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 Moderate 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 Moderate credit risk. |
||||||||||||||||||||||
| 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. |
||||||||||||||||||||||
Fund Manager** |
Mr. Mahendra Jajoo - (since March 17, 2021) and Mr. Basant Bafna - (since January 16, 2023) Allotment Date |
17th March, 2021 Benchmark Index |
CRISIL Corporate Bond B-III 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, 2023 |
58.96 Net AUM (₹ Cr.) |
58.88 Monthly Total Expense Ratio |
(Including Statutory Levies) as on November 30, 2023 Regular Plan: 0.91% Direct Plan: 0.46% **For experience of Fund Managers Click Here |
| ||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 11.3662 | ₹ 11.2304 |
| IDCW | ₹ 11.3643 | ₹ 11.2302 |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| 4.5% Oil & Nat Gas Corp Ltd (09/02/2024)** | 8.44% |
| 7.25% NABARD (01/08/2025)** | 8.41% |
| 7.44% SIDBI (04/09/2026)** | 8.40% |
| 6.25% Embassy Off Park (18/10/24)** | 8.37% |
| 7.13% Power Fin Corp (15/07/2026)** | 8.34% |
| 7.77% REC Ltd (31/03/2028)** | 5.09% |
| 7.90% Bajaj Fin Ltd (13/04/2028)** | 5.06% |
| 6.44% HDFC Bank Ltd (27/09/2028)** | 4.81% |
| 7.68% IRFC (24/11/2026)** | 3.40% |
| 7.90% Jamnagar Uti & Pow Pvt (10/08/2028)** | 3.39% |
| 7.50% Power Grid Corp Ltd (24/08/33)** | 3.38% |
| 7.71% REC Ltd (31/10/2033)** | 2.55% |
| 7.68% Bank of Baroda (01/12/33)** | 1.70% |
| 5% Kotak Mah Prim Ltd (20/12/23)** | 1.70% |
| 7.6% REC Ltd (28/02/2026)** | 1.69% |
| Corporate Bond Total | 74.73% |
| Government Bond | |
| 7.18% GOI (14/08/2033) | 11.80% |
| 7.06% GOI (10/04/2028) | 5.90% |
| Government Bond Total | 17.70% |
| Corporate Debt Market Development Fund^ | |
| Class A2 units of Corporate Debt Market Development Fund # | 0.26% |
| Corporate Debt Market Development Fund Total | 0.26% |
| Cash & Other Receivables Total | 7.31% |
| Total | 100.00% |
** Thinly Traded / Non Traded Security
^Please refer to notice-cum-addendum no. 58/2023 https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MACBF | 5.94% |
4.38% |
||
| Scheme Benchmark* | 7.09% |
6.35% |
||
| Additional Benchmark** | 6.77% |
3.47% |
||
| NAV as on 30th November, 2023 | ₹ 11.2304 | |||
| Index Value ( 30th November, 2023) | Index Value of benchmark is 5,498.05 and CRISIL 10 Year Gilt Index is 4,385.09 |
|||
| Allotment Date | 17th March, 2021 | |||
| Scheme Benchmark | *CRISIL Corporate Bond B-III Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Mahendra Jajoo & Mr. Basant Bafna managing the scheme since 17th March, 2021 & since 16th January, 2023 respectively.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
Latest available NAV has been taken for return calculation wherever applicable
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
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.
| Average Maturity | 3.90 Years |
| Modified Duration | 2.92 Years |
| Macaulay Duration | 3.09 Years |
| Annualized Portfolio YTM* | 7.71% |
*In case of semi annual YTM, it will be annualized.