Mirae Asset Balanced Advantage Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Delivered positive returns in 100% of 3-year investment horizons.
- Strong capital defense: downside capture of 41% limits losses during market corrections.
- Equities carry market risk; returns fluctuate and recommended investment horizon is 5+ years.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +5.45% | +5.51% | -0.06% |
| 3 Months | +1.82% | +1.29% | +0.53% |
| 6 Months | +5.26% | +5.25% | +0.01% |
| 1 Year | +4.56% | +2.38% | +2.18% |
| 3 Years CAGR | +10.02% | +9.06% | +0.96% |
| Since Inception | +10.11% | - | - |
📈 Monthly SIP vs Bank Fixed Deposit (FD) Replay
See how a regular monthly SIP in Mirae Asset Balanced Advantage Fund compares against a standard 7.0% p.a. Bank Fixed Deposit.
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +3.54% | +1.91% | +1.63% |
| 2025 | +8.61% | +5.68% | +2.93% |
| 2024 | +11.15% | +12.82% | -1.67% |
| 2023 | +18.17% | +18.07% | +0.10% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | -2.02% | +11.15% | +9.38% | +24.21% | 98.9% | 50.8% |
| 3-Year Rolling | +8.01% | +11.13% | +11.74% | +13.51% | 100.0% | 50.5% |
Risk Profile & Deepest Drawdowns
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and equity related instruments - 0 to 100% (high) Debt securities (including securitized debt), money market instruments (including Triparty REPO, Reverse Repo and equivalent) -0 to 100% (Medium to high) | Per Scheme Mandate |
Investment Objective & Strategy
The investment objective of the scheme is 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. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 2,200 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Balanced Advantage schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Balanced Advantage Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Edelweiss Balanced Advantage Fund | 6.4 | +10.89% | 1.91% | 53.3% | Rs 13,694 cr | Compare → |
| SBI Balanced Advantage Fund | 7.7 | +9.74% | 1.66% | 39.8% | Rs 41,907 cr | Compare → |
| Baroda BNP Paribas Balanced Advantage Fund | 6.9 | +11.91% | 2.03% | 60.6% | Rs 5,503 cr | Compare → |
| Mahindra Manulife Balanced Advantage Fund | 5.8 | +10.57% | 2.38% | 52.6% | Rs 922 cr | Compare → |
| WhiteOak Capital Balanced Advantage Fund | 7.3 | +11.06% | 2.23% | 50.2% | Rs 2,364 cr | Compare → |
Frequently Asked Questions about Mirae Asset Balanced Advantage Fund
What is the expense ratio of Mirae Asset Balanced Advantage Fund?
Mirae Asset Balanced Advantage Fund has a total expense ratio (TER) of 2.27% with a base expense ratio of 1.74%, compared to the Balanced Advantage category median of 2.40%.
Who manages Mirae Asset Balanced Advantage Fund?
Mirae Asset Balanced Advantage Fund is managed by Harshad Borawake (tenure: 4.3 years since 2022-08-11).
What are the historical returns of Mirae Asset Balanced Advantage Fund?
Mirae Asset Balanced Advantage Fund delivered a 3-year CAGR of 10.02%. Its 1-year return stands at +4.56%.
How large is Mirae Asset Balanced Advantage Fund?
Mirae Asset Balanced Advantage Fund manages assets of Rs 2,200 cr, placing it in the 'comfortable' size band relative to Balanced Advantage peers.
How is Mirae Asset Balanced Advantage Fund scored on MFIQ?
Mirae Asset Balanced Advantage Fund holds an MFIQ Score of 6.4/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mirae Asset Balanced Advantage Fund?
Mirae Asset Balanced Advantage Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 7.70% with a maximum historical drawdown of -8.05%.