Mirae Asset Banking and PSU Fund - IDCW - Direct Plan

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  • 0.05 %Nav, as on 06-11-2025

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  • Net Change on 06-11-2025

  • PersonalFN Rating

  • Assets (Cr.)

  • Expense Ratio

Fund Overview IDCW | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

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.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Mirae Asset Banking and PSU Fund - Direct Plan - IDCW 7.03 4.47 8.12 7.74 5.98 5.89
CRISIL 10 Year Gilt Index N/A N/A N/A N/A N/A N/A
CRISIL Banking and PSU Debt Index N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Annualised, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Mirae Asset Banking and PSU Fund - Direct Plan - IDCW Jul 24, 2020 Unrated 8.12 7.74 5.98 0.36 46.09
Axis Banking & PSU Debt Fund - Direct Plan - Daily IDCW Jan 02, 2013 8.32 7.69 6.12 0.35 13,417.14
Axis Banking & PSU Debt Fund - Direct Plan - Monthly IDCW Feb 22, 2013 8.32 7.69 6.12 0.35 13,417.14
Axis Banking & PSU Debt Fund - Direct Plan - Weekly IDCW Jan 10, 2013 8.32 7.69 6.12 0.35 13,417.14
Bandhan Banking and PSU Fund - Direct Annual IDCW Feb 04, 2020 8.24 7.93 6.39 0.36 12,963.49
Bandhan Banking and PSU Fund - Direct Daily IDCW Feb 10, 2014 8.04 7.69 6.13 0.36 12,963.49

Fund Holdings as on 31-October-2025

  • TREPS

  • 6.79% Government of India (MD 07/10/2034)

  • 7.35% Export-Import Bank of India (MD 27/07/2028)

  • 7.59% National Housing Bank (MD 14/07/2027)**

  • 6.33% Government of India (MD 05/05/2035)

  • Small Industries Development Bank of India (MD 06/02/2026)#

  • Net Receivables / (Payables)

  • 7.97% HDFC Bank Ltd. (MD 17/02/2033)**

  • 7.57% Indian Railway Finance Corporation Ltd. (MD 18/04/2029)**

  • 6.44% HDFC Bank Ltd. (MD 27/09/2028)**

  • 7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028)

  • 7.62% National Bank for Agriculture and Rural Development (MD 10/05/2029)**

  • 7.47% Small Industries Development Bank of India (MD 05/09/2029)

  • 7.56% REC Ltd. (MD 31/08/2027)**

  • 7.12% Housing and Urban Development Corporation Ltd. (MD 26/12/2034)**

  • 7.85% Power Finance Corporation Ltd. (MD 03/04/2028)**

  • 7.41% Power Finance Corporation Ltd. (MD 15/05/2030)**

  • 7.37% Indian Railway Finance Corporation Ltd. (MD 31/07/2029)**

  • 7.56% India Infrastructure Finance Company Ltd. (MD 20/03/2028)**

  • 7.53% National Bank for Agriculture and Rural Development (MD 24/03/2028)

  • 7.42% Power Finance Corporation Ltd. (MD 15/04/2028)**

  • 7.22% Export-Import Bank of India (MD 03/08/2027)**

  • 7.77% Power Finance Corporation Ltd. (MD 15/07/2026)**

  • 6.87% REC Ltd. (MD 31/05/2030)

  • 6.52% Housing and Urban Development Corporation Ltd. (MD 06/06/2028)**

  • 7.59% National Housing Bank (MD 08/09/2027)**

  • Corporate Debt Market Development Fund - Class A2#

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  • Miscellaneous

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Fund Manager

  • [ICRA]AAA

  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • IND AAA

  • Sovereign

  • Unrated

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About Mirae Asset Banking and PSU Fund

Scheme Analysis

Mirae Asset Banking and PSU Fund is a Debt - Banking and PSU Fund fund and belongs to Mirae Asset Mutual Fund. It was launched on 24-Jul-2020 and currently has an AUM of ₹46.09 crore. Mirae Asset Banking and PSU Fund is benchmarked against CRISIL 10 Year Gilt Index as primary index and CRISIL Banking and PSU Debt Index as secondary index.

The NAV of Mirae Asset Banking and PSU Fund ended up ₹0.01(0.05%)yesterday to ₹13.5396.

Among its top 3 holdings the fund has exposure to TREPS, and

The Mirae Asset Banking and PSU Fund is managed by Kruti Chheta .

Fund House Contact

Unit 606, 6th Floor, Windsor Building, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098

022-67800300
022-67253940