What is the current price / NAV of Mirae Asset Banking and PSU Fund?
The current NAV of Mirae Asset Banking and PSU Fund is ₹13.30, as of 21st May 2025.What are the returns of Mirae Asset Banking and PSU Fund?
The Mirae Asset Banking and PSU Fund was launched on 1st January 1970. This mutual fund's past returns are as follows:- 1 Year Returns: 10.27%
- 3 Year Returns: 7.88%
What are the top 5 sectoral holdings of Mirae Asset Banking and PSU Fund?
The top sectors Mirae Asset Banking and PSU Fund has invested in are as follows:- Public Banks | 29.37%
- Consumer Finance | 24.18%
- G-Sec | 21.30%
- Private Banks | 8.66%
- Telecom Services | 6.22%
What are the top 5 holdings of Mirae Asset Banking and PSU Fund?
The top 5 holdings for Mirae Asset Banking and PSU Fund are as follows:- 6.79% Government of India (07/10/2034) | 14.48%
- 7.4% Export Import Bank of India (14/03/2029) ** | 7.66%
- 6.85% Mahanagar Telephone Nigam Limited (20/12/2030) ** | 6.22%
- 7.34% Government of India (22/04/2064) | 4.60%
- 7.75% Indian Railway Finance Corporation Limited (15/04/2033) ** | 4.52%
What is the asset allocation of Mirae Asset Banking and PSU Fund?
The asset allocation for Mirae Asset Banking and PSU Fund is as follows:- Corporate Debt | 73.87%
- Government Securities | 21.30%
- Cash & Equivalents | 4.27%
- N/A | 0.57%
What is the AUM of Mirae Asset Banking and PSU Fund?
The AUM (i.e. assets under management) of Mirae Asset Banking and PSU Fund is ₹46.59 Cr as of 21st May 2025.What is the expense ratio of Mirae Asset Banking and PSU Fund?
The expense ratio of Mirae Asset Banking and PSU Fund Plan is 0.35 as of 21st May 2025.What is the alpha ratio of Mirae Asset Banking and PSU Fund?
The alpha ratio for the Mirae Asset Banking and PSU Fund is 0.47
Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.
What is the volatility or standard deviation of Mirae Asset Banking and PSU Fund?
The volatility or standard deviation for the Mirae Asset Banking and PSU Fund is 1.10
Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.
What is the sharpe ratio of Mirae Asset Banking and PSU Fund?
The Sharpe ratio for the Mirae Asset Banking and PSU Fund is 5.38
The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.
What is the Sortino ratio of Mirae Asset Banking and PSU Fund?
The Sortino Ratio for the Mirae Asset Banking and PSU Fund is 0.72
The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.
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Mirae Asset Banking and PSU Fund Direct Growth
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Mirae Asset Banking and PSU Fund Performance & Key Metrics
| Expense RatioExpense Ratio | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.35 | 6.81 | 5.38 |
| No LabelNo Label | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.50 | 6.80 | 5.52 |
Mirae Asset Banking and PSU Fund Scheme Info
| PlanPlan | Lock inLock in | Exit LoadExit Load |
|---|---|---|
| Growth | 0 yrs | 0.00% |
| SIP Inv.SIP Inv. | Min. LumpsumMin. Lumpsum |
|---|---|
| Allowed | ₹ 5,000 |
| BenchmarkBenchmark |
|---|
| CRISIL Banking and PSU Debt Index |
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.
Mirae Asset Banking and PSU Fund Peers & Comparison
DebtBanking & PSU Fund
Returns
Scheme
Ratios
| Mutual Fund | 1Y Returns1Y Returns | 3Y CAGR3Y CAGR | Life CAGRLife CAGR |
|---|---|---|---|
| Mirae Asset Banking and PSU Fund | 10.27% | 7.88% | 6.08% |
| Bandhan Banking & PSU Debt Fund | 9.47% | 7.62% | 7.90% |
| Axis Banking & PSU Debt Fund | 9.69% | 7.54% | 7.95% |
| ICICI Pru Banking & PSU Debt Fund | 9.70% | 8.25% | 8.31% |
Mirae Asset Banking and PSU Fund Returns Comparison
Compare Mirae Asset Banking and PSU Fund with any MF, ETF, stock or index
Hmm, looks like data is unavailable here. Please come back after some timeMirae Asset Banking and PSU Fund Asset Allocation
Actual
Target
Sep 2024
Dec 2024
Mar 2025
Apr 2025
Sep 2024
Dec 2024
Mar 2025
Apr 2025
Mirae Asset Banking and PSU Fund Sector Distribution
Sep 2024
Dec 2024
Mar 2025
Apr 2025
Mirae Asset Banking and PSU Fund Sector Weightage
Mirae Asset Banking and PSU Fund Current Holdings
Debt
Others
- ConstituentHolding Weight3M Change
Holdings
14.48 %
-0.72 %Holdings
7.66 %
0.34 %Holdings
6.22 %
0.30 %
AMC Profile of Mirae Asset Banking and PSU Fund
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
48
Total AUM
₹ 1,83,039.90 Cr.
Mirae Asset Banking and PSU Fund Fund Manager Profile
Kruti Chheta
AUM: ₹130.58 Cr.
|
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 (6)
Mirae Asset Banking and PSU Fund Manager Performance (0)
Mirae Asset Banking and PSU Fund Tax Implications
Investment frequency
Monthly
One Time
Monthly Investment Amt. (₹)
Investment period (years)
You make
Gains are added to taxable income and taxed according to the individual’s income tax slab
Gains are added to taxable income and taxed according to the individual’s income tax slab
Gains are treated as long-term capital gains and taxed at 12.5%