Mirae Asset Aggressive Hybrid Fund Regular-IDCW
(Scheme Rating)
NAV as of Aug 30, 2024
18.780.48%
(Earn upto 1.33% Extra Returns with Direct Plan)
Fund Category:
Hybrid: Aggressive Hybrid
Expense Ratio:
1.72%(2.00% Category
average)Fund Size:
Rs. 9,294.49 Cr(3.80% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Mirae Asset Aggressive Hybrid Fund Regular-IDCW
(Scheme Rating)
NAV as of Aug 30, 2024
18.780.48%
Expense Ratio:
1.72%
Fund Size:
Rs. 9,294.49 Cr
Fund Category:
Hybrid: Aggressive Hybrid
1. Current NAV: The Current Net Asset Value of the Mirae Asset Aggressive Hybrid Fund - Regular Plan as of Aug 30, 2024 is Rs 18.78 for IDCW option of its Regular plan.
2. Returns: Its trailing returns over different time periods are: 28.47% (1yr), 14.18% (3yr), 17.02% (5yr) and 13.54% (since launch). Whereas, Category returns for the same time duration are: 32.69% (1yr), 16.07% (3yr) and 18.06% (5yr).
3. Fund Size: The Mirae Asset Aggressive Hybrid Fund - Regular Plan currently holds Assets under Management worth of Rs 9294.49 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 1.72% for Regular plan as on Aug 01, 2024.
5. Exit Load: Mirae Asset Aggressive Hybrid Fund - Regular Plan shall attract an Exit Load, "Exit load for units in excess of 15% of the investment,1% will be charged for redemption within 365 days."
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Aggressive Hybrid Fund Regular-IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 1.65 11.75 15.82 29.21 13.75 17.12 Category Avg 1.37 10.99 16.63 32.71 15.52 18.17 Rank within Category 18 18 26 31 27 21 No. of funds within Category 47 47 46 44 43 39 - Loading...
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Return Comparison
- This Fund
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Mirae Asset Aggressive Hybrid Fund Regular-IDCW Fund Details
Investment Objective - 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.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Jul 29, 2015 |
Benchmark | CRISIL Hybrid 35+65 Aggressive Index |
Return Since Launch | 13.61% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Average |
Return Grade | Average |
Mirae Asset Aggressive Hybrid Fund Regular-IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load Exit load for units in excess of 15% of the investment,1% will be charged for redemption within 365 days. |
Portfolio Allocation
Equity
Debt
Asset Allocation
Loading...Asset Allocation History
Loading...EquityDebtCashSector Allocation
Loading...Market Cap Allocation
Loading...Concentration & Valuation Analysis
JUL 2024 JUN 2024 MAY 2024 APR 2024 MAR 2024 FEB 2024 Number of Holdings 154 147 150 145 140 140 Top 5 Company Holdings 20.22% 21.23% 21.39% 21.76% 22.67% 22.75% Top 10 Company Holdings 31.7% 32.86% 32.95% 32.96% 34.97% 34.82% Company with Highest Exposure HDFC Bank (5.42%) HDFC Bank (6.42%) HDFC Bank (6.11%) HDFC Bank (6.08%) HDFC Bank (5.89%) HDFC Bank (5.55%) Number of Sectors 16 16 16 16 16 16 Top 3 Sector Holdings 36.62% 37.6% 36.45% 36.99% 38.5% 37.92% Top 5 Sector Holdings 46.63% 47.94% 46.99% 47.62% 49.34% 48.55% Sector with Highest Exposure Financial (20.57%) Financial (22.88%) Financial (22.45%) Financial (22.6%) Financial (23.69%) Financial (23.07%)
Top Stock Holdings
Sector Holdings in MF
Debt Holdings in Portfolio
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 5.42 18.27 89.60 3.03 Infosys Technology 3.88 30.28 64.20 36.38 ICICI Bank Financial 3.79 18.65 65.91 26.26 Reliance Industries Energy 3.71 29.72 101.60 25.68 State Bank of India Financial 3.42 10.55 77.28 41.69 NTPC Energy 2.62 18.85 22.08 85.39 Axis Bank Financial 2.4 13.59 86.50 19.85 Bharti Airtel Communication 2.29 96.53 16.46 83.10 Larsen & Toubro Construction 2.2 38.15 97.11 35.47 Tata Consultancy Technology 1.97 35.15 129.55 33.64
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Aggressive Hybrid Fund Regular-IDCW 18.78 9,294.49 1.65 29.21 13.75 17.12 JM Aggressive Hybrid Fund-IDCW 36.26 486.95 1.73 49.74 24.19 26.96 Bank of India Mid & Small Cap Equity & Debt Fund Regular-IDCW 33.78 921.20 2.28 47.48 21.51 29.12 Quant Absolute Fund-IDCW 60.54 2,295.21 -1.27 36.58 18.91 27.01 Edelweiss Aggressive Hybrid Fund Regular-IDCW 29.45 1,951.63 1.72 37.36 19.19 20.23
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
9.42VS10.01Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
0.79VS0.78Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.92VS1.06Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
11.01VS13.80Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
0.46VS2.48Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
14.20VS16.13Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Mirae Asset Mutual Fund News
Fund Manager
- M.K.Mahendra Kumar JajooSince Sep 20163 schemes
- H.B.Harshad BorawakeSince Apr 20203 schemes
- V.K.Vrijesh KaseraSince Apr 20202 schemes
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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Equity Savings Fund Regular-IDCW Equity Savings 13.50 1,188.86 18.44 Mirae Asset Nifty SDL June 2028 Index Fund Regular - IDCW Target Maturity 11.13 Unrated 77.93 8.11 Mirae Asset Balanced Advantage Fund Regular - IDCW Dynamic Asset Allocation 13.67 Unrated 1,691.93 21.95 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Equity Savings Fund Regular-IDCW Equity Savings 13.50 1,188.86 18.44 Mirae Asset Multi Asset Allocation Fund Regular - IDCW Multi Asset Allocation 11.32 Unrated 1,586.40 - Mirae Asset Balanced Advantage Fund Regular - IDCW Dynamic Asset Allocation 13.67 Unrated 1,691.93 21.95 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.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Equity Savings Fund Regular-IDCW Equity Savings 13.50 1,188.86 18.44 Mirae Asset Healthcare Fund Regular-IDCW Sectoral-Pharma 26.90 2,560.38 52.31
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Regular- Growth | 37,631.07 | 5.61 | 9.56 | 10.95 | 24.84 | 13.99 | |
Mirae Asset Large & Midcap Fund Regular-Growth | 35,272.60 | 5.43 | 13.88 | 16.40 | 40.15 | 18.55 | |
Mirae Asset ELSS Tax Saver Fund Regular-Growth | 22,620.57 | 5.41 | 12.89 | 15.50 | 36.03 | 17.68 | |
Mirae Asset Midcap Fund Regular - Growth | 15,353.87 | 5.98 | 18.70 | 20.20 | 49.81 | 24.17 | |
Mirae Asset Liquid Fund - Growth | 11,570.11 | 0.60 | 1.85 | 3.72 | 7.27 | 5.70 | |
Mirae Asset Aggressive Hybrid Fund Regular-Growth | 8,563.76 | 5.21 | 9.53 | 12.18 | 25.59 | 13.92 | |
Mirae Asset Focused Fund Regular - Growth | 7,920.31 | 5.02 | 7.93 | 7.78 | 18.40 | 10.96 | |
Mirae Asset Great Consumer Fund Regular-Growth | 3,409.20 | 5.99 | 16.39 | 16.13 | 34.29 | 22.42 | |
Mirae Asset Multicap Fund Regular - Growth | 2,778.68 | 5.26 | 14.84 | 16.05 | - | - | |
Mirae Asset Nifty 50 ETF - Growth | 2,388.15 | 5.14 | 7.29 | 10.67 | 26.32 | 15.80 |
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1. Mirae Asset Aggressive Hybrid Fund - Regular Plan is Open-ended Aggressive Hybrid Hybrid scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Jul 29, 2015.
Investment objective & Benchmark
1. The investment objective of the fund is that " 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. "
2. It is benchmarked against CRISIL Hybrid 35+65 Aggressive Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 73.66% in equities, 22.2% in debts and 3.46% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 31.7% of the assets, the top 3 sectors constitute around 36.62% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
4. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
Tax Implications on Mirae Asset Aggressive Hybrid Fund Regular-IDCW
Hybrid funds which usually invest 65% or more in equity & equity-related instruments will be taxed like Equity funds and those which invest up to 35% in equity & equity-related instruments will be taxed like the new taxation structure of debt funds. Also, the hybrid funds which invest between 35-65% in equity & equity-related instruments will be taxed as per the old taxation structure of debt funds. Generally, tax implications are based on the average asset allocation of the last 12 months in which the fund has invested. However, since the market is dynamic, asset allocation towards equity may increase or decrease depending on the prevailing market & economic conditions. So, the tax treatment of the given fund will vary accordingly and will be determined by its asset allocation. Below are the tax implications from the equity as well as debt side:
For Hybrid funds with 65% and above allocation in equity & equity related instruments:
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of up to Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
For Hybrid funds with 35-65% allocation in equity & equity related instruments:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
For Hybrid funds with 0-35% allocation in equity & equity related instruments:
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Mirae Asset Aggressive Hybrid Fund Regular-IDCW
- Is it safe to invest in Mirae Asset Aggressive Hybrid Fund - Regular Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Aggressive Hybrid Fund - Regular Plan comes under Very High risk category.
- What is the category of Mirae Asset Aggressive Hybrid Fund - Regular Plan?Mirae Asset Aggressive Hybrid Fund - Regular Plan belongs to the Hybrid : Aggressive Hybrid category of funds.
- How Long should I Invest in Mirae Asset Aggressive Hybrid Fund - Regular Plan?The suggested investment horizon of investing into Mirae Asset Aggressive Hybrid Fund - Regular Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Aggressive Hybrid Fund - Regular Plan?The Mirae Asset Aggressive Hybrid Fund - Regular Plan is managed by Mahendra Kumar Jajoo (Since Sep 08, 2016) , Harshad Borawake (Since Apr 01, 2020) and Vrijesh Kasera (Since Apr 01, 2020).
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