MIRAE ASSET
NIFTY SDL JUNE 2028 INDEX FUND
(An open-ended target maturity Index Fund investing in the constituents of Nifty SDL June 2028 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 SDL June 2028 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 SDL June 2028 Index by investing in State Development Loans (SDL), maturing on or before June 30, 2028, 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. Mahendra Jajoo (since March 31, 2023) Allotment Date |
31st March, 2023 Benchmark Index |
Nifty SDL June 2028 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 |
72.7434 Net AUM (₹ Cr.) |
77.19 Tracking Error Value~ |
~1 Year Tracking Difference for Direct Plan is 1.15% |
Monthly Total Expense Ratio |
(Including Statutory Levies) as on June 30, 2024 Regular Plan: 0.49% Direct Plan: 0.12% **For experience of Fund Managers Click Here |
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| NAV: | Direct | Regular |
| Growth | ₹ 10.9740 | ₹ 10.9232 |
| IDCW | ₹ 10.9740 | ₹ 10.9234 |
| Portfolio Holdings | % Allocation |
| State Government Bond | |
| 6.98% Maharashtra SDL (MD 26/02/2028) | 19.25% |
| 8.45% Uttar Pradesh SDL (MD 27/06/2028) | 13.44% |
| 8.32% Tamilnadu SDL (MD 23/05/2028) | 13.39% |
| 7.22% Gujarat SDL (MD 14/06/2028) | 12.92% |
| 6.99% Telangana SDL (MD 10/06/2028) | 11.54% |
| 8.15% Bihar SDL (MD 27/03/2028) | 6.64% |
| 7.49% Gujarat SDL (MD 29/03/2028) | 6.52% |
| 8.2% Uttarakhand SDL (MD 09/05/2028) | 5.33% |
| 7.7% Andhra Pradesh SDL (MD 01/03/2028) | 4.59% |
| 8.27% Kerala SDL (MD 21/02/2028) | 2.00% |
| 8.35% Gujarat SDL (MD 28/02/2028) | 1.20% |
| 8.62% punjab SDL (MD 13/06/2028) | 0.14% |
| 8.4% Rajasthan SDL (MD 20/06/2028) | 0.13% |
| 8.4% Rajasthan SDL (MD 06/06/2028) | 0.13% |
| State Government Bond Total | 97.23% |
| Cash & Other Receivables Total | 2.77% |
| Grand Total | 100.00% |
| Returns (in%) | |||||
| 1 Year | Since Inception | Value of 10000 invested Since Inception (in Rs.) | |||
| Mirae Asset Nifty SDL June 2028 Index Fund | 6.99% |
7.31% |
10,923 |
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| Scheme Benchmark* | 7.86% |
7.91% |
11,000 |
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| Additional Benchmark** | 7.32% |
8.35% |
11,056 |
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| NAV as on 30th June, 2024 | ₹ 10.9232 | ||||
| Index Value (30th June, 2024) | Index Value of benchmark is 1,111.03 and CRISIL 10 Year Gilt Index is 4,642.38 | ||||
| Allotment Date | 31st March, 2023 | ||||
| Scheme Benchmark | *Nifty SDL June 2028 Index | ||||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | ||||
Fund manager : Mr. Mahendra Jajoo managing the scheme since 31st March, 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 long term
. Investment in securities in line with Nifty SDL June 2028 Index to generate comparable returns subject to tracking errors
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Average Maturity | 3.78 Yrs |
| Modified Duration | 3.19 Yrs |
| Macaulay Duration | 3.30 Yrs |
| Annualized Portfolio YTM* | 7.43% |
*In case of semi annual YTM, it will be annualized.