Mirae Asset Banking and PSU Fund Direct-Growth
Debt, Banking and PSU, Principal at moderate risk
1 Year Return 3.49% at 08 Jun 2026 12:02 PM
Mirae Asset Banking and PSU Fund Direct-Growth: Mutual Fund Overview
Mirae Asset Banking and PSU Fund Direct-Growth is an Banking and PSU mutual fund with over 5.87 years of performance history. The scheme manages an AUM of ₹41.66 Cr and has a NAV of ₹13.7876. It is rated '2' stars by analysts. Investors can begin a SIP with as little as ₹99.0, making it accessible for all types of investors. In the last 1 year, the fund has delivered a return of 3.49%.
Fund Details
NAV 13.7876
Sub-Type Banking and PSU
Rating 2
Min. SIP Amount ₹99.0
Fund Age(Year) 5.87
Fund Size(in Crores) 41.66
Fund Performance
1 Month 0.64%
3 Month 0.57%
6 Month 1.34%
1 Year 3.49%
3 Year 6.72%
5 Year 5.84%
Know This Fund
As on 08 Jun 2026
Investment strategy that balances risk & reward by dividing the investment portfolio among different types of asset classes.
Equity (24.03%) Market Cap Large Cap 15.28 Mid Cap 4.16 Small Cap 4.58 Top Sectors Financial 9.59 Healthcare 4.1 Automobile 1.69 Capital Goods 1.52 Metals & Mining 1.38 Communication 1.07 Materials 0.83 Technology 0.7 Construction 0.7 Services 0.65 Consumer Staples 0.65 Consumer Discretionary 0.32 Chemicals 0.3 Insurance 0.28 Energy 0.24 Top Holding Apollo Hospitals Enterprise 0.46 Avenue Supermarts 0.42 Axis Bank 0.82 Bajaj Auto 0.64 Bajaj Finance 0.89 Bank of Baroda 0.39 Bank of Maharashtra 0.5 Bharti Airtel 1.07 Cholamandalam Investment and Finance Company 0.1 Cipla 0.16 Eternal 0.23 Fortis Healthcare 1.14 Godrej Consumer 0.45 HDFC Bank 1.75 H.G. Infra Engineering 0.14 Hindalco Industries 1.38 ICICI Bank 1.68 Infosys 0.31 Kotak Mahindra Bank 0.29 Larsen & Toubro 0.56 Max Financial Services 0.89 Metropolis Healthcare 1.08 Mrs. Bectors Food Specialities 0.2 NTPC 0.24 Praj Industries 0.2 SBFC Finance 0.33 SBI Life Insurance Company 0.28 SJS Enterprises 0.69 Sona BLW Precision Forgings 0.37 State Bank of India 1.15 Sun Pharmaceutical Industries 0.69 TD Power Systems 1.32 Tech Mahindra 0.39 The Federal Bank 0.82 Torrent Pharmaceuticals 0.58 Ultratech Cement 0.83 V-Guard Industries 0.06 Vinati Organics 0.3 Whirlpool Of India 0.25
Debt & Others (75.97%) Sector Allocation State Development Loan 2.98 GOI Securities 35.3 Net Receivables 2.86 Debt Credit Ratings SOV 38.28 Cash & Call Money 29.97 AAA 7.72 Debt Category Rajasthan State 2.98 GOI 35.3 Others 29.97 HDFC Bank 7.72
Comparison with same funds
Equity, Flexi Cap funds Aditya Birla Sun Life Conservative Hybrid Active FoF Regular-Growth Ret 1M 0.18% Ret 1Y 1.92% Ret 3Y 9.89% Ret 5Y 8.65%
Equity, Flexi Cap funds Aditya Birla Sun Life Conservative Hybrid Active FoF Regular-IDCW Quarterly Ret 1M 0.18% Ret 1Y 1.92% Ret 3Y 9.89% Ret 5Y 8.65%
Equity, Flexi Cap funds Aditya Birla Sun Life Conservative Hybrid Active FoF Regular-IDCW Quarterly Payout Ret 1M 0.18% Ret 1Y 1.92% Ret 3Y 9.89% Ret 5Y 8.65%
Equity, Flexi Cap funds Aditya Birla Sun Life Regular Savings Fund Regular-Growth Ret 1M 0.18% Ret 1Y 3.48% Ret 3Y 8.08% Ret 5Y 7.8%
Equity, Flexi Cap funds Aditya Birla Sun Life Regular Savings Fund Regular-Growth Monthly Payment Ret 1M 0.18% Ret 1Y 3.48% Ret 3Y 8.08% Ret 5Y 7.8%
Equity, Flexi Cap funds Aditya Birla Sun Life Regular Savings Fund Regular-IDCW Monthly Ret 1M 0.18% Ret 1Y 3.48% Ret 3Y 8.08% Ret 5Y 7.8%
Equity, Flexi Cap funds Aditya Birla Sun Life Regular Savings Fund Regular-IDCW Monthly Reinvestment Ret 1M 0.18% Ret 1Y 3.48% Ret 3Y 8.08% Ret 5Y 7.8%
Equity, Flexi Cap funds Aditya Birla Sun Life Retirement Fund - The 50s Plan Regular-Growth Ret 1M 0.31% Ret 1Y 3.01% Ret 3Y 7.49% Ret 5Y 5.6%
Equity, Flexi Cap funds Aditya Birla Sun Life Retirement Fund - The 50s Plan Regular-IDCW Ret 1M 0.31% Ret 1Y 3.01% Ret 3Y 7.49% Ret 5Y 5.6%
Equity, Flexi Cap funds Aditya Birla Sun Life Retirement Fund - The 50s Plan Regular-IDCW Reinvestment Ret 1M 0.31% Ret 1Y 3.01% Ret 3Y 7.49% Ret 5Y 5.6%
Equity, Flexi Cap funds Axis Conservative Hybrid Fund Regular-Growth Ret 1M -0.29% Ret 1Y -0.3% Ret 3Y 5.73% Ret 5Y 5.39%
Charges & Taxes Expense Ratio
Returns are taxed as per your Income Tax Slab.
Expense Ratio (Inclusive of GST): 0.35%
Exit Load 0%
Stamp Duty 0.005%
Fund Management
The various expenses, charges and taxes associated with your Mutual Fund
Basant Bafna
Education Mr. Bafna has done B.Com, MBA, CS, CA, FRM and CFA
Experience Prior to joining Mirae Asset Mutual Fund, he has worked with India Exim Bank and Union Bank of India
Kruti Chheta
Education Ms. Chheta has done BAF (Finance and Accounts) and MBA (Finance).
Experience Prior to joining Mirae Asset Mutual Fund, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.
Riskometer
Mutual Fund Investments are subject to market risk. Read all scheme related documents carefully.
Principal at moderate risk
AMC and Fund details
Rank (total sets) 16
Date of Incorporation 2020-07-24
Total AUM 223763.21
The Scheme Seeks to generate returns from a portfolio of pure debt oriented funds accessed through the diverse investment styles of underlying schemes selected in accordance with the BSLAMC process.
Take Your Next Step
Mirae Asset Banking and PSU Fund Direct-Growth FAQs
How to invest in Mirae Asset Banking and PSU Fund Direct-Growth?
Investing in Mirae Asset Banking and PSU Fund Direct-Growth through Motilal Oswal is simple and completely online. You just need to follow the step-by-step process below to get started in a few minutes.
- Log in to your Motilal Oswal account via the app or website
- Go to the Mutual Funds section
- Search for Mirae Asset Banking and PSU Fund Direct-Growth in the search bar
- Select your preferred investment mode – Lumpsum or SIP
- Enter investment details such as amount and linked bank account
- Complete your KYC, if not already done
- Review and confirm details including fund name, plan type, amount, and bank account
- Make the payment using Net Banking, UPI, or other available options
- Receive transaction confirmation via email or SMS
What is the expense ratio of Mirae Asset Banking and PSU Fund Direct-Growth?
The term expense ratio for Mirae Asset Banking and PSU Fund Direct-Growth or any other mutual fund is the annual fee charged by the fund house for managing your investment scheme. The expense ratio of Mirae Asset Banking and PSU Fund Direct-Growth is 0.35% as of 08 Jun 2026.
What is the NAV of Mirae Asset Banking and PSU Fund Direct-Growth?
The NAV of Mirae Asset Banking and PSU Fund Direct-Growth is ₹13.7876 as of 08 Jun 2026.
What is the AUM of Mirae Asset Banking and PSU Fund Direct-Growth?
The AUM (Assets Under Management) of Mirae Asset Banking and PSU Fund Direct-Growth is the total value of assets managed by the fund at a given time, which is updated regularly. The AUM of Mirae Asset Banking and PSU Fund Direct-Growth is ₹41.66 Cr as of 08 Jun 2026.
What is the PE and PB ratio of Mirae Asset Banking and PSU Fund Direct-Growth?
The PE ratio of Mirae Asset Banking and PSU Fund Direct-Growth shows how much investors are paying for the fund's underlying earnings, while the PB ratio indicates how the fund's holdings are valued compared to their book value.
Can I invest in SIP and Lump Sum in Mirae Asset Banking and PSU Fund Direct-Growth?
Yes, you can invest in Mirae Asset Banking and PSU Fund Direct-Growth through both SIP (Systematic Investment Plan) and lump sum options, depending on your investment preference and financial goals.
What is the return of Mirae Asset Banking and PSU Fund Direct-Growth in the last 5 years?
The return of Mirae Asset Banking and PSU Fund Direct-Growth in the last 5 years is 5.84%.
What is the minimum SIP investment required in Mirae Asset Banking and PSU Fund Direct-Growth?
The minimum SIP investment in Mirae Asset Banking and PSU Fund Direct-Growth depends on the fund's scheme rules and usually starts at a small amount. For Mirae Asset Banking and PSU Fund Direct-Growth, the minimum SIP amount is ₹99.0.
What is the current NAV of Mirae Asset Banking and PSU Fund Direct-Growth?
The NAV of Mirae Asset Banking and PSU Fund Direct-Growth, as of 08 Jun 2026, is ₹13.7876.
Who manages the Mirae Asset Banking and PSU Fund Direct-Growth?
The fund managers responsible for Mirae Asset Banking and PSU Fund Direct-Growth are:
- Basant Bafna
- Kruti Chheta