Mirae Asset Multi Asset Allocation Fund
The fund maintains a defensive yet growth-oriented posture with nearly 72% equity exposure, heavily tilted toward banking and precious metals as portfolio anchors. The recent shift into power and metals stocks alongside reduced gold weighting suggests the manager is rotating toward infrastructure plays while retaining commodity hedges, signaling cautious optimism on India's capex cycle. The concentrated top-10 holding of 39% alongside 154 total positions indicates a barbell strategy—large bets on quality blue-chips paired with diversified mid-cap exploration across sectors.
Portfolio analysis · April 2026
NAV & Returns
| Plan | NAV | 1M | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| Direct Growth | ₹13.7550 | — | — | — | — | — | — |
| Regular Growth | ₹13.2670 | +0.91% | -1.46% | +2.90% | +12.62% | — | — |
| Direct IDCW | ₹13.7540 | — | — | — | — | — | — |
| Regular IDCW | ₹13.2600 | — | — | — | — | — | — |
Portfolio Metrics(latest month)
What Changed2026-03-31 → 2026-04-30
| Stock | Weight |
|---|---|
| Eris Lifesciences Ltd. | 0.33% |
| Talwandi Sabo Power Ltd. A** | 0.11% |
| Malco Energy Ltd. A** | 0.11% |
| Vedanta Aluminium Metal Ltd. A** | 0.11% |
| Vedanta Iron and Steel Ltd. A** | 0.11% |
| Lupin Ltd. | 0.04% |
| Motilal Oswal Financial Services Ltd. | 0.04% |
| 7.17% Mindspace Business Parks Reit (MD 05/03/2029) | 0.44% |
Full Holdings
| # | Holding | % to NAV |
|---|---|---|
| 1 | Mirae Asset Gold ETF INF769K01JP9 | 11.39% |
| 2 | HDFC Bank Ltd. INE040A01034 | 5.07% |
| 3 | TREPS | 4.98% |
| 4 | ICICI Bank Ltd. INE090A01021 | 4.06% |
| 5 | State Bank of India INE062A01020 | 2.89% |
| 6 | Bharti Airtel Ltd. INE397D01024 | 2.74% |
| 7 | Reliance Industries Ltd. INE002A01018 | 2.59% |
| 8 | 6.79% Government of India (MD 07/10/2034) IN0020240126 | 2.04% |
| 9 | Larsen & Toubro Ltd. INE018A01030 | 1.82% |
| 10 | Axis Bank Ltd. INE238A01034 | 1.60% |
| 11 | 7.45% Torrent Pharmaceuticals Ltd. (MD 19/01/2028)** INE685A07132 | 1.48% |
| 12 | Eternal Ltd. INE758T01015 | 1.45% |
| 13 | Shriram Finance Ltd. INE721A01047 | 1.36% |
| 14 | NTPC Ltd. INE733E01010 | 1.33% |
| 15 | Mahindra & Mahindra Ltd. INE101A01026 | 1.26% |
| 16 | Mirae Asset Silver ETF INF769K01KG6 | 1.20% |
| 17 | Bajaj Finance Ltd. INE296A01032 | 1.16% |
| 18 | SBI Life Insurance Co. Ltd. INE123W01016 | 1.06% |
| 19 | JSW Energy Ltd. INE121E01018 | 1.05% |
| 20 | Infosys Ltd. INE009A01021 | 1.03% |
Sector Allocation
Top 10 sectors by % to NAV. Excludes derivatives.