Mirae Asset Banking and PSU Fund-Dir (G) logo

Mirae Asset Banking and PSU Fund Direct Growth

NAV ₹13.56 as on 17 Nov 2025

RiskModerate

Fund Size₹46.09Cr

NAV₹13.56 as on 17 Nov 2025
RiskModerate
Fund Size₹46.09Cr

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Investment Details
Top Rated Funds

Lock-in

No Lock-in

Min One Time Amount

₹5,000

Min Withdrawal Amount

₹-

Min SIP Amount

₹99

Min Additional Amount

₹1,000

Exit Load

Nil

Basic Details

Age

5 years 4 months (Since Jul 24, 2020)

Return since Launch

5.89%

Expense ratio

0.36%

Type

OPEN

AUM (Fund Size)

₹46.09

Risk Grade

Moderate

Benchmark

CRISIL Banking and PSU Debt A-II Index

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Returns
Total investment of ₹2,40,000
Would have become ₹61,949 (+209.74%)
Fund Manager

Name:

Kruti Chheta

Experience:

Ms. Kruti Chheta has over 7 years of experience in the fixed income market and has been associated with Mirae Asset Investment Managers (India) Private 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 funds. Prior to joining the AMC, Ms. Chheta has been associated with AK Capital and Shriram Wealth Advisors. At AK Capital, Ms. Chheta was a 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 2 years advising Shriram Life Insurance Company.

Asset Allocation

Currently, data not available

See All

N A B A R D 9.52%

Power Fin.Corpn. 8.85%

E X I M Bank 8.84%

HDFC Bank 8.82%

TREPS 7.92%

GSEC2034 7.81%

Natl. Hous. Bank 7.71%

I R F C 6.67%

GSEC2035 6.42%

REC Ltd 5.49%

H U D C O 5.42%

S I D B I 5.34%

Net CA & Others 5.08%

S I D B I 3.33%

India Infra Fin 2.21%

CDMDF (Class A2) 0.59%

See All
Scheme Holding Summary

Debt Others

85.78%

Govt. Securities

14.22%

See All

Debt Others

National Bank for Agriculture & Rural Development

9.52%

Export-Import Bank of India

8.84%

National Housing Bank

7.71%

REC Ltd

5.49%

Small Industries Development Bank of India Ltd

5.34%

Small Industries Development Bank of India Ltd

3.33%

India Infrastructure Finance Company Ltd

2.21%

Govt. Securities

See All
RiskometerLevel of risk in the scheme
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Your investment will be at Moderate Risk

Fund house & investment objective
Rank (total assets)#10 in India
Total AUM₹2,15,433.54Cr
Date of Incorporation20 Nov 2006
Mirae Asset Banking and PSU Fund Direct Growth is a Debt Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 24 Jul 2020. The fund currently has an Asset Under Management(AUM) of ₹2,15,433.54 Cr and the Latest NAV as of 17 Nov 2025 is ₹13.56.
The Mirae Asset Banking and PSU Fund Direct Growth is rated Moderate. Minimum SIP Investment is set to ₹99 . Minimum Lumpsum Investment is ₹5,000. Exit load of Nil.
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Returns and Rankings

Category: Debt Banking and PSU Fund

1Y3Y5YAll
Fund returns8.20%2.49%1.16%1.15%
Category average7.82%2.43%1.16%-
Rank within category151515-

FAQ’s

What kind of returns does Mirae Asset Banking and PSU Fund Direct Growth provide?

Mirae Asset Banking and PSU Fund Direct Growth has given a return of 7.66% in the past 3 years.

What is the expense ratio charged by Mirae Asset Banking and PSU Fund Direct Growth?

The Expense Ratio charged by Mirae Asset Banking and PSU Fund Direct Growth is 0.36%.

What is the AUM size of Mirae Asset Banking and PSU Fund Direct Growth?

The AUM size of Mirae Asset Banking and PSU Fund Direct Growth is ₹46.09Cr.

What is the minimum SIP amount that you can invest in Mirae Asset Banking and PSU Fund Direct Growth?

₹99 is the minimum SIP amount that you can invest in Mirae Asset Banking and PSU Fund Direct Growth .

What are the top stock holdings of Mirae Asset Banking and PSU Fund Direct Growth?

The top stock holdings of Mirae Asset Banking and PSU Fund Direct Growth include , National Bank for Agriculture & Rural Development , Power Finance Corporation Ltd , Export-Import Bank of India and HDFC Bank Ltd.

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Get started with us today and
start building your wealth journey

*By clicking, I agree to the T&C and Whatsapp updates.