Q: What are the returns of this mutual fund scheme?

The Mirae Asset Banking and PSU Fund Direct - Growth is a 5 yrs 3 m old fund and has delivered average annual returns of 5.9% since inception. Mirae Asset Banking and PSU Fund Direct - Growth Returns 1-Year 3-Year 5-Year Since Inception 8.12% 7.77% 5.96% 5.9%

Question 1

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

Accepted Answer

The current Net Asset Value (NAV) of the Mirae Asset Banking and PSU Fund - Direct Growth plan is approximately ₹13.5196 as of Oct 20, 2025.

Question 2

What are the returns of this mutual fund scheme?

Accepted Answer

The Mirae Asset Banking and PSU Fund Direct - Growth is a 5 yrs 3 m old fund and has delivered average annual returns of 5.9% since inception.

Mirae Asset Banking and PSU Fund Direct - Growth Returns

1-Year	3-Year	5-Year	Since Inception
8.12%	7.77%	5.96%	5.9%

Question 3

How much does this mutual fund charge as expense ratio?

Accepted Answer

The Mirae Asset Banking and PSU Fund - Direct Growth has an expense ratio of 0.36%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

Question 4

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

Accepted Answer

The Mirae Asset Banking and PSU Fund currently has assets under management (AUM) or fund size valued at approximately 46 Cr as on Sep 30, 2025.

Question 5

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

Accepted Answer

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

Holding Name	Percentage of Portfolio
GOI	14.2%
REC Ltd.	7.7%
Power Finance Corporation Ltd.	6.63%

Question 6

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

Accepted Answer

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	73.33934314%
SOV	16.36360125%
Cash & Call Money	9.7092759%

Question 7

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

Accepted Answer

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

Question 8

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

Accepted Answer

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

Question 9

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

Accepted Answer

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

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 - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Mirae Asset Banking and PSU Fund is complete.

Question 10

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

Accepted Answer

Redeeming your investments in the Mirae Asset Banking and PSU Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.36% as on Sep 30, 2025
Exit load	0%
AUM (Fund size)	₹46 Cr
Lock-in Period	Nil
Age	5 yrs 3 m 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

Period	This fund	Category average
1 Month	0.76%	0.79%
3 Months	1.21%	1.31%
6 Months	2.76%	3.13%
1 Year	8.12%	8.19%
2 Years	8.32%	8.34%
3 Years	7.77%	7.89%
4 Years	6.42%	6.65%
5 Years	5.96%	6.18%

Alpha	5.98 vs. 4.32 Higher outperformance against benchmark
Sharpe	0.86 vs. 4.78 Poor risk-adjusted returns
Beta	2.73 vs. 2.06 More sensitive to market's ups & downs
Standard deviation	1.23 vs. 1.06 More volatile performance

Fund AUM	46 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

No. of schemes	47 view all schemes
Total AUM	2,15,434 Cr as on Sep 30, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

Mirae Asset Banking and PSU Fund Direct - Growth

Historical NAV & returns

Mirae Asset Banking and PSU Fund overview

Mirae Asset Banking and PSU Fund Returns calculator

Trailing returns as on Oct 17, 2025

Asset allocationas on Sep 30, 2025

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

Compare Mirae Asset Banking and PSU Fund in detail with

About this fund

About Mirae Asset Banking and PSU Fund

Fund managers

Investment objective

Mirae Asset Mutual Fund details

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Mirae Asset Banking and PSU Fund Direct - Growth Returns

ET Money rank

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Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	233 Cr	8.75%	8.99%
Mirae Asset Short Duration Fund	N.A.	704 Cr	8.8%	8.17%
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Mirae Asset Dynamic Bond Fund	N.A.	116 Cr	8.01%	7.89%