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Multi Asset Allocation · Hybrid

Mirae Asset Multi Asset Allocation Fund

Mirae Asset Investment Managers (India) Pvt. Ltd
Benchmark
65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index +7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver
Riskometer
Very High
Size
₹3,615 cr
Allotted
31 Jan 2024
Holdings as of
30 Sep 2026

Mirae Asset Multi Asset Allocation Fund is a multi asset allocation fund of Mirae Asset Investment Managers (India) Pvt. Ltd with ₹3,615 cr under management. It is ahead of its benchmark (65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index +7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver) in 1 of 1 periods. Its direct plan charges 0.64% a year. Harshad Borawake has managed it for 2.7 years.

Has Mirae Asset Multi Asset Allocation Fund beaten its benchmark?

Ahead of its benchmark, 65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index +7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver, in 1 of 1 periods in AMFI's figures; +6.03% over the last year against +0.94%.

Period returns

Direct Plan, growth · 3y and longer a year
PeriodFundNifty 500 TRIAhead
1 month−2.36% −3.60% —
3 months−1.27% −5.03% —
6 months−0.24% −1.83% —
1 year+5.29% −4.06% +9.35 pts
3 years— +9.27% —
5 years— +8.00% —
10 years— +12.69% —
Since start
from 1 Feb 2024
+12.42%——
Valarth price history to 14 Oct 2026 · the index is the one the fund is nearest; — not on record

Official figures

AMFI performance feed, 13 Oct 2026
Ahead of its benchmark (65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index +7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver) in 1 of 1 periods.
PeriodDirectRegularBenchmarkAheadRank
1y +6.03%+4.42%+0.94% +5.09 🔒
3y ——— — —
5y ——— — —
10y ——— — —
Ahead in points a year · its rank among Multi Asset Allocation funds, and how steady the lead is, in the app

Value of 100, month-end

Feb 2024 to 14 Oct 2026
50100150 2025
Fund 136Nifty 500 TRI 113

₹100 put in at the start of Feb 2024 would be ₹136 on 14 Oct 2026, against ₹113 in the Nifty 500 TRI.

Risk, falls and every year

🔒 Pro
Its worst fall and how long it took to recover, three-year stretches, Sharpe, beta and capture ratios, calendar years beside the index, and money in and out: in the app.
See them in the app →

What does Mirae Asset Multi Asset Allocation Fund cost?

0.64% a year on the direct plan, 2.14% on the regular plan; 4 of 18 funds in its category charge less.

Direct plan
0.64% a year
Category median 0.93%
Regular plan
2.14% a year
Category median 2.21%
Gap
1.50 points
for the same holdings
4 of 18 funds in its category charge less on the direct plan.
Expense report, Oct 2026 · Hybrid Schemes - Multi Asset Allocation Fund

What the regular plan costs you over time

🔒 Pro
The same money left for years in the direct and the regular plan, side by side, and what the commission takes: in the app.

Who manages Mirae Asset Multi Asset Allocation Fund?

Harshad Borawake, since 31 Jan 2024; Basant Bafna, since 31 Jan 2024; Siddharth Srivastava, since 31 Jan 2024.

Harshad Borawake
Equity Portion
2.7 years
since 31 Jan 2024
Basant Bafna
Debt Portion
2.7 years
since 31 Jan 2024
Siddharth Srivastava
Overseas Investments
2.7 years
since 31 Jan 2024
And 1 more; every manager, the other funds each runs and the changes over time are in the app.
Benchmark as filed65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver
Exit load
I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch-in/STP-in) on or before completion of 180 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 180 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First In First Out Basis (FIFO): -If redeemed within 6 months (180 days) from the date of allotment: 1% -If redeemed after 6 months (180 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted fo
From 4 Scheme Summary Documents filed with NSE, first on 12 May 2026; as on 4 Oct 2026

What does Mirae Asset Multi Asset Allocation Fund hold?

172 holdings as of 30 Sep 2026; the ten largest are 34.2% of the fund, the largest ICICI Bank Ltd. at 4.3%.

Mix

Holdings as of 30 Sep 2026
Equity79.2%Debt4.2%Cash3.3%Other13.3%
Holdings
172
160 shares
Top ten
34.2%
of the fund
Effective holdings
63.3
spread, as if equal-weighted
Matched to our table
84%
of the equity

Five largest

% of fund
ICICI Bank Ltd.4.27%
HDFC Bank Ltd.4.24%
State Bank of India2.58%
Reliance Industries Ltd.2.42%
Bharti Airtel Ltd.2.07%

Five largest industries

% of fund
Banks19.1%
CRISIL AAA9.50%
Pharmaceuticals & Biotechnology6.20%
Consumer Durables4.50%
Automobiles4.30%

By company size

% of equity · SEBI size lists
Large Cap66.7%Mid Cap13.9%Small Cap19.4%

How does Mirae Asset Multi Asset Allocation Fund score against its category?

Seven scores against funds of its kind, and the warning signs it trips.

Scorecard

🔒 Pro
Seven scores, each out of 5, against funds in its category, with the reasons, and the warning signs it trips: in the app.
Open scorecard in the app →

Are the companies inside any good?

The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.

The companies inside

🔒 Pro
The holdings weighted by their share of the fund: P/E and ROE, forensic risk levels, Valarth's valuation view, quality, moats, balance sheets and who owns them: in the app.

How is Mirae Asset Multi Asset Allocation Fund run?

Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.

How it is run

🔒 Pro
Turnover, what it bought and sold and when, how long it holds, size drift, cash and its record in new listings, from up to two years of monthly holdings files: in the app.

Which funds hold much the same?

The index it is nearest and the funds whose holdings overlap most.

Moves with its indexnot an index tracker
Nearest to the Nifty 500: 48% of it differs from the index (an active fund is usually above 60%).
Active share 47.6%60%

Funds that hold much the same

% of holdings in common
Mirae Asset Balanced Advantage Fund76.7% the same
109 shared holdings
Mirae Asset Aggressive Hybrid Fund74.7% the same
89 shared holdings
Mirae Asset Equity Savings Fund67.2% the same
126 shared holdings

How much is in its sponsor's own group?

Holdings in companies of the fund house's sponsor group, beside the index.

Related-party exposure

🔒 Pro
How much of the fund is in companies of its sponsor's own group, beside what the index holds of them: in the app.

Questions people ask

Who manages Mirae Asset Multi Asset Allocation Fund?

Harshad Borawake (Equity Portion) since 31 Jan 2024; Basant Bafna (Debt Portion) since 31 Jan 2024; Siddharth Srivastava (Overseas Investments) since 31 Jan 2024; Ritesh Patel (Dedicated Fund Manager for Commodity Investments) since 31 Jan 2024.

What is the expense ratio of Mirae Asset Multi Asset Allocation Fund?

0.64% a year on the direct plan and 2.14% on the regular plan (expense report, Oct 2026).

Inside the app

See Mirae Asset Multi Asset Allocation Fund beside your own funds in Valarth

Start freeStart free
A Valarth stock page: the share price with its chart and 52-week range, valuation and profitability figures, and a scorecard of health checks.
Stock pagePrice, valuation, profitability and a scorecard of health checks for every company, each figure explained.
The Valarth stock screener: a table of companies with price, market cap, P/E, P/B, PEG, EPS and ROE, and filters down the left.
ScreenerEvery listed company, filtered on 212 figures, each with a plain-language lesson beside it.
The Valarth AI Screener answering 'Which companies will benefit from India's Project 75 submarine programme?' with a basket of four naval shipbuilders and a written thesis.
AI ScreenerAsk a question in plain English, like which companies benefit from India's Project 75. It reads the intent, builds the screen and writes the thesis.
A Valarth business-model card for State Bank of India, with a plain-language summary and statements verified against the filing.
Business modelHow a company makes money and what can hurt it, each statement checked against its annual report.
Valarth's Before the Bell edition, with the day's headline, regulator notes and sector moves.
Before the BellA morning edition before the market opens: what moved, which rule changed, and what it means for your holdings.

Mirae Asset Multi Asset Allocation Fund in the app: beside your own funds, with what you own through them

See the full analysis in the app →See pricing
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