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Invest in direct mutual funds at zero charges via lump sump investments or SIPs
Mirae Asset Banking and PSU Fund Direct Growth
+7.00%
3Y annualised
-0.01% 1D
NAV: 20 Jul '26
₹13.97
Min. for SIP
₹99
Fund size (AUM)
₹40.40 Cr
Expense ratio
0.36%
Rating
2
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹30,436 | +1.45% | |
| 1 year | ₹60,000 | ₹61,463 | +2.44% | |
| 3 years | ₹1,80,000 | ₹1,97,970 | +9.98% | |
| 5 years | ₹3,00,000 | ₹3,52,793 | +17.60% |
Holdings (28)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| GOVERNMENT OF INDIA 36574 GOI 06OT35 6.48 FV RS 100 | Entities | GOI Securities | 9.71% |
| KOTAK MAHINDRA BANK LIMITED CD 12FEB27 | Financial | Certificate of Deposit | 7.13% |
| Repo | Unspecified | Repo | 6.24% |
| INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 175 7.57 BD 18AP29 FVRS1LAC | Financial | Non Convertible Debenture | 5.02% |
| POWER FINANCE CORPORATION LTD. SR-172 7.74 BD 29JN28 FVRS10LAC | Financial | Non Convertible Debenture | 4.99% |
| REC LIMITED SR 248A 6.52 BD 31JN28 FVRS1LAC | Financial | Debenture | 4.91% |
| HDFC BANK LIMITED SR 1 6.44 BD 27SP28 FVRS10LAC | Financial | Non Convertible Debenture | 4.87% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC | Financial | Bonds | 4.48% |
| NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 24H 7.62 BD 10MY29 FVRS1LAC | Financial | Debenture | 3.75% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 7.47 BD 05SP29 FVRS1LAC | Financial | Bonds/NCDs | 3.74% |
| NATIONAL HOUSING BANK 7.59 BD 14JL27 FVRS1LAC | Financial | Debenture | 3.74% |
| HOUSING AND URBAN DEVELOPMENT CORPORATION LIMITED SR D 7.12 NCD 26DC34 FVRS1LAC | Financial | Debenture | 3.66% |
| INDIAN BANK CD 12JAN27 | Financial | Certificate of Deposit | 3.58% |
| Net Receivables | Unspecified | Net Receivables | 2.75% |
| POWER FINANCE CORPORATION LTD. SR-177 7.85 BD 03AP28 FVRS10LAC | Financial | Debenture | 2.51% |
| POWER FINANCE CORPORATION LIMITED SR 246A 7.42 BD 15AP28 FVRS1LAC | Financial | Bonds | 2.49% |
| KNOWLEDGE REALTY TRUST 7.5378 NCD 08MY29 FVRS1LAC | Real Estate | Non Convertible Debenture | 2.49% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR IX 7.68 BD 10AG27 FVRS1LAC | Financial | Debenture | 2.48% |
| INDIA INFRASTRUCTURE FINANCE COMPANY LIMITED 7.56 NCD 20MR28 FVRS1LAC | Industrials | Debenture | 2.48% |
| Export-Import Bank Of India 7.22 03/08/2027 | Financial | Debenture | 2.48% |
| REC LIMITED SR 251 6.95 BD 18FB28 FVRS1LAC | Financial | Bonds | 2.47% |
| REC LIMITED SR 247 A 6.87 BD 31MY30 FVRS1LAC | Financial | Bonds | 2.46% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA SR II 6.74 BD 10JN29 FVRS1LAC | Financial | Debenture | 2.45% |
| GOVERNMENT OF INDIA 34238 GOI 22AP64 7.34 FV RS 100 | Entities | GOI Securities | 2.45% |
| ICICI BANK LIMITED CD 12FEB27 | Financial | Certificate of Deposit | 2.38% |
| HDFC BANK LIMITED CD 12MAR27 | Financial | Certificate of Deposit | 2.36% |
| NATIONAL HOUSING BANK 7.59 BD 08SP27 FVRS1LAC | Financial | Non Convertible Debenture | 1.25% |
| Others Class A2 AIF | Unspecified | Alternative Investment Fund | 0.70% |
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 | +4.6% | +7.0% | +6.0% | +5.7% |
| Category average (Debt Banking and PSU) | +7.4% | +7.3% | +5.7% | -- |
| Rank (Debt Banking and PSU) | 18 | 17 | 15 | -- |
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) | |
|---|---|---|---|---|
 | +6.11% | +7.53% | 583.95 | |
 | +5.59% | +7.48% | 8,823.38 | |
 | +5.66% | +7.28% | 1,100.58 | |
 | +4.85% | +7.19% | 8,963.04 | |
 | +5.56% | +7.18% | 12,172.21 | |
| Compare | ||||
Fund management
KCKruti ChhetaFeb 2024 - PresentView details
KC
Kruti Chheta
Feb 2024 - Present
View details
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 ₹2,27,269 Cr and the Latest NAV as of 20 Jul 2026 is ₹13.97.
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.
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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
Fund house
Rank (total assets)#13 in India
Total AUM₹2,27,268.56 Cr
Date of Incorporation30 Nov 2007
Launch Date30 Nov 2007
AddressUnit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,