Mirae Asset Mutual Fund launches Mirae Asset Nifty SDL Jun 2027 Index Fund

(An open-ended target maturity Index Fund investing in the constituents of Nifty SDL Jun 2027 Index. A scheme with relatively high interest rate risk and relatively low credit risk)

Mumbai, March 25, 2022:

Mirae Asset Mutual Fund, one of the fastest growing fund houses in India, has announced the launch of Mirae Asset Nifty SDL Jun 2027 Index Fund, an open-ended target maturity Index Fund tracking Nifty SDL Jun 2027 Index.

The NFO will open for subscription on March 25, 2022, and close on March 29, 2022. Mirae Asset Nifty SDL Jun 2027 Index Fund will be managed by Mr. Mahendra Jajoo. The minimum initial investment in the scheme during the NFO will be Rs 5,000 and multiples of Re 1 thereafter.

Key Highlights:

  • Target Maturity Index Funds are passive investments in debt securities that aim to replicate the performance of the underlying index and have a specified maturity date
  • These funds differentiate themselves from other open-ended debt mutual funds by having a roll down approach with fixed maturity date making potential returns visible for investors who plan to stay invested over the life cycle of the fund, but offer similar beneficial features like Liquidity, Tax-efficient indexation, accessibility and Diversification.
  • Negligible Credit Risk as fund seek to invest in SDL’s (State Development Loans) which have implicit sovereign guarantee. Among all the fixed investment options available, SDLs and central government dated securities carry the highest credit safety relatively.
  • Usually offers higher yield than Central Government Securities in similar maturity
  • No lock-in. Investors can subscribe or redeem anytime during the lifecycle of the fund
  • Aims to generate relatively higher post tax returns vis-à-vis traditional fixed income investment

“The Mirae Asset Nifty SDL Jun 2027 Index Fund may be a good investment avenue for investors seeking to invest in robust debt portfolio with low credit risk, offering fairly predictable returns for investors who plan to stay invested over the life cycle of the fund, while offering the flexibility to subscribe or redeem at any time,” said Mr. Swarup Mohanty, Director & CEO, Mirae Asset Investment Managers (India) Pvt. Ltd

Mr. Mahendra Jajoo, CIO - Fixed Income, Mirae Asset Investment Managers (India) Pvt. Ltd said, “In the currently volatile and uncertain environment where most investors are concerned about a possible increase in interest rates in coming quarters but are also unhappy with low money market rates, a target maturity index funds offers a good combination of predictable returns and a high-quality portfolio while there could be a benefit from the steep yield curve”.

For further information, contact:

Rajesh Joshi,
The Good Edge,

| M: +91-9833171525

- Please note the predictability of return doesn’t imply guaranteed return or protection of principal. Investment are still subject to credit and market risks. Furthers return will be potentially visible only if the investor continues to hold it till the maturity.


NSE Indices Ltd Disclaimer: NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the Nifty SDL Jun 2027 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 Nifty SDL Jun 2027 Index or any data included therein. NSE INDICES 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.

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 publically 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.

Mutual fund investments are subject to market risks, read all scheme related documents carefully.
Please consult your financial advisor before investing

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

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