Mirae Asset Hybrid Equity Fund -Direct Plan-Growth - Latest NAV ₹20.559, Returns, Performance & Portfolio

Mirae Asset Hybrid Equity Fund -Direct Plan-Growth

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    17.81%
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    (--0.52)20.559

Min amount: ₹1,000

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 22.79 Lakhs in a period of 20 years

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years17.81%
3 Years12.79%
1 Year23.77%
6 Months20.77%
Fund Details
ISININF769K01DH9
RiskModerately High risk
Fund TypeAggressive Allocation
NAV20.559
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd7.77%
ICICI Bank Ltd Ordinary Shares5.95%
Infosys Ltd5.09%
Axis Bank Ltd4.33%
Tata Consultancy Services Ltd3.98%
Reliance Industries Ltd Ordinary Shares3.7%
State Bank of India Ordinary Shares3.29%
6.18% Govt Stock 20243.09%
Housing Development Finance Corp Ltd Ordinary Shares2.2%
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.

iii) Redemption

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

Calculate Returns

Rs. 1,000 invested monthly becomes Rs. 22.79 Lakhs in a period of 20 years
Moderately High risk

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