Mirae Asset Balanced Advantage Fund
The scheme seeks to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives.
Growthvine rating: 4/5 — ranked #6 of 35 in category.
Fund basics
| Category | Hybrid: Balanced Advantage |
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| NAV | ₹14.79 (as of 2026-08-21) |
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| AUM | ₹2,129 Cr |
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| Expense ratio | 1.74% |
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| Riskometer | Very High |
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| Fund manager | Harshad Borawake |
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| Exit load | For units in excess of 15% of the investment, 1% will be charged for redemption within 180 days |
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Performance & risk
| Sharpe ratio | 0.45 |
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| Standard deviation | 8.06% |
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| Max drawdown | -8.05% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 108.9% of NIFTY 50 Hybrid Composite Debt 50:50 Index's upside and 90.6% of its downside.
Market cap allocation
| Large cap | 75.5% |
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| Mid cap | 11.2% |
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| Small cap | 13.3% |
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Concentration
| Top 5 holdings | 17.2% |
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| Top 10 holdings | 24.8% |
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| Total holdings | 140 |
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Top holdings
- Net Receivable / Payable — 12.4%
- HDFC Bank Ltd. — 4.8%
- TREPS — 4.5%
- ICICI Bank Ltd. — 3.7%
- 7.18% Government of India (MD 14/08/2033) — 3.3%
- Bharti Airtel Ltd. — 3.1%
- Reliance Industries Ltd — 2.8%
- State Bank Of India — 2.8%
- 7.53% Bajaj Housing Finance Ltd. (MD 28/09/2029) — 2.3%
- 7.60% Torrent Pharmaceuticals Ltd. (MD 19/01/2029) — 2.3%
Top sectors
- Banking & Financial — 17.4%
- Automobile — 7.2%
- Pharma & Biotech — 5.8%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 1.5% | Q2 | #14 of 35 |
| 2025 | 8.6% | Q1 (Top) | #6 of 34 |
| 2024 | 11.1% | Q3 | #21 of 30 |
| 2023 | 18.2% | Q2 | #13 of 26 |