Mirae Asset Banking and PSU Debt Fund
- NAV as on 25 Sep 2026
- ₹13.65-0.04%1 day
- Return since launch
- 5.2%
- 52-week range
- ₹13.11 — ₹13.68
- AUM
- ₹39.76 Cr
Mirae Asset Banking and PSU Debt Fund is a Banking and PSU debt fund from Mirae Asset Mutual Fund with ₹39.76 Cr under management, launched in 2020. Over three years it has returned 5.6% a year, against 6.7% for its category. The expense ratio is 0.82% and the SEBI riskometer reading is Moderate.
Performance
Mirae Asset Banking and PSU Debt Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +4.1% against +4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 4.0% | −0.6 pts | 4.7% | 4.6% |
| 2Y | 4.8% | −0.5 pts | 5.3% | 5.3% |
| 3Y | 5.6% | −1.0 pts | 6.7% | 6.1% |
| 5Y | 5.9% | +0.1 pts | 5.8% | 6.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 0.0% | 0.0 pts | 0.1% | 0.1% |
| 3M | 0.5% | −0.1 pts | 0.6% | 0.6% |
| 6M | 2.7% | −0.3 pts | 3.0% | 3.0% |
| 1Y | 4.1% | −0.6 pts | 4.7% | 4.6% |
| 2Y | 5.7% | −0.3 pts | 6.1% | 6.1% |
| 3Y | 6.3% | −0.3 pts | 6.7% | 6.7% |
| 5Y | 5.4% | −0.4 pts | 5.8% | 5.8% |
Since launch (8 Jul 2020): 5.2%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 6.9% | −0.8 pts | 7.7% |
| 2024 | 7.9% | −0.3 pts | 8.2% |
| 2023 | 6.3% | −0.7 pts | 7.0% |
| 2022 | 2.7% | −1.2 pts | 3.9% |
| 2021 | 3.4% | −0.4 pts | 3.8% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.81%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.68%
- Brokerage
- 0.01%
- Transaction charges
- 0.00%
- Statutory levies
- 0.12%
- Exit load
- 0%
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- CRISIL Banking and PSU Debt A-II
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at moderate risk — typically medium duration debt and conservative hybrid schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | — | — | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | — | — | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.37 | 0.92 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.62 | 1.55 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 1.60 | 1.28 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset Banking and PSU Debt Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Debt86.7%
- Other13.3%
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Others | Others | 14.05% | ₹5.59 Cr | +2.03% | +1.90% | +1.68% |
| HDFC Bank Ltd. | Financial | 9.16% | ₹3.64 Cr | +9.37% | +9.02% | +8.19% |
| Small Industries Devp. Bank of India Ltd. | Financial | 8.61% | ₹3.42 Cr | +10.76% | +10.40% | +9.53% |
| Kotak Mahindra Bank Ltd. | Financial | 7.33% | ₹2.91 Cr | +6.88% | +6.45% | — |
| National Bank For Agriculture & Rural Development | Financial | 6.27% | ₹2.49 Cr | +7.21% | +6.96% | +6.37% |
| REC Ltd. | Financial | 6.22% | ₹2.47 Cr | +9.48% | +6.92% | +4.20% |
| Indian Railway Finance Corporation Ltd. | Financial | 5.04% | ₹2.01 Cr | +4.82% | +4.65% | +4.24% |
| GOI | Sovereign | 5.03% | ₹2.00 Cr | +2.32% | +2.31% | +7.44% |
| company:5500 | Financial | 4.89% | ₹1.94 Cr | — | — | — |
| Indian Bank | Financial | 3.68% | ₹1.46 Cr | — | — | — |
| Housing & Urban Development Corporation Ltd. | Financial | 3.66% | ₹1.46 Cr | +3.48% | +3.37% | +3.10% |
| India Infrastructure Finance Company Ltd. | Construction | 2.52% | ₹1.00 Cr | +2.40% | +2.31% | +2.10% |
| Power Finance Corporation Ltd. | Financial | 2.51% | ₹1.00 Cr | +4.83% | +2.32% | +2.14% |
| Knowledge Realty Trust | Construction | 2.50% | ₹0.99 Cr | +2.39% | +2.30% | — |
| ICICI Bank Ltd. | Financial | 2.44% | ₹0.97 Cr | +2.29% | +2.15% | — |
| company:5652 | Financial | 2.43% | ₹0.97 Cr | — | — | — |
| Export-Import Bank Of India | Financial | 1.26% | ₹0.50 Cr | +2.41% | +2.30% | +2.10% |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:5500 | 0.00% | 4.89% | +4.89% |
| GOI | 2.42% | 5.03% | +2.61% |
| Power Finance Corporation Ltd. | 5.01% | 2.51% | -2.50% |
| company:5652 | 0.00% | 2.43% | +2.43% |
| Kotak Mahindra Bank Ltd. | 7.21% | 7.33% | +0.11% |
| Indian Bank | 3.63% | 3.68% | +0.05% |
| ICICI Bank Ltd. | 2.41% | 2.44% | +0.04% |
| HDFC Bank Ltd. | 4.89% | 4.91% | +0.03% |
| REC Ltd. | 3.70% | 3.72% | +0.03% |
| Housing & Urban Development Corporation Ltd. | 3.68% | 3.66% | -0.02% |
| India Infrastructure Finance Company Ltd. | 2.50% | 2.52% | +0.01% |
| Indian Railway Finance Corporation Ltd. | 5.04% | 5.04% | +0.01% |
| Others | 0.71% | 0.72% | +0.01% |
| Knowledge Realty Trust | 2.49% | 2.50% | +0.01% |
| National Bank For Agriculture & Rural Development | 3.76% | 3.76% | +0.01% |
| Export-Import Bank Of India | 1.25% | 1.26% | +0.01% |
| Small Industries Devp. Bank of India Ltd. | 3.75% | 3.75% | +0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹5,539 Cr | 0.63% | 5.3% | 6.5% | 6.7% |
 Bandhan Banking and PSU Debt Fund | ₹12,014 Cr | 0.68% | 5.6% | 6.4% | 6.5% |
 ICICI Prudential Banking and PSU Debt Fund | ₹8,667 Cr | 0.74% | 4.8% | 6.3% | 6.6% |
 Kotak Banking and PSU Debt Fund | ₹4,937 Cr | 0.75% | 4.5% | 6.2% | 6.5% |
 UTI Banking & PSU Debt Fund | ₹1,508 Cr | 0.47% | 6.2% | 6.9% | 7.2% |
 Franklin India Banking & PSU Debt Fund | ₹567 Cr | 0.49% | 5.7% | 6.8% | 6.7% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate income / capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs) and Public Financial Institutions (PFIs) and Municipal Bonds.
Fund managers
- Kruti ChhetaMs. Chheta has done BAF (Finance and Accounts) and MBA (Finance).Prior to joining Mirae Asset Mutual Fund, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months2.70% absolute | ₹60,000 | ₹61,620 | 2.70% | |
| 1 year4.09% annualised | ₹1,20,000 | ₹1,22,692 | 2.24% | |
| 3 years6.32% annualised | ₹3,60,000 | ₹3,97,331 | 10.37% | |
| 5 years5.43% annualised | ₹6,00,000 | ₹6,90,686 | 15.11% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.