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 5 yrs old fund and has delivered average annual returns of 5.95% since inception. Mirae Asset Banking and PSU Fund Returns 1-Year 3-Year Since Inception 9.25% 7.74% 5.95%

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

NAV as of Jul 21, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹13.3581+0.05% 1 day change	5.95% p.a.	#NA View Ranked Funds	₹48 Cr

Historical NAV & returns

NAV: ₹13.3581 as on Jul 21, 2025

This fund Category average

Mirae Asset Banking and PSU Fund overview

Expense ratio	0.35% as on May 31, 2025
Exit load	0%
AUM (Fund size)	₹48 Cr
Lock-in Period	Nil
Age	5 yrs since Jul 08, 2020
Benchmark	CRISIL Banking and PSU Debt A-II
Min. investment	SIP: ₹1000 & Lumpsum: ₹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 Jun 06, 2025

Period	This fund	Category average
1 Month	0.57%	0.6%
3 Months	1.53%	1.78%
6 Months	4.98%	5.09%
1 Year	9.25%	9.28%
2 Years	8.23%	8.28%
3 Years	7.74%	7.85%
4 Years	6.39%	6.6%
5 Years	5.96%	6.24%

Asset allocationas on May 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 67.94341347%

SOV 21.42553042%

AA+ 6.13752467%

Cash & Call Money 3.9367684%

Top Debt Holdings

GOI 19.26%

National Bank For Agriculture & Rural Development 9.22%

Mahanagar Telephone Nigam Ltd. 6.14%

REC Ltd. 5.33%

Allocation by Instruments

Debenture 35.61480732%

Non Convertible Debenture 20.32710042%

GOI Securities 19.26161241%

Bonds 10.715907580000001%

Other Holdings

Others 0.56%

Peer comparison

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Banking and PSU Fund	N.A.	48 Cr	5 yrs	0.35%
ICICI Prudential Banking & PSU Debt Fund	N.A.	10,485 Cr	12 yrs 6 m	0.39%
Axis Banking & PSU Debt Fund	N.A.	13,313 Cr	12 yrs 6 m	0.35%
Bandhan Banking & PSU Debt Fund	N.A.	13,580 Cr	12 yrs 4 m	0.33%
LIC MF Banking & PSU Fund	N.A.	1,702 Cr	12 yrs 6 m	0.28%
Aditya Birla Sun Life Banking & PSU Debt Fund	N.A.	8,826 Cr	12 yrs 6 m	0.39%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Banking and PSU Fund	0.57%	4.98%	9.25%	7.74%	5.96%	N.A.
ICICI Prudential Banking & PSU Debt Fund	0.65%	4.99%	9.1%	8.26%	6.77%	8.01%
Axis Banking & PSU Debt Fund	0.59%	5.03%	9.16%	7.52%	6.16%	7.6%
Bandhan Banking & PSU Debt Fund	0.54%	4.87%	8.94%	7.62%	6.18%	7.55%
LIC MF Banking & PSU Fund	0.58%	5.4%	9.68%	7.86%	6.06%	7.42%
Aditya Birla Sun Life Banking & PSU Debt Fund	0.63%	5.14%	9.36%	7.92%	6.42%	8.0%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Banking and PSU Fund	1.19	2.35	0.96	1.68
ICICI Prudential Banking & PSU Debt Fund	0.8	1.2	2.05	4.1
Axis Banking & PSU Debt Fund	1.02	2.31	0.88	1.48
Bandhan Banking & PSU Debt Fund	0.87	2.09	1.17	2.48
LIC MF Banking & PSU Fund	1.25	2.77	0.98	1.81
Aditya Birla Sun Life Banking & PSU Debt Fund	1.07	2.18	1.22	2.07

View all Banking And Psu funds

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

Alpha	5.54 vs. 4.32 Higher outperformance against benchmark
Sharpe	0.96 vs. 4.14 Poor risk-adjusted returns
Beta	2.35 vs. 1.98 More sensitive to market's ups & downs
Standard deviation	1.19 vs. 1.04 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 5 yrs, having been launched on 08/07/2020. Mirae Asset Banking and PSU Fund Direct - Growth has ₹48 Crores worth of assets under management (AUM) as on 31/05/2025 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 21/07/2025 is ₹13.36. The fund has an expense ratio of 0.35%, 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 9.25%. Since launch, it has delivered 5.97% 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, Mahanagar Telephone Nigam Ltd., REC Ltd., State Bank of India.

...

Fund AUM	48 Cr as on May 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	2,02,662 Cr as on Jun 30, 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	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	244 Cr	11.03%	N.A.
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	648 Cr	9.12%	8.11%
Mirae Asset Short Duration Fund	N.A.	1,056 Cr	9.75%	8.07%
Mirae Asset Corporate Bond Fund	N.A.	44 Cr	9.48%	7.79%
Mirae Asset Dynamic Bond Fund	N.A.	120 Cr	8.93%	7.76%

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 ₹13.3581 as of Jul 21, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Banking and PSU Fund is a 5 yrs old fund and has delivered average annual returns of 5.95% since inception.

Mirae Asset Banking and PSU Fund Returns

1-Year	3-Year	Since Inception
9.25%	7.74%	5.95%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Banking and PSU Fund - Direct Growth has an expense ratio of 0.35%, 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 48 Cr as on May 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	19.26%
National Bank For Agriculture & Rural Development	9.22%
Mahanagar Telephone Nigam Ltd.	6.14%

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	67.94341347%
SOV	21.42553042%
AA+	6.13752467%

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.