mutual funds mirae asset multi asset allocation fund directgrowth

holdings

Mirae Asset Multi Asset Allocation Fund Direct-Growth

Hybrid: Multi Asset Allocation - Growth (Open ended)

Mirae Asset Multi Asset Allocation Fund Direct-GrowthNAV: 13.79 as on 07 Jul, 2026

Risk levelCategoryBenchmark

Factsheet

SEBI Riskometer: Very HighCategory: Hybrid: Multi Asset Allocation

NAV: ₹13.8-1.31%

08 Jul 2026

Holdings Analysis

Equity, debt and cash allocation snapshot with market cap distribution for Mirae Asset Multi Asset Allocation Fund Direct-Growth.

Asset Allocation

As on 31 May 2026

Equity

54.53%

Others

16.25%

Debt

16.19%

Commodities

12.64%

Real estate

0.38%

Market Cap Distribution

Large Cap (72.6%)

Mid Cap (12.8%)

Small Cap (14.6%)

Historical Asset Allocation

Asset	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026	31 Jan 2026	31 Dec 2025
Equity	54.53%	56.27%	54.67%	53.37%	54.10%	52.45%
Debt	16.19%	13.64%	14.85%	14.23%	14.09%	14.56%
Others (incl. cash)	16.25%	17.37%	15.94%	18.98%	17.55%	17.93%
Commodities	12.64%	12.34%	14.13%	12.99%	13.84%	14.60%
Real Estate	0.38%	0.39%	0.41%	0.43%	0.43%	0.46%

Portfolio Snapshot

No. of Securities

157

P/E Ratio

22.32

P/B Ratio

3.47

Top Holding %

16.00%

Top 5 Holdings %

39.31%

Top 10 Holdings %

49.85%

Modified Duration

1.90 yrs

Avg. Maturity

2.51 yrs

Yield to Maturity

6.38%

AUM

₹3,423 Cr

Expense Ratio

0.63%

Since Inception

14.12%

Max Drawdown

-0.09%

Top Portfolio Holdings by Weight

Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.

Instrument	Sector	No. of Shares	Value (Rs. Cr)	Weight	Change
HDFC Bank Ltd.	Financial	21,95,284	163.45	4.78%	-0.29%↓
ICICI Bank Ltd.	Financial	11,65,650	146.45	4.28%	0.22%↑
State Bank of India	Financial	9,40,794	90.73	2.65%	-0.24%↓
Bharti Airtel Ltd.	Communication	4,85,375	88.78	2.59%	-0.15%↓
Reliance Industries Ltd.	Energy	6,04,178	79.82	2.33%	-0.25%↓
Axis Bank Ltd.	Financial	4,84,400	62.32	1.82%	0.22%↑
Larsen & Toubro Ltd.	Construction	1,51,104	61.6	1.80%	-0.02%↓
Eternal Ltd.	Services	19,65,317	49.25	1.44%	-0.01%↓
Shriram Finance Ltd	Financial	4,85,278	45.96	1.34%	-0.02%↓
NTPC Ltd.	Energy	11,63,455	45.01	1.32%	-0.01%↓
Mahindra & Mahindra Ltd.	Automobile	1,35,850	41.37	1.21%	-0.05%↓
Bajaj Finance Ltd.	Financial	4,15,200	37.71	1.10%	-0.06%↓
JSW Energy Ltd.	Capital Goods	6,25,560	37.22	1.09%	0.04%↑
SBI Life Insurance Company Ltd.	Insurance	1,95,216	35.73	1.04%	-0.02%↓
Bharat Electronics Ltd.	Capital Goods	8,25,758	33.92	0.99%	0.33%↑
Infosys Ltd.	Technology	2,91,915	33.89	0.99%	-0.04%↓
Multi Commodity Exchange Of India Ltd.	Services	1,11,855	33.05	0.97%	-0.03%↓
Titan Company Ltd.	Consumer Discretionary	78,150	31.85	0.93%	-0.10%↓
TVS Motor Company Ltd.	Automobile	93,889	31.51	0.92%	0.23%↑
Adani Ports and Special Economic Zone Ltd.	Services	1,67,120	30.16	0.88%	0.05%↑

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Sector-wise Portfolio Allocation

Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.

Sector	31 May 2026	30 Apr 2026	31 Mar 2026	28 Feb 2026	31 Jan 2026	31 Dec 2025
Financial	16.46%	17.15%	16.57%	16.21%	16.55%	15.05%
Healthcare	5.26%	5.16%	4.67%	4.23%	4.41%	4.11%
Services	5.10%	5.40%	5.41%	5.41%	5.98%	5.30%
Energy	4.64%	4.64%	4.73%	4.33%	4.34%	4.17%
Automobile	3.75%	3.71%	3.54%	3.27%	3.41%	3.27%
Capital Goods	3.23%	3.13%	2.82%	2.90%	2.66%	2.42%
Communication	2.42%	2.70%	2.81%	2.76%	2.20%	2.03%
Technology	2.41%	2.56%	2.86%	2.94%	3.25%	3.51%
Consumer Staples	2.11%	2.25%	2.07%	2.24%	2.57%	3.09%
Construction	2.09%	2.18%	1.85%	2.21%	2.20%	2.09%
Consumer Discretionary	2.06%	2.15%	2.03%	1.98%	1.67%	1.59%
Metals & Mining	1.83%	1.95%	1.76%	1.66%	1.68%	1.75%
Materials	1.47%	1.52%	1.85%	1.66%	1.70%	2.20%
Insurance	1.20%	1.23%	1.19%	1.05%	0.93%	0.86%
Chemicals	0.51%	0.53%	0.49%	0.53%	0.54%	0.60%

Debt Holdings — Credit Quality Profile

Allocation of debt instruments by credit rating (AAA, AA, A, and below investment grade) as a percentage of net assets, compared against the category average. Higher AAA allocation indicates lower credit risk.

Rating	Fund	Category
Cash	12.38%	2.61%
AAA	5.95%	6.43%
AA+	5.06%	1.02%
Cash & Call Money	3.62%	5.01%
SOV	3.07%	8.03%
A1+	1.40%	1.78%
AA-	0.72%	0.17%
A	-	0.02%
A+	-	0.10%
AA	-	0.59%
Others	-	0.05%
Term Deposits	-	0.11%

Equity Insights

A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.

Style Analysis

Value score

51.9 / 100

Weighted average Value score is 51.9. This indicates that portfolio is relatively reasonably valued using composite of value measures.

Price Momentum score

60.4 / 100

Weighted average Price Momentum score is 60.4. This indicates that portfolio has average momentum using composite of momentum measures.

Quality score

72.0 / 100

Weighted average Quality score is 72.0. This indicates that portfolio has average quality using composite of quality measures.

QVM score

70.3 / 100

Weighted average QVM score is 70.3. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.

Red Flags

Earnings manipulation risk (Beneish M-score)

Following stocks have high risk of potential earnings manipulation (Beneish M-score > -1.78):

Name	Value
Varun Beverages Ltd.	-1.69

Declining revenues

Following companies have seen their sales decline for 2 consecutive quarters (measured on yoy basis): Canara Bank, GAIL (India) Ltd., Petronet LNG Ltd., Tata Motors Passenger Vehicles Ltd., Tata Power Company Ltd., Vedanta Ltd.

High leverage

Following companies have debt to equity of greater than 2:

Name	Value
Grasim Industries Ltd.	2.2
Tata Power Company Ltd.	2.02
TVS Motor Company Ltd.	3.43
JSW Energy Ltd.	2.5
Vedanta Power Ltd.	3.03
Interglobe Aviation Ltd.	11.15
Adani Green Energy Ltd.	5.26

Debt Insights

A detailed look at the debt holdings of this scheme — Is the scheme yielding enough? Includes credit quality, instrument breakdown and SEBI risk classification.

SEBI PRC matrix

Credit risk

	Interest risk
	Low	Moderate	High
Low
Moderate
High

Instruments

Full name	Description	Coupon rate	Maturity	Rating raw	Weight
GOI	GOI Securities	6.79%	07/10/2034	SOV	1.99%
National Bank For Agriculture & Rural Development	Bonds	7.53%	24/03/2028	[ICRA]AAA	1.45%
Torrent Pharmaceuticals Ltd.	Debenture	7.45%	19/01/2028	[ICRA]AA+	1.44%
Torrent Pharmaceuticals Ltd.	Non Convertible Debenture	7.60%	19/01/2029	[ICRA]AA+	1.44%
Cholamandalam Investment and Finance Company Ltd.	Debenture	8.20%	17/02/2028	[ICRA]AA+	0.73%
Piramal Finance Pvt. Ltd.	Bonds/NCDs	8.75%	29/10/2027	[ICRA]AA+	0.73%
HDFC Bank Ltd.	Debenture	7.78%	13/04/2027	CRISIL AAA	0.73%
INDOSTAR-12.25%-23-5-16-A-PVT	Debenture	8.85%	22/05/2028	CARE AA-	0.72%
ICICI Securities Ltd.	Debenture	7.45%	24/11/2028	CRISIL AAA	0.72%
Muthoot Finance Ltd.	Non Convertible Debenture	7.88%	22/11/2028	CRISIL AA+	0.72%
GOI	GOI Securities	7.43%	19/01/2076	SOV	0.71%
Bank Of Baroda	Certificate of Deposit	0.00%	25/11/2026	IND A1+	0.70%
REC Ltd.	Debenture	6.52%	31/01/2028	[ICRA]AAA	0.63%
Power Finance Corporation Ltd.	Bonds	7.44%	15/01/2030	CRISIL AAA	0.58%
Mindspace Business Parks REIT	Debenture	6.96%	08/12/2028	[ICRA]AAA	0.57%
Bharti Telecom Ltd.	Non Convertible Debenture	7.85%	20/03/2029	CRISIL AAA	0.43%
Mindspace Business Parks REIT	Non Convertible Debenture	7.17%	05/03/2029	[ICRA]AAA	0.43%
LIC Housing Finance Ltd.	Non Convertible Debenture	7.58%	23/03/2035	CRISIL AAA	0.41%
National Bank For Agriculture & Rural Development	Certificate of Deposit	0.00%	04/02/2027	CRISIL A1+	0.35%
HDFC Bank Ltd.	Certificate of Deposit	0.00%	22/01/2027	CRISIL A1+	0.35%
GOI	GOI Securities	7.10%	08/04/2034	SOV	0.30%
Maharashtra State	State Development Loan	6.98%	26/02/2028	SOV	0.07%

Frequently Asked Questions

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

The top holdings of Mirae Asset Multi Asset Allocation Fund Direct-Growth sorted by portfolio weight are listed in the Top Portfolio Holdings section of the Holdings tab.

How many stocks does Mirae Asset Multi Asset Allocation Fund Direct-Growth hold in its portfolio?

Mirae Asset Multi Asset Allocation Fund Direct-Growth holds 157 securities in its portfolio. The top 5 holdings account for 39.31% of the portfolio and the top 10 for 49.85% — a well-diversified portfolio that minimises stock-specific risk.

What is the sector allocation of Mirae Asset Multi Asset Allocation Fund Direct-Growth?

The sector allocation of Mirae Asset Multi Asset Allocation Fund Direct-Growth is in the Sector Allocation section, showing each industry's weight in the portfolio.

What is the equity and debt allocation of Mirae Asset Multi Asset Allocation Fund Direct-Growth?

As of 31 May 2026, Mirae Asset Multi Asset Allocation Fund Direct-Growth has 54.53% in equity, 16.19% in debt and 16.25% in cash/others. This asset mix determines the fund's overall risk-return profile. The debt portfolio has a yield to maturity (YTM) of 6.38%.

What is the market cap allocation of Mirae Asset Multi Asset Allocation Fund Direct-Growth?

Mirae Asset Multi Asset Allocation Fund Direct-Growth's equity portfolio — Large Cap: 72.55%, Mid Cap: 12.82%, Small Cap: 14.63%. Market cap allocation determines the fund's risk profile — large cap offers stability while mid and small cap offer higher growth potential with higher volatility.

Is Mirae Asset Multi Asset Allocation Fund Direct-Growth a concentrated or diversified fund?

Mirae Asset Multi Asset Allocation Fund Direct-Growth holds 157 securities, with the top 10 accounting for 49.85% of the portfolio and the top 5 for 39.31%. With 157 holdings, this is a well-diversified fund — stock-specific risk is limited.

What is the credit quality of Mirae Asset Multi Asset Allocation Fund Direct-Growth?

The debt holdings of Mirae Asset Multi Asset Allocation Fund Direct-Growth are rated as follows — Cash: 12.38%, AAA: 5.95%, AA+: 5.06%, Cash & Call Money: 3.62%, and others. Higher allocation to AAA and sovereign instruments means lower credit risk. The full rating profile compared to the category average is in the Credit Rating section.

How often does Mirae Asset Multi Asset Allocation Fund Direct-Growth change its portfolio?

The portfolio currently holds 157 securities with the top 10 accounting for 49.85% as of 31 May 2026. Portfolio turnover reflects how actively the fund manager trades. A high turnover increases transaction costs while a low turnover reflects a buy-and-hold approach. Historical asset allocation snapshots across multiple dates are in the Holdings Analysis section.

What is the PE ratio of Mirae Asset Multi Asset Allocation Fund Direct-Growth's portfolio?

The weighted average PE ratio of Mirae Asset Multi Asset Allocation Fund Direct-Growth's portfolio is 22.32 and the PB ratio is 3.47. The debt portfolio has a modified duration of 1.90 years and an average maturity of 2.51 years. These metrics reflect the overall valuation and interest rate sensitivity of the portfolio.

When is the latest portfolio disclosure for Mirae Asset Multi Asset Allocation Fund Direct-Growth?

The latest portfolio disclosure for Mirae Asset Multi Asset Allocation Fund Direct-Growth is as of 31 May 2026. Mutual funds and ETFs in India are required to disclose their full portfolio monthly, within 10 business days of month-end. You can switch between historical disclosure dates using the date selector in the Top Portfolio Holdings section.

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Asset

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

31 Jan 2026

31 Dec 2025

Equity

54.53%

56.27%

54.67%

53.37%

54.10%

52.45%

Debt

16.19%

13.64%

14.85%

14.23%

14.09%

14.56%

Others (incl. cash)

16.25%

17.37%

15.94%

18.98%

17.55%

17.93%

Commodities

12.64%

12.34%

14.13%

12.99%

13.84%

14.60%

Real Estate

0.38%

0.39%

0.41%

0.43%

0.46%

Instrument

Sector

No. of Shares

Value (Rs. Cr)

Weight

Change

HDFC Bank Ltd.

Financial

21,95,284

163.45

4.78%

-0.29%↓

ICICI Bank Ltd.

Financial

11,65,650

146.45

4.28%

0.22%↑

State Bank of India

Financial

9,40,794

90.73

2.65%

-0.24%↓

Bharti Airtel Ltd.

Communication

4,85,375

88.78

2.59%

-0.15%↓

Reliance Industries Ltd.

Energy

6,04,178

79.82

2.33%

-0.25%↓

Axis Bank Ltd.

Financial

4,84,400

62.32

1.82%

0.22%↑

Larsen & Toubro Ltd.

Construction

1,51,104

61.6

1.80%

-0.02%↓

Eternal Ltd.

Services

19,65,317

49.25

1.44%

-0.01%↓

Shriram Finance Ltd

Financial

4,85,278

45.96

1.34%

-0.02%↓

NTPC Ltd.

Energy

11,63,455

45.01

1.32%

-0.01%↓

Mahindra & Mahindra Ltd.

Automobile

1,35,850

41.37

1.21%

-0.05%↓

Bajaj Finance Ltd.

Financial

4,15,200

37.71

1.10%

-0.06%↓

JSW Energy Ltd.

Capital Goods

6,25,560

37.22

1.09%

0.04%↑

SBI Life Insurance Company Ltd.

Insurance

1,95,216

35.73

1.04%

-0.02%↓

Bharat Electronics Ltd.

Capital Goods

8,25,758

33.92

0.99%

0.33%↑

Infosys Ltd.

Technology

2,91,915

33.89

0.99%

-0.04%↓

Multi Commodity Exchange Of India Ltd.

Services

1,11,855

33.05

0.97%

-0.03%↓

Titan Company Ltd.

Consumer Discretionary

78,150

31.85

0.93%

-0.10%↓

TVS Motor Company Ltd.

Automobile

93,889

31.51

0.92%

0.23%↑

Adani Ports and Special Economic Zone Ltd.

Services

1,67,120

30.16

0.88%

0.05%↑

Sector

31 May 2026

30 Apr 2026

31 Mar 2026

28 Feb 2026

31 Jan 2026

31 Dec 2025

Financial

16.46%

17.15%

16.57%

16.21%

16.55%

15.05%

Healthcare

5.26%

5.16%

4.67%

4.23%

4.41%

4.11%

Services

5.10%

5.40%

5.41%

5.98%

5.30%

Energy

4.64%

4.73%

4.33%

4.34%

4.17%

Automobile

3.75%

3.71%

3.54%

3.27%

3.41%

3.27%

Capital Goods

3.23%

3.13%

2.82%

2.90%

2.66%

2.42%

Communication

2.42%

2.70%

2.81%

2.76%

2.20%

2.03%

Technology

2.41%

2.56%

2.86%

2.94%

3.25%

3.51%

Consumer Staples

2.11%

2.25%

2.07%

2.24%

2.57%

3.09%

Construction

2.09%

2.18%

1.85%

2.21%

2.20%

2.09%

Consumer Discretionary

2.06%

2.15%

2.03%

1.98%

1.67%

1.59%

Metals & Mining

1.83%

1.95%

1.76%

1.66%

1.68%

1.75%

Materials

1.47%

1.52%

1.85%

1.66%

1.70%

2.20%

Insurance

1.20%

1.23%

1.19%

1.05%

0.93%

0.86%

Chemicals

0.51%

0.53%

0.49%

0.53%

0.54%

0.60%

Rating

Fund