MIRAE ASSET
BALANCED ADVANTAGE FUND
(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: ₹ 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 | 1,449.21 |
| Net AUM (₹ Cr.) |
1,477.90 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on December 31, 2023 |
Regular Plan: 2.10% Direct Plan: 0.69% |
| **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 | ₹ 12.310 | ₹ 12.068 |
| IDCW | ₹ 12.305 | ₹ 12.065 |
| New Position Bought |
| Stock |
| Agricultural, Commercial & Construction Vehicles |
| Ashok Leyland Limited |
| Finance |
| IIFL Finance Limited |
| Oil |
| Oil & Natural Gas Corporation Limited |
| Personal Products |
| Godrej Consumer Products Limited |
| Positions Increased |
| Stock |
| Banks |
| HDFC Bank Limited |
| IndusInd Bank Limited |
| State Bank of India |
| Consumable Fuels |
| Coal India Limited |
| Finance |
| Fusion Micro Finance Limited |
| Positions Decreased |
| Stock |
| Automobiles |
| TVS Motor Company Limited |
| Banks |
| ICICI Bank Limited |
| Chemicals & Petrochemicals |
| Navin Fluorine International Limited |
| Consumer Durables |
| Titan Company Limited |
| Ferrous Metals |
| Tata Steel Limited |
| Finance |
| Bajaj Finserv Limited |
| Food Products |
| Nestle India Limited |
| Healthcare Services |
| Krishna Institute Of Medical Sciences Limited |
| IT - Services |
| Tata Technologies Ltd |
| IT - Software |
| Tata Consultancy Services Limited |
| Pharmaceuticals & Biotechnology |
| Biocon Limited |
| Sun Pharmaceutical Industries Limited |
| Telecom - Services |
| Bharti Airtel Limited |
Average Maturity |
3.37 Years |
Modified Duration |
2.57 Years |
Macaulay Duration |
2.69 Years |
Annualized Portfolio YTM* |
7.52% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Banks | |
| HDFC Bank Ltd | 5.15% |
| ICICI Bank Ltd | 4.08% |
| State Bank of India | 2.80% |
| Axis Bank Ltd | 1.73% |
| Kotak Mahindra Bank Ltd | 1.03% |
| IndusInd Bank Ltd | 0.87% |
| The Federal Bank Ltd | 0.56% |
| Bandhan Bank Ltd | 0.38% |
| RBL Bank Ltd | 0.10% |
| Canara Bank | 0.01% |
| IT - Software | |
| Infosys Ltd | 2.61% |
| Tata Consultancy Services Ltd | 1.24% |
| HCL Technologies Ltd | 0.95% |
| LTIMindtree Ltd | 0.37% |
| Tech Mahindra Ltd | 0.29% |
| Finance | |
| Power Finance Corporation Ltd | 0.83% |
| Shriram Finance Ltd | 0.79% |
| Fusion Micro Finance Ltd | 0.74% |
| IIFL Finance Ltd | 0.53% |
| LIC Housing Finance Ltd | 0.46% |
| Cholamandalam Financial Holdings Ltd | 0.38% |
| SBI Cards and Payment Services Ltd | 0.35% |
| Cholamandalam Investment and Finance Company Ltd | 0.26% |
| Bajaj Finserv Ltd | 0.06% |
| Pharmaceuticals & Biotechnology | |
| Sun Pharmaceutical Industries Ltd | 1.26% |
| Aurobindo Pharma Ltd | 0.96% |
| Torrent Pharmaceuticals Ltd | 0.77% |
| Biocon Ltd | 0.29% |
| JB Chemicals & Pharmaceuticals Ltd | 0.25% |
| Dr. Reddy's Laboratories Ltd | 0.25% |
| Automobiles | |
| Maruti Suzuki India Ltd | 1.43% |
| Tata Motors Ltd | 1.32% |
| TVS Motor Company Ltd | 0.37% |
| Eicher Motors Ltd | 0.25% |
| Hero MotoCorp Ltd | 0.07% |
| Diversified FMCG | |
| ITC Ltd | 1.59% |
| Hindustan Unilever Ltd | 1.26% |
| Petroleum Products | |
| Reliance Industries Ltd | 2.77% |
| Bharat Petroleum Corporation Ltd | 0.02% |
| Ferrous Metals | |
| Tata Steel Ltd | 1.04% |
| Steel Authority of India Ltd | 0.60% |
| Jindal Steel & Power Ltd | 0.52% |
| JSW Steel Ltd | 0.44% |
| Construction | |
| Larsen & Toubro Ltd | 2.20% |
| Cement & Cement Products | |
| Ambuja Cements Ltd | 1.30% |
| Grasim Industries Ltd | 0.41% |
| JK Cement Ltd | 0.33% |
| ACC Ltd | 0.11% |
| Consumer Durables | |
| Titan Company Ltd | 0.70% |
| Havells India Ltd | 0.35% |
| Kajaria Ceramics Ltd | 0.32% |
| Greenply Industries Ltd | 0.20% |
| Crompton Greaves Consumer Electricals Ltd | 0.20% |
| Retailing | |
| Electronics Mart India Ltd | 0.72% |
| Go Fashion (India) Ltd | 0.51% |
| Zomato Ltd | 0.44% |
| Auto Components | |
| Samvardhana Motherson International Ltd | 0.63% |
| Craftsman Automation Ltd | 0.59% |
| Sona BLW Precision Forgings Ltd | 0.31% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 0.85% |
| MTAR Technologies Ltd | 0.48% |
| Ideaforge Technology Ltd | 0.16% |
| Power | |
| NTPC Ltd | 1.31% |
| Consumable Fuels | |
| Coal India Ltd | 1.24% |
| Insurance | |
| SBI Life Insurance Company Ltd | 0.83% |
| Max Financial Services Ltd | 0.34% |
| Electrical Equipment | |
| TD Power Systems Ltd | 0.84% |
| Avalon Technologies Ltd | 0.31% |
| Telecom - Services | |
| Bharti Airtel Ltd | 1.14% |
| Non - Ferrous Metals | |
| Hindalco Industries Ltd | 0.92% |
| Leisure Services | |
| Yatra Online Ltd | 0.55% |
| Westlife Foodworld Ltd | 0.32% |
| Personal Products | |
| Godrej Consumer Products Ltd | 0.32% |
| Dabur India Ltd | 0.26% |
| Emami Ltd | 0.14% |
| Transport Services | |
| InterGlobe Aviation Ltd | 0.43% |
| Gateway Distriparks Ltd | 0.21% |
| Container Corporation of India Ltd | 0.07% |
| IT - Services | |
| Tata Technologies Ltd | 0.64% |
| Agricultural Food & other Products | |
| Balrampur Chini Mills Ltd | 0.26% |
| Marico Ltd | 0.18% |
| Tata Consumer Products Ltd | 0.15% |
| Fertilizers & Agrochemicals | |
| PI Industries Ltd | 0.51% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 0.30% |
| Sun TV Network Ltd | 0.15% |
| Healthcare Services | |
| Krishna Institute Of Medical Sciences Ltd | 0.41% |
| Chemicals & Petrochemicals | |
| Deepak Nitrite Ltd | 0.40% |
| Navin Fluorine International Ltd | 0.01% |
| SRF Ltd | 0.00% |
| Realty | |
| DLF Ltd | 0.39% |
| Industrial Products | |
| Prince Pipes And Fittings Ltd | 0.32% |
| Oil | |
| Oil & Natural Gas Corporation Ltd | 0.21% |
| Capital Markets | |
| KFin Technologies Ltd | 0.21% |
| Food Products | |
| Nestle India Ltd | 0.13% |
| Beverages | |
| United Spirits Ltd | 0.13% |
| Agricultural, Commercial & Construction Vehicles | |
| Ashok Leyland Ltd | 0.10% |
| Transport Infrastructure | |
| Adani Ports and Special Economic Zone Ltd | 0.09% |
| Textiles & Apparels | |
| Page Industries Ltd | 0.01% |
| Equity Holding Total | 66.67% |
| Government Bond | |
| 7.38% GOI (20/06/2027) | 4.78% |
| 6.54% GOI (17/01/2032) | 3.25% |
| 7.18% GOI (14/08/2033) | 3.05% |
| 7.26% GOI (06/02/2033) | 0.68% |
| Government Bond Total | 11.76% |
| Corporate Bond | |
| 7.38% Cholamandalam Investment and Finance Company Ltd (31/07/2024) ** | 1.68% |
| 7.4% HDFC Bank Ltd (02/06/2025) ** | 1.68% |
| 7.25% Small Industries Dev Bank of India (31/07/2025) ** | 1.68% |
| 5.23% NABARD (31/01/2025) ** | 1.65% |
| 8.29% Axis Finance Ltd (26/02/2027) ** | 1.42% |
| 8.9% Bharti Telecom Ltd (04/12/2025) ** | 1.02% |
| 5.75% LIC Housing Finance Ltd (14/06/2024) ** | 0.80% |
| 7.9% Jamnagar Utilities & Power Private Ltd (10/08/2028) | 0.68% |
| 7.86% Nexus Select Trust - REIT (16/06/2026) ** | 0.67% |
| 7.85% Bajaj Housing Finance Ltd (01/09/2028) ** | 0.51% |
| 9% Shriram Finance Ltd (24/06/2024) ** | 0.51% |
| 7.68% Bank of Baroda (01/12/2033) ** | 0.47% |
| 6.92% REC Ltd (20/03/2032) ** | 0.32% |
| Corporate Bond Total | 13.09% |
| Certificate of Deposit | |
| Axis Bank Ltd (11/03/2024) ** # | 0.93% |
| Certificate of Deposit Total | 0.93% |
| Cash & Other Receivables Total | 7.55% |
| Total | 100.00% |
| Name of the Instrument | % to Net Assets |
| Derivatives | |
| Index / Stock Futures | |
| ACC Ltd | -0.11% |
| Ashok Leyland Ltd | -0.10% |
| Aurobindo Pharma Ltd | -0.28% |
| Balrampur Chini Mills Ltd | -0.26% |
| Bandhan Bank Ltd | -0.38% |
| Biocon Ltd | -0.29% |
| Canara Bank | -0.01% |
| Container Corporation of India Ltd | -0.07% |
| Cholamandalam Investment and Finance Company Ltd | -0.26% |
| Coal India Ltd | -0.84% |
| Deepak Nitrite Ltd | -0.41% |
| DLF Ltd | -0.39% |
| Dr. Reddy's Laboratories Ltd | -0.25% |
| The Federal Bank Ltd | -0.18% |
| Grasim Industries Ltd | -0.42% |
| Ambuja Cements Ltd | -0.49% |
| HDFC Bank Ltd | -0.45% |
| Hero MotoCorp Ltd | -0.07% |
| Hindalco Industries Ltd | -0.51% |
| Hindustan Unilever Ltd | -0.38% |
| ICICI Bank Ltd | -0.52% |
| IndusInd Bank Ltd | -0.31% |
| Infosys Ltd | -0.42% |
| ITC Ltd | -0.32% |
| Jindal Steel & Power Ltd | -0.52% |
| JSW Steel Ltd | -0.45% |
| Kotak Mahindra Bank Ltd | -0.63% |
| Larsen & Toubro Ltd | -0.43% |
| LIC Housing Finance Ltd | -0.09% |
| Maruti Suzuki India Ltd | -0.87% |
| United Spirits Ltd | -0.13% |
| Adani Ports and Special Economic Zone Ltd | -0.10% |
| Oil & Natural Gas Corporation Ltd | -0.21% |
| PI Industries Ltd | -0.51% |
| Navin Fluorine International Ltd | -0.01% |
| Reliance Industries Ltd | -0.36% |
| RBL Bank Ltd | -0.10% |
| Steel Authority of India Ltd | -0.60% |
| State Bank of India | -0.22% |
| SBI Life Insurance Company Ltd | -0.40% |
| Sun Pharmaceutical Industries Ltd | -0.48% |
| Sun TV Network Ltd | -0.15% |
| Tata Consultancy Services Ltd | -0.38% |
| Tata Motors Ltd | -0.47% |
| Tech Mahindra Ltd | -0.30% |
| Tata Steel Ltd | -0.42% |
| Torrent Pharmaceuticals Ltd | -0.31% |
| Tata Consumer Products Ltd | -0.15% |
| Titan Company Ltd | -0.33% |
| Zee Entertainment Enterprises Ltd | -0.30% |
| Total | -16.64% |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| Mirae Asset Balanced AdvantageFund | 18.17% |
14.49% |
||
| Scheme Benchmark* | 14.26% |
12.16% |
||
| Additional Benchmark** | 21.30% |
17.18% |
||
| NAV as on 29th December, 2023 | ₹ 12.068 | |||
| Index Value (29th December, 2023) | Index Value of benchmark is 13,988.55 and Nifty 50 Index (TRI) is 31,933.93 |
|||
| 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-December-2023 |
SI |
1,60,000 | 1,82,985 |
1 Yr |
1,20,000 | 1,35,129 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
20.68 | 24.45 |
Benchmark Return& (%) |
16.90 | 19.91 |
Add. Benchmark Return& (%) |
26.91 | 33.54 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Portfolio Turnover Ratio | 2.77 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*
• 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.