Mirae Asset Balanced Advantage Fund Regular Plan IDCW

Mirae Asset Balanced Advantage Fund Regular Plan IDCW holds up reasonably well within the Dynamic Asset Allocation or Balanced Advantage category, backed by a 4-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 70/100.

Cost: At 0.72%, the expense ratio is meaningfully cheaper — about 59% below the Dynamic Asset Allocation or Balanced Advantage category average of 1.74% (based on 34 comparable funds). Lower costs compound in your favour over long holding periods.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.08 — 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 11.07% is on the lower side, suggesting a comparatively smoother ride.

Who should invest: This fund is best suited to investors who want a single fund blending equity growth with debt-driven stability. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.