Mirae Asset Banking and PSU Fund

Mirae Asset Banking and PSU Fund

Debt

Mirae Mutual Fund

Banking & Psu

Get the latest NAV of Mirae Asset Banking and PSU Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹13.69

NAV as on 18 Mar 2026

5.72%/per year

Since Inception

Absolute Gain%

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11 people have invested ₹ 24.8K in Mirae Asset Banking and PSU Fund in the last three months

Mirae Asset Banking and PSU Fund Performance vs. Banking and PSU Index

Fund returns vs Benchmark returns vs Category Average returns as on (18-Mar-26)

The fund has consistently outperformed the benchmark (Banking and PSU Index) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
0.05%
0.88%
2.19%
6.66%
7.34%
6.13%
Banking and PSU Index
0.04%
0.77%
2.04%
6.31%
6.29%
5.42%
Banking & Psu Avg
-0.02%
0.74%
2.02%
6.49%
7.05%
6.28%
Best in Banking & Psu
0.36%
1.32%
3.07%
7.9%
7.75%
7.51%
Worst in Banking & Psu
-0.07%
0.72%
1.96%
6.16%
6.98%
5.79%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mirae Asset Banking and PSU Fund
-
44Cr
0.35%
6.66%
7.34%
0.22
1.09
0.67
1.16
0.71
ICICI Prudential Banking and PSU Debt Fund
1/12
9,489Cr
0.39%
7.13%
7.75%
0.80
0.76
1.35
2.71
1.55
UTI Banking & PSU Fund
2/12
1,099Cr
0.2%
7.47%
7.61%
0.62
0.79
1.09
2.34
1.05
Kotak Banking and PSU Debt Fund
3/12
5,409Cr
0.4%
7.44%
7.77%
0.65
1.05
1.03
1.97
1.85
See all

Mirae Asset Banking and PSU Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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Mirae Asset Banking and PSU Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

AAA
100%
Cash allocation has gone down from 33.6% to 26.2%
Cash allocation has gone down from 33.6% to 26.2%
Debt allocation has gone up from 65.7% to 73.2%
Debt allocation has gone up from 65.7% to 73.2%

Mirae Asset Banking and PSU Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Corporate
47.7%
Government
34.5%
Cash Equivalent
17.9%

Top 2 Sectors in February were Corporate, Government

Feb'26

Corporate

60%

Government

31%

Jan'26

Corporate

56%

Government

27%

Mirae Asset Banking and PSU Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.35%
Benchmark
CRISIL Banking and PSU Debt TR INR
AUM₹44 Cr
Inception Date24 July, 2020
Min Lumpsum/SIP₹5,000/₹99
Exit Load0%
Lock InNo Lock-in
TurnOver
640.3%
Risk
Risk meter
pointer
Low to Moderate Risk

About Mirae Asset Banking and PSU Fund

Mirae Asset Banking and PSU Fund is a debt fund. This fund was started on 24 July, 2020. The fund is managed by Kruti Chheta. This fund is suitable to keep your money safe.

Key Parameters

  1. Mirae Asset Banking and PSU Fund has ₹44 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Banking and PSU Fund has given a CAGR return of 5.72% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 6.66%, 7.34% and 6.13% respectively.

Holdings

Mirae Asset Banking and PSU Fund has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are Axis Bank Limited, Export Import Bank Of India, Kotak Mahindra Bank Ltd, 6.48% Gs 2035, HDFC Bank Limited

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.
Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.
Invested after 1 April 2023, capital gains will be taxed at your income slab rate.
Dividends will always be taxed at slab rate.

Investment objective of Mirae Asset Banking and PSU Fund

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.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Banking and PSU Fund has no lock in period.

Fund Manager

Kruti Chheta

Fund Manager of Mirae Asset Banking and PSU Fund, since 1 February 2024

Learn more about Mirae Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 43.7 Cr
₹ 44.3 Cr
₹ 45 Cr
  • AUM of the fund stands at 43.7 Cr as of Feb'26
  • AUM decreased by 0.6 Cr between Feb'26 and Jan'26

Frequently Asked Questions for Mirae Asset Banking and PSU Fund

How do I invest in Mirae Asset Banking and PSU Fund?

INDmoney makes it simple to invest in the Mirae Asset Banking and PSU Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mirae Asset Banking and PSU Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Mirae Asset Banking and PSU Fund?

The NAV of the fund today is ₹13.69. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mirae Asset Banking and PSU Fund fund has generated a return of 6.66% in 1 year, 7.34% in 3 years, 6.13% in 5 years.

Who is the fund manager of Mirae Asset Banking and PSU Fund?

The fund managers are Kruti Chheta.

What is the expense ratio of the fund?

The expense ratio is 0.35%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹44 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mirae Asset Banking and PSU Fund?

The top 3 holdings of the fund are Axis Bank Limited(9.15%), Export Import Bank Of India(6.93%), Kotak Mahindra Bank Ltd(6.45%)