March 23, 2023
mayank
Mirae Asset Nifty 8-13 yr G-Sec ETF NFO
NFO opens on March 29, 2023
NFO will close on March 29, 2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The scheme seeks to provide returns before expenses that correspond to the returns of Nifty 8-13 yr G-Sec Index, subject to tracking errors.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 29 March 2023 |
| Issue Close | 29 March 2023 |
| Type | Open-ended |
| Category | Debt: Gilt |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | NIFTY 8-13 yr G-Sec Index |
About Benchmark Index
Nifty 8-13 yr G-Sec is constructed using the prices of top 5 (in terms of traded value) liquid Government of India bonds with residual maturity between 8 to 13 years and have outstanding issuance exceeding Rs. 5000 crores. The individual bonds are assigned weights considering the traded value and outstanding issuance in the ratio of 40:60. The index measures the changes in the prices of the bond basket.
| Features | |
| Methodology | Total Returns |
| Index Review | Monthly |
| No. of Constituents | 3 |
| Base Value | 1000 |
| Base Date | January 03, 2011 |
| Calculation Frequency | Online Daily |
Index Composition
| Sr.No | ISIN | Redemption Date | Coupon | Index Weights |
| 1 | IN0020220060 | 22-08-2032 | 0.07 | 56.44 |
| 2 | IN0020210244 | 17-01-2032 | 0.07 | 23.17 |
| 3 | IN0020210095 | 12-07-2031 | 0.06 | 20.39 |
| 1 Year | 5 Years | Since Inception | |
| Returns % | 2.75 | 7.10 | 7.25 |
Fund Manager
1) Amit Modani
Education: Mr. Modani is Chartered Accountant
Experience: Prior to joining BOI AXA Mutual Fund, he has worked with Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Past Performance of his Schemes
| Fund | Mirae Asset Dynamic Bond Fund – Regular Plan | It’s Benchmark | Mirae Asset Nifty SDL Jun 2027 Index Fund – Regular Plan | It’s Benchmark |
| 1 Year | 1.86 | 4.65 | — | — |
| 3 Year | 3.56 | 4.31 | — | — |
| 5 Year | 6.05 | 5.77 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
AMC:
Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 – 6th Floor, Windsor Building – Off. CST Road, Kalina, Santacruz (East), Mumbai – 400098
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: www.karvymfs.com
Guidance for Mirae Asset Nifty 8-13 yr G-Sec ETF NFO
by Paresh Gordhandas, C.A., Research Analyst.
Will Post Soon
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