Mirae Asset Multi Asset Allocation Fund

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 Multi Asset Allocation Fund Growth mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

Mirae Asset Multi Asset Allc Reg Gr is an equity flexi-cap fund which captures India's diversified ₹200 trillion economy through multi-asset allocation, deploying capital across financials, industrials, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Resilient Downside Protection

The fund's multi-asset allocation strategy has delivered consistent downside protection, outperforming its benchmark in 10 of the past 12 years.

Dynamic Sector Rotation

The fund's active sector rotation, with overweights in financials and consumer cyclicals, capitalizes on India's structural growth drivers and policy catalysts.

Balanced Risk Profile

With a moderate volatility of 10.7% and a Sharpe ratio of 0.53, the fund offers a balanced risk-return profile suitable for core portfolio allocations.

Performance and Risk Analysis

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

Fund Performance

0.0% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Mirae Asset Multi Asset Allocation Fund

Benchmark Index

Benchmark Performance Comparison

Mirae Asset Multi Asset Allocation Fund

NIFTY 50 + FD Returns

Risk Profile

Standard Deviation10.9%

Sharpe Ratio0.76

Detailed Risks

Market Risk

Potential recession in India driven by slowing global growth could undermine fund's equity exposure; mitigated by multi-asset allocation.

Liquidity Risk

High mid-cap allocation could face liquidity stress during volatility spikes, impacting rebalancing; partially offset by large-cap weighting.

Concentration Risk

Concentrated sector bets like IT services face headwinds from slowing corporate spending; diversification across asset classes limits downside.

Specific Strategy Risk

Regulatory changes to India's multi-asset allocation rules could disrupt strategy execution; rigorous policy monitoring part of research process.

Strategy Details

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

Core Investment Theme

Delivers a diversified multi-asset portfolio designed to navigate varying market conditions. By dynamically allocating across equities, bonds, and cash, this approach aims to capture upside potential while mitigating downside risk. The flexibility to adjust exposures allows for opportunistic positioning as the investment landscape evolves.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent correction, with consumption and earnings normalization supporting an attractive entry point. Sectors like consumer, financials and industrials stand to benefit from domestic demand revival and capex growth, though risks like margin pressures remain.

Why This Strategy is Attractive Now

This strategy seems well-positioned for the current environment with exposure across consumer cyclicals/defensives, financials and technology. The portfolio's ~70 holdings provide diversification, including market leaders, while a moderate beta suggests risk-adjusted participation in the recovery. The balanced approach could allow for growth and stability.

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 relative to their long-term potential.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can provide exposure to companies with resilient business models, pricing power, and the ability to compound earnings through cycles.

High-Level Investment Process

Sourcing: The strategy appears to focus on companies with sustainable competitive advantages, strong balance sheets, and attractive growth runways, sourced through rigorous fundamental research and industry expertise. Selection: The selection process suggests a preference for businesses with durable pricing power, high returns on capital, and the ability to reinvest cash flows at attractive rates, while maintaining valuation discipline. Construction: Portfolio construction is consistent with a focus on diversification across sectors and market capitalizations, while limiting exposure to higher-risk or speculative areas of the market.

Portfolio Holdings Overview

SectoralAllocation

Energy & Infra7.01%

Services13.46%

Financial Services33.56%

Capital Goods16.13%

Consumers17.9%

Technology7.05%

Utilities4.89%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Mirae Asset Gold ETFUtilities13.19%

Cash Offset For DerivativesUtilities11.20%

HDFC Bank LtdFinancial Services4.93%

ICICI Bank LtdFinancial Services3.98%

TrepsUtilities2.95%

Bharti Airtel LtdServices2.81%

State Bank of IndiaFinancial Services2.77%

Reliance Industries LtdEnergy & Infra2.47%

6.79% Govt Stock 2034Utilities2.21%

Torrent Pharmaceuticals LtdUtilities1.61%

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.

66 years

Combined Team Experience

₹ 10,507 Cr

Assets Under Management

Siddharth Srivastava

Co-Portfolio Manager

Mr. Siddharth Srivastava has experience of 15 years. Manages 20 funds at Mirae Asset Investment Managers (India) Private Limited with an AUM of approximately ₹2,627 Cr Holds a B.Tech degree.

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

Ritesh Patel

Co-Portfolio Manager

Mr. Ritesh Patel has experience of 13 years. Manages 85 funds at Mirae Asset Investment Managers (India) Private Limited with an AUM of approximately ₹2,627 Cr Holds a BFM degree.

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

Risk management is embedded in the investment process through diversification.

Long-Term Perspective

The fund house adopts a long-term perspective in capital allocation.

Operational & Regulatory Details

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

Costs and Fees

Total Expense Ratio (TER)1.64%

Exit Load1

Regulatory & Tax Information

INF769K01KW3

ISIN

DailyDealing Frequency

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

STCG | <1Year 20%%

Tax Implications (India)