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Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹0 & Lump. ₹5000

AUM (Fund size)

₹34 Cr

Lock In Period

N/A

Expense Ratio

0.27

Benchmark

CRISIL Composite Bond Fund Index

Exit Load

Nil

Summary

Latest details for Mirae Asset Fixed Maturity Plan - Series III Growth include a ₹12.4756 NAV as of Apr 12,2022 and returns since inception of 23.87%. Minimum investments start at SIP ₹0. The Mirae Asset Fixed Maturity Plan - Series III Growth AUM is ₹34 Cr, with a lock-in of N/A years, expense ratio of 0.27%, and benchmark CRISIL Composite Bond Fund Index. Exit load is - Nil. In the growth review for 1M Month/Year, the fund recorded 0.29% returns, against a category average of -1.53% and a category best of 4.54%.

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M0.29-1.534.54
6M1.780.2112.55
1Y3.972.5616.20
3Y7.409.0236.71

Portfolio Analysis

  • Equity:
  • Debt: 100.00%
  • Others
As on: 2022-03-31
View allocation % by

1. Triparty Repo73.61%
2. Bajaj Finance Limited (05/04/2022) (ZCB)9.82%
3. 8.4% Housing & Urban Development Corporation Limited (11/04/2022)8.21%
4. 9.75% Larsen & Toubro Limited (11/04/2022)7.62%
5. Net Receivables / (Payables)0.74%

About Fund

Mirae Asset Fixed Maturity Plan - Series III Growth managed by Mirae Asset Mutual Fund,is a Debt - FMPscheme with Assets Under Management of ₹34 Crore. The fund benchmarks its performance against the CRISIL Composite Bond Fund Index while maintaining an expense ratio of 0.27. Under the expert guidance of Mahendra Kumar Jajoo ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Mahendra Kumar Jajoo

Mr. Mahendra Kumar Jajoo is CA (Silver Medalist), CS and CFA by qualification and has over 25 years of experience in the field of financial services. Mr. Jajoo’s previous stint has been with leading Asset Management Companies like Pramerica, Tata and ABN AMRO, where he has been spearheading the fixed income business. Mr. Jajoo has also worked with leading financial institutions like ABN AMRO and ICICI Group.

Peer Comparison

Fund NameRatingsAUMExpense Ratio
This FundHDFC FMP 1175D January 2019 - 1 Growth056.61 CR0.12
This FundSBI Debt Fund Series - C - 33 Growth0424.92 CR0.45
This FundMirae Asset Fixed Maturity Plan - Series III Growth034.15 CR0.27
Fund Name1Y3Y
This FundHDFC FMP 1175D January 2019 - 1 Growth4.184723.8697
This FundSBI Debt Fund Series - C - 33 Growth4.036123.8711
This FundMirae Asset Fixed Maturity Plan - Series III Growth3.967723.874

FAQs

Mirae Asset Fixed Maturity Plan - Series III Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of Mirae Asset Fixed Maturity Plan - Series III Growth is 0.27. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

Mirae Asset Fixed Maturity Plan - Series III Growth’s fund performance is as follows:
  • 1 Month : 0.29%
  • 6 Months : 1.78%
  • 1 Year : 3.97%
  • 3 Years : 7.40%
Returns of Mirae Asset Fixed Maturity Plan - Series III Growth are updated daily based on NAV of ₹ 12.4756 as on Apr 12,2022. Since inception, the return has been 23.87%.

You can invest in Mirae Asset Fixed Maturity Plan - Series III Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of Mirae Asset Fixed Maturity Plan - Series III Growth is ₹34 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in Mirae Asset Fixed Maturity Plan - Series III Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500