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Mirae Asset Hybrid Equity Fund - Direct Plan


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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(₹)
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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
up 6.45% GOI 2029 GOI Securities SOV 0.00 - 5.75 5.75
new Reliance Retail Ltd. 97-D 09/03/2020 Commercial Paper A1+ 0.00 - 2.79 2.79
equal Godrej Consumer Products 81-D 31/01/2020 Commercial Paper A1+ 0.00 - 1.65 1.56
equal Reliance Jio Infocomm 91-D 10/02/2020 Commercial Paper A1+ 0.00 - 1.65 1.56
equal Godrej Properties 91-D 20/02/2020 Commercial Paper A1+ 0.00 - 1.64 1.56
up 7.26% GOI 14/01/2029 GOI Securities SOV 0.04 - 12.77 1.49
new Reserve Bank of India 91-D 05/03/2020 Treasury Bills SOV 0.00 - 0.93 0.93
equal National Bank Agr. Rur. Devp 252-D 31/01/2020 Commercial Paper A1+ 0.00 - 0.83 0.78
new 9.75% Muthoot Finance 27/02/2023 Debenture AA 0.00 - 0.78 0.78
equal Muthoot Finance 19/04/2023 Bonds/Debentures AA 0.00 - 0.85 0.76
new ICICI Bank 18/12/2020 Certificate of Deposit A1+ 0.00 - 0.74 0.74
new 7.27% GOI 2026 GOI Securities SOV 0.00 - 0.65 0.65
equal Mirae Asset Cash Management Direct-Gr Mutual Fund -- 0.00 - 0.91 0.49
new Reliance Jio Infocomm 96-D 09/03/2020 Commercial Paper A1+ 0.00 - 0.47 0.47
equal 7.70% REC 2027 Non Convertible Debenture AAA 0.31 - 0.63 0.31
equal 8.90% Aadhar Housing Finance 26/03/2021 Debenture AA 0.00 - 0.61 0.30
equal Edelweiss Rural & Corporate Services 15/04/2021 Deep Discount Bonds AA- 0.00 - 0.27 0.23
equal 9.19% Indostar Capital Finance 27/03/2021 Debenture AA- 0.18 - 0.39 0.18
equal 8.05% NTPC 2026 Bonds AAA 0.16 - 0.33 0.16
equal 7.55% REC 26/09/2022 Debenture AAA 0.00 - 0.19 0.16
equal 7.80% LIC Housing Fin. 17/03/2020 Debenture AAA 0.16 - 0.33 0.16
equal 7.55% REC 26/09/2023 Debenture AAA 0.00 - 0.19 0.16
new 7.60% LIC Housing Fin. 22/11/2022 Debenture AAA 0.00 - 0.16 0.16
equal 7.45% LIC Housing Fin. 17/10/2022 Debenture AAA 0.16 - 0.32 0.16
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 25.94 8.40 5.87 6.54
equal ICICI Bank Financial 36.42 5.36 3.25 5.14
up Reliance Industries Energy 22.24 4.90 1.88 4.33
up State Bank of India Financial 28.59 4.51 2.18 4.25
up Larsen & Toubro Construction 19.54 3.76 2.33 3.33
up Axis Bank Financial 43.43 4.26 0.52 3.23
equal Infosys Technology 20.40 4.46 1.86 2.87
equal Tata Consultancy Services Technology 25.29 3.57 1.07 2.83
up ITC FMCG 21.07 3.50 1.63 2.58
up HDFC Financial 34.91 3.62 0.24 2.47
down Indusind Bank Financial 20.26 3.35 0.37 2.04
up Mirae Asset Nifty 50 ETF Reg-G Financial -- 1.65
up HPCL Energy 7.34 2.09 0.49 1.58
up Power Finance Corp. Financial 4.57 1.55 0.00 1.51
up NTPC Energy 9.68 1.54 0.00 1.47
up Sun Pharmaceutical Inds. Healthcare 24.81 1.75 0.63 1.34
equal Maruti Suzuki India Automobile 35.42 2.77 1.28 1.28
down Tata Steel Metals 6.62 2.87 1.26 1.26
up Voltas Cons Durable 48.66 1.19 0.18 1.19
up Hindustan Unilever FMCG 68.15 1.17 0.08 1.17
equal Max Financial Services Financial 81.26 1.29 0.00 1.17
up Tata Global Beverages FMCG 63.00 1.57 0.00 1.12
up Dabur India FMCG 58.84 1.51 0.54 1.11
up Balkrishna Industries Automobile 26.82 1.07 0.00 1.07
up HDFC Life Insurance Financial 90.73 1.77 0.00 1.02

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-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:


0.43%

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

Growth: ₹ 17.1260

Dividend: ₹ 14.6500


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: 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%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend19-Feb-20190.8854

 06-Nov-20170.2000
 17-Jul-20170.2092
 17-Apr-20170.2500
 17-Jan-20170.2000

Contact Information

AMC: Mirae Asset Global Investments (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: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

How worrisome is the slowdown

dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM