Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Balanced Advantage Fund Direct Plan- Growth
★★★★★ monitor_heart Health Score: 74/100 · GoodMirae Asset Mutual Fund · Hybrid · Dynamic Asset Allocation
₹15.3
AUM: ₹2,128 Cr
NAV updated 4 days ago
Plan
Direct
Option
Growth
Risk
High
Expense Ratio
0.95%
Exit Load
Exit Load for units in excess of 15% of the investment,1% will be charged for redemption within 180 Days.
Fund Manager
Mahendra Kumar Jajoo
Inception
Aug 2022
Benchmark
NIFTY 50 Hybrid Composite Debt 50:50 Index
Sharpe Ratio
-0.46
Std Dev (1Y)
7.87%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.19%
3m
+0.92%
6m
+2.2%
1y
+4.14%
3y
+10.89%
5y
—
10y
—
since inception
+11.12%
rate_review TopFund's Take on Mirae Asset Balanced Advantage Fund Direct Plan- Growth
Mirae Asset Balanced Advantage Fund Direct Plan- Growth holds up reasonably well within the Dynamic Asset Allocation category, backed by a 4-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.
Cost: At 0.95%, the expense ratio is roughly in line with the Dynamic Asset Allocation category average of 0.97% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.46 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 7.87% is on the lower side, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Hybrid fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Balanced Advantage Fund Direct Plan- Growth
The current NAV (Net Asset Value) of Mirae Asset Balanced Advantage Fund Direct Plan- Growth is ₹15.3. NAV is updated every business day after market close by AMFI.
1Y: 4.14% · 3Y CAGR: 10.89%
The expense ratio is 0.95% per annum — the annual fee deducted from your investment to cover fund management costs.
Mirae Asset Balanced Advantage Fund Direct Plan- Growth is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Balanced Advantage Fund Direct Plan- Growth is a High risk fund. Suitable for investors with a 3+ year horizon.
Mirae Asset Balanced Advantage Fund Direct Plan- Growth is a Dynamic Asset Allocation fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mirae Asset Balanced Advantage Fund Direct Plan- Growth is ₹2,129 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.