Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Corporate Bond Fund Direct Growth Plan
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 2/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 53/100 · Average
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)7.05%
- Expense ratio (20%)0.28%
- AUM (15%)₹44 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Debt · Corporate Bond
₹13.84
AUM: ₹44 Cr
NAV updated 4 days ago
Plan
Direct
Option
Growth
Risk
Moderate
Expense Ratio
0.28%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Mar 2021
Benchmark
CRISIL Corporate Debt A-II Index
Sharpe Ratio
-0.97
Std Dev (1Y)
1.36%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.16%
3m
+1.06%
6m
+3.0%
1y
+5.04%
3y
+7.05%
5y
+6.04%
10y
—
since inception
+6.05%
TopFund's Take on Mirae Asset Corporate Bond Fund Direct Growth Plan
Mirae Asset Corporate Bond Fund Direct Growth Plan sits in the middle of the pack for Corporate Bond funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 53/100.
Cost: At 0.28%, the expense ratio is meaningfully cheaper — about 15% below the Corporate Bond category average of 0.33% (based on 197 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.97 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 1.36% is on the lower side for a Corporate Bond fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Debt fund.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Corporate Bond Fund Direct Growth Plan
The current NAV (Net Asset Value) of Mirae Asset Corporate Bond Fund Direct Growth Plan is ₹13.84. NAV is updated every business day after market close by AMFI.
1Y: 5.04% · 3Y CAGR: 7.05% · 5Y CAGR: 6.04%
The expense ratio of Mirae Asset Corporate Bond Fund Direct Growth Plan is 0.28% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Corporate Bond Fund Direct Growth Plan is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Corporate Bond Fund Direct Growth Plan is classified as a Moderate risk fund. It is suitable for investors with a moderate risk appetite.
Mirae Asset Corporate Bond Fund Direct Growth Plan is a Corporate Bond fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Corporate Bond Fund Direct Growth Plan with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Corporate Bond Fund Direct Growth Plan is ₹44 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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