Mirae Asset Nifty SDL June 2028 Index Fund - Direct Plan - Regular plan: Overview, Performance, Portfolio | Mutual Fund | Value Researchhttps://www.valueresearchonline.com/funds/43395/mirae-asset-nifty-sdl-june-2028-index-fund-direct-plan/Get the latest information and complete track record of 'Mirae Asset Nifty SDL June 2028 Index Fund - Direct Plan' schemes, returns, latest NAV and ratings from independent mutual fund research house.
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Mirae Asset Nifty SDL June 2028 Index Fund - Direct Plan
This is a fund that comes with a fixed maturity and invests in bonds whose maturity is in line with that of the fund. Upon the completion of the stated tenure, the fund is wound up and investors' money is returned to them along with accumulated gains. They provide predictability (though not a guarantee) of returns because by staying invested till the end of its term, you can expect to get returns close to its ‘indicative yield’ at the time of making the investment.
They can be a viable option for fixed-income investors whose investment horizon matches the tenure of the fund. Such funds are more attractive when the interest rates are high, so as to 'lock-in' a high rate of return and benefit from it by staying invested for the entire fund tenure.
If you do decide to invest in them, remember that they are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
The scheme seeks 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.
Mahendra Kumar Jajoo since 20-Mar-2023
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
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.
Mirae Asset Investment Managers (India) Pvt. Ltd.
022-67800301 / 1800-2090-777
Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098