Mirae Asset Nifty SDL June 2028 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 12.2567
NAV IDCW: Rs 12.2567
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 June 2028 Index by investing in State Development Loans (SDL), maturing on or before June 30, 2028, 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) | 99 |
Min. Withdrawal (Rs) | — |
Min. No of Cheques | 5 |
Min. Balance (Rs) | — |
Lock-in Period | NA |
Exit Load | 0 |
Basic Details of Mirae Asset Nifty SDL June 2028 Index Fund
Fund House | Mirae Asset Mutual Fund |
Launch Date | 31-Mar-23 |
Return Since Launch | 8.31% |
Benchmark | Nifty SDL June 2028 |
Riskometer | Low to Moderate |
Type | Open-ended |
Assets | Rs 72 Cr |
(As on 30-Sep-2025) | |
Expense | 0.12% |
(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 Nifty SDL June 2028 Index Dir | 6.99 | -0.07 | 0.91 | 0.88 | 3.14 | 8.31 | — | — | — | — |
CCIL T Bill Liquidity Weight | 3.85 | -0.01 | 0.34 | 0.90 | 2.17 | 4.69 | — | — | — | — |
Debt: Target Maturity | 6.75 | -0.01 | 0.77 | 1.22 | 3.25 | 7.94 | — | — | — | — |
Rank within category | 36 | 96 | 21 | 87 | 75 | 24 | — | — | — | — |
Number of funds in category | 97 | 102 | 102 | 102 | 101 | 91 | 31 | 2 | 0 | 0 |
Peer Comparison of Mirae Asset Nifty SDL June 2028 Index Fund
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 June 2028 Index Dir | Unrated | 8.31 | — | — | 0.12 | 72 | 8.31 | — | 2Y 6M |
ICICI Pru Nifty PSU Bond + SDL Sep 2027 40:60 Index Dir | Unrated | 8.08 | 8.14 | — | 0.20 | 9,449 | 6.15 | — | 4Y |
SBI CPSE Bond + SDL Sep 2026 50:50 Dir | Unrated | 7.6 | 7.76 | — | 0.21 | 8,572 | 6.29 | 0.15 (30) | 3Y 8M |
ABSL SDL + PSU Bond Sep 2026 60:40 Dir | Unrated | 7.62 | 7.79 | — | 0.20 | 8,494 | 5.97 | — | 4Y |
Kotak Nifty SDL Apr 2027 Top 12 Equal Weight Dir | Unrated | 7.68 | 8.07 | — | 0.20 | 7,340 | 6.42 | 0.15 (30) | 3Y 8M |
Portfolio Breakup
Fund | Category | |
Number of Securities | 14 | 19 |
Macaulay Duration (yrs) | 2.39 | 2.39 |
Average Maturity (yrs) | 2.54 | 2.82 |
Yield to Maturity (%) | 6.53 | 6.38 |
Avg Credit Rating | GOI/Cash | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Nifty SDL June 2028 Index Fund
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