Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth

Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth is a debt fund. This fund was started on 31 March, 2023. The fund is managed by Mahendra Jajoo. This fund is suitable to keep your money safe.

1. Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth has ₹73 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
2. The fund has an expense ratio 0.1.
   

Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth has given a CAGR return of 8.79% since inception. Over the last 1 year the fund has given a CAGR return of 10.10%.

Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth has allocated its funds majorly in Government, Cash Equivalent. Its top holdings are 06.98 MH Sdl 2028, 08.45 Up SDL 2028, 08.32 Tn SDL 2028, 07.22 GJ Sdl 2028, 06.99 Ts SDL 2028

As it is a index funds - fixed income 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 track the Nifty SDL June 2028 Index by investing in State Development Loans (SDL), maturing on or before June 30, 2028, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 0.00. Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth has no lock in period.