3 Year return
0Investment Details
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Based on past performance of this fund
Risk Involved
Your principal will be at
Moderately High Risk
Asset Under Management
₹1770.05 Cr.
Expense Ratio
0.68% (inclusive of GST)
Exit Load
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. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
Mirae Asset Mutual Fund Managers
HB
Harshad Borawake
Fund Manager since Jan 2024
Fund House Details
Mirae Asset Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
HDFC Balanced Advantage Fund |
21.64% |
4 |
Baroda BNP Paribas Balanced Advantage Fund |
14.1% |
3 |
Edelweiss Balanced Advantage Fund |
12.93% |
5 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct Growth
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct IDCW Payout
About Mirae Asset Balanced Advantage Fund Direct Plan-Growth
Mirae Asset Balanced Advantage Fund Direct Plan-Growth is an open-ended hybrid mutual fund plan brought to you by Mirae Asset Mutual Fund. The fund falls within the category of balanced advantage funds and lets investors have exposure to a dynamic, yet balanced approach to asset allocation. Most of the fund invests in stocks of large-cap companies, while the rest falls in the mid-cap and small-cap group of securities regarding equity in the fund. A hybrid plan, this scheme offers you a debt component too, with some of this invested in low-risk securities and some in government securities.
Investment Objective of the Scheme
The prominent investment objective of Mirae Asset Balanced Advantage Fund Direct Plan-Growth is the generation of long-term income and capital appreciation by a dynamically managed asset allocation involving debt and equity. This is done to potentially mitigate risks for investors.
Key Features of The Fund
5-year return | NA |
Expense Ratio | 0.68% |
Fund Manager | Harshad Borawake |
Fund Size | ₹1770.05 Cr |
Risk Profile | Moderately High |
Is This Scheme Right for Me?
As an investor, you may choose this fund if you want a consistent investing alternative that modifies exposure to debt and equities based on market conditions. If you have a moderate risk appetite and an investment horizon that will see you through the long term, you may think of investing in the Mirae Asset Balanced Advantage Fund Direct Plan-Growth scheme. As is the case with decisions about any investments, it is essential if you align your investments with your personal financial objectives and needs.
AMC Contact Details
Name | Mirae Asset Mutual Fund |
Launch Date | November 2007 |
Addresss | Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098. |
Contact | 1800-2090-777 |
customercare@miraeasset.com | |
Website | https://www.miraeassetmf.co.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
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How do I invest in Mirae Asset Balanced Advantage Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset Balanced Advantage Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset Balanced Advantage Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset Balanced Advantage Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.