Mirae Asset Investment Managers (India) Pv

Mirae Asset Balanced Advantage Fund Direct Plan- Growth

As on 25 Feb 2025

Mirae Asset Balanced Advantage Fund Direct Plan- Growth

Q: What kind of returns does Mirae Asset Balanced Advantage Fund Direct Plan- Growth provide?

Mirae Asset Balanced Advantage Fund Direct Plan- Growth aims to generate capital appreciation by investing mainly in public sector undertakings (PSUs). Historically, its returns have often shown moderate to high growth rate depending on market conditions. Mirae Asset Balanced Advantage Fund Direct Plan- Growth had a return of 5.93% over the past 1 year.

Q: How much expense ratio is charged by Mirae Asset Balanced Advantage Fund Direct Plan- Growth?

The expense ratio for Mirae Asset Balanced Advantage Fund Direct Plan- Growth, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 25 Feb 2025, the expense ratio charged by Mirae Asset Balanced Advantage Fund Direct Plan- Growth is typically around 2.34 %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of Mirae Asset Balanced Advantage Fund Direct Plan- Growth?

As of 25 Feb 2025, the Assets Under Management (AUM) of Mirae Asset Balanced Advantage Fund Direct Plan- Growth is approximately ₹1750.9028 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of Mirae Asset Balanced Advantage Fund Direct Plan- Growth?

The Net Asset Value (NAV) of Mirae Asset Balanced Advantage Fund Direct Plan- Growth is updated daily and reflects the per-unit value of the fund's assets. As of 25 Feb 2025 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of Mirae Asset Balanced Advantage Fund Direct Plan- Growth?

The PE ratio for Mirae Asset Balanced Advantage Fund Direct Plan- Growth is 23.72 and the PB ratio is 4.35. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of Mirae Asset Balanced Advantage Fund Direct Plan- Growth?

The exit load for Mirae Asset Balanced Advantage Fund Direct Plan- Growth is 0% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Hybrid

NAV

₹ 13.38

CAGR (3 Years)

AUM (Cr)

₹ 1,750.90

Risk

Moderately High Risk

About Mirae Asset Balanced Advantage Fund Direct Plan- Growth

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

Breakdown of this Fund

Aerospace & Defence

1.50%

Agro Chemicals

0.86%

Air Transport Service

0.98%

Alcoholic Beverages

0.30%

Auto Ancillaries

1.34%

Automobile

8.11%

Banks

26.83%

Bearings

0.11%

Capital Goods - Electrical Equipment

2.39%

Cement

3.42%

Chemicals

0.74%

Consumer Durables

2.03%

Crude Oil & Natural Gas

1.43%

Debt Others

30.49%

Diamond, Gems and Jewellery

0.93%

E-Commerce/App based Aggregator

2.30%

Edible Oil

0.27%

Finance

8.15%

Financial Services

2.42%

FMCG

3.06%

Gas Distribution

1.50%

Govt. Securities

25.35%

Healthcare

0.61%

Hotels & Restaurants

0.23%

Infrastructure Developers & Operators

3.24%

Insurance

2.63%

IT - Software

12.74%

Logistics

0.37%

Marine Port & Services

0.57%

Mining & Mineral products

4.05%

Miscellaneous

1.69%

Non Ferrous Metals

2.07%

Pharmaceuticals

8.91%

Plastic products

0.29%

Plywood Boards/Laminates

1.19%

Power Generation & Distribution

3.18%

Readymade Garments/ Apparells

0.54%

Realty

2.11%

Refineries

5.68%

Retail

0.11%

Steel

4.37%

Telecomm Equipment & Infra Services

0.69%

Telecomm-Service

4.95%

Textiles

1.73%

Tobacco Products

1.73%

Trading

0.17%

Market Capitalization

Expense Ratio, Exit Load and Tax

Expense Ratio

2.34

Exit Load

For redemption / switch out within 90 days from the date of allotment: 0.5% If u...

Stamp Duty

0.005% (from July 1st, 2020)

Tax Implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.