October 11, 2025
RA Jainee
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 10.1869
NAV IDCW: Rs 10.1865
Suitable For Which Investors?
Low Duration debt funds invest in bonds maturing in six months to a year. They aim to earn slightly better returns than what you can get from a bank account or a short duration fixed deposit. The risk of incurring a loss in these funds is negligible but they do not guarantee returns or safety of capital.
Retail investors can avoid these funds altogether. Here’s why. Debt funds are very finely classified depending upon the maturity of the bonds they invest in. For instance, there’s a different category of funds that invests in bonds of up to three months maturity, from the one that invests in bonds maturing in three to six months, and so on. We believe that such a nuanced classification adds little value to retail investors. They can avoid this complexity and simply invest the money they don’t need for up to a year in a Liquid fund.
Fund’s Investment Strategy:
The scheme seeks to track the CRISIL-IBX Financial Services 9-12 Months Debt Index by investing in Commercial Papers (CPs), Certificates of Deposit (CDs) and Corporate Bond Securities, maturing in 9-12 months and seeks to generate returns that are commensurate (before fees and expenses) with the performance of the underlying Index, subject to tracking error
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) | 99 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 25-Jun-25 |
| Return Since Launch | 1.87% |
| Benchmark | CRISIL-IBX Financial Services 9-12 Months Debt |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 148 Cr |
| (As on 31-Aug-2025) | |
| Expense | 0.10% |
| (As on 30-Sep-2025) | |
| Risk Grade | — |
| Return Grade | — |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Dir | — | 0.02 | 0.54 | 1.52 | — | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | — | -0.01 | 0.37 | 0.90 | — | — | — | — | — | — |
| Debt: Low Duration | — | 0.01 | 0.61 | 1.53 | — | — | — | — | — | — |
| Rank within category | — | 1 | 25 | 17 | — | — | — | — | — | — |
| Number of funds in category | 20 | 26 | 25 | 24 | 23 | 20 | 20 | 20 | 20 | 19 |
Peer Comparison
| 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 CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Dir | Unrated | — | — | — | 0.10 | 148 | 1.87 | — | 3M |
| ABSL CRISIL-IBX Fin Srvices 9-12 Months Debt Index Dir | Unrated | — | — | — | 0.15 | 858 | 4.57 | — | 6M |
| Axis Treasury Advantage Dir | 4 star | 8.12 | 7.76 | 6.35 | 0.35 | 7,517 | 7.73 | — | 12Y 9M |
| Tata Treasury Advantage Dir | 4 star | 7.80 | 7.54 | 6.13 | 0.24 | 2,925 | 7.07 | — | 12Y 9M |
| Mirae Asset Low Duration Dir | 4 star | 8.09 | 7.70 | 6.21 | 0.18 | 1,865 | 5.68 | — | 12Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 10 | 69 |
| Macaulay Duration (yrs) | 0.51 | 0.89 |
| Average Maturity (yrs) | 0.51 | 1.11 |
| Yield to Maturity (%) | 6.43 | 6.58 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund
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