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 | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|
| Direct Growth | ₹13.8460 | — | — | — | — |
| Regular Growth | ₹13.3530 | +0.17% | +12.64% | — | — |
| Direct IDCW | ₹13.8440 | — | — | — | — |
| Regular IDCW | ₹13.3470 | — | — | — | — |
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. | 0.33% |
| 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.
Frequently Asked Questions
How many stocks does Mirae Asset Multi Asset Allocation Fund hold?
Mirae Asset Multi Asset Allocation Fund holds 152 stocks as per the latest AMFI portfolio disclosure. The top 5 positions account for 26.15% of NAV.
What is the largest holding in Mirae Asset Multi Asset Allocation Fund?
The largest position in Mirae Asset Multi Asset Allocation Fund is Mirae Asset Gold ETF, accounting for 11.39% of NAV.
Is Mirae Asset Multi Asset Allocation Fund a concentrated or diversified fund?
With a Gini coefficient of 0.566, Mirae Asset Multi Asset Allocation Fund is moderately concentrated. The HHI concentration index is 24,535 bps, which is above the 2500 bps threshold for high concentration. The top 5 holdings together make up 26.15% of the portfolio.
What is the market cap allocation of Mirae Asset Multi Asset Allocation Fund?
Based on SEBI's AMFI classification, Mirae Asset Multi Asset Allocation Fund's equity portfolio is split as: Large Cap: 48.38%, Mid Cap: 7.70%, Small Cap: 9.57%. This reflects the fund's positioning within the market cap spectrum.
Which sectors does Mirae Asset Multi Asset Allocation Fund invest in most?
Mirae Asset Multi Asset Allocation Fund has the highest allocation to Banks (16.07%), Pharmaceuticals & Biotechnology (4.33%), CRISIL AAA (4.28%). The fund is invested across 43 sectors in total.
How actively managed is Mirae Asset Multi Asset Allocation Fund compared to other Multi Asset Allocation funds?
Mirae Asset Multi Asset Allocation Fund has an Active Share of 56.68%, classifying it as "Active Stock Picker" among 32 Multi Asset Allocation peers. This indicates a moderate level of differentiation from category peers.
What changed in Mirae Asset Multi Asset Allocation Fund's portfolio in the latest month?
Between 2026-03-31 and 2026-04-30, Mirae Asset Multi Asset Allocation Fund added 8 new stocks (including Eris Lifesciences Ltd.) and exited 5 stocks (including Coal India Ltd.). Total holding count increased from 151 to 154 stocks.