Mirae Asset Corporate Bond Fund Overview
Category Corporate Bond Fund
BMSMONEY Rank 13
BMSMONEY Rating
Gro. Opt. As On: 27-12-2024
NAV ₹12.2(R) +0.06% ₹12.41(D) +0.06%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.99% 5.66% -% -% -%
LumpSum (D) 8.48% 6.13% -% -% -%
SIP (R) 7.91% 6.82% -% -% -%
SIP (D) 8.4% 7.3% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.05 -0.33 0.51 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
1.19% -0.62% -0.83% - 0.92%
Top Corporate Bond Fund
Fund Name Rank Rating
Nippon India Corporate Bond Fund 1
Aditya Birla Sun Life Corporate Bond Fund 2
Icici Prudential Corporate Bond Fund 3
Hdfc Corporate Bond Fund 4

NAV Date: 27-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Corporate Bond Fund Regular Growth 12.2
0.0100
0.0600%
Mirae Asset Corporate Bond Fund Regular IDCW 12.2
0.0100
0.0600%
Mirae Asset Corporate Bond Fund Direct Growth Plan 12.41
0.0100
0.0600%
Mirae Asset Corporate Bond Fund Direct IDCW 12.41
0.0100
0.0600%

Review Date: 27-12-2024

Mirae Asset Corporate Bond Fund has shown poor performance in the Corporate Bond Fund category. The fund has rank of 13 out of 17 funds in the category. The fund has delivered return of 7.99% in 1 year and 5.66% in 3 years. The category average for the same periods is 7.97% and 5.94% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 1.19, VaR of -0.62, Average Drawdown of -0.5, Semi Deviation of 0.92 and Max Drawdown of -0.83. The category average for the same parameters is 1.14, -0.33, -0.63, 0.9 and -0.8 respectively. The fund has average risk in the category.
  • standard deviation of 1.19 and based on VaR one can expect to lose more than -0.62% of current value of fund in one year.
  • Sharpe ratio of the fund is -1.05 which shows average performance of fund in the corporate bond fund category.


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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.74
    0.55
    		0.48 | 0.74 1 | 20 Very Good
    3M Return % 1.67
    1.50
    		1.29 | 1.77 3 | 20 Very Good
    6M Return % 4.04
    4.04
    		3.65 | 4.23 9 | 20 Good
    1Y Return % 7.99
    7.97
    		7.43 | 8.54 10 | 20 Good
    3Y Return % 5.66
    5.94
    		5.37 | 6.65 14 | 18 Average
    1Y SIP Return % 7.91
    7.84
    		7.22 | 8.33 7 | 20 Good
    3Y SIP Return % 6.82
    7.03
    		6.44 | 7.61 12 | 18 Average
    Standard Deviation 1.19
    1.14
    		0.89 | 1.91 12 | 17 Average
    Semi Deviation 0.92
    0.90
    		0.69 | 1.57 11 | 17 Average
    Max Drawdown % -0.83
    -0.80
    		-2.49 | -0.09 12 | 17 Average
    VaR 1 Y % -0.62
    -0.33
    		-2.51 | 0.00 15 | 17 Average
    Average Drawdown % -0.50
    -0.63
    		-2.49 | -0.07 8 | 17 Good
    Sharpe Ratio -1.05
    -0.81
    		-1.38 | -0.24 14 | 17 Average
    Sterling Ratio 0.51
    0.54
    		0.42 | 0.64 13 | 17 Average
    Sortino Ratio -0.33
    -0.26
    		-0.40 | -0.08 13 | 17 Average
    Return data last Updated On : Dec. 27, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.77 0.58 0.53 | 0.77 1 | 20
    3M Return % 1.78 1.60 1.42 | 1.90 3 | 20
    6M Return % 4.27 4.25 3.99 | 4.43 10 | 20
    1Y Return % 8.48 8.39 7.92 | 8.81 8 | 20
    3Y Return % 6.13 6.37 5.64 | 6.98 14 | 18
    1Y SIP Return % 8.40 8.26 7.86 | 8.58 7 | 20
    3Y SIP Return % 7.30 7.45 7.02 | 7.90 13 | 18
    Standard Deviation 1.19 1.14 0.89 | 1.91 12 | 17
    Semi Deviation 0.92 0.90 0.69 | 1.57 11 | 17
    Max Drawdown % -0.83 -0.80 -2.49 | -0.09 12 | 17
    VaR 1 Y % -0.62 -0.33 -2.51 | 0.00 15 | 17
    Average Drawdown % -0.50 -0.63 -2.49 | -0.07 8 | 17
    Sharpe Ratio -1.05 -0.81 -1.38 | -0.24 14 | 17
    Sterling Ratio 0.51 0.54 0.42 | 0.64 13 | 17
    Sortino Ratio -0.33 -0.26 -0.40 | -0.08 13 | 17
    Return data last Updated On : Dec. 27, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.06 ₹ 10,006.00 0.06 ₹ 10,006.00
    1W 0.16 ₹ 10,016.00 0.17 ₹ 10,017.00
    1M 0.74 ₹ 10,074.00 0.77 ₹ 10,077.00
    3M 1.67 ₹ 10,167.00 1.78 ₹ 10,178.00
    6M 4.04 ₹ 10,404.00 4.27 ₹ 10,427.00
    1Y 7.99 ₹ 10,799.00 8.48 ₹ 10,848.00
    3Y 5.66 ₹ 11,796.00 6.13 ₹ 11,955.00
    5Y ₹ ₹
    7Y ₹ ₹
    10Y ₹ ₹
    15Y ₹ ₹

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

    Investment Period Invested Amount Regular Direct
    XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
    1Y ₹ 12000 7.91 ₹ 12,508.03 8.40 ₹ 12,538.76
    3Y ₹ 36000 6.82 ₹ 39,923.68 7.30 ₹ 40,207.72
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Mirae Asset Corporate Bond Fund NAV Regular Growth Mirae Asset Corporate Bond Fund NAV Direct Growth
    27-12-2024 12.2045 12.4118
    26-12-2024 12.1974 12.4045
    24-12-2024 12.1951 12.4019
    23-12-2024 12.1968 12.4034
    20-12-2024 12.185 12.3911
    19-12-2024 12.1907 12.3967
    18-12-2024 12.1975 12.4035
    17-12-2024 12.1893 12.395
    16-12-2024 12.186 12.3914
    13-12-2024 12.1809 12.3858
    12-12-2024 12.1808 12.3856
    11-12-2024 12.1846 12.3893
    10-12-2024 12.1858 12.3903
    09-12-2024 12.1806 12.3849
    06-12-2024 12.1716 12.3753
    05-12-2024 12.1849 12.3887
    04-12-2024 12.1765 12.38
    03-12-2024 12.1645 12.3675
    02-12-2024 12.1618 12.3647
    29-11-2024 12.137 12.339
    28-11-2024 12.1176 12.3191
    27-11-2024 12.1154 12.3167

    Fund Launch Date: 17/Mar/2021
    Fund Category: Corporate Bond Fund
    Investment Objective: The investment objective of the scheme is to provide income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds. The Scheme does not guarantee or assure any returns.
    Fund Description: An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds
    Fund Benchmark: NIFTY Corporate Bond Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.