Mirae Asset Aggressive Hybrid Fund

All Cap

Diversified

Hybrid

India Multi Asset

Others

Aggressive growth Investor Profile

Investor Profile

4–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Mirae Asset Aggressive Hybrid Fund Growth mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

Mirae Asset Aggressive Hybrid Fund is an equity flexi-cap fund which captures India's ₹30 trillion consumption and financialization opportunity through a multi-cap portfolio construction approach, deploying capital across financials, consumer cyclicals, and industrials to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

Mirae Asset Aggressive Hybrid Reg Gr has delivered benchmark-beating returns across multiple cycles, outperforming its category index and peers over 3, 5, and 10-year periods.

Differentiated Equity Positioning

The fund's equity allocation exhibits a bias towards large-cap technology and financial services stocks, complemented by select mid-cap industrial and consumer cyclical exposures.

Macro Tailwinds Intact

Key portfolio tailwinds remain in place, including a supportive policy backdrop, an uptick in corporate capex, and positive earnings revision momentum across cyclical sectors.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

2.1% AnnuallyAlpha

+10.8% vs +9.9% benchmarkSince Inception

+9.8% vs +6.3% benchmark3Y Annualized

+8.8% vs +6.5% benchmark5Y Annualized

Mirae Asset Aggressive Hybrid Fund

Benchmark Index

Benchmark Performance Comparison

Mirae Asset Hybrid - Equity Fund

NIFTY 50 + FD Returns

Risk Profile

Standard Deviation11.7%

Maximum Drawdown-13.0% | Oct 2024

Sharpe Ratio-0.35

Beta1.10

Upside Capture109%

Detailed Risks

Market Risk

Potential recession driven by high inflation could dampen consumer demand, impacting fund's equity exposure; mitigated by diversification across sectors.

Liquidity Risk

Elevated volatility or redemptions could strain liquidity for mid-cap holdings; mitigated by large-cap bias and cash buffers.

Concentration Risk

Concentrated exposure to Indian consumer discretionary sector faces regulatory risks around data privacy rules; diversification across sectors limits downside.

Specific Strategy Risk

Aggressive allocation strategy vulnerable to underperformance if equity markets correct; risk monitoring and rebalancing processes in place.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Delivers dynamic asset allocation across equities and fixed income to capture upside potential while mitigating downside risk. By actively adjusting exposures based on market conditions, this strategy aims to generate consistent returns with lower volatility than pure equity investing.

Broader Market View

Market Outlook

With equity markets appearing to normalize after the recent correction, the present environment offers an attractive entry point as consumption and earnings recover. Macro tailwinds such as capex revival and credit growth bode well for sectors like consumer, financials and industrials, though risks like margin pressure persist.

Why This Strategy is Attractive Now

This strategy appears well-positioned, with exposure to consumer cyclicals, financials and technology. The portfolio's ~70 holdings include market leaders across autos, retail, banking and IT. Its balance of growth and stability, coupled with moderate beta and diversification, aligns it with the current market dynamics.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations across a mix of large and mid-cap market segments.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach balancing secular growth exposure with valuation discipline could offer an attractive risk/reward profile for long-term investors.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas through a combination of quantitative screening and fundamental bottom-up research, seeking companies with sustainable competitive advantages, pricing power, and visible earnings growth trajectories. Selection: The selection process suggests a preference for businesses with leadership positions, strong balance sheets, high returns on capital, and reasonable valuations relative to growth prospects. Construction: Portfolio construction is consistent with a multi-cap core approach, emphasizing risk management through diversification across sectors and market capitalizations while allowing high-conviction overweights in select holdings.

Portfolio Holdings Overview

SectoralAllocation

Energy & Infra6.8%

Consumers16.17%

Financial Services33.95%

Capital Goods18.42%

Utilities5.13%

Services12.72%

Technology6.82%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

HDFC Bank LtdFinancial Services6.44%

ICICI Bank LtdFinancial Services4.60%

State Bank of IndiaFinancial Services4.38%

Reliance Industries LtdEnergy & Infra3.46%

Bharti Airtel LtdServices3.22%

Axis Bank LtdFinancial Services2.61%

Larsen & Toubro LtdCapital Goods2.44%

NTPC LtdUtilities2.26%

Infosys LtdTechnology1.94%

Torrent Pharmaceuticals LtdUtilities1.89%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Harshad Borawake

Mr. Harshad Borawake has experience of 22 years. Manages 24 funds at Mirae Asset Investment Managers (India) Private Limited with an AUM of approximately ₹2,627 Cr Holds a B.E. degree.

56 years

Combined Team Experience

₹ 5,253 Cr

Assets Under Management

Basant Bafna

Co-Portfolio Manager

Mr. Basant Bafna has experience of 15 years. Manages 67 funds at Mirae Asset Investment Managers (India) Private Limited with an AUM of approximately ₹2,627 Cr

CW Expert Take

Mirae Asset brings global investment expertise to Indian markets. Their strength lies in thematic research and identifying structural growth trends early. The fund house combines quantitative frameworks with fundamental analysis, creating disciplined yet opportunistic strategies across market caps and asset classes.

Firm Overview

Total AUM₹2,17,680.38 Cr

Investment Philosophy & Approach

Disciplined Approach

Mirae Asset follows a disciplined investment approach focused on rigorous research.

Risk Management

The fund house emphasizes robust risk management practices and processes.

Long-Term Perspective

Mirae Asset maintains a long-term perspective in portfolio construction.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.73%

Exit Load1

Regulatory & Tax Information

INF769K01DE6

ISIN

DailyDealing Frequency

CRISIL Hybrid 35+65 - Agg TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)