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.)

Details as on November 30, 2023
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
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.
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 November 30, 2023
82.56
Net AUM (₹ Cr.)
82.52
Tracking Error Value~
~1 Year Tracking Difference for Direct Plan is
1.26%
Monthly Total Expense Ratio
(Including Statutory Levies)
as on November 30, 2023
Regular Plan: 0.52%
Direct Plan: 0.14%
**For experience of Fund Managers Click Here
NAV: Direct Regular
Growth ₹ 10.4248 ₹ 10.3979
IDCW ₹ 10.4248 ₹ 10.3980
Portfolio Holdings % Allocation
State Government Bond
8.44% Rajasthan SDL (07/03/2028) 18.69%
6.98% Maharashtra SDL (26/02/2028) 17.78%
8.45% Uttar Pradesh SDL (27/06/2028) 12.48%
8.43% Tamil Nadu SDL (07/03/2028) 12.47%
6.99% Telangana SDL (10/06/2028) 10.66%
8.15% Bihar SDL (27/03/2028) 6.17%
7.49% Gujarat SDL (29/03/2028) 6.04%
8.2% Uttarakhand SDL (09/05/2028) 4.95%
7.7% Andhra Pradesh SDL (01/03/2028) 3.99%
8.35% Gujarat SDL (28/02/2028) 1.12%
8.62% punjab SDL (13/06/2028) 0.13%
8.4% Rajasthan SDL (06/06/2028) 0.12%
8.4% Rajasthan SDL (20/06/2028) 0.12%
State Government Bond Total 94.72%
Cash & Other Receivables Total 5.28%
Total 100.00%

Growth of Rs. 10,000 invested at inception: 10,394

Returns (in%)
6 Months (Annualized) SI (Annualized)
MANSJ28F
4.24%
6.01%
Scheme Benchmark*
4.52%
6.54%
Additional Benchmark**
2.25%
6.63%
NAV as on 30th November, 2023 ₹ 10.3979
Index Value ( 30th November, 2023) Index Value of benchmark is 1,053.74 and CRISIL 10 Year Gilt Index is 4,385.09
Allotment Date 31st March, 2023
Scheme Benchmark *Nifty SDL June 2028 Index
Additional Benchmark **CRISIL 10 Year Gilt Index

Fund manager : Mr. Amit Modani managing the scheme since 16th January, 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 ₹ 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*
. 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.


Average Maturity 4.21 Yrs
Modified Duration 3.44 Yrs
Macaulay Duration 3.57 Yrs
Annualized Portfolio YTM* 7.74%

*In case of semi annual YTM, it will be annualized.