Mirae Asset Balanced Advantage Fund
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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Regular Growth | ₹14.2980 | -0.54% | +2.75% | +10.86% | — |
Portfolio Metrics(latest month)
vs Category Peers
Active Stock PickerActive Share = ½Σ|wfund − wpeer|, computed using leave-one-out peer portfolio within SEBI category.
Similar Funds in Category
What Changed2026-03-31 → 2026-04-30
| 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
Top 10 sectors by % to NAV. Excludes derivatives.
Frequently Asked Questions
How many stocks does Mirae Asset Balanced Advantage Fund hold?
Mirae Asset Balanced Advantage Fund holds 139 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 18.07% of NAV.
What is the largest holding in Mirae Asset Balanced Advantage Fund?
The largest position in Mirae Asset Balanced Advantage Fund is HDFC Bank Ltd., accounting for 5.22% of NAV in the Banks sector.
Is Mirae Asset Balanced Advantage Fund a concentrated or diversified fund?
With a Gini coefficient of 0.491, Mirae Asset Balanced Advantage Fund is moderately concentrated. The HHI concentration index is 14,439 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 18.07% of the portfolio.
What is the market cap allocation of Mirae Asset Balanced Advantage Fund?
Based on SEBI's AMFI classification, Mirae Asset Balanced Advantage Fund's equity portfolio is split as: Large Cap: 49.79%, Mid Cap: 7.58%, Small Cap: 9.03%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Balanced Advantage Fund invest in most?
Mirae Asset Balanced Advantage Fund has the highest allocation to Banks (15.55%), Sovereign (9.93%), [ICRA]AA+ (5.72%). The fund is invested across 43 sectors in total.
How actively managed is Mirae Asset Balanced Advantage Fund compared to other Dynamic Asset Allocation Fund funds?
Mirae Asset Balanced Advantage Fund has an Active Share of 51.87%, classifying it as "Active Stock Picker" among 35 Dynamic Asset Allocation Fund peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset Balanced Advantage Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Balanced Advantage Fund added 8 new stocks (including Eris Lifesciences Ltd.) and exited 6 stocks (including Coal India Ltd.). Total holding count increased from 139 to 141 stocks.