Mirae Asset Corp Bond Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 17, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Mirae Asset Corp Bond Fund Direct Growth Plan is a debt fund with a current NAV of ₹13.8523 as of 16 Sep 2026 and a scheme AUM of ₹44 Cr. Its 1-year, 3-year and 5-year returns are 5.26%, 7.10% and 6.03%, and it sits in the Medium Risk category. Our view is that the fund looks better suited to conservative investors who want relatively steady debt exposure, though the recent return pattern has been softer than the medium-term trend.
The portfolio is built around corporate debt, government securities and cash equivalents, with a meaningful cash buffer through TREPS. That mix may help limit volatility, but it also means the fund’s behaviour can differ from a simple equity-style benchmark and from peer funds that have pushed harder in stronger market phases.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹13.8523 as of 16 Sep 2026 |
| AUM | ₹44 Cr |
| Expense Ratio | 0.24% |
| Launch Date | 17 Mar 2021 |
| Min SIP | ₹99 |
| Risk Category | Medium Risk |
| Benchmark | Nifty 50 |
| Fund Category | Debt |
| Exit Load | No exit load |
| Fund Managers | Kruti Chheta |
The fund is managed by Kruti Chheta.
Source data date: as of 16 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.07% | -4.41% |
| 3M | 1.40% | -3.60% |
| 1Y | 5.26% | -7.76% |
| 3Y | 7.10% | 5.74% |
| 5Y | 6.03% | 5.67% |
The recent picture is fairly stable rather than dramatic. Over 1 month, the fund was marginally negative, but it still held up far better than the benchmark, which was more weakly placed over the same period. The 3-month return turns positive for the fund while the benchmark stays negative, so the short-term path has been noticeably more resilient.
The 1-year result is more important for context. The fund posted 5.26% while the benchmark was negative at -7.76%, so the gap is wide. That does not tell us the fund is risk-free, but it does show that the portfolio behaved very differently from the benchmark over the last year and protected capital much better.
Longer-term numbers are steadier and closer to a classic income-fund profile. The 3-year return of 7.10% is ahead of the benchmark’s 5.74%, and the 5-year return of 6.03% also edges the benchmark’s 5.67%. In our view, that combination suggests the fund has compounded reasonably well over time while avoiding the sort of drawdown seen in the benchmark’s shorter-window returns.
What stands out is that the latest short-term phase is weaker than the 1-year and 3-year record, but not in a way that breaks the longer pattern. The fund remains ahead of the benchmark across every period shown, which supports the view that the portfolio has been comparatively steady even when the benchmark has been unsettled.
Source data date: as of 16 Sep 2026
Should you BUY or HOLD Mirae Asset Corp Bond?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Mirae Asset Corp Bond? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Mirae Asset Corp Bond Fund Direct Growth Plan | 5.26% | 7.10% | 6.03% |
| Franklin India Corporate Bond Fund-A Direct Growth Plan | 6.26% | 8.03% | 6.73% |
| DSP Corp Bond Fund Direct Growth Plan | 6.14% | 7.37% | 6.03% |
| Baroda BNP Paribas Corp Bond Fund Direct Growth Plan | 6.05% | 7.74% | 6.23% |
| ICICI Pru Corp Bond Fund Direct Growth Plan | 5.85% | 7.38% | 6.73% |
| Bandhan Corp Bond Fund Direct Growth Plan | 5.82% | 7.29% | 6.08% |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On the available return data, the fund’s 1-year figure trails the stronger peer numbers in this set, where several funds are above 6%. The 3-year and 5-year numbers are more balanced: the fund is ahead of some peers on 3-year returns, but a few peers still show stronger medium-term compounding. On 5-year returns, it sits close to the middle of the group, with a couple of funds matching or exceeding it and others staying nearby.
The short-term versus longer-term comparison does not tell the same story. The recent 1-year return is softer than the stronger peer results, yet the 3-year and 5-year figures are still respectable and broadly consistent with a steadier income-oriented profile. That makes the fund look more like a stable compounding option than a standout short-term performer.
Source data date: as of 16 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| TREPS | Cash & Cash Equivalents and Net Assets | 16.86% |
| 7.45% Export-Import Bank of India (MD 12/04/2028)** | Corporate Debt | 6.77% |
| 6.44% HDFC Bank Ltd. (MD 27/09/2028)** | Corporate Debt | 6.60% |
| 8.04% Bajaj Housing Finance Ltd. (MD 18/01/2027)** | Corporate Debt | 5.64% |
| 6.94% Government of India (MD 11/05/2036) | Government Securities | 4.50% |
| 7.51% Small Industries Development Bank of India (MD 12/06/2028)** | Corporate Debt | 4.49% |
| 7.35% REC Ltd. (MD 31/07/2034)** | Corporate Debt | 4.47% |
| 6.48% Government of India (MD 06/10/2035) | Government Securities | 4.38% |
| 7.57% Indian Railway Finance Corporation Ltd. (MD 18/04/2029)** | Corporate Debt | 3.39% |
| 7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028) | Corporate Debt | 3.37% |
The top 10 holdings account for approximately 60.47% of the portfolio.
To see all holdings, visit the Mirae Asset Corp Bond Fund Direct Growth Plan page
TRREPS is the largest disclosed position at 16.86%, so it is likely to have greater influence on day-to-day stability than any single security holding. After that, the weights step down into the 6% to 3% range fairly quickly, which suggests the portfolio is not relying on one or two very large bonds alone. That pattern may help keep individual security risk contained, although it also means a material cash-equivalent bucket remains part of the mix.
The gap from the largest position to the tenth holding is substantial, but not extreme in a debt portfolio context. The listed holdings still show meaningful exposure across corporate debt and government securities, and the two government bond positions add some diversification beyond pure corporate credit. In our view, the mix may support steadier behaviour if credit conditions stay calm.
With 27 disclosed holdings and 60.47% represented by the top 10, the portfolio looks moderately concentrated in its leading positions while still retaining a longer tail. That balance could be useful for investors who want debt exposure without a fully concentrated structure, though the weight in TREPS and the upper tier of holdings means the fund is not evenly spread across every security.
Source data date: as of 16 Sep 2026
Who should invest
This fund suits investors who are comfortable with medium risk in a debt allocation and can stay invested for at least a few years. The 1-year result is softer than the 3-year and 5-year records, so a short holding period may not show the full pattern. A longer horizon gives the steadier compounding trend more room to matter.
The main trade-off is between relative stability and upside. The benchmark has been much weaker over recent shorter windows, while the fund has held up better and produced positive longer-term returns. That makes it appealing for conservative investors who want debt exposure, but the portfolio still carries credit and rate sensitivity, so returns are not locked in.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: No exit load.
Source data date: as of 16 Sep 2026
Frequently asked questions
What is the current NAV of Mirae Asset Corp Bond Fund Direct Growth Plan?
Its current NAV is ₹13.8523 as of 16 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The returns are 5.26% for 1 year, 7.10% for 3 years and 6.03% for 5 years.
How has it performed versus the benchmark?
It has outpaced the benchmark across 1 month, 3 months, 1 year, 3 years and 5 years. The widest gap appears over the 1-year period, where the benchmark is negative while the fund remains positive.
How does it compare with peer funds on returns?
Its recent 1-year return is below several peer funds, while the 3-year and 5-year figures sit in a more balanced middle range. That points to steadier long-term compounding rather than the strongest short-term showing.
Is there a minimum SIP amount?
No minimum SIP amount is stated here, so we are not listing one.
Who manages the fund and what is the exit load?
Kruti Chheta manages the fund, and there is no exit load.
Bottom line
Mirae Asset Corp Bond Fund Direct Growth Plan shows a mixed but generally steady picture: the latest short-term return is softer than the 3-year and 5-year record, yet it remains ahead of the benchmark across all visible periods. Compared with peers, the fund is not the strongest recent performer, but its medium-term numbers are still respectable. The Medium Risk label, the cash-equivalent TREPS holding and the spread across corporate debt and government securities suggest a fairly balanced debt portfolio for investors seeking calmer participation rather than aggressive return chasing.
Published on 17 September 2026 at 9:41 AM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.