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 August 31, 2023 | 7,714.78 |
| Net AUM (₹ Cr.) | 7,721.76 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on August 31, 2023 |
Regular Plan: 1.74% Direct Plan: 0.41% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 28.114 | ₹ 24.710 |
| IDCW | ₹ 18.775 | ₹ 15.799 |
| New Position Bought |
| Stock |
| Transport Services |
| InterGlobe Aviation Limited |
| Positions Increase |
| Stock |
| Auto Components |
| Samvardhana Motherson International Limited |
| Automobiles |
| Tata Motors Limited |
| Banks |
| HDFC Bank Limited |
| State Bank of India |
| Consumer Durables |
| Havells India Limited |
| Diversified FMCG |
| Hindustan Unilever Limited |
| Electrical Equipment |
| TD Power Systems Limited |
| Finance |
| Bajaj Finserv Limited |
| LIC Housing Finance Limited |
| Food Products |
| Britannia Industries Limited |
| Nestle India Limited |
| Insurance |
| Max Financial Services Limited |
| Pharmaceuticals & Biotechnology |
| Aurobindo Pharma Limited |
| Torrent Pharmaceuticals Limited |
| Telecom - Services |
| Bharti Airtel Limited |
| Positions Decreased |
| Stock |
| Auto Components |
| Apollo Tyres Limited |
| Sona BLW Precision Forgings Limited |
| Automobiles |
| TVS Motor Company Limited |
| Capital Markets |
| Indian Energy Exchange Limited |
| Cement & Cement Products |
| Ambuja Cements Limited |
| Consumer Durables |
| Kajaria Ceramics Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| SBI Cards and Payment Services Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| Personal Products |
| Emami Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Retailing |
| Zomato Limited |
Average Maturity |
3.46 Years |
Modified Duration |
2.60 Years |
Macaulay Duration |
2.73 Years |
Annualized Portfolio YTM* |
7.53% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 6.25% |
| ICICI Bank Ltd | 5.34% |
| State Bank of India | 3.26% |
| Axis Bank Ltd | 3.01% |
| Kotak Mahindra Bank Ltd | 0.66% |
| IndusInd Bank Ltd | 0.57% |
| The Federal Bank Ltd | 0.46% |
| Bank of Baroda | 0.00% |
| IT - Software | |
| Infosys Ltd | 3.68% |
| Tata Consultancy Services Ltd | 2.03% |
| MphasiS Ltd | 0.69% |
| HCL Technologies Ltd | 0.68% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.24% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.71% |
| Aurobindo Pharma Ltd | 1.10% |
| Torrent Pharmaceuticals Ltd | 0.46% |
| Biocon Ltd | 0.33% |
| Consumer Durables | |
| Havells India Ltd | 0.91% |
| Kajaria Ceramics Ltd | 0.79% |
| Titan Company Ltd | 0.78% |
| Greenply Industries Ltd | 0.56% |
| Crompton Greaves Consumer Electricals Ltd | 0.55% |
| Voltas Ltd | 0.02% |
| Automobiles | |
| Tata Motors Ltd | 1.61% |
| Maruti Suzuki India Ltd | 1.01% |
| TVS Motor Company Ltd | 0.57% |
| Auto Components | |
| Craftsman Automation Ltd | 1.59% |
| Samvardhana Motherson International Ltd | 0.65% |
| Sona BLW Precision Forgings Ltd | 0.56% |
| Apollo Tyres Ltd | 0.35% |
| Diversified FMCG | |
| ITC Ltd | 2.09% |
| Hindustan Unilever Ltd | 0.76% |
| Construction | |
| Larsen & Toubro Ltd | 2.30% |
| Finance | |
| Shriram Finance Ltd | 0.96% |
| LIC Housing Finance Ltd | 0.51% |
| Bajaj Finserv Ltd | 0.49% |
| SBI Cards and Payment Services Ltd | 0.29% |
| Insurance | |
| SBI Life Insurance Company Ltd | 0.68% |
| ICICI Lombard General Insurance Company Ltd | 0.67% |
| Max Financial Services Ltd | 0.65% |
| Transport Services | |
| Delhivery Ltd | 0.86% |
| InterGlobe Aviation Ltd | 0.59% |
| Gateway Distriparks Ltd | 0.45% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.60% |
| Power | |
| NTPC Ltd | 1.38% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 0.67% |
| UltraTech Cement Ltd | 0.62% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 0.65% |
| Tatva Chintan Pharma Chem Ltd | 0.51% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.09% |
| Retailing | |
| Zomato Ltd | 0.67% |
| Electronics Mart India Ltd | 0.38% |
| Personal Products | |
| Dabur India Ltd | 0.75% |
| Emami Ltd | 0.24% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.97% |
| Gas | |
| Gujarat State Petronet Ltd | 0.93% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.93% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.88% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.60% |
| Electrical Equipment | |
| TD Power Systems Ltd | 0.56% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.49% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.46% |
| Capital Markets | |
| Indian Energy Exchange Ltd | 0.25% |
| Food Products | |
| Nestle India Ltd | 0.18% |
| Britannia Industries Ltd | 0.06% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.22% |
| Equity Holding Total | 70.85% |
| Corporate Bond | |
| 7.9% Jamnagar Utilities & Power Private Ltd (10/08/2028) ** | 1.01% |
| 8.25% IIFL Finance Ltd (14/10/2023) ** | 0.78% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.65% |
| 7.33% Larsen & Toubro Ltd (09/12/2024) ** | 0.65% |
| 8.3% Muthoot Finance Ltd (06/01/2026) ** | 0.65% |
| 7.25% National Bank For Agriculture and Rural Development (01/08/2025) ** | 0.64% |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 0.64% |
| 7.1% Muthoot Finance Ltd (20/06/2024) ** | 0.64% |
| 7.42% Power Finance Corporation Ltd (08/09/2032) ** | 0.64% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 0.51% |
| 6.92% REC Ltd (20/03/2032) ** | 0.50% |
| 7.725% Larsen & Toubro Ltd (28/04/2028) ** | 0.46% |
| 8.43% Muthoot Finance Ltd (31/07/2026) ** | 0.45% |
| 9% Northern Arc Capital Ltd (12/07/2024) ** | 0.32% |
| 7.6% REC Ltd (27/02/2026) ** | 0.32% |
| 7.77% Embassy Office Parks REIT (05/06/2025) ** | 0.32% |
| 7.53% REC Ltd (31/03/2033) ** | 0.32% |
| 7.15% Small Industries Dev Bank of India (02/06/2025) | 0.32% |
| 7.9237% Bajaj Housing Finance Ltd (16/03/2026) | 0.29% |
| 7.9% Bajaj Finance Ltd (17/11/2025) | 0.26% |
| 7.43% National Bank For Financing Infrastructure And Development (16/06/2033) ** | 0.22% |
| 7.5% Power Grid Corporation of India Ltd (24/08/2033) ** | 0.19% |
| 7.7201% LIC Housing Finance Ltd (12/02/2026) | 0.19% |
| 8.7% Bharti Telecom Ltd (21/11/2024) ** | 0.16% |
| 6.09% Power Finance Corporation Ltd (27/08/2026) ** | 0.16% |
| 7.57% National Bank For Agriculture and Rural Development (19/03/2026) ** | 0.16% |
| 5.86% Tata Capital Housing Finance Ltd (23/02/2024) ** | 0.16% |
| 7.7% REC Ltd (10/12/2027) ** | 0.13% |
| 7.95% ICICI Home Finance Company Ltd (24/11/2025) ** | 0.13% |
| 7.05% National Housing Bank (18/12/2024) ** | 0.13% |
| 7.13% Power Finance Corporation Ltd (08/08/2025) ** | 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% |
| 5.5315% LIC Housing Finance Ltd (20/12/2024) ** | 0.13% |
| 5.776% LIC Housing Finance Ltd (11/09/2025) ** | 0.12% |
| 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% |
| 7.55% REC Ltd (26/09/2023) ** | 0.06% |
| 7.45% Indian Railway Finance Corporation Ltd (13/10/2028) ** | 0.06% |
| 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 | 13.20% |
| Government Bond | |
| 7.26% GOI (06/02/2033) | 2.15% |
| 7.38% GOI (20/06/2027) | 1.77% |
| 7.26% GOI (22/08/2032) | 1.15% |
| 7.06% GOI (10/04/2028) | 0.70% |
| 6.64% GOI (16/06/2035) | 0.62% |
| 7.41% GOI (19/12/2036) | 0.53% |
| 7.18% GOI (14/08/2033) | 0.03% |
| Government Bond Total | 6.95% |
| Commercial Paper | |
| Birla Group Holdings Private Ltd (13/03/2024) ** | 0.45% |
| Motilal Oswal Financial Services Ltd (23/08/2024) ** | 0.42% |
| Tata Motors Finance Solutions Ltd (10/11/2023) ** | 0.32% |
| Muthoot Finance Ltd (15/05/2024) ** | 0.20% |
| Small Industries Dev Bank of India (15/02/2024) | 0.19% |
| HDFC Bank Ltd (16/04/2024) ** | 0.19% |
| IGH Holdings Private Ltd (19/03/2024) ** | 0.14% |
| HDFC Bank Ltd (21/05/2024) ** | 0.12% |
| Commercial Paper Total | 2.01% |
| State Government Bond | |
| 7.49% MEGHALAYA SDL (21/12/2027) | 0.32% |
| 6.99% Telangana SDL (10/06/2028) | 0.14% |
| 7.61% Rajasthan SDL (29/03/2027) | 0.13% |
| 7.74% Tamilnadu UDAY SDL (22/02/2024) | 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 | 0.85% |
| Zero Coupon Bond | |
| Hero Fincorp Ltd | 0.68% |
| Zero Coupon Bond Total | 0.68% |
| Certificate of Deposit | |
| Canara Bank (15/12/2023) ** # | 0.15% |
| Kotak Mahindra Bank Ltd (11/12/2023) ** # | 0.13% |
| Bank of Baroda (20/12/2023) ** # | 0.09% |
| Small Industries Dev Bank of India (31/01/2024) ** # | 0.06% |
| Certificate of Deposit Total | 0.43% |
| Cash & Other Receivables Total | 5.02% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| MAHEF | 11.22% | 17.01% | 11.29% | 11.82% |
| Scheme Benchmark* | 8.76% | 16.12% | 11.22% | 11.41% |
| Additional Benchmark** | 10.31% | 20.30% | 12.24% | 12.53% |
| NAV as on 31st August, 2023 | ₹ 24.710 | |||
| Index Value (31st August, 2023) | Index Value of Scheme benchmark is 15,911.24 and S&P BSE Sensex (TRI) is 99,117.59 |
|||
| 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.
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 |
9,70,000 | 16,41,201 |
7 Yrs |
8,40,000 | 13,18,057 |
5 Yrs |
6,00,000 | 8,45,566 |
3 Yrs |
3,60,000 | 4,32,634 |
1 Yr |
1,20,000 | 1,30,603 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
12.68 | 12.65 | 13.70 | 12.32 | 16.82 |
Benchmark Return& (%) |
12.40 | 12.45 | 13.35 | 11.49 | 13.63 |
Add. Benchmark Return& (%) |
14.54 | 14.73 | 15.53 | 13.50 | 13.40 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 10.33% |
| Beta: | 1.04 |
| R Squared | 0.91 |
| Sharpe Ratio#: | 1.00 |
| Information Ratio | 0.28 |
| 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 August, 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