AMFI Registered MFD · ARN-130934 · Mutual fund investments are subject to market risks. CA Amit Kumar Jain · +91 93522 44475 Poornima Jain · +91 92525 44475 support@plenitude.co.in

Mirae Asset Balanced Advantage Fund - Direct Plan - Growth

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 and derivatives. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.Read more

AMC websiteScheme documentsNAV history (AMFI)

Mirae Asset Mutual FundBalanced Advantage FundsDirect · GrowthRiskometer: Moderately High Risk
NAV · 16 Oct 2026₹15.2870▲ 0.33% (1 day)
  • Current NAV₹15.2870
  • Fund Size (AUM)₹ 2,109 Cr.
  • Expense Ratio0.95 %
  • 1Y Return+2.18%
  • 3Y Return (CAGR)+9.85%
  • 5Y Return (CAGR)—
  • Category Rank (3Y)—
  • RiskometerModerately High Risk
  • Min. SIP / Lump sum₹ 99 / ₹ 5,000
More figures (11)
  • Since Launch (CAGR)+10.64%
  • Benchmark—
  • Volatility (3Y)7.62 %
  • Sharpe Ratio (3Y)0.44
  • Beta (3Y)—
  • 52-week High / Low₹15.6780 / ₹14.3200
  • Max Drawdown-7.5 %
  • Launched12 Aug 2022
  • Lock-inNone
  • Portfolio Turnover35 %
  • Fund ManagersHarshad Borawake, Basant Bafna

Performance chart

Past performance may or may not be sustained in future.

Quick take

  • Over 3 years it returned 9.9% a year.
  • Volatility over 3 years was 7.6% a year, with a Sharpe ratio of 0.44.
  • Its biggest fall from a peak was 7.5% (26 Sep 2024 to 28 Feb 2025).
  • Across all 3-year periods since launch, yearly returns ranged from 9.5% to 14.9% and were positive 100% of the time.
  • Expense ratio 0.95%, fund size ₹2,109 crore.

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Returns vs benchmark and category

Returns (%)1W1M3M6MYTD1Y2Y3Y5Y7Y10YSince launch
This fund+0.86%-0.24%-0.89%+1.00%+0.07%+2.18%+4.06%+9.85%———+10.64%

Point-to-point NAV returns as on 16 Oct 2026; over 1 year, yearly compounded (CAGR). Category: Direct Growth plans in Balanced Advantage Funds. Q1 = top quarter by return over that period.

Calendar-year returns

Year2026 YTD202520242023
This fund+0.07%+10.10%+12.72%+19.85%

January to December each year; the current year is to date.

Risk and consistency

Risk measure3 years5 years
Volatility (standard deviation) ?7.62%7.07%
Sharpe ratio ?0.44—
Sortino ratio ?0.60—
Maximum drawdown-7.52%-7.52%

Rolling 3-year returns (yearly)

Lowest+9.48%
Median+13.40%
Highest+14.90%
Positive100% of periods
Above 12% a year69% of periods

Every 3- and 5-year period since launch, checked weekly. It shows how consistent returns were, whenever someone invested.

SIP returns: ₹10,000 every month

SIP forInvestedValue todayGainXIRR
1Y₹1,20,000₹1,20,793₹793+1.22%
3Y₹3,60,000₹3,94,476₹34,476+6.03%

A ₹10,000 instalment on the same date every month, valued at the latest NAV. XIRR is the yearly return on those dated instalments. Try the SIP calculator.

Compare with all Balanced Advantage Funds (38)

About Balanced Advantage Funds
Scheme (Direct plans, Growth)NAV1M6M1Y3Y5Y
Aditya Birla Sun Life Balanced Advantage Fund - Direct Plan - GROWTHAditya Birla Sun Life Mutual Fund₹128.0000—————
Axis Balanced Advantage Fund - Direct Plan - Growth OptionAxis Mutual Fund₹23.8100—————
Bajaj Finserv Balanced Advantage Fund - Direct Plan - GrowthBajaj Finserv Mutual Fund₹11.9230—————
BANDHAN Balanced Advantage Fund - Direct Plan - GrowthBandhan Mutual Fund₹29.3180—————
BANK OF INDIA BALANCED ADVANTAGE FUND - Direct Plan - GrowthBank of India Mutual Fund₹27.8257—————
Baroda BNP Paribas Balanced Advantage Fund - Direct Plan - Growth OptionBaroda BNP Paribas Mutual Fund₹27.6047—————
Canara Robeco Balanced Advantage Fund - Direct Plan - Growth OptionCanara Robeco Mutual Fund₹10.3500—————
DSP Dynamic Asset Allocation Fund - Direct Plan - GrowthDSP Mutual Fund₹32.8670—————
Edelweiss Balanced Advantage Fund - Direct Plan - GrowthEdelweiss Mutual Fund₹60.1000—————
Franklin India Balanced Advantage Fund - Direct Plan - GrowthFranklin Templeton Mutual Fund₹14.9259—————
HDFC Balanced Advantage Fund - Direct Plan - Growth OptionHDFC Mutual Fund₹553.2880—————
Helios Balanced Advantage Fund - Direct Plan - GrowthHelios Mutual Fund₹11.7200—————
HSBC Balanced Advantage Fund - Direct Plan - GrowthHSBC Mutual Fund₹51.2183—————
ICICI Prudential Balanced Advantage Fund - Direct Plan - GrowthICICI Prudential Mutual Fund₹86.3700—————
Invesco India Balanced Advantage Fund - Direct Plan - GrowthInvesco Mutual Fund₹63.1000—————
ITI Balanced Advantage Fund - Direct Plan - Growth OptionITI Mutual Fund₹15.9001—————
JioBlackRock Balanced Advantage Fund - Direct Plan - Growth OptionJio BlackRock Mutual Fund₹10.1486—————
Kotak Balanced Advantage Fund - Direct Plan - Growth OptionKotak Mahindra Mutual Fund₹22.6200—————
LIC MF Balanced Advantage Fund - Direct Plan - GrowthLIC Mutual Fund₹14.5142—————
Mahindra Manulife Balanced Advantage Fund - Direct Plan - GrowthMahindra Manulife Mutual Fund₹15.7608—————
Mirae Asset Balanced Advantage Fund - Direct Plan - GrowthMirae Asset Mutual Fund₹15.2870—————
Motilal Oswal Balanced Advantage Fund - Direct Plan - GrowthMotilal Oswal Mutual Fund₹21.7606—————
Nippon India Balanced Advantage Fund - Direct Plan - Growth OptionNippon India Mutual Fund₹205.9260—————
NJ Balanced Advantage Fund - Direct Plan - Growth OptionNJ Mutual Fund₹14.2300—————
Parag Parikh Dynamic Asset Allocation Fund - Direct Plan - GrowthPPFAS Mutual Fund₹11.7209—————
PGIM India Balanced Advantage Fund - Direct Plan - Direct GrowthPGIM India Mutual Fund₹16.1200—————
quant Dynamic Asset Allocation Fund - Direct Plan - Growth Optionquant Mutual Fund₹16.7417—————
Samco Dynamic Asset Allocation Fund - Direct Plan - GrowthSamco Mutual Fund₹10.4200—————
SBI Balanced Advantage Fund - Direct Plan - GrowthSBI Mutual Fund₹16.2005—————
Shriram Balanced Advantage Fund - Direct Plan - GrowthShriram Mutual Fund₹18.4854—————
Sundaram Dynamic Asset Allocation Fund (Formerly Known as Sundaram Balanced Advantage Fund) - Direct Plan - GROWTHSundaram Mutual Fund₹40.5881—————
Tata Balanced Advantage Fund - Direct Plan - Growth OptionTata Mutual Fund₹22.6338—————
The Wealth Company Balanced Advantage Fund - Direct Plan - GrowthThe Wealth Company Mutual Fund₹9.6418—————
UNIFI DYNAMIC ASSET ALLOCATION FUND - Direct Plan - GROWTHUnifi Mutual Fund₹11.3765—————
Union Balanced Advantage Fund - Direct Plan - Growth OptionUnion Mutual Fund₹21.9700—————
UTI - Unit Linked Insurance Plan - Direct Plan - GrowthUTI Mutual Fund₹46.0819—————
UTI Balanced Advantage Fund - Direct Plan - GrowthUTI Mutual Fund₹12.8809—————
WhiteOak Capital Balanced Advantage Fund - Direct Plan - Growth OptionWhiteOak Capital Mutual Fund₹15.3680—————

Sorted by 3-year return; tap a heading to sort. Sorting by past returns is a way to explore data, not a ranking of which fund to choose. 3Y and 5Y are yearly (CAGR).

Scheme details

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 and derivatives. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
Fund managers
Harshad Borawake, Basant Bafna
Fund house
Mirae Asset Mutual Fund
Category
Balanced Advantage Funds · Hybrid
Plan / option
Direct · Growth
AMFI scheme code
150470
ISIN
INF769K01IN6
Scheme documents
SID, KIM and factsheets (fund house website) · exit load and full portfolio are in these documents.

About Balanced Advantage Funds

Balanced Advantage Funds change their equity and debt mix dynamically, often using market valuations, to manage risk.

Generally used by investors who want the fund to manage the equity–debt balance for them.

Other plans of this scheme

Questions about this scheme

What is the NAV of Mirae Asset Balanced Advantage Fund today?
The latest NAV of Mirae Asset Balanced Advantage Fund - Direct Plan - Growth is ₹15.2870 as on 16 Oct 2026, as published by AMFI. NAVs are updated every business day evening.
What returns has Mirae Asset Balanced Advantage Fund given?
As on 16 Oct 2026: 1 year +2.18%, 3 years +9.85% a year. Past returns may or may not be sustained in future.
What is the expense ratio of Mirae Asset Balanced Advantage Fund?
The expense ratio of the Direct plan is 0.95% (as of Aug 2026). It is already deducted in the NAV.
How risky is this fund?
Its riskometer level is Moderately High Risk. Over 3 years its volatility was 7.6% a year and its biggest fall from a peak was 7.5%. Mutual fund investments are subject to market risks.
What is the difference between Direct and Regular plans?
Both plans hold the same portfolio. A Direct plan is bought straight from the fund house and has a lower expense ratio. A Regular plan is bought through a distributor, who is paid a commission from the expense ratio, so its NAV grows slightly slower.
What are Balanced Advantage Funds?
Balanced Advantage Funds change their equity and debt mix dynamically, often using market valuations, to manage risk.
Important. NAVs are from AMFI and mfapi.in; benchmark closes from Yahoo Finance; expense ratio, fund size and managers from published scheme data (Kuvera). Figures may be delayed; confirm with the fund house before transacting. Ranks and quartiles are positions by past return and are not a rating or recommendation. Mutual fund investments are subject to market risks; read all scheme-related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934) and earns commission from fund houses on Regular plans (see Disclosures).
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