Mirae Asset Multi Asset Allocation Fund
The scheme seeks to provide long-term capital appreciation from a portfolio investing in equity and equity related securities, Debt and money market instruments, Gold ETFs, Silver ETFs and Exchange Traded Commodity Derivatives.
Growthvine rating: 3/5 — ranked #23 of 48 in category.
Fund basics
| Category | Hybrid: Multi Asset |
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| NAV | ₹13.76 (as of 2026-08-21) |
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| AUM | ₹3,478 Cr |
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| Expense ratio | 1.63% |
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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
| Standard deviation | 0.00% |
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| Max drawdown | -9.29% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 105.6% of NIFTY Multi Asset - Equity : Debt : Arbitrage : REITs/InvITs (50:20:20:10) Index's upside and 59.3% of its downside.
Market cap allocation
| Large cap | 72.6% |
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| Mid cap | 13.4% |
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| Small cap | 14.0% |
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Concentration
| Top 5 holdings | 16.7% |
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| Top 10 holdings | 24.1% |
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| Total holdings | 135 |
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Top holdings
- Mirae Asset Gold ETF — 11.4%
- ICICI Bank Ltd. — 4.7%
- HDFC Bank Ltd. — 4.5%
- TREPS — 3.7%
- State Bank Of India — 2.7%
- Reliance Industries Ltd — 2.5%
- Bharti Airtel Ltd. — 2.3%
- 6.79% Government of India (MD 07/10/2034) — 1.9%
- AXIS Bank Ltd. — 1.9%
- Eternal Limited — 1.6%
Top sectors
- Banking & Financial — 18.5%
- Automobile — 5.7%
- Pharma & Biotech — 4.6%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 3.9% | Q3 | #27 of 44 |
| 2025 | 18.3% | Q2 | #13 of 34 |