NFO Alert: Mirae Asset Mutual Fund launches funds focused on dynamic allocation and financial sector fixed income strategy
Mirae Asset Mutual Fund
has announced the launch of new fund offers (NFOs) for two distinct funds, catering to evolving investor preferences in a dynamic rate and liquidity environment. The two new funds offer differentiated approaches— a dynamic strategy blending arbitrage and debt allocations and a passively managed constant maturity strategy focused on the AAA-rated financial services segment.
The new funds are
Mirae Asset Income Plus Arbitrage Active FOF
and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund.
Mirae Asset Income Plus Arbitrage Active FOF is an open-ended fund of funds scheme investing in units of actively managed debt oriented and arbitrage mutual fund schemes, and Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund is an open-ended index fund tracking CRISIL-IBX Financial Services 9-12 Months Debt Index.
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The new fund offer or NFO for Mirae Asset Income Plus Arbitrage Active FOF will open for subscription on June 16 and will close on June 30. The new fund offer for Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund will open on June 17 and will close on June 23. Mirae Asset Income Plus Arbitrage Active FOF will re-open on July 7 while Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund Scheme re-open on June 26.
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'We are optimistic about the potential of the Mirae Asset Income plus Arbitrage Active FOF to adapt to diverse market environments. While on one hand, active allocation across debt fund categories will help deal with a volatile fixed income space, ability to opt for Arbitrage funds when it offers a better opportunity will be an additional feature' said Mahendra Kumar Jajoo, CIO – Fixed Income, Mirae Asset Investment Managers (India).
'The Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund offers a low duration, low credit risk strategy through a passively managed index approach. It tracks a basket of AAA-rated financial sector issuers including banks, NBFCs, and HFCs with 9–12-month maturities. With a roll down strategy and attractive term spreads in the sector, it offers a good option for accrual strategy orientation with a bit of capital gains possibility' said Amit Modani, Dealer -Fixed Income & Fund Manager, Mirae Asset Investment Managers (India).
For both schemes, the minimum initial investment during the new fund offer will be Rs 5,000 with subsequent investments in multiples of Re 1 thereafter. SIP will be available starting from Rs 99.
Mirae Asset Income Plus Arbitrage Active FOF
The scheme seeks to deliver stable and tax-efficient returns through a dynamic allocation between arbitrage and debt mutual fund schemes based on macroeconomic outlooks.
The allocation can range between 35% to 65% each in actively managed arbitrage and debt mutual fund schemes, based on a disciplined 3-step process analyzing interest rate trends, arbitrage spreads, and debt market signals. The portfolio will be assessed monthly, especially around futures expiry, to ensure optimal allocation based on prevailing market conditions
The scheme aims to act as an all-seasons vehicle for investors seeking stability, moderate risk, liquidity, and tax efficiency.
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Mirae Asset CRISIL IBX Financial Services 9-12 Months Debt Index Fund
The fund is designed to track the CRISIL-IBX Financial Services 9-12 Months Debt Index, offering investors exposure to high-quality Commercial Papers (CPs), Certificates of Deposits (CDs), and bonds issued by AAA-rated financial services companies such as Public Sector Banks (PSU) and private banks, Non-Banking Financial Companies (NBFCs), and Housing Finance Companies (HFCs).
The index follows a constant maturity roll-down strategy, maintaining instruments with 9-12 months maturity, and benefits from the term premium and declining yields as securities approach maturity.
The portfolio is diversified across issuers with no single issuer exceeding 15% and rebalanced semiannually. With a Modified Duration of 0.65 years and Yield to Maturity (YTM) of 6.44% (as of June 10, 2025), the fund offers a compelling low-risk investment for investors seeking income with low interest rate sensitivity.
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