• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset Banking and PSU Fund (Growth)

Formerly Mirae Asset Banking & PSU Reg Gr

Mirae Asset Mutual Fund

Mirae Asset Banking and PSU Fund (Growth)

DebtBanking And Psu

11.8801

NAV (May 28)

4.6%
Till Date CAGR
Scripbox Opinion
Not Reviewed yet
Our analysis of this fundLearn how we rate funds ->

Fund Size

Rolling Returns

Scripbox Recommended Debt Funds
Want the Debt funds that are right for your short term investment needs?Learn more

Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

11.8801

NAV (May 28)

Fund Returns

Last 1Y
6.3%
Last 3Y
4.8%
Last 5Y
NA
Last 10Y
NA
Since Inception
4.6%
6 Month CAGR
4%

Scheme Information

Investment Objective

The investment objective of the scheme is 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.

Expense Ratio
0.82
Launched (4y ago)
Jul 24, 2020
AUM in Crores
58.689
ISIN
INF769K01FV5
Lock-in
No Lock-in
Benchmark
CRISIL Banking and PSU Debt TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
1.1
Standard Deviation (5yr)
0
Beta (3yr)
0
Beta (5yr)
0
Sharpe Ratio (3yr)
-0.836
Sharpe Ratio (5yr)
0
YTM
7.58
Fund Managers

Kruti Chheta

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Mirae Asset Banking and PSU Fund (Growth)70%8,21,924 89,3124.8%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.

Asset allocation and Holdings

Last updated on 2024-05-28

Top Debt Holdings

7.1% govt stock 2034

10.3%
10.3%

housing and urban development corporation ltd.

8.5%
8.5%

small industries development bank of india

8.5%
8.5%

power grid corporation of india limited

6.8%
6.8%

net receivables / (payables)

6.2%
6.2%
See all holdings

Comparison with Debt Funds

Fund NameFund SizeRolling Returns
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)
Bandhan CRISIL IBX Gilt April 2028 Index fund (G)

₹ 4,984 cr

₹ 10,779 cr

₹ 49,300 cr

₹ 14,459 cr

₹ 14,796 cr

amc-img

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 165,814 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 35 equity,48 debt and 9 hybrid funds.amc-img
phone-img022-67800300
Fund NameScripbox Opinion
Till Date CAGR

17%

19.1%

16.2%

18.5%

22.7%

27.7%

14.1%

21.1%

10.2%

11.5%

Mirae Asset Banking and PSU Fund (G) Review

Mirae Asset Banking and PSU Fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 4.6% over a period of 3 years. The fund was previously known as Mirae Asset Banking & PSU Reg Gr. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Kruti Chheta.

Nav of Mirae Asset Banking and PSU Fund (G) as of 5/28/2024 is ₹11.88 with the total AUM as of 5/29/2024 is ₹58.689. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Banking and PSU Fund (G) was launched on Jul 24, 2020. The category risk of the fund is Moderate Risk.

The minimum SIP amount for Mirae Asset Banking and PSU Fund (G) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.

Mirae Asset Banking and PSU Fund (G) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to CRISIL Banking and PSU Debt TR INR.

Mirae Asset Banking and PSU Fund (G) is rated as a 0 fund in Debt and delivered 6.3% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Banking and PSU Fund (G).

Frequently Asked Questions

What is Mirae Asset Banking and PSU Fund (G)?

Mirae Asset Banking and PSU Fund (G) is a Banking And Psu Debt scheme predominantly investing across Debt instruments with an investment objective to generate wealth over the long term.

How to invest in Mirae Asset Banking and PSU Fund (G)?

You can invest in Mirae Asset Banking and PSU Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Mirae Asset Banking and PSU Fund (G)?

The minimum sip amount for Mirae Asset Banking and PSU Fund (G) is ₹1000. You can invest in multiples of ₹5000.

Is Mirae Asset Banking and PSU Fund (G) good to invest in?

As per Scripbox experts, Mirae Asset Banking and PSU Fund (G) is a Not Reviewed Yet fund. You can investMirae Asset Banking and PSU Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

What is the expense ratio of the Mirae Asset Banking and PSU Fund (G)?

The expense ratio of the Mirae Asset Banking and PSU Fund (G) is 0.82% for regular plan.