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 November 30, 2021 |
129.13 Net AUM (₹ Cr.) |
127.08 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on November 30, 2021 Regular Plan: 0.90% 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 | ₹ 10.3686 | ₹ 10.3358 |
| IDCW | ₹ 10.3684 | ₹ 10.3358 |
| Weighted Average Maturity | 1.90 Years |
| Modified Duration | 1.66 Years |
| Macaulay Duration | 1.75 Years |
| Yield to Maturity | 4.93% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 5.24% Small Industries Dev Bank of India (26/03/2024) | 7.89% | |
| 7.17% National Highways Auth Of Ind (23/12/2021) | 7.89% | |
| 8.25% Indian Railway Finance Corporation Ltd (28/02/2024) | 6.29% | |
| 7.62% Export Import Bank of India (01/09/2026) | 4.20% | |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 4.06% | |
| 7.17% Reliance Industries Ltd (08/11/2022) | 4.03% | |
| 7.03% REC Ltd (07/09/2022) | 4.01% | |
| 6.75% Sikka Ports and Terminals Ltd (22/04/2026) | 3.98% | |
| 5.47% Power Finance Corporation Ltd (19/08/2023) | 3.97% | |
| 5.32% National Housing Bank (01/09/2023) | 3.97% | |
| 6.15% L&T Finance Ltd (17/05/2023) | 3.97% | |
| 5.84% Tata Capital Financial Services Ltd (17/03/2023) | 3.96% | |
| 5.44% NABARD (05/02/2024) | 3.96% | |
| 5.35% National Housing Bank (12/02/2024) | 3.95% | |
| 5.3% Housing Development Finance Corporation Ltd (08/03/2023) | 3.95% | |
| 5.1% Sundaram Finance Ltd (01/12/2023) | 3.91% | |
| 4.99% REC Ltd (31/01/2024) | 3.91% | |
| 6.4% Jamnagar Utilities & Power Private Ltd (29/09/2026) | 3.90% | |
| 4.57% UltraTech Cement Ltd (29/12/2023) | 3.90% | |
| Corporate Bond Total | 85.67% | |
| Government Bond | ||
| 5.63% GOI (12/04/2026) | 3.93% | |
| Government Bond Total | 3.93% | |
| Cash & Other Receivables Total | 10.39% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 6 Months (simple annualised) | ||||
| MACBF | 3.62 |
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| Scheme Benchmark* | 5.12 |
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| Additional Benchmark** | 0.78 |
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| NAV as on 30th November, 2021 | 10.3358 | |||
| Index Value (30th November, 2021) | Index Value of benchmark is 5,028.68 and CRISIL 10 Year Gilt Index is 4,115.65 | |||
| Allotment Date | 17th Marchr, 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
• Degree of risk - Low to Moderate
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
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 