Mirae Asset Banking And PSU Debt Fund Direct Growth - Latest NAV[10.61], MF Performance & Returns 2022

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Mirae Asset Banking And PSU Debt Fund Direct Growth
Debt
Banking and PSU
Moderate Risk
0.07%
1M return
-0.02% 1D
1M
6M
1Y
All
 NAV: 19 Jan 2022₹10.61
Min. SIP amount₹1,000
RatingNA
Fund size₹183.21Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Banking and PSU
Absolute returns
3M6M1YAll
Fund returns0.7%1.9%4.2%6.1%
Category averageNANA4.4%NA
Rank with in category81213NA
Understand terms
Holdings (18)NameSectorInstrumentAssets
GOI
SovereignGOI Sec9.5%
Oil & Natural Gas Corporation Ltd.
EnergyDebenture8.1%
Export-Import Bank Of India
FinancialBonds5.8%
Hindustan Petroleum Corporation Ltd.
EnergyDebenture5.7%
Housing & Urban Development Corporation Ltd.
FinancialNCD5.6%
Power Finance Corporation Ltd.
FinancialDebenture5.6%
National Bank For Agriculture & Rural Development
FinancialBonds/NCD5.6%
National Housing Bank
FinancialNCD5.5%
REC Ltd.
FinancialDebenture5.5%
Indian Oil Corporation Ltd.
EnergyCP5.5%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
31 Dec 2021 - Present
0.35%
30 Nov 2021 - 31 Dec 2021
0.38%
31 Oct 2021 - 30 Nov 2021
0.38%
30 Sep 2021 - 31 Oct 2021
0.38%
31 Aug 2021 - 30 Sep 2021
0.37%
31 Jul 2021 - 31 Aug 2021
0.35%
30 Jun 2021 - 31 Jul 2021
0.35%
31 May 2021 - 30 Jun 2021
0.36%
30 Apr 2021 - 31 May 2021
0.37%
31 Mar 2021 - 30 Apr 2021
0.36%
28 Feb 2021 - 31 Mar 2021
0.37%
31 Jan 2021 - 28 Feb 2021
0.38%
31 Dec 2020 - 31 Jan 2021
0.37%
30 Nov 2020 - 31 Dec 2020
0.39%
31 Oct 2020 - 30 Nov 2020
0.35%
30 Sep 2020 - 31 Oct 2020
0.34%
31 Aug 2020 - 30 Sep 2020
0.34%
31 Jul 2020 - 31 Aug 2020
0.34%
Expense ratio, exit load and taxExpense ratio: 0.38%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationNA
Understand terms
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹1,000
Fund managementMahendra Kumar Jajoo
Jul 2020 - Present
View details
Education
Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.
Experience
Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.
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Fund house & investment objective
Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM₹70,165.29Cr
Date of Incorporation30 Nov 2007
 Mirae Asset Banking And PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made a
 Mirae Asset Banking And PSU Debt Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Mahendra Kumar Jajoo is the Current Fund Manager of Mirae Asset Banking And PSU Debt Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹70,165 Cr and the Latest NAV as of 19 Jan 2022 is ₹10.61.
The Mirae Asset Banking And PSU Debt Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to 1000. Minimum Lumpsum Investment is 5000.
...Read more
Investment Objective
The scheme seeks to generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Publi
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.
...Read more
Fund benchmarkNIFTY Banking and PSU Debt TRI
Scheme Information Document(SID)
Fund house contact details
Address
Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Phone
022-67800300
Launch Date
30 Nov 2007
E-mail
[email protected]
Website
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,
Email
[email protected]
Website
www.karvymfs.com
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FAQsHow to Invest in Mirae Asset Banking And PSU Debt Fund Direct Growth
You can easily invest in Mirae Asset Banking And PSU Debt Fund Direct Growth in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account
 Search for Mirae Asset Banking And PSU Debt Fund Direct Growth from the search box 
 In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
 Once you are done with that, you can start investing in Mirae Asset Banking And PSU Debt Fund Direct Growth as SIP or lumpsum as per your investment objective and risk tolerance
What kind of returns does Mirae Asset Banking And PSU Debt Fund Direct Growth provide?
The Mirae Asset Banking And PSU Debt Fund Direct Growth has been there from 24 Jul 2020 and the average annual returns provided by this
fund is 4.13% since its inception.
How much expense ratio is charged by Mirae Asset Banking And PSU Debt Fund Direct Growth?
The term Expense Ratio used for Mirae Asset Banking And PSU Debt Fund Direct Growth or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. 

The Expense Ratio of Mirae Asset Banking And PSU Debt Fund Direct Growth is 0.38% as of 20 Jan 2022...
What is the AUM of Mirae Asset Banking And PSU Debt Fund Direct Growth?
The AUM, short for Assets Under Management of Mirae Asset Banking And PSU Debt Fund Direct Growth is ₹183.21Cr as of 20 Jan 2022.
How to Redeem Mirae Asset Banking And PSU Debt Fund Direct Growth?
If you want to sell your Mirae Asset Banking And PSU Debt Fund Direct Growth holdings, go to your holding on the app or
web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your
desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.
Can I invest in SIP and Lump Sum of Mirae Asset Banking And PSU Debt Fund Direct Growth?
You can select either SIP  or Lumpsum  investment of Mirae Asset Banking And PSU Debt Fund Direct Growth based on your investment objective and risk tolerance.
What is the NAV of Mirae Asset Banking And PSU Debt Fund Direct Growth?
The NAV of Mirae Asset Banking And PSU Debt Fund Direct Growth is ₹10.61 as of 19 Jan 2022.
What is the PE and PB ratio of Mirae Asset Banking And PSU Debt Fund Direct Growth?
The PE ratio ratio of Mirae Asset Banking And PSU Debt Fund Direct Growth is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

	3M	6M	1Y	All
Fund returns	0.7%	1.9%	4.2%	6.1%
Category average	NA	NA	4.4%	NA
Rank with in category	8	12	13	NA

Name	Sector	Instrument	Assets
GOI	Sovereign	GOI Sec	9.5%
Oil & Natural Gas Corporation Ltd.	Energy	Debenture	8.1%
Export-Import Bank Of India	Financial	Bonds	5.8%
Hindustan Petroleum Corporation Ltd.	Energy	Debenture	5.7%
Housing & Urban Development Corporation Ltd.	Financial	NCD	5.6%
Power Finance Corporation Ltd.	Financial	Debenture	5.6%
National Bank For Agriculture & Rural Development	Financial	Bonds/NCD	5.6%
National Housing Bank	Financial	NCD	5.5%
REC Ltd.	Financial	Debenture	5.5%
Indian Oil Corporation Ltd.	Energy	CP	5.5%

Rank (total assets)	#13 in India
Total AUM	₹70,165.29Cr

Date of Incorporation	30 Nov 2007

Fund benchmark	NIFTY Banking and PSU Debt TRI

No.11, 2nd floor, 80 FT Road
4th Block, S.T Bed, Koramangala
Bengaluru – 560034
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Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹183.21Cr