NAV as on 27-03-2025
₹ 12.69
▲0.1%
1D
Inception Returns
6.1%
/yr
Mirae Asset Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 17 March, 2021. The fund is managed by Amit Modani. This fund is suitable to keep your money safe.
Mirae Asset Corporate Bond Fund Direct Growth has given a CAGR return of 6.09% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.57% and 6.59% respectively.
Mirae Asset Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 6.79% Government Of India (07/10/2034), Power Finance Corporation Ltd., HDFC Bank Limited, Bajaj Housing Finance Ltd. 8.04%, Mahanagar Telephone Nigam Limited
As it is a corporate bond mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.Dividends will always be taxed at slab rate.
The investment objective of the scheme is to provide income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds. The Scheme does not guarantee or assure any returns.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Corporate Bond Fund Direct Growth has no lock in period.
Expense ratio | 0.21% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹41 Cr |
Inception Date | 17 March, 2021 |
Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 354.7% |
STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Moderate Risk |
as on (27-Mar-25)
as on (31-Dec-69)
Top 2 Sectors in February were Corporate, Government
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Mirae Asset Corporate Bond Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.1% | 1.1% |
6 Month Returns | 4.05% | 4.05% |
1 Year Returns | 8.57% | 8.57% |
3 Years Returns | 21.11% | 6.59% |
5 Years Returns | 0% | 0% |
AAA | 100 |