Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Balanced Advantage Fund

Holds 109 companies worth ₹1,396 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹2,109 CrMirae Asset Balanced Advantage Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.8% on Aug 2026, ₹2,169 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 4.7% of this scheme's NAV.

  • Fund manager

    Harshad BorawakeRuns it since 8 Nov 2022, as the fund house dates it. With Basant Bafna (fund manager).

Overview(4 Oct 2026)

Fund managers2

  1. Harshad BorawakeFund manager, equity · Nov 2022 · 22y · MBA B.E.
  2. Basant BafnaFund manager, debt · Dec 2025 · 15y · CFA FRM CS MBA B.Com
  1. Mahendra JajooNov 2022 – Dec 2025

Key facts

Benchmark
Nifty 50 Hybrid Composite Debt 50:50 Index
Risk
Very High
Expense
Regular 2.28% · Direct 0.98%
Exit load
1% within 6 months
Started
11 Aug 2022
Minimum
₹5,000

Source.Its Scheme Summary Document as of 4 Oct 2026 at AMFI.

What changed(18 changes)

Oct 2026

1 change
  1. Expense ratio
    4 OctRegular 2.26% → 2.28%Direct 0.92% → 0.98%

Jul 2026

1 change
  1. Expense ratio
    29 JulRegular 2.04% → 2.26%Direct 0.68% → 0.92%

Mar 2026

1 change
  1. Expense ratio
    20 MarDirect 0.66% → 0.68%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Nov 2022 – now)

  1. Harshad Borawake
  2. Basant Bafna
  3. Mahendra Jajoo
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Oct 2026)

Every change to the expense ratio, newest first.
14 changesRegularDirectΔ pt
4 Oct 20262.28%0.98%0.06
29 Jul 20262.26%0.92%0.24
20 Mar 20262.04%0.68%0.02
23 Feb 20262.04%0.66%0.02
29 Jan 20262.04%0.68%0.06
22 Sept 20252.06%0.74%0.03
17 Jul 20252.06%0.71%0.02
24 Jun 20252.06%0.69%0.02
21 Apr 20252.06%0.67%0.09
19 Mar 20252.06%0.58%0.01
27 Feb 20252.06%0.59%0.09
17 Jan 20252.06%0.68%0.06
1 Jan 20252.07%0.74%0.06
21 Aug 20242.07%0.68%–
Direct plan, 4 Oct 2026
0.98%
Regular plan 2.28% · Exit load 1% within 6 months
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(4 Oct 2026)

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.

Risk, type and benchmark

Riskometer
Very High
At launch
High
Type
An open-ended dynamic asset allocation investing in debt and equity instrument only
Benchmark
Nifty 50 Hybrid Composite Debt 50:50 Index

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments
    Allowed0–100%Holds66.2%
  2. (high) Debt securities (including securitized debt), money market instruments (including Triparty REPO, Reverse Repo and equivalent)
    Allowed0–100%Holds33.8%

Holds in Sept 2026.66.2% equity · 33.8% debt and cash

How to invest(4 Oct 2026)

Buying

To start
₹5,000, then in multiples of ₹1
To add
₹1,000, then in multiples of ₹1
Most
Any Amount
Systematic
SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Dates
SIP - 1 to 28 SWP - 1, 10, 15, 21 and 28 STP - Daily, Weekly only Wednesday, Fortnightly - alternate Wednesday, Monthly and Quaterly - 1, 10, 15, 21 and 28
Minimum
₹500, then in multiples of ₹1
Instalments
5

Selling and switching

To redeem
₹1 or Any Units units
Switch minimum
₹5,000
Switch multiples
₹1
Switch most
Any Amount or Any Units units

Scheme details(4 Oct 2026)

What it is

Category
Balanced Advantage Fund /Dynamic Asset Allocation Fund
Offer
21 Jul 2022 to 3 Aug 2022
Started
11 Aug 2022
Reopened
12 Aug 2022
Plans
Direct Plan Growth · Direct Plan IDCW - Payout · Direct Plan IDCW - Reinvestment · Regular Plan - Growth · Regular Plan IDCW - Payout · Regular Plan IDCW - Reinvestment
Face value
₹10
Listed
No

How it is run

Swing pricing
No
Side-pocketing
Enabled.
Custodian
SBI – SG Securities Services Pvt. Ltd., Mumbai
Auditor
M/s. Chokshi & Chokshi, Chartered Accountant
Registrar
KFIN Technologies Limited
SEBI code
MIRA/O/H/BAF/22/05/0038