September 14, 2022
mayank
Mirae Asset Corporate Bond Fund
NAV Growth : Rs 10.5849
NAV IDCW : Rs 10.5845
Suitable For Which Investors ?
“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.”
Fund’s Investment Strategy :
The scheme seeks to provide income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds
Fund Manager :
1) Mahendra Kumar Jajoo
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.
Investment Details
| Min. Investment (Rs) : | 5,000 |
| Min. Addl Investment (Rs) : | 1,000 |
| Min. SIP Investment (Rs) : | 1,000 |
| Min. Withdrawal (Rs) : | — |
| Min. No of Cheques : | 5 |
| Min. Balance (Rs) :– | |
| Lock-in Period : | NA |
| Exit Load : | 0 |
Basic Details
| Fund House : | Mirae Asset Mutual Fund |
| Launch Date : | 17-Mar-21 |
| Return Since Launch : | 3.88% |
| Benchmark : | CRISIL Corporate Bond Fund BIII Index |
| Riskometer : | Low to Moderate |
| Type : | Open-ended |
| Assets : | Rs 76 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.46% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
Mirae Asset Corporate Bond Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Corp Bond Dir | 1.91 | 0.04 | 0.54 | 1.86 | 1.38 | 2.47 | — | — | — | — |
| VR Bond | 2.14 | 0.16 | 1.34 | 3.09 | 2.17 | 3.08 | — | — | — | — |
| Debt: Corporate Bond | 1.99 | 0.04 | 0.63 | 2.08 | 1.49 | 2.79 | — | — | — | — |
| Rank within category | 13 | 7 | 11 | 11 | 14 | 14 | — | — | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 21 | 19 | 14 | 12 | 0 |
Mirae Asset Corporate Bond Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| Mirae Asset Corp Bond Dir | Unrated | 2.47 | — | — | 0.46 | 76 | 3.88 | — | 1yrs 6mo |
| ICICI Pru Corp Bond Dir | 4 star | 4.05 | 6.88 | 7.18 | 0.27 | 15,495 | 8.3 | — | 9yrs 8mo |
| ABSL Corp Bond Dir | 4 star | 3.44 | 6.98 | 7.3 | 0.3 | 13,769 | 8.34 | — | 9yrs 8mo |
| Kotak Corp Bond Dir | 4 star | 3.39 | 6.27 | 7.11 | 0.3 | 8,723 | 8.11 | — | 9yrs 8mo |
| Axis Corp Debt Dir | 5 star | 3.81 | 7.3 | 7.37 | 0.24 | 3,367 | 7.44 | — | 5yrs 2mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 14 | 65 |
| Modified Duration (yrs) | 1.75 | 1.80 |
| Average Maturity (yrs) | 2.22 | 2.55 |
| Yield to Maturity (%) | 6.75 | 6.86 |
| Avg Credit Rating | AAA | — |
Mirae Asset Corporate Bond Fund by Chanakya :
Apply Online :
Stock Research Reports :
https://www.analysislibrary.com/
NFO Guidance :
https://sahifund.com/category/nfos/
Chanakya’s Mutual Fund Guidance on Youtube
https://www.youtube.com/c/ChanakyaNiPothi
Join Chanakya’s Telegram Channel @
https://t.me/chanakyanipothi