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)(Since 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 November 30, 2023 | 7,783.86 |
| Net AUM (₹ Cr.) | 7,936.48 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 |
Regular Plan: 1.74% Direct Plan: 0.38% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 29.105 | ₹ 25.496 |
| IDCW | ₹ 19.437 | ₹ 16.301 |
| New Position Bought |
| Stock |
| Automobiles |
| Eicher Motors Limited |
| Positions Increase |
| Stock |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Gas |
| Gujarat State Petronet Limited |
| Positions Decreased |
| Stock |
| Automobiles |
| Tata Motors Limited |
| Food Products |
| Nestle India Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Insurance |
| ICICI Lombard General Insurance Company Limited |
| Pharmaceuticals & Biotechnology |
| Sun Pharmaceutical Industries Limited |
| Retailing |
| Electronics Mart India Limited |
Average Maturity |
3.55 Years |
Modified Duration |
2.67 Years |
Macaulay Duration |
2.80 Years |
Annualized Portfolio YTM* |
7.86% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 6.60% |
| ICICI Bank Limited | 5.16% |
| State Bank of India | 3.39% |
| Axis Bank Limited | 3.28% |
| IndusInd Bank Limited | 0.69% |
| Kotak Mahindra Bank Limited | 0.65% |
| The Federal Bank Limited | 0.46% |
| IT - Software | |
| Infosys Limited | 3.54% |
| Tata Consultancy Services Limited | 1.86% |
| HCL Technologies Limited | 0.65% |
| MphasiS Limited | 0.59% |
| Petroleum Products | |
| Reliance Industries Limited | 3.98% |
| Automobiles | |
| Tata Motors Limited | 1.48% |
| Maruti Suzuki India Limited | 0.99% |
| TVS Motor Company Limited | 0.72% |
| Eicher Motors Limited | 0.33% |
| Pharmaceuticals & Biotechnology | |
| Aurobindo Pharma Limited | 1.35% |
| Sun Pharmaceutical Industries Limited | 1.34% |
| Torrent Pharmaceuticals Limited | 0.52% |
| Biocon Limited | 0.30% |
| Consumer Durables | |
| Havells India Limited | 0.83% |
| Kajaria Ceramics Limited | 0.70% |
| Greenply Industries Limited | 0.67% |
| Titan Company Limited | 0.58% |
| Crompton Greaves Consumer Electricals Limited | 0.51% |
| Diversified FMCG | |
| ITC Limited | 2.02% |
| Hindustan Unilever Limited | 1.08% |
| Finance | |
| Shriram Finance Limited | 1.06% |
| LIC Housing Finance Limited | 0.57% |
| Bajaj Finserv Limited | 0.54% |
| Cholamandalam Financial Holdings Limited | 0.46% |
| SBI Cards and Payment Services Limited | 0.40% |
| Construction | |
| Larsen & Toubro Limited | 2.37% |
| Auto Components | |
| Craftsman Automation Limited | 1.16% |
| Samvardhana Motherson International Limited | 0.75% |
| Sona BLW Precision Forgings Limited | 0.42% |
| Power | |
| NTPC Limited | 2.05% |
| Transport Services | |
| Delhivery Limited | 0.75% |
| InterGlobe Aviation Limited | 0.64% |
| Gateway Distriparks Limited | 0.53% |
| Telecom - Services | |
| Bharti Airtel Limited | 1.84% |
| Insurance | |
| SBI Life Insurance Company Limited | 0.73% |
| Max Financial Services Limited | 0.69% |
| ICICI Lombard General Insurance Company Limited | 0.35% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 0.98% |
| UltraTech Cement Limited | 0.66% |
| Retailing | |
| Zomato Limited | 0.71% |
| Electronics Mart India Limited | 0.59% |
| Go Fashion (India) Limited | 0.27% |
| Ferrous Metals | |
| Tata Steel Limited | 1.10% |
| Chemicals & Petrochemicals | |
| Vinati Organics Limited | 0.58% |
| Tatva Chintan Pharma Chem Limited | 0.44% |
| Aerospace & Defense | |
| Bharat Electronics Limited | 0.99% |
| Gas | |
| Gujarat State Petronet Limited | 0.99% |
| Personal Products | |
| Dabur India Limited | 0.71% |
| Emami Limited | 0.19% |
| Industrial Products | |
| Prince Pipes and Fittings Limited | 0.83% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.59% |
| Yatra Online Limited | 0.23% |
| Electrical Equipment | |
| TD Power Systems Limited | 0.57% |
| Avalon Technologies Limited | 0.16% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.72% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.54% |
| Textiles & Apparels | |
| Page Industries Limited | 0.42% |
| Food Products | |
| Nestle India Limited | 0.30% |
| Britannia Industries Limited | 0.07% |
| Capital Markets | |
| Indian Energy Exchange Limited | 0.28% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.22% |
| Equity Holding Total | 72.72% |
| Corporate Bond | |
| 7.90% Jamnagar Uti & Pow Pvt (10/08/2028)**# | 0.98% |
| 7.33% Larsen & Toubro (09/12/2024)**# | 0.63% |
| 7.1% Muthoot Fin Ltd (20/06/2024)**# | 0.63% |
| 9.0% Shriram Fin Ltd (24/06/2024)**# | 0.63% |
| 8.3% Muthoot Fin Ltd (06/01/2026)**# | 0.62% |
| 7.25% NABARD (01/08/2025)**# | 0.62% |
| 7.42% Power Finanace Corp Ltd (08/09/32)**# | 0.62% |
| 7.25% SIDBI (31/07/2025)**# | 0.62% |
| 7.38% Cholamandalam Inv&Fin (31/07/24)**# | 0.50% |
| 8.30% Godrej Prop Ltd (19/03/2027)**# | 0.50% |
| 6.92% REC Ltd (20/03/2032)**# | 0.48% |
| 8.43% Muthoot Finance Ltd (31/07/26)**# | 0.44% |
| 9.50% Motilal Oswal Finvest (12/09/25)**# | 0.38% |
| 7.77% Embassy Off Park (05/06/25)**# | 0.31% |
| 9% Northern Arc (12/07/2024)**# | 0.31% |
| 7.725% Larsen & Toubro (28/04/2028)**# | 0.31% |
| 7.6% REC Ltd (28/02/2026)**# | 0.31% |
| 7.53% REC Ltd (31/03/2033)**# | 0.31% |
| 7.15% SIDBI (02/06/2025)**# | 0.31% |
| 7.9237% Bajaj Hous Fin (16/03/26)**# | 0.28% |
| 7.9% Bajaj Fin Ltd (17/11/25)**# | 0.25% |
| 4.5% Oil & Nat Gas Corp Ltd (09/02/2024)**# | 0.23% |
| 7.7201% LIC Hsg Fin (12/02/2026)**# | 0.19% |
| 7.4% NABARD (30/01/2026)**# | 0.19% |
| 6.88% REC Ltd (20/03/2025)**# | 0.19% |
| 7.50% Power Grid Corp Ltd (24/08/33)**# | 0.19% |
| 5.23% NABARD N(31/01/2025)**# | 0.18% |
| 8.7% Bharti Telecom (21/11/2024)**# | 0.16% |
| 7.57% NABARD (19/03/2026)**# | 0.16% |
| 7.95% ICICI Home Fin (24/11/2025)**# | 0.13% |
| 7.70% REC Ltd (10/12/2027)**# | 0.13% |
| 5.24% SIDBI (26/03/2024)**# | 0.13% |
| 6.25% Embassy Off Park (18/10/24)**# | 0.12% |
| 5.5315% LIC Hsg Fin (20/12/2024)**# | 0.12% |
| 5.776% LIC Hous Fin Ltd (11/09/2025)**# | 0.12% |
| 6.09% Power Fin Corp (27/08/26)**# | 0.12% |
| 7.13% Power Fin Corp Ltd (08/08/25)**# | 0.12% |
| 8.45% LIC Hsng Fin Ltd (22/05/26)**# | 0.06% |
| 8.48% LIC Hsg Fin Ltd (29/06/26)**# | 0.06% |
| 8.05% NTPC Ltd (05/05/2026)**# | 0.06% |
| 8.95% IDFC First Bank Ltd (13/05/2025)**# | 0.05% |
| 8.8% IDFC First Bank Ltd (15/06/25)**# | 0.05% |
| 5.6% Indian Oil Corp. Ltd (23/01/2026)**# | 0.02% |
| Corporate Bond Total | 12.82% |
| Government Bond | |
| 7.26% GOI (06/02/2033) | 3.01% |
| 7.38% GOI (20/06/2027) | 1.72% |
| 7.26% GOI (22/08/2032) | 1.11% |
| 7.06% GOI (10/04/2028) | 0.68% |
| 7.41% GOI (19/12/2036) | 0.51% |
| 7.18% GOI (14/08/2033) | 0.22% |
| Government Bond Total | 7.25% |
| Commercial Paper | |
| IIFL Samasta Finance Ltd (24/04/2024)**# | 0.51% |
| Birla Group Holdings Pvt Ltd (13/03/2024)**# | 0.44% |
| Motilal Oswal Fin Ser Ltd (23/08/2024)**# | 0.41% |
| Muthoot Finance Ltd (15/05/2024)**# | 0.19% |
| Small Ind Dev Bk of India (15/02/2024)**# | 0.19% |
| IGH Holdings Private Ltd (19/03/2024)**# | 0.14% |
| Commercial Paper Total | 1.88% |
| Certificate of Deposit | |
| ICICI Bank Ltd (13/06/2024)**# | 0.40% |
| ICICI Bank Ltd (29/10/2024)**# | 0.18% |
| Axis Bank Ltd (21/06/2024)**# | 0.18% |
| Axis Bank Ltd (28/02/2024)**# | 0.15% |
| HDFC Bank Ltd (13/09/2024)**# | 0.12% |
| Small Ind Dev Bk of India (21/06/2024)**# | 0.12% |
| Indian Bank (05/03/2024)**# | 0.11% |
| Certificate of Deposit Total | 1.26% |
| State Government Bond | |
| 7.49% MEGHALAYA SDL (21/12/2027) | 0.31% |
| 6.99% Telangana SDL (10/06/2028) | 0.14% |
| 7.74% Tamilnadu UDAY SDL (22/02/2024) | 0.13% |
| 7.61% Rajasthan SDL (29/03/2027) | 0.13% |
| 7.59% Karnataka SDL (29/03/2027) | 0.05% |
| 7.25% Punjab SDL (14/06/2027) | 0.04% |
| 8.39% Andhra Pradesh SDL (27/01/2026) | 0.02% |
| 7.85% Rajasthan SDL (15/03/2027) | 0.02% |
| State Government Bond Total | 0.84% |
| Zero Coupon Bond | |
| Hero Fincorp Ltd (13/08/2024)**# | 0.68% |
| Zero Coupon Bond Total | 0.68% |
| Cash & Other Receivables Total | 2.55% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MAHEF | 10.74% | 14.68% | 12.77% | 11.87% |
| Scheme Benchmark* | 9.78% | 13.91% | 13.12% | 11.60% |
| Additional Benchmark** | 7.59% | 16.32% | 14.46% | 12.60% |
| NAV as on 30th November, 2023 | ₹ 25.496 | |||
| Index Value ( 30th November, 2023) | Index Value of Scheme benchmark is 16,579.05 and S&P BSE Sensex (TRI) is 1,02,618.94 |
|||
| 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.
Latest available NAV has been taken for return calculation wherever applicable
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
| Period | Total Amount Invested | Mkt Value as on 30-November-2023 |
SI |
10,00,000 | 17,24,381 |
7 Yrs |
8,40,000 | 13,22,807 |
5 Yrs |
6,00,000 | 8,48,389 |
3 Yrs |
3,60,000 | 4,28,109 |
1 Yr |
1,20,000 | 1,31,050 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
12.72 | 12.75 | 13.84 | 11.60 | 17.56 |
Benchmark Return& (%) |
12.68 | 12.84 | 13.87 | 11.63 | 17.19 |
Add. Benchmark Return& (%) |
14.57 | 14.80 | 15.69 | 12.43 | 14.92 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 9.72% |
| Beta: | 1.01 |
| R Squared | 0.92 |
| Sharpe Ratio#: | 0.80 |
| Information Ratio | 0.26 |
| Portfolio Turnover Ratio | 0.56 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 30th November, 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.
| Regular Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.25 |
10.00 |
15.490 |
| Direct Plan | |||
| Record Date | Quantum (₹ per unit) |
Face Value (₹ per unit) |
NAV (₹ per unit) |
14-Feb-23 |
1.50 |
10.00 |
18.300 |
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 & Direct Plan - IDCW Option