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Mirae Asset Banking and PSU Fund Direct Growth
Debt
Banking and PSU
Moderate Risk
+7.52%
3Y annualised
+0.04% 1D
NAV: 27 Feb '26
₹13.70
Min. for SIP
₹99
Fund size
₹44.03 Cr
Expense ratio
0.35%
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹30,300 | +1.00% | |
| 1 year | ₹60,000 | ₹61,416 | +2.36% | |
| 3 years | ₹1,80,000 | ₹1,99,425 | +10.79% | |
| 5 years | ₹3,00,000 | ₹3,53,792 | +17.93% |
Holdings (22)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| Axis Bank Ltd. | Financial | CD | 9.03% |
| GOI | Sovereign | GOI Sec | 8.09% |
| Export-Import Bank Of India | Financial | Bonds | 6.87% |
| Small Industries Devp. Bank of India Ltd. | Financial | CD | 5.67% |
| HDFC Bank Ltd. | Financial | Debenture | 4.66% |
| Indian Railway Finance Corporation Ltd. | Financial | NCD | 4.59% |
| HDFC Bank Ltd. | Financial | NCD | 4.45% |
| National Bank For Agriculture & Rural Development | Financial | Bonds | 4.11% |
| National Bank For Agriculture & Rural Development | Financial | Debenture | 3.44% |
| REC Ltd. | Financial | Debenture | 3.42% |
| Small Industries Devp. Bank of India Ltd. | Financial | Bonds/NCD | 3.42% |
| Housing & Urban Development Corporation Ltd. | Financial | Debenture | 3.34% |
| Power Finance Corporation Ltd. | Financial | Debenture | 2.31% |
| Indian Railway Finance Corporation Ltd. | Financial | Bonds | 2.29% |
| Power Finance Corporation Ltd. | Financial | Bonds | 2.29% |
| India Infrastructure Finance Company Ltd. | Construction | Debenture | 2.28% |
| Power Finance Corporation Ltd. | Financial | Debenture | 2.28% |
| Export-Import Bank Of India | Financial | Debenture | 2.28% |
| Mindspace Business Parks REIT | Construction | Debenture | 2.25% |
| REC Ltd. | Financial | Bonds | 2.24% |
| National Bank For Agriculture & Rural Development | Financial | CD | 2.03% |
| National Housing Bank | Financial | NCD | 1.14% |
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 | +7.2% | +7.5% | +6.2% | +5.8% |
| Category average (Debt Banking and PSU) | +7.4% | +7.3% | +5.7% | -- |
| Rank (Debt Banking and PSU) | 18 | 16 | 16 | -- |
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 | +7.62% | +7.92% | 9,583.50 | |
UTI Banking & PSU Fund Direct Growth | +7.68% | +7.76% | 1,101.43 | |
Axis Banking & PSU Debt Direct Plan Growth | +7.44% | +7.55% | 13,093.52 | |
TRUSTMF Banking & PSU Fund Direct Growth | +7.26% | +7.52% | 130.72 | |
Bandhan Banking and PSU Fund Direct Growth | +7.04% | +7.48% | 12,553.48 | |
| Compare | ||||
Fund management
KCKruti ChhetaFeb 2024 - PresentView details
KC
Kruti Chheta
Feb 2024 - Present
View details
BBBasant BafnaJan 2023 - PresentView details
BB
Basant Bafna
Jan 2023 - 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 ₹2,21,014 Cr and the Latest NAV as of 27 Feb 2026 is ₹13.70.
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₹2,21,013.51 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,