Mirae Asset Hybrid Equity Fund Review

For those who can’t take high risks by allocating all their capital to “Equity”, can consider “Hybrid Equity Funds” as they stabilises both equity and debt component proportionately.

Generally Hybrid Funds carries 65% Equity and 35% Debt which manages risk to certain extent. There are few “Aggressive Hybrid Funds” in the market while we are discussing about “Mirae Asset Hybrid Equity Fund”

Mirae Asset Hybrid Equity Fund Details

  • Launch Date-2015, July 29th(Both Regular Plan and Direct Plan)
  • Returns since launch-13.88%(Regular Plan),15.78%(Direct Plan)
  • Assets under Management-6,109 crore
  • Benchmark- Crisil Hybrid 35+65 Aggressive Index
  • Expense Ratio-1.80%(Regular Plan),0.38%(Direct Plan)
  • Turnover Ratio-76%
  • Fund Manger(s)-Mahendra Kumar Jajoo(Since 2016, september 8th),Vrijesh Kasera(Since April 1st,2020), Harshad Borawake(Since 2020, April 1st)

Investment Details

  • Minimum Lumpsum investment-5,000 Rupees
  • Minimum sip installment-1,000 Rupees
  • Minimum Additional investment-1,000 Rupees
  • Lock-in- Not Applicable
  • Exit Load- 1% if redeemed within 1 year from the date of allotment of units

Mirae Asset Hybrid Equity Fund Performance Over Benchmark

Year To Date1 Day1 Week1 Month3 Months6 Months1Year3 Year5 Year
Benchmark Returns26.98-0.41-0.773.0714.5324.3545.6419.9015.55
Mirae Asset Hybrid Equity-Regular Plan Performance
26.14
-0.29-0.892.519.8722.1341.9719.0714.62
Mirae Asset Hybrid Equity-Direct Plan Performance
27.61
-0.29-0.872.6310.2723.0244.0420.9316.50
As on October 21,2021

From the above performance chart, we can conclude Mirae asset Hybrid Equity Fund “Outperforms” its benchmark in the long run. But there is a slight underperformance in short-term, but we can ignore short term underperformance as mutual funds are to be evaluated on the long term performance basis.

If you have any concerns on this fund, consult your financial advisor and decide whether to invest in this scheme or not!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: