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Mirae Asset Nifty SDL Jun 2027 Index Fund - Regular Plan download report


Debt: Fixed Maturity

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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(₹)
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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
Mirae Asset Nifty SDL Jun 2027 Index Fund Reg-G -- 0.15 -0.22 1.08 2.15 -- -- -- -- -- --
CCIL T Bill Liquidity Weight -- 0.02 0.05 0.25 0.70 -- -- -- -- -- --
Debt: Fixed Maturity -- 0.11 0.03 0.91 1.82 -- -- -- -- -- --
Rank within category -- 15 48 21 9 -- -- -- -- -- --
Number of funds in category 32 48 48 48 48 35 26 12 12 12 12

As on 11-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Nifty SDL Jun 2027 Index Fund - Regular Plan  | Invest Online
Unrated
Mar-22 -- -- -- 0.29 491
BHARAT Bond FOF - April 2023 - Regular Plan  | Invest Online
4 star
Dec-19 3.65 -- -- 0.05 2,648
BHARAT Bond ETF - April 2030  | Invest Online
Unrated
Dec-19 3.63 -- -- 0.00 13,615
BHARAT Bond ETF - April 2031  | Invest Online
Unrated
Jul-20 3.00 -- -- 0.00 11,023
BHARAT Bond ETF - April 2025  | Invest Online
Unrated
Jul-20 2.58 -- -- 0.00 10,034

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.79 28-Jul-2022 - 04-Aug-2022 -1.88 29-Apr-2022 - 06-May-2022
Month 1.78 13-Jun-2022 - 13-Jul-2022 -3.36 06-Apr-2022 - 06-May-2022
Quarter 2.78 05-May-2022 - 04-Aug-2022 -2.37 31-Mar-2022 - 30-Jun-2022
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Mirae Asset Nifty SDL Jun 2027 Index Fund Reg-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.60 0.34 -2.61 -4.87 -- --
Debt: Fixed Maturity* 3.76 0.50 0.27 1.90 0.27 0.51
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 31-Jul-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 29 29 14 29
Modified Duration (yrs) 3.37 3.90 3.25 3.59
Average Maturity (yrs) 4.15 4.85 4.01 4.65
Yield to Maturity (%) 7.04 7.47 5.87 7.19
Avg Credit Rating GOI/Cash -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
up 7.78% Bihar State 2027 State Development Loan SOV 0.00 - 7.24 7.24
equal 7.25% Punjab State 14/06/2027 State Development Loan SOV 0.00 - 9.47 5.47
equal 7.51% Maharashtra State 24/05/2027 State Development Loan SOV 0.73 - 8.51 5.39
equal 7.59% Karnataka State 29/03/2027 State Development Loan SOV 5.35 - 11.92 5.35
equal 7.92% West Bengal State 15/03/2027 State Development Loan SOV 0.00 - 6.45 5.21
equal 7.53% Haryana State 24/05/2027 State Development Loan SOV 5.13 - 11.30 5.13
equal 7.52% Uttar Pradesh State 24/05/2027 State Development Loan SOV 5.12 - 8.47 5.12
equal 7.20% Kerala State 14/06/2027 State Development Loan SOV 0.00 - 8.76 5.06
equal 7.76% Madhya Pradesh State 2027 State Development Loan SOV 4.14 - 11.41 4.14
equal 7.59% Gujarat State 15/02/2027 State Development Loan SOV 4.12 - 11.33 4.12
new 7.62% Uttar Pradesh State 15/02/2027 State Development Loan SOV 0.00 - 4.12 4.12
equal 7.21% Uttarakhand State 14/06/2027 State Development Loan SOV 0.00 - 7.00 4.04
equal 8.31% Rajasthan State 2027 State Development Loan SOV 3.17 - 8.74 3.17
up 7.54% Himachal Pradesh State 24/05/2027 State Development Loan SOV 0.00 - 3.08 3.08
equal 7.52% Tamilnadu State 24/05/2027 State Development Loan SOV 3.08 - 11.31 3.08
equal 8.05% Jammu & Kashmir State 15/03/2027 State Development Loan SOV 0.00 - 2.59 2.09
equal 7.85% Bihar State 15/03/2027 State Development Loan SOV 0.00 - 2.57 2.08
equal 7.78% West Bengal State 2027 State Development Loan SOV 0.00 - 3.27 2.07
equal 7.80% Jharkhand State 2027 State Development Loan SOV 0.00 - 2.57 2.07
equal 7.62% Andhra Pradesh State 29/03/2027 State Development Loan SOV 0.00 - 3.57 2.06
equal 7.23% Tamilnadu State 14/06/2027 State Development Loan SOV 0.00 - 3.51 2.03
equal 7.23% Rajasthan State 14/06/2027 State Development Loan SOV 2.03 - 3.51 2.03
equal 7.52% Gujarat State 24/05/2027 State Development Loan SOV 0.15 - 1.76 1.11
new 7.62% Tamilnadu State 29/03/2027 State Development Loan SOV 0.00 - 1.03 1.03
equal 7.61% Telangana State 2027 State Development Loan SOV 0.00 - 1.78 1.03

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 31-Jul-2022

Fund Manager

— Mahendra Kumar Jajoo since 25-Mar-2022

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:


0.15%

Change from previous, NAV as on 11-Aug-2022

Growth: ₹ 9.9295

IDCW: ₹ 9.9300


Investment Strategy

The scheme seeks to track the Nifty SDL Jun 2027 Index by investing in State Development Loans (SDL), maturing on or before June 15, 2027, subject to tracking errors.

Investment Details

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

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 30-Mar-2022
Return Since Launch: -0.71%
Benchmark: Nifty SDL Jun 2027
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 491 Cr (As on 31-Jul-2022)
Expense Ratio: 0.29% (As on 30-Jun-2022)
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

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

Registrar & Transfer Agent: KFin Technologies 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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