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: 27-12-2024
NAV ₹13.44(R) -0.07% ₹13.91(D) -0.07%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 11.69% -% -% -% -%
LumpSum (D) 13.26% -% -% -% -%
SIP (R) 7.72% -% -% -% -%
SIP (D) 9.25% -% -% -% -%
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
Axis Balanced Advantage Fund 2
Invesco India Balanced Advantage Fund 3
SBI Balanced Advantage Fund 4
Baroda BNP Paribas Balanced Advantage Fund 5

NAV Date: 27-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Balanced Advantage Fund Regular Plan- Growth 13.44
-0.0100
-0.0700%
Mirae Asset Balanced Advantage Fund Regular Plan IDCW 13.44
-0.0100
-0.0800%
Mirae Asset Balanced Advantage Fund Direct Plan- IDCW 13.9
-0.0100
-0.0700%
Mirae Asset Balanced Advantage Fund Direct Plan- Growth 13.91
-0.0100
-0.0700%

Review Date: 27-12-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It reflects the surge in the investment's value throughout the investment period, communicated as a percentage or a specific monetary sum. Our analysis encompassed four return parameters of this fund. We have organized the return parameters into three performance groups for evaluation: the top 25%, parameters that rank below the top 25% but above average, and parameters that are below average. Below, you'll find a breakdown of how each parameter has performed.
    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%: Two return parameters of the mirae asset balanced advantage fund are above average but below the top 25% in the category, as shown below:
      • 3M Return %
      • 6M Return %
    3. Below Average: mirae asset balanced advantage fund has two return parameters that are below average in the category, which are listed below:
      • 1Y Return %
      • 1M Return %
  2. Risk: It signifies the potential for financial loss or the failure to achieve anticipated returns due to diverse elements. We have analyzed zero risk parameters of mirae asset balanced advantage fund, and divided it into three groups the lowest 25%, below average but above the lowest 25%, and above average. More details are provided 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: In mutual funds, risk-adjusted performance parameters are evaluation tools that gauge the returns of an investment against the risk taken. They assist investors in comparing various investments, factoring in both risk and returns. We have evaluated zero risk-adjusted performance parameters of the fund.
    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 % -0.22
-0.16
-1.65 | 2.14 19 | 34 Average
3M Return % -3.06
-3.50
-9.60 | 0.05 16 | 34 Good
6M Return % 2.16
2.08
-4.13 | 5.43 19 | 34 Average
1Y Return % 11.69
13.50
7.31 | 22.62 23 | 31 Average
1Y SIP Return % 7.72
7.97
-0.61 | 14.29 20 | 31 Average
Return data last Updated On : Dec. 27, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -0.11 -0.05 -1.55 | 2.39 19 | 34
3M Return % -2.73 -3.19 -9.28 | 0.38 17 | 34
6M Return % 2.87 2.74 -3.43 | 6.28 19 | 34
1Y Return % 13.26 14.98 8.43 | 24.46 22 | 31
1Y SIP Return % 9.25 9.39 0.48 | 16.16 19 | 31
Return data last Updated On : Dec. 27, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -0.07 ₹ 9,993.00 -0.07 ₹ 9,993.00
1W 0.34 ₹ 10,034.00 0.37 ₹ 10,037.00
1M -0.22 ₹ 9,978.00 -0.11 ₹ 9,989.00
3M -3.06 ₹ 9,694.00 -2.73 ₹ 9,727.00
6M 2.16 ₹ 10,216.00 2.87 ₹ 10,287.00
1Y 11.69 ₹ 11,169.00 13.26 ₹ 11,326.00
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 7.72 ₹ 12,495.86 9.25 ₹ 12,592.72
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
27-12-2024 13.444 13.906
26-12-2024 13.454 13.916
24-12-2024 13.434 13.894
23-12-2024 13.424 13.883
20-12-2024 13.398 13.855
19-12-2024 13.502 13.962
18-12-2024 13.553 14.014
17-12-2024 13.592 14.054
16-12-2024 13.676 14.14
13-12-2024 13.675 14.137
12-12-2024 13.641 14.102
11-12-2024 13.681 14.143
10-12-2024 13.675 14.136
09-12-2024 13.649 14.108
06-12-2024 13.659 14.118
05-12-2024 13.649 14.106
04-12-2024 13.599 14.054
03-12-2024 13.584 14.038
02-12-2024 13.518 13.97
29-11-2024 13.476 13.924
28-11-2024 13.424 13.871
27-11-2024 13.474 13.921

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.