Fund Information Back to Funds

Mirae Asset Hybrid Equity Fund (erstwhile Mirae Asset Prudence Fund)
(Aggressive Hybrid Fund - An open-ended hybrid scheme investing predominantly in equity and equity related instruments)

Investment Objective

The investment objective of the Scheme is to generate capital appreciation along with current income from a combined portfolio of predominantly investing in equity & equity related instruments and balance in debt and money market instruments. The Scheme does not guarantee or assure any returns

Why Mirae Asset Prudence Fund?

Asset Allocation

Type of Instruments Indicative Allocation (% of total assets) Risk Profile
Minimum Maximum
Equity and Equity Related Instruments* 65% 80% High
Debt & Money Market Instruments 20% 35% Medium
Units issued by REITs and InvITs 0% 10% Medium to High

The Scheme provides the Investment Manager flexibility to shift allocations within the mentioned asset allocation in the event of a change in view regarding an asset class.

Investment Strategy

Allocation to equity 65-80% & debt + money market instruments 20-35%.

For equity portion

  • This fund is positioned as a lower risk alternative to a pure equities scheme, while retaining the upside potential from equities
  • Diversified portfolio of strong growth companies at reasonable price
  • Flexibility to invest across any themes or investment styles
  • Tax efficiency & taxation as per equity fund

For debt portion

  • Top down approach for taking interest rate view and sector allocation view
  • Flexibility to invest across all the securities in the debt and money markets.
  • Primarily endeavor to invest in G-Sec and highly rated PSU/Corporate bonds/CD/CPs
  • Portfolio composition in line with extant outlook on yield curve shape and market spreads
  • Portfolio maturity in line with extant interest rate outlook - Actively managed

Product Label

Risk Meter

Net Asset Value(NAV):

Fund Information
Fund Manager Mr. Neelesh Surana & Mr. Sudhir Kedia (Equity portion) & Mr. Mahendra Jajoo (Debt portion)
Allotment Date 29-Jul-15
Benchmark Index CRISIL Hybrid 35+65 Aggressive Index
Minimum Investment Amount Lump Sum: 5,000/- (multiples of Re. 1/- thereafter)
Systematic Investment Plan (SIP) Minimum 5 installments monthly of Rs.1000/- (in multiples of Re.1/- thereafter)
Plans Available Regular Plan and Direct Plan
Options Available Growth Option and Dividend Option (Payout & Re-investment)
Exit Load Click here to view (Effective from 16th July 2018).