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 February 29, 2024 | 1,506.08 |
| Net AUM (₹ Cr.) |
1,518.44 |
| Monthly Total Expense Ratio (Including Statutory Levies) as on February 29, 2024 |
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 | ₹ 12.604 | ₹ 12.327 |
| IDCW | ₹12.599 | ₹ 12.324 |
| New Position Bought |
| Stock |
Capital Markets |
BSE Limited |
Consumer Durables |
Cera Sanitaryware Limited |
Finance |
Bajaj Finance Limited |
Cholamandalam Investment and Finance Company Ltd |
| Positions Increased |
| Stock |
Auto Components |
Samvardhana Motherson International Limited |
Banks |
HDFC Bank Limited |
Kotak Mahindra Bank Limited |
Chemicals & Petrochemicals |
SRF Limited |
Diversified FMCG |
ITC Limited |
Finance |
Fusion Micro Finance Limited |
Shriram Finance Limited |
Non - Ferrous Metals |
Hindalco Industries Limited |
Personal Products |
Godrej Consumer Products Limited |
Realty |
Brigade Enterprises Limited |
| Positions Decreased |
| Stock |
Banks |
ICICI Bank Limited |
Capital Markets |
KFin Technologies Limited |
Healthcare Services |
Krishna Institute Of Medical Sciences Limited |
IT - Software |
HCL Technologies Limited |
Leisure Services |
Westlife Foodworld Limited |
Petroleum Products |
Reliance Industries Limited |
Pharmaceuticals & Biotechnology |
Sun Pharmaceutical Industries Limited |
Average Maturity |
3.12 Years |
Modified Duration |
2.42 Years |
Macaulay Duration |
2.53 Years |
Annualized Portfolio YTM* |
7.43% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
Banks |
|
HDFC Bank Ltd |
4.60% |
ICICI Bank Ltd |
3.88% |
State Bank of India |
3.41% |
Axis Bank Ltd |
1.75% |
Kotak Mahindra Bank Ltd |
0.99% |
IndusInd Bank Ltd |
0.78% |
The Federal Bank Limited |
0.53% |
Bandhan Bank Limited |
0.30% |
RBL Bank Limited |
0.09% |
Canara Bank |
0.01% |
IT - Software |
|
Infosys Ltd |
2.76% |
Tata Consultancy Services Ltd |
1.30% |
HCL Technologies Limited |
0.84% |
LTIMindtree Limited |
0.39% |
Tech Mahindra Limited |
0.29% |
Finance |
|
Shriram Finance Limited |
0.96% |
Power Finance Corporation Ltd |
0.85% |
Fusion Micro Finance Limited |
0.72% |
LIC Housing Finance Limited |
0.54% |
IIFL Finance Limited |
0.51% |
Cholamandalam Financial Holdings Limited |
0.38% |
Cholamandalam Investment and Finance Company Ltd |
0.22% |
Bajaj Finance Limited |
0.05% |
Automobiles |
|
Tata Motors Limited |
1.56% |
Maruti Suzuki India Ltd |
1.53% |
TVS Motor Company Ltd |
0.38% |
Eicher Motors Ltd |
0.22% |
Pharmaceuticals & Biotechnology |
|
Sun Pharmaceutical Industries Ltd |
1.23% |
Aurobindo Pharma Ltd |
0.89% |
Torrent Pharmaceuticals Ltd |
0.86% |
Biocon Ltd |
0.31% |
JB Chemicals & Pharmaceuticals Limited |
0.23% |
Petroleum Products |
|
Reliance Industries Ltd |
2.76% |
Bharat Petroleum Corporation Limited |
0.74% |
Diversified FMCG |
|
ITC Ltd |
1.46% |
Hindustan Unilever Ltd |
1.11% |
Ferrous Metals |
|
Tata Steel Ltd |
1.02% |
Steel Authority of India Limited |
0.57% |
Jindal Steel & Power Limited |
0.52% |
JSW Steel Limited |
0.39% |
Construction |
|
Larsen & Toubro Ltd |
2.21% |
Cement & Cement Products |
|
Ambuja Cements Limited |
1.48% |
JK Cement Limited |
0.38% |
ACC Limited |
0.12% |
Retailing |
|
Electronics Mart India Limited |
0.71% |
Zomato Limited |
0.57% |
Go Fashion (India) Limited |
0.44% |
Indiamart Intermesh Limited |
0.23% |
Consumer Durables |
|
Titan Company Ltd |
0.68% |
Havells India Ltd |
0.46% |
Kajaria Ceramics Ltd |
0.31% |
Greenply Industries Limited |
0.21% |
Crompton Greaves Consumer Electricals Limited |
0.18% |
Cera Sanitaryware Limited |
0.11% |
Auto Components |
|
Samvardhana Motherson International Limited |
0.77% |
Craftsman Automation Limited |
0.47% |
Sona BLW Precision Forgings Limited |
0.32% |
Consumable Fuels |
|
Coal India Ltd |
1.46% |
Power |
|
NTPC Ltd |
1.37% |
Aerospace & Defense |
|
Bharat Electronics Ltd |
0.92% |
MTAR Technologies Limited |
0.41% |
Electrical Equipment |
|
TD Power Systems Limited |
0.93% |
Avalon Technologies Limited |
0.29% |
Insurance |
|
SBI Life Insurance Company Limited |
0.88% |
Max Financial Services Ltd |
0.34% |
Telecom - Services |
|
Bharti Airtel Ltd |
1.20% |
Realty |
|
Brigade Enterprises Limited |
0.48% |
DLF Limited |
0.47% |
Non - Ferrous Metals |
|
Hindalco Industries Limited |
0.83% |
Leisure Services |
|
Yatra Online Limited |
0.63% |
Westlife Foodworld Limited |
0.19% |
Personal Products |
|
Godrej Consumer Products Limited |
0.40% |
Dabur India Ltd |
0.25% |
Emami Limited |
0.11% |
Transport Services |
|
InterGlobe Aviation Limited |
0.45% |
Gateway Distriparks Limited |
0.21% |
Container Corporation of India Limited |
0.08% |
Capital Markets |
|
BSE Limited |
0.26% |
KFin Technologies Limited |
0.26% |
Fertilizers & Agrochemicals |
|
PI Industries Limited |
0.51% |
Chemicals & Petrochemicals |
|
Deepak Nitrite Limited |
0.35% |
SRF Limited |
0.10% |
Healthcare Services |
|
Krishna Institute Of Medical Sciences Limited |
0.30% |
Entertainment |
|
Zee Entertainment Enterprises Ltd |
0.17% |
Sun TV Network Limited |
0.13% |
Oil |
|
Oil & Natural Gas Corporation Limited |
0.26% |
Industrial Products |
|
Prince Pipes And Fittings Limited |
0.24% |
Agricultural Food & other Products |
|
Balrampur Chini Mills Limited |
0.23% |
Beverages |
|
United Spirits Limited |
0.13% |
Food Products |
|
Nestle India Limited |
0.12% |
Transport Infrastructure |
|
Adani Ports and Special Economic Zone Limited |
0.12% |
Agricultural, Commercial & Construction Vehicles |
|
Ashok Leyland Limited |
0.09% |
Textiles & Apparels |
|
Page Industries Ltd |
0.01% |
Total |
66.76% |
Corporate Bond |
|
Cholamandalam Investment and Finance Company Ltd |
1.64% |
HDFC Bank Limited |
1.63% |
National Bank For Agriculture and Rural Development |
1.61% |
Indian Railway Finance Corporation Limited |
1.32% |
Bharti Telecom Limited |
0.99% |
National Bank For Agriculture and Rural Development |
0.92% |
LIC Housing Finance Limited |
0.78% |
Jamnagar Utilities & Power Private Limited |
0.66% |
Nexus Select Trust - REIT |
0.65% |
Shriram Finance Limited |
0.49% |
Bajaj Housing Finance Limited |
0.49% |
REC Limited |
0.32% |
Bank of Baroda |
0.27% |
ICICI Bank Limited |
0.16% |
Corporate Bond Total |
11.94% |
Government Bond |
|
7.38% GOI (MD 20/06/2027) |
4.65% |
6.54% GOI (MD 17/01/2032) |
3.18% |
7.18% GOI (MD 14/08/2033) |
2.98% |
7.26% GOI (MD 06/02/2033) |
0.67% |
Government Bond Total |
11.48% |
Certificate of Deposit |
|
Punjab National Bank |
0.92% |
Bank of Baroda |
0.31% |
Certificate of Deposit Total |
1.23% |
Cash & Other Receivables Total |
8.60% |
Total |
100.00% |
Name of the Instrument |
% to Net Assets |
Derivatives |
|
Index / Stock Futures |
|
Canara Bank |
-0.01% |
Container Corporation of India Limited |
-0.08% |
Ashok Leyland Limited |
-0.09% |
RBL Bank Limited |
-0.09% |
LIC Housing Finance Limited |
-0.11% |
Adani Ports and Special Economic Zone Limited |
-0.12% |
ACC Limited |
-0.13% |
Sun TV Network Limited |
-0.13% |
United Spirits Limited |
-0.14% |
The Federal Bank Limited |
-0.17% |
Zee Entertainment Enterprises Limited |
-0.17% |
Cholamandalam Investment and Finance Company Ltd |
-0.22% |
Balrampur Chini Mills Limited |
-0.23% |
Indiamart Intermesh Limited |
-0.23% |
Aurobindo Pharma Limited |
-0.26% |
Oil & Natural Gas Corporation Limited |
-0.26% |
ITC Limited |
-0.27% |
IndusInd Bank Limited |
-0.27% |
Tech Mahindra Limited |
-0.29% |
Bandhan Bank Limited |
-0.30% |
Titan Company Limited |
-0.32% |
Biocon Limited |
-0.32% |
Hindustan Unilever Limited |
-0.34% |
Deepak Nitrite Limited |
-0.35% |
Torrent Pharmaceuticals Limited |
-0.35% |
HDFC Bank Limited |
-0.36% |
JSW Steel Limited |
-0.39% |
Reliance Industries Limited |
-0.40% |
Tata Consultancy Services Limited |
-0.40% |
Hindalco Industries Limited |
-0.41% |
Larsen & Toubro Limited |
-0.41% |
Tata Steel Limited |
-0.41% |
SBI Life Insurance Company Limited |
-0.42% |
Infosys Limited |
-0.45% |
DLF Limited |
-0.47% |
State Bank of India |
-0.48% |
PI Industries Limited |
-0.52% |
Jindal Steel & Power Limited |
-0.53% |
ICICI Bank Limited |
-0.54% |
Kotak Mahindra Bank Limited |
-0.55% |
Ambuja Cements Limited |
-0.56% |
Tata Motors Limited |
-0.56% |
Steel Authority of India Limited |
-0.58% |
Sun Pharmaceutical Industries Limited |
-0.59% |
Maruti Suzuki India Limited |
-0.92% |
Coal India Limited |
-0.95% |
Total |
-16.12% |
| Returns (in%) | |||
| 1 Year | Since inception | Value of 10000 invested Since Inception (in Rs.) | |
| Mirae Asset Balanced AdvantageFund | 23.46% |
14.42% |
12,327 |
| Scheme Benchmark* | 18.33% |
11.94% |
11,915 |
| Additional Benchmark** | 28.49% |
16.22% |
12,630 |
| NAV as on 29th February, 2024 | ₹ 12.327 | ||
| Index Value (29th February, 2024) | Index Value of benchmark is 14,211.32 and Nifty 50 Index (TRI) is 32,360.25 |
||
| 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-February-2024 |
SI |
1,80,000 |
2,07,219 |
1 Yr |
1,20,000 |
1,34,078 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
19.16 |
22.54 |
Benchmark Return& (%) |
15.47 |
18.28 |
Add. Benchmark Return& (%) |
22.98 |
28.73 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
| Portfolio Turnover Ratio | 2.69 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*
• 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.