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Unrated

Mirae Asset Fixed Maturity Plan - Series III - 1122 Days - Direct Plan


Debt: FMP

1 Lakh

Investment Grown to
₹ 1.08 Lakh

Suitability:

Fixed Maturity Plans, as the name suggests, are funds that have a fixed tenure which can vary from three months to five years or even more. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. Therefore, they are similar to bank fixed deposits except that they do not offer guaranteed returns even though they aim to better what an FD can fetch.

However, retail investors can avoid these funds altogether. There are far too many kinds of debt funds with a highly nuanced classification based on the type or duration of bonds they can invest in. We believe that so many fund categories add to complexity which is easily avoidable. Retail investors can simply invest in Liquid funds for an investment horizon of up to one year and Short Duration funds for the fixed income allocation (which should be 100 per cent for an investment horizon of up to three years) in their longer-term portfolios.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 1.62 -0.03 0.02 0.44 1.51 2.27 8.48 -- -- -- --
CCIL T Bill Liquidity Weight 0.68 0.02 0.05 0.17 0.48 0.97 2.21 -- -- -- --
Debt: FMP 1.79 0.00 0.06 0.47 1.53 2.51 7.93 -- -- -- --
Rank within category 132 419 460 247 185 147 132 -- -- -- --
Number of funds in category 470 473 472 472 470 470 470 50 3 2 0

As on 12-May-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Fixed Maturity Plan - Series III - 1122 Days - Direct Plan
Unrated
Mar-19 8.48 -- -- 0.06 33
Nippon India Fixed Horizon Fund XXXVIII - Series 6 - Direct Plan
Unrated
Jul-18 8.01 -- -- -- 1,980
Kotak FMP Series 252 - 1261 Days - Direct Plan
Unrated
Nov-18 7.67 -- -- -- 1,329
ICICI Prudential Fixed Maturity Plan - Series 82 1199 Days Plan L - Direct Plan
Unrated
Feb-18 5.46 7.99 -- -- 803
Kotak FMP Series 219 - 1173 Days - Direct Plan
Unrated
Mar-18 5.22 7.92 -- -- 785

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 2.38 24-Mar-2020 - 31-Mar-2020 -1.72 12-Mar-2020 - 19-Mar-2020
Month 3.05 24-Mar-2020 - 23-Apr-2020 -2.14 25-Feb-2020 - 26-Mar-2020
Quarter 6.23 26-Mar-2020 - 25-Jun-2020 -0.34 24-Dec-2019 - 24-Mar-2020
Year 11.90 02-Jul-2019 - 01-Jul-2020 7.50 27-Mar-2019 - 26-Mar-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.56 0.38 -2.17 -5.20 -- --
Debt: FMP* 7.62 1.58 2.29 4.13 1.71 4.64
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 30-Apr-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 12 12 12 14
Modified Duration (yrs) 0.77 1.24 0.77 0.47
Average Maturity (yrs) 0.81 1.37 0.81 0.51
Yield to Maturity (%) 4.04 4.66 3.96 4.32
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal Bajaj Finance 2022 Zero Coupon Bonds AAA 9.66 - 9.78 9.78
equal 8.40% HUDCO 2022 Non Convertible Debenture AAA 8.82 - 9.55 8.82
equal 7.35% BPCL 2022 Bonds AAA 0.00 - 8.90 8.71
equal 7.67% L&T Infrastructre Finance 18/03/2022 Non Convertible Debenture AAA 0.00 - 8.57 8.40
equal 9.75% Larsen & Toubro 2022 Debenture AAA 8.29 - 8.98 8.29
equal 8.58% HDFC 18/03/2022 Debenture AAA 8.19 - 8.74 8.19
equal 8.30% Reliance Industries 2022 Debenture AAA 8.17 - 8.72 8.17
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 8.15 - 8.89 8.15
equal 8.60% LIC Housing Fin. 14/01/2022 Debenture AAA 8.13 - 8.68 8.13
equal 8.18% Power Finance Corp. 19/03/2022 Debenture AAA 0.00 - 8.22 7.86
equal 8.35% REC 13/03/2022 Debenture AAA 6.29 - 6.70 6.29
equal 8.45% REC 22/03/2022 Debenture AAA 2.52 - 2.69 2.52

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 30-Apr-2021

Fund Manager

— Mahendra Kumar Jajoo since 08-Mar-2019

Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Funds Managed:


0.02%

Change from previous, NAV as on 14-May-2021

Growth: ₹ 12.1055

IDCW: ₹ 12.1055


Investment Strategy

The scheme seeks to generate returns and reduce interest rate volatility by investing in a portfolio of fixed income securities.

Investment Details

Tenure (Days) 1122
Maturity date 12-Apr-2022

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 18-Mar-2019
Return Since Launch: 9.27%
Benchmark: CRISIL Composite Bond TRI
Riskometer: Low to Moderate
Type: Closed-end

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Last Session

Investors' Hangout

With the resurgence of COVID-19, what should investors do?

DateFriday, 07-May-2021
Time12:30 PM - 01:00 PM

Registration Over