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Mirae Asset Balanced Advantage Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :
1 Year | 3 Year | 5 Year | 9 Year | |
CAGR(%) | 8.52 | N/A | N/A | N/A |
Average Rolling Returns(%) | 19.27 | N/A | N/A | N/A |
The Current NAV of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is ₹13.45.
It is better to invest in a fund with a longer track record as Mirae Asset Balanced Advantage Fund - Growth - Direct Plan cannot be assessed for consistency of out-performance. Funds returns likely to be fairly different than its benchmark NIFTY 50 , as Funds portfolio is somewhat different.
Mirae Asset Balanced Advantage Fund - Growth - Direct Plan fund’s expense ratio is 0.68%
The process for redemption is
The AUM of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is currently ₹1,751 Crores.
The Top three stocks are HDFC Bank, ICICI Bank and Bharti Airtel and account for 10% of its portfolio. Top 5 and 10 stocks of fund account for 15% and 24% of fund’s portfolio respectively.
Top three sectors of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan fund are Others, BFSI and IT accounting for 53% of the total portfolio.
Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Hybrid - Dynamic Asset Allocation it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund is Hybrid - Dynamic Asset Allocation.
Harshad Borawake and Mahendra Kumar Jajoo manage the Mirae Asset Balanced Advantage Fund - Growth - Direct Plan Fund.
Mirae Asset Balanced Advantage Fund - Growth - Direct Plan current PE ratio is 32.23 and PB ratio is 5.39
The asset allocation of Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is Stocks : 68.18%, Debt : 31.79% and Gold : 0%
The minimum SIP amount for Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is ₹99.00 and minimum lumpsum is ₹5000.00
The exit load for Mirae Asset Balanced Advantage Fund - Growth - Direct Plan is 1% on or before 6 months (180 days), Nil after 6 months (180 days)