Mirae Asset Balanced Advantage Fund
Mirae Asset Mutual Fund·Dynamic Asset Allocation Fund·vs CRISIL Hybrid 50+50
The fund has shifted decisively toward equities at 75.7%, signaling conviction in market strength while maintaining defensive anchors in sovereign bonds and high-quality debt. Banking dominance and the introduction of cyclical plays like steel and power suggest the manager is betting on economic recovery and infrastructure momentum. Recent portfolio trimming of NABARD and exit from defensive consumer stocks indicate a tactical pivot away from safety toward growth-oriented positioning.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Regular Growth | ₹14.2040 | -0.03% | -2.32% | -1.81% | +2.87% | +10.70% | — |
Returns above 1Y are CAGR. Direct plan rows highlighted. NAV from AMFI.
Portfolio Metrics(latest month)
Holdings
139
Top 5 Weight
18.07%
Top 10 Weight
28.57%
Active Share
—
Large Cap
49.79%
Gini
0.491
What Changed2026-03-31 → 2026-04-30
Holdings: 139 → 141+8 added−6 removed22 weight shifts ≥ 0.1%
| Stock | Weight |
|---|---|
| Eris Lifesciences Ltd. | 0.32% |
| Vedanta Iron and Steel Ltd. A** | 0.13% |
| Malco Energy Ltd. A** | 0.13% |
| Vedanta Aluminium Metal Ltd. A** | 0.13% |
| Talwandi Sabo Power Ltd. A** | 0.13% |
| 7.94% Cholamandalam Investment & Finance Co. Ltd. (MD 20/03/2029) | 2.36% |
| 8.60% Manappuram Finance Ltd. (MD 24/03/2028) | 1.21% |
| 7.43% Small Industries Development Bank of India (MD 31/08/2026)** | 0.24% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | HDFC Bank Ltd. INE040A01034 | 5.22% |
| 2 | TREPS | 3.50% |
| 3 | 7.18% Government of India (MD 14/08/2033) IN0020230085 | 3.43% |
| 4 | ICICI Bank Ltd. INE090A01021 | 3.33% |
| 5 | Bharti Airtel Ltd. INE397D01024 | 3.09% |
| 6 | State Bank of India INE062A01020 | 3.00% |
| 7 | Reliance Industries Ltd. INE002A01018 | 2.84% |
| 8 | 7.94% Cholamandalam Investment & Finance Co. Ltd. (MD 20/03/2029) INE121A07SS7 | 2.36% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 1.87% |
| 10 | Mahindra & Mahindra Ltd. INE101A01026 | 1.75% |
| 11 | 7.10% Government of India (MD 08/04/2034) IN0020240019 | 1.67% |
| 12 | 6.79% Government of India (MD 07/10/2034) IN0020240126 | 1.56% |
| 13 | Axis Bank Ltd. INE238A01034 | 1.54% |
| 14 | SBI Life Insurance Co. Ltd. INE123W01016 | 1.41% |
| 15 | Tata Steel Ltd. INE081A01020 | 1.36% |
| 16 | NTPC Ltd. INE733E01010 | 1.25% |
| 17 | 8.75% Piramal Finance Ltd. (MD 29/10/2027)** INE202B07JW4 | 1.21% |
| 18 | 8.60% Manappuram Finance Ltd. (MD 24/03/2028) INE522D07CK1 | 1.21% |
| 19 | Shriram Finance Ltd. INE721A01047 | 1.21% |
| 20 | 7.45% Sundaram Finance Ltd. (MD 16/03/2029)** INE660A07SD6 | 1.20% |
Sector Allocation
Banks15.6%
Sovereign9.9%
[ICRA]AA+5.7%
Pharmaceuticals & Biotechnology5.4%
CRISIL AAA5.3%
Automobiles5.0%
Telecom - Services3.5%
Petroleum Products3.2%
Finance2.9%
Consumer Durables2.8%
Top 10 sectors by % to NAV. Excludes derivatives.