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 October 31, 2023 | 7,726.59 |
| Net AUM (₹ Cr.) | 7,611.06 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on October 31, 2023 |
Regular Plan: 1.75% Direct Plan: 0.40% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 27.841 | ₹ 24.415 |
| IDCW | ₹ 18.592 | ₹ 15.610 |
| New Position Bought |
| Stock |
| Retailing |
| Go Fashion (India) Limited |
| Positions Increase |
| Stock |
| Auto Components |
| Samvardhana Motherson International Limited |
| Sona BLW Precision Forgings Limited |
| Banks |
| Axis Bank Limited |
| HDFC Bank Limited |
| ICICI Bank Limited |
| IndusInd Bank Limited |
| State Bank of India |
| Construction |
| Larsen & Toubro Limited |
| Consumer Durables |
| Havells India Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Shriram Finance Limited |
| Leisure Services |
| Westlife Foodworld Limited |
| Yatra Online Limited |
| Power |
| NTPC Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Craftsman Automation Limited |
| Automobiles |
| Maruti Suzuki India Limited |
| Tata Motors Limited |
| Consumer Durables |
| Titan Company Limited |
| IT - Software |
| HCL Technologies Limited |
| Infosys Limited |
| MphasiS Limited |
| Pharmaceuticals & Biotechnology |
| Sun Pharmaceutical Industries Limited |
| Retailing |
| Zomato Limited |
Average Maturity |
3.52 Years |
Modified Duration |
2.65 Years |
Macaulay Duration |
2.79 Years |
Annualized Portfolio YTM* |
7.86% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 6.52% |
| ICICI Bank Limited | 5.27% |
| State Bank of India | 3.54% |
| Axis Bank Limited | 3.13% |
| IndusInd Bank Limited | 0.70% |
| Kotak Mahindra Bank Limited | 0.67% |
| The Federal Bank Limited | 0.46% |
| Bank of Baroda | 0.00% |
| IT - Software | |
| Infosys Limited | 3.47% |
| Tata Consultancy Services Limited | 1.88% |
| HCL Technologies Limited | 0.65% |
| MphasiS Limited | 0.56% |
| Petroleum Products | |
| Reliance Industries Limited | 4.00% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Limited | 1.33% |
| Aurobindo Pharma Limited | 1.15% |
| Torrent Pharmaceuticals Limited | 0.49% |
| Biocon Limited | 0.29% |
| Automobiles | |
| Tata Motors Limited | 1.52% |
| Maruti Suzuki India Limited | 1.02% |
| TVS Motor Company Limited | 0.64% |
| Consumer Durables | |
| Havells India Limited | 0.83% |
| Kajaria Ceramics Limited | 0.69% |
| Greenply Industries Limited | 0.57% |
| Titan Company Limited | 0.55% |
| Crompton Greaves Consumer Electricals Limited | 0.53% |
| Finance | |
| Shriram Finance Limited | 1.04% |
| LIC Housing Finance Limited | 0.56% |
| Cholamandalam Financial Holdings Limited | 0.55% |
| Bajaj Finserv Limited | 0.53% |
| SBI Cards and Payment Services Limited | 0.42% |
| Diversified FMCG | |
| ITC Limited | 2.07% |
| Hindustan Unilever Limited | 0.80% |
| Auto Components | |
| Craftsman Automation Limited | 1.17% |
| Samvardhana Motherson International Limited | 0.78% |
| Sona BLW Precision Forgings Limited | 0.42% |
| Construction | |
| Larsen & Toubro Limited | 2.33% |
| Insurance | |
| SBI Life Insurance Company Limited | 0.73% |
| ICICI Lombard General Insurance Company Limited | 0.71% |
| Max Financial Services Limited | 0.64% |
| Power | |
| NTPC Limited | 1.93% |
| Transport Services | |
| Delhivery Limited | 0.82% |
| InterGlobe Aviation Limited | 0.60% |
| Gateway Distriparks Limited | 0.46% |
| Telecom - Services | |
| Bharti Airtel Limited | 1.73% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 0.98% |
| UltraTech Cement Limited | 0.64% |
| Retailing | |
| Zomato Limited | 0.66% |
| Electronics Mart India Limited | 0.53% |
| Go Fashion (India) Limited | 0.26% |
| Chemicals & Petrochemicals | |
| Vinati Organics Limited | 0.61% |
| Tatva Chintan Pharma Chem Limited | 0.45% |
| Ferrous Metals | |
| Tata Steel Limited | 1.06% |
| Aerospace & Defense | |
| Bharat Electronics Limited | 0.94% |
| Personal Products | |
| Dabur India Limited | 0.73% |
| Emami Limited | 0.20% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.93% |
| Gas | |
| Gujarat State Petronet Limited | 0.92% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.79% |
| Leisure Services | |
| Westlife Foodworld Limited | 0.54% |
| Yatra Online Limited | 0.23% |
| Electrical Equipment | |
| TD Power Systems Limited | 0.52% |
| Avalon Technologies Limited | 0.17% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.50% |
| Textiles & Apparels | |
| Page Industries Limited | 0.44% |
| Food Products | |
| Nestle India Limited | 0.33% |
| Britannia Industries Limited | 0.06% |
| Capital Markets | |
| Indian Energy Exchange Limited | 0.25% |
| Financial Technology (Fintech) | |
| One 97 Communications Limited | 0.24% |
| Equity Holding Total | 71.73% |
| Corporate Bond | |
| 7.9% Jamnagar Utilities & Power Private Ltd (10/08/2028) ** | 1.02% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.66% |
| 7.33% Larsen & Toubro Ltd (09/12/2024) ** | 0.65% |
| 8.3% Muthoot Finance Ltd (06/01/2026) ** | 0.65% |
| 7.1% Muthoot Finance Ltd (20/06/2024) ** | 0.65% |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 0.65% |
| 7.25% National Bank For Agriculture and Rural Development (01/08/2025) | 0.65% |
| 7.42% Power Finance Corporation Ltd (08/09/2032) ** | 0.64% |
| 8.3% Godrej Properties Ltd (19/03/2027) ** | 0.52% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) | 0.52% |
| 6.92% REC Ltd (20/03/2032) ** | 0.50% |
| 8.43% Muthoot Finance Ltd (31/07/2026) ** | 0.46% |
| 9.5% Motilal Oswal Finvest Ltd (12/09/2025) ** | 0.39% |
| 7.725% Larsen & Toubro Ltd (28/04/2028) | 0.33% |
| 9% Northern Arc Capital Ltd (12/07/2024) ** | 0.33% |
| 7.6% REC Ltd (27/02/2026) ** | 0.33% |
| 7.77% Embassy Office Parks REIT (05/06/2025) ** | 0.33% |
| 7.15% Small Industries Dev Bank of India (02/06/2025) ** | 0.33% |
| 7.53% REC Ltd (31/03/2033) ** | 0.32% |
| 7.9237% Bajaj Housing Finance Ltd (16/03/2026) ** | 0.29% |
| 7.9% Bajaj Finance Ltd (17/11/2025) ** | 0.26% |
| 4.5% Oil & Natural Gas Corporation Ltd (09/02/2024) | 0.23% |
| 7.7201% LIC Housing Finance Ltd (12/02/2026) ** | 0.20% |
| 7.5% Power Grid Corporation of India Ltd (24/08/2033) ** | 0.20% |
| 6.88% REC Ltd (20/03/2025) ** | 0.19% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) | 0.19% |
| 8.7% Bharti Telecom Ltd (21/11/2024) ** | 0.16% |
| 7.57% National Bank For Agriculture and Rural Development (19/03/2026) ** | 0.16% |
| 7.95% ICICI Home Finance Company Ltd (24/11/2025) ** | 0.13% |
| 7.7% REC Ltd (10/12/2027) ** | 0.13% |
| 7.05% National Housing Bank (18/12/2024) ** | 0.13% |
| 5.84% Bajaj Housing Finance Ltd (21/02/2024) ** | 0.13% |
| 5.24% Small Industries Dev Bank of India (26/03/2024) ** | 0.13% |
| 6.63% ONGC Petro Additions Ltd (09/07/2024) ** | 0.13% |
| 7.13% Power Finance Corporation Ltd (08/08/2025) ** | 0.13% |
| 5.5315% LIC Housing Finance Ltd (20/12/2024) | 0.13% |
| 5.776% LIC Housing Finance Ltd (11/09/2025) ** | 0.13% |
| 6.09% Power Finance Corporation Ltd (27/08/2026) ** | 0.13% |
| 5.72% LIC Housing Finance Ltd (22/02/2024) ** | 0.10% |
| 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% |
| 8.95% IDFC First Bank Ltd (13/05/2025) ** | 0.05% |
| 8.8% IDFC First Bank Ltd (15/06/2025) ** | 0.05% |
| 5.6% Indian Oil Corporation Ltd (23/01/2026) ** | 0.02% |
| Corporate Bond Total | 13.54% |
| Government Bond | |
| 7.26% GOI (06/02/2033) | 3.12% |
| 7.38% GOI (20/06/2027) | 1.79% |
| 7.26% GOI (22/08/2032) | 1.15% |
| 7.06% GOI (10/04/2028) | 0.70% |
| 7.41% GOI (19/12/2036) | 0.52% |
| 7.18% GOI (14/08/2033) | 0.03% |
| Government Bond Total | 7.32% |
| Commercial Paper | |
| IIIFL Samasta Finance Ltd (24/04/2024) ** | 0.53% |
| Birla Group Holdings Private Ltd (13/03/2024) ** | 0.46% |
| Motilal Oswal Financial Services Ltd (23/08/2024) ** | 0.43% |
| Tata Motors Finance Solutions Ltd (10/11/2023) ** | 0.33% |
| Muthoot Finance Ltd (15/05/2024) ** | 0.20% |
| Small Industries Dev Bank of India (15/02/2024) ** | 0.19% |
| IGH Holdings Private Ltd (19/03/2024) ** | 0.14% |
| Commercial Paper Total | 2.28% |
| Certificate of Deposit | |
| ICICI Bank Ltd (13/06/2024) ** # | 0.41% |
| HDFC Bank Ltd (20/02/2024) # | 0.15% |
| Axis Bank Ltd (28/02/2024) ** # | 0.15% |
| HDFC Bank Ltd (05/02/2024) # | 0.13% |
| HDFC Bank Ltd (13/09/2024) ** # | 0.12% |
| Indian Bank (05/03/2024) # | 0.12% |
| Small Industries Dev Bank of India (31/01/2024) # | 0.06% |
| Certificate of Deposit Total | 1.15% |
| State Government Bond | |
| 7.49% MEGHALAYA SDL (21/12/2027) | 0.33% |
| 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% |
| 7.85% Rajasthan SDL (15/03/2027) | 0.02% |
| 8.39% Andhra Pradesh SDL (27/01/2026) | 0.02% |
| State Government Bond Total | 0.86% |
| Zero Coupon Bond | |
| Hero Fincorp Ltd | 0.70% |
| Zero Coupon Bond Total | 0.70% |
| Cash & Other Receivables Total | 2.41% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MAHEF | 8.93% | 16.14% | 12.63% | 11.41% |
| Scheme Benchmark* | 7.82% | 15.07% | 12.86% | 11.11% |
| Additional Benchmark** | 6.54% | 18.67% | 14.51% | 12.08% |
| NAV as on 31st October, 2023 | ₹ 24.415 | |||
| Index Value (31st October, 2023) | Index Value of Scheme benchmark is 15,843.68 and S&P BSE Sensex (TRI) is 97,769.99 |
|||
| 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 31-October-2023 |
SI |
9,90,000 | 16,41,224 |
7 Yrs |
8,40,000 | 12,78,280 |
5 Yrs |
6,00,000 | 8,20,418 |
3 Yrs |
3,60,000 | 4,15,524 |
1 Yr |
1,20,000 | 1,26,295 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
11.93 | 11.79 | 12.47 | 9.54 | 9.88 |
Benchmark Return& (%) |
11.85 | 11.82 | 12.44 | 9.37 | 8.95 |
Add. Benchmark Return& (%) |
13.70 | 13.75 | 14.18 | 10.19 | 6.00 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 10.43% |
| Beta: | 1.03 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.89 |
| Information Ratio | 0.37 |
| Portfolio Turnover Ratio | 0.57 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 October, 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