HealthyDirect · GrowthFit for a long SIP
Mirae Asset Balanced Advantage Fund
Mirae Asset Mutual FundHybrid Schemes - Balanced Advantage Fund/ Dynamic Asset Allocation4.2 years
The scheme seeks 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.
- NAV
- 15.203
- 30 Oct 2026
- 1Y
- +0.7%
- Trailing CAGR
- AUM
- ₹2,169.2 Cr
- 31 Aug 2026
- Volatility
- Low
- 7.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 30 Oct 2026
Stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
In three lines
Fits if · The fund beat the category median in 72% of rolling 3-year windows.
Fits if · Three-year return is above the category median.
Buy checklist
History depth
Watch
4.2 years - usable, still building a track record.
Engine status
Pass
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Expense ratio
Pass
0.98% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -7.5%. Ask whether you can hold through a similar fall.
Vs category
Pass
72% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Watch
Basant Bafna · 0.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Pass
Top 10 holdings ≈ 40.8% of the portfolio.
Evidence supports a shortlist - confirm with peers before you buy elsewhere.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 8%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
If you start a SIP here, diary a 90-day check and an annual review - don’t react to every NAV print.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+0.7%
- 3Y+10.1%
- 5Yn/a
- 10Yn/a
- SI+10.4%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+0.7%
- 3Y+5.5%
- 5Yn/a
- 10Yn/a
- Since inception
- +10.4%
- Calendar-day CAGR
- Excess 1Y
- +2.9%
- Category median, same plan and option
- 3Y win rate
- +72%
- Windows beating the median
- 3Y percentile
- 64
- Vs comparable share classes
- SIP 3Y XIRR
- +5.5%
- Simulated monthly SIP
- Worst rolling 3Y
- +9.4%
- 300 daily-ending windows
- Median rolling 3Y
- +13.4%
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -7.5%
- Worst peak-to-trough
- Current
- -3.0%
- Below last peak
- Current spell
- 81 days
- Days below latest peak
- Time below peak
- +80%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 7 days
- 82 recovered episodes
- Longest recovery
- 94 days
- Trough to prior peak
26 Sept 2024 – 12 May 2025
Trough 28 Feb 2025 · recovered in 73 days
-7.5%
11 Feb 2026 – 2 Jul 2026
Trough 30 Mar 2026 · recovered in 94 days
-7.1%
10 Aug 2026 – open
Trough 23 Oct 2026 · not recovered
-4.8%
1 Dec 2022 – 28 Apr 2023
Trough 28 Mar 2023 · recovered in 31 days
-4.2%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
64
Vs category
68
Consistency
68
Risk-adjusted
57
Drawdown
81
Mean
67
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Healthy
Buying stance
Fit for a long SIP
Evidence supports keeping this on a shortlist for a multi-year equity SIP.
Why this status
- No material deterioration, cost shock, or persistent category underperformance in the current evidence set.
Supporting reads
- The fund beat the category median in 72% of rolling 3-year windows.
- Three-year return is above the category median.
- Risk-adjusted return sits above the documented risk-free proxy.
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
31 Aug 2026 · 129 holdings · top 10 are 40.8%.
- Top 5
- 27.7%
- Top 10
- 40.8%
- Largest holding
- 12.5%
- Effective holdings
- 31.8
Net Receivables
Unspecified
12.5%
HDFC Bank Ltd
Financial
4.6%
ICICI Bank Ltd
Financial
3.8%
Repo
Unspecified
3.6%
GOI Sec 7.18 14/08/2033
Entities
3.3%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Baroda BNP Paribas Balanced Advantage Fund
Baroda BNP Paribas Mutual Fund
- 1Y
- -0.5%
- 3Y
- +11.6%
- Vol
- 10.9%
- Max DD
- -20.7%
- Sharpe
- 0.70
- 3Y win
- +99%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Mahindra Manulife Balanced Advantage Fund
Mahindra Manulife Mutual Fund
- 1Y
- -0.7%
- 3Y
- +10.9%
- Vol
- 9.5%
- Max DD
- -9.8%
- Sharpe
- 0.42
- 3Y win
- +93%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
WhiteOak Capital Balanced Advantage Fund
WhiteOak Capital Mutual Fund
- 1Y
- -0.9%
- 3Y
- +11.4%
- Vol
- 7.9%
- Max DD
- -9.6%
- Sharpe
- 0.77
- 3Y win
- +99%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Axis Balanced Advantage Fund
Axis Mutual Fund
- 1Y
- -1.9%
- 3Y
- +11.5%
- Vol
- 8.2%
- Max DD
- -17.2%
- Sharpe
- 0.47
- 3Y win
- +47%
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown · Higher TER
HSBC Balanced Advantage Fund
HSBC Mutual Fund
- 1Y
- -1.6%
- 3Y
- +9.1%
- Vol
- 6.6%
- Max DD
- -8.7%
- Sharpe
- 0.53
- 3Y win
- 0%
- Lower volatility
Caveat: Deeper drawdown · Higher TER · Lower trailing returns