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 August 31, 2023 | 1,189.16 |
| Net AUM (₹ Cr.) |
1,195.04 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on August 31, 2023 |
Regular Plan: 2.16% Direct Plan: 0.75% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 11.389 | ₹ 11.215 |
| IDCW | ₹ 11.386 | ₹ 11.213 |
| New Position Bought |
| Stock |
| Transport Services |
| InterGlobe Aviation Limited |
| Positions Increased |
| Stock |
| Auto Components |
| Samvardhana Motherson International Limited |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| State Bank of India |
| Electrical Equipment |
| TD Power Systems Limited |
| Finance |
| Bajaj Finserv Limited |
| LIC Housing Finance Limited |
| Food Products |
| Nestle India Limited |
| Insurance |
| Max Financial Services Limited |
| IT - Software |
| LTIMindtree Limited |
| Pharmaceuticals & Biotechnology |
| Torrent Pharmaceuticals Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Sona BLW Precision Forgings Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Fusion Micro Finance Limited |
| Personal Products |
| Emami Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Retailing |
| Electronics Mart India Limited |
| Zomato Limited |
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 4.69% |
| ICICI Bank Ltd | 4.48% |
| State Bank of India | 2.65% |
| Axis Bank Ltd | 2.26% |
| Kotak Mahindra Bank Ltd | 0.75% |
| The Federal Bank Ltd | 0.64% |
| Bandhan Bank Ltd | 0.45% |
| IndusInd Bank Ltd | 0.40% |
| Bank of Baroda | 0.00% |
| IT - Software | |
| Infosys Ltd | 3.01% |
| Tata Consultancy Services Ltd | 1.19% |
| HCL Technologies Ltd | 1.02% |
| Tech Mahindra Ltd | 0.48% |
| LTIMindtree Ltd | 0.37% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.57% |
| Biocon Ltd | 0.76% |
| Aurobindo Pharma Ltd | 0.64% |
| Torrent Pharmaceuticals Ltd | 0.45% |
| Dr. Reddy's Laboratories Ltd | 0.33% |
| JB Chemicals & Pharmaceuticals Ltd | 0.26% |
| Automobiles | |
| Tata Motors Ltd | 1.35% |
| Maruti Suzuki India Ltd | 1.27% |
| Mahindra & Mahindra Ltd | 0.50% |
| Eicher Motors Ltd | 0.43% |
| TVS Motor Company Ltd | 0.36% |
| Finance | |
| Shriram Finance Ltd | 0.74% |
| Fusion Micro Finance Ltd | 0.62% |
| Power Finance Corporation Ltd | 0.60% |
| LIC Housing Finance Ltd | 0.33% |
| Bajaj Finserv Ltd | 0.32% |
| SBI Cards and Payment Services Ltd | 0.30% |
| Petroleum Products | |
| Reliance Industries Ltd | 2.88% |
| Bharat Petroleum Corporation Ltd | 0.01% |
| Diversified FMCG | |
| ITC Ltd | 1.94% |
| Hindustan Unilever Ltd | 0.92% |
| Consumer Durables | |
| Voltas Ltd | 1.00% |
| Titan Company Ltd | 0.49% |
| Kajaria Ceramics Ltd | 0.38% |
| Havells India Ltd | 0.38% |
| Crompton Greaves Consumer Electricals Ltd | 0.24% |
| Greenply Industries Ltd | 0.17% |
| Construction | |
| Larsen & Toubro Ltd | 2.58% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.24% |
| Jindal Steel & Power Ltd | 0.59% |
| JSW Steel Ltd | 0.48% |
| Insurance | |
| SBI Life Insurance Company Ltd | 0.93% |
| ICICI Lombard General Insurance Company Ltd | 0.62% |
| Max Financial Services Ltd | 0.41% |
| HDFC Life Insurance Company Ltd | 0.06% |
| Auto Components | |
| Craftsman Automation Ltd | 0.67% |
| Samvardhana Motherson International Ltd | 0.60% |
| Sona BLW Precision Forgings Ltd | 0.41% |
| Apollo Tyres Ltd | 0.23% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.02% |
| Grasim Industries Ltd | 0.43% |
| JK Cement Ltd | 0.35% |
| Retailing | |
| Electronics Mart India Ltd | 0.69% |
| Go Fashion (India) Ltd | 0.56% |
| Zomato Ltd | 0.45% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.76% |
| MTAR Technologies Ltd | 0.66% |
| Ideaforge Technology Ltd | 0.24% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.14% |
| Tata Communications Ltd | 0.44% |
| Electrical Equipment | |
| TD Power Systems Ltd | 1.05% |
| Power | |
| NTPC Ltd | 0.94% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.85% |
| Transport Services | |
| InterGlobe Aviation Ltd | 0.44% |
| Gateway Distriparks Ltd | 0.22% |
| Container Corporation of India Ltd | 0.17% |
| Consumable Fuels | |
| Coal India Ltd | 0.79% |
| Food Products | |
| Dodla Dairy Ltd | 0.56% |
| Nestle India Ltd | 0.22% |
| Fertilizers & Agrochemicals | |
| PI Industries Ltd | 0.65% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.61% |
| Agricultural Food & other Products | |
| Tata Consumer Products Ltd | 0.38% |
| Marico Ltd | 0.23% |
| Capital Markets | |
| KFin Technologies Ltd | 0.34% |
| Indian Energy Exchange Ltd | 0.20% |
| Personal Products | |
| Dabur India Ltd | 0.32% |
| Emami Ltd | 0.21% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.35% |
| Sun TV Network Ltd | 0.16% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.40% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.38% |
| Beverages | |
| United Spirits Ltd | 0.15% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.01% |
| Chemicals & Petrochemicals | |
| SRF Ltd | 0.00% |
| Equity Holding Total | 66.84% |
| Equity Futures | |
| HDFC Life Insurance Company Ltd September 2023 Future | -0.06% |
| HCL Technologies Ltd September 2023 Future | -0.09% |
| United Spirits Ltd September 2023 Future | -0.15% |
| Sun TV Network Ltd September 2023 Future | -0.16% |
| Container Corporation of India Ltd September 2023 Future | -0.17% |
| The Federal Bank Ltd September 2023 Future | -0.21% |
| Kotak Mahindra Bank Ltd September 2023 Future | -0.29% |
| Dr. Reddy's Laboratories Ltd September 2023 Future | -0.33% |
| Zee Entertainment Enterprises Ltd September 2023 Future | -0.35% |
| Biocon Ltd September 2023 Future | -0.38% |
| Tata Consumer Products Ltd September 2023 Future | -0.38% |
| State Bank of India September 2023 Future | -0.40% |
| Axis Bank Ltd September 2023 Future | -0.43% |
| Grasim Industries Ltd September 2023 Future | -0.43% |
| Eicher Motors Ltd September 2023 Future | -0.43% |
| Hindustan Unilever Ltd September 2023 Future | -0.44% |
| ITC Ltd September 2023 Future | -0.44% |
| Tata Communications Ltd September 2023 Future | -0.45% |
| Tata Motors Ltd September 2023 Future | -0.45% |
| SBI Life Insurance Company Ltd September 2023 Future | -0.45% |
| Bandhan Bank Ltd September 2023 Future | -0.45% |
| Tata Steel Ltd September 2023 Future | -0.46% |
| Hindalco Industries Ltd September 2023 Future | -0.47% |
| Tech Mahindra Ltd September 2023 Future | -0.49% |
| JSW Steel Ltd September 2023 Future | -0.49% |
| Infosys Ltd September 2023 Future | -0.49% |
| Ambuja Cements Ltd September 2023 Future | -0.50% |
| Mahindra & Mahindra Ltd September 2023 Future | -0.50% |
| Sun Pharmaceutical Industries Ltd September 2023 Future | -0.52% |
| Jindal Steel & Power Ltd September 2023 Future | -0.59% |
| Maruti Suzuki India Ltd September 2023 Future | -0.62% |
| ICICI Bank Ltd September 2023 Future | -0.62% |
| PI Industries Ltd September 2023 Future | -0.65% |
| Coal India Ltd September 2023 Future | -0.80% |
| Voltas Ltd September 2023 Future | -0.90% |
| Larsen & Toubro Ltd September 2023 Future | -0.93% |
| Equity Futures Total | -15.95% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 5.90% |
| 6.54% GOI (17/01/2032) | 4.02% |
| 7.26% GOI (06/02/2033) | 0.84% |
| Government Bond Total | 10.76% |
| Corporate Bond | |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 2.08% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 2.08% |
| 7.4% HDFC Bank Ltd (02/06/2025) ** | 2.08% |
| 5.23% National Bank For Agriculture and Rural Development (31/01/2025) ** | 2.03% |
| 7.9% Jamnagar Utilities & Power Private Ltd (10/08/2028) ** | 0.84% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.63% |
| 6.92% REC Ltd (20/03/2032) ** | 0.40% |
| Corporate Bond Total | 10.13% |
| Certificate of Deposit | |
| Axis Bank Ltd (11/03/2024) ** # | 1.13% |
| Indian Bank (14/02/2024) ** # | 0.81% |
| Certificate of Deposit Total | 1.94% |
| Cash & Other Receivables Total | 26.29% |
| Total | 100.00% |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MABAF | 11.85% |
11.48% |
||
| Scheme Benchmark* | 8.27% |
8.60% |
||
| Additional Benchmark** | 9.50% |
9.68% |
||
| NAV as on 31st August, 2023 | ₹ 11.215 | |||
| Index Value (31st August, 2023) | Index Value of benchmark is 13,011.79 and Nifty 50 Index (TRI) is 28,243.74 |
|||
| 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.
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-August-2023 |
SI |
1,20,000 | 1,30,516 |
1 Yr |
1,20,000 | 1,30,516 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
16.68 | 16.68 |
Benchmark Return& (%) |
10.61 | 10.61 |
Add. Benchmark Return& (%) |
13.48 | 13.48 |
& 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*
• 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.
Average Maturity |
2.66 Years |
Modified Duration |
2.12 Years |
Macaulay Duration |
2.21 Years |
Annualized Portfolio YTM* |
7.26% |
*In case of semi annual YTM, it will be annualized.