How to Invest in Mirae Asset Banking and PSU Fund Direct Growth?

You can easily invest in Mirae Asset Banking and PSU 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 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 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 Fund Direct Growth provide?

The Mirae Asset Banking and PSU Fund Direct Growth has been there from 24 Jul 2020 and the average annual returns provided by this fund is 6.92% since its inception.

How much expense ratio is charged by Mirae Asset Banking and PSU Fund Direct Growth?

The term Expense Ratio used for Mirae Asset Banking and PSU 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 Fund Direct Growth is 0.35% as of 18 Jan 2026...

What is the AUM of Mirae Asset Banking and PSU Fund Direct Growth?

The AUM, short for Assets Under Management of Mirae Asset Banking and PSU Fund Direct Growth is ₹44.77Cr as of 18 Jan 2026.

How to Redeem Mirae Asset Banking and PSU Fund Direct Growth?

If you want to sell your Mirae Asset Banking and PSU 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 Fund Direct Growth?

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

What is the NAV of Mirae Asset Banking and PSU Fund Direct Growth?

The NAV of Mirae Asset Banking and PSU Fund Direct Growth is ₹13.58 as of 16 Jan 2026.

What is the PE and PB ratio of Mirae Asset Banking and PSU Fund Direct Growth?

The PE ratio ratio of Mirae Asset Banking and PSU 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).

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Mirae Asset Banking and PSU Fund Direct Growth

Name: Mirae Asset Banking and PSU Fund Direct Growth
Brand: Mirae Asset Mutual Fund

Debt

Banking and PSU

Moderate Risk

+7.36%

3Y annualised

-0.10% 1D

All

NAV: 16 Jan '26

₹13.58

Min. SIP amount

₹99

Fund size

₹44.77 Cr

Expense ratio

0.35%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹61,306	+2.18%
3 years	₹1,80,000	₹1,99,277	+10.71%
5 years	₹3,00,000	₹3,53,082	+17.69%

Holdings (24)

Name	Sector	Instruments	Assets
GOI	Sovereign	GOI Sec	8.00%
Export-Import Bank Of India	Financial	Bonds	6.79%
National Housing Bank	Financial	Debenture	6.78%
Small Industries Devp. Bank of India Ltd.	Financial	CD	5.55%
HDFC Bank Ltd.	Financial	Debenture	4.62%
Indian Railway Finance Corporation Ltd.	Financial	NCD	4.55%
HDFC Bank Ltd.	Financial	NCD	4.40%
National Bank For Agriculture & Rural Development	Financial	Bonds	4.07%
National Bank For Agriculture & Rural Development	Financial	Debenture	3.41%
Small Industries Devp. Bank of India Ltd.	Financial	Bonds/NCD	3.40%
REC Ltd.	Financial	Debenture	3.39%
Housing & Urban Development Corporation Ltd.	Financial	Debenture	3.34%
GOI	Sovereign	GOI Sec	3.29%
Power Finance Corporation Ltd.	Financial	Debenture	2.28%
Power Finance Corporation Ltd.	Financial	Debenture	2.27%
India Infrastructure Finance Company Ltd.	Construction	Debenture	2.27%
Indian Railway Finance Corporation Ltd.	Financial	Bonds	2.26%
Power Finance Corporation Ltd.	Financial	Bonds	2.26%
Export-Import Bank Of India	Financial	Debenture	2.25%
Power Finance Corporation Ltd.	Financial	Debenture	2.25%
Mindspace Business Parks REIT	Construction	Debenture	2.23%
REC Ltd.	Financial	Debenture	2.22%
REC Ltd.	Financial	Bonds	2.22%
National Housing Bank	Financial	NCD	1.13%

See All

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹99

Returns and rankings

Annualised returns

Absolute returns

Name	1Y	3Y	5Y	All
Fund returns	+6.9%	+7.4%	+5.9%	+5.7%
Category average (Debt Banking and PSU)	+7.4%	+7.3%	+5.7%	--
Rank (Debt Banking and PSU)	19	16	14	--

Exit load, stamp duty and tax

Exit load

Nil

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

Returns are taxed as per your Income Tax slab.

Check past data

Compare similar funds

	Name	1Y	3Y	Fund Size(Cr)
	ICICI Prudential Banking & PSU Debt Direct Growth	+7.49%	+7.80%	9,727.95
	UTI Banking & PSU Fund Direct Growth	+7.72%	+7.51%	1,014.91
	TRUSTMF Banking & PSU Fund Direct Growth	+7.40%	+7.46%	131.79
	Axis Banking & PSU Debt Direct Plan Growth	+7.36%	+7.32%	13,573.62
	Bandhan Banking and PSU Fund Direct Growth	+6.99%	+7.30%	12,650.77
Compare

Fund management

KC
Kruti Chheta
Feb 2024 - Present
View details

Education

Ms. Chheta has done BAF (Finance and Accounts) and MBA (Finance).

Experience

Prior to joining Mirae Asset Mutual Fund, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.

Also manages these schemes

Mirae Asset Banking and PSU Fund Direct Growth

Mirae Asset Corporate Bond Fund Direct Growth

Mirae Asset Long Duration Fund Direct Growth

Mirae Asset Low Duration Fund Direct Growth

BB
Basant Bafna
Jan 2023 - Present
View details

Education

Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA

Experience

Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India

Also manages these schemes

Mirae Asset CRISIL IBX Financial Services 9 12 Months Debt Index Fund Direct Growth

Mirae Asset Income Plus Arbitrage Active FoF Direct Growth

Mirae Asset Equity Savings Fund Direct Growth

Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth

Mirae Asset Corporate Bond Fund Direct Growth

Mirae Asset CRISIL IBX Gilt Index April 2033 Index Fund Direct Growth

Mirae Asset Balanced Advantage Fund Direct Growth

Mirae Asset Liquid Fund Direct Growth

Mirae Asset Ultra Short Duration Fund Direct Growth

Mirae Asset Multi Asset Allocation Fund Direct Growth

Mirae Asset Dynamic Bond Fund Direct Growth

Mirae Asset Nifty SDL June 2028 Index Fund Direct Growth

Mirae Asset Money Market Fund Direct Growth

Mirae Asset Aggressive Hybrid Fund Direct Growth

Mirae Asset Banking and PSU Fund Direct Growth

Mirae Asset Short Duration Fund Direct Growth

Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth

Mirae Asset Low Duration Fund Direct Growth

About Mirae Asset Banking and PSU Fund Direct Growth

Mirae Asset Banking and PSU 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. Kruti Chheta is the Current Fund Manager of Mirae Asset Banking and PSU Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,28,206 Cr and the Latest NAV as of 16 Jan 2026 is ₹13.58. The Mirae Asset Banking and PSU Fund Direct Growth is rated Moderate risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. ;

Investment Objective

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.

Fund benchmarkCRISIL Banking and PSU Debt A-II Index

Scheme Information Document(SID)