- 1M
- 3M
- 6M
- 1YR
- 3YR
- 5YR
- 10YR
- Since Inception
Performance
Monthly SIP of ₹ for
Below table shows comparison of Mirae Asset Corporate Bond Fund with respect to the investments in Fixed Deposit and Gold for the
Total investment of
₹36,000 over the period of 3 years.
| Total Value | Gain | Return % | |
|---|---|---|---|
| This Fund | 39,109 |
3,109 |
5.45% |
| Bank FD | 39,824 |
3,824 |
6.5% |
| Gold | 40,770 |
4,770 |
8.00% |
Fund Information
-
As of 31 Jan 2024, fund size of Mirae Asset Corporate Bond Fund is
57.98 Cr. -
Mirae Asset Corporate Bond Fund shown here is of
Growthplan.
-
The Total Expense Ratio (TER) of the fund is
0.9%. The Total Expense Ratio (TER) is a measure that represents the total costs associated with managing and operating a mutual fund as a percentage of its average Assets under Management (AUM). It provides an insight into the overall expenses they will incur by investing in the fund.
-
Mirae Asset Corporate Bond Fund is an
Debtoriented mutual fund in the
- Corporate Bond Fundcategory.
-
CRISIL Corporate Bond Fund BIII Index
is the benchmark for Mirae Asset Corporate Bond Fund. A benchmark for a mutual fund serves as a standard for performance comparison, helping investors assess how well the fund is meeting its objectives and how it fares against relevant market indicators. Investors often compare the fund's performance with the benchmark as well as its peers.
-
The inception date of a mutual fund refers to the date when the fund was first established and began operations. It is the starting point from which the fund's performance, returns, and other key metrics are calculated. The fund was started on
01 Mar 2021as at present it is 3 years old fund.
-
Name of the AMC is
Mirae Asset Mutual Fund.
Click here to
know moreabout Mirae Asset Mutual Fund.
Fund Managed By
Fund managers make investment decisions, optimizing returns and managing risks for portfolios. Responsibilities include market analysis, performance monitoring. Mirae Asset Corporate Bond Fund managed by following fund manager(s);
How does the
Return Comparison of the Mirae Asset Corporate Bond Fund fare against peer funds in the Corporate Bond fund category?
Peer fund returns can vary based on the collaborative nature and specific strategies employed by fund managers of these funds listed in below table, often showcasing different risk-return profiles compared to strategy adopted by Mirae Asset Corporate Bond Fund. Below table demonstrate the returns generated by some peer funds and compare tho this fund and average return generate by the Debt, Corporate Bond fund category these peer funds belongs to.
| Fund Name | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 2 Years | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|---|---|---|
| Category Best | 0.43% | 1.09% | 5.85% | 5.85% | 7.70% | 5.49% | 5.70% | 7.68% | 8.25% |
| Category Average | 0.33% | 0.87% | 4.70% | 4.80% | 6.53% | 4.46% | 4.87% | 6.98% | 7.78% |
| Mirae Asset Corporate Bond Fund | 0.12% | 0.33% | 1.80% | 3.71% | 6.12% | 5.42% | 4.61% | - | - |
| ICICI Prudential Corporate Bond Fund | 0.10% | 0.47% | 1.90% | 3.73% | 7.44% | 6.89% | 5.85% | 7.15% | 7.64% |
| Aditya Birla Sun Life Corporate Bond Fund | 0.08% | 0.26% | 1.82% | 3.98% | 7.19% | 6.39% | 5.59% | 7.24% | 7.92% |
| Sundaram Corporate Bond Fund | 0.07% | 0.27% | 1.64% | 3.68% | 6.29% | 5.53% | 4.88% | 6.93% | 7.91% |
| Axis Corporate Debt Fund | 0.11% | 0.27% | 1.78% | 3.76% | 6.54% | 5.97% | 5.15% | 6.18% | - |
| Kotak Corporate Bond Fund | 0.10% | 0.36% | 1.81% | 3.83% | 6.83% | 6.00% | 5.32% | 6.58% | - |
Fund Portfolio Details
Portfolio details of a fund generally refer to a comprehensive breakdown of the investments held within a specific investment vehicle, such as a mutual fund or exchange-traded fund (ETF). Portfolio details of Mirae Asset Corporate Bond Fund are shown below;
Equity -
Debt 94.01%
Others 5.99%
Top Holdings
| Name of the Instrument | Holding Percentage |
|---|---|
| GOVERNMENT OF INDIA 33298 GOI 14AG33 7.18 FV RS 100 | 10.37% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 7.44 BD 04SP26 FVRS1LAC | 8.55% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 23C 7.25 LOA 01AG25 FVRS10LAC | 8.54% |
| EMBASSY OFFICE PARKS REIT SR V TR A 6.25 NCD 18OT24 FVRS10LAC | 8.51% |
| POWER FINANCE CORPORATION LTD. SR BS216 7.13 BD 15JL26 FVRS10LAC | 8.50% |
| Others | 55.53% |
Allocation by Instruments
| Type of the Instrument | Holding Percentage |
|---|---|
| GOVERNMENT SECURITIES | 16.41% |
| BOND | 40.82% |
| DEBENTURE | 24.69% |
Portfolio Holdings shown is as of 31 Jan 2024
Riskometer
Investors understand that their
principal
will be at Moderate risk