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Fixed IncomeBanking & PSU

Mirae Asset Banking and PSU Fund Direct Growth

3Y Annualised

7.79%

-0.11% 1D

Fund Performance

Fund Multiplier

Fund Info

Peer Comparison

Fund Managers

AMC Details

Performance

1M Returns

1.07%

-0.11% 1D

Benchmark

Nifty 50 Index Fund

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

This Fund

9 years 3 months

NIFTY 50

4 years 6 months

FD

9 years 7 months

Fund info

Fund size

₹46.59 Cr

Min. SIP amount

₹1000

Min. Lumpsum amount

₹5000

Exit load

0%

Nil

Risk Profile

Low to Moderate Risk

Fund Managers

MJ
Mahendra JajooFund Manager Since 24 Jul 2020

About Mirae Asset Banking and PSU Fund Direct Growth

Mirae Asset Banking and PSU Fund Direct Growth is a Fixed Income mutual fund scheme from Mirae Asset Investment Managers (India) Private Limited. This fund has been in existence for 4 years, having been launched on 2020-07-24. Mirae Asset Banking and PSU Fund Direct Growth has ₹46.59 Cr worth of assets under management (AUM) as of Thu Jun 12 2025. The latest Net Asset Value (NAV) of Mirae Asset Banking and PSU Fund Direct Growth as of Wed Jun 11 2025 is ₹13.286. The fund has an expense ratio of 0.35%, which is medium comparable to most other Fixed Income funds.

Mirae Asset Banking and PSU Fund Direct Growth returns for the last 1 year are 9.76%. Since launch, it has delivered 5.99% average annual returns.

The Mirae Asset Banking and PSU Fund Direct Growth has the majority of its money invested in null sectors.

Top 5 Holdings of Mirae Asset Banking and PSU Fund Direct Growth.

  1. 6.79% Govt Stock 2034: 15.23%
  2. Export-Import Bank of India 7.4%: 7.46%
  3. Mahanagar Telephone Nigam Limited: 6.07%
  4. Indian Railway Finance Corporation Limited: 4.28%
  5. Small Industries Development Bank Of India: 4.26%

AMC Information

NameMirae Asset Investment Managers (India) Private Limited
Founding Date2020-07-24
Emailcustomercare@miraeasset.com
Phone022-6780 0300
Websitewww.miraeassetmf.co.in
AddressMirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098

Tax Implications of Mirae Asset Banking and PSU Fund Direct Growth

Short Term GainsIncome tax rate applicable to the Unitholders as per their income slabs.
Long Term GainsIncome tax rate applicable to the Unitholders as per their income slabs.

Similar Funds from Mirae Asset Investment Managers (India) Private Limited

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₹1,000+ cr

AUM

1+ Lac

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