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Previously called: Mirae Asset Prudence Direct-G
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NAV as of(Aug 31, 2021)
₹ 24 0.72 % 1-D Change
Returns since inception
Out of 25
Generated returns consistently
Increased returns for each unit of additional risk
Controlled losses during market corrections
Delivered returns without frequent ups and downs
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About this 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 6 yrs 1 m, having been launched on 08/07/2015. Mirae Asset Hybrid Equity Fund Direct-Growth has ₹5,609 Crores worth of assets under management (AUM) as on 30/06/2021 and is medium-sized fund of its category. The fund has an expense ratio of 0.4%, which is less than what most other Aggressive Hybrid funds charge. Currently, the fund has a 74.72% allocation to equity and 19.12% to Debt.
- Mirae Asset Hybrid Equity Fund Direct-Growth returns of last 1-year are 42.68%. Since launch, it has delivered 15.45% average annual returns. The fund has doubled the money invested in it every 5 yrs.
- Mirae Asset Hybrid Equity Fund Direct-Growth schemes ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
- The funds equity portion is primarily invested in Financial, Technology, Energy, Healthcare, Automobile 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 funds top 5 holdings are in GOI, HDFC Bank Ltd., Infosys Ltd., ICICI Bank Ltd., Axis Bank Ltd..
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Total investment Invested
Current value of investment Current value
You would have earned ₹ 1,001 more by investing in ETMONEY Direct Plan
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.
- Top Stock Holdings
- Allocation by Market Cap
- Allocation by Sector
- Top Debt Holdings
- Allocation by Credit Quality
- Allocation by Instruments
Top Debt Holdings
IIFL Wealth Finance Ltd. 0.89%
ICICI Securities Ltd. 0.88%
Allocation by Credit Quality
Allocation by Instruments
Mirae Asset Nifty 50 ETF Regular - Growth 1.12%
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|Period||Trailing returns||Category average||Rank within category|
|1 month||3.48%||3.38%||17 / 31|
|3 months||9.45%||9.41%||16 / 31|
|6 months||15.55%||15.89%||17 / 31|
|1 year||41.68%||44.79%||22 / 30|
|3 years||16.39%||14.68%||8 / 26|
|5 years||16.19%||13.8%||3 / 22|
Investors understand that their principal will be at Very High risk
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 : 16.22
- Alpha : 3.95
- Beta : 0.89
- Sharpe : 0.73
- Sortino : 0.83
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.
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.
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.
- Email: email@example.com
- Phone: 022-67800301 / 1800-2090-777
- Address: Unit No.606 - 6th Floor,
Windsor Building - Off. CST Road,
Kalina, Santacruz (East),
Allocation Break-up by Holdings
HDFC Bank Ltd.5.57%
ICICI Bank Ltd.5.29%
Axis Bank Ltd.3.28%
Tata Consultancy Services Ltd.3.27%
State Bank of India2.45%
Tata Steel Ltd.2.19%
Reliance Industries Ltd.2.17%
Maruti Suzuki India Ltd.2.03%
Larsen & Toubro Ltd.1.94%
Housing Development Finance Corpn. Ltd.1.93%
Sun Pharmaceutical Inds. Ltd.1.65%
SBI Life Insurance Company Ltd.1.52%
Reliance Industries Ltd - PPE1.47%
Bharti Airtel Ltd.1.42%
Ambuja Cements Ltd.1.4%
Gujarat State Petronet Ltd.1.23%
Quess Corp Ltd.1.17%
UTI Asset Management Company Ltd.1.12%
Havells India Ltd.1.08%
Torrent Pharmaceuticals Ltd.1.07%
Crompton Greaves Consumer Electricals Ltd.1.06%
Kotak Mahindra Bank Ltd.1.05%
Bharat Petroleum Corpn. Ltd.1.05%
Krishna Institute Of Medical Sciences Ltd.0.96%
Greenply Industries Ltd.0.92%
Hindustan Unilever Ltd.0.89%
Natco Pharma Ltd.0.85%
TVS Motor Co. Ltd.0.81%
Power Finance Corpn. Ltd.0.78%
Westlife Development Ltd.0.75%
Craftsman Automation Ltd.0.71%
Muthoot Finance Ltd.0.68%
Max Financial Services Ltd.0.67%
Clean Science And Technology Ltd.0.6%
Shriram Transport Finance Co. Ltd.0.6%
Tata Motors Ltd.0.59%
Dabur India Ltd.0.58%
Kansai Nerolac Paints Ltd.0.57%
Tatva Chintan Pharma Chem Ltd.0.53%
Fortis Healthcare (India) Ltd0.51%
Gateway Distriparks Ltd.0.51%
Motherson Sumi Systems Ltd.0.5%
Hindustan Petroleum Corpn. Ltd.0.5%
HDFC Standard Life Insurance Company Ltd.0.48%
Cholamandalam Investment & Finance Co. Ltd.0.48%
Bata India Ltd.0.46%
Britannia Industries Ltd.0.46%
Ashok Leyland Ltd.0.35%
Sudarshan Chemical Inds. Ltd.0.34%
Divis Laboratories Ltd.0.22%
Equitas Micro Finance India Pvt Ltd.0.2%
Dr. Reddys Laboratories Ltd.0.16%
Kajaria Ceramics Ltd.0.02%
ICICI Lombard General Insurance Comapny Limited0.01%
Allocation Break-up by Sectors
Allocation Break-up by Holdings
IIFL Wealth Finance Ltd.0.89%
ICICI Securities Ltd.0.88%
L&T Finance Ltd.0.82%
National Bank For Agriculture & Rural Development0.72%
Muthoot Finance Ltd.0.47%
Tata Motors Finance Solutions Pvt Ltd.0.43%
LIC Housing Finance Ltd.0.4%
Rural Electrification Corpn. Ltd.0.19%
Small Industries Devp. Bank of India Ltd.0.18%
National Thermal Power Corp. Ltd.0.1%
L&T Infrastructure Finance Co. Ltd.0.04%
Allocation Break-up by Credit Quality
Cash & Call Money6.16%
Allocation Break-up by Instruments
Non Convertible Debenture1.85%
State Development Loan0.19%
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Frequently asked questions
The Mirae Asset Hybrid Equity Fund is a 6 yrs 1 m old fund and has delivered average annual returns of 15.429099895832742% since inception.
Mirae Asset Hybrid Equity Fund Returns
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 31, 2021 is 24.
Mirae Asset Hybrid Equity Fund has an ETMONEY Rank of # 8 of 25 and a consistency rating of 5.
This indicates the fund has generated average returns. However, whatever returns the fund delivers, it does so with exceptional consistency. You can consider this fund if the predictability of returns is what you are looking for
On ETMONEY, 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.
- Thats it. Your SIP or one-time investment in Mirae Asset Hybrid Equity Fund is done.
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 0.4%. .
Redeeming your investments in Mirae Asset Hybrid Equity Fund is super easy. If you have invested in this fund via ETMONEY, 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.
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 portfolios 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 doesnt 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 ₹ 5,609 Crs.
The Mirae Asset Hybrid Equity Funds equity portion has been invested in the stocks of the following companies
|Company||Percentage of Portfolio|
|HDFC Bank Ltd.||5.57%|
|ICICI Bank Ltd.||5.29%|
|Axis Bank Ltd.||3.28%|
|Tata Consultancy Services Ltd.||3.27%|
|State Bank of India||2.45%|
|Tata Steel Ltd.||2.19%|
|Reliance Industries Ltd.||2.17%|
|Maruti Suzuki India Ltd.||2.03%|
|Larsen & Toubro Ltd.||1.94%|
The Mirae Asset Hybrid Equity Funds equity portion is primarily invested in the following sectors -
|Sector||Percentage of Portfolio|
The credit rating of the instruments in which the fund invests represents the quality of the borrower.
The Mirae Asset Hybrid Equity Funds debt portions allocation by credit quality is given below
|Credit Quality||Percentage of Portfolio|
|Cash & Call Money||6.16%|
The top 3 debt holdings of Mirae Asset Hybrid Equity Fund are as follows
|Holding Name||Percentage of Portfolio|
|IIFL Wealth Finance Ltd.||0.89%|
|ICICI Securities Ltd.||0.88%|
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