Mirae Asset Nifty SDL Jun 2027 Index Fund(IDCW)
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Business Overview
The Mirae Asset Nifty SDL Jun 2027 Index Fund (IDCW) is designed for investors seeking exposure to State Development Loans (SDLs) while aiming for stable returns. This fund is ideal for conservative investors looking for a low-risk investment option with a focus on government securities. It matters as it provides a way to diversify your portfolio with a focus on safety and stability. With a transparent investment approach, it aligns with long-term financial goals.
- Focus on State Development Loans (SDLs)
- Ideal for conservative investors
- Offers stability and low risk
- Provides diversification in your portfolio
- Transparent investment strategy
- Aligns with long-term financial goals
Investment Thesis
Mirae Asset Nifty SDL Jun 2027 Index Fund (IDCW) offers a compelling investment opportunity backed by a strong promoter group known for credibility and performance. With the growing demand for digital services and an attractive valuation compared to peers, this fund is well-positioned for long-term growth, making it an appealing choice for retail investors.
- Strong backing from Mirae Asset, a reputable financial services group.
- Significant growth potential in digital services sector.
- Attractive valuation compared to similar funds in the market.
- Focus on SDLs provides stability and predictable returns.
- Ideal for long-term investors seeking exposure to government securities.
Opportunity vs Risk
- Diversified exposure to SDLs
- Potential for steady income
- Long-term capital appreciation
- Tax-efficient investment option
- Interest rate fluctuations
- Market volatility impact
- Credit risk of state bonds
- Liquidity concerns in SDLs
Peer Perspective
Mirae Asset Nifty SDL Jun 2027 Index Fund trades at a slight premium compared to peers like ICICI Prudential SDL Fund and HDFC SDL Fund. A rerating could occur with improved yield stability and rising interest rates.
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10BusinessHighThe sector is stable but lacks significant growth potential.
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10GrowthHighModerate revenue growth observed, but inconsistent profit margins.
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10ProfitabilityHighROE and ROCE are acceptable, but cash flow is volatile.
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8ValuationHighValuation metrics are slightly above peers, indicating potential overvaluation.
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6BalanceGoodDebt levels are manageable, but liquidity is a concern.
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7GovernanceHighPromoter holding is stable, but some concerns over transparency.
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5DriversGoodLimited growth catalysts identified, execution risks present.
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5TechnicalsGoodMarket sentiment is neutral with low liquidity.