NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹12.09
-0.05%
NAV as on 17 Nov 24, 12:00 AM
moderate risk
corporate bond
debt
NAV as on 17 Nov 24, 12:00 AM
moderate risk
corporate bond
debt
7.87%p.a.
Last 1Y
5.41%p.a.
Last 3Y
0.00%p.a.
Last 5Y
5.32%p.a.
Since Inception
About Mirae Asset Corporate Bond Fund Growth for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Corporate Bond Fund Growth scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Corporate Bond mutual fund scheme that predominantly invests in Corporate Bond stocks of companies. Launched on Mar 2021, Mirae Asset Corporate Bond Fund Growth is Corporate Bond fund of its category with 42.8 Cr fund under management as on Nov 2024. The expense ratio of this fund is less than that of most other Fund category Corporate Bond funds.
- Mirae Asset Corporate Bond Fund Growth delivered 7.9% annual returns during the last year. It has delivered 5.3% average annual returns since the fund was launched.
- Mirae Asset Corporate Bond Fund Growth scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund 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.
Top 10 Holdings
7.1% Govt Stock 2034
15.46%
National Bank for Agriculture and Rural Development 7.68%
9.43%
National Housing Bank
7.06%
Power Finance Corporation Ltd.
6.97%
HDFC Bank Limited
6.73%
Bajaj Housing Finance Ltd. 8.04%
5.88%
Ntpc Limited
5.74%
Mahanagar Telephone Nigam Limited
5.47%
7.18% Govt Stock 2037
4.79%
Rural Electrification Corporation Limited
4.75%
Fund Managers
- Amit Modani (Feb 2024 - Present)
Key Information
View Scheme Document
Mirae Asset Corporate Bond Fund Growth SIP Calculator
If invested
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For a period of
Investment of ₹0 could have been
₹0(+0.0%)
₹0 (+0.0%)
This Fund
₹0 (+0.0%)
Fixed Deposit
NRI Mutual Fund Tax on Mirae Asset Corporate Bond Fund Growth
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset Corporate Bond Fund Growth?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Corporate Bond Fund Growth
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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