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 September 29, 2023 | 1,213.80 |
| Net AUM (₹ Cr.) |
1,225.44 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on September 29, 2023 |
Regular Plan: 2.16% Direct Plan: 0.75% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 11.505 | ₹ 11.318 |
| IDCW | ₹ 11.500 | ₹ 11.315 |
| New Position Bought |
| Stock |
| Electrical Equipment |
| Avalon Technologies Limited |
| Finance |
| Cholamandalam Financial Holdings Limited |
| Leisure Services |
| Yatra Online Limited |
| Positions Increased |
| Stock |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Finance |
| Power Finance Corporation Limited |
| Food Products |
| Nestle India Limited |
| Pharmaceuticals & Biotechnology |
| JB Chemicals & Pharmaceuticals Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Capital Markets |
| KFin Technologies Limited |
| Construction |
| Larsen & Toubro Limited |
| Ferrous Metals |
| Tata Steel Limited |
| IT - Software |
| Tata Consultancy Services Limited |
| Personal Products |
| Emami Limited |
| Petroleum Products |
| Reliance Industries Limited |
Average Maturity |
2.72 Years |
Modified Duration |
2.16 Years |
Macaulay Duration |
2.26 Years |
Annualized Portfolio YTM* |
7.39% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Limited | 5.13% |
| ICICI Bank Limited | 4.39% |
| State Bank of India | 2.79% |
| Axis Bank Limited | 2.66% |
| Kotak Mahindra Bank Limited | 0.72% |
| The Federal Bank Limited | 0.64% |
| Bandhan Bank Limited | 0.48% |
| IndusInd Bank Limited | 0.41% |
| RBL Bank Limited | 0.11% |
| Bank of Baroda | 0.00% |
| IT - Software | |
| Infosys Limited | 2.46% |
| Tata Consultancy Services Limited | 1.10% |
| HCL Technologies Limited | 0.96% |
| LTIMindtree Limited | 0.36% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Limited | 1.59% |
| Biocon Limited | 0.78% |
| Torrent Pharmaceuticals Limited | 0.77% |
| Aurobindo Pharma Limited | 0.69% |
| Dr. Reddy's Laboratories Limited | 0.29% |
| JB Chemicals & Pharmaceuticals Limited | 0.27% |
| Automobiles | |
| Maruti Suzuki India Limited | 1.75% |
| Tata Motors Limited | 1.39% |
| Eicher Motors Limited | 0.43% |
| TVS Motor Company Limited | 0.38% |
| Finance | |
| Shriram Finance Limited | 0.72% |
| Power Finance Corporation Limited | 0.66% |
| Fusion Micro Finance Limited | 0.57% |
| Cholamandalam Financial Holdings Limited | 0.51% |
| LIC Housing Finance Limited | 0.35% |
| Bajaj Finserv Limited | 0.32% |
| SBI Cards and Payment Services Limited | 0.28% |
| Diversified FMCG | |
| ITC Limited | 1.91% |
| Hindustan Unilever Limited | 0.88% |
| Petroleum Products | |
| Reliance Industries Limited | 2.64% |
| Bharat Petroleum Corporation Limited | 0.01% |
| Consumer Durables | |
| Voltas Limited | 0.97% |
| Titan Company Limited | 0.49% |
| Havells India Limited | 0.37% |
| Kajaria Ceramics Limited | 0.33% |
| Crompton Greaves Consumer Electricals Limited | 0.24% |
| Greenply Industries Limited | 0.16% |
| Ferrous Metals | |
| Tata Steel Limited | 1.26% |
| Jindal Steel & Power Limited | 0.59% |
| JSW Steel Limited | 0.47% |
| Cement & Cement Products | |
| Ambuja Cements Limited | 1.18% |
| Grasim Industries Limited | 0.45% |
| JK Cement Limited | 0.33% |
| UltraTech Cement Limited | 0.04% |
| Insurance | |
| SBI Life Insurance Company Limited | 0.92% |
| ICICI Lombard General Insurance Company Limited | 0.61% |
| Max Financial Services Limited | 0.39% |
| Auto Components | |
| Craftsman Automation Limited | 0.61% |
| Samvardhana Motherson International Limited | 0.58% |
| Sona BLW Precision Forgings Limited | 0.33% |
| Apollo Tyres Limited | 0.21% |
| Telecom - Services | |
| Bharti Airtel Limited | 1.23% |
| Tata Communications Limited | 0.47% |
| Aerospace & Defense | |
| Bharat Electronics Limited | 0.77% |
| MTAR Technologies Limited | 0.67% |
| Ideaforge Technology Limited | 0.21% |
| Construction | |
| Larsen & Toubro Limited | 1.63% |
| Retailing | |
| Electronics Mart India Limited | 0.65% |
| Go Fashion (India) Limited | 0.51% |
| Zomato Limited | 0.46% |
| Electrical Equipment | |
| TD Power Systems Limited | 1.00% |
| Avalon Technologies Limited | 0.37% |
| Power | |
| NTPC Limited | 1.02% |
| Leisure Services | |
| Yatra Online Limited | 0.63% |
| Westlife Foodworld Limited | 0.39% |
| Consumable Fuels | |
| Coal India Limited | 0.99% |
| Agricultural Food & other Products | |
| Tata Consumer Products Limited | 0.39% |
| Balrampur Chini Mills Limited | 0.33% |
| Marico Limited | 0.22% |
| Non - Ferrous Metals | |
| Hindalco Industries Limited | 0.89% |
| Food Products | |
| Dodla Dairy Limited | 0.51% |
| Nestle India Limited | 0.26% |
| Transport Services | |
| InterGlobe Aviation Limited | 0.42% |
| Gateway Distriparks Limited | 0.21% |
| Container Corporation of India Limited | 0.07% |
| Fertilizers & Agrochemicals | |
| PI Industries Limited | 0.60% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Limited | 0.59% |
| Entertainment | |
| Zee Entertainment Enterprises Limited | 0.34% |
| Sun TV Network Limited | 0.16% |
| Personal Products | |
| Dabur India Limited | 0.31% |
| Emami Limited | 0.16% |
| Capital Markets | |
| KFin Technologies Limited | 0.26% |
| Indian Energy Exchange Limited | 0.20% |
| Industrial Products | |
| Prince Pipes And Fittings Limited | 0.36% |
| Beverages | |
| United Spirits Limited | 0.14% |
| Textiles & Apparels | |
| Page Industries Limited | 0.01% |
| Chemicals & Petrochemicals | |
| SRF Limited | 0.00% |
| Equity Holding Total | 67.42% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 5.74% |
| 6.54% GOI (17/01/2032) | 3.90% |
| 7.26% GOI (06/02/2033) | 0.82% |
| Government Bond Total | 10.45% |
| Corporate Bond | |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) | 2.03% |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.02% |
| 7.4% HDFC Bank Ltd (02/06/2025) ** | 2.02% |
| 5.23% NABARD (31/01/2025) | 1.98% |
| 7.9% Jamnagar Utilities & Power Private Ltd (10/08/2028) | 0.82% |
| 9% Shriram Finance Ltd (24/06/2024) | 0.61% |
| 7.85% Bajaj Housing Finance Ltd (01/09/2028) ** | 0.61% |
| 6.92% REC Ltd (20/03/2032) ** | 0.39% |
| Corporate Bond Total | 10.48% |
| Certificate of Deposit | |
| Axis Bank Ltd (11/03/2024) ** # | 1.11% |
| Indian Bank (14/02/2024) ** # | 0.79% |
| Certificate of Deposit Total | 1.90% |
| Cash & Other Receivables Total | 9.74% |
| Total | 100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| UltraTech Cement Ltd October 2023 Future | (0.04)% |
| Container Corporation of India Ltd October 2023 Future | (0.07)% |
| RBL Bank Ltd October 2023 Future | (0.11)% |
| United Spirits Ltd October 2023 Future | (0.14)% |
| Sun TV Network Ltd October 2023 Future | (0.16)% |
| The Federal Bank Ltd October 2023 Future | (0.20)% |
| Kotak Mahindra Bank Ltd October 2023 Future | (0.28)% |
| Dr. Reddy's Laboratories Ltd October 2023 Future | (0.29)% |
| Torrent Pharmaceuticals Ltd October 2023 Future | (0.32)% |
| Balrampur Chini Mills Ltd October 2023 Future | (0.33)% |
| Zee Entertainment Enterprises Ltd October 2023 Future | (0.34)% |
| Biocon Ltd October 2023 Future | (0.38)% |
| Tata Consumer Products Ltd October 2023 Future | (0.39)% |
| State Bank of India October 2023 Future | (0.42)% |
| Hindustan Unilever Ltd October 2023 Future | (0.42)% |
| ITC Ltd October 2023 Future | (0.44)% |
| Eicher Motors Ltd October 2023 Future | (0.44)% |
| SBI Life Insurance Company Ltd October 2023 Future | (0.44)% |
| Grasim Industries Ltd October 2023 Future | (0.45)% |
| Tata Motors Ltd October 2023 Future | (0.46)% |
| Tata Steel Ltd October 2023 Future | (0.47)% |
| Tata Communications Ltd October 2023 Future | (0.47)% |
| JSW Steel Ltd October 2023 Future | (0.47)% |
| Bandhan Bank Ltd October 2023 Future | (0.48)% |
| HDFC Bank Ltd October 2023 Future | (0.48)% |
| Ambuja Cements Ltd October 2023 Future | (0.48)% |
| Hindalco Industries Ltd October 2023 Future | (0.49)% |
| Sun Pharmaceutical Industries Ltd October 2023 Future | (0.53)% |
| Jindal Steel & Power Ltd October 2023 Future | (0.59)% |
| ICICI Bank Ltd October 2023 Future | (0.60)% |
| PI Industries Ltd October 2023 Future | (0.60)% |
| Axis Bank Ltd October 2023 Future | (0.75)% |
| Voltas Ltd October 2023 Future | (0.88)% |
| Coal India Ltd October 2023 Future | (1.00)% |
| Maruti Suzuki India Ltd October 2023 Future | (1.07)% |
| Total | (15.50)% |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MABAF | 14.46% |
11.50% |
||
| Scheme Benchmark* | 11.87% |
9.04% |
||
| Additional Benchmark** | 16.06% |
10.89% |
||
| NAV as on 29th September, 2023 | ₹ 11.318 | |||
| Index Value (29th September, 2023) | Index Value of benchmark is 13,159.15 and Nifty 50 Index (TRI) is 28,807.77 |
|||
| 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 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 29-September-2023 |
SI |
1,30,000 | 1,41,762 |
1 Yr |
1,20,000 | 1,30,441 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
16.01 | 16.68 |
Benchmark Return& (%) |
11.16 | 11.47 |
Add. Benchmark Return& (%) |
15.24 | 15.80 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Portfolio Turnover Ratio | 2.88 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 29th September, 2023. ^Basis last rolling 12 months. |
|
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.