NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹13.23
0.03%
NAV as on 17 Nov 24, 12:00 AM
high risk
dynamic asset allocation
hybrid (nc)
NAV as on 17 Nov 24, 12:00 AM
high risk
dynamic asset allocation
hybrid (nc)
16.59%p.a.
Last 1Y
0.00%p.a.
Last 3Y
0.00%p.a.
Last 5Y
14.07%p.a.
Since Inception
About Mirae Asset Balanced Advantage Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Balanced Advantage Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Dynamic Asset Allocation mutual fund scheme that predominantly invests in Dynamic Asset Allocation stocks of companies. Launched on Aug 2022, Mirae Asset Balanced Advantage Fund Growth is Dynamic Asset Allocation fund of its category with 1,770.05 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Dynamic Asset Allocation funds.
- Mirae Asset Balanced Advantage Fund Growth delivered 16.6% annual returns during the last year. It has delivered 14.1% average annual returns since the fund was launched.
- Mirae Asset Balanced Advantage Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in hybrid (nc)
Fund Objective
The investment objective of the scheme is to capitalize on the potential upside of equities while attempting to limit the downside by dynamically managing the portfolio through investment in equity & equity related instruments and active use of debt, money market instruments and derivatives. However, there is no assurance or guarantee that the investment objective of the scheme will be realized.
Top 10 Holdings
7.18% Govt Stock 2033
4.57%
HDFC Bank Ltd
4.43%
7.38% Govt Stock 2027
4.08%
Rural Electrification Corporation Limited
2.88%
ICICI Bank Ltd
2.73%
State Bank of India
2.52%
Bharti Airtel Ltd
2.49%
Infosys Ltd
2.12%
Reliance Industries Ltd
2.11%
7.1% Govt Stock 2034
2.01%
Fund Managers
- Mahendra Jajoo (Aug 2022 - Present)
- Harshad Borawake (Aug 2022 - Present)
Key Information
View Scheme Document
Mirae Asset Balanced Advantage Fund Growth SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Balanced Advantage Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset Balanced Advantage Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Balanced Advantage Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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