How to Invest in Mirae Asset Hybrid Equity Fund Direct Growth?

You can easily invest in Mirae Asset Hybrid Equity Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Hybrid Equity Fund Direct Growth from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Hybrid Equity Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Hybrid Equity Fund Direct Growth provide?

The Mirae Asset Hybrid Equity Fund Direct Growth has been there from 29 Jul 2015 and the average annual returns provided by this fund is 12.50% since its inception.

How much expense ratio is charged by Mirae Asset Hybrid Equity Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Hybrid Equity Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Hybrid Equity Fund Direct Growth is 0.38% as of 04 Dec 2023...

What is the AUM of Mirae Asset Hybrid Equity Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Hybrid Equity Fund Direct Growth is ₹7,611.06Cr as of 04 Dec 2023.

How to Redeem Mirae Asset Hybrid Equity Fund Direct Growth?

If you want to sell your Mirae Asset Hybrid Equity Fund Direct Growth holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Hybrid Equity Fund Direct Growth?

You can select either SIP or Lumpsum investment of Mirae Asset Hybrid Equity Fund Direct Growth based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Hybrid Equity Fund Direct Growth?

The NAV of Mirae Asset Hybrid Equity Fund Direct Growth is ₹29.27 as of 01 Dec 2023.

What is the PE and PB ratio of Mirae Asset Hybrid Equity Fund Direct Growth?

The PE ratio ratio of Mirae Asset Hybrid Equity Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Hybrid Equity Fund Direct Growth - NAV, Mutual Fund Performance & Portfolio

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Mirae Asset Hybrid Equity Fund Direct Growth
Hybrid
Aggressive Hybrid
Very High Risk
16.17%
3Y annualised
+0.57% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 01 Dec 2023₹29.27
Min. SIP amount₹1,000
Rating3
Fund size₹7,611.06Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Hybrid Aggressive Hybrid
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns12.5%16.2%14.6%13.7%
Category average13.7%16.2%13.0%NA
Rank with in category332313NA
Understand terms
Holdings (127)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity6.5%
ICICI Bank Ltd.
FinancialEquity5.3%
Reliance Industries Ltd.
EnergyEquity4.0%
State Bank of India
FinancialEquity3.5%
Infosys Ltd.
TechnologyEquity3.5%
Axis Bank Ltd.
FinancialEquity3.1%
GOI
SovereignGOI Sec3.1%
Larsen & Toubro Ltd.
ConstructionEquity2.3%
ITC Ltd.
Consumer StaplesEquity2.1%
NTPC Ltd.
EnergyEquity1.9%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Hybrid Aggressive Hybrid
Pros
Cons
5Y annualised returns higher than category average by 1.54%
Consistently lower annualised returns than category average for the past 1Y and 3Y
Higher alpha: 2.82
The fund has generated returns higher than benchmark - CRISIL Hybrid 35+65 Aggressive Index - in the last 3Y 
Lower expense ratio: 0.38%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
24 Nov 2023 - Present
0.38%
23 Nov 2023 - 24 Nov 2023
0.38%
22 Nov 2023 - 23 Nov 2023
0.38%
21 Nov 2023 - 22 Nov 2023
0.38%
20 Nov 2023 - 21 Nov 2023
0.39%
19 Nov 2023 - 20 Nov 2023
0.38%
18 Nov 2023 - 19 Nov 2023
0.39%
17 Nov 2023 - 18 Nov 2023
0.38%
16 Nov 2023 - 17 Nov 2023
0.38%
15 Nov 2023 - 16 Nov 2023
0.39%
14 Nov 2023 - 15 Nov 2023
0.40%
13 Nov 2023 - 14 Nov 2023
0.40%
12 Nov 2023 - 13 Nov 2023
0.40%
11 Nov 2023 - 12 Nov 2023
0.40%
10 Nov 2023 - 11 Nov 2023
0.40%
09 Nov 2023 - 10 Nov 2023
0.40%
08 Nov 2023 - 09 Nov 2023
0.40%
07 Nov 2023 - 08 Nov 2023
0.40%
06 Nov 2023 - 07 Nov 2023
0.40%
05 Nov 2023 - 06 Nov 2023
0.40%
04 Nov 2023 - 05 Nov 2023
0.40%
03 Nov 2023 - 04 Nov 2023
0.40%
02 Nov 2023 - 03 Nov 2023
0.40%
01 Nov 2023 - 02 Nov 2023
0.40%
31 Oct 2023 - 01 Nov 2023
0.40%
30 Oct 2023 - 31 Oct 2023
0.40%
29 Oct 2023 - 30 Oct 2023
0.40%
28 Oct 2023 - 29 Oct 2023
0.40%
27 Oct 2023 - 28 Oct 2023
0.40%
26 Oct 2023 - 27 Oct 2023
0.40%
25 Oct 2023 - 26 Oct 2023
0.40%
24 Oct 2023 - 25 Oct 2023
0.40%
23 Oct 2023 - 24 Oct 2023
0.40%
22 Oct 2023 - 23 Oct 2023
0.40%
21 Oct 2023 - 22 Oct 2023
0.40%
20 Oct 2023 - 21 Oct 2023
0.40%
19 Oct 2023 - 20 Oct 2023
0.40%
18 Oct 2023 - 19 Oct 2023
0.40%
17 Oct 2023 - 18 Oct 2023
0.40%
16 Oct 2023 - 17 Oct 2023
0.41%
15 Oct 2023 - 16 Oct 2023
0.41%
14 Oct 2023 - 15 Oct 2023
0.41%
13 Oct 2023 - 14 Oct 2023
0.41%
12 Oct 2023 - 13 Oct 2023
0.41%
11 Oct 2023 - 12 Oct 2023
0.41%
10 Oct 2023 - 11 Oct 2023
0.41%
09 Oct 2023 - 10 Oct 2023
0.41%
08 Oct 2023 - 09 Oct 2023
0.41%
07 Oct 2023 - 08 Oct 2023
0.41%
06 Oct 2023 - 07 Oct 2023
0.41%
05 Oct 2023 - 06 Oct 2023
0.41%
04 Oct 2023 - 05 Oct 2023
0.41%
03 Oct 2023 - 04 Oct 2023
0.41%
02 Oct 2023 - 03 Oct 2023
0.41%
01 Oct 2023 - 02 Oct 2023
0.41%
30 Sep 2023 - 01 Oct 2023
0.41%
29 Sep 2023 - 30 Sep 2023
0.41%
28 Sep 2023 - 29 Sep 2023
0.41%
27 Sep 2023 - 28 Sep 2023
0.41%
26 Sep 2023 - 27 Sep 2023
0.41%
25 Sep 2023 - 26 Sep 2023
0.41%
24 Sep 2023 - 25 Sep 2023
0.41%
23 Sep 2023 - 24 Sep 2023
0.41%
22 Sep 2023 - 23 Sep 2023
0.41%
21 Sep 2023 - 22 Sep 2023
0.41%
20 Sep 2023 - 21 Sep 2023
0.41%
19 Sep 2023 - 20 Sep 2023
0.41%
18 Sep 2023 - 19 Sep 2023
0.41%
17 Sep 2023 - 18 Sep 2023
0.41%
16 Sep 2023 - 17 Sep 2023
0.41%
15 Sep 2023 - 16 Sep 2023
0.41%
14 Sep 2023 - 15 Sep 2023
0.41%
13 Sep 2023 - 14 Sep 2023
0.41%
12 Sep 2023 - 13 Sep 2023
0.41%
11 Sep 2023 - 12 Sep 2023
0.41%
10 Sep 2023 - 11 Sep 2023
0.41%
09 Sep 2023 - 10 Sep 2023
0.41%
08 Sep 2023 - 09 Sep 2023
0.41%
07 Sep 2023 - 08 Sep 2023
0.41%
06 Sep 2023 - 07 Sep 2023
0.41%
05 Sep 2023 - 06 Sep 2023
0.41%
04 Sep 2023 - 05 Sep 2023
0.41%
03 Sep 2023 - 04 Sep 2023
0.41%
02 Sep 2023 - 03 Sep 2023
0.41%
01 Sep 2023 - 02 Sep 2023
0.41%
31 Aug 2023 - 01 Sep 2023
0.41%
31 Jul 2023 - 31 Aug 2023
0.32%
30 Jun 2023 - 31 Jul 2023
0.41%
31 May 2023 - 30 Jun 2023
0.42%
30 Apr 2023 - 31 May 2023
0.36%
31 Mar 2023 - 30 Apr 2023
0.43%
28 Feb 2023 - 31 Mar 2023
0.36%
31 Jan 2023 - 28 Feb 2023
0.36%
31 Dec 2022 - 31 Jan 2023
0.36%
31 Dec 2022 - 31 Dec 2022
0.36%
31 Dec 2022 - 31 Dec 2022
0.36%
30 Nov 2022 - 31 Dec 2022
0.36%
30 Nov 2022 - 30 Nov 2022
0.36%
30 Nov 2022 - 30 Nov 2022
0.36%
31 Oct 2022 - 30 Nov 2022
0.37%
31 Oct 2022 - 31 Oct 2022
0.37%
31 Oct 2022 - 31 Oct 2022
0.37%
30 Sep 2022 - 31 Oct 2022
0.37%
30 Sep 2022 - 30 Sep 2022
0.37%
30 Sep 2022 - 30 Sep 2022
0.37%
31 Aug 2022 - 30 Sep 2022
0.37%
31 Aug 2022 - 31 Aug 2022
0.37%
31 Jul 2022 - 31 Aug 2022
0.41%
31 Jul 2022 - 31 Jul 2022
0.41%
31 Jul 2022 - 31 Jul 2022
0.41%
30 Jun 2022 - 31 Jul 2022
0.42%
30 Jun 2022 - 30 Jun 2022
0.42%
31 May 2022 - 30 Jun 2022
0.42%
31 May 2022 - 31 May 2022
0.42%
30 Apr 2022 - 31 May 2022
0.45%
30 Apr 2022 - 30 Apr 2022
0.45%
31 Mar 2022 - 30 Apr 2022
0.49%
31 Mar 2022 - 31 Mar 2022
0.49%
28 Feb 2022 - 31 Mar 2022
0.43%
28 Feb 2022 - 28 Feb 2022
0.43%
31 Jan 2022 - 28 Feb 2022
0.41%
31 Dec 2021 - 31 Jan 2022
0.37%
30 Nov 2021 - 31 Dec 2021
0.38%
31 Oct 2021 - 30 Nov 2021
0.38%
30 Sep 2021 - 31 Oct 2021
0.38%
31 Aug 2021 - 30 Sep 2021
0.39%
31 Jul 2021 - 31 Aug 2021
0.40%
30 Jun 2021 - 31 Jul 2021
0.41%
31 May 2021 - 30 Jun 2021
0.39%
30 Apr 2021 - 31 May 2021
0.38%
31 Mar 2021 - 30 Apr 2021
0.39%
28 Feb 2021 - 31 Mar 2021
0.39%
31 Jan 2021 - 28 Feb 2021
0.38%
31 Dec 2020 - 31 Jan 2021
0.37%
30 Nov 2020 - 31 Dec 2020
0.39%
31 Oct 2020 - 30 Nov 2020
0.40%
30 Sep 2020 - 31 Oct 2020
0.42%
31 Aug 2020 - 30 Sep 2020
0.40%
31 Jul 2020 - 31 Aug 2020
0.40%
30 Jun 2020 - 31 Jul 2020
0.44%
31 May 2020 - 30 Jun 2020
0.45%
30 Apr 2020 - 31 May 2020
0.38%
31 Mar 2020 - 30 Apr 2020
0.65%
29 Feb 2020 - 31 Mar 2020
0.49%
31 Jan 2020 - 29 Feb 2020
0.49%
31 Dec 2019 - 31 Jan 2020
0.29%
30 Nov 2019 - 31 Dec 2019
0.31%
31 Oct 2019 - 30 Nov 2019
0.32%
30 Sep 2019 - 31 Oct 2019
0.33%
31 Aug 2019 - 30 Sep 2019
0.24%
31 Jul 2019 - 31 Aug 2019
0.27%
30 Jun 2019 - 31 Jul 2019
0.29%
31 May 2019 - 30 Jun 2019
0.32%
30 Apr 2019 - 31 May 2019
0.34%
31 Mar 2019 - 30 Apr 2019
0.44%
28 Feb 2019 - 31 Mar 2019
0.46%
31 Jan 2019 - 28 Feb 2019
0.36%
31 Dec 2018 - 31 Jan 2019
0.36%
30 Nov 2018 - 31 Dec 2018
0.36%
31 Oct 2018 - 30 Nov 2018
0.36%
30 Sep 2018 - 31 Oct 2018
0.97%
31 Aug 2018 - 30 Sep 2018
0.98%
31 Jul 2018 - 31 Aug 2018
0.98%
30 Jun 2018 - 31 Jul 2018
1.00%
31 May 2018 - 30 Jun 2018
0.99%
30 Apr 2018 - 31 May 2018
0.98%
31 Mar 2018 - 30 Apr 2018
0.95%
28 Feb 2018 - 31 Mar 2018
0.98%
31 Jan 2018 - 28 Feb 2018
0.99%
31 Dec 2017 - 31 Jan 2018
0.97%
30 Nov 2017 - 31 Dec 2017
0.95%
31 Oct 2017 - 30 Nov 2017
0.94%
Expense ratio, exit load and taxExpense ratio: 0.38%Inclusive of GST
Exit loadFor units in excess of 15% of the investment,1% will be charged for redemption within 365 days
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year. 
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Sep 2016 - Present
View details
Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Also manages these schemes
Mirae Asset Savings Fund Direct Plan Growth
Mirae Asset Cash Management Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Dynamic Bond Fund Direct Growth
Mirae Asset Short Term Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct Growth
Mirae Asset Overnight Fund Direct Growth
Mirae Asset Arbitrage Fund Direct Growth
Mirae Asset Banking and PSU Debt Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Corporate Bond Fund Direct Growth
Mirae Asset Money Market Fund Direct Growth
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth
Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund Direct Growth
Mirae Asset Nifty SDL June 2028 Index Fund Direct Growth
Harshad Borawake
Apr 2020 - Present
View details
Education
Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Also manages these schemes
Mirae Asset Large Cap Fund Direct Growth
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Balanced Advantage Fund Direct Growth
Vrijesh Kasera
Apr 2020 - Present
View details
Education
Mr. Kasera is a MBA (Finance), CFA (ICFAI).
Experience
Prior to joining Mirae Asset Mutual Fund, he was associated with Axis Capital Ltd. as an Equity Research Analyst. He has also been associated with Edelweiss Broking Ltd.
Also manages these schemes
Mirae Asset Hybrid Equity Fund Direct Growth
Mirae Asset Healthcare Fund Direct Growth
Mirae Asset Equity Savings Fund Direct Growth
Mirae Asset Flexi Cap Fund Direct Growth
Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹1,02,127.67Cr
Date of Incorporation26 Apr 2019
 Mirae Asset Hybrid Equity Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 26 Apr 2019. Mahendra Jajoo, Neelesh Surana, Sudhir Kedia is the Current Fund Manager of Mirae Asset Hybrid Equity Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹1,02,128 Cr and the Latest NAV as of 01 Dec 2023 is ₹29.27.
The Mirae Asset Hybrid Equity Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹1,000. Minimum Lumpsum Investment is ₹5,000. For units in excess of 15% of the investment,1% will be charged for redemption within 365 days
;
Investment ObjectiveThe Scheme seeks to generate capital appreciation along with current income from a combined portfolio of equity & equity related instruments and debt and money market instruments.
;
Fund benchmarkCRISIL Hybrid 35+65 Aggressive Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
E-mail
[email protected]
Website
www.miraeassetmf.co.in
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Mirae Asset Hybrid Equity Fund Direct Growth
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	12.5%	16.2%	14.6%	13.7%
Category average	13.7%	16.2%	13.0%	NA
Rank with in category	33	23	13	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	6.5%
ICICI Bank Ltd.	Financial	Equity	5.3%
Reliance Industries Ltd.	Energy	Equity	4.0%
State Bank of India	Financial	Equity	3.5%
Infosys Ltd.	Technology	Equity	3.5%
Axis Bank Ltd.	Financial	Equity	3.1%
GOI	Sovereign	GOI Sec	3.1%
Larsen & Toubro Ltd.	Construction	Equity	2.3%
ITC Ltd.	Consumer Staples	Equity	2.1%
NTPC Ltd.	Energy	Equity	1.9%

Rank (total assets)	#13 in India
Total AUM	₹1,02,127.67Cr

Date of Incorporation	26 Apr 2019

Fund benchmark	CRISIL Hybrid 35+65 Aggressive Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	3
Fund size	₹7,611.06Cr

Mirae Asset Hybrid Equity Fund Direct Growth

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (127)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.38%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Mahendra Kumar JajooSep 2016 - PresentView details

Harshad BorawakeApr 2020 - PresentView details

Vrijesh KaseraApr 2020 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Mahendra Kumar Jajoo
Sep 2016 - Present
View details

Harshad Borawake
Apr 2020 - Present
View details

Vrijesh Kasera
Apr 2020 - Present
View details