Mirae Asset Multi Asset Allocation Fund - Regular Plan - Growth
💡 Why Pick This Fund? Quantitative Strengths & Watch-outs
- Strong capital defense: downside capture of 17% limits losses during market corrections.
- Generated +5.5% annualized alpha (excess return) over its benchmark.
- Limited historical track record under 3 years; long-term cycle performance is still evolving.
Key Statistics vs Category Median
Trailing Returns Comparison
| Period | Fund Return | Category Median | Difference |
|---|---|---|---|
| 1 Month | +4.40% | +3.61% | +0.79% |
| 3 Months | +0.55% | -1.36% | +1.91% |
| 6 Months | +3.77% | +1.77% | +2.00% |
| 1 Year | +7.33% | +6.58% | +0.75% |
| Since Inception | +12.14% | - | - |
Calendar Year Returns
| Year | Fund | Category Median | Gap |
|---|---|---|---|
| 2026 | +4.03% | +2.90% | +1.13% |
| 2025 | +18.27% | +18.15% | +0.12% |
Daily Rolling Returns Summary
| Rolling Window | Minimum | Average | Median | Maximum | % Positive | % Beating Proxy |
|---|---|---|---|---|---|---|
| 1-Year Rolling | +1.10% | +12.13% | +11.60% | +25.23% | 100.0% | 99.8% |
Risk Profile & Deepest Drawdowns
Portfolio & Asset Allocation
Statutory Asset Allocation Mandate (SEBI / SID)
| Instrument Category | Permitted Allocation Range |
|---|---|
| Equity and equity related instruments*: 65% 80% HighCommodity ETFs, Exchange Traded Commodity Derivatives (ETCDs) & any other mode of investment in commodities as permitted by SEBI from time to time: 10% 25% Medium to High Debt securities (including securitized debt & debt derivatives), money market instruments (including Triparty REPO, Reverse Repo and equivalent): 10% 25% Medium to High Units issued by InvITs and units of mutual Funds: 0% 10% Low to Medium | Per Scheme Mandate |
Investment Objective & Strategy
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing in equity securities, Debt Instruments and Commodities. There is no assurance that the investment objective of the Scheme will be achieved.
ℹ️ Detailed monthly stock-level holdings for this scheme are updated periodically from asset management company statutory disclosures.
Fund Size Position
Currently managing Rs 3,779 cr (AMFI Daily Fund AUM as of 2026-11-11). Positioned as comfortable relative to Multi Asset Allocation schemes.
Fund Management
Cost & Capital Gains Taxation
From April 2026 the total expense ratio includes brokerage, transaction costs and statutory levies on top of the base fee.
Equity-oriented schemes: 20% short-term capital gains tax if sold within 12 months; 12.5% long-term capital gains tax on gains exceeding ₹1.25 lakh per financial year when held for more than 12 months.
Closest Multi Asset Allocation Peers by Rank
| Scheme | Score | 3Y Return | Expense | Downside | Fund Size | Compare |
|---|---|---|---|---|---|---|
| Bandhan Multi Asset Allocation Fund | 6.4 | - | - | 12.0% | Rs 3,785 cr | Compare → |
| Canara Robeco Multi Asset Allocation Fund | 4.8 | - | 2.32% | 31.4% | Rs 1,417 cr | Compare → |
| 360 ONE Multi Asset Allocation Fund | 6.5 | - | 2.12% | -17.5% | Rs 532 cr | Compare → |
| Union Multi Asset Allocation Fund | 4.2 | - | 2.39% | 23.9% | Rs 1,019 cr | Compare → |
| Mahindra Manulife Multi Asset Allocation Fund | 6.7 | - | 1.91% | 21.6% | Rs 1,270 cr | Compare → |
Frequently Asked Questions about Mirae Asset Multi Asset Allocation Fund
What is the expense ratio of Mirae Asset Multi Asset Allocation Fund?
Mirae Asset Multi Asset Allocation Fund has a total expense ratio (TER) of 2.13% with a base expense ratio of 1.62%, compared to the Multi Asset Allocation category median of 2.13%.
Who manages Mirae Asset Multi Asset Allocation Fund?
Mirae Asset Multi Asset Allocation Fund is managed by Harshad Borawake (tenure: 2.8 years since 2024-01-31).
What are the historical returns of Mirae Asset Multi Asset Allocation Fund?
Mirae Asset Multi Asset Allocation Fund has a 1-year return of +7.33%.
How large is Mirae Asset Multi Asset Allocation Fund?
Mirae Asset Multi Asset Allocation Fund manages assets of Rs 3,779 cr, placing it in the 'comfortable' size band relative to Multi Asset Allocation peers.
How is Mirae Asset Multi Asset Allocation Fund scored on MFIQ?
Mirae Asset Multi Asset Allocation Fund holds an MFIQ Score of 5.9/10 (Average), based on a category percentile composite across returns, risk, consistency, and cost.
How risky is Mirae Asset Multi Asset Allocation Fund?
Mirae Asset Multi Asset Allocation Fund has an official SEBI riskometer rating of Very High. Over the analyzed period, its annualized standard deviation is 10.61% with a maximum historical drawdown of -9.29%.