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 July 31, 2023 | 1,145.35 |
| Net AUM (₹ Cr.) |
1,179.20 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on July 31, 2023 |
Regular Plan: 2.17% Direct Plan: 0.76% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 11.374 | ₹ 11.214 |
| IDCW | ₹ 11.371 | ₹ 11.211 |
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Limited | 4.68% |
| HDFC Bank Limited | 4.58% |
| State Bank of India | 2.91% |
| Axis Bank Limited | 2.25% |
| Kotak Mahindra Bank Limited | 0.80% |
| The Federal Bank Limited | 0.61% |
| Bandhan Bank Limited | 0.44% |
| IndusInd Bank Limited | 0.42% |
| Bank of Baroda | 0.00% |
| IT - Software | |
| Infosys Limited | 2.88% |
| Tata Consultancy Services Limited | 1.22% |
| HCL Technologies Limited | 0.99% |
| Tech Mahindra Limited | 0.45% |
| LTIMindtree Limited | 0.31% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Limited | 1.63% |
| Biocon Limited | 0.77% |
| Aurobindo Pharma Limited | 0.64% |
| Torrent Pharmaceuticals Limited | 0.34% |
| Dr. Reddy's Laboratories Limited | 0.33% |
| JB Chemicals & Pharmaceuticals Limited | 0.24% |
| Automobiles | |
| Tata Motors Limited | 1.47% |
| Maruti Suzuki India Limited | 1.27% |
| Eicher Motors Limited | 0.44% |
| TVS Motor Company Limited | 0.36% |
| Petroleum Products | |
| Reliance Industries Limited | 3.47% |
| Bharat Petroleum Corporation Limited | 0.02% |
| Finance | |
| Shriram Finance Limited | 0.73% |
| Fusion Micro Finance Limited | 0.69% |
| Power Finance Corporation Limited | 0.62% |
| Reliance Strategic Investments Limited | 0.36% |
| SBI Cards and Payment Services Limited | 0.31% |
| Bajaj Finserv Limited | 0.29% |
| LIC Housing Finance Limited | 0.24% |
| Diversified FMCG | |
| ITC Limited | 2.09% |
| Hindustan Unilever Limited | 0.95% |
| Ferrous Metals | |
| Tata Steel Limited | 1.37% |
| Jindal Steel & Power Limited | 0.58% |
| JSW Steel Limited | 0.51% |
| Construction | |
| Larsen & Toubro Limited | 2.15% |
| Consumer Durables | |
| Voltas Limited | 0.50% |
| Titan Company Limited | 0.48% |
| Kajaria Ceramics Limited | 0.38% |
| Havells India Limited | 0.37% |
| Crompton Greaves Consumer Electricals Limited | 0.24% |
| Greenply Industries Limited | 0.18% |
| Insurance | |
| SBI Life Insurance Company Limited | 0.93% |
| ICICI Lombard General Insurance Company Limited | 0.67% |
| Max Financial Services Limited | 0.33% |
| HDFC Life Insurance Company Limited | 0.06% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.12% |
| Grasim Industries Limited | 0.45% |
| JK Cement Limited | 0.36% |
| Auto Components | |
| Craftsman Automation Limited | 0.64% |
| Samvardhana Motherson International Limited | 0.50% |
| Sona BLW Precision Forgings Limited | 0.45% |
| Apollo Tyres Limited | 0.26% |
| Retailing | |
| Electronics Mart India Limited | 0.70% |
| Go Fashion (India) Limited | 0.50% |
| Zomato Limited | 0.46% |
| Aerospace & Defense | |
| Bharat Electronics Limited | 0.76% |
| MTAR Technologies Limited | 0.58% |
| Ideaforge Technology Limited | 0.28% |
| Food Products | |
| Dodla Dairy Limited | 0.59% |
| Britannia Industries Limited | 0.47% |
| Nestle India Limited | 0.02% |
| Electrical Equipment | |
| TD Power Systems Limited | 1.00% |
| Telecom - Services | |
| Bharti Airtel Limited | 0.99% |
| Power | |
| NTPC Limited | 0.94% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.87% |
| Personal Products | |
| Emami Limited | 0.52% |
| Dabur India Limited | 0.34% |
| Consumable Fuels | |
| Coal India Limited | 0.80% |
| Industrial Products | |
| Astral Limited | 0.43% |
| Prince Pipes And Fittings Limited | 0.35% |
| Agricultural Food & other Products | |
| Tata Consumer Products Limited | 0.39% |
| Marico Limited | 0.23% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.59% |
| Fertilizers & Agrochemicals | |
| PI Industries Limited | 0.50% |
| Capital Markets | |
| KFin Technologies Limited | 0.30% |
| Indian Energy Exchange Limited | 0.19% |
| Entertainment | |
| Zee Entertainment Enterprises Limited | 0.33% |
| Sun TV Network Limited | 0.14% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.40% |
| Transport Services | |
| Gateway Distriparks Limited | 0.20% |
| Container Corporation of India Limited | 0.18% |
| Beverages | |
| United Spirits Limited | 0.15% |
| Textiles & Apparels | |
| Page Industries Limited | 0.01% |
| Chemicals & Petrochemicals | |
| SRF Limited | 0.00% |
| Equity Holding Total | 66.54% |
| Equity Futures | |
| HDFC Life Insurance Company Ltd August 2023 Future | -0.06% |
| HCL Technologies Ltd August 2023 Future | -0.09% |
| Sun TV Network Ltd August 2023 Future | -0.15% |
| United Spirits Ltd August 2023 Future | -0.15% |
| Container Corporation of India Ltd August 2023 Future | -0.18% |
| The Federal Bank Ltd August 2023 Future | -0.20% |
| Kotak Mahindra Bank Ltd August 2023 Future | -0.31% |
| Zee Entertainment Enterprises Ltd August 2023 Future | -0.33% |
| Dr. Reddy's Laboratories Ltd August 2023 Future | -0.34% |
| Biocon Ltd August 2023 Future | -0.38% |
| Tata Consumer Products Ltd August 2023 Future | -0.40% |
| Voltas Ltd August 2023 Future | -0.41% |
| Axis Bank Ltd August 2023 Future | -0.42% |
| Astral Ltd August 2023 Future | -0.43% |
| Eicher Motors Ltd August 2023 Future | -0.44% |
| Bandhan Bank Ltd August 2023 Future | -0.44% |
| Grasim Industries Ltd August 2023 Future | -0.45% |
| SBI Life Insurance Company Ltd August 2023 Future | -0.45% |
| State Bank of India August 2023 Future | -0.45% |
| Tech Mahindra Ltd August 2023 Future | -0.46% |
| Hindustan Unilever Ltd August 2023 Future | -0.46% |
| Tata Steel Ltd August 2023 Future | -0.46% |
| Infosys Ltd August 2023 Future | -0.47% |
| Britannia Industries Ltd August 2023 Future | -0.47% |
| ITC Ltd August 2023 Future | -0.48% |
| Hindalco Industries Ltd August 2023 Future | -0.48% |
| Larsen & Toubro Ltd August 2023 Future | -0.48% |
| Tata Motors Ltd August 2023 Future | -0.49% |
| PI Industries Ltd August 2023 Future | -0.50% |
| JSW Steel Ltd August 2023 Future | -0.52% |
| Sun Pharmaceutical Industries Ltd August 2023 Future | -0.55% |
| Ambuja Cements Ltd August 2023 Future | -0.55% |
| Jindal Steel & Power Ltd August 2023 Future | -0.59% |
| Maruti Suzuki India Ltd August 2023 Future | -0.61% |
| ICICI Bank Ltd August 2023 Future | -0.65% |
| Coal India Ltd August 2023 Future | -0.79% |
| Equity Futures Total | -15.06% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 5.98% |
| 6.54% GOI (17/01/2032) | 4.06% |
| 7.26% GOI (06/02/2033) | 0.85% |
| Government Bond Total | 10.90% |
| Corporate Bond | |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.11% |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.11% |
| 7.4% HDFC Bank Ltd (02/06/2025) ** | 2.11% |
| 5.23% NABARD (31/01/2025) ** | 2.05% |
| 9% HDFC Bank Ltd (29/11/2028) ** | 0.76% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.64% |
| 6.92% REC Ltd (20/03/2032) ** | 0.41% |
| Corporate Bond Total | 10.18% |
| Certificate of Deposit | |
| Punjab National Bank (18/08/2023) # | 1.69% |
| Certificate of Deposit Total | 1.69% |
| Cash & Other Receivables Total | 25.75% |
| Total | 100.00% |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| MABAF | 23.54% |
12.54% |
||
| Scheme Benchmark* | 17.54% |
10.37% |
||
| Additional Benchmark** | 25.32% |
13.24% |
||
| NAV as on 31st July, 2023 | ₹ 11.214 | |||
| Index Value (31st July, 2023) | Index Value of benchmark is 13,125.57 and Nifty 50 Index (TRI) is 28,910.43 |
|||
| 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 |
2.81 Years |
Modified Duration |
2.22 Years |
Macaulay Duration |
2.33 Years |
Annualized Portfolio YTM* |
7.19% |
*In case of semi annual YTM, it will be annualized.