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Mirae Asset Corporate Bond Fund Direct IDCW
★★★★★ monitor_heart Health Score: 53/100 · AverageMirae Asset Mutual Fund · Debt · Corporate Bond Fund
₹13.76
AUM: ₹44 Cr
NAV updated about 1 month ago
Plan
Direct
Option
Idcw
Risk
Moderate
Expense Ratio
0.24%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Mar 2021
Benchmark
CRISIL Corporate Debt A-II Index
Sharpe Ratio
-1.6
Std Dev (1Y)
1.29%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+1.29%
3m
+1.34%
6m
+2.36%
1y
+4.9%
3y
+7.08%
5y
+6.04%
10y
—
since inception
+6.04%
rate_review TopFund's Take on Mirae Asset Corporate Bond Fund Direct IDCW
Mirae Asset Corporate Bond Fund Direct IDCW sits in the middle of the pack for Corporate Bond Fund 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 0.24%, the expense ratio is meaningfully cheaper — about 27% below the Corporate Bond Fund category average of 0.33% (based on 171 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 -1.6 — 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 1.29% is on the lower side, 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.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Corporate Bond Fund Direct IDCW
The current NAV (Net Asset Value) of Mirae Asset Corporate Bond Fund Direct IDCW is ₹13.76. NAV is updated every business day after market close by AMFI.
1Y: 4.9% · 3Y CAGR: 7.08% · 5Y CAGR: 6.04%
The expense ratio is 0.24% per annum — the annual fee deducted from your investment to cover fund management costs.
Mirae Asset Corporate Bond Fund Direct IDCW is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Corporate Bond Fund Direct IDCW is a Moderate risk fund. Suitable for investors with a moderate risk appetite.
Mirae Asset Corporate Bond Fund Direct IDCW is a Corporate Bond Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mirae Asset Corporate Bond Fund Direct IDCW is ₹45 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.