Mirae Asset Corporate Bond Fund Overview
Category Corporate Bond Fund
BMSMONEY Rank 16
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹12.1(R) +0.05% ₹12.3(D) +0.05%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.81% 5.44% -% -% -%
LumpSum (D) 8.29% 5.91% -% -% -%
SIP (R) -23.5% 3.03% -% -% -%
SIP (D) -23.15% 3.51% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.11 -0.34 0.5 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
1.19% -0.62% -0.83% - 0.91%
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: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Corporate Bond Fund Regular Growth 12.1
0.0100
0.0500%
Mirae Asset Corporate Bond Fund Regular IDCW 12.1
0.0100
0.0500%
Mirae Asset Corporate Bond Fund Direct IDCW 12.3
0.0100
0.0500%
Mirae Asset Corporate Bond Fund Direct Growth Plan 12.3
0.0100
0.0500%

Review Date: 19-11-2024

Mirae Asset Corporate Bond Fund has exhibited poor performance in the Corporate Bond Fund category. The fund has rank of 16 out of 17 funds in the category. The fund has delivered return of 7.81% in 1 year and 5.44% in 3 years. The category average for the same periods is 8.05% and 5.81% respectively, which shows average 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 0.91 and Max Drawdown of -0.83. The category average for the same parameters is 1.14, -0.33, -0.63, 0.89 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 -1.11 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 % 0.51
    0.49
    		0.40 | 0.64 4 | 20 Very Good
    3M Return % 1.75
    1.99
    		1.75 | 2.17 20 | 20 Poor
    6M Return % 3.85
    4.13
    		3.85 | 4.39 20 | 20 Poor
    1Y Return % 7.81
    8.05
    		7.56 | 8.61 14 | 20 Average
    3Y Return % 5.44
    5.81
    		5.27 | 6.50 14 | 17 Average
    1Y SIP Return % -23.50
    -23.20
    		-23.63 | -22.75 18 | 20 Poor
    3Y SIP Return % 3.03
    3.41
    		2.83 | 4.01 15 | 17 Average
    Standard Deviation 1.19
    1.14
    		0.89 | 1.91 12 | 17 Average
    Semi Deviation 0.91
    0.89
    		0.69 | 1.56 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 -1.11
    -0.84
    		-1.38 | -0.27 14 | 17 Average
    Sterling Ratio 0.50
    0.54
    		0.42 | 0.64 13 | 17 Average
    Sortino Ratio -0.34
    -0.26
    		-0.40 | -0.10 14 | 17 Average
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.55 0.52 0.45 | 0.68 4 | 20
    3M Return % 1.86 2.09 1.86 | 2.27 20 | 20
    6M Return % 4.08 4.33 4.08 | 4.56 20 | 20
    1Y Return % 8.29 8.47 7.92 | 8.91 14 | 20
    3Y Return % 5.91 6.23 5.53 | 6.88 14 | 17
    1Y SIP Return % -23.15 -22.89 -23.21 | -22.55 18 | 20
    3Y SIP Return % 3.51 3.83 3.37 | 4.34 15 | 17
    Standard Deviation 1.19 1.14 0.89 | 1.91 12 | 17
    Semi Deviation 0.91 0.89 0.69 | 1.56 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 -1.11 -0.84 -1.38 | -0.27 14 | 17
    Sterling Ratio 0.50 0.54 0.42 | 0.64 13 | 17
    Sortino Ratio -0.34 -0.26 -0.40 | -0.10 14 | 17
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.05 ₹ 10,005.00 0.05 ₹ 10,005.00
    1W 0.06 ₹ 10,006.00 0.07 ₹ 10,007.00
    1M 0.51 ₹ 10,051.00 0.55 ₹ 10,055.00
    3M 1.75 ₹ 10,175.00 1.86 ₹ 10,186.00
    6M 3.85 ₹ 10,385.00 4.08 ₹ 10,408.00
    1Y 7.81 ₹ 10,781.00 8.29 ₹ 10,829.00
    3Y 5.44 ₹ 11,722.00 5.91 ₹ 11,879.00
    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 -23.50 ₹ 10,405.39 -23.15 ₹ 10,430.32
    3Y ₹ 36000 3.03 ₹ 37,707.77 3.51 ₹ 37,984.72
    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
    19-11-2024 12.1015 12.3013
    18-11-2024 12.0958 12.2954
    14-11-2024 12.0862 12.285
    13-11-2024 12.092 12.2908
    12-11-2024 12.0939 12.2925
    11-11-2024 12.0938 12.2924
    08-11-2024 12.0878 12.2858
    07-11-2024 12.0793 12.277
    06-11-2024 12.0776 12.2751
    05-11-2024 12.0755 12.2728
    04-11-2024 12.0751 12.2722
    31-10-2024 12.0671 12.2635
    30-10-2024 12.0678 12.264
    29-10-2024 12.0599 12.2559
    28-10-2024 12.0568 12.2526
    25-10-2024 12.0592 12.2546
    24-10-2024 12.0586 12.2537
    23-10-2024 12.0539 12.2488
    22-10-2024 12.0373 12.2318
    21-10-2024 12.0398 12.2342

    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.