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4 star

Mirae Asset Hybrid Equity Fund - Regular Plan


Hybrid: Aggressive Hybrid

1 Lakh

Investment Grown to
₹ 1.14 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.80 Lakh

Suitability:

When you invest for five years or above, you can expect gains that comfortably beat the inflation rate and are also higher than fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80% of your money in equity shares and the rest in bonds and commodities. Their returns are slightly lower than pure equity funds which invest all your money in shares, but they also fall relatively less when the stock markets decline. This makes them suitable for conservative equity investors or first-time equity investors who are not used to its sharp ups and downs.

Like all equity-linked investments, you must invest only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other aggressive hybrid fund, if you need to redeem your investment in less than five years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -6.80 -1.16 -1.06 5.04 14.16 -7.95 -2.03 4.41 -- -- --
VR Balanced TRI -9.51 -1.50 -1.34 5.45 15.23 -10.71 -4.72 4.23 -- -- --
Hybrid: Aggressive Hybrid -7.88 -1.01 -1.14 4.99 12.51 -9.24 -3.93 0.84 -- -- --
Rank within category 18 32 19 15 7 17 15 4 -- -- --
Number of funds in category 44 44 44 44 44 44 41 33 25 23 21

As on 14-Jul-2020

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Hybrid Equity Fund - Regular Plan  | Invest Online
4 star
Jul-15 -2.03 4.41 -- 1.88 3,468
SBI Equity Hybrid Fund  | Invest Online
5 star
Dec-95 -1.47 4.70 6.91 1.74 30,192
ICICI Prudential Equity & Debt Fund  | Invest Now
4 star
Nov-99 -7.73 0.98 5.97 1.76 17,615
DSP Equity & Bond Fund  | Invest Online
4 star
May-99 2.14 3.37 6.85 1.89 5,661
Canara Robeco Equity Hybrid Fund - Regular Plan  | Invest Online
5 star
Feb-93 3.26 5.48 7.41 2.02 3,041

Best & Worst Performance

Best (Period) Worst (Period)
Week 8.03 (24-Mar-2020 - 31-Mar-2020) -13.08 (16-Mar-2020 - 23-Mar-2020)
Month 17.28 (23-Mar-2020 - 22-Apr-2020) -28.32 (20-Feb-2020 - 23-Mar-2020)
Quarter 26.76 (23-Mar-2020 - 22-Jun-2020) -28.16 (23-Dec-2019 - 23-Mar-2020)
Year 31.10 (26-Dec-2016 - 26-Dec-2017) -22.89 (22-Mar-2019 - 23-Mar-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 5.67 15.53 0.02 0.03 0.89 -0.18
VR Balanced TRI 5.91 17.27 0.04 0.04 -- --
Hybrid: Aggressive Hybrid 2.29 16.30 -0.18 -0.19 0.90 -3.56
Rank within category 4 10 4 4 17 4
Number of funds in category 34 34 34 34 34 34

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Jun-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 57
Top 10 Holdings (%) 41.53
Top 5 Holdings (%) 26.86
Top 3 Sectors (%) 45.28
Portfolio P/B Ratio 1.99
Portfolio P/E Ratio 16.44

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

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Top Debt Holdings

Company Instrument Credit Rating 1Y Range % Assets
down 6.45% GOI 2029 GOI Securities SOV 0.00 - 11.64 6.18
up 5.79% GOI 2030 GOI Securities SOV 0.00 - 3.29 3.29
equal HDFC Securities 169-D 15/07/2020 Commercial Paper A1+ 0.00 - 3.35 2.88
equal Reliance Jio Infocomm 91-D 05/08/2020 Commercial Paper A1+ 0.00 - 2.27 2.16
new 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 2.01 2.01
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.94 1.72
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 0.00 - 0.91 0.78
equal 9.75% Muthoot Finance 27/02/2023 Debenture AA 0.00 - 0.87 0.74
equal ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 0.82 0.71
equal 7.74% Tamilnadu State 22/02/2024 State Development Loan SOV 0.00 - 0.35 0.31
equal 7.70% REC 2027 Non Convertible Debenture AAA 0.29 - 0.42 0.30
equal 8.90% Aadhar Housing Finance 26/03/2021 Debenture AA 0.29 - 0.41 0.29
equal Edelweiss Rural & Corporate Services 15/04/2021 Deep Discount Bonds AA- 0.00 - 0.27 0.23
equal 9.19% Indostar Capital Finance 27/03/2021 Debenture AA- 0.17 - 0.25 0.17
down 7.57% GOI 17/06/2033 GOI Securities SOV 0.00 - 0.51 0.16
equal 8.05% NTPC 2026 Bonds AAA 0.15 - 0.23 0.16
equal 7.55% REC 26/09/2023 Debenture AAA 0.00 - 0.19 0.15
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 0.17 0.15
equal 7.55% REC 26/09/2022 Debenture AAA 0.00 - 0.19 0.15
equal 7.45% LIC Housing Fin. 17/10/2022 Debenture AAA 0.15 - 0.22 0.15
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 0.09 - 0.13 0.09
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.07 - 0.11 0.07
equal 7.90% Piramal Enterprises 14/09/2020 Bonds AA 0.07 - 0.13 0.07
equal 8.92% L&T Finance 2021 Debenture AAA 0.07 - 0.11 0.07
equal 7.47% Power Finance Corp. 16/09/2021 Bonds AAA 0.06 - 0.09 0.06

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
down Reliance Industries Energy 32.93 7.39 2.11 6.68
down HDFC Bank Financial 21.34 8.40 5.93 6.51
equal ICICI Bank Financial 23.40 5.36 3.25 4.14
up Infosys Technology 20.10 4.46 1.86 3.36
down Axis Bank Financial 63.66 4.26 0.52 2.87
up Tata Consultancy Services Technology 26.10 3.57 1.19 2.82
equal Larsen & Toubro Construction 13.42 3.75 2.33 2.81
equal ITC FMCG 15.74 3.50 1.63 2.70
equal State Bank of India Financial 8.40 4.51 2.18 2.63
equal NTPC Energy 12.90 2.03 0.00 1.87
down HDFC Financial 14.50 3.62 0.24 1.81
equal Mirae Asset Nifty 50 ETF Reg-G Financial -- 1.80
equal Maruti Suzuki India Automobile 30.72 2.46 1.14 1.61
up SBI Life Insurance Company Financial 60.42 1.57 0.00 1.57
equal Bharat Electronics Engineering 12.97 1.52 0.00 1.52
equal Hindustan Unilever FMCG 77.74 1.68 0.10 1.44
equal Sun Pharmaceutical Inds. Healthcare 31.35 1.65 0.63 1.43
equal HDFC Life Insurance Financial -- 1.77 0.00 1.36
equal Power Finance Corp. Financial 2.99 1.67 0.00 1.27
equal Max Financial Services Financial 102.71 1.21 0.02 1.21
down HPCL Energy 12.15 2.09 0.93 1.19
equal Tata Consumer Products FMCG 83.49 1.57 0.76 1.17
up Bharti Airtel Communication -- 1.49 0.06 1.17
equal Biocon Healthcare 70.16 1.24 0.00 1.09
equal Aurobindo Pharma Healthcare 16.76 1.07 0.16 1.04

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Jun-2020

Fund Manager

— Harshad Borawake since 01-Apr-2020

Education: Mr. Borawake is MBA(Finance) & B.E.(Polymers)

Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.

Funds Managed:

— Neelesh Surana since 08-Jul-2015

Education: Mr. Surana is B.E (Mechanical) and MBA in Finance.

Experience: Prior to joining Mirae AMC he has worked with ASK Investment Managers Pvt Ltd.

Funds Managed:

— Mahendra Kumar Jajoo since 08-Sep-2016

Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Funds Managed:


-1.16%

Change from previous, NAV as on 14-Jul-2020

Growth: ₹ 14.6170

Dividend: ₹ 11.9520


Investment Strategy

The Scheme seeks to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt and money market instruments.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 29-Jul-2015
Return Since Launch: 7.95%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,468 Cr (As on 30-Jun-2020)
Expense: 1.88% (As on 30-Jun-2020)
Risk Grade: Below Average
Return Grade: Above Average
Turnover: 137.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend16-Dec-20190.7083

 19-Feb-20190.7083
 06-Nov-20170.2000
 17-Jul-20170.2500
 17-Apr-20170.2500
 17-Jan-20170.2000

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Value Investing

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dateFriday, 17-Jul-2020
time12:30 PM - 01:00 PM