Mirae Asset Hybrid Equity Fund -Direct Plan-Growth
Min amount: ₹1,000
- Fund Summary
- More about Fund
- Related funds
- Why Cleartax
|Risk||Moderately High risk|
|Fund Type||Aggressive Allocation|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||7.77%|
|ICICI Bank Ltd Ordinary Shares||5.95%|
|Axis Bank Ltd||4.33%|
|Tata Consultancy Services Ltd||3.98%|
|Reliance Industries Ltd Ordinary Shares||3.7%|
|State Bank of India Ordinary Shares||3.29%|
|6.18% Govt Stock 2024||3.09%|
|Housing Development Finance Corp Ltd Ordinary Shares||2.2%|
|Mirae Asset Nifty 50 ETF (MAN50ETF)||2.07%|
About Mirae Asset Hybrid Equity Fund - Direct Plan - Growth
Mirae Asset Hybrid Equity Fund is a balanced fund which invests across both equity and debt market instruments. The fund manager strives to strike the right balance between the risk and returns depending on the market scenario.
Pros and Cons of Mirae Asset Hybrid Equity Fund - Direct Plan - Growth
The main objective of Mirae Asset Equity Fund is to provide investors with returns in the form of capital appreciation in the long run by investing across equity and debt and money market instruments. The asset allocation is mostly made towards equities.
Fund Information and Statistics
i) Inception/Launch Date
Mirae Asset Hybrid Equity Fund was launched on 29 July 2015.
ii) Risk Level
This fund is categorised under the ‘moderately high risk’ class of mutual funds since the exposure to equities is on the higher side. However, this fund carries a lower risk as compared to that of sectoral or thematic mutual funds.
Since Mirae Asset Hybrid Equity Fund is an open-ended mutual fund scheme, you can withdraw your holdings at any time. However, you have to be aware of the applicable exit load charges and tax on capital gains before you place a redemption request.
iv) Fund Manager
Mr Harsha Borawake, Mr Mahendra Kumar Jajoo, Mr Vrijesh Kasera, and Mr Neelesh Surana are the current fund managers of the Mirae Asset Hybrid Equity Fund.
v) Entry/Exit Load
There is no entry load as per the guidelines of the regulator of the Indian securities markets. There is an exit load of 1% if a redemption request is placed within one year from the date of allotment. No exit load applies after one year.
About Mirae Asset Mutual Fund
Mirae Asset Mutual Fund entered the mutual fund for in the year 2007 when it registered with Securities and Exchange Board of India (SEBI) with Mirae Asset Global Investments Co. Ltd as the sponsor and Mirae Asset Trustee Company Pvt. Ltd as the trustee. As of December 2019, its assets under management (AUM) stood at Rs 39,349.03 crore.
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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