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Unrated

Mirae Asset Corporate Bond Fund - Regular Plan


Debt: Corporate Bond

Suitability:

"Corporate Bond funds invest mainly in high-grade corporate bonds (those with a credit rating of AA+ and above). They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run."

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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(₹)
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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 -- -0.01 -0.04 -0.06 0.90 2.32 -- -- -- -- --
VR Bond -- 0.04 0.00 -0.30 1.37 1.73 -- -- -- -- --
Debt: Corporate Bond -- 0.01 0.01 -0.02 1.10 2.50 -- -- -- -- --
Rank within category -- 20 19 15 16 17 -- -- -- -- --
Number of funds in category 20 21 21 21 21 21 20 17 13 12 9

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Corporate Bond Fund - Regular Plan  | Invest Online
Unrated
Mar-21 -- -- -- 0.90% 129
HDFC Corporate Bond Fund  | Invest Online
4 star
Jun-10 4.90 9.25 7.91 0.61% 28,361
Aditya Birla Sun Life Corporate Bond Fund  | Invest Online
5 star
Mar-97 4.96 9.07 7.96 0.46% 22,271
ICICI Prudential Corporate Bond Fund  | Invest Now
5 star
Jun-09 4.79 8.54 7.56 0.59% 20,980
Kotak Corporate Bond Fund - Standard Plan  | Invest Online
4 star
Sep-07 4.66 8.15 7.66 0.66% 10,541

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.36 20-Apr-2021 - 28-Apr-2021 -0.26 11-Jun-2021 - 18-Jun-2021
Month 0.89 06-Jul-2021 - 05-Aug-2021 -0.14 11-Jun-2021 - 12-Jul-2021
Quarter 1.52 18-Mar-2021 - 17-Jun-2021 0.84 06-Apr-2021 - 06-Jul-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
VR Bond* 6.81 2.11 1.36 1.85 -- --
Debt: Corporate Bond* 8.17 2.49 1.93 3.35 0.62 2.45
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-Sep-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 19 21 11 93
Modified Duration (yrs) 1.64 2.33 1.47 2.15
Average Maturity (yrs) 1.87 2.81 1.67 2.77
Yield to Maturity (%) 4.69 5.02 4.46 5.02
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 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 4.64 - 9.07 8.30
equal 5.24% SIDBI 26/03/2024 Debenture AAA 4.30 - 8.43 7.79
equal 7.62% Export-Import Bank 2026 Bonds AAA 0.00 - 4.24 4.14
equal 7.25% Larsen & Toubro 24/04/2023 Non Convertible Debenture AAA 0.00 - 4.38 4.01
equal 7.17% Reliance Industries 2022 Non Convertible Debenture AAA 3.98 - 4.45 3.98
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 3.98 - 4.42 3.98
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 4.32 3.96
equal 6.75% Sikka Ports and Terminals 22/04/2026 Debenture AAA 0.00 - 4.23 3.95
equal 6.15% L&T Finance 17/05/2023 Debenture AAA 3.92 - 4.31 3.92
equal 5.47% Power Finance Corporation 19/08/2023 Debenture AAA 3.91 - 4.33 3.91
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 0.00 - 4.24 3.91
equal 5.84% Tata Capital Financial Services 17/03/2023 Debenture AAA 3.91 - 4.32 3.91
equal 5.35% National Housing Bank 2024 Debenture AAA 3.90 - 4.31 3.90
equal 5.30% HDFC 2023 Debenture AAA 0.00 - 4.22 3.90
equal 5.44% National Bank Agr. Rur. Devp 2024 Debenture AAA 0.00 - 4.21 3.90
equal 5.10% Sundaram Finance 2023 Debenture AAA 0.00 - 4.17 3.87
equal 4.99% REC 31/01/2024 Debenture AAA 3.86 - 4.24 3.86
equal 4.57% Ultratech Cement 29/12/2023 Debenture AAA 3.84 - 4.23 3.84
equal 7.39% Tamilnadu State 2026 State Development Loan SOV 0.00 - 2.05 2.05

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-Sep-2021

Fund Manager

— Mahendra Kumar Jajoo since 24-Feb-2021

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:


-0.01%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 10.3056

IDCW: ₹ 10.3057


Investment Strategy

The scheme seeks to provide income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 17-Mar-2021
Return Since Launch: 3.06%
Benchmark: NIFTY Corporate Bond Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 129 Cr (As on 30-Sep-2021)
Expense: 0.90% (As on 30-Sep-2021)
Risk Grade: --
Return Grade: --

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

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