Mirae Asset Banking and PSU Fund Direct - Growth

Q: What are the returns of Mirae Asset Banking and PSU Fund?

The Mirae Asset Banking and PSU Fund is a 4 yrs 9 m old fund and has delivered average annual returns of 5.96% since inception. Mirae Asset Banking and PSU Fund Returns 1-Year 3-Year Since Inception 9.98% 7.25% 5.96%

Previously called: Mirae Asset Banking and PSU Debt Direct-G

NAV as of Apr 23, 2025	Returns since inception	ET Money Rank	VRO Ratings
₹13.1665+0.08% 1 day change	5.96% p.a.	#NA View Ranked Funds	2

Historical NAV & returns

NAV: ₹13.1665 as on Apr 23, 2025

This fund Category average

Mirae Asset Banking and PSU Fund overview

VRO rating	2
Expense ratio	0.34% as on Mar 31, 2025
Exit load	0%
AUM (Fund size)	₹47 Crs
Lock-in	No Lockin
Age	4 yrs 9 m since Jul 08, 2020
Benchmark	CRISIL Banking and PSU Debt A-II
Min. investment	SIP ₹1000 & Lump. ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

Mirae Asset Banking and PSU Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Apr 08, 2025

Period	This fund	Category average
1 month	2.2%	1.95%
3 months	3.46%	3.3%
6 months	5.32%	5.0%
1 year	9.98%	9.71%
3 years	7.25%	7.4%

Asset allocationas on Mar 31, 2025

Large Cap 0.0%

Mid Cap 0.0%

Small Cap 0.0%

Other Cap 0.0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 71.89623774%

SOV 16.36557741%

AA+ 6.1099301%

Cash & Call Money 5.07105292%

Top Debt Holdings

GOI 14.21%

National Bank For Agriculture & Rural Development 8.57%

Export-Import Bank Of India 7.55%

National Bank For Financing Infrastructure And Development 6.47%

Allocation by Instruments

Debenture 41.67984291999999%

Non Convertible Debenture 18.15701071%

GOI Securities 14.21253711%

Bonds/NCDs 7.500746210000001%

Other Holdings

Others 0.56%

Peer comparison

Fund name	ETM Rank	AUM (in Crs.)	Fund age	Expense ratio
Mirae Asset Banking and PSU Fund	N.A.	₹47 Crs	4 yrs 9 m	0.34%
ICICI Prudential Banking & PSU Debt Fund	N.A.	₹10,368 Crs	12 yrs 3 m	0.39%
Axis Banking & PSU Debt Fund	N.A.	₹12,961 Crs	12 yrs 3 m	0.35%
LIC MF Banking & PSU Fund	N.A.	₹1,702 Crs	12 yrs 3 m	0.28%
Bandhan Banking & PSU Debt Fund	N.A.	₹13,397 Crs	12 yrs 1 m	0.33%
Aditya Birla Sun Life Banking & PSU Debt Fund	N.A.	₹8,588 Crs	12 yrs 3 m	0.39%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Banking and PSU Fund	2.2%	5.32%	9.98%	7.25%	N.A.	N.A.
ICICI Prudential Banking & PSU Debt Fund	1.79%	5.06%	9.56%	7.84%	7.41%	7.99%
Axis Banking & PSU Debt Fund	1.8%	4.96%	9.33%	7.11%	6.71%	7.64%
LIC MF Banking & PSU Fund	2.2%	5.23%	10.05%	7.4%	6.55%	7.37%
Bandhan Banking & PSU Debt Fund	1.57%	4.76%	9.26%	7.12%	6.87%	7.6%
Aditya Birla Sun Life Banking & PSU Debt Fund	2.0%	5.08%	9.89%	7.45%	7.1%	7.96%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Banking and PSU Fund	1.27	2.51	0.21	0.26
ICICI Prudential Banking & PSU Debt Fund	0.84	1.39	1.24	1.59
Axis Banking & PSU Debt Fund	0.95	1.84	0.38	0.54
LIC MF Banking & PSU Fund	1.16	2.26	0.46	0.69
Bandhan Banking & PSU Debt Fund	0.96	2.06	0.38	0.47
Aditya Birla Sun Life Banking & PSU Debt Fund	1.04	2.09	0.55	0.7

View all Banking And Psu funds

Key risk & return ratios Compared to other funds in the category

Alpha	5.49 vs. 3.97 Higher outperformance against benchmark
Sharpe	0.21 vs. 3.21 Poor risk-adjusted returns
Beta	2.51 vs. 1.44 More sensitive to market's ups & downs
Standard deviation	1.27 vs. 1.25 More volatile performance

Compare Mirae Asset Banking and PSU Fund in detail with

About this fund

About Mirae Asset Banking and PSU Fund

Mirae Asset Banking and PSU Fund Direct - Growth is a Banking and PSU mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 4 yrs 9 m, having been launched on 08/07/2020. Mirae Asset Banking and PSU Fund Direct - Growth has ₹47 Crores worth of assets under management (AUM) as on 31/03/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Banking and PSU Fund Direct - Growth as of 23/04/2025 is ₹13.17. The fund has an expense ratio of 0.34%, which is close to what most other Banking And Psu funds charge.

Mirae Asset Banking and PSU Fund Direct - Growth returns of last 1-year are 10.01%. Since launch, it has delivered 5.96% average annual returns.
Mirae Asset Banking and PSU Fund Direct - Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is below average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in GOI, National Bank For Agriculture & Rural Development, Export-Import Bank Of India, National Bank For Financing Infrastructure And Development, Mahanagar Telephone Nigam Ltd..

...

Fund AUM	₹47 Crs as on Mar 31, 2025
Scheme document	View Scheme Document

Fund managers

Kruti Chheta

Ms. Chheta has done BAF (Finance and Accounts) and MBA (Finance). Prior to joining Mirae Asset Mutual Fund, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.

Investment objective

The scheme seeks 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.

Mirae Asset Mutual Fund details

No. of schemes	43 view all schemes
Total AUM	₹1,90,637 Crs as on Mar 31, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM (in Crs.)	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	₹237 Crs	12.66%	N.A.
Mirae Asset Short Duration Fund	N.A.	₹347 Crs	10.08%	7.57%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	₹758 Crs	9.44%	7.35%
Mirae Asset Corporate Bond Fund	N.A.	₹41 Crs	10.15%	7.28%
Mirae Asset Low Duration Fund	N.A.	₹1,415 Crs	8.47%	7.22%

See all Debt funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mirae Asset Banking and PSU Fund - Direct Growth plan is approximately ₹13.1665 as of Apr 23, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Banking and PSU Fund is a 4 yrs 9 m old fund and has delivered average annual returns of 5.96% since inception.

Mirae Asset Banking and PSU Fund Returns

1-Year	3-Year	Since Inception
9.98%	7.25%	5.96%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Banking and PSU Fund - Direct Growth has an expense ratio of 0.34%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Banking and PSU Fund currently has assets under management (AUM) or fund size valued at approximately ₹47 Crs crore as of Mar 31, 2025.

To whom does Mirae Asset Banking and PSU Fund lend to?

The top 3 debt holdings of Mirae Asset Banking and PSU Fund are as follows

Holding Name	Percentage of Portfolio
GOI	14.21%
National Bank For Agriculture & Rural Development	8.57%
Export-Import Bank Of India	7.55%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The Mirae Asset Banking and PSU Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	71.89623774%
SOV	16.36557741%
AA+	6.1099301%

What is risk level of Mirae Asset Banking and PSU Fund?

This is a Banking And Psu fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

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

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Banking and PSU Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mirae Asset Banking and PSU Fund is complete.

How can I redeem my investments in Mirae Asset Banking and PSU Fund?

Redeeming your investments in Mirae Asset Banking and PSU Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Banking and PSU Fund from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

in Banking and PSU

#NA

Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 1 Year.
Exit Load: This fund has no exit load.
Return/Risk: The fund is performing poorly than its category.