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

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

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Debt
Direct
Corporate Bond

NAV: ₹ 10.8 as on 08-02-2023

Fund Performance

Fund Performance as on (01-Jan-70)

Return
1M
3M
6M
1Y
This Fund
0.5%
1.7%
2.6%
3.7%
Benchmark
0.6%
1.6%
2.5%
3.5%
About the Fund

Mirae Asset Corporate Bond Fund Direct Reinvestment 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, Basant Bafna. This fund is suitable to keep your money safe.

Key parameters

1) Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl has a NAV of 10.7871 as on 08-02-2023.

2) Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl has 62 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.

3) The fund has an expense ratio 0.45 %.

Fund Overview

Expense ratio
Expense ratio
0.45%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹62 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
177.18%

Fund Distribution as on (31-Dec-22)

  • Debt & Cash 100%
Credit rating breakup
AAA
100%

Sector Allocation

Dec'22

Nov'22

Oct'22

Corporate

55.5%

Government

38.7%

Cash Equivalent

5.8%

Top Holdings as on (31-Dec-69)

  • Debt & Cash
Debt Holdings13
Holdings
Weight%
Holdings Trend
1M Change
7.38% Govt Stock 2027
7.38% Govt Stock 2027
8.12%
0%
Larsen And Toubro Limited
Larsen And Toubro Limited
8.03%
0%
Ntpc Limited
Ntpc Limited
8%
0%
National Bank For Agriculture And Rural Development
National Bank For Agriculture And Rural Development
7.98%
0%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
7.94%
0%

What changed

in last one month
  • Scheme
  • Portfolio
AUM decreased by 0.5 Cr in last 1M
Dec'69 return underperformed benchmark

Change in AUM

Dec'22
₹ 61.8 Cr
Nov'22
₹ 62.3 Cr
Oct'22
₹ 63.4 Cr

Fund Returns vs Benchmark

Jan'23
0.72%
0.75%
Dec'22
-0.14%
-0.20%
Nov'22
0.60%
0.66%
Fund Return
Benchmark Return

Fund Manager

Mahendra Jajoo

Mahendra Jajoo

Fund Manager of Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl, since 17 March 2021
Basant Bafna

Basant Bafna

Fund Manager of Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl, since 16 January 2023

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Email
customercare@miraeasset.com

Fund 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 4.07% since inception which is less than its category average return of 5.31%
AUM size ₹62 Cr

AUM size ₹62 Cr

This fund has AUM of ₹62 Cr which is less than its category average of ₹ 4961 Cr
Expense Ratio 0.45%

Expense Ratio 0.45%

This fund has an expense ratio of 0.45% which is less than its category average expense ratio of 0.58%

Frequently Asked Questions

The current NAV of Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl is 10.79 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl
Absolute Returns
CAGR Returns
1 Month Returns
0.55%
0.55%
6 Month Returns
2.72%
2.72%
1 Year Returns
3.81%
3.81%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.45 as on January 2023
62 Cr as on January 2023
Yield to Maturity is 7.43 as on January 2023. 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 2.2 as on January 2023. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
100
Mahendra Jajoo,Basant Bafna are the fund managers of Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl
The Exit load of Mirae Asset Corporate Bond Fund Direct Reinvestment of Income Distribution cum Cptl Wrdl is 0%

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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.