Mirae Asset Banking And PSU Fund
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.
Growthvine rating: 1/5 — ranked #21 of 22 in category.
Fund basics
| Category | Debt: Banking and PSU |
|---|---|
| NAV | ₹13.63 (as of 2026-08-21) |
| AUM | ₹40 Cr |
| Expense ratio | 0.69% |
| Riskometer | Moderate |
| Fund manager | Kruti Chheta |
| Exit load | 0 |
Performance & risk
| 5-year annualised return | 5.56% |
|---|---|
| Sharpe ratio | 0.41 |
| Standard deviation | 1.58% |
| Max drawdown | -1.23% |
| Alpha | 0 |
| Beta | 0 |
Over 5 years, captured 89.8% of NIFTY Banking & PSU Debt Index's upside and 68.7% of its downside.
Market cap allocation
Concentration
Top holdings
Not disclosed.
Top sectors
Not disclosed.
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|---|---|---|
| 2026 (partial) | 2.7% | Q4 (Bottom) | #18 of 21 |
| 2025 | 6.9% | Q4 (Bottom) | #18 of 21 |
| 2024 | 7.9% | Q1 (Top) | #6 of 22 |
| 2023 | 6.3% | Q4 (Bottom) | #18 of 21 |
| 2022 | 2.7% | Q3 | #15 of 19 |