Mirae Asset Banking and PSU Fund Direct Growth
Debt
Direct
Banking & Psu
NAV: ₹ 11.97 as on 24-04-2024
Fund Performance
16 people have invested ₹ 38.6K in Mirae Asset Banking and PSU Fund Direct Growth in the last three months
About the Mirae Asset Banking and PSU Fund Direct Growth
Mirae Asset Banking and PSU Fund Direct Growth is a debt fund. This fund was started on 24 July, 2020. The fund is managed by . This fund is suitable to keep your money safe.
Key Parameters
- Mirae Asset Banking and PSU Fund Direct Growth has ₹60 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.3.
Mirae Asset Banking and PSU Fund Direct Growth Overview
 | 0.31% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹60 Cr |
 | 24 July, 2020 |
 | ₹5000/₹1000 |
 | 0% |
 | No Lock-in |
 TurnOver | 297.38% |
Mirae Asset Banking and PSU Fund Direct Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
100%
Sector Allocation
Government
51.5%
Corporate
43.8%
Cash Equivalent
4.7%
Top Holdings of Mirae Asset Banking and PSU Fund Direct Growth as on (31-Mar-24)
Debt Holdings20
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Housing And Urban Development Corporation Ltd. | 8.34% | 0% | |
Small Industries Development Bank Of India | 8.32% | 0% | |
Power Finance Corporation Ltd. | 8.26% | 0% | |
Power Grid Corporation Of India Limited | 6.7% | 0% | |
7.18% Govt Stock 2033 | 6.69% | 200% |
See all
Mirae Asset Banking and PSU Fund Direct Growth: Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 62.7 Cr as of Mar'24
- AUM has remained same between Mar'24 and Feb'24
Fund Portfolio Changes
Peer Analysis
Mirae Asset Banking and PSU Fund Direct Growth Highlights
Moderate Risk
Investors understand that their principal will be at Moderate Risk
About the fund
This fund has delivered an average annual returns of 4.91% since inception which is less than its category average return of 5.45%
AUM size ₹60 Cr
This fund has AUM of ₹60 Cr which is less than its category average of ₹ 3691 Cr
Expense Ratio 0.31%
This fund has an expense ratio of 0.31% which is less than its category average expense ratio of 0.49%
Frequently Asked Questions
The current NAV of Mirae Asset Banking and PSU Fund Direct Growth is ₹11.97 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
Mirae Asset Banking and PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.4% | 0.4% |
6 Month Returns | 3.97% | 3.97% |
1 Year Returns | 6.86% | 6.86% |
3 Years Returns | 16.23% | 5.14% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.31% as on March 2024
₹60 Cr as on March 2024
Housing And Urban Development Corporation Ltd.(8.34%), Small Industries Development Bank Of India(8.32%), Power Finance Corporation Ltd.(8.26%), Power Grid Corporation Of India Limited(6.7%), 7.18% Govt Stock 2033(6.69%) as on March 2024
Government(51.54%), Corporate(43.75%), Cash Equivalent(4.7%) as on March 2024
Yield to Maturity is 7.54 as on March 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.65 as on March 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 100 |
The Exit load of Mirae Asset Banking and PSU Fund Direct Growth is 0%