Mirae Asset Hybrid Equity Fund -Regular Plan-Growth
Mirae Asset Hybrid Equity Fund -Regular Plan-Growth0Morning Star
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Min amount: ₹1,000
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|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||6.61%|
|Reliance Industries Ltd||5.29%|
|ICICI Bank Ltd||4.73%|
|Axis Bank Ltd||4.01%|
|State Bank of India||3.99%|
|Larsen & Toubro Ltd||3.32%|
|Tata Consultancy Services Ltd||2.76%|
About Mirae Asset Hybrid Equity Fund
The objective of the scheme is to generate capital appreciation along with current income by investing in equity and equity related instruments, money market instruments and balance in debt.
Pros and Cons of Mirae Asset Hybrid Equity Fund
Investor can seek in Mirae Asset Hybrid Equity Fund: 1. Investment in strong growth companies with diversified portfolio at reasonable price. 2. This fund has lower risk alternative to a pure equity scheme. 3. Achieve stability through debt and aims to achieve favourable risks rewards returns. 4. Long term capital appreciation.
Fund Information and Statistics of Mirae Asset Hybrid Equity Fund
i) Inception / Launch date
Mirae Asset Hybrid Equity Fund was launched on 29th July, 2015 by Mirae Asset Mutual Fund.
ii) Risk level
The fund is moderately risky and ideal for investors with a medium investment horizon. It is suitable for investors looking for defensive opportunities.
The redemption or the repurchase proceeds within 10 working days from the date of redemption or repurchase. The minimum redemption amount can be any number of units or any amount as requested by the unit holder at the time of redemption request.
iv) Fund Manager
Mr.Neelesh Surana is managing the fund since the inception and Mr. Sudhir Kedia is looking after the Equity portion and Mr.Mahendra Jajoo is looking after the Debt portion.
v) Entry / Exit load
The entry load is not applicable for investing in Mirae Asset Hybrid Equity Fund. Whereas the exit load is 1% if redeemed within 1 year(365 days) from the date of purchase and if redeemed after 1 year (365 days) from the date of purchase the exit load is not applicable.
Tax benefits of investing in Mirae Hybrid Equity Fund
A short-term capital gain tax of 15% is applicable if sold within a year from the date of allotment, whereas long-term capital gains , in excess of Rs 1 lakh, will be taxed at 10% if sold after one year. A dividend distribution tax of 10% is also levied on dividends.
About Mirae Asset Mutual Fund
Mirae Asset is one of the leading mutual fund companies in India. It offers a wide range of schemes. This mutual fund is sponsored by Mirae Asset Global Investments Co. Limited, South Korea. In India it started in 2007 with a minimum capital of Rs.10 crore and has now been revised to Rs.50 crore ,Mirae Asset Mutual Fund had the arsenal to become a powerful fund house.
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Min amount: ₹1,000
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns