
Earlier known as Mirae Prudence Fund, this fund has made a name for itself in its limited history by delivering strong performance since its inception in July 2015. Aggressive hybrid funds invest predominantly in equity stocks with some allocation to bonds. The latter helps it limit losses when the equity markets fall sharply. Therefore, they tend to be relatively less volatile than pure equity funds. They won't deliver blockbuster returns during bull runs, but they'll provide more downside protection during market corrections. This makes them suitable for conservative or first-time equity investors who are not familiar with the sharp ups and downs of the equity market. Investment strategy and portfolio Mirae has strongly advocated for the 'Growth at a reasonable price' philosophy. The portfolio strategy is centred around participating in high-quality growth businesses, up to a reasonable price and holding the same over an extended period. It keeps an eye on growth-oriented companies run by competent management and filters stocks in three buckets - business, management and valuation. It uses a bottom-up approach for stock selection. The fund follows a strategy with equity allocation remaining withi
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