Mirae Asset Corporate Bond Fund Direct Growth
About the Fund
Mirae Asset Corporate Bond Fund Direct Growth is a debt fund. This fund was started on 17 March, 2021. The fund is managed by Mahendra Jajoo. This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Corporate Bond Fund Direct Growth has ₹45 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Mirae Asset Corporate Bond Fund Direct Growth has given a CAGR return of 5.56% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.20% and 5.44% respectively.
Holdings
Mirae Asset Corporate Bond Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Bank for Agriculture and Rural Development 7.68%, Small Industries Development Bank Of India, 7.23% Govt Stock 2039, National Housing Bank, Power Finance Corporation Ltd.
Taxation
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:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
Investment objective of Mirae Asset Corporate Bond Fund Direct Growth
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 and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Mirae Asset Corporate Bond Fund Direct Growth has no lock in period.
Fund Overview
| Expense ratio | 0.22% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹45 Cr |
| Inception Date | 17 March, 2021 |
| Min Lumpsum/SIP | ₹5000/₹1000 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 191.14% |
| Risk |   Moderate Risk |
Fund Distributionas on (31-Dec-69)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 National Bank for Agriculture and Rural Development 7.68% | 9% | 0% | |
Small Industries Development Bank Of India | 8.93% | 100% | |
7.23% Govt Stock 2039 | 8.01% | 0% | |
National Housing Bank | 6.75% | 100% | |
Power Finance Corporation Ltd. | 6.67% | 0% |
Mirae Asset Corporate Bond Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹45 Cr
Expense Ratio 0.22%
Frequently Asked Questions
Mirae Asset Corporate Bond Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.72% | 0.72% |
6 Month Returns | 4.27% | 4.27% |
1 Year Returns | 7.2% | 7.2% |
3 Years Returns | 17.22% | 5.44% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
AAA | 100 |