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 January 31, 2023 | 961.32 |
| Net AUM (₹ Cr.) |
964.00 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on January 31, 2023 |
Regular Plan: 2.27% Direct Plan: 0.82% |
| **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 | ₹ 10.170 | ₹ 10.098 |
| IDCW^ | ₹ 10.168 | ₹ 10.096 |
Average Maturity |
3.91 Years |
Modified Duration |
3.13 Years |
Macaulay Duration |
3.36 Years |
Annualized Portfolio YTM* |
7.63% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 4.80% |
| ICICI Bank Ltd | 4.49% |
| Axis Bank Ltd | 2.64% |
| State Bank of India | 2.41% |
| Kotak Mahindra Bank Ltd | 1.12% |
| Bandhan Bank Ltd | 0.53% |
| IndusInd Bank Ltd | 0.40% |
| Bank of Baroda | 0.34% |
| IT - Software | |
| Infosys Ltd | 3.62% |
| Tata Consultancy Services Ltd | 1.36% |
| HCL Technologies Ltd | 0.77% |
| LTIMindtree Ltd | 0.38% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.23% |
| Bharat Petroleum Corporation Ltd | 0.46% |
| Hindustan Petroleum Corporation Ltd | 0.13% |
| Automobiles | |
| TVS Motor Company Ltd | 1.82% |
| Maruti Suzuki India Ltd | 1.02% |
| Tata Motors Ltd | 0.72% |
| Mahindra & Mahindra Ltd | 0.53% |
| Bajaj Auto Ltd | 0.51% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.63% |
| Biocon Ltd | 0.62% |
| Aurobindo Pharma Ltd | 0.40% |
| Divi's Laboratories Ltd | 0.32% |
| Dr. Reddy's Laboratories Ltd | 0.31% |
| JB Chemicals & Pharmaceuticals Ltd | 0.24% |
| Torrent Pharmaceuticals Ltd | 0.15% |
| Consumer Durables | |
| Titan Company Ltd | 0.97% |
| Havells India Ltd | 0.59% |
| Asian Paints Ltd | 0.49% |
| Kajaria Ceramics Ltd | 0.37% |
| Crompton Greaves Consumer Electricals Ltd | 0.33% |
| Bata India Ltd | 0.22% |
| Greenply Industries Ltd | 0.18% |
| Voltas Ltd | 0.07% |
| Finance | |
| Shriram Finance Ltd | 0.72% |
| SBI Cards and Payment Services Ltd | 0.71% |
| Power Finance Corporation Ltd | 0.45% |
| Housing Development Finance Corporation Ltd | 0.45% |
| Fusion Micro Finance Ltd | 0.26% |
| Can Fin Homes Ltd | 0.26% |
| CreditAccess Grameen Ltd | 0.17% |
| Diversified FMCG | |
| ITC Ltd | 1.27% |
| Hindustan Unilever Ltd | 1.15% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.17% |
| ICICI Lombard General Insurance Company Ltd | 0.72% |
| Max Financial Services Ltd | 0.36% |
| Auto Components | |
| Sona BLW Precision Forgings Ltd | 0.85% |
| Craftsman Automation Ltd | 0.64% |
| CEAT Ltd | 0.42% |
| S.J.S. Enterprises Ltd | 0.11% |
| Balkrishna Industries Ltd | 0.10% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 0.99% |
| Grasim Industries Ltd | 0.51% |
| JK Cement Ltd | 0.30% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.69% |
| Personal Products | |
| Emami Ltd | 0.76% |
| Marico Ltd | 0.43% |
| Dabur India Ltd | 0.40% |
| Retailing | |
| Electronics Mart India Ltd | 0.72% |
| Zomato Ltd | 0.39% |
| Go Fashion (India) Ltd | 0.35% |
| Construction | |
| Larsen & Toubro Ltd | 1.38% |
| Power | |
| NTPC Ltd | 0.91% |
| Tata Power Company Ltd | 0.48% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.22% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.81% |
| MTAR Technologies Ltd | 0.37% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.53% |
| KFin Technologies Ltd | 0.32% |
| Industrial Manufacturing | |
| Kaynes Technology India Ltd | 0.53% |
| Honeywell Automation India Ltd | 0.25% |
| Food Products | |
| Nestle India Ltd | 0.58% |
| Britannia Industries Ltd | 0.19% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.74% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.37% |
| Sun TV Network Ltd | 0.15% |
| Fertilizers & Agrochemicals | |
| PI Industries Ltd | 0.51% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.48% |
| Diversified Metals | |
| Vedanta Ltd | 0.43% |
| Beverages | |
| United Spirits Ltd | 0.40% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.40% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 0.40% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.38% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.34% |
| Chemicals & Petrochemicals | |
| SRF Ltd | 0.32% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.25% |
| Realty | |
| DLF Ltd | 0.23% |
| Transport Services | |
| Gateway Distriparks Ltd | 0.20% |
| Equity Holding Total | 68.70% |
| Equity Futures | |
| United Spirits Ltd February 2023 Future | -0.15% |
| Sun TV Network Ltd February 2023 Future | -0.15% |
| DLF Ltd February 2023 Future | -0.23% |
| Dr. Reddy's Laboratories Ltd February 2023 Future | -0.32% |
| Zee Entertainment Enterprises Ltd February 2023 Future | -0.38% |
| Ambuja Cements Ltd February 2023 Future | -0.38% |
| Adani Ports and Special Economic Zone Ltd February 2023 Future | -0.40% |
| IndusInd Bank Ltd February 2023 Future | -0.41% |
| Biocon Ltd February 2023 Future | -0.43% |
| Vedanta Ltd February 2023 Future | -0.43% |
| Housing Development Finance Corporation Ltd February 2023 Future | -0.45% |
| Tata Steel Ltd February 2023 Future | -0.47% |
| Tata Power Company Ltd February 2023 Future | -0.48% |
| Asian Paints Ltd February 2023 Future | -0.49% |
| Kotak Mahindra Bank Ltd February 2023 Future | -0.49% |
| Titan Company Ltd February 2023 Future | -0.49% |
| Axis Bank Ltd February 2023 Future | -0.50% |
| PI Industries Ltd February 2023 Future | -0.51% |
| Bajaj Auto Ltd February 2023 Future | -0.51% |
| Grasim Industries Ltd February 2023 Future | -0.51% |
| HDFC Bank Ltd February 2023 Future | -0.52% |
| Bharti Airtel Ltd February 2023 Future | -0.53% |
| Mahindra & Mahindra Ltd February 2023 Future | -0.54% |
| Bandhan Bank Ltd February 2023 Future | -0.54% |
| Hindustan Unilever Ltd February 2023 Future | -0.57% |
| State Bank of India February 2023 Future | -0.57% |
| Nestle India Ltd February 2023 Future | -0.59% |
| SBI Life Insurance Company Ltd February 2023 Future | -0.59% |
| Sun Pharmaceutical Industries Ltd February 2023 Future | -0.60% |
| Infosys Ltd February 2023 Future | -0.65% |
| ICICI Bank Ltd February 2023 Future | -0.67% |
| Ashok Leyland Ltd February 2023 Future | -0.74% |
| Reliance Industries Ltd February 2023 Future | -0.76% |
| TVS Motor Company Ltd February 2023 Future | -1.09% |
| Equity Futures Total | -17.15% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 7.30% |
| 6.54% GOI (17/01/2032) | 4.91% |
| Government Bond Total | 12.21% |
| Corporate Bond | |
| 7.4% Housing Development Finance Corporation Ltd (02/06/2025) | 2.57% |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.56% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.56% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) | 2.48% |
| Corporate Bond Total | 10.17% |
| Certificate of Deposit | |
| Canara Bank (18/08/2023) ** # | 1.99% |
| ICICI Bank Ltd (30/11/2023) ** # | 0.98% |
| Certificate of Deposit Total | 2.97% |
| Cash & Other Receivables Total | 23.10% |
| Total | 100.00% |
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.
Past Performance may or may not be sustained in future.
Note : Since the scheme is in existence for less than 6 Month, as per SEBI regulation performance of the scheme has not been shown. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 