Mirae Asset MF plans to launch Mirae Asset Short Term Bond Fund and it is an open-ended debt scheme. The objective of the scheme is to seek to generate reasonable returns through an actively managed diversified portfolio of debt and money market instruments.
Asset Allocation: The fund will invest 40-100% in money market instruments and debt instruments with residual maturity and repricing tenor not exceeding 1 year. It may invest 0-60% in debt instruments with residual maturity and repricing tenor exceeding 1 year including securitized debt up to 50% of net assets. The scheme may invest in derivatives up to 100% of the net assets of the scheme. In addition, the scheme may also invest in foreign securities up to 25% of net assets of the scheme. The scheme may invest in derivatives up to 100% of the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes. The scheme may invest in foreign securities up to 25% of net assets of the scheme.
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