Mirae Asset Banking and PSU Fund Direct Growth

Debt
Banking and PSU
Moderate Risk
5.19%
3Y annualised
+0.07% 1D
1M
6M
1Y
3Y
All
NAV: 21 Feb 2024₹11.84
Min. SIP amount₹1,000
Rating2
Fund size₹66.31Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Debt Banking and PSU
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA7.4%5.2%4.8%
Category averageNA7.2%5.0%NA
Rank with in categoryNA2016NA
Understand terms

Holdings (18)

NameSectorInstrumentAssets
SovereignGOI Sec9.83%
FinancialDebenture7.51%
FinancialDebenture7.50%
Small Industries Devp. Bank of India Ltd.
FinancialDebenture7.49%
National Bank For Agriculture & Rural Development
FinancialDebenture7.48%
FinancialDebenture7.44%
EnergyDebenture6.00%
REC Ltd.
FinancialDebenture5.31%
FinancialBonds/Deb5.27%
Indian Railway Finance Corporation Ltd.
FinancialNCD4.53%
See All

Pros and cons

Category: Debt Banking and PSU

Pros

Cons

Exit load is zero
Low rating: 2
Lower expense ratio: 0.37%
Average credit rating of the fund's holdings: AAA This fund has holdings of the highest quality
Consistently higher annualised returns than category average for the past 1Y and 3Y

Expense ratio, exit load and tax

Expense ratio: 0.37%

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.

Understand terms
Check past data

Minimum investment amounts

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

Fund management

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

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
30 Nov 2007
E-mail
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,

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