Mirae Asset Mutual Fund: Change in Fundamental Attributes | Value Research Mirae Asset Mutual Fund has announced change in asset allocation and investment strategy of Mirae As
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Mirae Asset Mutual Fund: Change in Fundamental Attributes

Mirae Asset Mutual Fund has announced change in asset allocation and investment strategy of Mirae Asset Short Term Bond Fund.

The fund can now invest 20-100 percent of its assets in money market and debt instruments with residual maturity and repricing tenor not exceeding 18 months, against the previous tenor of 182 days.

Also, it can have a 0-80 per cent allocation to debt instruments with residual maturity and repricing tenor not exceeding 18 months, against the previous 182-days tenor.

The scheme will now invest in instruments with credit ratings above investment grade, with a view to deliver consistent returns while maintaining an optimum balance of yield, safety and liquidity.




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