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Mirae Asset Hybrid Equity Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.33 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.04 Lakh

Analyst's Choice?

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 -1.38 -0.24 -0.48 -2.37 -0.51 8.68 11.23 9.85 -- -- --
VR Balanced TRI -2.03 -1.73 -1.47 -2.64 -0.17 8.43 10.57 10.50 -- -- --
Hybrid: Aggressive Hybrid 0.71 -0.19 -0.66 -1.27 1.17 10.25 10.42 7.01 -- -- --
Rank within category 38 25 11 33 31 30 15 6 -- -- --
Number of funds in category 43 43 43 43 42 42 38 31 24 23 21

As on 25-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 5.86 (25-Feb-2016 - 03-Mar-2016) -5.88 (19-Aug-2015 - 26-Aug-2015)
Month 8.34 (29-Feb-2016 - 30-Mar-2016) -8.80 (07-Sep-2018 - 09-Oct-2018)
Quarter 14.31 (26-Feb-2016 - 27-May-2016) -9.28 (26-Nov-2015 - 25-Feb-2016)
Year 31.10 (26-Dec-2016 - 26-Dec-2017) -3.66 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 11.06 9.03 0.60 0.93 0.86 0.02
VR Balanced TRI 11.92 10.21 0.61 0.95 -- --
Hybrid: Aggressive Hybrid 8.38 9.75 0.28 0.44 0.83 -2.46
Rank within category 5 9 4 3 24 5
Number of funds in category 33 33 33 33 33 33

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

As on 31-Jan-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 53
Top 10 Holdings (%) 40.84
Top 5 Holdings (%) 25.03
Top 3 Sectors (%) 45.58
Portfolio P/B Ratio 2.49
Portfolio P/E Ratio 20.12

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 - 5.75 4.39
new HDFC Securities 169-D 15/07/2020 Commercial Paper A1+ 0.00 - 2.87 2.87
equal Reliance Retail Ltd. 97-D 09/03/2020 Commercial Paper A1+ 0.00 - 2.79 2.65
equal Reliance Jio Infocomm 91-D 10/02/2020 Commercial Paper A1+ 0.00 - 1.65 1.48
equal Godrej Properties 91-D 20/02/2020 Commercial Paper A1+ 0.00 - 1.64 1.47
up 7.27% GOI 2026 GOI Securities SOV 0.00 - 1.22 1.22
down 7.26% GOI 14/01/2029 GOI Securities SOV 0.04 - 12.77 0.91
equal Reserve Bank of India 91-D 05/03/2020 Treasury Bills SOV 0.00 - 0.93 0.88
equal 9.75% Muthoot Finance 27/02/2023 Debenture AA 0.00 - 0.78 0.73
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 0.00 - 0.85 0.71
equal ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 0.74 0.70
equal Mirae Asset Cash Management Direct-Gr Mutual Fund -- 0.00 - 0.91 0.47
equal Reliance Jio Infocomm 96-D 09/03/2020 Commercial Paper A1+ 0.00 - 0.47 0.44
new 7.74% Tamilnadu State 22/02/2024 State Development Loan SOV 0.00 - 0.30 0.30
equal 7.70% REC 2027 Non Convertible Debenture AAA 0.29 - 0.62 0.29
equal 8.90% Aadhar Housing Finance 26/03/2021 Debenture AA 0.29 - 0.61 0.29
equal Edelweiss Rural & Corporate Services 15/04/2021 Deep Discount Bonds AA- 0.00 - 0.27 0.22
equal 9.19% Indostar Capital Finance 27/03/2021 Debenture AA- 0.17 - 0.39 0.17
equal 8.05% NTPC 2026 Bonds AAA 0.15 - 0.33 0.15
equal 7.55% REC 26/09/2022 Debenture AAA 0.00 - 0.19 0.15
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 - 0.16 0.15
equal 7.45% LIC Housing Fin. 17/10/2022 Debenture AAA 0.15 - 0.32 0.15
equal 7.80% LIC Housing Fin. 17/03/2020 Debenture AAA 0.15 - 0.33 0.15
equal 7.43% HDB Financial Services 28/09/2020 Debenture AAA 0.09 - 0.20 0.09

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
up HDFC Bank Financial 25.03 8.40 5.87 6.61
up Reliance Industries Energy 20.70 5.29 1.88 5.29
equal ICICI Bank Financial 36.24 5.36 3.25 4.73
up Axis Bank Financial 42.95 4.26 0.52 4.01
up State Bank of India Financial 24.82 4.51 2.18 3.99
equal Larsen & Toubro Construction 17.85 3.75 2.33 3.32
equal Infosys Technology 20.80 4.46 1.86 2.88
up Tata Consultancy Services Technology 24.96 3.57 1.07 2.76
up ITC FMCG 16.55 3.50 1.63 2.52
equal HDFC Financial 18.27 3.62 0.24 2.33
up Indusind Bank Financial 17.77 3.35 0.37 1.70
up Power Finance Corp. Financial 3.60 1.67 0.00 1.67
equal Mirae Asset Nifty 50 ETF Reg-G Financial -- 1.53
up HPCL Energy 11.92 2.09 0.49 1.44
equal NTPC Energy 5.62 1.54 0.00 1.31
up Voltas Cons Durable 46.71 1.24 0.18 1.24
down Tata Consumer Products FMCG 57.36 1.57 0.00 1.19
equal Maruti Suzuki India Automobile 31.33 2.60 1.14 1.14
equal Dabur India FMCG 57.60 1.51 0.54 1.13
down Sun Pharmaceutical Inds. Healthcare 23.30 1.75 0.63 1.13
equal Tata Steel Metals 9.37 2.87 1.10 1.10
up Bharat Electronics Engineering 14.62 1.09 0.00 1.09
down Hindustan Unilever FMCG 71.03 1.17 0.08 1.09
up Biocon Healthcare 43.50 1.08 0.00 1.08
equal Max Financial Services Financial 51.08 1.29 0.00 1.05

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 31-Jan-2020

Fund Manager

— 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:


-0.24%

Change from previous, NAV as on 25-Feb-2020

Growth: ₹ 15.4670

Dividend: ₹ 12.6470


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: 9.99%
Benchmark: CRISIL Hybrid 35+65 Aggressive
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,380 Cr (As on 31-Jan-2020)
Expense: 1.91% (As on 31-Jan-2020)
Risk Grade: Below Average
Return Grade: High
Turnover: 171.00%

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: 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

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