Mirae Asset Banking and PSU Fund Direct Growth

Mirae Asset Banking and PSU Fund Direct Growth

Debt

Mirae Mutual Fund

Banking & Psu

Get the latest NAV of Mirae Asset Banking and PSU Fund Direct Growth. 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.

₹13.19

▲0.4%1D

NAV as on 13 May 2025

5.94%/per year

Since Inception

Absolute Gain%

▲▼

19 people have invested ₹ 94.5K in Mirae Asset Banking and PSU Fund Direct Growth in the last three months

Fund Performance

as on (13-May-25)

Period
This Fund
Banking and PSU Index
1 Month
0.94%
0.83%
3 Months
3.24%
2.94%
6 Months
5.24%
4.52%
1 Year
9.72%
8.76%
3 Years
7.62%
7.25%

Peer comparison

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
Inception Returns
Mirae Asset Banking and PSU Fund
-
47Cr
0.35%
9.72%
7.62%
5.94%
Aditya Birla Sun Life Banking & PSU Debt Fund Direct Growth
3/12
8,826Cr
0.39%
9.72%
7.78%
8.54%
ICICI Prudential Banking and PSU Debt Fund Direct Growth
4/12
10,415Cr
0.39%
9.33%
8.02%
8.27%
Axis Banking & PSU Debt Fund Direct Growth
5/12
13,313Cr
0.35%
9.27%
7.34%
7.92%
See all

Mirae Asset Banking and PSU Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

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Total Investment

0

Profit

Total Corpus

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Absolute Return
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Mirae Asset Banking and PSU Fund Asset Allocation

See fund asset allocation details as on (15-Apr-25)

Fund Distribution

as on (15-Apr-25)

Debt & Cash 99.4%

AAA
100%
Debt allocation has gone up from 85.3% to 94.4%
Debt allocation has gone up from 85.3% to 94.4%
Cash allocation has gone down from 14.1% to 5.1%
Cash allocation has gone down from 14.1% to 5.1%

Mirae Asset Banking and PSU Fund Sector Allocation

See fund sector allocation details as on (15-Apr-25)

Sector Allocation

Debt & Cash 99.4%

Government
49.8%
Corporate
46.6%
Cash Equivalent
3.6%

Top 2 Sectors in March were Government, Corporate

Mar'25

Government

54%

Corporate

41%

Feb'25

Government

49%

Corporate

40%

Mirae Asset Banking and PSU Fund Direct Growth 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₹47 Cr
Inception Date24 July, 2020
Min Lumpsum/SIP₹5000/₹99
Exit Load0%
Lock InNo Lock-in
TurnOver
348.29%
STCGSelling mutual fund within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

About Mirae Asset Banking and PSU Fund

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

  1. Mirae Asset Banking and PSU Fund Direct Growth has ₹47 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
  2. The fund has an expense ratio 0.4.

Returns

Mirae Asset Banking and PSU Fund Direct Growth has given a CAGR return of 5.94% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 9.72% and 7.62% respectively.

Holdings

Mirae Asset Banking and PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 6.79% Govt Stock 2034, Export-Import Bank of India 7.4%, Mahanagar Telephone Nigam Limited, 7.34% Govt Stock 2064, Indian Railway Finance Corporation 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 Direct Growth

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 Direct Growth has no lock in period.

Learn more about Mirae Mutual Fund
Parameters
Mar'25
Feb'25
Jan'25
AUM
₹ 47 Cr
₹ 47.9 Cr
₹ 49 Cr
  • AUM of the fund stands at 47 Cr as of Mar'25
  • AUM decreased by 0.9 Cr between Mar'25 and Feb'25

Frequently Asked Questions for Mirae Asset Banking and PSU Fund Direct Growth

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

The current NAV of Mirae Asset Banking and PSU Fund Direct Growth is ₹13.19 as on 13-May-2025.

What are the average returns of Mirae Asset Banking and PSU Fund Direct Growth?

Existing (Absolute + CAGR) as on 13-May-2025.
Mirae Asset Banking and PSU Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.94%
0.94%
6 Month Returns
5.24%
5.24%
1 Year Returns
9.72%
9.72%
3 Years Returns
24.66%
7.62%

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

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.

What is the expense ratio of Mirae Asset Banking and PSU Fund Direct Growth?

0.35% as on April 2025

What is net assets under management (AUM) of Mirae Asset Banking and PSU Fund Direct Growth?

₹47 Cr as on April 2025

What are the top 5 holdings of Mirae Asset Banking and PSU Fund Direct Growth?

6.79% Govt Stock 2034(11.12%), Export-Import Bank of India 7.4%(7.62%), Mahanagar Telephone Nigam Limited(6.21%), 7.34% Govt Stock 2064(4.55%), Indian Railway Finance Corporation Limited(4.48%) as on April 2025

What are the top 3 sectors that this Mirae Asset Banking and PSU Fund Direct Growth has invested in?

Government(52.78%), Corporate(43.59%), Cash Equivalent(3.63%) as on April 2025

What is the yield to maturity ratio of Mirae Asset Banking and PSU Fund Direct Growth?

Yield to Maturity is 7.12 as on April 2025. 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.

What is the modified duration of Mirae Asset Banking and PSU Fund Direct Growth?

Modified Duration is 4.15 as on April 2025. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.

What is the credit rating breakup of Mirae Asset Banking and PSU Fund Direct Growth?

AAA
100

What is the exit load of Mirae Asset Banking and PSU Fund Direct Growth?

The Exit load of Mirae Asset Banking and PSU Fund Direct Growth is 0%