Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl

Debt
Direct
Corporate Bond
Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl

About the Fund

Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl 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 Payout of Income Distribution cum Cptl Wrdl has ₹44 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.

Returns

Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl has given a CAGR return of 5.51% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 7.21% and 5.45% respectively.

Holdings

Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are National Bank for Agriculture and Rural Development 7.68%, 7.1% Govt Stock 2034, National Housing Bank, Small Industries Development Bank Of India, Bajaj Finance Limited

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 Payout of Income Distribution cum Cptl Wrdl

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 Payout of Income Distribution cum Cptl Wrdl has no lock in period.

Fund Performance

Fund Overview

Expense ratio0.22%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹44 Cr
Inception Date17 March, 2021
Min Lumpsum/SIP₹5000/₹1000
Exit Load0%
Lock InNo Lock-in
TurnOver
191.14%
Risk
Risk meter
pointer
Moderate Risk

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 99.6%

AAA
100%

Sector Allocation

May'24

Apr'24

Mar'24

Corporate
56.9%
Government
39.9%
Cash Equivalent
3.2%
All changes are between Oct'69 and Dec'69

as on (30-Jun-24)

  • Debt & Cash

Holdings
Weight%
1M Change
National Bank for Agriculture and Rural Development 7.68%
National Bank for Agriculture and Rural Development 7.68%
9.05%
0%
7.1% Govt Stock 2034
7.1% Govt Stock 2034
8.54%
0%
National Housing Bank
National Housing Bank
6.79%
0%
Bajaj Finance Limited
Bajaj Finance Limited
6.74%
0%
Small Industries Development Bank Of India
Small Industries Development Bank Of India
6.74%
100%

Mahendra Jajoo
Mahendra Jajoo
Fund Manager of Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl, since 17 March 2021

Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl 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 5.51% since inception which is less than its category average return of 5.53%
AUM size ₹44 Cr

AUM size ₹44 Cr

This fund has AUM of ₹44 Cr which is less than its category average of ₹ 6114 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 Payout of Income Distribution cum Cptl Wrdl is ₹11.95 as on 11-Jul-2024.
Existing (Absolute + CAGR) as on 11-Jul-2024.
Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl
Absolute Returns
CAGR Returns
1 Month Returns
0.72%
0.72%
6 Month Returns
4.18%
4.18%
1 Year Returns
7.21%
7.21%
3 Years Returns
17.27%
5.45%
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 June 2024
₹44 Cr as on June 2024
National Bank for Agriculture and Rural Development 7.68%(9.05%), 7.1% Govt Stock 2034(8.54%), National Housing Bank(6.79%), Small Industries Development Bank Of India(6.74%), Bajaj Finance Limited(6.74%) as on June 2024
Corporate(58.39%), Government(37.89%), Cash Equivalent(3.72%) as on June 2024
Yield to Maturity is 7.61 as on June 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 3.5 as on June 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 Payout of Income Distribution cum Cptl Wrdl
The Exit load of Mirae Asset Corporate Bond Fund Direct Payout of Income Distribution cum Cptl Wrdl is 0%