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
₹14.56
0.19%
NAV as on 04 Feb 26, 12:00 AM
moderately high risk
dynamic asset allocation
hybrid (nc)
NAV as on 04 Feb 26, 12:00 AM
moderately high risk
dynamic asset allocation
hybrid (nc)
9.20%p.a.
Last 1Y
12.75%p.a.
Last 3Y
0.00%p.a.
Last 5Y
11.37%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 2,021.33 Cr fund under management as on Feb 2026. 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 9.2% annual returns during the last year. It has delivered 11.4% 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
Repo
2.43%
Net Receivables
0.95%
Cash Margin
14.33%
CENTRAL GOVERNMENT LOAN 31280 GOI 17JN32 6.54 FV RS 100
1.24%
BHARTI TELECOM LIMITED SR XIII 8.7 LOA 05DC25 FVRS10LAC
0.15%
GOVERNMENT OF INDIA 32584 GOI 06FB33 7.26 FV RS 100
0.51%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24A 7.5 BD 31AU26 FVRS1LAC
0.75%
GOI Sec 7.18 14/08/2033
3.59%
GOVERNMENT OF INDIA 34208 GOI 08AP34 7.1 FV RS 100
1.75%
GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100
0.25%
Fund Managers
- Mahendra Kumar Jajoo (Jul 2022 - Present)
- Harshad Borawake (Jul 2022 - Present)
- Basant Bafna (Dec 2025 - 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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