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Banking & PSU Debtregulargrowth📊 NIFTY Banking & PSU Debt Index(SEBI default)

Mirae Asset Banking and PSU Fund - Regular Plan - Growth

Mirae Asset Mutual Fund

#18 of 21 (1Y)

₹13.3678

0.01 (+0.07%)

NAV as of 29 May 2026

Today's NAV — all variants

Regular · Growth

₹₹13.3678

0.01 (+0.07%)

29 May 2026

AMFI: 148416

Direct · Growth

₹₹13.7236

0.01 (+0.07%)

29 May 2026

AMFI: 148419

Regular · IDCW

₹₹13.3690

0.01 (+0.07%)

29 May 2026

AMFI: 148418

Direct · IDCW

₹₹13.7168

0.01 (+0.07%)

29 May 2026

AMFI: 148417

Returns (Lumpsum)

CAGR for periods ≥ 1 year
1 Week-0.39%
1 Month-0.41%
3 Months-0.14%
6 Months+0.62%
1 Year+2.72%
3 Years (CAGR)+6.09%
5 Years (CAGR)+5.24%
10 Years (CAGR)
Since Inception (Jul 2020)+5.06%

SIP Returns (XIRR)

₹1,000/month SIP, annualised
1 Year SIP+2.18%
3 Year SIP+5.53%
5 Year SIP+5.68%
Since Inception (Jul 2020)+5.53%

SIP since inception — what ₹500/month became

Real NAV backtest from day one

₹35,000

Invested

₹41,288

Value today

5.6%

XIRR (p.a.)

500/month SIP from fund inception · Current value as of today

Try SIP Calculator with this fund's history

1,000 lumpsum at launch — value today

Invested on the fund's first NAV date

₹1,000

Invested

₹1,337

Value today

5.1%

CAGR (p.a.)

One-time investment at fund inception · Growth purely from NAV appreciation

Try Lumpsum Calculator

₹10L corpus with ₹5,000/month withdrawals since inception

Corpus is still growing despite monthly payouts

₹10,00,000

Initial corpus

₹3,50,000

Withdrawn

₹9,23,897

Corpus left

+₹2,73,897 net gain — withdrew ₹3,50,000 AND corpus grew

Plan your SWP with real NAV

₹1 lakh on the worst crash day — 03 Jun 2024

Worst single-day Nifty drop during this fund's life

₹1,00,000

Invested

₹1,12,342

Value today

1.1×

Multiple

Staying invested through that crash turned ₹1L into ₹1,12,342 — a 1.1× return

Read: Staying invested through crashes

Direct vs Regular — ₹500/month over 5 years

Expense ratio drag on your actual returns

Direct plan

₹35,775

Regular plan

₹35,340

Direct earns ₹435 more on a ₹30K investment0.29% extra return per year

Same fund, same NAV history — only the expense ratio differs. Direct plans always outperform Regular over time.

Learn about Direct vs Regular plans

Fund Details

Fund HouseMirae Asset Mutual Fund
CategoryBanking & PSU Debt
Plan Typeregular
Optiongrowth
AUM₹43.8 Cr
Expense Ratio0.81%
Min SIP₹500
Min Lumpsum₹1,000
BenchmarkNIFTY Banking & PSU Debt Index
Launch Date24 Jul 2020
AMFI Code148416

Risk Metrics

Trailing 1 year, annualised

-0.60

Sharpe Ratio

Alpha

Beta

-0.63

Sortino

1.27%

Std Dev

-0.74%

Max Drawdown

Portfolio Holdings

Top 26 holdings · as of Mar 2026

Equity13 holdings · 42.1%
Security% NAV

Kotak Mahindra Bank Ltd. (MD 12/02/2027)**#

INE237AD6141

6.56%

7.97% HDFC Bank Ltd. (MD 17/02/2033)**

INE040A08914

4.69%

7.57% Indian Railway Finance Corporation Ltd. (MD 18/04/2029)**

INE053F08353

4.65%

6.44% HDFC Bank Ltd. (MD 27/09/2028)**

INE040A08401

4.52%

7.12% Housing and Urban Development Corporation Ltd. (MD 26/12/2034)**

INE031A08921

3.35%

7.85% Power Finance Corporation Ltd. (MD 03/04/2028)**

INE134E08JP5

2.34%

7.74% Power Finance Corporation Ltd. (MD 29/01/2028)**

INE134E08JI0

2.33%

7.42% Power Finance Corporation Ltd. (MD 15/04/2028)**

INE134E08NL6

2.32%

7.56% India Infrastructure Finance Company Ltd. (MD 20/03/2028)**

INE787H08188

2.32%

6.95% REC Ltd. (MD 18/02/2028)**

INE020B08GB8

2.30%

7.15% Mindspace Business Parks Reit (MD 15/11/2030)**

INE0CCU07173

2.28%

6.87% REC Ltd. (MD 31/05/2030)**

INE020B08FU0

2.27%

ICICI Bank Ltd. (MD 12/02/2027)**#

INE090AD6287

2.19%
Debt12 holdings · 47.6%
Security% NAV

6.48% Government of India (MD 06/10/2035)

IN0020250091

10.06%

7.35% Export-Import Bank of India (MD 27/07/2028)**

INE514E08GE8

6.96%

Canara Bank (MD 03/06/2026)#

INE476A16F60

6.88%

7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028)

INE261F08EO7

4.17%

7.62% National Bank for Agriculture and Rural Development (MD 10/05/2029)

INE261F08EH1

3.49%

7.47% Small Industries Development Bank of India (MD 05/09/2029)

INE556F08KR0

3.47%

7.68% Small Industries Development Bank of India (MD 10/08/2027)**

INE556F08KP4

2.33%

7.22% Export-Import Bank of India (MD 03/08/2027)**

INE514E08FP6

2.32%

7.54% Knowledge Realty Trust (MD 08/05/2029)**

INE1JAR07028

2.31%

6.79% Government of India (MD 07/10/2034)

IN0020240126

2.28%

Small Industries Development Bank of India (MD 18/02/2027)**#

INE556F16CB4

2.18%

7.59% National Housing Bank (MD 08/09/2027)**

INE557F08FZ1

1.16%
Fund Units1 holding · 0.6%
Security% NAV

Corporate Debt Market Development Fund - Class A2#

INF0RQ622028

0.64%

Performance Comparison

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Investment Objective

Mirae Asset Banking and PSU Fund - Regular Plan - Growth by Mirae Asset Mutual Fund is a Banking & PSU Debt fund that aims to generate optimal returns for investors based on its investment mandate. The fund follows a disciplined investment process aligned with SEBI regulations for the Banking & PSU Debt category.

About This Fund

Mirae Asset Banking and PSU Fund - Regular Plan - Growth is a Banking & PSU Debt mutual fund offered by Mirae Asset Mutual Fund. The fund has been operational for over 5 years. It manages assets worth ₹43.8 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY Banking & PSU Debt Index. The current expense ratio is 0.81%.

Who Should Invest?

  • Investors with a high risk appetite seeking long-term wealth creation
  • Investors with an investment horizon of 5 years or more
  • SIP investors who can benefit from rupee cost averaging during market fluctuations