• Home
  • Mutual Funds
  • Mirae Asset Banking and PSU Fund Growth

Return

  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • 5Y
This Fund:
Sensex:
BankFD:

Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹99 & Lump. ₹5000

AUM (Fund size)

₹43 Cr

Lock In Period

N/A

Expense Ratio

0.8

Benchmark

CRISIL Banking and PSU Debt A-II Index

Exit Load

Nil

Summary

Latest details for Mirae Asset Banking and PSU Fund Growth include a ₹13.3829 NAV as of Apr 22,2026 and returns since inception of 20.97%. Minimum investments start at SIP ₹99. The Mirae Asset Banking and PSU Fund Growth AUM is ₹43 Cr, with a lock-in of N/A years, expense ratio of 0.8%, and benchmark CRISIL Banking and PSU Debt A-II Index. Exit load is - Nil. In the growth review for 1M Month/Year, the fund recorded 0.32% returns, against a category average of 0.77% and a category best of 3.10%.

Calculate Returns

You would have got

close_grey_icon
No Data Found
Your Investment Amount
  • 1
  • 2
  • 3
  • 4
  • 5

Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M0.320.773.10
6M1.351.4811.87
1Y4.045.1121.71
3Y6.5513.71142.24

Portfolio Analysis

  • Equity:
  • Debt: 99.33%
  • Others
As on: 2026-03-31
View allocation % by

1. 6.48% Government of India (MD 06/10/2035)10.06%
2. TREPS7.09%
3. 7.35% Export-Import Bank of India (MD 27/07/2028)6.96%
4. Canara Bank (MD 03/06/2026)6.88%
5. Kotak Mahindra Bank Ltd. (MD 12/02/2027)6.56%
6. 7.57% Indian Railway Finance Corporation Ltd. (MD 18/04/2029)4.65%
7. 6.44% HDFC Bank Ltd. (MD 27/09/2028)4.52%
8. 7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028)4.17%
9. 7.62% National Bank for Agriculture and Rural Development (MD 10/05/2029)3.49%
10. 7.47% Small Industries Development Bank of India (MD 05/09/2029)3.47%
11. 7.12% Housing and Urban Development Corporation Ltd. (MD 26/12/2034)3.35%
12. Net Receivables / (Payables)2.51%
13. 7.74% Power Finance Corporation Ltd. (MD 29/01/2028)2.33%
14. 7.68% Small Industries Development Bank of India (MD 10/08/2027)2.33%
15. 7.42% Power Finance Corporation Ltd. (MD 15/04/2028)2.32%
16. 7.56% India Infrastructure Finance Company Ltd. (MD 20/03/2028)2.32%
17. 7.22% Export-Import Bank of India (MD 03/08/2027)2.32%
18. 7.54% Knowledge Realty Trust (MD 08/05/2029)2.31%
19. 6.95% REC Ltd. (MD 18/02/2028)2.30%
20. 6.79% Government of India (MD 07/10/2034)2.28%
21. 7.15% Mindspace Business Parks Reit (MD 15/11/2030)2.28%
22. 6.87% REC Ltd. (MD 31/05/2030)2.27%
23. ICICI Bank Ltd. (MD 12/02/2027)2.19%
24. Small Industries Development Bank of India (MD 18/02/2027)2.18%
25. 7.59% National Housing Bank (MD 08/09/2027)1.16%

1. 7.97% HDFC Bank Ltd. (MD 17/02/2033)4.69%

1. 7.85% Power Finance Corporation Ltd. (MD 03/04/2028)2.34%

About Fund

Mirae Asset Banking and PSU Fund Growth managed by Mirae Asset Mutual Fund,is a Debt - Incomescheme with Assets Under Management of ₹43 Crore. The fund benchmarks its performance against the CRISIL Banking and PSU Debt A-II Index while maintaining an expense ratio of 0.8. Under the expert guidance of Kruti Chheta ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Kruti Chheta

Ms. Kruti Chheta has done BAF (Finance and Accounts) and MBA (Finance). Prior to joining Chheta, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.

Peer Comparison

Fund NameRatingsAUMExpense Ratio
This FundCanara Robeco Banking and PSU Debt Fund Growth0186.47 CR0.73
This FundTRUSTMF Corporate Bond Fund Growth0120.83 CR0.65
This FundMirae Asset Banking and PSU Fund Growth042.53 CR0.8
Fund Name1Y3Y
This FundCanara Robeco Banking and PSU Debt Fund Growth4.391120.569
This FundTRUSTMF Corporate Bond Fund Growth4.475320.9612
This FundMirae Asset Banking and PSU Fund Growth4.039620.9674

FAQs

Mirae Asset Banking and PSU Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of Mirae Asset Banking and PSU Fund Growth is 0.8. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

Mirae Asset Banking and PSU Fund Growth’s fund performance is as follows:
  • 1 Month : 0.32%
  • 6 Months : 1.35%
  • 1 Year : 4.04%
  • 3 Years : 6.55%
Returns of Mirae Asset Banking and PSU Fund Growth are updated daily based on NAV of ₹ 13.3829 as on Apr 22,2026. Since inception, the return has been 20.97%.

You can invest in Mirae Asset Banking and PSU Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of Mirae Asset Banking and PSU Fund Growth is ₹43 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in Mirae Asset Banking and PSU Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500