Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Multi Asset Allocation Fund

Holds 143 companies worth ₹2,410 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹3,607 CrMirae Asset Multi Asset Allocation Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 2.3% on Aug 2026, ₹3,691 Cr.

  • Largest holding

    ICICI BankICICI Bank is 4.3% of this scheme's NAV.

  • Fund manager

    Harshad BorawakeRuns it since 31 Jan 2024, as the fund house dates it. With Ritesh Patel (fund manager), Siddharth Srivastava (fund manager), Basant Bafna (fund manager).

Overview(31 Aug 2026)

Fund managers4

  1. Harshad BorawakeFund manager · Jan 2024 · 22y · MBA B.E.
  2. Ritesh PatelFund manager · Jan 2024 · 14y
  3. Siddharth SrivastavaFund manager · Jan 2024 · 16y · MBA B.Tech
  4. Basant BafnaFund manager · Feb 2025 · 15y · CFA FRM CS MBA B.Com
  1. Amit ModaniJan 2024 – Feb 2025

Key facts

Benchmark
65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver
Risk
Very High
Expense
Regular 2.15% · Direct 0.64%
Exit load
1% within 6 months
Started
31 Jan 2024
Minimum
₹5,000

Source.Its Scheme Summary Document as of 31 Aug 2026 at AMFI.

What changed(20 changes)

Jul 2026

1 change
  1. Expense ratio
    29 JulRegular 1.88% → 2.15%Direct 0.34% → 0.64%

Mar 2026

1 change
  1. Expense ratio
    20 MarRegular 1.86% → 1.88%Direct 0.3% → 0.34%

Feb 2026

1 change
  1. Expense ratio
    23 FebRegular 1.87% → 1.86%Direct 0.31% → 0.3%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jan 2024 – now)

  1. Harshad Borawake
  2. Ritesh Patel
  3. Siddharth Srivastava
  4. Basant Bafna
  5. Amit Modani
MainCoSlice20252026
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 – Aug 2026)

Every change to the expense ratio, newest first.
17 changesRegularDirectΔ pt
29 Jul 20262.15%0.64%0.30
20 Mar 20261.88%0.34%0.04
23 Feb 20261.86%0.30%0.01
29 Jan 20261.87%0.31%0.07
30 Nov 20251.92%0.38%0.05
22 Sept 20251.95%0.43%0
17 Jul 20251.97%0.43%0
24 Jun 20251.98%0.43%0.02
21 Apr 20251.99%0.41%0.03
19 Mar 20252.00%0.44%0.06
27 Feb 20252.01%0.38%0.03
17 Jan 20252.01%0.41%0.08
1 Jan 20252.01%0.49%0.04
19 Nov 20242.01%0.45%0.01
17 Oct 20242.02%0.44%0.03
17 Sept 20242.02%0.41%0
21 Aug 20242.03%0.41%–
Direct plan, 29 Jul 2026
0.64%
Regular plan 2.15% · 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(31 Aug 2026)

Objective

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in equity securities, Debt Instruments and Commodities. There is no assurance that the investment objective of the Scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open-ended scheme investing in Equity, Debt and Commodities
Benchmark
65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver

Asset allocation it may hold% of NAV

  1. Equity and equity related instruments
    Allowed65–80%Holds66.8%
  2. HighCommodity ETFs, Exchange Traded Commodity Derivatives (ETCDs) & any other mode of investment in commodities as permitted by SEBI from time to time
    Allowed10–25%
  3. Medium to High Debt securities (including securitized debt & debt derivatives), money market instruments (including Triparty REPO, Reverse Repo and equivalent)
    Allowed10–25%Holds33.2%
  4. Medium to High Units issued by InvITs and units of mutual Funds
    Allowed0–10%

Holds in Sept 2026.66.8% equity · 33.2% debt and cash

How to invest(31 Aug 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 - Except 29,30 and 31 all dates SWP - 1, 10, 15, 21 and 28 STP - Daily, Weekly only Wednesday, Fortnightly - alternate Wednesday, Monthly
Minimum
₹1,000, 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(31 Aug 2026)

What it is

Category
Multi Asset Allocation Fund
Offer
10 Jan 2024 to 24 Jan 2024
Started
31 Jan 2024
Reopened
1 Feb 2024
Plans
Direct Plan Growth · Direct Plan IDCW - Payout · Direct PlanIDCW - Reinvestment · Regular Plan Growth · Regular PlanIDCW - Payout · Regular PlanIDCW - Reinvestment
Face value
₹10
Listed
No

How it is run

Side-pocketing
.
Custodian
SBI – SG Securities Services Pvt. Ltd., Mumbai
Auditor
M/s.Chokshi & Chokshi, Chartered Accountants
Registrar
KFIN Technologies Limited
SEBI code
MIRA/O/H/MAA/23/12/0059