Mirae Asset Hybrid Equity Fund - Direct Plan

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Hybrid: Aggressive Hybrid

1 Lakh

Investment Grown to

₹ 1.48 Lakh

₹ 10000

Monthly SIP Grown to

₹ 4.26 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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Annual Returns

Quarterly Returns

Monthly Returns

Weekly Returns

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Amount (₹)

Start date

End date

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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	1.10	0.43	-0.31	1.41	7.10	8.96	15.90	14.03	--	--	--
VR Balanced TRI	0.63	0.49	-0.66	0.33	5.08	7.96	13.29	13.09	--	--	--
Hybrid: Aggressive Hybrid	2.08	0.58	0.10	2.22	5.63	9.64	12.35	10.03	--	--	--
Rank within category	36	34	37	34	7	23	9	1	--	--	--
Number of funds in category	43	43	43	42	42	42	38	31	24	22	0

As on 24-Jan-2020

Best & Worst Performance

	Best (Period)	Worst (Period)
Week	5.90 (25-Feb-2016 - 03-Mar-2016)	-5.86 (19-Aug-2015 - 26-Aug-2015)
Month	8.49 (29-Feb-2016 - 30-Mar-2016)	-8.70 (07-Sep-2018 - 09-Oct-2018)
Quarter	14.78 (26-Feb-2016 - 27-May-2016)	-8.91 (26-Nov-2015 - 25-Feb-2016)
Year	33.62 (26-Dec-2016 - 26-Dec-2017)	-2.21 (29-Jan-2018 - 29-Jan-2019)

Risk Measures (%)

	Mean	Std Dev	Sharpe	Sortino	Beta	Alpha
Fund	14.55	9.23	0.96	1.47	0.87	1.90
VR Balanced TRI	13.65	10.24	0.77	1.18	--	--
Hybrid: Aggressive Hybrid	10.72	9.98	0.51	0.79	0.86	-1.78
Rank within category	2	9	1	1	22	1
Number of funds in category	32	32	32	32	32	32

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

As on 31-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks	53
Top 10 Holdings (%)	41.07
Top 5 Holdings (%)	26.00
Top 3 Sectors (%)	45.10
Portfolio P/B Ratio	2.67
Portfolio P/E Ratio	21.41

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
6.45% GOI 2029	GOI Securities	SOV	0.00 - 5.75	5.75
Reliance Retail Ltd. 97-D 09/03/2020	Commercial Paper	A1+	0.00 - 2.79	2.79
Godrej Consumer Products 81-D 31/01/2020	Commercial Paper	A1+	0.00 - 1.65	1.56
Reliance Jio Infocomm 91-D 10/02/2020	Commercial Paper	A1+	0.00 - 1.65	1.56
Godrej Properties 91-D 20/02/2020	Commercial Paper	A1+	0.00 - 1.64	1.56
7.26% GOI 14/01/2029	GOI Securities	SOV	0.04 - 12.77	1.49
Reserve Bank of India 91-D 05/03/2020	Treasury Bills	SOV	0.00 - 0.93	0.93
National Bank Agr. Rur. Devp 252-D 31/01/2020	Commercial Paper	A1+	0.00 - 0.83	0.78
9.75% Muthoot Finance 27/02/2023	Debenture	AA	0.00 - 0.78	0.78
Muthoot Finance 19/04/2023	Bonds/Debentures	AA	0.00 - 0.85	0.76
ICICI Bank 18/12/2020	Certificate of Deposit	A1+	0.00 - 0.74	0.74
7.27% GOI 2026	GOI Securities	SOV	0.00 - 0.65	0.65
Mirae Asset Cash Management Direct-Gr	Mutual Fund	--	0.00 - 0.91	0.49
Reliance Jio Infocomm 96-D 09/03/2020	Commercial Paper	A1+	0.00 - 0.47	0.47
7.70% REC 2027	Non Convertible Debenture	AAA	0.31 - 0.63	0.31
8.90% Aadhar Housing Finance 26/03/2021	Debenture	AA	0.00 - 0.61	0.30
Edelweiss Rural & Corporate Services 15/04/2021	Deep Discount Bonds	AA-	0.00 - 0.27	0.23
9.19% Indostar Capital Finance 27/03/2021	Debenture	AA-	0.18 - 0.39	0.18
8.05% NTPC 2026	Bonds	AAA	0.16 - 0.33	0.16
7.55% REC 26/09/2022	Debenture	AAA	0.00 - 0.19	0.16
7.80% LIC Housing Fin. 17/03/2020	Debenture	AAA	0.16 - 0.33	0.16
7.55% REC 26/09/2023	Debenture	AAA	0.00 - 0.19	0.16
7.60% LIC Housing Fin. 22/11/2022	Debenture	AAA	0.00 - 0.16	0.16
7.45% LIC Housing Fin. 17/10/2022	Debenture	AAA	0.16 - 0.32	0.16
7.43% HDB Financial Services 28/09/2020	Debenture	AAA	0.09 - 0.20	0.09

Indicates an increase or decrease or no change in holding since last portfolio
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
HDFC Bank	Financial	25.94	8.40	5.87	6.54
ICICI Bank	Financial	36.42	5.36	3.25	5.14
Reliance Industries	Energy	22.24	4.90	1.88	4.33
State Bank of India	Financial	28.59	4.51	2.18	4.25
Larsen & Toubro	Construction	19.54	3.76	2.33	3.33
Axis Bank	Financial	43.43	4.26	0.52	3.23
Infosys	Technology	20.40	4.46	1.86	2.87
Tata Consultancy Services	Technology	25.29	3.57	1.07	2.83
ITC	FMCG	21.07	3.50	1.63	2.58
HDFC	Financial	34.91	3.62	0.24	2.47
Indusind Bank	Financial	20.26	3.35	0.37	2.04
Mirae Asset Nifty 50 ETF Reg-G	Financial	--			1.65
HPCL	Energy	7.34	2.09	0.49	1.58
Power Finance Corp.	Financial	4.57	1.55	0.00	1.51
NTPC	Energy	9.68	1.54	0.00	1.47
Sun Pharmaceutical Inds.	Healthcare	24.81	1.75	0.63	1.34
Maruti Suzuki India	Automobile	35.42	2.77	1.28	1.28
Tata Steel	Metals	6.62	2.87	1.26	1.26
Voltas	Cons Durable	48.66	1.19	0.18	1.19
Hindustan Unilever	FMCG	68.15	1.17	0.08	1.17
Max Financial Services	Financial	81.26	1.29	0.00	1.17
Tata Global Beverages	FMCG	63.00	1.57	0.00	1.12
Dabur India	FMCG	58.84	1.51	0.54	1.11
Balkrishna Industries	Automobile	26.82	1.07	0.00	1.07
HDFC Life Insurance	Financial	90.73	1.77	0.00	1.02

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

As on 31-Dec-2019

Fund Manager

— 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:

— 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:

Mirae Asset Emerging Bluechip Fund - Regular Plan - since May 2010
Mirae Asset Tax Saver Fund - Regular Plan - since Nov 2015

Invest Online

0.43%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 17.1260

Dividend: ₹ 14.6500

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.

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

Exit Load

1% for redemption within 365 days

Fund House:	Mirae Asset Mutual Fund
Launch Date:	29-Jul-2015
Return Since Launch:	12.72%
Benchmark:	CRISIL Hybrid 35+65 Aggressive
Riskometer:	Moderately High
Type:	Open-ended
Assets:	₹ 3,190 Cr (As on 31-Dec-2019)
Expense:	0.29% (As on 31-Dec-2019)
Risk Grade:	Low
Return Grade:	High
Turnover:	181.00%

Plan

Record Date

Dividend (₹ / Unit)

Dividend

19-Feb-2019

0.8854

More...

	06-Nov-2017	0.2000
	17-Jul-2017	0.2092
	17-Apr-2017	0.2500
	17-Jan-2017	0.2000

Fund News - 15-Oct-2019

Fund Manager change in Schemes of Mirae Asset Mutual Fund
Fund News - 14-Feb-2019

Dividend Declared in Mirae Asset Hybrid Equity Fund
Fund News - 27-Jun-2018

Load change in Five Schemes of Mirae Asset Mutual Fund
Fund News - 07-Feb-2018

Name Change of Mirae Asset Prudence Fund
Fund News - 01-Nov-2017

Mirae Asset Prudence Fund declares Dividend at Rs. 0.2 per unit

Mirae Asset Hybrid Equity Fund - Direct Plan

₹ 1.16 Lakh

₹ 1.48 Lakh

₹ 1.29 Lakh

₹ 4.26 Lakh

Trailing Returns (%)

Best & Worst Performance

Risk Measures (%)

Asset Allocation (%)

Concentration & Valuation

Value Research Equity Fund Style

Value Research Debt Fund Style

Credit Rating vis-à-vis Category

Top Debt Holdings

Sector Allocation vis-à-vis Category

Top Equity Holdings

Fund Manager

0.43%

Investment Strategy

Investment Details

Basic Details

Most Recent Dividends

News & Analysis

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