3 Year return

0
Launched on July 2022 (2 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Moderately High Risk

Scheme Information

Asset Under Management

₹1589.97 Cr.

Expense Ratio

0.71% (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.

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

HB

Harshad Borawake

Fund Manager since Jan 2024

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹164,467.60 Cr.
No. of Schemes 107
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout

Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout, managed by Mirae Asset Mutual Fund, offers a dynamic investment approach. It is a balanced fund. The fund has a slightly higher expense ratio than the category average. The payout option also provides you with a regular income stream.

Investment Objective of the Scheme

Mirae Asset Balanced Advantage Fund focuses on managing risk and potential returns by investing in a combination of equities, derivatives and debt securities. This fund seeks to provide potential growth while adjusting to market conditions via multiple asset classes.

Key Features of The Fund

5-year return NA
Expense Ratio 0.71%
Fund Manager Harshad Borawake
Fund Size ₹1589.97 Cr
Risk Profile Moderately High

Is This Scheme Suitable for Me?

If you're seeking a balanced investment strategy that adapts to varying market conditions, Mirae Asset Balanced Advantage Fund could align with your investment goals. Investors seeking a balanced portfolio for potential growth might consider this fund. However, keep in mind that both equities, derivatives and debt investments carry high risk, especially in balancing all these different tools at the same time. Evaluate your risk tolerance and investment objectives before considering this fund. Consulting financial experts can helpful in making informed investment decisions.

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
Email 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

What is today's NAV of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout Jun 18 2024 is 13.407

What is the AUM of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout is 1589.97 crore.

What is the expense ratio of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout is 0.71%

What are the returns of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout since inception?

The Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout was launched on Jul 21 2022. The fund has delivered a CAGR of 17.03 since inception.

What is the minimum SIP amount to invest in Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout is 500.

How do I invest in Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. 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.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mirae Asset Balanced Advantage Fund Direct Plan IDCW Payout?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.