Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 5...
NAV as of Aug 30, 2024
11.44-0.01%
(Earn upto 0.25% Extra Returns with Direct Plan)
Fund Category:
Debt: Target Maturity
Expense Ratio:
0.12%(0.18% Category
average)Fund Size:
Rs. 89.04 Cr(0.07% of Investment in Category)
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Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 I...
NAV as of Aug 30, 2024
11.44-0.01%
Expense Ratio:
0.12%
Fund Size:
Rs. 89.04 Cr
Fund Category:
Debt: Target Maturity
1. Current NAV: The Current Net Asset Value of the Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan as of Aug 30, 2024 is Rs 11.44 for IDCW option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 7.65% (1yr) and 7.48% (since launch). Whereas, Category returns for the same time duration are: 8.16% (1yr), 5.62% (3yr) and 0.0% (5yr).
3. Fund Size: The Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs 89.04 crore as on Jul 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.12% for Direct plan as on Aug 01, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 5000 and minimum additional investment is Rs 1000. Minimum SIP investment is Rs 500.
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - IDCW Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 0.63 2.05 3.91 7.59 - - Category Avg 0.75 2.38 4.22 8.06 5.57 - Rank within Category 80 82 77 80 - - No. of funds within Category 100 99 97 95 12 - - Loading...
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Return Comparison
- This Fund
- BenchmarkAditya Birla SL Nifty SDL Plus PSU Bond Sep 2026 60:40 Index Direct-IDCW
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Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - IDCW Fund Details
Investment Objective - The scheme seeks to track Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index by investing in AAA rated Public Sector Undertaking (PSU) Bonds and State Development Loans (SDL), maturing on or before April 30, 2026, subject to tracking errors.
Fund House | Mirae Asset Mutual Fund |
Launch Date | Oct 20, 2022 |
Benchmark | Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index |
Return Since Launch | 7.47% |
Riskometer | Low to Moderate |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - IDCW Investment Details
Minimum Investment (Rs.) | 5,000.00 |
Minimum Additional Investment (Rs.) | 1,000.00 |
Minimum SIP Investment (Rs.) | 500.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Portfolio Aggregates
Fund | 1Y High | 1Y Low | Category | |
---|---|---|---|---|
Modified Duration(Yrs) | 1.36 | 7.99 | 0.56 | 3.1761 |
Average Maturity(Yrs) | 1.52 | 12.92 | 0.61 | 4.0428 |
Yield to Maturity(%) | 7.38 | 7.8554 | 6.5821 | 7.1673 |
Avg Credit Rating | Average | - | - | - |
Style Box
Investment / Portfolio Grades
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
Government Backed | 48.83 | 80.27 |
Low Risk | 47.55 | 16.40 |
Moderate Risk | - | - |
High Risk | - | - |
Very High Risk | - | - |
Others | 3.63 | 3.33 |
Type of Holdings
Security Type | Weight(%) | Category Avg(%) |
---|---|---|
GOI | - | 35.61 |
CD | - | - |
T-Bills | - | 0.00 |
CP | - | - |
NCD & Bonds | 47.55 | 9.93 |
PTC | - | - |
Cash & Others | 52.46 | 54.45 |
Debt Holding In Portfolio
Instrument | Type | Sector | Rating | Value(Mn) | Total Holding(%) | Quantity |
---|---|---|---|---|---|---|
7.4% National Bank For Agriculture & Rural Development 30/01/2026 | Long-term Debt | Financial | AAA | 99.58 | 11.18 | 10,00,000 |
8.51% West Bengal State 10/02/2026 | Long-term Debt | Others | SOV | 71.41 | 8.02 | 7,00,000 |
8.6% Bihar State 09/03/2026 | Long-term Debt | Others | SOV | 61.35 | 6.89 | 6,00,000 |
8.27% Madhya Pradesh State 23/12/2025 | Long-term Debt | Others | SOV | 60.96 | 6.85 | 6,00,000 |
7.58% Power Finance Corporation Ltd 15/01/2026 | Long-term Debt | Financial | AAA | 59.94 | 6.73 | 6,00,000 |
9.09% Indian Railway Finance Corporation Ltd 31/03/2026 | Long-term Debt | Financial | AAA | 51.29 | 5.76 | 5,00,000 |
8.28% Karnataka State 06/03/2026 | Long-term Debt | Others | SOV | 50.90 | 5.72 | 5,00,000 |
8.21% Maharashtra State 09/12/2025 | Long-term Debt | Others | SOV | 50.75 | 5.70 | 5,00,000 |
6.99% Gujarat State 31/03/2026 | Long-term Debt | Construction | SOV | 49.96 | 5.61 | 5,00,000 |
7.32% REC Ltd 28/02/2026 | Long-term Debt | Financial | AAA | 49.75 | 5.59 | 5,00,000 |
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Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - IDCW 11.44 Unrated 89.04 0.63 7.59 - - Bandhan Crisil IBX Gilt April 2032 Index Fund Direct-IDCW 10.93 Unrated 396.61 0.93 9.00 - - Edelweiss NIFTY PSU Bond Plus SDL Apr 2027 50:50 Index Direct - IDCW 11.65 Unrated 3,277.43 0.64 7.90 - - Aditya Birla Sun Life CRISIL IBX Gilt June 2027 Index Fund Direct - IDCW 10.23 Unrated 19.63 0.72 - - - Aditya Birla Sun Life Nifty SDL Sep 2025 Index Fund Direct-IDCW 11.49 Unrated 75.81 0.61 7.52 - -
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Mirae Asset Mutual Fund News
Fund Manager
- A.M.Amit ModaniSince Jan 20236 schemes
Mr. Modani is Chartered Accountant Prior to joining Mirae Asset Mutual Fund, he has worked with BOI AXA Mutual Fund, Quantum Asset Management Company Private Limited and Pramerica Asset Managers Pvt. Ltd.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Mirae Asset Corporate Bond Fund Direct-IDCW Corporate Bond 12.11 49.41 7.71 Mirae Asset Money Market Fund Direct - IDCW Money Market 1,195.28 180.00 7.73 Mirae Asset Dynamic Bond Fund Direct-IDCW Dynamic Bond 16.48 141.97 7.77 Mirae Asset Multi Asset Allocation Fund Direct - IDCW Multi Asset Allocation 11.43 Unrated 1,586.40 - Mirae Asset Nifty SDL Jun 2027 Index Fund Direct - IDCW Target Maturity 11.53 Unrated 802.60 8.32 Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct - IDCW Target Maturity 11.80 Unrated 239.66 8.90
More Mirae Asset Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Mirae Asset Large Cap Fund Direct- Growth | 37,631.07 | 5.71 | 9.84 | 11.50 | 26.08 | 15.16 | |
Mirae Asset Large & Midcap Fund Direct-Growth | 35,272.60 | 5.52 | 14.15 | 16.95 | 41.47 | 19.71 | |
Mirae Asset ELSS Tax Saver Fund Direct-Growth | 22,620.57 | 5.50 | 13.17 | 16.07 | 37.38 | 19.01 | |
Mirae Asset Midcap Fund Direct - Growth | 15,353.87 | 6.08 | 19.03 | 20.87 | 51.46 | 25.67 | |
Mirae Asset Liquid Fund Direct- Growth | 11,570.11 | 0.61 | 1.88 | 3.77 | 7.38 | 5.80 | |
Mirae Asset Aggressive Hybrid Fund Direct-Growth | 8,563.76 | 5.34 | 9.90 | 12.94 | 27.28 | 15.50 | |
Mirae Asset Focused Fund Direct - Growth | 7,920.31 | 5.13 | 8.25 | 8.42 | 19.79 | 12.36 | |
Mirae Asset Great Consumer Fund Direct-Growth | 3,409.20 | 6.12 | 16.82 | 16.97 | 36.26 | 24.29 | |
Mirae Asset Multicap Fund Direct - Growth | 2,778.68 | 5.40 | 15.27 | 16.92 | - | - | |
Mirae Asset Healthcare Fund Direct - Growth | 2,201.96 | 5.20 | 8.38 | 20.17 | 47.94 | 16.69 |
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1. Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan is Open-ended Target Maturity Debt scheme which belongs to Mirae Asset Mutual Fund House.
2. The fund was launched on Oct 20, 2022.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to track Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index by investing in AAA rated Public Sector Undertaking (PSU) Bonds and State Development Loans (SDL), maturing on or before April 30, 2026, subject to tracking errors. "
2. It is benchmarked against Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index.
Asset Allocation & Portfolio Composition
1. The portfolio allocation of debt securities primarily have 2 kinds of risks: interest rate risk & credit risk. While the interest rate movements are driven by the fund's duration, credit quality of debt securities are based on the weighted average credit ratings of a fund. Generally, funds with high credit quality will have the weighted average credit rating of AA- and higher rated securities, funds with medium credit quality will hold securities having credit rating lying between A- to BBB- and funds with low credit quality will hold securities having average credit rating of less than BBB-. Credit rating is a qualitative tool that basically assesses the creditworthiness and financial soundness of a company and takes into consideration several factors including the default rate and solvency of the concerned business entity.
2. The portfolio of the fund has securities with varying levels of maturities. Duration takes into consideration the sensitivity of the average maturity of these securities with respect to the interest rate changes. The Average Maturity of Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan is 1.52 years and Duration is 1.36 years. Generally, securities with high maturity are more sensitive to interest rate changes. So, an investor with a low risk appetite may look to invest in a fund with low maturity and duration vis-a-vis category levels.
3. All these parameters - average maturity, duration, interest rate changes, credit quality, credit rating, liquidity etc. need to be looked at in conjunction with each other to determine the quality of portfolio of a fund.
Tax Implications on Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - IDCW
Capital Gains Tax Implications:
If the investment is made after Apr 1, 2023:
1. The entire amount of gain will be added to the investor's income (irrespective of the period of investment) and will be taxed as per his/her applicable slab rate.
If the investment is made before Apr 1, 2023:
1. If units are redeemed within 3 years of investment, the whole gain will be added to the investor's income and taxed as per his/her applicable slab rate.
2. For units redeemed after 3 years of investment, gains will be taxed at a rate of 20% post-indexation benefits. Indexation is a process of recalculating the purchase price after accounting for inflation into it. The benefit of indexation lies in lowering one's capital gains which brings down the taxable income and thereby reduces taxes on it.
Dividend Tax Implications:
1. For Dividend Distribution Tax, the dividend income from this fund will get added to an investor’s income and taxed according to his/her respective tax slabs.
2. Also, for dividend income more than Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
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FAQs about Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct - IDCW
- Is it safe to invest in Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan comes under Low to Moderate risk category.
- What is the category of Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan?Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan belongs to the Debt : Target Maturity category of funds.
- How Long should I Invest in Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan?The suggested investment horizon of investing into Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan is null. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan?The Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund - Direct Plan is managed by Amit Modani (Since Jan 16, 2023).
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