MIRAE ASSET
CORPORATE BOND FUND
(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. |
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| 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. |
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Fund Manager** |
Mr. Amit Modani# (since February 1, 2024) 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 / 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 February 29, 2024 |
57.86 Net AUM (₹ Cr.) |
57.87 Monthly Total Expense Ratio |
(Including Statutory Levies) as on February 29, 2024 Regular Plan: 0.90% Direct Plan: 0.41% **For experience of Fund Managers Click Here |
#Pursuant to notice cum addendum no. 05/2024, Fund Manager of the scheme has been changed with effect from February 01, 2024. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum | ||||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 11.6096 | ₹ 11.4583 |
| IDCW | ₹ 11.6075 | ₹ 11.4581 |
| Portfolio Holdings | % Allocation |
Debt Instruments |
|
7.18% Government of India (14/08/2033) |
10.44% |
7.44% Small Industries Dev Bank of India (04/09/2026) ** |
8.57% |
6.25% Embassy Office Parks REIT (18/10/2024) ** |
8.54% |
7.13% Power Finance Corporation Limited (15/07/2026) ** |
8.54% |
7.68% National Bank For Agriculture and Rural Development (30/04/2029) ** |
6.93% |
7.77% REC Limited (31/03/2028) |
5.21% |
7.9% Bajaj Finance Limited (13/04/2028) ** |
5.15% |
6.44% HDFC Bank Limited (27/09/2028) ** |
4.93% |
8.04% Bajaj Housing Finance Limited (18/01/2027) ** |
4.32% |
5.776% LIC Housing Finance Limited (11/09/2025) ** |
4.19% |
7.32% Government of India (13/11/2030) |
3.50% |
7.9% Jamnagar Utilities & Power Private Limited (10/08/2028) ** |
3.46% |
7.68% Indian Railway Finance Corporation Limited (24/11/2026) ** |
3.46% |
7.5% Power Grid Corporation of India Limited (24/08/2033) ** |
3.46% |
7.77% HDFC Bank Limited (28/06/2027) ** |
3.44% |
7.71% REC Limited (31/10/2033) |
2.63% |
7.18% Government of India (24/07/2037) |
2.60% |
7.68% Bank of Baroda (01/12/2033) ** |
1.75% |
7.6% REC Ltd NCD Ser 219 (28/02/2026) ** |
1.72% |
Debt Instruments Total |
92.85% |
Corporate Debt Market Development Fund^ |
|
Class A2 units of Corporate Debt Market Development Fund # |
0.27% |
Corporate Debt Market Development Fund Total |
0.27% |
Cash & Other Receivables Total |
6.88% |
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 Year | Since inception | Value of 10000 invested Since Inception (in Rs.) | ||
| Mirae Asset Corporate Bond Fund | 6.98% |
4.71% |
11,458 |
|
| Scheme Benchmark* | 7.75% |
6.48% |
12,040 |
|
| Additional Benchmark** | 9.42% |
4.26% |
11,312 |
|
| NAV as on 29th February, 2024 | ₹ 11.4583 | |||
| Index Value (29th February, 2024) | Index Value of benchmark is 5,603.24 and CRISIL 10 Year Gilt Index is 4,523.48 |
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| Allotment Date | 17th March, 2021 | |||
| Scheme Benchmark | *CRISIL Corporate Bond B-III Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Amit Modani managing the scheme since 1st February, 2024.
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 | 4.50 Years |
| Modified Duration | 3.29 Years |
| Macaulay Duration | 3.50 Years |
| Annualized Portfolio YTM* | 7.64% |
*In case of semi annual YTM, it will be annualized.