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Home>Mutual Funds>Mirae Asset Mutual Fund>Mirae Asset Banking and PSU Debt Fund Regular IDCW

Mirae Asset Banking and PSU Debt Fund Regular IDCW

Debt
Banking and PSU
Low to Moderate Risk
Payout
0.27%
1M return
+0.09% 1D
1M
6M
1Y
All
NAV: 01 Jul 2022₹10.55
Min. SIP amountNA
Rating2
Fund size₹119.51Cr

Returns and rankings

Category: Debt Banking and PSU
Absolute returns
3M6M1YAll
Fund returns-0.6%0.1%2.1%5.5%
Category averageNANA4.4%NA
Rank with in category151716NA
Understand terms

Holdings (17)

NameSectorInstrumentAssets
Hindustan Petroleum Corporation Ltd.EnergyDebenture7.1%
Power Finance Corporation Ltd.FinancialDebenture7.0%
Housing & Urban Development Corporation Ltd.FinancialNCD7.0%
National Housing Bank
FinancialNCD6.9%
Indian Bank
FinancialCD6.9%
Oil & Natural Gas Corporation Ltd.EnergyDebenture6.8%
National Bank For Agriculture & Rural DevelopmentFinancialDebenture6.8%
Indian Oil Corporation Ltd.EnergyDebenture5.2%
GOI
SovereignGOI Sec5.0%
REC Ltd.FinancialBonds3.7%
See All

Expense ratio, exit load and tax

Expense ratio: 0.81%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

Fund management

Mahendra 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.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
26 Apr 2019
Website
NA
Amc Image
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,

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FAQs

How to Invest in Mirae Asset Banking and PSU Debt Fund Regular IDCW?

You can easily invest in Mirae Asset Banking and PSU Debt Fund Regular IDCW 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 Regular IDCW 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 Regular IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Banking and PSU Debt Fund Regular IDCW provide?

The Mirae Asset Banking and PSU Debt Fund Regular IDCW has been there from 24 Jul 2020 and the average annual returns provided by this fund is 2.12% since its inception.

How much expense ratio is charged by Mirae Asset Banking and PSU Debt Fund Regular IDCW?

The term Expense Ratio used for Mirae Asset Banking and PSU Debt Fund Regular IDCW 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 Regular IDCW is 0.81% as of 02 Jul 2022...

What is the AUM of Mirae Asset Banking and PSU Debt Fund Regular IDCW?

The AUM, short for Assets Under Management of Mirae Asset Banking and PSU Debt Fund Regular IDCW is ₹119.51Cr as of 02 Jul 2022.

How to Redeem Mirae Asset Banking and PSU Debt Fund Regular IDCW?

If you want to sell your Mirae Asset Banking and PSU Debt Fund Regular IDCW 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 Regular IDCW?

You can select either SIP or Lumpsum investment of Mirae Asset Banking and PSU Debt Fund Regular IDCW based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Banking and PSU Debt Fund Regular IDCW?

The NAV of Mirae Asset Banking and PSU Debt Fund Regular IDCW is ₹10.55 as of 01 Jul 2022.

What is the PE and PB ratio of Mirae Asset Banking and PSU Debt Fund Regular IDCW?

The PE ratio ratio of Mirae Asset Banking and PSU Debt Fund Regular IDCW 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).

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