MIRAE ASSET
NIFTY AAA PSU BOND PLUS SDL APR 2026 50:50 INDEX FUND
(An open-ended target maturity Index Fund investing in the constituents of Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index. A scheme with relatively high interest rate risk and relatively low credit risk)
| Type of Scheme | An open-ended target maturity Index Fund investing in the constituents of Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index. A scheme with relatively high interest rate risk and relatively low credit risk |
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| Investment Objective | The investment objective of the scheme is to track the Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index by investing in AAA rated Public Sector Undertaking (PSU) Bonds and State Development Loans (SDL), maturing on or before April 30, 2026, subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns |
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Fund Manager** |
Mr. Amit Modani - (since January 16, 2023) Allotment Date |
20th October, 2022 Benchmark Index |
Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 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 / 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 June 30, 2024 |
91.4635 Net AUM (₹ Cr.) |
88.92 Tracking Error Value~ |
~1 Year Tracking Difference for Direct Plan is 0.40% |
Monthly Total Expense Ratio |
(Including Statutory Levies) as on June 30, 2024 Regular Plan: 0.37% Direct Plan: 0.12% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 11.2740 | ₹ 11.2305 |
| IDCW | ₹ 11.2740 | ₹ 11.2315 |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| National Bank For Agriculture and Rural Development | 11.18% |
| Power Finance Corporation Limited | 6.73% |
| Indian Railway Finance Corporation Limited | 5.77% |
| REC Limited | 5.59% |
| Mangalore Refinery and Petrochemicals Limited | 5.50% |
| NHPC Limited | 5.15% |
| Small Industries Dev Bank of India | 3.90% |
| Indian Oil Corporation Limited | 3.72% |
| Corporate Bond Total | 47.54% |
| State Government Bond | |
| 8.51% West Bangal SDL (MD 10/02/2026) | 8.02% |
| 8.60% Bihar SDL (MD 09/03/2026) | 6.89% |
| 8.27% Madhya Pradesh SDL (MD 23/12/2025) | 6.85% |
| 8.28% Karnataka SDL (MD 06/03/2026) | 5.71% |
| 8.21% Maharastra SDL (MD 09/12/2025) | 5.70% |
| 6.99% Gujarat SDL (MD 31/03/2026) | 5.61% |
| 8.39% Andhra Pradesh SDL (MD 27/01/2026) | 4.29% |
| 6.18% Gujarat SDL MD (MD 31/03/2026) | 2.77% |
| 8.65% Rajasthan SDL(MD 24/02/2026) | 1.55% |
| 8.53% Uttar Pradesh SDL (MD 10/02/2026) | 1.43% |
| State Government Bond Total | 48.81% |
| Cash & Other Receivables Total | 3.64% |
| Grand Total | 100.00% |
| Returns (in%) | |||||
| 1 Year | Since inception | Value of 10000 invested Since Inception (in Rs.) | |||
| Mirae Asset Nifty AAA PSU Bond+ SDL Apr 26 50:50 Index Fund | 6.96% |
7.08% |
11,231 |
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| Scheme Benchmark* | 7.47% |
7.71% |
11,343 |
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| Additional Benchmark** | 7.32% |
8.88% |
11,551 |
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| NAV as on 30th June, 2024 | ₹ 11.2305 | ||||
| Index Value (30th June, 2024) | Index Value of benchmark is 1,138.21 and CRISIL 10 Year Gilt Index is 4,642.38 | ||||
| Allotment Date | 20th October, 2022 | ||||
| Scheme Benchmark | *Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index | ||||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | ||||
Fund manager : Mr. Amit Modani managing the scheme since 16th January, 2023.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns.
Latest available NAV has been taken for return calculation wherever applicable
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*
. Income over the target maturity period
. Open ended Target Maturity Index Fund that seeks to track Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Average Maturity | 1.60 Yrs |
| Modified Duration | 1.43 Yrs |
| Macaulay Duration | 1.50 Yrs |
| Annualized Portfolio YTM* | 7.50% |
*In case of semi annual YTM, it will be annualized.