February 1, 2023
mayank
Guidance for NFO of Mirae Asset Fixed Maturity Plan – Series V – Plan 1
by Paresh Gordhandas, C.A., Research Analyst.
Updated Soon
NFO of Mirae Asset Fixed Maturity Plan – Series V – Plan 1
NFO opens on February 08 ,2023
NFO will close on February 13 ,2023
(Our detailed Guidance is given at the bottom of the Page)
Investment Strategy
The Scheme seeks to provide income to the investors through investments in a portfolio comprising of Debt and Money Market Instruments maturing on or before the maturity of the Scheme.
Basic Details
| Fund House | Mirae Asset Mutual Fund |
| Issue Open | 08 February 2023 |
| Issue Close | 13 February 2023 |
| Type | Closed-end |
| Category | Debt: Fixed Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Tenure (Days) | 91 |
| Riskometer | Low to Moderate |
| Benchmark | NIFTY Liquid Fund Index |
About Benchmark Index
NIFTY Fixed Income Aggregate Indices consist of 13 indices which measure the performance of various fixed income portfolios covering Government securities, Corporate bonds of different credit rating categories, Commercial papers, Certificate of deposits, T-Bills and Overnight rate.
| Index Characteristics | |
| Methodology | Total Returns |
| Launch Date | February 09, 2018 |
| Base Date | September 03, 2001 |
| Base Value | 1000 |
| Calculation Frequency | Daily – End of day |
| Weight Reset Frequency | Monthly |
Statistics
| Index Name | Avg. Macaulay Duration* | Avg. Modified Duration* | Avg. Maturity* | Avg. Yield %* | 3 M | 6 M | 1 Yr. | 3 Yr. | Since Inception |
| NIFTY Liquid Index | 0.07 | 0.07 | 0.07 | 6.78 | 1.64 | 2.99 | 5.06 | 4.26 | 6.82 |
| NIFTY Ultra Short Duration Debt Index | 0.25 | 0.23 | 0.25 | 7.35 | 1.75 | 3.18 | 5.29 | 4.94 | 7.43 |
| NIFTY Low Duration Debt Index | 0.54 | 0.50 | 0.55 | 7.59 | 1.61 | 2.95 | 4.56 | 5.05 | 7.45 |
| NIFTY Money Market Index | 0.32 | 0.30 | 0.33 | 7.11 | 1.66 | 2.98 | 4.84 | 4.54 | 7.08 |
| NIFTY Short Duration Debt Index | 1.70 | 1.59 | 1.84 | 7.62 | 1.70 | 3.11 | 3.75 | 5.95 | 7.65 |
| NIFTY Medium Duration Debt Index | 3.13 | 2.94 | 3.51 | 7.69 | 1.94 | 3.69 | 2.61 | 6.56 | 7.72 |
| NIFTY Medium to Long Duration Debt Index | 5.49 | 5.20 | 7.18 | 7.67 | 2.08 | 4.27 | 2.48 | 6.40 | 7.76 |
| NIFTY Long Duration Debt Index | 8.42 | 8.02 | 15.19 | 7.64 | 2.27 | 5.21 | 2.65 | 6.16 | 7.75 |
| NIFTY Composite Debt Index | 4.93 | 4.68 | 7.30 | 7.69 | 2.00 | 4.12 | 2.88 | 6.35 | 7.74 |
| NIFTY Corporate Bond Index | 2.24 | 2.08 | 2.45 | 8.02 | 1.77 | 3.46 | 3.54 | 6.63 | 8.04 |
| NIFTY Credit Risk Bond Index | 1.70 | 1.58 | 1.84 | 9.59 | 2.29 | 4.57 | 6.36 | 8.42 | 8.83 |
| NIFTY Banking & PSU Debt Index | 2.41 | 2.25 | 2.85 | 7.56 | 1.77 | 3.35 | 3.11 | 5.86 | 7.61 |
| NIFTY All Duration G-Sec Index | 7.06 | 6.81 | 12.17 | 7.32 | 2.24 | 4.53 | 2.41 | 5.55 | 7.11 |
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 CRISIL IBX Gilt Index – April 2033 Index Fund – Regular Plan | It’s Benchmark | Mirae Asset Dynamic Bond Fund – Regular Plan | It’s Benchmark |
| 1 Year | — | — | 2.00 | 4.39 |
| 3 Year | — | — | 4.47 | 4.47 |
| 5 Year | — | — | 5.91 | 5.64 |
| 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
*Post your MF questions @ sahifund.com/ask-me/
IPO Details & Guidance @ chanakyanipothi.com