Debt
Direct
Banking & Psu
NAV as on 29-11-2024
₹ 12.58
▲0.1%
1D
Inception Returns
5.4%
/yr
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.
Mirae Asset Banking and PSU Fund Direct Growth has given a CAGR return of 5.42% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 8.45% and 5.94% respectively.
Mirae Asset Banking and PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, Housing And Urban Development Corporation Ltd., Small Industries Development Bank Of India, National Bank For Financing Infrastructure And Development, Power Finance Corporation Ltd.
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:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
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 for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Banking and PSU Fund Direct Growth has no lock in period.
Expense ratio | 0.37% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹55 Cr |
Inception Date | 24 July, 2020 |
Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 348.29% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
Risk | Moderate Risk |
as on (29-Nov-24)
as on (31-Dec-69)
Top 2 Sectors in October were Government, Corporate
Mirae Asset Banking and PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.64% | 0.64% |
6 Month Returns | 4.1% | 4.1% |
1 Year Returns | 8.45% | 8.45% |
3 Years Returns | 18.89% | 5.94% |
5 Years Returns | 0% | 0% |
AAA | 94.61 |
AA | 5.39 |