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 February 29, 2024 | 8,379.83 |
| Net AUM (₹ Cr.) | 8,413.74 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
Regular Plan: 1.73% Direct Plan: 0.38% |
| **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 | ₹ 31.577 | ₹27.568 |
| IDCW | ₹ 21.087 | ₹ 17.627 |
| New Position Bought |
| Stock |
Cement & Cement Products |
Dalmia Bharat Limited |
Finance |
Bajaj Finance Limited |
Realty |
Embassy Office Parks REIT |
| Positions Increased |
Auto Components |
Samvardhana Motherson International Limited |
Banks |
HDFC Bank Limited |
Kotak Mahindra Bank Limited |
Finance |
SBI Cards and Payment Services Limited |
Non - Ferrous Metals |
Hindalco Industries Limited |
Realty |
Brigade Enterprises Limited |
| Positions Decreased |
| Stock |
Automobiles |
Tata Motors Limited |
Banks |
ICICI Bank Limited |
Cement & Cement Products |
UltraTech Cement Limited |
Gas |
Gujarat State Petronet Limited |
Healthcare Services |
Krishna Institute Of Medical Sciences Limited |
Leisure Services |
Westlife Foodworld Limited |
Petroleum Products |
Reliance Industries Limited |
Pharmaceuticals & Biotechnology |
Sun Pharmaceutical Industries Limited |
Telecom - Services |
Bharti Airtel Limited |
Average Maturity |
3.68 Years |
Modified Duration |
2.61 Years |
Macaulay Duration |
2.74 Years |
Annualized Portfolio YTM* |
7.79% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Limited |
5.55% |
ICICI Bank Limited |
4.77% |
State Bank of India |
4.23% |
Axis Bank Limited |
3.20% |
IndusInd Bank Limited |
0.65% |
Kotak Mahindra Bank Limited |
0.64% |
The Federal Bank Limited |
0.44% |
IT - Software |
|
Infosys Limited |
3.84% |
Tata Consultancy Services Limited |
1.58% |
HCL Technologies Limited |
0.76% |
MphasiS Limited |
0.62% |
Petroleum Products |
|
Reliance Industries Limited |
4.36% |
Automobiles |
|
Tata Motors Limited |
1.73% |
Maruti Suzuki India Limited |
1.00% |
TVS Motor Company Limited |
0.68% |
Eicher Motors Limited |
0.30% |
Consumer Durables |
|
Havells India Limited |
0.98% |
Greenply Industries Limited |
0.84% |
Kajaria Ceramics Limited |
0.63% |
Titan Company Limited |
0.57% |
Crompton Greaves Consumer Electricals Limited |
0.49% |
Pharmaceuticals & Biotechnology |
|
Aurobindo Pharma Limited |
1.26% |
Sun Pharmaceutical Industries Limited |
1.03% |
Torrent Pharmaceuticals Limited |
0.61% |
Diversified FMCG |
|
ITC Limited |
1.77% |
Hindustan Unilever Limited |
0.97% |
Finance |
|
Shriram Finance Limited |
1.22% |
LIC Housing Finance Limited |
0.71% |
Cholamandalam Financial Holdings Limited |
0.46% |
Bajaj Finance Limited |
0.21% |
SBI Cards and Payment Services Limited |
0.03% |
Construction |
|
Larsen & Toubro Limited |
2.60% |
Power |
|
NTPC Limited |
2.49% |
Auto Components |
|
Samvardhana Motherson International Limited |
0.94% |
Craftsman Automation Limited |
0.92% |
Sona BLW Precision Forgings Limited |
0.49% |
Transport Services |
|
Delhivery Limited |
0.91% |
InterGlobe Aviation Limited |
0.70% |
Gateway Distriparks Limited |
0.52% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.27% |
UltraTech Cement Limited |
0.34% |
Dalmia Bharat Limited |
0.24% |
Telecom - Services |
|
Bharti Airtel Limited |
1.82% |
Retailing |
|
Zomato Limited |
0.94% |
Electronics Mart India Limited |
0.51% |
Go Fashion (India) Limited |
0.21% |
Personal Products |
|
Dabur India Limited |
0.67% |
Godrej Consumer Products Limited |
0.59% |
Emami Limited |
0.17% |
Insurance |
|
SBI Life Insurance Company Limited |
0.75% |
Max Financial Services Limited |
0.62% |
Aerospace & Defense |
|
Bharat Electronics Limited |
1.31% |
Gas |
|
Gujarat State Petronet Limited |
1.19% |
Ferrous Metals |
|
Tata Steel Limited |
1.04% |
Chemicals & Petrochemicals |
|
Vinati Organics Limited |
0.53% |
Tatva Chintan Pharma Chem Limited |
0.33% |
Electrical Equipment |
|
TD Power Systems Limited |
0.58% |
Avalon Technologies Limited |
0.16% |
Industrial Products |
|
Prince Pipes And Fittings Limited |
0.65% |
Consumable Fuels |
|
Coal India Limited |
0.61% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Limited |
0.59% |
Leisure Services |
|
Westlife Foodworld Limited |
0.29% |
Yatra Online Limited |
0.27% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.54% |
Realty |
|
Brigade Enterprises Limited |
0.44% |
Textiles & Apparels |
|
Page Industries Limited |
0.36% |
Financial Technology (Fintech) |
|
One 97 Communications Limited |
0.09% |
Food Products |
|
Nestle India Limited |
0.00% |
Equity Holding Total |
72.81% |
Corporate Bond |
|
Muthoot Finance Limited |
1.60% |
REC Limited |
1.35% |
National Bank For Agriculture and Rural Development |
1.16% |
Cholamandalam Investment and Finance Company Ltd |
1.07% |
Power Finance Corporation Limited |
0.82% |
Shriram Finance Limited |
0.59% |
Bharti Telecom Limited |
0.45% |
Embassy Office Parks REIT |
0.41% |
Motilal Oswal Finvest Limited |
0.36% |
Jamnagar Utilities & Power Private Limited |
0.33% |
Larsen & Toubro Limited |
0.30% |
Northern Arc Capital Limited |
0.30% |
360 One Prime Limited |
0.30% |
Small Industries Dev Bank of India |
0.29% |
Bajaj Finance Limited |
0.24% |
LIC Housing Finance Limited |
0.24% |
Small Industries Dev Bank of India |
0.21% |
Bajaj Housing Finance Limited |
0.14% |
ICICI Home Finance Company Limited |
0.12% |
IDFC First Bank Limited |
0.09% |
National Bank For Agriculture and Rural Development |
0.06% |
Godrej Properties Limited |
0.06% |
HDFC Bank Limited |
0.04% |
Indian Oil Corporation Limited |
0.02% |
Corporate Bond Total |
10.52% |
Government Bond |
|
7.18% GOI (MD 14/08/2033) |
1.96% |
7.38% GOI (MD 20/06/2027) |
1.63% |
7.26% GOI (MD 22/08/2032) |
1.06% |
7.26% GOI (MD 06/02/2033) |
0.90% |
7.06% GOI (MD 10/04/2028) |
0.60% |
7.18% GOI (MD 24/07/2037) |
0.58% |
7.3% GOI (MD 19/06/2053) |
0.36% |
Government Bond Total |
7.10% |
Commercial Paper |
|
Godrej Industries Limited |
0.76% |
IIFL Samasta Finance Limited |
0.49% |
Birla Group Holdings Private Limited |
0.43% |
Motilal Oswal Financial Services Limited |
0.40% |
Motilal Oswal Finvest Limited |
0.30% |
Piramal Capital & Housing Finance Limited |
0.18% |
IGH Holdings Private Limited |
0.13% |
Commercial Paper Total |
2.68% |
Certificate of Deposit |
|
ICICI Bank Limited |
0.38% |
Axis Bank Limited |
0.29% |
National Bank For Agriculture and Rural Development |
0.22% |
Small Industries Dev Bank of India |
0.12% |
HDFC Bank Limited |
0.11% |
Certificate of Deposit Total |
1.13% |
REIT |
|
Embassy Office Parks REIT |
0.78% |
REIT Total |
0.78% |
State Government Bond |
|
7.49% MEGHALAYA SDL (MD 21/12/2027) |
0.30% |
6.99% Telangana SDL (MD 10/06/2028) |
0.13% |
7.61% Rajasthan SDL (MD 29/03/2027) |
0.12% |
7.59% Karnataka SDL (MD 29/03/2027) |
0.05% |
7.25% Punjab SDL (MD 14/06/2027) |
0.04% |
8.39% Andhra Pradesh SDL (MD 27/01/2026) |
0.02% |
State Government Bond Total |
0.65% |
Zero Coupon Bond |
|
Hero Fincorp Limited |
0.65% |
Zero Coupon Bond Total |
0.65% |
Equity Futures |
|
SBI Cards and Payment Services Limited |
0.34% |
Equity Futures Total |
0.34% |
Reduced Face Value Bonds - Non Amortisation |
|
Power Grid Corporation of India Limited |
0.18% |
Reduced Face Value Bonds - Non Amortisation Total |
0.18% |
Cash & Other Receivables Total |
3.16% |
Total |
100.00% |
| Returns (in%) | |||||
| 1 Year | 3 Years | 5 years | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Aggressive Hybrid Fund | 26.33% |
13.79% |
14.66% |
12.52% |
27,568 |
| Scheme Benchmark* | 26.66% |
14.11% |
15.08% |
12.34% |
27,184 |
| Additional Benchmark** | 24.58% |
15.26% |
16.50% |
13.27% |
29,190 |
| NAV as on 29th February, 2024 | ₹ 27.568 | ||||
| Index Value (29th February, 2024) | Index Value of Scheme benchmark is 18,037.65 and S&P BSE Sensex (TRI) is 1,11,227.59 |
||||
| 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) 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-February-2024 |
SI |
10,30,000 |
18,95,654 |
7 Yrs |
8,40,000 |
13,86,692 |
5 Yrs |
6,00,000 |
8,89,362 |
3 Yrs |
3,60,000 |
4,47,365 |
1 Yr |
1,20,000 |
1,36,271 |
Returns (%) |
Period |
||||
SI |
7yrs |
5yrs |
3yrs |
1yr |
|
Fund Return& (%) |
13.79 |
14.08 |
15.76 |
14.65 |
26.18 |
Benchmark Return& (%) |
13.89 |
14.35 |
16.01 |
15.21 |
27.50 |
Add. Benchmark Return& (%) |
15.59 |
16.01 |
17.57 |
15.46 |
24.46 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Volatility | 9.27% |
| Beta: | 0.98 |
| R Squared | 0.93 |
| Sharpe Ratio#: | 0.76 |
| Information Ratio | -0.17 |
| 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 29th February, 2024.^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 schemes of Mirae Asset Mutual Fund has been changed with effect from December 15, 2023.