How to Invest in Mirae Asset Corporate Bond Fund Direct IDCW?

You can easily invest in Mirae Asset Corporate Bond Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for Mirae Asset Corporate Bond Fund Direct IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in Mirae Asset Corporate Bond Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Corporate Bond Fund Direct IDCW provide?

The Mirae Asset Corporate Bond Fund Direct IDCW has been there from 17 Mar 2021 and the average annual returns provided by this fund is 3.82% since its inception.

How much expense ratio is charged by Mirae Asset Corporate Bond Fund Direct IDCW?

The term Expense Ratio used for Mirae Asset Corporate Bond Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of Mirae Asset Corporate Bond Fund Direct IDCW is 0.46% as of 24 Mar 2023...

What is the AUM of Mirae Asset Corporate Bond Fund Direct IDCW?

The AUM, short for Assets Under Management of Mirae Asset Corporate Bond Fund Direct IDCW is ₹57.99Cr as of 24 Mar 2023.

How to Redeem Mirae Asset Corporate Bond Fund Direct IDCW?

If you want to sell your Mirae Asset Corporate Bond Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Corporate Bond Fund Direct IDCW?

You can select either SIP or Lumpsum investment of Mirae Asset Corporate Bond Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Corporate Bond Fund Direct IDCW?

The NAV of Mirae Asset Corporate Bond Fund Direct IDCW is ₹10.87 as of 23 Mar 2023.

What is the PE and PB ratio of Mirae Asset Corporate Bond Fund Direct IDCW?

The PE ratio ratio of Mirae Asset Corporate Bond Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

Mirae Asset Corporate Bond Fund Direct IDCW - NAV, Mutual Fund Performance & Portfolio

Mirae Asset Corporate Bond Fund Direct IDCW
Debt
Corporate Bond
Low to Moderate Risk
Payout
1M
6M
1Y
All
 NAV: 23 Mar 2023₹10.87
Min. SIP amountNot Supported
Rating3
Fund size₹57.99Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Corporate Bond
Absolute returns
3M6M1YAll
Fund returns1.8%2.9%3.3%7.2%
Category averageNANA3.6%NA
Rank with in category181213NA
Understand terms
Holdings (12)NameSectorInstrumentAssets
GOISovereignGOI Sec8.6%
National Bank For Agriculture & Rural Development
FinancialDebenture8.5%
Power Finance Corporation Ltd.FinancialDebenture8.5%
Sundaram Finance Ltd.
FinancialDebenture8.4%
National Housing Bank
FinancialDebenture8.4%
Export-Import Bank Of India
FinancialDebenture8.4%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture8.4%
Ultratech Cement Ltd.
ConstructionDebenture8.4%
Embassy Office Parks REITConstructionDebenture8.4%
Sikka Ports and Terminals Ltd.EnergyDebenture8.3%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
28 Feb 2023 - Present
0.47%
31 Jan 2023 - 28 Feb 2023
0.46%
31 Dec 2022 - 31 Jan 2023
0.45%
31 Dec 2022 - 31 Dec 2022
0.45%
30 Nov 2022 - 31 Dec 2022
0.45%
30 Nov 2022 - 30 Nov 2022
0.45%
30 Nov 2022 - 30 Nov 2022
0.45%
31 Oct 2022 - 30 Nov 2022
0.46%
31 Oct 2022 - 31 Oct 2022
0.46%
31 Oct 2022 - 31 Oct 2022
0.46%
30 Sep 2022 - 31 Oct 2022
0.46%
30 Sep 2022 - 30 Sep 2022
0.46%
30 Sep 2022 - 30 Sep 2022
0.46%
31 Aug 2022 - 30 Sep 2022
0.46%
31 Aug 2022 - 31 Aug 2022
0.46%
31 Jul 2022 - 31 Aug 2022
0.46%
31 Jul 2022 - 31 Jul 2022
0.46%
31 Jul 2022 - 31 Jul 2022
0.46%
30 Jun 2022 - 31 Jul 2022
0.46%
30 Jun 2022 - 30 Jun 2022
0.46%
31 May 2022 - 30 Jun 2022
0.46%
31 May 2022 - 31 May 2022
0.46%
30 Apr 2022 - 31 May 2022
0.48%
30 Apr 2022 - 30 Apr 2022
0.48%
31 Mar 2022 - 30 Apr 2022
0.48%
31 Mar 2022 - 31 Mar 2022
0.48%
28 Feb 2022 - 31 Mar 2022
0.46%
28 Feb 2022 - 28 Feb 2022
0.46%
31 Jan 2022 - 28 Feb 2022
0.47%
31 Dec 2021 - 31 Jan 2022
0.47%
30 Nov 2021 - 31 Dec 2021
0.47%
31 Oct 2021 - 30 Nov 2021
0.47%
30 Sep 2021 - 31 Oct 2021
0.47%
31 Aug 2021 - 30 Sep 2021
0.45%
31 Jul 2021 - 31 Aug 2021
0.45%
30 Jun 2021 - 31 Jul 2021
0.45%
31 May 2021 - 30 Jun 2021
0.46%
30 Apr 2021 - 31 May 2021
0.41%
31 Mar 2021 - 30 Apr 2021
0.41%
Expense ratio, exit load and taxExpense ratio: 0.46%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementMahendra Kumar Jajoo
Feb 2021 - Present
View details
Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
Also manages these schemes
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Mirae Asset Cash Management Fund Direct IDCW Monthly
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Mirae Asset Hybrid Equity Fund Direct IDCW
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Mirae Asset Equity Savings Fund Direct IDCW
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Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Direct IDCW
Mirae Asset Fixed Maturity Plan Series III 1122 Days Regular Growth
Mirae Asset Fixed Maturity Plan Series III 1122 Days Regular IDCW
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Mirae Asset Overnight Fund Direct IDCW Daily
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Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Regular IDCW
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Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund Direct IDCW
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Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund Regular IDCW
Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund Direct Growth
Basant Bafna
Jan 2023 - Present
View details
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India
Also manages these schemes
Mirae Asset Short Term Fund Direct IDCW
Mirae Asset Short Term Fund Direct Growth
Mirae Asset Short Term Fund Regular Growth
Mirae Asset Short Term Fund Regular IDCW
Mirae Asset Banking and PSU Debt Fund Regular Growth
Mirae Asset Banking and PSU Debt Fund Direct IDCW
Mirae Asset Banking and PSU Debt Fund Regular IDCW
Mirae Asset Banking and PSU Debt Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Direct Growth
Mirae Asset Ultra Short Duration Fund Regular Growth
Mirae Asset Ultra Short Duration Fund Regular IDCW
Mirae Asset Corporate Bond Fund Direct Growth
Mirae Asset Corporate Bond Fund Direct IDCW
Mirae Asset Corporate Bond Fund Regular Growth
Mirae Asset Corporate Bond Fund Regular IDCW
Mirae Asset Money Market Fund Direct Growth
Mirae Asset Money Market Fund Regular Growth
Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹1,02,127.67Cr
Date of Incorporation26 Apr 2019
 Mirae Asset Corporate Bond Fund Direct IDCW is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 26 Apr 2019. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Corporate Bond Fund Direct IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹1,02,128 Cr and the Latest NAV as of 23 Mar 2023 is ₹10.87.
The Mirae Asset Corporate Bond Fund Direct IDCW is rated Low to Moderate risk.
;
Investment ObjectiveThe scheme seeks to provide income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds.
;
Fund benchmarkCRISIL Corporate Bond Fund BIII Index
Scheme Information Document(SID)
Fund house contact details
Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
E-mail
[email protected]
Website
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
Compare funds
Mirae Asset Corporate Bond Fund Direct IDCW
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	3M	6M	1Y	All
Fund returns	1.8%	2.9%	3.3%	7.2%
Category average	NA	NA	3.6%	NA
Rank with in category	18	12	13	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	8.6%
National Bank For Agriculture & Rural Development	Financial	Debenture	8.5%
Power Finance Corporation Ltd.	Financial	Debenture	8.5%
Sundaram Finance Ltd.	Financial	Debenture	8.4%
National Housing Bank	Financial	Debenture	8.4%
Export-Import Bank Of India	Financial	Debenture	8.4%
Small Industries Devp. Bank of India Ltd.	Financial	Debenture	8.4%
Ultratech Cement Ltd.	Construction	Debenture	8.4%
Embassy Office Parks REIT	Construction	Debenture	8.4%
Sikka Ports and Terminals Ltd.	Energy	Debenture	8.3%

Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	3
Fund size	₹57.99Cr

Mirae Asset Corporate Bond Fund Direct IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (12)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.46%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Mahendra Kumar JajooFeb 2021 - PresentView details

Basant BafnaJan 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Mahendra Kumar Jajoo
Feb 2021 - Present
View details

Basant Bafna
Jan 2023 - Present
View details