MIRAE ASSET BALANCED ADVANTAGE FUND

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About The AMC

Mirae Asset Global Investments was established in Asia and now has operations in 12 nations. We use a cooperative management style to oversee a fully diversified investment platform. We can adapt to our customers' evolving demands and provide cutting-edge solutions across asset classes thanks to our unique viewpoint and the experience of our global investment specialists. Provide them with smart strategies for building portfolios and achieving their investing goals.

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We presently manage approximately $205 billion in investments on behalf of customers, providing us the size and knowledge to spot opportunities in a changing environment as of June 2022, AUM. In a world that is changing quickly, Mirae Asset Global Investments is a diversified asset management that offers customers creative solutions worldwide.

Our development is built on unshakeable ideals and principles. While keeping the trust placed in us safe, open communication with our clients helps us stay ahead of the competition. At the center of our values and what drives our actions to maintain client trust is our responsibility for your future. Investment and growth go hand in hand, so we'll keep innovating to build a happier, healthier society.

Fund Snapshot

Fund Type Large Cap Equity Fund
Fund Managers Mr. Gaurav Misra & Mr. Gaurav Khandelwal
Inception Date 04th April 2008
Benchmark Nifty 100 Index (TRI)
Minimum Investment Amount Rs. 5,000/- and multiples of Rs. 1/- after that. Minimum
Additional Application Amount Rs. 1,000/- per application and in multiples of Rs. 1/- after that
Systematic Investment Plan (SIP) Monthly and Quarterly: Minimum of Rs. 1000/- (multiples of Rs.1/- after that), minimum 5 in case of Monthly or 3 in case of Quarterly option.

Exit Load:

  • For investors who have opted for SWP under the plan:
    • 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.
  • Any redemption over such limits in the first 365 days from the date of the allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO):
    • If redeemed within 1 year (365 days) from the date of allotment: 1%
    • If redeemed after 1 year (365 days) from the date of allotment: NIL
  • Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out):
    • If redeemed within 1 year (365 days) from the date of allotment: 1%
    • If redeemed after 1 year (365 days) from the date of allotment: NIL

    • Suitable for

    This product is suitable for investors who are seeking:

    • To generate long-term capital appreciation/income
    • Investment predominantly in Large Cap companies

Investment Objective

The scheme's investment goal is to produce long-term capital growth by seizing potential investment opportunities and primarily investing in the stocks of large-cap companies. No returns are promised or guaranteed by the Scheme.

Fund Manager Profile

Mr. Gaurav Misra

Mr. Misra has more than 26 years of equities research and investment management expertise. He spent 14 years working with ASK Investment Managers Pvt. Ltd. before joining Mirae Asset Mutual Fund. Mr. Gaurav holds a BA in Economics with Honors from St. Stephen's College in Delhi and an MBA from IIM Lucknow. He has over 25 years of extensive expertise in institutional and private equity.

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Mr. Gaurav Khandelwal

With more than 11 years of professional experience, Mr. Khandelwal's main duty is to support fund managers with equity research. Before this, he worked for ICICI Bank, CRISIL Limited, Emkay Global Private Limited, and Ambit Capital Private Limited.

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