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 January 31, 2023 | 7,166.08 |
| Net AUM (₹ Cr.) | 7,086.69 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on January 31, 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 | ₹ 25.035 | ₹ 22.178 |
| IDCW^ | ₹ 18.206 | ₹ 15.420 |
| Volatility | 16.53% |
| Beta: | 1.08 |
| R Squared | 0.96 |
| Sharpe Ratio#: | 0.37 |
| Information Ratio | -0.19 |
| Portfolio Turnover Ratio | 0.59 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 31st January, 2023.^Basis last rolling 12 months. |
|
Average Maturity |
3.66 Years |
Modified Duration |
2.77 Years |
Macaulay Duration |
3.57 Years |
Annualized Portfolio YTM* |
7.61% |
*In case of semi annual YTM, it will be annualized.
| Record Date | IDCW (₹) | Face Value ( ₹) | Cum Nav ( ₹) |
19-Feb-19 |
0.71 per Unit |
10 |
12.611 |
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 |
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
| Portfolio Holdings | % Allocation |
| Banks | |
| ICICI Bank Ltd | 5.05% |
| HDFC Bank Ltd | 4.81% |
| Axis Bank Ltd | 3.53% |
| State Bank of India | 3.24% |
| Kotak Mahindra Bank Ltd | 1.02% |
| Bank of Baroda | 0.68% |
| IT - Software | |
| Infosys Ltd | 4.32% |
| Tata Consultancy Services Ltd | 2.38% |
| HCL Technologies Ltd | 0.70% |
| MphasiS Ltd | 0.60% |
| Petroleum Products | |
| Reliance Industries Ltd | 5.05% |
| Hindustan Petroleum Corporation Ltd | 0.48% |
| Finance | |
| Housing Development Finance Corporation Ltd | 1.84% |
| SBI Cards and Payment Services Ltd | 0.77% |
| Shriram Finance Ltd | 0.75% |
| Can Fin Homes Ltd | 0.44% |
| Consumer Durables | |
| Havells India Ltd | 0.92% |
| Kajaria Ceramics Ltd | 0.73% |
| Titan Company Ltd | 0.64% |
| Greenply Industries Ltd | 0.53% |
| Crompton Greaves Consumer Electricals Ltd | 0.53% |
| Bata India Ltd | 0.18% |
| Voltas Ltd | 0.03% |
| Asian Paints Ltd | 0.00% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.43% |
| Tata Motors Ltd | 1.23% |
| TVS Motor Company Ltd | 0.73% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.54% |
| Torrent Pharmaceuticals Ltd | 0.82% |
| Aurobindo Pharma Ltd | 0.51% |
| Laurus Labs Ltd | 0.33% |
| Diversified FMCG | |
| ITC Ltd | 1.81% |
| Hindustan Unilever Ltd | 0.87% |
| Auto Components | |
| Craftsman Automation Ltd | 1.10% |
| Sona BLW Precision Forgings Ltd | 0.77% |
| Apollo Tyres Ltd | 0.65% |
| Insurance | |
| SBI Life Insurance Company Ltd | 1.07% |
| ICICI Lombard General Insurance Company Ltd | 0.65% |
| Max Financial Services Ltd | 0.57% |
| Construction | |
| Larsen & Toubro Ltd | 2.00% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.80% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 0.70% |
| Tatva Chintan Pharma Chem Ltd | 0.67% |
| Chemplast Sanmar Ltd | 0.33% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.08% |
| Nuvoco Vistas Corporation Ltd | 0.47% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.51% |
| Personal Products | |
| Emami Ltd | 0.72% |
| Dabur India Ltd | 0.72% |
| Power | |
| NTPC Ltd | 1.17% |
| Transport Services | |
| Delhivery Ltd | 0.78% |
| Gateway Distriparks Ltd | 0.37% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 1.02% |
| Gas | |
| Gujarat State Petronet Ltd | 0.99% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.99% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.51% |
| UTI Asset Management Company Ltd | 0.40% |
| Retailing | |
| Zomato Ltd | 0.61% |
| Electronics Mart India Ltd | 0.23% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.84% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.65% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.55% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.50% |
| Food Products | |
| Britannia Industries Ltd | 0.43% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.15% |
| Equity Holding Total | 73.49% |
| Government Bond | |
| 7.26% GOI (22/08/2032) | 3.94% |
| 7.38% GOI (20/06/2027) | 2.70% |
| 5.63% GOI (12/04/2026) | 0.95% |
| 6.64% GOI (16/06/2035) | 0.66% |
| 6.22% GOI (16/03/2035) | 0.64% |
| 6.18% GOI (04/11/2024) | 0.63% |
| 5.74% GOI (15/11/2026) | 0.27% |
| Government Bond Total | 9.77% |
| Corporate Bond | |
| 8.25% IIFL Finance Ltd (14/10/2023) ** | 0.84% |
| 8.3% Muthoot Finance Ltd (06/01/2026) ** | 0.70% |
| 7.25% National Bank For Agriculture and Rural Development (01/08/2025) ** | 0.70% |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 0.70% |
| 7.1% Muthoot Finance Ltd (20/06/2024) ** | 0.69% |
| 5.74% REC Ltd (20/06/2024) ** | 0.69% |
| 5.27% National Bank For Agriculture and Rural Development (29/04/2024) ** | 0.69% |
| 6.15% L&T Finance Ltd (17/05/2023) ** | 0.63% |
| 5.53% National Bank For Agriculture and Rural Development (22/02/2024) | 0.55% |
| 6.4% Jamnagar Utilities & Power Private Ltd (29/09/2026) ** | 0.47% |
| 9% Muthoot Finance Ltd (19/04/2023) | 0.38% |
| 9.75% Muthoot Finance Ltd (27/02/2023) ** | 0.35% |
| 7.6% REC Ltd (27/02/2026) | 0.35% |
| 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% |
| 7.7% REC Ltd (10/12/2027) ** | 0.14% |
| 7.95% ICICI Home Finance Company Ltd (24/11/2025) ** | 0.14% |
| 6.26% Cholamandalam Investment and Finance Company Ltd (18/04/2023) ** | 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% |
| Corporate Bond Total | 9.74% |
| Commercial Paper | |
| Poonawalla Fincorp Ltd (29/03/2023) ** | 0.70% |
| Motilal Oswal Financial Services Ltd (06/06/2023) ** | 0.68% |
| Piramal Enterprises Ltd (20/03/2023) ** | 0.35% |
| Tata Motors Finance Ltd (28/04/2023) ** | 0.35% |
| Tata Motors Finance Ltd (10/11/2023) ** | 0.33% |
| Housing Development Finance Corporation Ltd (28/11/2023) ** | 0.20% |
| Housing Development Finance Corporation Ltd (29/08/2023) ** | 0.14% |
| Commercial Paper Total | 2.74% |
| Certificate of Deposit | |
| SBM Bank India Ltd (09/06/2023) ** # | 0.34% |
| State Bank of India (12/09/2023) # | 0.34% |
| Small Industries Dev Bank of India (22/02/2023) ** # | 0.21% |
| 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% |
| HDFC Bank Ltd (15/06/2023) ** # | 0.14% |
| Kotak Mahindra Bank Ltd (26/06/2023) ** # | 0.14% |
| Axis Bank Ltd (19/01/2024) ** # | 0.07% |
| National Bank For Agriculture and Rural Development (23/01/2024) ** # | 0.07% |
| Certificate of Deposit Total | 1.84% |
| State Government Bond | |
| 7.49% MEGHALAYA SDL (21/12/2027) | 0.35% |
| 7.61% Rajasthan SDL (29/03/2027) | 0.14% |
| 7.74% Tamilnadu UDAY SDL (22/02/2024) | 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 | 0.78% |
| Zero Coupon Bond | |
| Hero Fincorp Ltd (13/08/2024) ** | 0.71% |
| Zero Coupon Bond Total | 0.71% |
| Cash & Other Receivables Total | 0.92% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| New Position Bought |
| Stock |
| Textiles & Apparels |
| Page Industries Limited |
| Positions Increased |
| Stock |
| Banks |
| Axis Bank Limited |
| Bank of Baroda |
| ICICI Bank Limited |
| Kotak Mahindra Bank Limited |
| State Bank of India |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Chemicals & Petrochemicals |
| Vinati Organics Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Titan Company Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Insurance |
| ICICI Lombard General Insurance Company Limited |
| IT - Software |
| Infosys Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Torrent Pharmaceuticals Limited |
| Retailing |
| Zomato Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Banks |
| HDFC Bank Limited |
| Capital Markets |
| UTI Asset Management Company Limited |
| Consumer Durables |
| Bata India Limited |
| Insurance |
| Max Financial Services Limited |
| SBI Life Insurance Company Limited |
| Petroleum Products |
| Hindustan Petroleum Corporation Limited |
| Pharmaceuticals & Biotechnology |
| Sun Pharmaceutical Industries Limited |
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MAHEF | 0.73% |
12.55% |
9.45% |
11.18% |
| Scheme Benchmark* | 2.94% |
13.23% |
10.13% |
10.95% |
| Additional Benchmark** | 3.98% |
14.83% |
11.91% |
12.12% |
| NAV as on 31st January, 2023 | ₹ 22.178 | |||
| Index Value (31st January, 2023) | Index Value of Scheme benchmark is 14,490.26 and S&P BSE Sensex (TRI) is 90,044.47 |
|||
| 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.
| Period | Total Amount Invested | Mkt Value as on 31-January-2023 |
SI |
900,000 |
1,405,354 |
10 Yrs |
840,000 |
1,270,582 |
5 Yrs |
600,000 |
805,337 |
3 Yr |
360,000 |
432,155 |
1 Yr |
120,000 |
122,040 |
Returns (%) |
Period |
||||
SI |
10yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
11.63 |
11.62 |
11.71 |
12.23 |
3.16 |
Benchmark Return& (%) |
11.71 |
11.76 |
12.00 |
12.18 |
3.42 |
Add. Benchmark Return& (%) |
14.09 |
14.29 |
14.47 |
16.32 |
5.60 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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.
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