3 Year return

12.89%
NAV on Nov 22 2024 35.23
1D Returns +0.49%
Launched on July 2015 (9 years)

Investment Details

₹99

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹9025.09 Cr.

Expense Ratio

0.41% (inclusive of GST)

Exit Load

15% of the units allotted (including Switch-in/STP - in on or before completion of 365 days from the date of allotment of units: Nil. 1.00% - If redeemed within 1 year (365 days) from the date of allotment. Nil - If redeemed after 1 Year (365 days) from the date of allotment.

Ratings

ARQ Rating
4

Ratings by other agencies

4
3
4

Tax Implications

Withdrawal within 1 year:

20% tax on gains

Withdrawal after 1 year:

12.5% tax on gains above ₹1.25 lakh per financial year

Fund Holdings

Holdings

Mirae Asset Mutual Fund Managers

HB

Harshad Borawake

Fund Manager since Jan 2024

View Details

Fund House Details

Mirae Asset Mutual Fund

Mirae Asset Mutual Fund Asset management company

AUM ₹195,148.32 Cr.
No. of Schemes 134
Setup Date November 2007

Peer Comparison

Comparison with other similar funds

Funds
3 Y Returns
ARQ Rating

JM Aggressive Hybrid Fund

23.06%

3.5

Bank of India Mid and Small Cap Equity and Debt Fund

19.32%

3

Quant Absolute Fund

15.05%

4

Schemes by Mirae Asset Mutual Fund

List of mutual fund schemes by AMC

Funds 3 Years Returns

About Mirae Asset Hybrid Equity Fund Direct Plan Growth

Mirae Asset Hybrid Equity Fund Direct Plan Growth is an aggressive hybrid scheme that falls under the Mirae Asset Mutual Fund House, and is of the open-ended type. The scheme distributes fund allocation between equity and debt instruments on the basis of valuations, equity earnings growth, and the interest rate outlook. This aggressive hybrid fund has a benchmark in the CRISIL Hybrid 35+65 Aggressive Index.

Investment Objective of the Scheme

Mirae Asset Hybrid Equity Fund Direct Plan Growth aims to create a portfolio that generates long-term growth and increases equity exposure depending on market valuations and cycles. The fund has a portfolio with a large-cap bias, which facilitates performance across market cycles and is usually the first to react to an economic revival. The fund broadly utilises the Buy and Hold strategy for its debt allocation and aims to generate lower portfolio risks.

Key Features of The Fund

5-year return 16.23%
Expense Ratio 0.41%
Fund Manager Harshad Borawake
Fund Size ₹9025.09 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you are looking for capital growth at moderate risk to high risk, you could consider investing in Mirae Asset Hybrid Equity Fund Direct Plan Growth. The scheme aims at wealth creation that comes with lower volatility and gives regular income with a systematic withdrawal plan. Nevertheless, before you take any investment decisions, you may wish to do so by aligning your personal financial goals and needs with any investment.

AMC Contact Details

Name Mirae Asset Mutual Fund
Launch Date November 2007
Addresss Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098.
Contact 1800-2090-777
Email customercare@miraeasset.com
Website https://www.miraeassetmf.co.in/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

Invest With Confidence, Choose the Right SIP

Assess your risk tolerance through a straightforward questionnaire and craft a SIP plan that aligns perfectly with your financial aspirations. With a clear understanding of your risk appetite, you can make informed investment choices tailored to your unique circumstances. By striking the right balance, you'll pave the way for long-term financial stability and success. Use our SIP return calculator for aid.

FAQs

What is today's NAV of Mirae Asset Aggressive Hybrid Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Mirae Asset Aggressive Hybrid Fund Nov 22 2024 is 35.238

What is the AUM of Mirae Asset Aggressive Hybrid Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Mirae Asset Aggressive Hybrid Fund is 9025.09 crore.

What is the expense ratio of Mirae Asset Aggressive Hybrid Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Mirae Asset Aggressive Hybrid Fund is 0.41%

What are the returns of Mirae Asset Aggressive Hybrid Fund since inception?

The Mirae Asset Aggressive Hybrid Fund was launched on Jul 08 2015. The fund has delivered a CAGR of 14.46 since inception.

What is the minimum SIP amount to invest in Mirae Asset Aggressive Hybrid Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Mirae Asset Aggressive Hybrid Fund is 99.

How do I invest in Mirae Asset Aggressive Hybrid Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Mirae Asset Aggressive Hybrid Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Mirae Asset Aggressive Hybrid Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Mirae Asset Aggressive Hybrid Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.
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