September 15, 2022
mayank
Mirae Asset Nifty SDL Jun 2027 Index Fund
NAV Growth : Rs 10.0435
NAV IDCW : Rs 10.0435
Suitable For Which Investors ?
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.
Fund’s Investment Strategy :
The scheme seeks to track the Nifty SDL Jun 2027 Index by investing in State Development Loans (SDL), maturing on or before June 15, 2027, subject to tracking errors.
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 : | 30-Mar-22 |
| Return Since Launch : | 0.44% |
| Benchmark : | Nifty SDL Jun 2027 |
| Riskometer : | Moderate |
| Type : | Open-ended |
| Assets : | Rs 524 Cr |
| (As on 31-Aug-2022) | |
| Expense Ratio : | 0.14% |
| (As on 31-Jul-2022) | |
| Risk Grade : | — |
| Return Grade : | — |
Mirae Asset Nifty SDL Jun 2027 Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Nifty SDL Jun 2027 Dir | — | -0.1 | 1.01 | 3.79 | — | — | — | — | — | — |
| CCIL T Bill Liquidity Weight | — | 0 | 0.19 | 0.75 | — | — | — | — | — | — |
| Debt: Target Maturity | — | -0.07 | 0.8 | 3.37 | — | — | — | — | — | — |
| Rank within category | — | 23 | 5 | 5 | — | — | — | — | — | — |
| Number of funds in category | 12 | 28 | 28 | 28 | 20 | 7 | 0 | 0 | 0 | 0 |
Mirae Asset Nifty SDL Jun 2027 Index 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 Nifty SDL Jun 2027 Dir | Unrated | — | — | — | 0.14 | 524 | 0.44 | — | 0yrs 5mo |
| SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | — | — | — | — | 7,134 | 1.13 | — | 0yrs 7mo |
| Edelweiss NIFTY PSU Bond Plus SDL Apr 2026 50:50 Index Dir | Unrated | 2.08 | — | — | 0.16 | 7,038 | 4.90 | 0.10 (30) | 1yrs 6mo |
| ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | — | — | — | 0.15 | 6,880 | 1.80 | 0.50 (30) | 0yrs 11mo |
| IDFC CRISIL Gilt 2027 Index Dir | Unrated | 1.7 | — | — | 0.16 | 6,279 | 3.85 | — | 1yrs 5mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 34 | 36 |
| Modified Duration (yrs) | 3.67 | 3.47 |
| Average Maturity (yrs) | 4.51 | 4.44 |
| Yield to Maturity (%) | 7.14 | 7.11 |
| Avg Credit Rating | GOI/Cash | — |
Mirae Asset Nifty SDL Jun 2027 Index Fund by Chanakya :
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