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Mirae Asset Mutual Fund Launches Funds focused on Dynamic Allocation and Financial Sector Fixed Income Strategy

Mirae Asset Mutual Fund launches Mirae Asset Income Plus Arbitrage Active FOF and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund
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  • Mirae Asset Income Plus Arbitrage Active FOF offers dynamic allocation between debt and arbitrage mutual funds
  • Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund offers exposure to high-quality short-term instruments in the financial sector

Mumbai, June 12, 2025:

Mirae Asset Investment Managers (India) Pvt. Ltd. announces launch of New Fund Offers (NFOs) for two distinct funds, catering to evolving investor preferences in a dynamic rate and liquidity environment. The two new funds offer differentiated approaches— 1) A dynamic strategy blending arbitrage and debt allocations and 2) A passively managed constant maturity strategy focused on the AAA-rated financial services segment.

The new funds are Mirae Asset Income Plus Arbitrage Active FOF, (An open-ended fund of funds scheme investing in units of actively managed Debt oriented and arbitrage Mutual Fund schemes; and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund, an open-ended index fund tracking CRISIL-IBX Financial Services 9-12 Months Debt Index.

The New Fund Offer (NFO) for Mirae Asset Income Plus Arbitrage Active FOF will open for subscription on June 16, 2025, and close on June 30, 2025, while the New Fund Offer for Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund will open on June 17, 2025, and close on June 23, 2025. Mirae Asset Income Plus Arbitrage Active FOF will Scheme re-open on July 07, 2025 while Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund Scheme re-open on June 26, 2025.

“We are optimistic about the potential of the Mirae Asset Income plus Arbitrage Active FOF to adapt to diverse market environments. While on one hand, active allocation across debt fund categories will help deal with a volatile fixed income space, ability to opt for Arbitrage funds when it offers a better opportunity will be an additional feature” said, Mahendra Kumar Jajoo, CIO – Fixed Income, Mirae Asset Investment Managers (India) Pvt. Ltd.

“The Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund offers a low duration, low credit risk strategy through a passively managed index approach. It tracks a basket of AAA-rated financial sector issuers including banks, NBFCs, and HFCs with 9–12-month maturities. With a roll-down strategy and attractive term spreads in the sector, it offers a good option for accrual strategy orientation with a bit of capital gains possibility” said Mr. Amit Modani, Dealer -Fixed Income & Fund Manager, Mirae Asset Investment Managers (India) Pvt. Ltd.

For both schemes, the minimum initial investment during New Fund Offer will be ₹5,000/- (Rupees Five Thousand) with subsequent investments in multiples of Re. 1 thereafter. SIP will be available starting from ₹99.

Mirae Asset Income Plus Arbitrage Active FOF

The scheme seeks to deliver stable and tax-efficient returns through a dynamic allocation between arbitrage and debt mutual fund schemes based on macroeconomic outlooks.

The allocation can range between 35% to 65% each in actively managed arbitrage and debt mutual fund schemes, based on a disciplined 3-step process analyzing interest rate trends, arbitrage spreads, and debt market signals. The portfolio will be assessed monthly, especially around futures expiry, to ensure optimal allocation based on prevailing market conditions.

Unlike traditional debt or arbitrage funds, the FOF structure allows seamless rebalancing between schemes without tax impact on switches, while offering equity-like long-term capital gains (LTCG) taxation of 12.5% after two years.

The scheme aims to act as an all-seasons vehicle for investors seeking stability, moderate risk, liquidity, and tax efficiency.

Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund

The fund is designed to track the CRISIL-IBX Financial Services 9-12 Months Debt Index, offering investors exposure to high-quality Commercial Papers (CPs), Certificates of Deposits (CDs), and bonds issued by AAA-rated financial services companies such as Public Sector Banks (PSU) and private banks, Non-Banking Financial Companies (NBFCs), and Housing Finance Companies (HFCs).

The index follows a constant maturity roll-down strategy, maintaining instruments with 9-12 months maturity, and benefits from the term premium and declining yields as securities approach maturity.

The portfolio is diversified across issuers with no single issuer exceeding 15% and rebalanced semi-annually. With a Modified Duration of ~0.65 years and Yield to Maturity (YTM) of 6.44% (as of June 10, 2025), the fund offers a compelling low-risk investment for investors seeking income with low interest rate sensitivity.

Data as on: 31 May 2025.

About Mirae Asset Investment Managers (India) Pvt. Ltd.

Established in 2008, Mirae Asset Mutual Fund is one of India’s fastest-growing fund houses. Mirae Asset Investment Managers (India) Pvt. Ltd. is the Asset Management Company (“AMC”) of Mirae Asset Mutual Fund.

As a pivotal player within Mirae Asset Global Investments, operating across 19 countries, Mirae Asset Investment Managers (India) Pvt. Ltd. is dedicated to collaborative management, offering a fully diversified investment platform. The AMC has 72 schemes available for investors spread across Equity funds, Debt funds, Hybrid Funds, and ETF funds. With expertise drawn from our global professionals, Mirae Asset Mutual Fund caters to clients’ evolving needs with innovative solutions across various asset classes, striving to align portfolios with investment objectives for sustainable growth and success.

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Note: The above Product Labelling assigned during the NFO is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made. Investors of Mirae Asset Income plus Arbitrage Active FOF may note that they will bear recurring expenses of the underlying scheme in addition to the expenses of the scheme.

Taxation: The Scheme will attract lower rates of tax as compared to debt and money market Mutual Funds. Please refer SAI for detailed taxation.

Disclaimers

NSE Indices Ltd Disclaimer : NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty 50 Equal Weight Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the Nifty 50 Equal Weight Index or any data included therein NSE IND ICES LIMITED makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims ,damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages

CRISIL Indices Limited Disclaimer

Each CRISIL Index (including, for the avoidance of doubt, its values and constituents) published on the website (www.crisil.com) or otherwise delivered to client by CRISIL Limited (hereinafter, “CRISIL”) is the sole property of CRISIL. By viewing, accessing and/or otherwise using CRISIL Indices or any related information (together, “Material”) the person doing so (“user”) acknowledges and accepts as follows: The user understands that the Material is provided by way of general information. CRISIL makes no representation or warranty that the Material is appropriate or available for use at any location(s) outside India. Any access to the Materials from territories where such contents are illegal, is prohibited. The user may not use or export the Material in violation of any export and other laws or regulation. Where a user accesses the Material from allocation outside India, the user is responsible for compliance with (and, if any, violation of) all local laws. The provision of the Material is not intended to create an adviser, broker/dealer, or consultant-client relationship between CRISIL and the user. CRISIL neither endorses nor solicits any business in respect the trading, purchase or sale of any of the securities or instruments that may be featured in the CRISIL Index. Any use of the Material other than user’s own personal or individual non-commercial purpose, is subject to the user obtaining the prior written consent of (and payment of applicable charges to) CRISIL. Without limiting the foregoing, unless the user is specifically permitted by CRISIL in writing the user may not:(a) copy, transmit, combine with other information, recompile or redistribute any part of the Material in any manner; (b) commercially exploit any part of Material. Any unauthorized access and use of any part of the Material is illegal and may attract legal action as CRISIL may consider necessary. While CRISIL uses reasonable care in computing the CRISIL Indices and bases its calculation on data that it considers reliable, CRISIL makes no representations or warranties including that any CRISIL Index or other Material is error-free, complete, adequate, updated or fit for any particular purpose. Further, there maybe errors in transmission of the information. The user takes the full responsibility for any use of CRISIL Indices. CRISIL does not accept any liability whatsoever (and expressly excludes all liability) arising from or relating to their use of any part of Material

Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited.

The information contained in this document is compiled from third party and publicly available sources and is included for general information purposes only. There can be no assurance and guarantee on the yields. Views expressed by the Fund Manager cannot be construed to be a decision to invest. The statements contained herein are based on current views and involve known and unknown risks and uncertainties. Whilst Mirae Asset Investment Managers (India) Private Limited (the AMC) shall have no responsibility/liability whatsoever for the accuracy or any use or reliance thereof of such information. The AMC, its associate or sponsors or group companies, its Directors or employees accepts no liability for any loss or damage of any kind resulting out of the use of this document. The recipient(s) before acting on any information herein should make his/her/their own investigation and seek appropriate professional advice and shall alone be fully responsible / liable for any decision taken on the basis of information contained herein. Any reliance on the accuracy or use of such information shall be done only after consultation to the financial consultant to understand the specific legal, tax or financial implications.

For further information about other schemes (product labelling and performance of the fund) please visit the website of the AMC: www.miraeassetmf.co.in

Please consult your financial advisor or mutual fund distributor before investing

Mutual fund investments are subject to market risks, read all scheme related documents carefully.

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