HybridMulti Asset AllocationRegularGrowthHigh

Mirae Asset Multi Asset Allocation Fund

Q: What is the NAV of Mirae Asset Multi Asset Allocation Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Multi Asset Allocation Fund is ₹13.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Multi Asset Allocation Fund delivered?

Mirae Asset Multi Asset Allocation Fund has returned +6.04% over 1 year and +10.91% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

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

Mirae Asset Multi Asset Allocation Fund charges an expense ratio of 2.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund's largest holdings are Mirae Asset Gold ETF (12.1%), ICICI Bank Ltd. (4.6%), HDFC Bank Ltd. (4.2%), State Bank of India (2.8%) and Reliance Industries Ltd. (2.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.8% and its worst peak-to-trough fall in our sample was -9.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund is benchmarked against the 65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver. Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund is managed by Harshad Borawake, Basant Bafna, Siddharth Srivastava and Ritesh Patel at Mirae Asset.

Q: How is Mirae Asset Multi Asset Allocation Fund taxed?

Mirae Asset Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Mirae Asset Mutual Fund · Best Multi Asset Allocation Mutual Funds

NAV

₹13.22

+0.25% 1D

as of 05 Oct 2026

This is the Regular plan of Mirae Asset Multi Asset Allocation Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

+5.51%absolute

52-week rangePrev NAV ₹13.19

Latest ₹13.22

Low ₹12.4358th percentile of its 52-week rangeHigh ₹13.80

Scorecard

★★★★☆4/5 vs 31 of 36 Multi Asset Allocation peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Multi Asset Allocation (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 31 of the 36 Multi Asset Allocation funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Multi Asset Allocation peers to rank yet

RiskLow

Volatility 8.8% vs 9.9% category avg

CostAverage

2.1% expense vs 2.2% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

Ahead of the Multi Asset Allocation average on 1M/3M/1Y — 1Y by 1.62pp
Less volatile than its Multi Asset Allocation peers (8.8% vs 9.9%)

Concerns

No significant concerns identified.

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.14%

Category 2.18%▼0.04%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

20.56

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.73

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

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 for SWP under the plan (including Switch out, STP out): -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

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

01 Feb 2024

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-2.89%

Absolute return over the last 3 months (not annualized)

-1.72%

Absolute return over the last 6 months (not annualized)

+4.23%

Absolute return since 1 Jan of this year (not annualized)

-0.16%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.04%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.91%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

8.79%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-9.29%

Benchmark ratios (vs Nifty 50 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 50 TRI

6.45%

Sensitivity to Nifty 50 TRI moves; 1 = moves with the index

0.58

How much of the fund's movement Nifty 50 TRI explains

84.1%

Excess return per unit of beta (market risk)

8.10

Active return over the benchmark per unit of tracking error

1.28

Annualized std dev of fund-minus-benchmark returns

6.85%

Fund's share of benchmark gains in up months (100 = matches index)

76.7%

Fund's share of benchmark losses in down months (lower is better)

25.6%

Computed vs the Nifty 50 TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Multi Asset Allocation)

Period	Fund	Category avg.	Diff
1M abs	-2.89%	-3.50%	+0.61%
3M abs	-1.72%	-2.27%	+0.55%
6M abs	+4.23%	+3.83%	+0.40%
1Y CAGR	+6.04%	+4.42%	+1.62%
3Y CAGR	—	+13.19%	—
5Y CAGR	—	+11.72%	—

Category average across peers in Multi Asset Allocation (up to 36 funds with data), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 36 peers in Multi Asset Allocation

1Y return

+6.04%

Beats 56.7% · rank #14

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.20L

Absolute

-0.19%

XIRR

-0.42%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Mirae Asset Multi Asset Allocation Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty 50 TRI	Diff
2026part	-0.16%	-12.85%	+12.69%
2025	+18.27%	+11.97%	+6.30%
2024part	+11.71%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

659

Expense ratio

2.14%

AUM

₹3,373Cr

Portfolio turnover

237%

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

20.6

P/B ratio

4.2

Avg market cap

₹4,16,479Cr

P/E & P/B are portfolio-weighted harmonic means across 121 of 141 equity holdings (60% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Multi Asset Allocation

Compare all


Mirae Asset Multi Asset Allocation FundThis fund Mirae Asset · Regular · Growth	★★★★☆ 1Y	+6.04%	—	—	—	2.14%	₹3,373Cr
Quant Multi Asset Allocation Fund quant · Regular · Growth	★★★☆☆	+11.87%	+20.86%	+17.03%	—	2.29%	₹5,474Cr
Nippon India Multi Asset Allocation Fund Nippon India · Regular · Growth	★★★★★	+6.63%	+16.71%	+13.46%	—	1.44%	₹15,069Cr
DSP Multi Asset Allocation Fund DSP · Regular · Growth	★★★★★	+7.28%	+15.92%	—	—	1.59%	₹9,515Cr
Kotak Multi Asset Allocation Fund Kotak Mahindra · Regular · Growth	★★★☆☆	+8.94%	+15.58%	—	—	1.77%	₹13,629Cr
WhiteOak Capital Multi Asset Allocation Fund WhiteOak Capital · Regular · Growth	★★★★★	+7.98%	+15.16%	—	—	1.67%	₹7,308Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 99% of the equity sleeve priced.

Large cap69.6%
Mid cap14.7%
Small cap15.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity67.08%
Debt13.72%
Other13.71%
Cash & Equivalents5.11%
Real Estate / REITs0.38%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Mirae Asset Balanced Advantage Fund Mirae Asset · Dynamic Asset Allocation or Balanced Advantage	85.4% of 69% equity	★★★★☆	0.98%	+9.83%
Mirae Asset Aggressive Hybrid Fund Mirae Asset · Aggressive Hybrid Fund	80.3% of 76% equity	★★★☆☆	0.63%	+10.53%
Mirae Asset Equity Savings Fund Mirae Asset · Equity Savings	75.9% of 67% equity	★★★★☆	0.73%	+9.71%
Bandhan Nifty 100 Index Fund Bandhan · Index Funds	60.6%	★★★★☆	0.18%	+7.65%
Nippon India ETF Nifty 100 Nippon India · Other ETFs	60.6%	—	0.51%	+7.29%
HDFC NIFTY 100 Index Fund HDFC · Index Funds	60.6%	★★★☆☆	0.35%	+7.44%
Axis Nifty 100 Index Fund Axis · Index Funds	60.6%	★★★★☆	0.26%	+7.57%
Zerodha Nifty 100 ETF Zerodha · Other ETFs	60.6%	—	0.28%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

2 holdings — 0.48% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Milky Mist Dairy Food LimitedLong-term · Stage IV0.29%
Turtlemint Fintech Solutions LimitedShort-term · Stage I0.20%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-9.3%29 Jan 2026 → 23 Mar 2026
Fell over 2 months, back to the old high on 12 Aug 2026 — 5 months under water after the low.
-6.9%26 Sep 2024 → 28 Feb 2025
Fell over 5 months, back to the old high on 21 Apr 2025 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹3,373Cr

April - June 2026

+10%

since January - March 2026

+₹352.17Cr

est. net flow, last quarter

At or near its largest, ₹3,373Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

HBHarshad BorawakeManaging since 31 Jan 2024

Role

Head of Research and Fund Manager

Education

MBA (Finance), B.E. (Polymers)

Experience

Mr. Borawake has professional experience of more than 21 years and his primary responsibility Investment Managers (India) Private includes Investment Analysis & Research. Prior to this assignment, he was associated with Motilal Oswal Securities as Vice President (Research). He has also been associated with Cap metrics & Risk Solutions as Research Analyst Equity.

Funds managed (3)

All schemes Harshad Borawake runs →

BBBasant BafnaManaging since 27 Dec 2025

Role

Senior Fund Manager

Education

CFA, FRM, MBA (Finance), B Com (Hons), Certified Treasury Professional, Certified Associate of the Indian Institute of Bankers, Clearedall three levels of Company Secretary

Experience

Mr. Basant Bafna has over 14 years of experience in the banking industry. Prior to this assignment, Mr. Basant Bafna worked as Chief Dealer and Assistant General Manager with Export-Import Bank of India. The

Funds managed (3)

All schemes Basant Bafna runs →

SSSiddharth SrivastavaManaging since 31 Jan 2024

Role

Head – ETF Product and Fund Manager

Education

MBA (Tech), BTech

Experience

Mr. Srivastava has more than 15 years of experience in the field of financial services and stock markets. He has been associated with Mirae Asset Investment Managers (India) st Private Limited from 1 January 2020 till date with overall responsibilities of leading passive investment products. He has been associated with Mirae Asset Global Investments (India) th st Private Limited from 17 Oct, 2018 – 31 December 2019 with overall responsibilities of leading passive investment products of the company. Prior to this assignment, he was Senior Manager at NSE Indices Limited from Sep 2014 – Oct 2018 and was associated as Senior Associate at Morgan Stanley Capital International from Nov 2010 – Aug 2014.

Funds managed (6)

All schemes Siddharth Srivastava runs →

RPRitesh PatelManaging since 31 Jan 2024

Role

Head – Compliance, Legal and Company Secretary

Education

B.Com. F.C.S., LL.B.

Experience

Mr. Ritesh Patel has over 13 years of Mr. Akshay Udeshi has over 6 years experience in the field of of Commodities Market. Prior to this financial services. He assignment, Mr. Patel has worked as associated with the AMC since June Aditya Birla Money Ltd, IIFL 2021. Prior to this assignment, Mr. Securities, Ventura Securities and Udeshi choice broking Pvt. Ltd.

Funds managed (21)

All schemes Ritesh Patel runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Harshad Borawake Basant Bafna Siddharth Srivastava Ritesh Patel

Top holdings

ICICI Bank Ltd.HDFC Bank Ltd.State Bank of India Reliance Industries Ltd.Bharti Airtel Ltd.Axis Bank Ltd.Shriram Finance Ltd.Titan Company Ltd.TD Power Systems Ltd.Bajaj Finance Ltd.Mahindra & Mahindra Ltd.TVS Motor Company Ltd.

Mirae Asset in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

Run SIP calculator Add to compare

Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Multi Asset Allocation funds

Multi asset funds spread money across at least three asset classes — typically equity, debt and gold — each at 10% or more. The mix aims to reduce the impact of any one asset having a bad year.

Frequently asked questions

What is the NAV of Mirae Asset Multi Asset Allocation Fund?

As of 05 Oct 2026, the NAV of Mirae Asset Multi Asset Allocation Fund is ₹13.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Multi Asset Allocation Fund delivered?

Mirae Asset Multi Asset Allocation Fund has returned +6.04% over 1 year and +10.91% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

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

Mirae Asset Multi Asset Allocation Fund charges an expense ratio of 2.14% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund's largest holdings are Mirae Asset Gold ETF (12.1%), ICICI Bank Ltd. (4.6%), HDFC Bank Ltd. (4.2%), State Bank of India (2.8%) and Reliance Industries Ltd. (2.5%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund is rated high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 8.8% and its worst peak-to-trough fall in our sample was -9.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund is benchmarked against the 65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver. Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Multi Asset Allocation Fund?

Mirae Asset Multi Asset Allocation Fund is managed by Harshad Borawake, Basant Bafna, Siddharth Srivastava and Ritesh Patel at Mirae Asset.

How is Mirae Asset Multi Asset Allocation Fund taxed?

Mirae Asset Multi Asset Allocation Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.