Mirae Asset Corporate Bond Fund Direct Growth

Mirae Asset Corporate Bond Fund Direct Growth

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Debt
Direct
Corporate Bond
NAV: ₹ 11.84 as on 30-05-2024

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

  1. Mirae Asset Corporate Bond Fund Direct Growth has ₹49 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.2.
Fund Performance
zero opening, trading, fund transfer fee
17 people have invested ₹ 5.8L in Mirae Asset Corporate Bond Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.22%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹49 Cr
Inception Date
Inception Date
17 March, 2021
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
191.14%

Mirae Asset Corporate Bond Fund Direct Growth Distribution as on (31-Dec-69)

  • Debt & Cash 99.7%

Credit rating breakup

AAA
100%
Sector Allocation

Apr'24

Mar'24

Feb'24

Corporate
52.8%
Government
42.1%
Cash Equivalent
5.2%

Top Holdings of Mirae Asset Corporate Bond Fund Direct Growth as on (30-Apr-24)

  • Debt & Cash

Debt Holdings20
Holdings
Weight%
1M Change
7.18% Govt Stock 2033
7.18% Govt Stock 2033
12.35%
0%
National Bank for Agriculture and Rural Development 7.68%
National Bank for Agriculture and Rural Development 7.68%
8.18%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
6.15%
0%
Bajaj Finance Limited
Bajaj Finance Limited
6.1%
0%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
6.07%
-40%

Monthly Changes Updates

All changes are between Oct'69 and Dec'69
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 49.8 Cr
₹ 51.1 Cr
₹ 57.9 Cr
  • AUM of the fund stands at 49.8 Cr as of Apr'24
  • AUM decreased by 1.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Mahendra Jajoo
Mahendra Jajoo
Fund Manager of Mirae Asset Corporate Bond Fund Direct Growth, since 17 March 2021

Mirae Asset Corporate Bond Fund Direct Growth Highlights

Risk meter
pointer

Moderate Risk

Investors understand that their principal will be at Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 5.42% since inception which is less than its category average return of 5.47%
AUM size ₹49 Cr

AUM size ₹49 Cr

This fund has AUM of ₹49 Cr which is less than its category average of ₹ 6076 Cr
Expense Ratio 0.22%

Expense Ratio 0.22%

This fund has an expense ratio of 0.22% which is less than its category average expense ratio of 0.59%

Frequently Asked Questions

The current NAV of Mirae Asset Corporate Bond Fund Direct Growth is ₹11.84 as on 30-May-2024.
Existing (Absolute + CAGR) as on 30-May-2024.
Mirae Asset Corporate Bond Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.86%
0.86%
6 Month Returns
4.13%
4.13%
1 Year Returns
6.63%
6.63%
3 Years Returns
16.48%
5.22%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • 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.
0.22% as on April 2024
₹49 Cr as on April 2024
7.18% Govt Stock 2033(12.35%), National Bank for Agriculture and Rural Development 7.68%(8.18%), Rural Electrification Corporation Limited(6.15%), Bajaj Finance Limited(6.1%), Power Finance Corporation Ltd.(6.07%) as on April 2024
Corporate(56.88%), Government(39.93%), Cash Equivalent(3.19%) as on April 2024
Yield to Maturity is 7.64 as on April 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.58 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Mahendra Jajoo is the fund manager of Mirae Asset Corporate Bond Fund Direct Growth
The Exit load of Mirae Asset Corporate Bond Fund Direct Growth is 0%