Name: Mirae Asset Banking And PSU Debt Fund Direct Growth
Brand: Mirae Asset Mutual Fund

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Mirae Asset Banking And PSU Debt Fund Direct Growth
Debt
Banking and PSU
Low to Moderate Risk
5.56%
1Y return
+0.04% 1D
1M
6M
1Y
All
 NAV: 20 Sep 2021₹10.54
Min. SIP amount₹1,000
RatingNA
Fund size₹206.26 Cr
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 returns1.5%3.5%5.6%5.4%
Category averageNANA4.4%NA
Rank with in category151515NA
Understand termsinfo
Holdings (22)NameSectorInstrumentAssets
Oil & Natural Gas Corporation Ltd.
EnergyDebenture7.3%
Indian Oil Corporation Ltd.
EnergyCP7.3%
Export-Import Bank Of India
FinancialBonds5.2%
Hindustan Petroleum Corporation Ltd.
EnergyDebenture5.1%
Power Finance Corporation Ltd.
FinancialDebenture5.0%
Housing & Urban Development Corporation Ltd.
FinancialNCD5.0%
National Bank For Agriculture & Rural Development
FinancialBonds/NCD5.0%
National Housing Bank
FinancialNCD4.9%
REC Ltd.
FinancialDebenture4.9%
Small Industries Devp. Bank of India Ltd.
FinancialBonds/NCD4.9%
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 Aug 2021 - Present
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: 0.37%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationNA
Understand termsinfo
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
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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
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Mirae Asset Mutual Fund
Rank (total assets)#13 in India
Total AUM70,165.29 Cr
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 available
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 20 Sep 2021 is ₹10.54.
The Mirae Asset Banking And PSU Debt Fund Direct Growth is rated Low to 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
descriptionScheme Information Document(SID)
Fund house contact details
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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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	3M	6M	1Y	All
Fund returns	1.5%	3.5%	5.6%	5.4%
Category average	NA	NA	4.4%	NA
Rank with in category	15	15	15	NA

Name	Sector	Instrument	Assets
Oil & Natural Gas Corporation Ltd.	Energy	Debenture	7.3%
Indian Oil Corporation Ltd.	Energy	CP	7.3%
Export-Import Bank Of India	Financial	Bonds	5.2%
Hindustan Petroleum Corporation Ltd.	Energy	Debenture	5.1%
Power Finance Corporation Ltd.	Financial	Debenture	5.0%
Housing & Urban Development Corporation Ltd.	Financial	NCD	5.0%
National Bank For Agriculture & Rural Development	Financial	Bonds/NCD	5.0%
National Housing Bank	Financial	NCD	4.9%
REC Ltd.	Financial	Debenture	4.9%
Small Industries Devp. Bank of India Ltd.	Financial	Bonds/NCD	4.9%

Min. for 1st investment	₹5,000
Min. for 2nd investment onwards	₹1,000

Rating	NA
Fund size	₹206.26 Cr