HYBRID•DYNAMIC ASSET ALLOCATION OR BALANCED ADVANTAGE
Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment
3 Year return
11.33%
NAV on August 11, 2026
14.434
1D Returns
0%
Launched on July 2022(4 years)
Investment Details
₹99
Minimum SIP Amount
₹5000
Minimum one time investment
Fund has no lock-in period
Calculate Returns
Based on past performance of this fund
₹
Your Investment₹3,600
Gain
19.56%₹704
Total Value ₹4,304
Risk Involved
Your principal will be at
Very High Risk
Scheme Information
Asset Under Management
₹2,128.89 Cr.
Expense Ratio
0.96% (inclusive of GST)
Exit Load
15% of the units allotted (including Switch-in/STP - in on or before completion of 180 days from the date of allotment of units: Nil. 1.00% - If redeemed within 6 months (180 days) from the date of allotment. Nil - If redeemed after 6 months (180 days) from the date of allotment.
Ratings
0
Ratings by other agencies
Value Research
0
Crisil
0
Morning Star
0
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
Mirae Asset Mutual Fund Manager
BB
Basant Bafna
Fund Manager since Dec 2025
HB
Harshad Borawake
Fund Manager since Jan 2024
MJ
Mahendra Jajoo
Fund Manager since Jun 2025
Fund House Details
Mirae Asset Mutual Fund
Asset management company
AUM
₹2,32,231.51 Cr.
No. of Schemes
163
Setup Date
November 2007
Peer Comparison
Comparison with other similar funds
| Funds | 3 Y Returns | ARQ Rating |
|---|---|---|
| HDFC Balanced Advantage Fund | 13.8079% | 4 |
| Baroda BNP Paribas Balanced Advantage Fund | 13.4305% | 3 |
| ICICI Prudential Balanced Advantage Fund | 12.9029% | 5 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Funds
3 Years Returns
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment12.2617%
Mirae Asset Balanced Advantage Fund is a hybrid fund managed by Mirae Asset Mutual Fund. It is a dynamic asset allocation fund, which means that the fund manager can change the asset allocation between equity and debt as per market conditions.
Investment Objective of The Scheme
The investment objective of the fund is to generate long-term returns by dynamically managing the asset allocation between equity and debt. The scheme has diversified funds across large-cap, mid-cap, and small cap stocks in addition to government and low-risk securities. To achieve the objective, the fund manager has the freedom to reallocate assets between equity and debt as per market conditions.
Key Features of The Fund
5-year return
0%
Expense Ratio
0.96%
Fund Manager
Basant Bafna
Fund Size
₹2128.89 Cr.
Risk Profile
Moderately High
Is This Scheme Right for Me?
The fund is suitable for investors who have a medium to long-term investment horizon and who are looking for a balanced investment that can provide both growth and income. The fund comes under a very high-risk category. This makes the fund suitable for investors who want to participate in the growth of the equity market but also want to protect their capital in case of a market downturn.
AMC Contact Details
| Name | Mirae Asset Mutual Fund |
| Launch Date | November 2007 |
| Address | 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
What is today's NAV of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment?
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 Reinvestment on August 11, 2026, is ₹14.434
What is the AUM of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment?
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 Reinvestment, is ₹2128.89 crore.
What is the expense ratio of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment?
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 Reinvestment is 0.96%
What are the returns of Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment since inception?
The Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment was launched on July 21, 2022. The fund has delivered a CAGR of undefined since inception.
What is the minimum SIP amount to invest in Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment?
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 Reinvestment is ₹99.
How do I invest in Mirae Asset Balanced Advantage Fund Direct Plan IDCW Reinvestment?
- 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 Direct Plan IDCW Reinvestment?
- 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 Direct Plan IDCW Reinvestment?
- 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 Direct Plan IDCW Reinvestment?
- 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.
ENTER AMOUNT
₹
₹4,304 in 3Y at 11.3305% returns
SIP Date1st of every month
Your next SIP Payment will be on 11 September 2026
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