Mirae Asset Banking and PSU Debt Fund Direct Growth

Fund Overview

Fund Size

₹44 Cr

Expense Ratio

0.35%

ISIN

INF769K01FY9

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

24 Jul 2020

About this fund

Mirae Asset Banking and PSU Debt Fund Direct Growth is a Banking & PSU mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 5 years, 7 months and 25 days, having been launched on 24-Jul-20.
As of 20-Mar-26, it has a Net Asset Value (NAV) of ₹13.68, Assets Under Management (AUM) of 43.67 Crores, and an expense ratio of 0.35%.

Mirae Asset Banking and PSU Debt Fund Direct Growth has given a CAGR return of 5.71% since inception.
The fund's asset allocation comprises around 0.00% in equities, 75.63% in debts, and 23.73% in cash & cash equivalents.
You can start investing in Mirae Asset Banking and PSU Debt Fund Direct 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

+6.36%

+6.49% (Cat Avg.)

3 Years

+7.27%

+7.05% (Cat Avg.)

5 Years

+6.08%

+6.28% (Cat Avg.)

Since Inception

+5.71%

— (Cat Avg.)

Portfolio Summaryas of 15th March 2026

Debt	₹33.03 Cr	75.63%
Others	₹10.64 Cr	24.37%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
6.48% Gs 2035	Bond - Gov't/Treasury	₹3.45 Cr	7.96%
Export Import Bank Of India	Bond - Corporate Bond	₹3.01 Cr	6.94%
Canara Bank	Cash - CD/Time Deposit	₹2.95 Cr	6.81%
Kotak Mahindra Bank Ltd	Cash - CD/Time Deposit	₹2.82 Cr	6.49%
HDFC Bank Limited	Bond - Corporate Bond	₹2.05 Cr	4.72%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹2.02 Cr	4.66%
HDFC Bank Limited	Bond - Corporate Bond	₹1.96 Cr	4.52%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹1.8 Cr	4.16%
Treps	Cash - Repurchase Agreement	₹1.56 Cr	3.59%
National Bank For Agriculture And Rural Development	Bond - Corporate Bond	₹1.51 Cr	3.49%
Rec Limited	Bond - Corporate Bond	₹1.5 Cr	3.47%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹1.5 Cr	3.46%
Housing And Urban Development Corporation Limited	Bond - Corporate Bond	₹1.47 Cr	3.38%
Net Receivables / (Payables)	Cash	₹1.09 Cr	2.51%
Power Finance Corporation Limited	Bond - Corporate Bond	₹1.01 Cr	2.33%
Power Finance Corporation Limited	Bond - Corporate Bond	₹1.01 Cr	2.32%
Indian Railway Finance Corporation Limited	Bond - Corporate Bond	₹1.01 Cr	2.32%
6.79% Gs 2034	Bond - Gov't/Treasury	₹1.01 Cr	2.32%
Small Industries Development Bank Of India	Bond - Corporate Bond	₹1 Cr	2.32%
India Infrastructure Finance Company Limited	Bond - Corporate Bond	₹1 Cr	2.31%
KNOWLEDGE REALTY TRUST 7.54%	Bond - Corporate Bond	₹1 Cr	2.31%
Power Finance Corporation Limited	Bond - Corporate Bond	₹1 Cr	2.31%
Export Import Bank Of India	Bond - Corporate Bond	₹1 Cr	2.31%
REC Ltd. 6.95%	Bond - Corporate Bond	₹0.99 Cr	2.29%
Mindspace Business Parks Reit	Bond - Corporate Bond	₹0.99 Cr	2.29%
Rec Limited	Bond - Corporate Bond	₹0.98 Cr	2.27%
ICICI Bank Ltd	Cash - CD/Time Deposit	₹0.94 Cr	2.16%
Small Industries Dev Bank Of India	Cash - CD/Time Deposit	₹0.94 Cr	2.16%
National Housing Bank	Bond - Corporate Bond	₹0.5 Cr	1.16%
Corporate Debt Market Development Fund - Class A2#	Mutual Fund - Unspecified	₹0.28 Cr	0.64%

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Instruments	Amount	Holdings
Bond - Corporate Bond	₹28.33 Cr	65.34%
Cash - CD/Time Deposit	₹7.64 Cr	17.63%
Bond - Gov't/Treasury	₹4.46 Cr	10.28%
Cash - Repurchase Agreement	₹1.56 Cr	3.59%
Cash	₹1.09 Cr	2.51%
Mutual Fund - Unspecified	₹0.28 Cr	0.64%

Risk & Performance Ratios

Fund Managers

Kruti Chheta

Since February 2024

Additional Scheme Detailsas of 15th March 2026

ISIN

INF769K01FY9

Expense Ratio

0.35%

Exit Load

No Charges

Fund Size

₹44 Cr

Age

5 years 7 months

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:

Dividend Taxation:

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
Bajaj Finserv Banking and PSU Fund Regular Growth Moderate Risk	0.9%	0.0%	₹332.61 Cr	6.1%
Bajaj Finserv Banking and PSU Fund Direct Growth Moderate Risk	0.3%	0.0%	₹332.61 Cr	6.7%
HSBC Banking & PSU Debt Direct Growth Moderate Risk	0.2%	0.0%	₹4431.12 Cr	6.8%
LIC MF Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹1879.49 Cr	6.9%
Axis Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹12838.53 Cr	6.8%
Invesco India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹97.49 Cr	6.2%
DSP Banking & PSU Debt Fund Regular Growth Low Risk	0.6%	0.0%	₹3575.45 Cr	5.7%
DSP Banking & PSU Debt Fund Direct Growth Low Risk	0.3%	0.0%	₹3575.45 Cr	5.9%
Edelweiss Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹516.73 Cr	6.4%
Edelweiss Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹516.73 Cr	6.1%
Kotak Banking & PSU Debt Direct Growth Low to Moderate Risk	0.4%	0.0%	₹5408.68 Cr	7.2%
Nippon India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5293.59 Cr	6.5%
Nippon India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.8%	0.0%	₹5293.59 Cr	6.1%
TrustMF Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹130.72 Cr	6.7%
TrustMF Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹130.72 Cr	7.3%
UTI Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.5%	0.0%	₹1098.92 Cr	7.0%
UTI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹1098.92 Cr	7.3%
ICICI Prudential Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹9489.48 Cr	6.9%
HDFC Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹5598.58 Cr	6.3%
HDFC Banking and PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹5598.58 Cr	6.7%
Axis Banking & PSU Debt Fund Regular Growth Moderate Risk	0.6%	0.0%	₹12838.53 Cr	6.5%
LIC MF Banking & PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹1879.49 Cr	6.4%
Baroda BNP Paribas Banking and PSU Bond Fund Direct Growth Moderate Risk	0.4%	0.0%	₹26.92 Cr	8.2%
Baroda BNP Paribas Banking and PSU Bond Fund Regular Growth Moderate Risk	0.8%	0.0%	₹26.92 Cr	7.8%
ITI Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹37.58 Cr	6.0%
ITI Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹37.58 Cr	6.6%
Aditya BSL Banking & PSU Debt Fund Direct Growth Moderate Risk	0.4%	0.0%	₹8991.16 Cr	6.6%
Invesco India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹97.49 Cr	6.6%
Sundaram Banking & PSU Debt Fund Direct Growth Moderate Risk	0.3%	0.0%	₹281.42 Cr	6.6%
SBI Banking and PSU Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹4025.08 Cr	6.4%
SBI Banking and PSU Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹4025.08 Cr	6.8%
HSBC Banking & PSU Debt Regular Growth Moderate Risk	0.6%	0.0%	₹4431.12 Cr	6.5%
Kotak Banking & PSU Debt Regular Growth Low to Moderate Risk	0.8%	0.0%	₹5408.68 Cr	6.8%
Mirae Asset Banking and PSU Debt Fund Regular Growth Low to Moderate Risk	0.8%	0.0%	₹43.67 Cr	5.9%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹43.67 Cr	6.4%
Aditya BSL Banking & PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹8991.16 Cr	6.2%
Sundaram Banking & PSU Debt Fund Regular Growth Moderate Risk	0.4%	0.0%	₹281.42 Cr	6.4%
ICICI Prudential Banking and PSU Debt Fund Regular Growth Moderate Risk	0.7%	0.0%	₹9489.48 Cr	6.5%
Tata Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹207.53 Cr	6.5%
Tata Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹207.53 Cr	7.0%
Canara Robeco Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹194.32 Cr	5.9%
Canara Robeco Banking and PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹194.32 Cr	5.6%
PGIM India Banking and PSU Debt fund Regular Growth Moderate Risk	0.4%	0.0%	₹45.38 Cr	6.6%
PGIM India Banking and PSU Debt fund Direct Growth Moderate Risk	0.2%	0.0%	₹45.38 Cr	6.8%
Franklin India Banking & PSU Debt Fund Direct Growth Moderate Risk	0.2%	0.0%	₹479.38 Cr	7.7%
Franklin India Banking & PSU Debt Fund Regular Growth Moderate Risk	0.5%	0.0%	₹479.38 Cr	7.3%
Bandhan Banking & PSU Debt Fund Regular Growth Low to Moderate Risk	0.7%	0.0%	₹12534.99 Cr	6.2%
Bandhan Banking & PSU Debt Fund Direct Growth Low to Moderate Risk	0.4%	0.0%	₹12534.99 Cr	6.5%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

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

Total AUM

₹2,26,927 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 Silver ETF FOF Direct Growth Very High Risk	-	0.0%	-	-
Mirae Asset Nifty Metal ETF FOF Direct Growth Very High Risk	0.5%	0.0%	₹32.02 Cr	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	0.4%	0.0%	₹21.59 Cr	-
Mirae Asset Infrastructure Fund Direct Growth Very High Risk	0.7%	1.0%	₹375.06 Cr	-
Mirae Asset Multi Factor Passive FOF Direct Growth Very High Risk	2.7%	0.0%	₹21.13 Cr	-
Mirae Asset Gold Silver Passive FoF Direct Growth Very High Risk	0.8%	0.0%	₹1319.44 Cr	-
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹67.63 Cr	-
Mirae Asset Income plus Arbitrage Active FOF Direct Growth Low to Moderate Risk	0.1%	0.0%	₹21.31 Cr	-
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹6.04 Cr	3.6%
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹6.80 Cr	-5.1%
Mirae Asset Small Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3322.60 Cr	7.8%
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹18.58 Cr	-3.5%
Mirae Asset Long Duration Fund Direct Growth Moderate Risk	0.2%	0.0%	₹25.64 Cr	0.5%
Mirae Asset Gold ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹493.33 Cr	62.5%
Mirae Asset Nifty 50 Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹53.00 Cr	0.6%
Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹35.09 Cr	3.8%
Mirae Asset Nifty Total Market Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹48.17 Cr	1.6%
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹189.19 Cr	2.9%
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular Growth Very High Risk	0.5%	0.0%	₹238.27 Cr	1.8%
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund Regular Growth Very High Risk	0.6%	0.0%	₹207.44 Cr	-6.5%
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.3%	1.0%	₹3190.84 Cr	15.7%
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4472.86 Cr	-0.8%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹12394.76 Cr	6.3%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.6%	1.0%	₹42943.10 Cr	6.3%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.6%	1.0%	₹40184.41 Cr	1.3%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2719.52 Cr	7.2%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹3769.16 Cr	7.0%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹7032.62 Cr	-5.1%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹117.29 Cr	7.4%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹2061.21 Cr	36.1%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9530.01 Cr	6.6%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹987.28 Cr	2.2%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹89.04 Cr	0.0%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹757.84 Cr	35.7%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹513.98 Cr	7.4%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1809.31 Cr	6.9%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3655.79 Cr	6.4%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.6%	1.0%	₹2272.13 Cr	11.0%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4747.07 Cr	6.0%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹117.31 Cr	10.0%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹26202.62 Cr	4.5%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.1%	0.0%	₹70.80 Cr	7.6%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹47.58 Cr	6.7%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.7%	0.0%	₹84.54 Cr	-11.5%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.4%	1.0%	₹1901.43 Cr	7.3%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹43.67 Cr	6.4%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Regular Growth Very High Risk	1.1%	1.0%	₹375.36 Cr	36.3%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.9%	1.0%	₹375.36 Cr	36.5%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹63.80 Cr	42.3%
Mirae Asset Overnight Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1530.44 Cr	5.5%

Risk Level

Your principal amount will be at Low to Moderate Risk

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Still got questions?
We're here to help.

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

The NAV of Mirae Asset Banking and PSU Debt Fund Direct Growth, as of 20-Mar-2026, is ₹13.68.

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

The fund has generated 6.36% over the last 1 year and 7.27% 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 Direct Growth?

The fund's allocation of assets is distributed as 0.00% in equities, 75.63% in bonds, and 23.73% in cash and cash equivalents.

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

The fund managers responsible for Mirae Asset Banking and PSU Debt Fund Direct 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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Mirae Asset Banking and PSU Debt Fund Direct Growth

Fund Overview