MIRAE ASSET
NIFTY 8-13 YR G-SEC ETF (NSE Symbol : GSEC10YEAR, BSE Code: 543875)
(An Open-Ended Index Exchange Traded Fund tracking Nifty 8-13 yr G-Sec Index. Relatively High interest rate risk and Relatively Low Credit Risk)
| Type of Scheme | An Open-Ended Index Exchange Traded Fund tracking Nifty 8-13 yr G-Sec Index. Relatively High interest rate risk and Relatively Low Credit Risk |
| Investment Objective | The investment objective of the Scheme is to provide returns before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index, 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 |
Fund Manager** |
Mr.Amit Modani (since March 31, 2023) |
| Allotment Date | 31st March 2023 |
| Benchmark Index | Nifty 8-13 yr G-Sec Index |
| Minimum Investment Amount^ |
Market Maker: Application for subscription of Units directly with the Fund in Creation Unit Size at NAV based prices in exchange of Portfolio Deposit and Cash Component. Large Investors: Minimum amount of ₹25 crores for transacting directly with the AMC. Other investors (including Market Maker, Large Investors and Regulated Entities): Units of the Scheme can be subscribed (in lots of 1 Unit) during the trading hours on all trading days on the NSE and BSE on which the Units are listed. On exchange in multiple of 1 unit. With AMC: In multiples of 2,50,000 units |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
NA |
| Load Structure | Entry load: NA Exit load: NIL |
| Plans Available Options Available |
The Scheme does not offer any Plans/Options for investment |
| Monthly Average AUM (₹ Cr.) as on November 30, 2023 | 76.63 |
| Net AUM (₹ Cr.) | 76.83 |
| Tracking Error Value~ ~1 Year Tracking Error is |
0.15% |
| Monthly Total Expense Ratio (Including Statutory Levies) as on November 30, 2023 | 0.10% |
| **For experience of Fund Managers Click Here | |
| ^The applicability of said threshold limit for all investors (other than Market Makers) has been extended for the below categories of investors till April 30, 2024:- 1. Schemes managed by Employee Provident Fund Organisation, India. 2. Recognized Provident Funds, Approved Gratuity Funds and Approved Superannuation Funds under Income Tax Act, 1961. |
|
| ₹ 24.8526 (Per Unit) |
| Average Maturity | 9.12 Yrs |
| Modified Duration | 6.41 Yrs |
| Macaulay Duration | 6.65 Yrs |
| Annualized Portfolio YTM* | 7.44% |
*In case of semi annual YTM, it will be annualized.
| Portfolio Holdings | % Allocation |
| Government Bond | |
| 7.26% GOI (06/02/2033) | 40.82% |
| 7.18% GOI (14/08/2033) | 32.31% |
| 7.26% GOI (22/08/2032) | 23.30% |
| Government Bond Total | 96.43% |
| Cash & Other Receivables Total | 3.57% |
| Total | 100.00% |
| Returns (in%) | ||||
| 6 Months (Annualized) | SI (Annualized) | |||
| GSEC10YEAR | 2.88% |
6.83% |
||
| Scheme Benchmark* | 2.94% |
7.01% |
||
| Additional Benchmark* | 2.25% |
6.63% |
||
| NAV as on 30th November, 2023 | ₹ 24.8526 | |||
| Index Value ( 30th November, 2023) | Index Value of benchmark is 2,488.69 and CRISIL 10 Year Gilt Index is 4,385.09 |
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| Allotment Date | 31st March, 2023 | |||
| Scheme Benchmark | *Nifty 8-13 yr G-Sec Index | |||
Fund manager : Mr. Amit Modani managing the scheme since March 31, 2023.
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 ₹ 56.2378. 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
Mirae Asset Capital Markets (India) Private Limited
East India Securities Limited
Kanjalochana Finserve Private Limited
Parwati Capital Market Private Limited
This product is suitable for investors who are seeking*
• Income over long term
• Investment in securities in line with Nifty 8-13 yr G-Sec 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.
Live iNav is updated on Mirae Asset Mutual Fund website
NSE Symbol :GSEC10YEAR
BSE Code:543875
Bloomberg Code:GSEC10YEAR IN Equity
Reuters Code: MIRA.NS