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5 star

Mirae Asset Hybrid Equity Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.65 Lakh

₹ 10000

Monthly SIP Grown to
₹ 5.04 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 25.24 0.79 -1.08 -2.21 1.24 11.23 30.88 18.13 17.29 -- --
VR Balanced TRI 22.50 1.20 -0.67 -2.29 1.21 11.12 29.45 16.54 15.96 -- --
Hybrid: Aggressive Hybrid 26.82 0.80 -0.88 -1.54 2.18 12.80 33.27 16.86 14.63 -- --
Rank within category 24 24 35 37 33 28 25 11 3 -- --
Number of funds in category 48 49 49 49 49 49 47 40 31 26 0

As on 02-Dec-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 30.88 18.13 17.29 0.38% 6,246
SBI Equity Hybrid Fund - Direct Plan  | Invest Online
4 star
Jan-13 29.39 17.85 15.50 0.88% 48,043
ICICI Prudential Equity & Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 51.21 20.27 16.72 1.27% 18,740
DSP Equity & Bond Fund - Direct Plan  | Invest Online
4 star
Jan-13 30.47 19.60 15.81 0.81% 7,559
Canara Robeco Equity Hybrid Fund - Direct Plan  | Invest Online
5 star
Jan-13 28.00 19.02 16.73 0.68% 6,901

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 17.61 15.79 0.88 0.97 0.87 2.90
VR Balanced TRI 16.35 17.90 0.70 0.83 -- --
Hybrid: Aggressive Hybrid 16.74 16.76 0.78 0.83 0.89 1.79
Rank within category 13 12 11 9 20 13
Number of funds in category 41 41 41 41 41 41

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

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 62
Top 10 Holdings (%) 36.33
Top 5 Holdings (%) 23.48
Top 3 Sectors (%) 41.20
Portfolio P/B Ratio 3.62
Portfolio P/E Ratio 24.08
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 5.63% GOI 2026 GOI Securities SOV 0.00 - 3.68 3.58
equal 6.18% GOI 2024 GOI Securities SOV 2.39 - 3.09 2.39
equal 6.64% GOI 16/06/2035 GOI Securities SOV 0.00 - 2.37 1.18
new 8.25% IIFL Finance 14/10/2023 Debenture AA 0.00 - 0.95 0.95
equal 7.10% Muthoot Finance 20/06/2024 Non Convertible Debenture AA+ 0.00 - 0.90 0.81
equal 5.74% REC 20/06/2024 Debenture AAA 0.00 - 0.94 0.81
equal 5.27% National Bank Agr. Rur. Devp 29/04/2024 Debenture AAA 0.00 - 0.89 0.80
equal ICICI Securities 360-D 10/12/2021 Commercial Paper A1+ 0.00 - 0.92 0.80
equal 6.22% GOI 16/03/2035 GOI Securities SOV 0.00 - 1.30 0.76
equal 6.15% L&T Finance 17/05/2023 Debenture AAA 0.00 - 0.95 0.73
equal 5.53% National Bank Agr. Rur. Devp 22/02/2024 Non Convertible Debenture AAA 0.00 - 0.72 0.65
equal 6.10% GOI 2031 GOI Securities SOV 0.00 - 1.08 0.63
new 6.40% Jamnagar Utilities and Power 29/09/2026 Non Convertible Debenture AAA 0.00 - 0.56 0.56
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA+ 0.00 - 0.59 0.45
equal 9.75% Muthoot Finance 27/02/2023 Debenture AA+ 0.00 - 0.56 0.42
new Shriram Transport Finance Company 90-D 28/12/2021 Commercial Paper A1+ 0.00 - 0.40 0.40
equal Tata Motors Finance Solutions 364-D 07/03/2022 Commercial Paper A1+ 0.00 - 0.50 0.39
equal ICICI Securities 358-D 11/03/2022 Commercial Paper A1+ 0.00 - 0.25 0.24
equal LIC Housing Fin. 364-D 12/08/2022 Commercial Paper A1+ 0.00 - 0.24 0.23
equal 7.70% REC 2027 Non Convertible Debenture AAA 0.17 - 0.26 0.17
equal 7.74% Tamilnadu State 22/02/2024 State Development Loan SOV 0.17 - 0.26 0.17
equal 5.24% SIDBI 26/03/2024 Debenture AAA 0.00 - 0.21 0.16
equal 5.53% LIC Housing Fin. 20/12/2024 Debenture AAA 0.00 - 0.23 0.16
equal 8.05% NTPC 2026 Bonds AAA 0.09 - 0.13 0.09
equal 7.55% REC 26/09/2023 Debenture AAA 0.08 - 0.13 0.08

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 24.50 7.83 5.57 5.92
up ICICI Bank Financial 23.44 5.95 3.88 5.79
up Infosys Technology 34.93 5.55 1.86 5.01
up Axis Bank Financial 20.63 4.33 2.80 3.17
equal Tata Consultancy Services Technology 36.81 4.29 2.62 3.02
up State Bank of India Financial 14.74 4.51 2.28 2.86
equal Reliance Industries Ltd - Partly Paid Equity Energy -- 2.55
equal Larsen & Toubro Construction 28.92 3.75 1.87 2.02
up Ambuja Cements Construction 23.22 1.88 0.00 1.88
equal Maruti Suzuki India Automobile 51.80 2.29 1.14 1.86
equal Tata Steel Metals 4.38 2.87 0.45 1.84
equal HDFC Financial 24.08 2.47 0.24 1.84
equal Sun Pharmaceutical Industries Healthcare 29.00 1.65 0.81 1.45
down SBI Life Insurance Company Insurance 94.36 1.64 0.00 1.42
up Mirae Asset Nifty 50 ETF-G Financial -- 1.36
equal Bharti Airtel Communication 139.49 2.18 0.06 1.31
up Mphasis Technology 43.70 1.19 0.00 1.19
equal Gujarat State Petronet Energy 9.72 1.25 0.00 1.07
equal Quess Corp Financial 203.48 1.17 0.00 1.05
up UTI Asset Management Co. Financial 21.02 1.20 0.00 1.03
up Chemplast Sanmar Chemicals 22.50 1.01 0.00 1.01
down Voltas Consumer Durable 69.60 1.49 0.48 0.97
up NUVOCO Vistas Corp. Construction -- 0.95 0.00 0.95
up Craftsman Automation Engineering 49.92 0.93 0.00 0.93
equal Tatva Chintan Pharma Chem Chemicals 110.41 0.92 0.00 0.92

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-Oct-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:


0.79%

Change from previous, NAV as on 02-Dec-2021

Growth: ₹ 24.4700

IDCW: ₹ 19.3210


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: 15.13%
Benchmark: CRISIL Hybrid 35+65 Aggressive Index
Riskometer: Very High
Type: Open-ended
Assets: ₹ 6,246 Cr (As on 31-Oct-2021)
Expense: 0.38% (As on 31-Oct-2021)
Risk Grade: Low
Return Grade: Above Average
Turnover: 74.00%

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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