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

Other Plans and Options
  • (-0.01%)Nav, as on 27-09-2023

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  • Net Change on 27-09-2023

  • PersonalFN Rating

  • Assets (Cr.)

  • Expense Ratio

Fund Overview Growth | Regular 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
Crisil 10 Yr 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.)
Bandhan Banking & PSU Debt Fund-Regular Plan- Growth Option Mar 07, 2013 6.70 4.80 7.64 0.62 14,855.81
Axis Banking & PSU Debt Fund - Regular Plan - Growth option Jun 08, 2012 6.70 4.71 7.19 0.63 14,540.93
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan-Growth May 05, 2008 6.89 5.07 7.21 0.71 8,381.10
ICICI Prudential Banking and PSU Debt Fund - Growth Jan 01, 2010 7.38 5.61 7.14 0.76 8,337.97
HDFC BANKING AND PSU DEBT FUND - Regular Plan - Growth Option Mar 26, 2014 6.89 4.99 7.22 0.81 6,311.53

Fund Holdings as on 31-August-2023

  • 7.26% Government of India (06/02/2033)

  • TREPS

  • 7.54% State Bank of India (01/08/2038) **

  • 7.52% NHPC Limited (06/06/2024) **

  • 7.54% Housing & Urban Development Corporation Limited (11/02/2026) **

  • 7.47% Small Industries Dev Bank of India (25/11/2025) **

  • 7.45% Indian Railway Finance Corporation Limited (13/10/2028) **

  • 7.05% National Housing Bank (18/12/2024) **

  • 4.64% Oil & Natural Gas Corporation Limited (21/11/2023) **

  • 7.4% National Bank For Agriculture and Rural Development (30/01/2026) **

  • 7.13% Power Finance Corporation Limited (15/07/2026) **

  • Axis Bank Limited (06/12/2023) #

  • 7.95% HDFC Bank Limited (21/09/2026) **

  • 7.5% Power Grid Corporation of India Limited (24/08/2033) **

  • 7.43% National Bank For Financing Infrastructure And Development (16/06/2033) **

  • Net Receivables / (Payables)

  • 7.57% National Bank For Agriculture and Rural Development (19/03/2026) **

  • 7.06% Government of India (10/04/2028)

  • 7.77% REC Limited (31/03/2028) **

  • 6.44% HDFC Bank Limited (27/09/2028) **

  • 7.18% Government of India (14/08/2033)

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  • Miscellaneous

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  • CARE AAA

  • Cash

  • CRISIL A1+

  • CRISIL AAA

  • 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 ₹86.10 crore. Mirae Asset Banking and PSU Debt Fund is benchmarked against Crisil 10 Yr Gilt Index as primary index and CRISIL Banking and PSU Debt Index as secondary index.

The NAV of Mirae Asset Banking and PSU Debt Fund ended down ₹0(-0.01%)yesterday to ₹11.3543.

Among its top 3 holdings the fund has exposure to 7.26% Government of India (06/02/2033), and

The Mirae Asset Banking and PSU Debt Fund is managed by Basant Bafna .

Fund House Contact

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

022-67800300
022-67253942