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Fincash » Mutual Funds » Mirae Asset Hybrid Equity Fund

Mirae Asset Hybrid Equity Fund - G

NAV  ₹29.556 ↑ 0.11  (0.37 %) as on 13 Jun 24

(Erstwhile Mirae Asset Prudence Fund)

Scheme Objective

The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity & equity related instruments and balance in debt and money market instruments. The Scheme does not guarantee or assure any returns.

Mirae Asset Hybrid Equity Fund is a Hybrid - Hybrid Equity fund launched on 29 Jul 15. It is a fund with Moderately High risk and has given a CAGR return of 12.9% since its launch.  Return for 2023 was 19% , 2022 was 2.4% and 2021 was 23.8% .

Below is the key information for Mirae Asset Hybrid Equity Fund

NAV as on 13 Jun 24₹29.556 ↑ 0.11  (0.37 %)
Net Assets (AUM) as on 30 Apr 2024 ₹8,546 Cr.
Launch Date29 Jul 2015
CategoryHybrid - Hybrid Equity
RatingNot Rated
TypeOpen Ended Fund
RiskModerately High
AMCMirae Asset Global Inv (India) Pvt. Ltd
Alpha Ratio-0.48
Expense Ratio1.54 %
Sharpe Ratio2.148
Information Ratio-0.04
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 13 Jun 24

DurationReturns
1 Month 5.8%
3 Month 6.5%
6 Month 12.8%
1 Year 25.2%
3 Year 13.3%
5 Year 14.3%
10 Year
15 Year
Since launch 12.9%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 19%
2022 2.4%
2021 23.8%
2020 13.7%
2019 11.9%
2018 1.3%
2017 27.8%
2016 8.5%
2015

Growth of 10k Over Years

DateValue
31 May 19₹10,000
31 May 20₹8,921
31 May 21₹13,205
31 May 22₹13,882
31 May 23₹15,453
31 May 24₹18,949
Mirae Asset Hybrid Equity Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash6.33%
Equity74.46%
Debt19.21%
Mirae Asset Hybrid Equity Fund Asset Allocation

Sector Allocation

SectorValue
Corporate10.29%
Government8.81%
Cash Equivalent5.7%
Securitized0.74%
RatingValue
AA20.01%
AAA79.99%
Mirae Asset Hybrid Equity Fund Debt Allocation
SectorValue
Financial Services23.28%
Consumer Cyclical10.53%
Industrials9.17%
Technology6.14%
Basic Materials5.62%
Energy5.23%
Health Care4.64%
Consumer Defensive4.05%
Utility3.32%
Communication Services2.03%
Real Estate0.44%
Mirae Asset Hybrid Equity Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | HDFCBANK
Banks - Regional6%₹519 Cr3,415,779
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | ICICIBANK
Banks - Regional5%₹409 Cr3,557,852
↓ -160,000
Reliance Industries Ltd (Energy)
Equity, Since 31 Jul 15 | RELIANCE
Oil & Gas Refining & Marketing4%₹336 Cr1,144,356
↓ -55,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 15 | SBIN
Banks - Regional4%₹320 Cr3,875,875
↓ -885,000
Infosys Ltd (Technology)
Equity, Since 31 Jul 15 | INFY
Information Technology Services3%₹274 Cr1,930,907
Larsen & Toubro Ltd (Industrials)
Equity, Since 31 Jul 15 | LT
Engineering & Construction3%₹216 Cr600,000
↓ -29,621
Axis Bank Ltd (Financial Services)
Equity, Since 31 Jul 15 | 532215
Banks - Regional2%₹214 Cr1,831,615
↓ -675,000
NTPC Ltd (Utilities)
Equity, Since 30 Apr 22 | 532555
Utilities - Regulated Electric2%₹212 Cr5,846,000
↓ -390,000
Bharti Airtel Ltd (Communication Services)
Equity, Since 31 Jul 15 | BHARTIARTL
Telecom Services2%₹167 Cr1,261,573
↓ -35,000
7.1% Govt Stock 2034
Sovereign Bonds | -
2%₹149 Cr15,000,000
↑ 15,000,000
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Fund Managers

NameSinceTenure
Mahendra Jajoo8 Sep 167.65 Yr.
Vrijesh Kasera1 Apr 204.08 Yr.
Harshad Borawake1 Apr 204.08 Yr.

Custodians

CompanyAddress
Deutsche Bank AGDeutsche Bank AG,Kodak House, 22, D.N. Road,

Registrar & Transfer Agent

KFin Technologies Ltd
AddressKFin Technologies Pvt. Ltd,,1D/D Extension 2, Valmiki Chowk,,Gandhi Nagar,
FAX91-40-23311968
Emailmailmanager@karvy.com

Administrator Companies

CompanyAddress
Mirae Asset Investment Managers (India) Private LimitedMirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098

Auditors

CompanyAddress
M/s. Chokshi & Chokshi101/102, Kshamalaya 1st Floor,,37, Sir V. Thackersey Marg,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
Mirae Asset Hybrid Equity Fund
Growth
₹29.556
↑ 0.11
12.85 %25.22 %13.26 %14.31 %
Mirae Asset Hybrid Equity Fund
Normal Dividend, Reinvestment
₹17.388
↑ 0.07
12.12 %24.42 %12.56 %13.5 %
Mirae Asset Hybrid Equity Fund
Normal Dividend, Payout
₹17.388
↑ 0.07
12.12 %24.42 %12.56 %13.5 %
Data as on 13 Jun 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.