MIRAE ASSET
NIFTY SDL JUNE 2028 INDEX FUND - (MANSJ28F)$
(An open-ended target maturity Index Fund investing in the constituents of Nifty SDL June 2028 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 June 2028 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 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. |
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Fund Manager** |
Mr. Mahendra Jajoo (since March 31, 2023) Allotment Date |
31st March, 2023 Benchmark Index |
Nifty SDL June 2028 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 May 31, 2023 |
72.66 Net AUM (₹ Cr.) |
72.88 Tracking Error Value~ |
~1 Year Tracking Difference for Regular Plan is 1.65% |
Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on May 31, 2023 Regular Plan: 0.54% Direct Plan: 0.14% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 10.1906 | ₹ 10.1837 |
| IDCW | ₹ 10.1906 | ₹ 10.1837 |
| Portfolio Holdings | % Allocation |
| State Government Bond | |
| 8.44% Rajasthan SDL (07/03/2028) | 21.51% |
| 6.98% Maharashtra SDL (26/02/2028) | 20.39% |
| 8.43% Tamil Nadu SDL (07/03/2028) | 15.77% |
| 8.09% West Bangal SDL (31/01/2028) | 14.14% |
| 7.49% Gujarat SDL (29/03/2028) | 6.93% |
| 8.2% Uttarakhand SDL (09/05/2028) | 5.69% |
| 8.28% Tamil Nadu SDL (21/02/2028) | 4.84% |
| 7.7% Andhra Pradesh SDL (01/03/2028) | 4.59% |
| 8.35% Gujarat SDL (28/02/2028) | 1.29% |
| 8.62% punjab SDL (13/06/2028) | 0.14% |
| 8.4% Rajasthan SDL (20/06/2028) | 0.14% |
| 8.4% Rajasthan SDL (06/06/2028) | 0.14% |
| State Government Bond Total | 95.59% |
| Cash & Other Receivables Total | 4.41% |
| Total | 100.00% |
| Average Maturity | 4.55 Yrs |
| Modified Duration | 3.68 Yrs |
| Macaulay Duration | 3.82 Yrs |
| Annualized Portfolio YTM* | 7.35% |
*In case of semi annual YTM, it will be annualized.
This product is suitable for investors who are seeking*
. Income over long term
. Investment in securities in line with Nifty SDL June 2028 Index to generate comparable returns subject to tracking errors
*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 : Pursuant to SEBI circular dated March 04, 2021, the scheme has been in existence for less than six months, hence performance shall not be provided. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 