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.

Details as on February 28, 2023
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.
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.
Fund Manager**
Mr. Mahendra Jajoo -
(since March 17, 2021)
Mr. Basant Bafna# -
(w.e.f 16 January, 2023)
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 February 28, 2023
60.12
Net AUM (₹ Cr.)
57.99
Monthly Avg. Expense Ratio
(Including Statutory Levies)
as on February 28, 2023
Regular Plan: 0.92%
Direct Plan: 0.47%
**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.
# As per notice cum addendum no. 03/2023 fund manager of the scheme has changed. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum
NAV: Direct Regular
Growth ₹ 10.8036 ₹ 10.7104
IDCW^ ₹ 10.8029 ₹ 10.7102
Portfolio Holdings % Allocation
Corporate Bond
7.25% NABARD (01/08/2025) **
8.51%
7.13% Power Finance Corporation Ltd (15/07/2026) **
8.46%
5.1% Sundaram Finance Ltd (01/12/2023) **
8.45%
5.35% National Housing Bank (12/02/2024) **
8.43%
5.2% Export Import Bank of India (04/03/2025) **
8.42%
5.24% Small Industries Dev Bank of India (26/03/2024) **
8.41%
4.57% UltraTech Cement Ltd (29/12/2023) **
8.40%
6.25% Embassy Office Parks REIT (18/10/2024) **
8.39%
6.75% Sikka Ports and Terminals Ltd (22/04/2026) **
8.31%
7.6% REC Ltd (28/02/2026) **
1.71%
Corporate Bond Total
77.49%
Government Bond
7.38% GOI (20/06/2027)
8.61%
7.26% GOI (22/08/2032)
2.55%
Government Bond Total
11.16%
Cash & Other Receivables Total
11.35%
Total
100.00%

** Thinly Traded / Non Traded Security


Growth of Rs. 10,000 invested at inception: 10,710

Returns (in%)
1 Yr SI
MACBF
2.95%
3.58%
Scheme Benchmark*
3.26%
5.85%
Additional Benchmark**
2.00%
1.72%
NAV as on 28th February, 2023 ₹ 10.7104
Index Value (28th February, 2023) Index Value of benchmark is 5,200.39 and CRISIL 10 Year Gilt Index is 4,134.12
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 & Mr. Basant Bafna managing the scheme since 17th March, 2021 & since 16th January, 2023 respectively.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns

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

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.
^^As per notice cum addendum no. 10/2023 riskometer of the scheme has changed. Please visit the website for more details https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum


Average Maturity 2.03 Years
Modified Duration 1.63 Years
Macaulay Duration 1.75 Years
Annualized Portfolio YTM* 7.69%

*In case of semi annual YTM, it will be annualized.