October 11, 2025
RA Jainee
Mirae Asset Banking and PSU Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 13.4779
NAV IDCW: Rs 13.4728
Suitable For Which Investors?
Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.
Fund’s Investment Strategy:
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 Manager:
1) Kruti Chheta
Education: Ms. Chheta has done BAF (Finance and Accounts) and MBA (Finance).
Experience: Prior to joining Mirae Asset Mutual Fund, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 99 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Mirae Asset Banking and PSU Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 24-Jul-20 |
| Return Since Launch | 5.89% |
| Benchmark | CRISIL Banking and PSU Debt A-II |
| Riskometer | Moderate |
| Type | Open-ended |
| Assets | Rs 48 Cr |
| (As on 31-Aug-2025) | |
| Expense | 0.36% |
| (As on 30-Sep-2025) | |
| Risk Grade | Above Average |
| Return Grade | Average |
| Return Grade: | Below Average |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Banking and PSU Dir | 6.39 | -0.01 | 0.72 | 1.08 | 3.24 | 8.04 | 7.72 | 6.00 | — | — |
| CCIL T Bill Liquidity Weight | 3.77 | -0.01 | 0.37 | 0.90 | 2.27 | 4.72 | 4.61 | 3.61 | — | — |
| Debt: Banking and PSU | 6.63 | -0.02 | 0.78 | 1.27 | 3.54 | 8.12 | 7.85 | 6.24 | — | — |
| Rank within category | 19 | 10 | 17 | 21 | 20 | 16 | 17 | 14 | — | — |
| Number of funds in category | 22 | 22 | 22 | 22 | 22 | 22 | 21 | 17 | 16 | 13 |
Peer Comparison of Mirae Asset Banking and PSU Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | |
| Mirae Asset Banking and PSU Dir | 2 star | 8.04 | 7.72 | 6 | 0.36 | 48 | 5.89 | — | 5Y 2M |
| Bandhan Banking and PSU Dir | 4 star | 7.86 | 7.58 | 6.12 | 0.36 | 13,082 | 7.81 | — | 12Y 7M |
| Axis Banking & PSU Debt Dir | 4 star | 8.21 | 7.67 | 6.11 | 0.35 | 13,056 | 7.86 | — | 12Y 9M |
| ICICI Pru Banking & PSU Debt Dir | 5 star | 8.44 | 8.02 | 6.8 | 0.39 | 9,744 | 8.21 | — | 12Y 9M |
| ABSL Banking & PSU Debt Dir | 4 star | 8.14 | 7.92 | 6.41 | 0.39 | 9,057 | 8.45 | — | 12Y 9M |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 26 | 26 |
| Macaulay Duration (yrs) | 2.97 | 3.25 |
| Average Maturity (yrs) | 3.59 | 4.41 |
| Yield to Maturity (%) | 6.58 | 6.76 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Banking and PSU Fund
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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