MIRAE ASSET
NIFTY SDL JUN 2027 INDEX FUND - (MANJF)
(An open-ended target maturity Index Fund investing in the constituents of Nifty SDL Jun 2027 Index.
A scheme with relatively high interest rate risk and relatively low credit risk)
| Type of Scheme | An open-ended target maturity Index Fund investing in the constituents of Nifty SDL Jun 2027 Index. A scheme with relatively high interest rate risk and relatively low credit risk |
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| Investment Objective | The investment objective of the scheme is to track the Nifty SDL Jun 2027 Index by investing in State Development Loans (SDL), maturing on or before June 15, 2027, 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. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since March 30, 2022) Allotment Date |
30th March, 2022 Benchmark Index |
Nifty SDL Jun 2027 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 September 30, 2022 |
532.73 Net AUM (₹ Cr.) |
538.54 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on September 30, 2022 Regular Plan: 0.29% Direct Plan: 0.14% **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 | ₹ 9.9568 | ₹ 9.9486 |
| IDCW^ | ₹ 9.9568 | ₹ 9.9492 |
| Weighted Average Maturity | 4.43 Years |
| Modified Duration | 3.64 Years |
| Macaulay Duration | 3.91 Years |
| Yield to Maturity | 7.43% |
| Portfolio Holdings | % Allocation | |
| State Government Bond | ||
| 7.78% Bihar SDL (01/03/2027) | 6.57% | |
| 7.25% Punjab SDL (14/06/2027) | 4.97% | |
| 7.51% Maharashtra SDL (24/05/2027) | 4.89% | |
| 7.59% Karnataka SDL (29/03/2027) | 4.85% | |
| 7.92% West Bangal SDL (15/03/2027) | 4.72% | |
| 7.59% Gujarat SDL (15/02/2027) | 4.67% | |
| 7.55% Assam SDL (24/05/2027) | 4.65% | |
| 7.53% Haryana SDL (24/05/2027) | 4.65% | |
| 7.52% Uttar Pradesh SDL (24/05/2027) | 4.65% | |
| 7.2% Kerala SDL (14/06/2027) | 4.59% | |
| 7.76% Madhya Pradesh SDL (01/03/2027) | 3.75% | |
| 7.62% Uttar Pradesh SDL (15/02/2027) | 3.73% | |
| 7.54% Himachal Pradesh SDL (24/05/2027) | 3.72% | |
| 7.21% Uttarakhand SDL (14/06/2027) | 3.67% | |
| 8.31% Rajasthan SDL (08/04/2027) | 2.87% | |
| 7.86% Karnataka SDL (15/03/2027) | 2.83% | |
| 7.62% Tamilnadu SDL (29/03/2027) | 2.80% | |
| 7.61% Rajasthan SDL (29/03/2027) | 2.80% | |
| 7.52% Tamilnadu SDL (24/05/2027) | 2.79% | |
| 8.05% Jammu And Kashmir SDL (15/03/2027) | 1.90% | |
| 7.94% Jharkhand SDL (15/03/2027) | 1.89% | |
| 7.85% Bihar SDL (15/03/2027) | 1.88% | |
| 7.8% Jharkhand SDL (01/03/2027) | 1.88% | |
| 7.78% West Bengal SDL (01/03/2027) | 1.88% | |
| 7.62% Andhra Pradesh SDL (29/03/2027) | 1.87% | |
| 7.23% Tamilnadu SDL (14/06/2027) | 1.84% | |
| 7.23% Rajasthan SDL (14/06/2027) | 1.84% | |
| 7.64% West Bangal SDL (29/03/2027) | 1.02% | |
| 7.52% Gujarat SDL (24/05/2027) | 1.01% | |
| 7.61% Telangana SDL (12/06/2027) | 0.93% | |
| 7.46% Andhra Pradesh SDL (18/05/2027) | 0.93% | |
| 7.8% Chhattisgarh SDL (01/03/2027) | 0.19% | |
| 8.34% Andhra Pradesh SDL (30/05/2027) | 0.06% | |
| 7.63% West Bengal SDL (15/02/2027) | 0.04% | |
| State Government Bond Total | 97.35% | |
| Cash & Other Receivables Total | 2.65% | |
| Total | 100.00% | |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| MANJF | -1.17% |
-0.51% |
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| Scheme Benchmark* | -0.96% |
-0.20% |
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| Additional Benchmark** | -1.56% |
-2.01% |
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| NAV as on 30th September, 2022 | ₹ 9.9486 | |||
| Index Value (30th September, 2022) | Index Value of benchmark is 1,003.77 and CRISIL 10 Year Gilt Index is 4,027.97 | |||
| Allotment Date | 30th March, 2022 | |||
| Scheme Benchmark | *Nifty SDL Jun 2027 Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Mahendra Jajoo managing the scheme since 30th March, 2022.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns.
This product is suitable for investors who are seeking*
. Income over long term
. Open ended Target Maturity Index Fund that seeks to track Nifty SDL Jun 2027 Index
*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.
Note: Due to inflows into the scheme at the month end, the cash component in the scheme is visible on the higher side. This was subsequently deployed. The Yield of the SDL portion in the portfolio is 7.32% and annualized yield of the same is 7.45%. The current yield of the portfolio is 7.04% (including all components) and annualized yield of the same is 7.16%.
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 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option