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 Regular Plan IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 4/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 74/100 · Good
How this score is calculated
- Star rating (35%)4/5
- 3Y CAGR (30%)10.66%
- Expense ratio (20%)0.95%
- AUM (15%)₹2,167 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Hybrid · Dynamic Asset Allocation
₹15.56
AUM: ₹2,166 Cr
NAV updated 23 days ago
Plan
Regular
Option
Idcw
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
-0.94
Std Dev (1Y)
11.07%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.47%
3m
+3.74%
6m
+3.53%
1y
+6.27%
3y
+10.66%
5y
—
10y
—
since inception
+7.71%
TopFund's Take on 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 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 0.96% — 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 -0.94 — 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 for a Dynamic Asset Allocation fund, 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.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Balanced Advantage Fund Regular Plan IDCW
The current NAV (Net Asset Value) of Mirae Asset Balanced Advantage Fund Regular Plan IDCW is ₹15.56. NAV is updated every business day after market close by AMFI.
1Y: 6.27% · 3Y CAGR: 10.66%
The expense ratio of Mirae Asset Balanced Advantage Fund Regular Plan IDCW is 0.95% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Balanced Advantage Fund Regular Plan IDCW is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Balanced Advantage Fund Regular Plan IDCW is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Mirae Asset Balanced Advantage Fund Regular Plan IDCW is a Dynamic Asset Allocation fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Balanced Advantage Fund Regular Plan IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Balanced Advantage Fund Regular Plan IDCW is ₹2,167 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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