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Mirae Asset Banking and PSU Fund(IDCW)

IDCW
12.410.14% (+0.02)
Investment Checklist

Returns

Fund's average annual rolling returns over the last three years is compared against the funds from the same category

Fund has been able to generate better returns compared to other funds in the same category

Expense Ratio

Expense Ratio is the fee paid by investors of Mutual Funds. Fund's expense ratio is compared against the expense ratio of other funds in the same category to check if the fund is charging more or less compared to other funds in the same category

Less expense ratio implies better returns over the long term

Return vs FD Rates

If fund's return is lower than the average fixed deposit rates offered by banks, investors are better off investing the amount in a FD

Fund has not been able to generate better price return than bank FD

Red Flags

We check for various red flags on fund's portfolio holdings like - ratings for debt securities, pledging of promoter shares in the company, default probabiity of the company, stocks presense in negative lists published by the exchanges etc. Checkout the Holdings section in the Portfolio tab for full list of securties with red flags

Total holdings with red flags is insignificant

Mirae Asset Banking and PSU Fund(IDCW)

IDCW
DebtBanking & PSU Fund
Small-size FundAssets Under Mgmt: ₹ 58 Cr
Moderate RiskPrinciple investment will be at moderate risk
12.410.14% (+0.02)

Price Chart

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Returns
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1M
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5Y
Max
SIP
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1M
6M
1Y
3Y
5Y
Max
SIP
Investment Checklist

Returns

Fund's average annual rolling returns over the last three years is compared against the funds from the same category

Fund has been able to generate better returns compared to other funds in the same category

Expense Ratio

Expense Ratio is the fee paid by investors of Mutual Funds. Fund's expense ratio is compared against the expense ratio of other funds in the same category to check if the fund is charging more or less compared to other funds in the same category

Less expense ratio implies better returns over the long term

Return vs FD Rates

If fund's return is lower than the average fixed deposit rates offered by banks, investors are better off investing the amount in a FD

Fund has not been able to generate better price return than bank FD

Red Flags

We check for various red flags on fund's portfolio holdings like - ratings for debt securities, pledging of promoter shares in the company, default probabiity of the company, stocks presense in negative lists published by the exchanges etc. Checkout the Holdings section in the Portfolio tab for full list of securties with red flags

Total holdings with red flags is insignificant

DebtBanking & PSU Fund
Small-size FundAssets Under Mgmt: ₹ 58 Cr
Moderate RiskPrinciple investment will be at moderate risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.367.341.83
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
0.517.404.94

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs0.00%
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark
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About Banking & PSU Fund

Banking and PSU funds are the debt funds that lend money to banks and public sector companies only. The risk of default is less as the borrowers are of high quality. The performance also depends on the interest rates in the economy.

Peers & Comparison

Comparing 3 mutual funds from 
DebtBanking & PSU Fund

Returns

Scheme

Ratios

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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Mirae Asset Banking and PSU Fund(IDCW)7.98%5.60%5.33%
Bandhan Banking & PSU Debt Fund(DD-IDCW)0.00%0.000.44%
Axis Banking & PSU Debt Fund(W-IDCW)0.11%0.03%0.31%
Aditya Birla SL Banking & PSU Debt(IDCW-Reinv)-6.43%-6.62%0.32%

Price Comparison

Compare Mirae Asset Banking and PSU Fund(IDCW) with any MF, ETF, stock or index
Compare Mirae Asset Banking and PSU Fund(IDCW) with any MF, ETF, stock or index
Mirae Asset Banking and PSU Fund(IDCW)
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Asset Allocation

Actual

Target

Dec 2023

Mar 2024

Jun 2024

Aug 2024

ACTUAL
Cash & EquivalentsCertificate of DepositGovernment SecuritiesCorporate Debt0.42%4.00%8.91%15.81%70.85%

Dec 2023

Mar 2024

Jun 2024

Aug 2024

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Sector Distribution

+4 morePrivate BanksHome FinancingG-SecConsumer FinancePublic Banks12.02 %5.92 %9.90 %15.81 %22.42 %33.93 %

Dec 2023

Mar 2024

Jun 2024

Aug 2024

Tickertape Separator

Sector Weightage

Jun 23Sep 23Dec 23Mar 24Jun 24Aug 2426.42%32.35%34.81%14.89%29.59%33.93%
Public Banks as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Debt

Others

  • Constituent
    Holding Weight
    3M Change
  • 7.1% Government of India (08/04/2034)
    Sov
    3M change : -5.33 %|Sov

    Holdings

    9.20 %

    -5.33 %
  • 7.54% Housing & Urban Development Corporation Limited (11/02/2026)
    ICRA AAA
    3M change : 0.13 %|ICRA AAA

    Holdings

    8.61 %

    0.13 %
  • 7.68% Small Industries Dev Bank of India (10/09/2027) **
    CRISIL AAA
    3M change : 6.05 %|CRISIL AAA

    Holdings

    6.05 %

    6.05 %

AMC Profile

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

  • No.of Schemes

    39

  • Total AUM

    ₹ 1,86,568.50 Cr.

Fund Manager Profile

Kruti Chheta

AUM:  ₹58.15 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: 7yrs

Qualification

MMS, B.Com

Past Experience

Ms. Kruti Chheta has over 7 years of experience in fixed income market & has been associated with Mirae Asset Investment Managers (India) Pvt Ltd. for over 4 years as a fixed income analyst. Her responsibilities as part of the investment team included leading the research for managing debt fund.Prior to joining the AMC, Ms. Chheta has been associated with AK Capital and Shriram Wealth Advisors. At AK Capital, Ms. Chheta was Fixed Income Analyst for the tenure of 1 year in a client advisory role, assisting large pension funds with research on fixed income investment opportunities. At Shriram Wealth Advisors, Ms. Chheta was a Research Analyst for tenure of 2Y advising Shriram Life Ins co.

Funds Managed (4)

Manager Performance (0)

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Tax Implications

Invested period < 2 years

Gains are added to taxable income and taxed according to the individual’s income tax slab

Invested period > 2 years(Investments from 1st April 2023)

Gains are added to taxable income and taxed according to the individual’s income tax slab

Invested period > 2 years(Investments before 1st April 2023)

Gains are treated as long-term capital gains and taxed at 12.5%

Let’s calculate your returns after tax

Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.
Annual Income
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Opinions and Fund Reviews

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Mirae Asset Banking and PSU Debt Fund

4 years ago•Mirae Asset Mutual Fund