Mirae Asset Banking and PSU Fund - Growth - Direct Plan

Other Plans and Options
  • (-0.01%)Nav, as on 25-02-2025

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  • Net Change on 25-02-2025

  • PersonalFN Rating

  • Assets (Cr.)

  • Expense Ratio

Fund Overview Growth | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

The investment objective of the scheme is to generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Crisil 10 Yr Gilt Index N/A N/A N/A N/A N/A N/A
CRISIL Banking and PSU Debt Index 0.61 1.63 N/A N/A N/A 7.20

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Bandhan Banking & PSU Debt Fund-Direct Plan- Growth Option Mar 07, 2013 7.81 6.44 6.53 0.33 13,421.64
Axis Banking & PSU Debt Fund - Direct Plan - Growth Option Jan 01, 2013 7.84 6.43 6.31 0.35 12,968.72
ICICI Prudential Banking and PSU Debt Fund - Direct Plan - Growth Mar 13, 2013 8.07 7.17 6.81 0.39 9,979.91
Aditya Birla Sun Life Banking & PSU Debt Fund- Direct Plan-Growth Jan 01, 2013 7.97 6.63 6.67 0.39 9,477.69
HDFC BANKING AND PSU DEBT FUND - Direct Plan - Growth Option Mar 26, 2014 7.95 6.60 6.62 0.39 5,864.56

Fund Holdings as on 31-January-2025

  • 6.79% Government of India (07/10/2034)

  • Net Receivables / (Payables)

  • 7.4% Export Import Bank of India (14/03/2029) **

  • 7.43% National Bank For Financing Infrastructure And Development (04/07/2034) **

  • 6.85% Mahanagar Telephone Nigam Limited (20/12/2030) **

  • 7.75% Indian Railway Finance Corporation Limited (15/04/2033) **

  • 7.8% HDFC Bank Limited (03/05/2033) **

  • 7.59% National Housing Bank (08/09/2027)

  • 7.9% Bajaj Finance Limited (13/04/2028) **

  • 7.55% Small Industries Dev Bank of India (22/09/2026)

  • Canara Bank (13/03/2025) #

  • 6.24% State Bank of India (20/09/2030) **

  • 6.44% HDFC Bank Limited (27/09/2028) **

  • TREPS

  • 7.62% National Bank For Agriculture and Rural Development (10/05/2029) **

  • 7.4% Power Finance Corporation Limited (15/01/2030)

  • 7.47% Small Industries Dev Bank of India (05/09/2029)

  • 7.13% Power Finance Corporation Limited (15/07/2026) **

  • 7.77% REC Limited (31/03/2028) **

  • 7.59% National Housing Bank (14/07/2027) **

  • 7.7% National Bank For Agriculture and Rural Development (30/09/2027)

  • 7.59% REC Limited (31/05/2027) **

  • 7.68% Indian Railway Finance Corporation Limited (24/11/2026) **

  • Class A2 units of Alternative Investment Fund Units #

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  • Miscellaneous

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Fund Manager

  • Education:MMS, B.Com
  • Experience:7
  • Basic Details:Ms. Kruti Chheta has over 7 years of experience in fixed income market & has been associated with Mirae Asset Investment Managers (India) Pvt Ltd. for over 4 years as a fixed income analyst. Her responsibilities as part of the investment team included leading the research for managing debt fund.Prior to joining the AMC, Ms. Chheta has been associated with AK Capital and Shriram Wealth Advisors. At AK Capital, Ms. Chheta was Fixed Income Analyst for the tenure of 1 year in a client advisory role, assisting large pension funds with research on fixed income investment opportunities. At Shriram Wealth Advisors, Ms. Chheta was a Research Analyst for tenure of 2Y advising Shriram Life Ins co.
  • Funds Managed:
  • Mirae Asset Banking and PSU Fund
  • Mirae Asset Corporate Bond Fund
  • Mirae Asset Long Duration Fund
  • Mirae Asset Banking and PSU Fund
  • Mirae Asset Corporate Bond Fund

  • BWR AA+(CE)

  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • ICRA AAA

  • SOVEREIGN

  • Unrated

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About Mirae Asset Banking and PSU Fund

Scheme Analysis

Mirae Asset Banking and PSU Fund is a Debt - Banking and PSU Fund fund and belongs to Mirae Asset Mutual Fund. It was launched on 24-Jul-2020 and currently has an AUM of ₹49.03 crore. Mirae Asset Banking and PSU Fund is benchmarked against Crisil 10 Yr Gilt Index as primary index and CRISIL Banking and PSU Debt Index as secondary index.

The NAV of Mirae Asset Banking and PSU Fund ended down ₹0(-0.01%)yesterday to ₹12.8002.

Among its top 3 holdings the fund has exposure to 6.79% Government of India (07/10/2034), and

The Mirae Asset Banking and PSU Fund is managed by Kruti Chheta .

Fund House Contact

Unit 606, 6th Floor, Windsor Building, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098

022-67800300
022-67253940