Mirae Asset Banking and PSU Debt Fund Regular Growth

Fund Overview

Fund Size

₹58 Cr

Expense Ratio

0.82%

ISIN

INF769K01FV5

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

24 Jul 2020

About this fund

Mirae Asset Banking and PSU Debt Fund Regular Growth is a Banking & PSU mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 4 years, 1 months and 14 days, having been launched on 24-Jul-20.
As of 05-Sep-24, it has a Net Asset Value (NAV) of ₹12.13, Assets Under Management (AUM) of 58.15 Crores, and an expense ratio of 0.82%.

Mirae Asset Banking and PSU Debt Fund Regular Growth has given a CAGR return of 4.81% since inception.
The fund's asset allocation comprises around 0.00% in equities, 90.58% in debts, and 9.00% in cash & cash equivalents.
You can start investing in Mirae Asset Banking and PSU Debt Fund Regular Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+7.29%

+6.69% (Cat Avg.)

3 Years

+5.04%

+5.15% (Cat Avg.)

Since Inception

+4.81%

— (Cat Avg.)

Portfolio Summaryas of 15th August 2024

Debt	₹52.67 Cr	90.58%
Others	₹5.48 Cr	9.42%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
7.1% Govt Stock 2034	Bond - Gov't/Treasury	₹5.34 Cr	9.08%
Housing And Urban Development Corporation Ltd.	Bond - Corporate Bond	₹5 Cr	8.50%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹3.51 Cr	5.97%
National Bank For Financing Infrastructure And Development	Bond - Corporate Bond	₹3.01 Cr	5.12%
Export-Import Bank of India 7.4%	Bond - Gov't Agency Debt	₹3.01 Cr	5.11%
Power Finance Corporation Ltd.	Bond - Corporate Bond	₹2.98 Cr	5.06%
Mahanagar Telephone Nigam Limited	Bond - Corporate Bond	₹2.89 Cr	4.92%
7.18% Govt Stock 2037	Bond - Gov't/Treasury	₹2.81 Cr	4.78%
Punjab National Bank	Cash - CD/Time Deposit	₹2.17 Cr	3.69%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹2.05 Cr	3.48%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹2.01 Cr	3.42%
National Housing Bank	Bond - Corporate Bond	₹2.01 Cr	3.41%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹2 Cr	3.41%
State Bank Of India	Bond - Corporate Bond	₹1.96 Cr	3.33%
HDFC Bank Limited	Bond - Corporate Bond	₹1.92 Cr	3.26%
Treps	Cash - Repurchase Agreement	₹1.69 Cr	2.87%
HDFC Bank Limited	Bond - Corporate Bond	₹1.51 Cr	2.58%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹1.51 Cr	2.57%
Power Finance Corp Ltd. 7.6%	Bond - Corporate Bond	₹1.51 Cr	2.57%
Rural Electrification Corporation Limited	Bond - Corporate Bond	₹1.5 Cr	2.55%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹1.49 Cr	2.54%
Rec Limited	Bond - Corporate Bond	₹1.46 Cr	2.49%
Net Receivables / (Payables)	Cash - Collateral	₹1.43 Cr	2.44%
7.32% Govt Stock 2030	Bond - Gov't/Treasury	₹1.02 Cr	1.74%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹1.01 Cr	1.71%
National Bank for Agriculture and Rural Development 7.68%	Bond - Gov't Agency Debt	₹1.01 Cr	1.71%
LIC Housing Finance Limited	Bond - Corporate Bond	₹0.75 Cr	1.28%
Class A2 units of Alternative Investment Fund Units #	Mutual Fund - Open End	₹0.25 Cr	0.42%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹40.07 Cr	68.16%
Bond - Gov't/Treasury	₹9.17 Cr	15.60%
Bond - Gov't Agency Debt	₹4.01 Cr	6.82%
Cash - CD/Time Deposit	₹2.17 Cr	3.69%
Cash - Repurchase Agreement	₹1.69 Cr	2.87%
Cash - Collateral	₹1.43 Cr	2.44%
Mutual Fund - Open End	₹0.25 Cr	0.42%

Risk & Performance Ratios

Fund Managers

Kruti Chheta

Since February 2024

Additional Scheme Detailsas of 15th August 2024

ISIN

INF769K01FV5

Expense Ratio

0.82%

Exit Load

No Charges

Fund Size

₹58 Cr

Age

24 Jul 2020

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

CRISIL Banking and PSU Debt TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

For investments made on or after 1 April 2023: The entire capital gain is added to the investor's income and is taxed based on the applicable income tax slab.
For investments made before 1 April 2023:

If sold within 2 years of investment: The capital gains are added to the investor's income and taxed according to the applicable tax slab.
If sold after 2 years of investment: The capital gains are taxed at a flat rate of 12.5%.

Holding the units: No tax is applicable as long as you hold the units.

Dividend Taxation:

Dividends are considered part of the investor’s income and are taxed according to their applicable tax slab. Additionally, if an investor’s dividend income exceeds INR 5,000 in a financial year, a 10% Tax Deducted at Source (TDS) is withheld by the fund house before distributing the dividend.

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Banking & PSU Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Bandhan Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹14211.17 Cr	7.6%
Bandhan Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹14211.17 Cr	7.3%
Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹602.43 Cr	7.4%
Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.2%	0.0%	₹602.43 Cr	7.7%
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
PGIM India Banking and PSU Debt fund Regular Growth Moderate Risk	0.4%	0.0%	₹45.38 Cr	6.6%
Canara Robeco Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹296.08 Cr	7.2%
Canara Robeco Banking and PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹296.08 Cr	7.6%
Tata Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹207.53 Cr	7.0%
Tata Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹207.53 Cr	6.5%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹1,93,693 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.4%	1.0%	₹1586.40 Cr	-
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4069.29 Cr	44.9%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹11964.74 Cr	7.4%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹39706.00 Cr	37.9%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹41352.17 Cr	29.9%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹1021.27 Cr	7.8%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹422.50 Cr	7.7%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹8422.44 Cr	25.6%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹142.72 Cr	7.9%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹1555.63 Cr	44.4%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9294.49 Cr	29.8%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.0%	0.0%	₹855.21 Cr	37.3%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹113.40 Cr	33.0%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹545.57 Cr	28.1%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹805.08 Cr	8.4%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1686.54 Cr	7.8%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹2189.31 Cr	33.3%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹1835.17 Cr	25.0%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3345.49 Cr	40.0%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹113.99 Cr	52.0%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹25617.49 Cr	37.7%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹77.93 Cr	8.6%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹49.38 Cr	7.7%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.1%	0.0%	₹67.97 Cr	-10.2%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1188.86 Cr	18.8%
Mirae Asset Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹58.15 Cr	7.8%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹317.83 Cr	20.5%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹67.09 Cr	-15.6%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1247.29 Cr	6.8%
Mirae Asset Short Term Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹334.73 Cr	8.1%
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹239.66 Cr	9.2%
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹89.04 Cr	7.7%
Mirae Asset Healthcare Fund Direct Growth Very High Risk	0.5%	1.0%	₹2560.38 Cr	53.4%
Mirae Asset Arbitrage Fund Direct Growth Low Risk	0.2%	0.0%	₹2406.03 Cr	8.5%
Mirae Asset Midcap Fund Direct Growth Very High Risk	0.6%	1.0%	₹17454.59 Cr	42.6%
Mirae Asset Balanced Advantage Fund Direct Growth High Risk	0.7%	1.0%	₹1691.93 Cr	22.5%

Risk Level

Your principal amount will be at Moderate Risk

Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Banking and PSU Debt Fund Regular Growth?

The NAV of Mirae Asset Banking and PSU Debt Fund Regular Growth, as of 05-Sep-2024, is ₹12.13.

What are the returns of Mirae Asset Banking and PSU Debt Fund Regular Growth?

The fund has generated 7.29% over the last 1 year and 5.04% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mirae Asset Banking and PSU Debt Fund Regular Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 90.58% in bonds, and 9.00% in cash and cash equivalents.

Who manages the Mirae Asset Banking and PSU Debt Fund Regular Growth?

The fund managers responsible for Mirae Asset Banking and PSU Debt Fund Regular Growth are:-

Kruti Chheta

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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