MIRAE ASSET
AGGRESSIVE HYBRID FUND* (formerly known as Mirae Asset Hybrid Equity Fund)
(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 ₹500/- (multiples of ₹1/- thereafter), minimum 5 in case of Monthly / 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 December 31, 2023 | 8,173.07 |
| Net AUM (₹ Cr.) | 8,308.38 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 2023 |
Regular Plan: 1.72% Direct Plan: 0.37% |
| **For experience of Fund Managers Click Here | |
| ##Pursuant to notice cum addendum no. 69/2023, Minimum Systematic Investment Plan (SIP) Installment amount for certain Schemes has been Changed with effect from January 01, 2024. | |
| NAV: | Direct | Regular |
| Growth | ₹ 30.722 | ₹ 26.883 |
| IDCW | ₹ 20.516 | ₹ 17.189 |
| New Position Bought |
| Stock |
| Consumable Fuels |
| Coal India Limited |
| Personal Products |
| Godrej Consumer Products Limited |
| Positions Decreased |
| Stock |
| Automobiles |
| TVS Motor Company Limited |
| Banks |
| HDFC Bank Limited |
| ICICI Bank Limited |
| Cement & Cement Products |
| UltraTech Cement Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Bajaj Finserv Limited |
| Food Products |
| Nestle India Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| IT - Software |
| Tata Consultancy Services Limited |
| Non - Ferrous Metals |
| Hindalco Industries Limited |
| Petroleum Products |
| Reliance Industries Limited |
| Pharmaceuticals & Biotechnology |
| Sun Pharmaceutical Industries Limited |
Average Maturity |
3.57 Years |
Modified Duration |
2.63 Years |
Macaulay Duration |
2.76 Years |
Annualized Portfolio YTM* |
7.86% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 6.81% |
| ICICI Bank Ltd | 5.06% |
| State Bank of India | 3.68% |
| Axis Bank Ltd | 3.22% |
| IndusInd Bank Ltd | 0.72% |
| Kotak Mahindra Bank Ltd | 0.67% |
| The Federal Bank Ltd | 0.47% |
| IT - Software | |
| Infosys Ltd | 3.59% |
| Tata Consultancy Services Ltd | 1.48% |
| HCL Technologies Ltd | 0.68% |
| MphasiS Ltd | 0.66% |
| Petroleum Products | |
| Reliance Industries Ltd | 4.09% |
| Automobiles | |
| Tata Motors Ltd | 1.56% |
| Maruti Suzuki India Ltd | 0.92% |
| TVS Motor Company Ltd | 0.65% |
| Eicher Motors Ltd | 0.33% |
| Consumer Durables | |
| Havells India Ltd | 0.83% |
| Greenply Industries Ltd | 0.77% |
| Kajaria Ceramics Ltd | 0.65% |
| Titan Company Ltd | 0.58% |
| Crompton Greaves Consumer Electricals Ltd | 0.53% |
| Diversified FMCG | |
| ITC Ltd | 2.04% |
| Hindustan Unilever Ltd | 1.08% |
| Pharmaceuticals & Biotechnology | |
| Aurobindo Pharma Ltd | 1.34% |
| Sun Pharmaceutical Industries Ltd | 1.12% |
| Torrent Pharmaceuticals Ltd | 0.54% |
| Construction | |
| Larsen & Toubro Ltd | 2.57% |
| Finance | |
| Shriram Finance Ltd | 1.04% |
| LIC Housing Finance Ltd | 0.60% |
| Cholamandalam Financial Holdings Ltd | 0.46% |
| SBI Cards and Payment Services Ltd | 0.39% |
| Bajaj Finserv Ltd | 0.06% |
| Auto Components | |
| Craftsman Automation Ltd | 1.19% |
| Samvardhana Motherson International Ltd | 0.79% |
| Sona BLW Precision Forgings Ltd | 0.46% |
| Power | |
| NTPC Ltd | 2.34% |
| Transport Services | |
| Delhivery Ltd | 0.71% |
| InterGlobe Aviation Ltd | 0.67% |
| Gateway Distriparks Ltd | 0.51% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.79% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.10% |
| UltraTech Cement Ltd | 0.63% |
| Retailing | |
| Zomato Ltd | 0.71% |
| Electronics Mart India Ltd | 0.51% |
| Go Fashion (India) Ltd | 0.24% |
| Personal Products | |
| Dabur India Ltd | 0.71% |
| Godrej Consumer Products Ltd | 0.54% |
| Emami Ltd | 0.20% |
| Insurance | |
| SBI Life Insurance Company Ltd | 0.70% |
| Max Financial Services Ltd | 0.61% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 1.19% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.04% |
| Chemicals & Petrochemicals | |
| Vinati Organics Ltd | 0.57% |
| Tatva Chintan Pharma Chem Ltd | 0.44% |
| Gas | |
| Gujarat State Petronet Ltd | 1.01% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.85% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.51% |
| Yatra Online Ltd | 0.24% |
| Electrical Equipment | |
| TD Power Systems Ltd | 0.52% |
| Avalon Technologies Ltd | 0.17% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.61% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.54% |
| Consumable Fuels | |
| Coal India Ltd | 0.46% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.41% |
| Financial Technology (Fintech) | |
| One 97 Communications Ltd | 0.15% |
| Food Products | |
| Nestle India Ltd | 0.00% |
| Equity Holding Total | 72.31% |
| Corporate Bond | |
| 8.5% Cholamandalam Investment and Finance Company Ltd (07/12/2026) ** | 0.60% |
| 7.1% Muthoot Finance Ltd (20/06/2024) ** | 0.60% |
| 8.3% Muthoot Finance Ltd (06/01/2026) ** | 0.60% |
| 7.25% NABARD (01/08/2025) ** | 0.60% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.60% |
| 7.42% Power Finance Corporation Ltd (08/09/2032) ** | 0.59% |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 0.48% |
| 8.3% Godrej Properties Ltd (19/03/2027) ** | 0.48% |
| 6.92% REC Ltd (20/03/2032) ** | 0.46% |
| 8.43% Muthoot Finance Ltd (31/07/2026) ** | 0.42% |
| 9.5% Motilal Oswal Finvest Ltd (12/09/2025) ** | 0.36% |
| 7.9% Jamnagar Utilities & Power Private Ltd (10/08/2028) | 0.34% |
| 8.9% Bharti Telecom Ltd (04/12/2025) ** | 0.30% |
| 7.77% Embassy Office Parks REIT (05/06/2025) ** | 0.30% |
| 9.03980156% Northern Arc Capital Ltd (12/07/2024) ** | 0.30% |
| 7.725% Larsen & Toubro Ltd (28/04/2028) ** | 0.30% |
| 7.6% REC Ltd (27/02/2026) ** | 0.30% |
| 7.53% REC Ltd (31/03/2033) ** | 0.30% |
| 7.15% Small Industries Dev Bank of India (02/06/2025) ** | 0.30% |
| 7.9237% Bajaj Housing Finance Ltd (16/03/2026) ** | 0.26% |
| 7.9% Bajaj Finance Ltd (17/11/2025) ** | 0.24% |
| 4.5% Oil & Natural Gas Corporation Ltd (09/02/2024) ** | 0.22% |
| 7.7201% LIC Housing Finance Ltd (12/02/2026) ** | 0.18% |
| 5.23% NABARD (31/01/2025) ** | 0.18% |
| 7.4% NABARD (30/01/2026) | 0.18% |
| 6.88% REC Ltd (20/03/2025) ** | 0.18% |
| 7.5% Power Grid Corporation of India Ltd (24/08/2033) ** | 0.18% |
| 8.7% Bharti Telecom Ltd (21/11/2024) ** | 0.15% |
| 7.57% NABARD (19/03/2026) ** | 0.15% |
| 6.25% Embassy Office Parks REIT (18/10/2024) ** | 0.12% |
| 7.95% ICICI Home Finance Company Ltd (24/11/2025) ** | 0.12% |
| 5.776% LIC Housing Finance Ltd (11/09/2025) ** | 0.12% |
| 6.09% Power Finance Corporation Ltd (27/08/2026) ** | 0.12% |
| 7.13% Power Finance Corporation Ltd (08/08/2025) ** | 0.12% |
| 7.7% REC Ltd (10/12/2027) ** | 0.12% |
| 5.24% Small Industries Dev Bank of India (26/03/2024) ** | 0.12% |
| 8.45% LIC Housing Finance Ltd (22/05/2026) ** | 0.06% |
| 8.48% LIC Housing Finance Ltd (29/06/2026) ** | 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 | 11.23% |
| Government Bond | |
| 7.26% GOI (06/02/2033) | 2.90% |
| 7.38% GOI (20/06/2027) | 1.65% |
| 7.26% GOI (22/08/2032) | 1.07% |
| 7.06% GOI (10/04/2028) | 0.65% |
| 7.18% GOI (14/08/2033) | 0.51% |
| 7.41% GOI (19/12/2036) | 0.49% |
| 7.18% GOI (24/07/2037) | 0.24% |
| Government Bond Total | 7.51% |
| Commercial Paper | |
| IIFL Securities Ltd (23/02/2024) ** | 0.59% |
| IIFL Samasta Finance Ltd (24/04/2024) ** | 0.49% |
| Birla Group Holdings Private Ltd (13/03/2024) ** | 0.43% |
| Motilal Oswal Financial Services Ltd (23/08/2024) ** | 0.40% |
| Motilal Oswal Finvest Ltd (07/03/2024) ** | 0.30% |
| Muthoot Finance Ltd (15/05/2024) ** | 0.19% |
| Small Industries Dev Bank of India (15/02/2024) ** | 0.18% |
| IGH Holdings Private Ltd (19/03/2024) ** | 0.13% |
| Commercial Paper Total | 2.71% |
| Certificate of Deposit | |
| ICICI Bank Ltd (13/06/2024) # | 0.38% |
| ICICI Bank Ltd (29/10/2024) ** # | 0.17% |
| Axis Bank Ltd (21/06/2024) ** # | 0.17% |
| Small Industries Dev Bank of India (21/06/2024) ** # | 0.12% |
| HDFC Bank Ltd (13/09/2024) ** # | 0.11% |
| Indian Bank (05/03/2024) # | 0.11% |
| Certificate of Deposit Total | 1.06% |
| State Government Bond | |
| 7.49% MEGHALAYA SDL (21/12/2027) | 0.30% |
| 6.99% Telangana SDL (10/06/2028) | 0.13% |
| 7.74% Tamilnadu UDAY SDL (22/02/2024) | 0.12% |
| 7.61% Rajasthan SDL (29/03/2027) | 0.12% |
| 7.59% Karnataka SDL (29/03/2027) | 0.05% |
| 7.25% Punjab SDL (14/06/2027) | 0.04% |
| 8.39% Andhra Pradesh SDL (27/01/2026) | 0.02% |
| 7.85% Rajasthan SDL (15/03/2027) | 0.02% |
| State Government Bond Total | 0.80% |
| Zero Coupon Bond | |
| Hero Fincorp Ltd (13/08/2024)**# | 0.65% |
| Zero Coupon Bond Total | 0.65% |
| REIT | |
| Embassy Office Parks REIT | 0.44% |
| REIT Total | 0.44% |
| Cash & Other Receivables Total | 3.29% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security # Unlisted Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | 5 Yrs | SI | |
| Mirae Asset Aggressive Hybrid Fund | 19.05% | 14.68% | 13.92% | 12.45% |
| Scheme Benchmark* | 18.39% | 14.11% | 14.17% | 12.21% |
| Additional Benchmark** | 20.33% | 16.19% | 16.28% | 13.48% |
| NAV as on 29th December, 2023 | ₹ 26.883 | |||
| Index Value (29th December, 2023) | Index Value of Scheme benchmark is 17,527.55 and S&P BSE Sensex (TRI) is 1,10,664.15 |
|||
| 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 29-December-2023 |
SI |
10,10,000 | 18,28,674 |
7 Yrs |
8,40,000 | 13,80,538 |
5 Yrs |
6,00,000 | 8,85,793 |
3 Yrs |
3,60,000 | 4,46,120 |
1 Yr |
1,20,000 | 1,37,028 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
13.71 | 13.97 | 15.61 | 14.49 | 27.63 |
Benchmark Return& (%) |
13.73 | 14.14 | 15.74 | 14.76 | 28.03 |
Add. Benchmark Return& (%) |
16.04 | 16.59 | 18.35 | 16.84 | 30.46 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 9.72% |
| Beta: | 1.01 |
| R Squared | 0.91 |
| Sharpe Ratio#: | 0.80 |
| Information Ratio | 0.20 |
| Portfolio Turnover Ratio | 0.56 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 December, 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 Mirae Asset Aggressive Hybrid Fund- Regular & Direct Plan - IDCW Option
*Pursuant to notice cum addendum no. 62/2023, the name of the schemes has been changed with effect from December 15, 2023.