MIRAE ASSET
CORPORATE BOND FUND - (MACBF)
(Corporate Bond Fund - An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
A relatively high interest rate risk and relatively high credit risk
| Type of Scheme | Corporate Bond Fund - An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds A relatively high interest rate risk and relatively high credit risk |
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| Investment Objective | 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. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since March 17, 2021) Allotment Date |
17th March, 2021 Benchmark Index |
NIFTY Corporate Bond Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit Load: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on December 31, 2021 |
127.79 Net AUM (₹ Cr.) |
127.51 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on December 31, 2021 Regular Plan: 0.91% Direct Plan: 0.47% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
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| NAV: | Direct | Regular |
| Growth | ₹ 10.3869 | ₹ 10.3503 |
| IDCW | ₹ 10.3868 | ₹ 10.3503 |
| Weighted Average Maturity | 1.91 Years |
| Modified Duration | 1.66 Years |
| Macaulay Duration | 1.75 Years |
| Yield to Maturity | 5.06% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 8.25% Indian Railway Finance Corporation Ltd (28/02/2024) | 6.24% | |
| 9.95% Food Corporation Of India (07/03/2022) | 5.55% | |
| 7.62% Export Import Bank of India (01/09/2026) | 4.16% | |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 4.02% | |
| 7.17% Reliance Industries Ltd (08/11/2022) | 4.00% | |
| 7.03% REC Ltd (07/09/2022) | 3.98% | |
| 6.75% Sikka Ports and Terminals Ltd (22/04/2026) | 3.95% | |
| 6.15% L&T Finance Ltd (17/05/2023) | 3.94% | |
| 5.32% National Housing Bank (01/09/2023) | 3.94% | |
| 5.47% Power Finance Corporation Ltd (19/08/2023) | 3.94% | |
| 5.84% Tata Capital Financial Services Ltd (17/03/2023) | 3.94% | |
| 5.35% National Housing Bank (12/02/2024) | 3.94% | |
| 5.44% National Bank For Agriculture and Rural Development (05/02/2024) | 3.93% | |
| 5.3% Housing Development Finance Corporation Ltd (08/03/2023) | 3.93% | |
| 5.24% Small Industries Dev Bank of India (26/03/2024) | 3.92% | |
| 4.99% REC Ltd (31/01/2024) | 3.89% | |
| 5.1% Sundaram Finance Ltd (01/12/2023) | 3.88% | |
| 4.57% UltraTech Cement Ltd (29/12/2023) | 3.87% | |
| 6.4% Jamnagar Utilities & Power Private Ltd (29/09/2026) | 3.87% | |
| Corporate Bond Total | 78.92% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 7.79% | |
| Government Bond Total | 7.79% | |
| Cash & Other Receivables Total | 13.29% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 6 Months (simple annualised) | ||||
| MACBF | 3.89 |
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| Scheme Benchmark* | 4.87 |
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| Additional Benchmark** | -0.35 |
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| NAV as on 31st December, 2021 | 10.3503 | |||
| Index Value (31st December, 2021) | Index Value of benchmark is 5,033.41 and CRISIL 10 Year Gilt Index is 4,100.79 | |||
| Allotment Date | 17th March, 2021 | |||
| Scheme Benchmark | *Nifty Corporate Bond Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Fund manager : Mr. Mahendra Jajoo managing the scheme since17th March, 2021.
This product is suitable for investors who are seeking*
. To generate income over Medium to long term
. Investments predominantly in high quality corporate bonds
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 