Mirae Asset Banking and PSU Debt Fund - Growth - Regular Plan

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  • Net Change on 29-10-2020

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Fund Overview Growth | Regular Plan

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  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

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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
NIFTY 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.)
IDFC Banking & PSU Debt Fund-Regular Plan- Growth Option Mar 07, 2013 10.83 9.40 8.58 0.65 18,980.36
Axis Banking & PSU Debt Fund - Regular Plan - Growth option Jun 08, 2012 9.59 9.14 8.65 0.62 17,590.73
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan-Growth May 05, 2008 10.78 8.75 8.95 0.68 13,263.97
ICICI Prudential Banking and PSU Debt Fund - Growth Jan 01, 2010 9.69 7.82 8.50 0.83 13,200.35
HDFC BANKING AND PSU DEBT FUND - Regular Plan - Growth Option Mar 26, 2014 10.64 8.28 8.65 0.81 9,329.29

Fund Holdings as on 30-September-2020

  • 6.18% Government of India (04/11/2024)

  • Bank of Baroda (16/10/2020) ** #

  • Tri Party Repo

  • Indian Oil Corporation Limited (08/10/2020) **

  • Indian Railway Finance Corporation Limited (09/10/2020)

  • Export Import Bank of India (13/10/2020) **

  • Power Grid Corporation of India Limited (16/10/2020) **

  • 7% Hindustan Petroleum Corporation Limited (14/08/2024) **

  • 6.85% Power Grid Corporation of India Limited (15/04/2025) **

  • 6.79% Housing & Urban Development Corporation Limited (14/04/2023) **

  • 6.72% National Bank For Agriculture and Rural Development (14/04/2023) **

  • 6.75% Power Finance Corporation Limited (22/05/2023) **

  • 6.39% Indian Oil Corporation Limited (06/03/2025) **

  • 6.35% Export Import Bank of India (18/02/2025) **

  • 5.32% National Housing Bank (01/09/2023) **

  • 4.9% Small Industries Dev Bank of India (18/08/2023) **

  • 5.36% Hindustan Petroleum Corporation Limited (11/04/2025) **

  • 5.9% REC Limited (31/03/2025) **

  • 6.5% National Highways Auth Of Ind (11/04/2031) **

  • 8.25% Indian Railway Finance Corporation Limited (28/02/2024) **

  • 6.55% NTPC Limited (17/04/2023) **

  • 6.4% National Bank For Agriculture and Rural Development (31/07/2023) **

  • 6.19% Indian Railway Finance Corporation Limited (28/04/2023) **

  • 5.69% REC Limited (30/09/2023)

  • 5.22% Government of India (15/06/2025)

  • Net Receivables / (Payables)

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  • Miscellaneous

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  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • FITCH A1+

  • ICRA A1+

  • ICRA AAA

  • SOVEREIGN

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About Mirae Asset Banking and PSU Debt Fund

Scheme Analysis

Mirae Asset Banking and PSU Debt 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 ₹254.52 crore. Mirae Asset Banking and PSU Debt Fund is benchmarked against NIFTY Banking and PSU Debt Index as primary index.

The NAV of Mirae Asset Banking and PSU Debt Fund ended up ₹0(0.01%)yesterday to ₹10.099.

Among its top 3 holdings the fund has exposure to 6.18% Government of India (04/11/2024), and

The Mirae Asset Banking and PSU Debt Fund is managed by Mahendra Kumar Jajoo .

Fund House Contact

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

022-67800300
022-67253942