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 July 31, 2023 |
75.30 Net AUM (₹ Cr.) |
81.32 Tracking Error Value~ |
~1 Year Tracking Difference for Direct Plan is 1.45% |
Monthly Total Expense Ratio |
(Including Statutory Levies) as on July 31, 2023 Regular Plan: 0.52% Direct Plan: 0.14% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 10.2680 | ₹ 10.2545 |
| IDCW | ₹ 10.2680 | ₹ 10.2545 |
| Portfolio Holdings | % Allocation |
| State Government Bond | |
| 8.44% Rajasthan SDL (07/03/2028) | 19.17% |
| 6.98% Maharashtra SDL (26/02/2028) | 18.19% |
| 8.43% Tamil Nadu SDL (07/03/2028) | 14.07% |
| 8.45% Uttar Pradesh SDL (27/06/2028) | 12.83% |
| 6.99% Telangana SDL (10/06/2028) | 10.90% |
| 7.49% Gujarat SDL (29/03/2028) | 6.18% |
| 8.2% Uttarakhand SDL (09/05/2028) | 5.07% |
| 8.28% Tamil Nadu SDL (21/02/2028) | 4.32% |
| 7.7% Andhra Pradesh SDL (01/03/2028) | 4.09% |
| 8.35% Gujarat SDL (28/02/2028) | 1.15% |
| 8.62% punjab SDL (13/06/2028) | 0.13% |
| 8.4% Rajasthan SDL (20/06/2028) | 0.13% |
| 8.4% Rajasthan SDL (06/06/2028) | 0.13% |
| State Government Bond Total | 96.36% |
| Cash & Other Receivables Total | 3.64% |
| Total | 100.00% |
| Average Maturity | 4.62 Yrs |
| Modified Duration | 3.73 Yrs |
| Macaulay Duration | 3.86 Yrs |
| Annualized Portfolio YTM* | 7.50% |
*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 :
Past Performance may or may not be sustained in future.
Note :
$Pursuant to clause 13.2.2 of SEBI master circular dated May 19, 2023, the scheme is in existence for less than 6 months 