Mutual Fund News : Mirae Asset Mutual Fund Introduces Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund

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Mirae Asset Mutual Fund has Introduced a new scheme – Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund.

It is an open-ended target maturity Index Fund investing in the constituents of Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index. A scheme with relatively high interest rate risk and relatively low credit risk.

Accordingly, the investment objective of the scheme is 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.

However, there is no assurance that the investment objective of the Scheme will be realized and the Scheme does not assure or guarantee any returns.

Under normal circumstances, Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund will hold an allocation of 95% to 100% of its assets in Bonds issued by AAA rated Public Sector Undertaking (PSU) and State Development Loans (SDLs) representing Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index and 0% to 5% in Money Market instruments (Treasury Bills, Government Securities and Tri-party Repo on government securities or T-bills Only).

As per the Scheme Information Document, Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund is a passively managed index fund which will employ an investment approach designed to track the performance of Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index. The Scheme will follow Buy and Hold investment strategy in which existing constituents will be held till maturity unless sold for meeting redemptions requirement.

During normal circumstances, the Scheme’s exposure to money market instruments will be in line with the asset allocation table. However, in case of maturity of G-Secs in the Scheme portfolio, the reinvestment will be in line with the index methodology.

Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund’s performance will be benchmarked against Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index.

The scheme will be managed by Mr Mahendra Kumar Jajoo.

The NFO opens for subscription on October 10, 2022 and closes on October 18, 2022. The schemes will reopen for continuous sale and repurchase on October 21, 2022.

The fund’s NAV is priced at Rs 10/- per unit during the NFO period. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.

The scheme offers Regular Plan and Direct Plan each plan offers Growth and Income Distribution cum capital withdrawal option (IDCW) option.