- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Banking and PSU Fund (Growth)
Formerly Mirae Asset Banking & PSU Reg Gr
Mirae Asset Banking and PSU Fund (Growth)
₹ 11.758
NAV (Apr 16)
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 11.758
NAV (Apr 16)
Fund Returns
Last 1Y | 6.4% |
Last 3Y | 4.7% |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 4.4% |
6 Month CAGR | 3.7% |
Scheme Information
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 (4y ago) | Jul 24, 2020 |
AUM in Crores | 60.348 |
ISIN | INF769K01FV5 |
Lock-in | No Lock-in |
Benchmark | CRISIL Banking and PSU Debt TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1.2 |
Standard Deviation (5yr) | 0 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -0.607 |
Sharpe Ratio (5yr) | 0 |
YTM | 7.54 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Banking and PSU Fund (Growth) | 8,19,921 | 87,309 | 4.7% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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
Top Debt Holdings
7.18% govt stock 2033
10%housing and urban development corporation ltd.
8.3%small industries development bank of india
8.2%power finance corporation ltd.
8.2%power grid corporation of india limited
6.7%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 4,923 cr | ||
₹ 10,293 cr | ||
₹ 35,428 cr | ||
₹ 13,848 cr | ||
₹ 13,895 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
18.3% | 18.8% | ||
17.5% | 18.2% | ||
24.1% | 27.1% | ||
15.4% | 21.1% | ||
10.7% | 11.3% |
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 4.4% 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 4/16/2024 is ₹11.76 with the total AUM as of 4/18/2024 is ₹60.348. 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 6.4% 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)?
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 0.81% for regular plan.