Ltd |
0.48% |
Food Products |
|
Nestle India Ltd |
0.43% |
Britannia Industries Ltd |
0.01% |
Financial Technology (Fintech) |
|
One 97 Communications Ltd |
0.17% |
Equity Holding Total |
73.27% |
Corporate Bond |
|
8.25% IIFL Finance Ltd (14/10/2023) ** |
0.86% |
8.3% Muthoot Finance Ltd (06/01/2026) ** |
0.71% |
7.25% NABARD (01/08/2025) ** |
0.71% |
7.25% Small Industries Dev Bank of India (31/07/2025) |
0.71% |
7.1% Muthoot Finance Ltd (20/06/2024) ** |
0.71% |
5.74% REC Ltd (20/06/2024) ** |
0.70% |
5.27% NABARD (29/04/2024) ** |
0.70% |
6.15% L&T Finance Ltd (17/05/2023) ** |
0.65% |
5.53% NABARD (22/02/2024) |
0.56% |
6.4% Jamnagar Utilities & Power Private Ltd (29/09/2026) ** |
0.48% |
9% Muthoot Finance Ltd (19/04/2023) ** |
0.39% |
7.6% REC Ltd (27/02/2026) ** |
0.36% |
7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** |
0.35% |
7.15% Small Industries Dev Bank of India (02/06/2025) ** |
0.35% |
6.09% Power Finance Corporation Ltd (27/08/2026) ** |
0.20% |
8.7% Bharti Telecom Ltd (21/11/2024) ** |
0.18% |
6.55% National Housing Bank (17/04/2023) ** |
0.16% |
7.7% REC Ltd (10/12/2027) ** |
0.14% |
6.26% Cholamandalam Investment and Finance Company Ltd (18/04/2023) ** |
0.14% |
7.95% ICICI Home Finance Company Ltd (24/11/2025) ** |
0.14% |
6.72% Power Finance Corporation Ltd (09/06/2023) ** |
0.14% |
5.24% Small Industries Dev Bank of India (26/03/2024) ** |
0.14% |
5.5315% LIC Housing Finance Ltd (20/12/2024) ** |
0.14% |
8.48% LIC Housing Finance Ltd (29/06/2026) ** |
0.07% |
8.45% LIC Housing Finance Ltd (22/05/2026) ** |
0.07% |
8.05% NTPC Ltd (05/05/2026) ** |
0.07% |
7.55% REC Ltd (26/09/2023) ** |
0.07% |
8.95% IDFC First Bank Ltd (13/05/2025) ** |
0.06% |
8.8% IDFC First Bank Ltd (15/06/2025) ** |
0.06% |
5.6% Indian Oil Corporation Ltd (23/01/2026) ** |
0.02% |
Corporate Bond Total |
10.05% |
Government Bond |
|
7.26% GOI (22/08/2032) |
3.73% |
7.38% GOI (20/06/2027) |
2.73% |
6.64% GOI (16/06/2035) |
0.67% |
6.22% GOI (16/03/2035) |
0.65% |
5.74% GOI (15/11/2026) |
0.27% |
Government Bond Total |
8.05% |
Commercial Paper |
|
Poonawalla Fincorp Ltd (29/03/2023) ** |
0.72% |
Motilal Oswal Financial Services Ltd (06/06/2023) ** |
0.70% |
Piramal Enterprises Ltd (20/03/2023) ** |
0.36% |
Tata Motors Finance Ltd (28/04/2023) ** |
0.36% |
Tata Motors Finance Ltd (10/11/2023) ** |
0.34% |
HDFC Ltd (28/11/2023) ** |
0.20% |
Commercial Paper Total |
2.67% |
Certificate of Deposit |
|
SBM Bank India Ltd (09/06/2023) ** # |
0.35% |
Small Industries Dev Bank of India (30/05/2023) ** # |
0.21% |
Union Bank of India (10/01/2024) # |
0.20% |
Canara Bank (12/06/2023) ** # |
0.14% |
Kotak Mahindra Bank Ltd (26/06/2023) ** # |
0.14% |
Export Import Bank of India (22/06/2023) ** # |
0.07% |
Axis Bank Ltd (19/01/2024) ** # |
0.07% |
Small Industries Dev Bank of India (31/01/2024) ** # |
0.07% |
Certificate of Deposit Total |
1.25% |
State Government Bond |
|
7.49% MEGHALAYA SDL (21/12/2027) |
0.36% |
7.74% Tamilnadu UDAY SDL (22/02/2024) |
0.14% |
7.61% Rajasthan SDL (29/03/2027) |
0.14% |
7.59% Karnataka SDL (29/03/2027) |
0.06% |
7.25% Punjab SDL (14/06/2027) |
0.04% |
7.85% Rajasthan SDL (15/03/2027) |
0.02% |
8.39% Andhra Pradesh SDL (27/01/2026) |
0.02% |
State Government Bond Total |
0.79% |
Zero Coupon Bond |
|
Hero Fincorp Ltd (13/08/2024) ** |
0.73% |
Zero Coupon Bond Total |
0.73% |
Cash & Other Receivables Total |
3.18% |
Total |
100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MAHEF | 2.86% | 13.56% | 9.99% | 10.83% |
| Scheme Benchmark* | 3.15% | 13.87% | 10.44% | 10.58% |
| Additional Benchmark** | 6.19% | 16.86% | 12.85% | 11.87% |
| NAV as on 28th February, 2023 | ₹ 21.823 | |||
| Index Value (28th February, 2023) | Index Value of Scheme benchmark is 14,241.25 and S&P BSE Sensex (TRI) is 89,281.77 |
|||
| Allotment Date | 29th July, 2015 | |||
| Scheme Benchmark | *CRISIL Hybrid 35+65 -Aggressive Index | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Fund managers: Mr. Harshad Borawake (Equity Portion) (April 01, 2020), Vrijesh Kasera (Equity Portion) (Since April 01, 2020) & Mr. Mahendra Jajoo (Debt Portion) (since September 08, 2016)
Note: Returns below or for 1 year are absolute returns, returns above 1 year 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
| Volatility | 16.31% |
| Beta: | 1.07 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.42 |
| Information Ratio | -0.08 |
| Portfolio Turnover Ratio | 0.61 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 28th February, 2023.^Basis last rolling 12 months. |
|
This product is suitable for investors who are seeking*
• Capital appreciation along with current income over long term
• Aggressive hybrid fund investing predominantly In equites & equity related instruments with balance exposure to debt & money market instruments
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Average Maturity |
3.68 Years |
Modified Duration |
2.79 Years |
Macaulay Duration |
3.73 Years |
Annualized Portfolio YTM* |
7.91% |
*In case of semi annual YTM, it will be annualized.
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
16-Dec-19 |
0.71 per Unit |
10 |
13.498 |
23-Mar-21 |
1.20 per Unit |
10 |
15.423 |
28-Mar-22 |
1.25 per Unit |
10 |
16.283 |
24-Mar-23 |
1.25 per Unit |
10 |
15.494 |
Past Performance may or may not be sustained in future. Pursuant to payment of IDCW the NAV of the IDCW option of the scheme will fall to the extent of payout and statutory levy (if any). IDCW history is for MAHEF- Regular Plan - IDCW Option
| Period | Total Amount Invested | Mkt Value as on 28-February-2023 |
SI |
910,000 |
1,392,738 |
7 Yrs |
840,000 |
1,237,266 |
5 Yrs |
600,000 |
786,602 |
3 Yr |
360,000 |
420,504 |
1 Yr |
120,000 |
120,260 |
Returns (%) |
Period |
||||
SI |
10yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
11.00 |
10.89 |
10.79 |
10.39 |
0.41 |
Benchmark Return& (%) |
11.05 |
11.00 |
11.01 |
10.24 |
0.05 |
Add. Benchmark Return& (%) |
13.61 |
13.74 |
13.78 |
14.85 |
3.93 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.