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5 star

Mirae Asset Hybrid Equity Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.16 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.97 Lakh

Suitability:

When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns from fixed income options. But be prepared for ups and downs in your investment value along the way.

Aggressive hybrid funds invest 65-80 per cent of your money in equity shares and the rest in bonds. Their returns are slightly lower than those of 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 sharp ups and downs.

Like for 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 are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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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 -0.11 -0.87 -1.09 2.54 3.58 17.17 5.00 5.16 9.45 -- --
VR Balanced TRI -1.24 -1.10 -1.32 3.97 3.54 21.32 3.08 5.88 8.55 -- --
Hybrid: Aggressive Hybrid -0.16 -0.76 -0.53 2.76 4.88 18.60 2.90 2.38 6.79 -- --
Rank within category 23 30 37 27 32 27 10 4 3 -- --
Number of funds in category 44 45 45 44 44 44 43 33 26 23 21

As on 28-Oct-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
5 star
Jul-15 5.00 5.16 9.45 1.88 3,735
SBI Equity Hybrid Fund  | Invest Online
5 star
Dec-95 1.15 4.91 8.00 1.64 31,226
DSP Equity & Bond Fund  | Invest Online
4 star
May-99 3.55 4.80 8.52 1.92 5,502
Canara Robeco Equity Hybrid Fund - Regular Plan  | Invest Online
5 star
Feb-93 9.04 7.31 9.22 1.99 3,438
HDFC Children's Gift Fund  | Invest Online
4 star
Mar-01 5.99 4.29 8.78 2.06 3,387

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 6.71 15.65 0.10 0.12 0.89 -0.55
VR Balanced TRI 7.52 17.40 0.14 0.16 -- --
Hybrid: Aggressive Hybrid 4.10 16.65 -0.05 -0.05 0.90 -3.18
Rank within category 4 9 4 4 17 5
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-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 56
Top 10 Holdings (%) 41.33
Top 5 Holdings (%) 27.74
Top 3 Sectors (%) 48.84
Portfolio P/B Ratio 2.33
Portfolio P/E Ratio 21.27
Avg Credit Rating AAA

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
equal 6.18% GOI 2024 GOI Securities SOV 0.00 - 2.77 2.77
up 5.77% GOI 2030 GOI Securities SOV 0.00 - 2.50 2.50
down 5.79% GOI 2030 GOI Securities SOV 0.00 - 5.88 2.24
equal 7.27% GOI 2026 GOI Securities SOV 0.00 - 3.94 1.72
equal Reserve Bank of India 91-D 15/10/2020 Treasury Bills SOV 0.00 - 1.34 1.34
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 0.71 - 0.91 0.74
equal 9.75% Muthoot Finance 27/02/2023 Debenture AA 0.00 - 0.87 0.70
down 5.22% GOI 15/06/2025 GOI Securities SOV 0.00 - 0.55 0.40
equal 7.74% Tamilnadu State 22/02/2024 State Development Loan SOV 0.00 - 0.35 0.28
equal 7.70% REC 2027 Non Convertible Debenture AAA 0.28 - 0.35 0.28
equal 8.90% Aadhar Housing Finance 26/03/2021 Debenture AA 0.27 - 0.34 0.27
equal Bank of Baroda 16/10/2020 Certificate of Deposit A1+ 0.00 - 0.27 0.27
equal 6.19% GOI 16/09/2034 GOI Securities SOV 0.00 - 2.01 0.26
equal Edelweiss Rural & Corporate Services 15/04/2021 Deep Discount Bonds AA- 0.22 - 0.27 0.22
equal 9.19% Indostar Capital Finance 27/03/2021 Debenture AA- 0.16 - 0.21 0.16
equal 8.05% NTPC 2026 Bonds AAA 0.14 - 0.18 0.14
equal 7.55% REC 26/09/2023 Debenture AAA 0.14 - 0.18 0.14
equal 7.55% REC 26/09/2022 Debenture AAA 0.14 - 0.18 0.14
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 0.17 0.14
equal 7.45% LIC Housing Fin. 17/10/2022 Debenture AAA 0.14 - 0.18 0.14
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.07 - 0.09 0.07
new 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 0.06 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
up Reliance Industries Energy 32.30 8.34 2.38 8.34
up HDFC Bank Financial 22.22 8.40 5.93 6.33
equal Infosys Technology 25.52 4.66 1.86 4.66
up ICICI Bank Financial 27.02 5.36 3.25 4.31
equal Tata Consultancy Services Technology 32.19 4.11 1.19 4.11
up Axis Bank Financial 42.99 4.26 0.52 3.30
equal State Bank of India Financial 7.82 4.51 2.18 2.54
equal Larsen & Toubro Construction 11.64 3.75 2.33 2.49
equal ITC FMCG 14.06 3.50 1.63 2.44
equal Mirae Asset Nifty 50 ETF Reg-G Financial -- 2.20
up Hindustan Unilever FMCG 71.50 2.19 0.10 2.19
up HDFC Financial 16.02 3.62 0.24 2.15
equal Maruti Suzuki India Automobile 53.24 2.46 1.14 1.88
up Bharti Airtel Communication -- 1.86 0.06 1.86
equal NTPC Energy 14.90 2.03 0.00 1.54
equal Max Financial Services Financial 64.62 1.31 0.02 1.31
equal Power Finance Corp. Financial 2.95 1.67 0.00 1.21
up BPCL Energy 21.51 1.31 0.00 1.21
equal HDFC Life Insurance Financial 87.98 1.77 0.00 1.17
up SBI Life Insurance Company Financial 47.20 1.57 0.00 1.14
down Voltas Cons Durable 53.28 1.24 0.18 1.10
down Dr. Reddy's Lab Healthcare 51.56 1.09 0.00 1.09
up HPCL Energy 6.71 1.78 0.93 1.05
up Gujarat State Petronet Energy 6.81 1.02 0.00 1.01
equal Divi's Laboratories Healthcare 52.27 1.28 0.00 1.00

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-Sep-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:


-0.87%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 15.6660

Dividend: ₹ 12.8090


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: 8.92%
Benchmark: CRISIL Hybrid 35+65 Aggressive TRI
Riskometer: Moderately High
Type: Open-ended
Assets: ₹ 3,735 Cr (As on 30-Sep-2020)
Expense: 1.88% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: High
Turnover: 121.00%

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

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