Mirae Asset Balanced Advantage Fund Overview
Category Dynamic Asset Allocation or Balanced Advantage
BMSMONEY Rank N/A
BMSMONEY Rating N/A
Gro. Opt. As On: 19-11-2024
NAV ₹13.26(R) +0.36% ₹13.7(D) +0.36%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 16.04% -% -% -% -%
LumpSum (D) 17.67% -% -% -% -%
SIP (R) -7.03% -% -% -% -%
SIP (D) -5.65% -% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
Top Dynamic Asset Allocation or Balanced Advantage
Fund Name Rank Rating
Hdfc Balanced Advantage Fund 1
SBI Balanced Advantage Fund 2
Axis Balanced Advantage Fund 3
Icici Prudential Balanced Advantage Fund 4
Invesco India Balanced Advantage Fund 5

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Balanced Advantage Fund Regular Plan- Growth 13.26
0.0500
0.3600%
Mirae Asset Balanced Advantage Fund Regular Plan IDCW 13.26
0.0500
0.3600%
Mirae Asset Balanced Advantage Fund Direct Plan- IDCW 13.69
0.0500
0.3700%
Mirae Asset Balanced Advantage Fund Direct Plan- Growth 13.7
0.0500
0.3600%

Review Date: 19-11-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It indicates the appreciation in the investment's value within the investment period, represented as a percentage or a specific amount of money. We conducted an analysis of the four return parameters of this fund to assess their performance. To assess performance, we have segmented the return parameters into three groups: the top 25%, parameters below the top 25% but still above average, and parameters below average. The results are provided below.
    1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
    2. Above Average Below the Top 25%: The mirae asset balanced advantage fund has three return parameters in the category, which are above average but below the top 25%, as listed below:
      • 1M Return %
      • 3M Return %
      • 6M Return %
    3. Below Average: mirae asset balanced advantage fund has one return parameter that is below average in the category, which is listed below:
      • 1Y Return %
  2. Risk: It is defined as the prospect of not attaining expected yields or enduring financial setbacks due to numerous causes. For mirae asset balanced advantage fund, we have analyzed zero risk parameters and divided them into three groups the lowest 25%, below average but above the lowest 25%, and above average, which are described below.
    1. Lowest 25%: mirae asset balanced advantage fund does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
    2. Below Average but Above the Lowest 25%: mirae asset balanced advantage fund does not have any risk parameters in the below average but above the lowest 25% of the category.
    3. Above Average: mirae asset balanced advantage fund does not have any risk parameters above average; which is a good sign.
  3. Risk Adjusted Performance Parameters: Risk-adjusted performance parameters in mutual funds are parameters that assess the return on investments based on the risks involved. These parameters provide a platform for investors to compare various investments, by considering both profits and the risks involved. For mirae asset balanced advantage fund, we have evaluated zero risk-adjusted performance parameters.
    1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
    2. Above Average Below Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
    3. Below Average Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -2.44
-2.52
-5.71 | -0.47 20 | 34 Average
3M Return % -1.60
-1.70
-8.33 | 0.98 21 | 34 Average
6M Return % 4.70
4.44
-3.86 | 8.16 18 | 34 Good
1Y Return % 16.04
18.45
11.88 | 31.82 24 | 30 Average
1Y SIP Return % -7.03
-6.07
-16.14 | -0.41 23 | 30 Average
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -2.33 -2.41 -5.57 | -0.44 20 | 34
3M Return % -1.25 -1.37 -7.99 | 1.16 23 | 34
6M Return % 5.43 5.12 -2.97 | 8.80 17 | 34
1Y Return % 17.67 19.99 13.29 | 33.82 26 | 30
1Y SIP Return % -5.65 -4.79 -14.48 | 0.85 23 | 30
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.36 ₹ 10,036.00 0.36 ₹ 10,036.00
1W -0.56 ₹ 9,944.00 -0.54 ₹ 9,946.00
1M -2.44 ₹ 9,756.00 -2.33 ₹ 9,767.00
3M -1.60 ₹ 9,840.00 -1.25 ₹ 9,875.00
6M 4.70 ₹ 10,470.00 5.43 ₹ 10,543.00
1Y 16.04 ₹ 11,604.00 17.67 ₹ 11,767.00
3Y
5Y
7Y
10Y
15Y

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 -7.03 ₹ 11,536.79 -5.65 ₹ 11,628.24
3Y ₹ 36000
5Y ₹ 60000
7Y ₹ 84000
10Y ₹ 120000
15Y ₹ 180000


Date Mirae Asset Balanced Advantage Fund NAV Regular Growth Mirae Asset Balanced Advantage Fund NAV Direct Growth
19-11-2024 13.26 13.696
18-11-2024 13.213 13.647
14-11-2024 13.225 13.657
13-11-2024 13.221 13.653
12-11-2024 13.335 13.77
11-11-2024 13.419 13.856
08-11-2024 13.425 13.86
07-11-2024 13.469 13.906
06-11-2024 13.541 13.979
05-11-2024 13.458 13.893
04-11-2024 13.395 13.828
31-10-2024 13.419 13.85
30-10-2024 13.43 13.861
29-10-2024 13.457 13.889
28-10-2024 13.408 13.837
25-10-2024 13.358 13.784
24-10-2024 13.444 13.872
23-10-2024 13.461 13.89
22-10-2024 13.462 13.89
21-10-2024 13.591 14.023

Fund Launch Date: 12/Aug/2022
Fund Category: Dynamic Asset Allocation or Balanced Advantage
Investment Objective: 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 andderivatives. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
Fund Description: An open-ended Dynamic Asset Allocation Fund
Fund Benchmark: Nifty Equity Savings Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.