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Mirae Asset Banking and PSU Fund

Growth
DebtBanking & PSU Fund
Small-size FundAssets Under Mgmt: ₹ 55 Cr
Moderate RiskPrinciple investment will be at moderate risk
12.620.06% (+0.01)

Price Chart

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Returns
0.00%
1M
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SIP
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DebtBanking & PSU Fund
Small-size FundAssets Under Mgmt: ₹ 55 Cr
Moderate RiskPrinciple investment will be at moderate risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.377.265.29
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
0.507.305.56

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
Growth0 yrs0.00%
Nil
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
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.

Peers & Comparison

Comparing 3 mutual funds from 
DebtBanking & PSU Fund
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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Mirae Asset Banking and PSU Fund8.69%5.99%5.46%
Bandhan Banking & PSU Debt Fund8.21%6.23%7.79%
Axis Banking & PSU Debt Fund8.17%6.20%7.83%
Aditya Birla SL Banking & PSU Debt8.63%6.41%8.46%

Price Comparison

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

Actual

Target

Mar 2024

Jun 2024

Sep 2024

Nov 2024

ACTUAL
Cash & EquivalentsGovernment SecuritiesCorporate Debt0.47%3.96%20.03%75.55%

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Tickertape Separator

Sector Distribution

+3 moreTelecom ServicesHome FinancingG-SecConsumer FinancePublic Banks8.04 %5.26 %10.78 %20.03 %24.93 %30.97 %

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Tickertape Separator

Sector Weightage

Sep 23Dec 23Mar 24Jun 24Sep 24Nov 2432.35%34.81%14.89%29.59%35.47%30.97%
Public Banks as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Debt

Others

  • Constituent
    Holding Weight
    3M Change
  • 7.54% Housing & Urban Development Corporation Limited (11/02/2026)
    ICRA AAA
    3M change : 0.75 %|ICRA AAA

    Holdings

    9.36 %

    0.75 %
  • 6.79% Government of India (07/10/2034)
    SOVEREIGN
    3M change : 8.45 %|SOVEREIGN

    Holdings

    8.45 %

    8.45 %
  • 7.68% Small Industries Dev Bank of India (10/08/2027) **
    CRISIL AAA
    3M change : 6.58 %|CRISIL AAA

    Holdings

    6.58 %

    6.58 %

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

    43

  • Total AUM

    ₹ 1,86,225.29 Cr.

Fund Manager Profile

Kruti Chheta

AUM:  ₹55.22 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.

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%

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Investment period (years)

CAGR (%)
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