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

Mirae Asset Banking and PSU Debt Fund (Growth)

DebtBanking And Psu

10.5325

NAV (Jun 24)

2.7%
Till Date CAGR
Scripbox Opinion
Neutral
Click here for top ranked funds in banking and psu mutual funds.

However, Scripbox does not recommend investing in banking and psu mutual funds.

Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.

They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.

The category accounts for close to 8% of the total assets in the Debt Segment.

We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.

Our analysis of this fundLearn how we rate funds ->

Track Record

2 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.

Relative Size

117 Cr. Small within the category

Impact of Interest Rate Changes

Low Interest Rate Risk. The impact on fund value is quite low when interest rates change

Credit Quality Of Fund's Portfolio

Low Credit Risk. The fund has a high credit quality compared to other debt funds

Scripbox Recommended Debt Funds

Want the floating rate 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

10.5325

NAV (Jun 24)

Fund Returns

Last 1Y

1.8%

Last 3Y

NA

Last 5Y

NA

Last 10Y

NA

Since Inception

2.7%

6 Month CAGR

0%

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

0.81

Launched (2y ago)

Jul 24, 2020

AUM in Crores

116.603

ISIN

INF769K01FV5

Lock-in

No Lock-in

Benchmark

CRISIL Banking and PSU Debt TR INR

SIP Minimum

1000

Lumpsum Min.

5000

Fund Managers

Mahendra Jajoo

Fund Manager

Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%965,796 233,18411.25%
EPF70% 900,761 168,1498.50%
Property70% 867,662 135,0507.00%
PPF70% 869,819 137,2077.10%
Bank FD70% 846,471 113,8596.00%
Gold70% 846,471 113,8596.00%
Savings Bank70% 825,950 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 2022-06-24

Top Debt Holdings

treps

19.4%
19.4%

indian bank

8.6%
8.6%

housing and urban development corporation limited

8.6%
8.6%

hindustan petroleum corporation limited

8.6%
8.6%

national housing bank

8.4%
8.4%
See all holdings

Comparison with Debt Funds

Fund NameScripbox OpinionFund SizeTrack Record
ICICI Prudential Liquid Fund (G)
ICICI Prudential Liquid Fund (G)

₹ 44,308 cr

5

₹ 14,441 cr

5

₹ 18,739 cr

5

₹ 12,059 cr

5

₹ 44,308 cr

5

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 100,291 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.

amc-img

  • 022-67800300
  • customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR

    15.8%

    17%

    14.9%

    16.5%

    17.4%

    19%

    26.6%

    18.7%

    17%

    19.7%

    Investment Calculator

    Investment Duration5 years

    0

    Total Investment

    0

    Wealth Gained

    0

    Total Corpus Created (₹)

    With CAGR of 11.25 % in 5 years

    Mirae Asset Banking and PSU Debt Fund (G) Review

    Mirae Asset Banking and PSU Debt Fund (G) is a Banking And Psu Debt fund and has delivered an annualised return of 2.7% over a period of 1 years. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Mahendra Jajoo.

    Nav of Mirae Asset Banking and PSU Debt Fund (G) as of 6/24/2022 is ₹10.53 with the total AUM as of 6/26/2022 is ₹116.603. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Banking and PSU Debt 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 Debt 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 Debt 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 Debt Fund (G) is rated as a 2 fund in Debt and delivered 1.8% 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 Debt Fund (G).

    Frequently Asked Questions

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

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

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

    You can invest in Mirae Asset Banking and PSU Debt 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 Debt Fund (G)?

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

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

    As per Scripbox experts, Mirae Asset Banking and PSU Debt Fund (G) is a Neutral fund. You can investMirae Asset Banking and PSU Debt 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 Debt Fund (G)?

    The expense ratio of the Mirae Asset Banking and PSU Debt Fund (G) is 0.81% for regular plan.