Mirae Asset Banking and PSU Fund

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

The Mirae Asset Banking and PSU Fund is a 5 yrs 6 m old fund and has delivered average annual returns of 5.25% since inception. Mirae Asset Banking and PSU Fund Returns 1-Year 3-Year 5-Year Since Inception 6.02% 6.83% 5.53% 5.25%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹13.2696+0.0% 1 day change	5.25% p.a.	App exclusive #NA View Ranked Funds	₹45 Cr

Historical NAV & returns

NAV: ₹13.2696 as on Feb 02, 2026

This fund Category average

Mirae Asset Banking and PSU Fund overview

AUM (Fund size)	₹45 Cr
Exit load	0%
Lock-in Period	Nil
Age	5 yrs 6 m since Jul 08, 2020
Benchmark	CRISIL Banking and PSU Debt A-II
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	0.82% as on Feb 02, 2026
Plan type	Regular
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 Feb 03, 2026

Period	This fund	Category average
1 Month	-0.02%	0.0%
3 Months	0.38%	0.53%
6 Months	1.39%	1.68%
1 Year	6.02%	6.56%
2 Years	6.88%	7.17%
3 Years	6.83%	7.14%
4 Years	5.91%	6.33%
5 Years	5.53%	5.84%

Asset allocationas on Dec 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 68.38435602%

Cash & Call Money 14.16325864%

SOV 11.28799561%

A1+ 5.5514925%

Top Debt Holdings

GOI 11.29%

Power Finance Corporation Ltd. 6.8%

Export-Import Bank Of India 6.79%

HDFC Bank Ltd. 4.62%

Allocation by Instruments

Debenture 37.29711245%

Bonds 17.60780979%

GOI Securities 11.28799561%

Repo 10.92541376%

Other Holdings

Others 3.24%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Banking and PSU Fund	-0.02%	1.39%	6.02%	6.83%	5.53%	N.A.
ICICI Prudential Banking & PSU Debt Fund	-0.02%	2.01%	6.86%	7.41%	6.27%	7.39%
ITI Banking & PSU Debt Fund	0.14%	1.8%	6.24%	6.75%	5.88%	2.95%
Axis Banking & PSU Debt Fund	-0.03%	1.74%	6.66%	6.96%	5.8%	7.11%
Bandhan Banking and PSU Fund	0.06%	1.71%	6.37%	6.94%	5.8%	7.05%
Sundaram Banking & PSU Fund	-0.05%	1.73%	6.68%	7.22%	5.6%	6.52%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Banking and PSU Fund	1.3	1.4	0.41	0.65
ICICI Prudential Banking & PSU Debt Fund	0.93	1.08	1.17	1.58
ITI Banking & PSU Debt Fund	0.87	0.96	0.5	0.86
Axis Banking & PSU Debt Fund	1.08	1.31	0.62	0.93
Bandhan Banking and PSU Fund	1.0	1.23	0.62	0.99
Sundaram Banking & PSU Fund	1.17	1.43	0.78	1.29

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Banking and PSU Fund	N.A.	45 Cr	5 yrs 6 m	0.82%
ICICI Prudential Banking & PSU Debt Fund	N.A.	9,728 Cr	16 yrs 1 m	0.73%
ITI Banking & PSU Debt Fund	N.A.	37 Cr	5 yrs 3 m	0.7%
Axis Banking & PSU Debt Fund	N.A.	13,574 Cr	13 yrs 8 m	0.62%
Bandhan Banking and PSU Fund	N.A.	12,651 Cr	12 yrs 11 m	0.66%
Sundaram Banking & PSU Fund	N.A.	377 Cr	21 yrs 1 m	0.44%

View all Banking And Psu funds

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

Alpha	3.15 vs. 3.19 Underperformed at beating benchmark
Sharpe	0.41 vs. 3.7 Poor risk-adjusted returns
Beta	1.4 vs. 1.12 More sensitive to market's ups & downs
Standard deviation	1.3 vs. 1.13 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 is a Banking and PSU mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 5 yrs 6 m, having been launched on 08/07/2020. Mirae Asset Banking and PSU Fund has ₹45 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Banking and PSU Fund as of 02/02/2026 is ₹13.27. The fund has an expense ratio of 0.82%, which is higher than what most other Banking And Psu funds charge.

Mirae Asset Banking and PSU Fund returns of last 1-year are 6.12%. Since launch, it has delivered 5.25% average annual returns.
Mirae Asset Banking and PSU Fund 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, Power Finance Corporation Ltd., Export-Import Bank Of India, HDFC Bank Ltd., Indian Railway Finance Corporation Ltd..

...

Fund AUM	45 Cr as on Dec 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	48 view all schemes
Total AUM	2,29,565 Cr as on Dec 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	1Y	3Y
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	N.A.	227 Cr	6.16%	7.74%
Mirae Asset Nifty SDL Jun 2027 Index Fund	N.A.	531 Cr	7.34%	7.56%
Mirae Asset Ultra Short Duration Fund	N.A.	2,067 Cr	6.81%	7.22%
Mirae Asset Nifty SDL June 2028 Index Fund	N.A.	71 Cr	7.21%	N.A.
Mirae Asset Money Market Fund	N.A.	3,025 Cr	6.88%	7.08%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund	N.A.	77 Cr	6.85%	7.05%

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 plan is approximately ₹13.2696 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The Mirae Asset Banking and PSU Fund is a 5 yrs 6 m old fund and has delivered average annual returns of 5.25% since inception.

Mirae Asset Banking and PSU Fund Returns

1-Year	3-Year	5-Year	Since Inception
6.02%	6.83%	5.53%	5.25%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Banking and PSU Fund has an expense ratio of 0.82%, 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.

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 45 Cr as on Dec 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	11.29%
Power Finance Corporation Ltd.	6.8%
Export-Import Bank Of India	6.79%

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	68.38435602%
Cash & Call Money	14.16325864%
SOV	11.28799561%

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

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.

ET Money rank

App exclusive

in Banking and PSU

#NA

Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.