MIRAE ASSET
CORPORATE BOND FUND - (MACBF)
(Corporate Bond Fund - An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds)
A relatively high interest rate risk and Moderate credit risk.
| Type of Scheme | Corporate Bond Fund - An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds A relatively high interest rate risk and Moderate credit risk. |
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| Investment Objective | The investment objective of the scheme is to provide income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds. The Scheme does not guarantee or assure any returns. |
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Fund Manager** |
Mr. Mahendra Jajoo - (since March 17, 2021) Allotment Date |
17th March, 2021 Benchmark Index |
CRISIL Corporate Bond Fund BIII Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit Load: NIL Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW^ Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on May 31, 2022 |
94.43 Net AUM (₹ Cr.) |
92.56 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on May 31, 2022 Regular Plan: 0.90% Direct Plan: 0.46% **For experience of Fund Managers Click Here |
^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. |
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| NAV: | Direct | Regular |
| Growth | ₹ 10.4055 | ₹ 10.3500 |
| IDCW^ | ₹ 10.4051 | ₹ 10.3500 |
| Weighted Average Maturity | 1.48 Years |
| Modified Duration | 1.30 Years |
| Macaulay Duration | 1.39 Years |
| Yield to Maturity | 6.34% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 8.25% Indian Railway Finance Corporation Ltd (28/02/2024) ** | 8.30% | |
| 7.25% Larsen & Toubro Ltd (24/04/2023) | 5.44% | |
| 7.17% Reliance Industries Ltd (08/11/2022) | 5.43% | |
| 7.03% REC Ltd (07/09/2022) ** | 5.42% | |
| 6.15% L&T Finance Ltd (17/05/2023) ** | 5.38% | |
| 5.84% Tata Capital Financial Services Ltd (17/03/2023) ** | 5.38% | |
| 5.3% Housing Development Finance Corporation Ltd (08/03/2023) ** | 5.36% | |
| 5.47% Power Finance Corporation Ltd (19/08/2023) ** | 5.34% | |
| 5.32% National Housing Bank (01/09/2023) ** | 5.33% | |
| 6.75% Sikka Ports and Terminals Ltd (22/04/2026) ** | 5.30% | |
| 5.35% National Housing Bank (12/02/2024) ** | 5.29% | |
| 5.44% National Bank For Agriculture and Rural Development (05/02/2024) | 5.28% | |
| 5.1% Sundaram Finance Ltd (01/12/2023) ** | 5.28% | |
| 5.24% Small Industries Dev Bank of India (26/03/2024) ** | 5.27% | |
| 4.57% UltraTech Cement Ltd (29/12/2023) ** | 5.25% | |
| 6.4% Jamnagar Utilities & Power Private Ltd (29/09/2026) | 5.19% | |
| Corporate Bond Total | 88.23% | |
| Government Bond | ||
| 5.74% GOI (15/11/2026) | 2.56% | |
| Government Bond Total | 2.56% | |
| Cash & Other Receivables Total | 9.21% | |
| Total | 100.00% | |
** Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MACBF | 1.96% |
2.89% |
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| Scheme Benchmark* | 3.06% |
5.86% |
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| Additional Benchmark** | -3.88% |
-1.21% |
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| NAV as on 31st May, 2022 | 10.3500 | |||
| Index Value (31st May, 2022) | Index Value of benchmark is 4,984.46 and CRISIL 10 Year Gilt Index is 3,940.56 | |||
| Allotment Date | 17th March, 2021 | |||
| Scheme Benchmark | *CRISIL Corporate Bond Fund BIII Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Mahendra Jajoo managing the scheme since17th March, 2021.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
This product is suitable for investors who are seeking*
. To generate income over Medium to long term
. Investments predominantly in high quality corporate bonds
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Note : With reference to SEBI Circular no. SEBI/HO/IMD/IMD-11 DOF-3/CIR/2021/573 dated June 07, 2021 disclosure of Potential Risk Class (PRC) Matrix is provided for debt Schemes of Mirae Asset Mutual Fund.
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option