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5 star

Mirae Asset Hybrid Equity Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.56 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.96 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 14.46 0.02 0.52 6.98 6.16 16.47 47.51 15.89 16.54 -- --
VR Balanced TRI 11.79 0.38 0.85 5.83 4.15 15.13 50.41 13.83 14.09 -- --
Hybrid: Aggressive Hybrid 14.77 0.09 0.70 6.73 6.76 17.47 49.93 12.82 13.72 -- --
Rank within category 21 32 34 20 24 25 26 6 4 -- --
Number of funds in category 49 50 50 50 50 48 47 36 30 26 0

As on 14-Jun-2021

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 - Direct Plan  | Invest Online
5 star
Jul-15 47.51 15.89 16.54 0.38 5,150
SBI Equity Hybrid Fund - Direct Plan  | Invest Online
4 star
Jan-13 43.65 14.18 14.39 0.96 39,977
ICICI Prudential Equity & Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 56.13 14.86 16.00 1.35 17,274
DSP Equity & Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 47.71 15.43 15.44 0.83 6,769
Canara Robeco Equity Hybrid Fund - Direct Plan  | Invest Online
5 star
Jan-13 44.03 16.06 16.14 0.77 5,327

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 8.06 24-Mar-2020 - 31-Mar-2020 -13.06 16-Mar-2020 - 23-Mar-2020
Month 17.42 23-Mar-2020 - 22-Apr-2020 -28.24 20-Feb-2020 - 23-Mar-2020
Quarter 27.24 23-Mar-2020 - 22-Jun-2020 -27.91 23-Dec-2019 - 23-Mar-2020
Year 70.05 23-Mar-2020 - 23-Mar-2021 -21.61 22-Mar-2019 - 23-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.70 16.34 0.70 0.82 0.89 2.42
VR Balanced TRI 14.39 18.22 0.55 0.64 -- --
Hybrid: Aggressive Hybrid 13.10 17.75 0.50 0.56 0.93 -0.57
Rank within category 5 8 4 5 9 4
Number of funds in category 38 38 38 38 38 38

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

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 56
Top 10 Holdings (%) 37.01
Top 5 Holdings (%) 24.22
Top 3 Sectors (%) 45.81
Portfolio P/B Ratio 3.37
Portfolio P/E Ratio 23.69
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 - 3.09 2.61
new 5.63% GOI 2026 GOI Securities SOV 0.00 - 2.14 2.14
new 5.85% GOI 2030 GOI Securities SOV 0.00 - 1.92 1.92
equal IIFL Wealth Prime 90-D 16/06/2021 Commercial Paper A1+ 0.00 - 1.03 0.97
equal 5.15% GOI 2025 GOI Securities SOV 0.00 - 1.59 0.96
down 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 1.30 0.93
equal 6.15% L&T Finance 17/05/2023 Debenture AAA 0.00 - 0.95 0.88
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA+ 0.00 - 0.59 0.55
new 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 0.53 0.53
equal 9.75% Muthoot Finance 27/02/2023 Debenture AA+ 0.00 - 0.56 0.51
equal Pilani Investment & Inds. Corp. 91-D 18/06/2021 Commercial Paper A1+ 0.00 - 0.52 0.48
new Hindustan Petroleum Corporation 81-D 26/07/2021 Commercial Paper A1+ 0.00 - 0.48 0.48
equal Tata Motors Finance Solutions 364-D 07/03/2022 Commercial Paper A1+ 0.00 - 0.50 0.47
equal 7.70% REC 2027 Non Convertible Debenture AAA 0.21 - 0.30 0.21
equal 7.74% Tamilnadu State 22/02/2024 State Development Loan SOV 0.21 - 0.31 0.21
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 0.21 0.20
equal 5.53% LIC Housing Fin. 20/12/2024 Debenture AAA 0.00 - 0.23 0.19
equal 8.05% NTPC 2026 Bonds AAA 0.11 - 0.16 0.11
equal 7.55% REC 26/09/2023 Debenture AAA 0.10 - 0.15 0.10
equal 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.10 - 0.15 0.10
equal 7.55% REC 26/09/2022 Debenture AAA 0.10 - 0.15 0.10
equal 7.45% LIC Housing Fin. 17/10/2022 Debenture AAA 0.10 - 0.15 0.10
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 0.05 - 0.07 0.05
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 0.06 0.05
new 5.50% Britannia Inds. 2024 Non Convertible Debenture Unrated 0.00 - 0.00 0.00

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

Sector Allocation vis-à-vis Category

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Top Equity Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 25.88 8.21 5.93 6.23
down ICICI Bank Financial 24.18 5.95 3.25 5.59
equal Infosys Technology 32.41 5.31 1.86 5.08
equal Axis Bank Financial 31.67 4.33 1.15 3.78
equal Tata Consultancy Services Technology 37.49 4.29 2.21 3.55
equal Reliance Industries Energy 30.87 8.34 3.02 3.21
down State Bank of India Financial 17.13 4.51 2.36 2.62
equal HDFC Financial 24.55 3.42 0.24 2.20
equal Maruti Suzuki India Automobile 49.49 2.29 1.14 2.13
equal Larsen & Toubro Construction 18.39 3.75 1.87 1.94
down Bharti Airtel Communication -- 2.18 0.06 1.89
up Tata Steel Metals 19.00 2.87 0.45 1.87
equal Mirae Asset Nifty 50 ETF Reg-G Financial -- 1.67
up SBI Life Insurance Company Financial 67.86 1.57 0.00 1.47
down Bharat Petroleum Corporation Energy 6.52 1.60 0.00 1.40
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 1.38
equal Voltas Cons Durable 66.59 1.49 0.46 1.28
down Deepak Nitrite Chemicals 31.90 1.50 0.00 1.21
up Sun Pharmaceutical Industries Healthcare 56.02 1.65 0.68 1.18
equal Kotak Mahindra Bank Financial 35.28 2.89 0.00 1.18
equal Gujarat State Petronet Energy 10.72 1.22 0.00 1.14
equal Natco Pharma Healthcare 42.34 1.11 0.00 1.11
equal Crompton Greaves Consumer Electricals Cons Durable 43.69 1.15 0.00 1.10
down Torrent Pharmaceuticals Healthcare 40.07 1.26 0.09 1.04
down Hindustan Unilever FMCG 69.85 2.19 0.10 0.97

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-May-2021

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:

— Vrijesh Kasera since 01-Apr-2020

Education: Mr. Kasera is a MBA (Finance), CFA (ICFAI).

Experience: Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking 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:


0.02%

Change from previous, NAV as on 14-Jun-2021

Growth: ₹ 22.3640

IDCW: ₹ 17.6570


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 (₹) --
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 29-Jul-2015
Return Since Launch: 14.66%
Benchmark: CRISIL Hybrid 35+65 Aggressive TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 5,150 Cr (As on 31-May-2021)
Expense: 0.38% (As on 30-Apr-2021)
Risk Grade: Low
Return Grade: High
Turnover: 98.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW23-Mar-20211.3500

 19-Feb-20190.8854
 06-Nov-20170.2000
 17-Jul-20170.2092
 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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