Mirae Asset Nifty 200 Alpha 30 ETF · NSE:ALPHAETF
Mirae Asset Nifty 200 Alpha 30 ETF — Mirae Asset Mutual Fund — Investor Presentation (February 2024)
24 slides from Mirae Asset Nifty 200 Alpha 30 ETF's investor presentation, February 2024
Slide 1: Mirae Asset Corporate Bond Fund
Good coffee is brewed from high quality beans. QUALITY MATTERS Mirae Asset Corporate Bond Fund An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk. January 2024
Slide 2: Why Invest in Corporate Bond Fund?
Why Invest in Corporate Bond Fund? High Credit Quality Invests minimum of 80% in AAA and higher rated papers High Liquidity AAA and AA+ instruments are liquid segments Better Risk Potential to provide better Risk Adjusted returns compared to other Adjusted Returns debt categories Source: Internal. F
Slide 3: Investment Framework
Investment Framework INSTRUMENT PROFILE DURATION MANAGEMENT Investment shall primarily be made Investment across the yield curve but in the AAA /AA+ corporate bonds target Modified Duration will be along with some exposure to G-Sec within range of 2-5 years* and T-bills RISK MANAGEMENT ACTIVE MANAGE
Slide 4: Portfolio construction
Portfolio construction Fund endeavours to have diversified portfolio of top rated AAA or SOV Corporate bonds Money market instrument Investment in Government Securities, State Development Loans and T-Bills AAA G-sec Fund does not prefer investing in SOV T-bills lower rated papers (AA and below) and
Slide 5: Income Generation Strategies
Income Generation Strategies Accrual Income Capital Yield spread Earning interest Appreciation compression income primarily By taking Duration By taking advantage from coupon call and tactical of spreads in short to allocation in G-sec medium years segment. Fund will use mix of all three income gene
Slide 6: Flexible Interest Rate Strategy
Flexible Interest Rate Strategy Macroeconomic Scenario Factors Duration Strategy Positioning Global Domestic Positive + Positive = Aggressive Neutral /Positive + Neutral /Positive = Moderate Current Strategy Neutral/ Negative + Neutral/ Negative = Cautious Neutral/Positive + Neutral/ Negative = Caut
Slide 7: Mirae Asset Corporate Bond Fund
Mirae Asset Corporate Bond Fund (An open ended debt scheme predominantly investing in AA+ and above rated corporate bonds. A relatively high interest rate risk and moderate credit risk.) Investments in Fund Fund Managers Primarily invest predominantly in AA+ and above rated corporate bonds. Investme
Slide 8: Mirae Asset Fixed Income Product Positioning
Mirae Asset Fixed Income Product Positioning Mirae Asset Banking & PSU Fund (erstwhile, Mirae Asset Banking & PSU Debt Fund) Mirae Asset Short Mirae Asset Duration Fund Corporate Bond (erstwhile, Mirae Asset Fund Short Term Fund) Mirae Asset Mirae Asset Money Market Dynamic Bond Fund Fund Mirae Asse
Slide 9: How is the Fund managed?
How is the Fund managed? Modified Duration (Years) (LHS) Repo Rate (RHS) Rating Allocation (%) 3.50 6.55% AAA Cash & Equivalent Unrated SOV 6.50% 3.00 100 6.45% 90 2.50 6.40% 80 70 2.00 6.35% 60 1.50 6.30% 50 6.25% 40 1.00 30 6.20% 20 0.50 10 6.15% 0 0.00 6.10% Jul-23 Oct-23 Nov-23 Jan-24 Dec-23 Jun
Slide 10: Why Corporate Bond Funds Now?
Why Corporate Bond Funds Now?
Slide 11: Silver Linings Emerging Amongst Dark Clouds
Silver Linings Emerging Amongst Dark Clouds While Central Banks continue to exhibit hawkish caution, dovish global landscape and expectations of rate cuts given declined growth concerns and normalizing inflation is expected to support yields in 2024; Index inclusion is also expected to add to overal
Slide 12: Strategy of the Fund
Strategy of the Fund The fund portfolio primarily comprises of high quality liquid credits with portfolio safety as a key consideration. The fund will continue to align duration to take advantage of the prevailing interest rate outlook. While, domestic term spreads remain narrow, corporate bond spre
Slide 13: Corporate Bond Spread – 3 Years and 5 Years
Corporate Bond Spread – 3 & 5 Years 3 Yrs AAA Corporate Bond and G-Sec 5 Yrs AAA Corporate Bond and G-Sec Yield Spread 3Y Average Long Term Average Short Term Average Yield Spread 3Y Average Long Term Average Short Term Average 1.50 1.75 1.30 1.10 1.25 0.90 0.70 0.71 0.67 0.75 0.74 0.50 0.48 0.71 0.
Slide 14: Corporate Bond Spread – 10 Year
Corporate Bond Spread – 10 Year 10 Yrs AAA Corporate Bond - G-Sec Yield spread 3Y Average Long term average Short term average 1.50 1.30 1.10 0.90 0.80 0.70 0.52 0.50 0.54 0.47 0.30 0.10 Feb 2018 Jun 2021 Jun 2023 Sep 2023 Dec 2018 Mar 2019 Jul 2019 Mar 2021 Jan 2022 Mar 2023 Jan 2024 May 2018 May 2
Slide 15: Performance
MIRAE ASSET Mutual Fund
Slide 16: Mirae Asset Corporate Bond Fund – Lumpsum Report Card
Mirae Asset Corporate Bond Fund – Lumpsum Report Card Returns in % Period MACBF Scheme Benchmark* Additional Benchmark** Last 1 year 6.55 7.28 8.25 Since Inception 4.59 6.41 4.01 Value of Rs. 10,000 invested 11,377 11,957 11,197 (in Rs.) Since Inception* st NAV (as on 31 January, 2024) 11.3768 Index
Slide 17: Performance of other funds managed by same Fund Managers
Performance of other funds managed by same Fund Managers NAV in Rs. / Returns (%) Value of Rs. Inception Scheme Index Fund Manager 10,000 since Date Since Value ( In Rs ) 1 Year 3 Year 5 Year Inception Inception Mirae Asset Dynamic Bond 24th Mar, 14.573 6.05 3.46 6.09 5.64 14,573 Fund (MADBF) 2017 C
Slide 18: Performance of other funds managed by same Fund Managers
Performance of other funds managed by same Fund Managers NAV in Rs. / Returns in % Value of Rs. Inception Scheme Index Fund Manager Since 10,000 since Date 1 Year 3 Years 5 Years Value Inception Inception Mirae Asset CRISIL IBX Gilt Index - April 2033 20th Oct, 11.1091 8.01 - - 8.55 11,109 Index Fun
Slide 19: Mirae Asset CRISIL IBX Gilt Index - April 2033 and other funds
Mirae Asset Nifty 1D Rate Liquid ETF Mirae Asset CRISIL IBX Gilt Index - April 2033 (An open-ended listed liquid scheme in the form of an Exchange Traded Fund tracking (An open-ended target maturity Index Fund investing in the constituents of CRISIL IBX Nifty 1D Rate Index, with daily Income Distrib
Slide 20: Mirae Asset Money Market Fund and Dynamic Bond Fund
Mirae Asset Money Market Fund Mirae Asset Dynamic Bond Fund (An Open ended debt scheme investing in money market instruments. A relatively low interest (An Open ended dynamic debt scheme investing across duration. rate risk and moderate credit risk) A relatively high interest rate risk and relativel
Slide 21: PRC Matrix
PRC Matrix Mirae Asset Money Market Fund Mirae Asset Corporate Bond Fund Mirae Asset Dynamic Bond Fund Mirae Asset Nifty SDL Jun 2027 Mirae Asset Nifty AAA PSU Mirae Asset Nifty 8-13 yr G-Sec Index Fund BondPlus SDL Apr 2026 50:50 ETF Index Fund Mirae Asset Nifty 1D Rate Liquid Mirae Asset CRISIL IB
Slide 22: Disclaimer
Disclaimer Notes for slide 17 & 18: 1. Fund manager MADBF: Mr. Amit Modani managing the scheme since January 16, 2023. 2. Fund manager MANJF: Mr. Amit Modani managing the scheme since January 16, 2023. 3. Fund manager MANPF: Mr. Amit Modani managing the scheme since January 16, 2023. 4. Fund manager
Slide 23: Disclaimers
Disclaimers Statutory Details: Trustee: Mirae Asset Trustee Company Private Limited; Investment Manager: Mirae Asset Investment Managers (India) Private Limited (AMC); Sponsor: Mirae Asset Global Investments Company Limited. NSE Indices Ltd Disclaimer: NSE INDICES LIMITED do not guarantee the accura
Slide 24: Mirae Asset Mutual Fund
J MIRAE ASSeT Mutual Fund
Mirae Asset Mutual Fund — Investor Presentation (February 2024) on 6ix