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Mirae Asset Hybrid Equity Fund Direct-Growth
NAV as of(Aug 11, 2023)
₹ 28.01 -0.37 % 1-D Change
Returns 
13.65% p.a.
You get upto 1.34%extra returns
- Monthly SIP
Monthly SIP is not available for this fund - Lumpsum Lumpsum is not available for this fund
₹
Minimum SIP amount is ₹
₹
Minimum Lumpsum amount is ₹
This fund vs
Show performance of:
Scheme Details
| VRO Rating | |
| Expense ratio | 0.41% As on Jun 30, 2023 |
| Exit Load | 1.0% |
| AUM (Fund Size) | ₹ 7,778 Crs |
| Lock-in | No Lockin |
| Age | 8 yrs 1 m Since Jul 08, 2015 |
| Benchmark | CRISIL Hybrid 35+65 Aggressive |
| Min. Investment | SIP ₹1000 & Lumpsum ₹5000 |
About Mirae Asset Hybrid Equity Fund
Mirae Asset Hybrid Equity Fund Direct-Growth is a Aggressive Hybrid mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 8 yrs 1 m, having been launched on 08/07/2015. Mirae Asset Hybrid Equity Fund Direct-Growth has ₹7,778 Crores worth of assets under management (AUM) as on 30/06/2023 and is medium-sized fund of its category. The fund has an expense ratio of 0.41%, which is less than what most other Aggressive Hybrid funds charge. Currently, the fund has a 71.14% allocation to equity and 23.19% to Debt.
.....- Mirae Asset Hybrid Equity Fund Direct-Growth returns of last 1-year are 13.05%. Since launch, it has delivered 13.67% average annual returns. The fund has doubled the money invested in it every 4 yrs.
- Mirae Asset Hybrid Equity Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is above average.
- The fund's equity portion is primarily invested in Financial, Technology, Automobile, Unclassified, Healthcare sectors. It has taken less exposure in Financial, Technology sectors compared to other funds in the category.
- The debt portion of the fund has low credit quality indicating the quality of borrowers it has lent it to is not too great.
- The fund's top 5 holdings are in GOI, HDFC Bank Ltd., ICICI Bank Ltd., Reliance Industries Ltd., State Bank of India.
Investment Returns Calculator
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Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.
Latest Asset & Portfolio Allocation
as on Jul 31, 2023Top Stock Holdings
Allocation by Market Cap
Large Cap 54.46%
Mid Cap 8.76%
Small Cap 7.92%
Other Cap 0%
Allocation by Sector
Financial 23.11%
Technology 6.79%
Automobile 6.41%
Unclassified 5.12%
Top Debt Holdings
GOI 7.05%
Small Industries Devp. Bank of India Ltd. 1.09%
National Bank For Agriculture & Rural Development 0.8%
IIFL Finance Ltd. 0.77%
Allocation by Credit Quality
SOV 7.9%
AAA 7.58%
Cash & Call Money 5.67%
AA+ 3.82%
Allocation by Instruments
Debenture 9.37%
GOI Securities 7.05%
Repo 4.25%
Non Convertible Debenture 1.77%
Other Holdings
Others 4.25%
Comparison with aggressive hybrid Funds
as on Aug 14, 2023| Fund name | Annual Return % | ||
|---|---|---|---|
| Quant Absolute Fund | 20.95% | ||
| ICICI Prudential Equity & Debt Fund | 16.78% | ||
| Baroda BNP Paribas Aggressive Hybrid Fund | 14.67% | ||
| Bank of India Mid & Small Cap Equity & Debt Fund | 14.35% | ||
| Edelweiss Aggressive Hybrid Fund | 14.16% | ||
| JM Equity Hybrid Fund | 13.75% | ||
| Mirae Asset Hybrid Equity Fund | 13.3% |
Trailing Returns and Ranks
as on Aug 14, 2023| Period | Trailing returns | Category average |
|---|---|---|
| 1 month | 1.81% | 1.76% |
| 3 months | 7.8% | 8.18% |
| 6 months | 11.74% | 11.66% |
| 1 year | 12.58% | 13.51% |
| 3 years | 18.74% | 20.36% |
| 5 years | 13.45% | 12.66% |
Riskometer
Level of Risk in the Scheme
Investors understand that their principal will be at Very High risk
Mirae Asset Hybrid Equity Fund
HYBRID AGGRESSIVE HYBRID
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.
- Std. Dev : 10.32
- Alpha : 2.63
- Beta : 0.81
- Sharpe : 1.41
- Sortino : 3.1
Mahendra Kumar Jajoo
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
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.
Harshad Borawake
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Vrijesh Kasera
Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
Mirae Asset Mutual Fund
TOTAL AUM:
₹1,24,824 Crs
As on Jun 30, 2023
- Phone: 022-67800301 / 1800-2090-777
- Address: Unit No.606 - 6th Floor,
Windsor Building - Off. CST Road,
Kalina, Santacruz (East),
Mumbai, 400098
Compare with similar Funds
Frequently Asked questions
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However, with ET Money's fund report card, it is now possible to find a fund that consistently ranks at the top and generates wealth over a long period of time. This valuable resource makes it easier to navigate the complex and constantly changing world of financial markets.
At ET Money, we have developed a smart ranking system for funds based on their consistency. We believe that consistently performing at the top of a category is more important than just occasionally ranking highly. To evaluate the consistency of a fund, we have identified two key parameters: "consistency of returns" and "protection from volatility." We assess these parameters by analyzing the strong performance and low volatility of a fund over a prolonged period of time. To arrive at a rating for these parameters, we carefully consider the track record of a fund in terms of both performance and volatility.
In our ranking methodology, we prioritize funds that consistently perform well over those that fluctuate in their performance. To ensure stability in our rankings, we analyzed data for a minimum of five years, rather than just a year or two. We also placed a greater emphasis on recent performance, as it tends to have a greater impact on momentum. This allows us to capture the full potential of recent momentum in our rankings.
How are the returns of Mirae Asset Hybrid Equity Fund ?
The Mirae Asset Hybrid Equity Fund is a 8 yrs 1 m old fund and has delivered average annual returns of 13.65% since inception.
Mirae Asset Hybrid Equity Fund Returns
| 1-Year | 3-Year | 5-Year | Since Inception |
|---|---|---|---|
| 12.0% | 19.04% | 13.3% | 13.65% |
What is the current NAV of Mirae Asset Hybrid Equity Fund?
NAV or Net Asset Value is the per-unit price of the Mutual Fund. The NAV of a Mutual Fund changes every day. It is calculated by taking the current value of the holdings of the fund at end of the day, subtracting the expenses, and dividing the value by the number of units issued to date.
The NAV of Mirae Asset Hybrid Equity Fund for Aug 11, 2023 is 28.01.
Should I invest in Mirae Asset Hybrid Equity Fund?
Mirae Asset Hybrid Equity Fund has an ET Money Rank of # 10 of 29 and a consistency rating of 3.
This indicates the fund has not generated great returns and even those are not very consistent. You might want to look at other funds in its category.
How do I invest in Mirae Asset Hybrid Equity Fund?
On ET Money, Investing in Mirae Asset Hybrid Equity Fund is fast, easy, and 100% paperless. And it takes only minutes. Here is what you need to do -
- Click on the Invest Now Button present on the top right-hand side.
- Enter your email id, select whether you want to do a one-time investment or start a SIP and add the amount
- Provide few more details needed including the bank account from which you will be making the payment and confirm.
- That's it. Your SIP or one-time investment in Mirae Asset Hybrid Equity Fund is done.
How much does Mirae Asset Hybrid Equity Fund charge as expense ratio?
The Expense Ratio of a Mutual Fund is the annual charges you pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio is a percentage of Assets Under Management (AUM) and is taken from the returns generated by the fund. For this reason, a fund with a lower expense ratio is always better because a smaller part of the returns will be taken and that means more returns for you.
The Expense Ratio of the direct plan of Mirae Asset Hybrid Equity Fund is 0.41%. .
How can I redeem my investments in Mirae Asset Hybrid Equity Fund?
Redeeming your investments in Mirae Asset Hybrid Equity Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.
If you have invested in Mirae Asset Hybrid Equity Fund from anywhere else, you can go to the fund house website and put a request through it.
What is the AUM or size of Mirae Asset Hybrid Equity Fund?
AUM or Asset Under Management is the total value of the assets held by a Mutual Fund scheme. For instance, for an equity Mutual Fund, the AUM will be the total value of its portfolio's equity shares (plus any other asset it might have invested in). The AUM of the fund changes every day because the price of the underlying asset fluctuates daily. However, the Mutual Fund company doesn't update it every day. It is updated only at the end of the month and released within few days of the next month.
The AUM of the fund is a good indicator of its popularity. A fund with a high AUM means a lot of money has been invested in it, and investors like it. However, the AUM should never be the primary criteria while selecting a fund. There are funds with huge AUMs that continue to perform well despite their size.
The AUM of Mirae Asset Hybrid Equity Fund is ₹7,778 Crs.
What are the top stock holdings of Mirae Asset Hybrid Equity Fund?
The Mirae Asset Hybrid Equity Fund's equity portion has been invested in the stocks of the following companies
| Company | Percentage of Portfolio |
|---|---|
| HDFC Bank Ltd. | 6.25% |
| ICICI Bank Ltd. | 5.52% |
| Reliance Industries Ltd. | 5.12% |
| State Bank of India | 3.51% |
| Infosys Ltd. | 3.45% |
| Axis Bank Ltd. | 2.93% |
| Larsen & Toubro Ltd. | 2.26% |
| ITC Ltd. | 2.2% |
| Tata Consultancy Services Ltd. | 2.05% |
| Sun Pharmaceutical Inds. Ltd. | 1.75% |
What are the top sectors Mirae Asset Hybrid Equity Fund has invested in?
The Mirae Asset Hybrid Equity Fund's equity portion is primarily invested in the following sectors -
| Sector | Percentage of Portfolio |
|---|---|
| Financial | 23.11% |
| Technology | 6.79% |
| Automobile | 6.41% |
| Unclassified | 5.12% |
| Healthcare | 4.44% |
| Consumer Staples | 4.02% |
| Materials | 3.72% |
| Services | 3.3% |
| Energy | 2.33% |
| Construction | 2.26% |
What is the quality of borrowers Mirae Asset Hybrid Equity Fund lends to?
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Mirae Asset Hybrid Equity Fund's debt portion's allocation by credit quality is given below| Credit Quality | Percentage of Portfolio |
| SOV | 7.9% |
| AAA | 7.58% |
| Cash & Call Money | 5.67% |
To whom does Mirae Asset Hybrid Equity Fund lend to?
The top 3 debt holdings of Mirae Asset Hybrid Equity Fund are as follows
| Holding Name | Percentage of Portfolio |
| GOI | 7.05% |
| Small Industries Devp. Bank of India Ltd. | 1.09% |
| National Bank For Agriculture & Rural Development | 0.8% |