Bank of India Conservative Hybrid Fund vs Mirae Asset Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bank of India Conservative Hybrid Fund is a Conservative Hybrid fund and Mirae Asset Banking and PSU Debt Fund is a Banking & PSU fund. In the 3 years to 30-10-2026, Bank of India Conservative Hybrid Fund (Direct) returned 6.4% a year and Mirae Asset Banking and PSU Debt Fund (Direct) returned 6.7% a year. Bank of India Conservative Hybrid Fund charges 1.18% a year and Mirae Asset Banking and PSU Debt Fund 0.37% (Direct plans). Their portfolios overlap 16.0%: they hold 5 of the same securities.
Bank of India Conservative Hybrid Fund
Conservative Hybrid
- 3 year return
- 6.4%
- Expense ratio
- 1.18%
- NAV
- ₹37.63
Mirae Asset Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.7%
- Expense ratio
- 0.37%
- NAV
- ₹13.99
Which is better, Bank of India Conservative Hybrid or Mirae Asset Banking and PSU Debt? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Bank of India Conservative Hybrid returned more over 5 years: 9.4% a year against 5.8%.
- Mirae Asset Banking and PSU Debt returned more over 3 years: 6.7% a year against 6.4%.
- Mirae Asset Banking and PSU Debt costs less: 0.37% a year against 1.18% (Direct plans).
- Mirae Asset Banking and PSU Debt swung less over 3 years: a standard deviation of 1.1% a year against 3.9%.
- Mirae Asset Banking and PSU Debt fell less in its worst fall since 27-07-2020: −1.2% against −4.1%.
- Bank of India Conservative Hybrid is the larger fund: ₹66 Cr against ₹39 Cr.
- Their portfolios overlap 16.0%: 5 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bank of India Conservative Hybrid Fund | Mirae Asset Banking and PSU Debt Fund |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Mirae Asset Mutual Fund |
| Category | Conservative Hybrid | Banking & PSU |
| AUM | ₹66 Cr (30-09-2026) | ₹39 Cr (30-09-2026) |
| NAV | ₹37.63 (Direct) | ₹13.99 (Direct) |
| Expense ratio (Direct) | 1.18% | 0.37% |
| Expense ratio (Regular) | 2.25% | 0.82% |
| Riskometer | Moderately High | Not available |
| Benchmark | CRISIL Hybrid 85+15 - Conservative Index | Not available |
| Launch date | 18-03-2009 | Not available |
| Minimum investment | ₹5,000 | Not available |
| Lock in | None | Not available |
| Fund managers | Alok Singh | Not available |
| Exit load | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 3 months. | Not available |
Bank of India Conservative Hybrid vs Mirae Asset Banking and PSU Debt: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bank of India Conservative Hybrid Fund (Direct) | −0.39% | −0.83% | +0.10% | +1.21% | +6.42% | +9.43% | +7.14% |
| Mirae Asset Banking and PSU Debt Fund (Direct) | −0.33% | 0.00% | +2.18% | +3.46% | +6.67% | +5.83% | -- |
| Conservative Hybrid average | −0.46% | −1.48% | +0.87% | +1.02% | +7.61% | +7.13% | +7.52% |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | -- |
Category average: the average of the 18 Conservative Hybrid funds and the 19 Banking & PSU funds, same plan type.
Bank of India Conservative Hybrid vs Mirae Asset Banking and PSU Debt: Year-wise Returns
| Year | Bank of India Conservative HybridBank of India Conservative Hybrid | Mirae Asset Banking and PSU DebtMirae Asset Banking and PSU Debt |
|---|---|---|
| 2026to date | +1.20% | +2.80% |
| 2025 | +5.18% | +7.39% |
| 2024 | +8.00% | +8.45% |
| 2023 | +11.32% | +6.79% |
| 2022 | +22.17% | +3.13% |
| 2021 | +9.00% | +3.84% |
Bank of India Conservative Hybrid vs Mirae Asset Banking and PSU Debt: Rolling Returns
Every holding period of both funds
Rolling returns
Every 3-year holding period, 787 of them, one for each trading day from 27-07-2023 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Bank of India Conservative Hybrid Fund (Direct)
Mirae Asset Banking and PSU Debt Fund (Direct)
to
Oct 2023May 2021
to
May 2024Dec 2021
to
Dec 2024Jun 2022
to
Jun 2025Jan 2023
to
Jan 2026Jul 2023
to
Jul 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Bank of India Conservative Hybrid | 0.0 | 0.0 | 48.7 | 46.0 | 5.3 | 0.0 | 0.0 | 11.1% | 13.0% | 6.2% | 15.5% |
| Mirae Asset Banking and PSU Debt | 0.0 | 15.8 | 84.2 | 0.0 | 0.0 | 0.0 | 0.0 | 6.3% | 6.4% | 4.4% | 8.0% |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. Every fund is measured over the days all of them have, from 27-07-2020. Past returns do not promise future returns.
Bank of India Conservative Hybrid vs Mirae Asset Banking and PSU Debt: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-07-2020 to 30-10-2026: 76 instalments, ₹7,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Bank of India Conservative HybridBank of India Conservative Hybrid Fund (Direct) | ₹7,60,000 | ₹9,74,439 | ₹2,14,439 | 7.8% |
| Mirae Asset Banking and PSU DebtMirae Asset Banking and PSU Debt Fund (Direct) | ₹7,60,000 | ₹9,17,556 | ₹1,57,556 | 5.9% |
Bank of India Conservative HybridBank of India Conservative Hybrid Fund (Direct)
Mirae Asset Banking and PSU DebtMirae Asset Banking and PSU Debt Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Bank of India Conservative Hybrid vs Mirae Asset Banking and PSU Debt: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bank of India Conservative Hybrid Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +1.21% | +3.46% |
| Standard deviation | 3.33% | 1.29% |
| Sharpe ratio | -1.21 | -1.38 |
| Sortino ratio | -1.59 | -1.83 |
| Maximum drawdown | −2.1% (30-03-2026) | −0.7% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Conservative Hybrid Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.42% | +6.67% |
| Standard deviation | 3.85% | 1.13% |
| Sharpe ratio | 0.10 | 0.57 |
| Sortino ratio | 0.13 | 0.83 |
| Maximum drawdown | −4.1% (28-02-2025) | −0.7% (23-10-2026) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Conservative Hybrid Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.43% | +5.83% |
| Standard deviation | 9.14% | 1.05% |
| Sharpe ratio | 0.40 | 0.03 |
| Sortino ratio | 1.26 | 0.04 |
| Maximum drawdown | −4.1% (07-03-2022) | −1.2% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | Bank of India Conservative Hybrid Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +8.02% | +5.51% |
| Standard deviation | 6.65% | 1.07% |
| Sharpe ratio | 0.30 | 0.22 |
| Sortino ratio | 0.57 | 0.31 |
| Maximum drawdown | −15.4% (23-03-2020) | −1.2% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bank of India Conservative Hybrid Fund (Direct)
Mirae Asset Banking and PSU Debt Fund (Direct)
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bank of India Conservative Hybrid Fund (Direct) | −4.1% | 17-01-2022 | 07-03-2022 | 31-03-2022 | 24 days | −1.6% |
| Mirae Asset Banking and PSU Debt Fund (Direct) | −1.2% | 05-04-2022 | 09-05-2022 | 01-08-2022 | 3 months | −0.6% |
From daily values since 27-07-2020, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Conservative Hybrid Fund (Direct)
Mirae Asset Banking and PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Conservative Hybrid Fund (Direct)
Mirae Asset Banking and PSU Debt Fund (Direct)
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Bank of India Conservative Hybrid Fund (Direct)
Mirae Asset Banking and PSU Debt Fund (Direct)
Bank of India Conservative Hybrid vs Mirae Asset Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: Bank of India Conservative Hybrid Fund, September 2026; Mirae Asset Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 16.0%
- Held by both
- 5
- Only in Bank of India Conservative Hybrid
- 34
- Only in Mirae Asset Banking and PSU Debt
- 20
| Security | % of Bank of India Conservative Hybrid | % of Mirae Asset Banking and PSU Debt |
|---|---|---|
| 7.57% Indian Railway Finance Corporation Limited (18/04/2029) | 7.57% | 5.14% |
| 6.94% Government of India (11/05/2036) | 7.47% | 5.06% |
| 7.47% Small Industries Dev Bank of India (05/09/2029) | 3.00% | 3.82% |
| 6.48% Government of India (06/10/2035) | 2.56% | 2.46% |
| Corporate Debt Market Development Fund | 0.34% | 0.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 16.0% means 16.0% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bank of India Conservative Hybrid Fund
| Security | % of fund |
|---|---|
| 7.1% Government of India (18/04/2029) | 7.66% |
| Punjab National Bank (12/03/2027) | 5.89% |
| 6.27% Power Finance Corporation Limited (15/07/2027) | 4.51% |
| 7.73% Tata Capital Housing Finance Limited (14/01/2030) | 4.48% |
| 8.9% Muthoot Finance Limited (07/10/2027) | 3.80% |
Largest holdings only in Mirae Asset Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. (MD 12/02/2027) | 7.54% |
| 7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028) | 5.12% |
| 7.23% Export-Import Bank of India (MD 18/03/2031) | 5.06% |
| Punjab National Bank (MD 05/02/2027) | 5.03% |
| 7.80% HDFC Bank Ltd. (MD 03/05/2033) | 4.32% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bank of India Conservative Hybrid | Mirae Asset Banking and PSU Debt |
|---|---|---|
| Equity | 19.0% | 0.0% |
| Debt | 56.6% | 84.9% |
| Cash and others | 24.5% | 15.1% |
Market cap of stocks
| Market cap | Bank of India Conservative Hybrid | Mirae Asset Banking and PSU Debt |
|---|---|---|
| Large Cap | 11.2% | -- |
| Mid Cap | 4.6% | -- |
| Small Cap | 2.7% | -- |
| Not on AMFI's list | 0.5% | -- |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bank of India Conservative Hybrid | Mirae Asset Banking and PSU Debt |
|---|---|---|
| Pharmaceuticals & Biotechnology | 3.0% | 0.0% |
| Banks | 3.0% | 0.0% |
| Power | 2.0% | 0.0% |
| Consumer Durables | 1.6% | 0.0% |
| Non - Ferrous Metals | 1.4% | 0.0% |
| Transport Infrastructure | 1.1% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bank of India Conservative Hybrid vs Mirae Asset Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bank of India Conservative Hybrid Fund | Mirae Asset Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 0.37% |
| Base expense ratio (Direct) | 0.94% | 0.31% |
| Total expense ratio (Regular) | 2.25% | 0.82% |
| Base expense ratio (Regular) | 1.85% | 0.69% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare Bank of India Conservative Hybrid with
- Bank of India Conservative Hybrid vs Parag Parikh Conservative Hybrid
- Bank of India Conservative Hybrid vs HSBC Conservative Hybrid
- Bank of India Conservative Hybrid vs ICICI Prudential Conservative Hybrid
- Bank of India Conservative Hybrid vs Nippon India Conservative Hybrid
- Bank of India Conservative Hybrid vs Aditya Birla Sun Life Conservative Hybrid
Compare Mirae Asset Banking and PSU Debt with
- Mirae Asset Banking and PSU Debt vs UTI Banking & PSU Debt
- Mirae Asset Banking and PSU Debt vs Franklin India Banking & PSU Debt
- Mirae Asset Banking and PSU Debt vs LIC MF Banking & PSU Debt
- Mirae Asset Banking and PSU Debt vs SBI Banking & PSU Debt
- Mirae Asset Banking and PSU Debt vs Kotak Banking and PSU Debt
Bank of India Conservative Hybrid Fund vs Mirae Asset Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between Bank of India Conservative Hybrid Fund and Mirae Asset Banking and PSU Debt Fund?
Bank of India Conservative Hybrid Fund is a Conservative Hybrid fund, Mirae Asset Banking and PSU Debt Fund is a Banking & PSU fund, run by Bank of India Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 16.0%. Bank of India Conservative Hybrid Fund charges 1.18% a year and Mirae Asset Banking and PSU Debt Fund 0.37%.
Which has given higher returns, Bank of India Conservative Hybrid Fund or Mirae Asset Banking and PSU Debt Fund?
Over 1 year: Bank of India Conservative Hybrid Fund +1.21%, Mirae Asset Banking and PSU Debt Fund +3.46%. Over 3 years: Bank of India Conservative Hybrid Fund +6.42% a year, Mirae Asset Banking and PSU Debt Fund +6.67% a year. Over 5 years: Bank of India Conservative Hybrid Fund +9.43% a year, Mirae Asset Banking and PSU Debt Fund +5.83% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Bank of India Conservative Hybrid Fund or Mirae Asset Banking and PSU Debt Fund?
Mirae Asset Banking and PSU Debt Fund charges less: 0.37% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bank of India Conservative Hybrid Fund and Mirae Asset Banking and PSU Debt Fund overlap?
16.0%. They hold 5 of the same securities, the largest shared ones being 7.57% Indian Railway Finance Corporation Limited (18/04/2029), 6.94% Government of India (11/05/2036), 7.47% Small Industries Dev Bank of India (05/09/2029). From each fund's latest monthly portfolio.
Which is better for SIP, Bank of India Conservative Hybrid Fund or Mirae Asset Banking and PSU Debt Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,16,978 in Bank of India Conservative Hybrid Fund (XIRR 6.3% a year) and ₹7,12,105 in Mirae Asset Banking and PSU Debt Fund (XIRR 6.0% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Bank of India Conservative Hybrid Fund and Mirae Asset Banking and PSU Debt Fund?
Yes. 16.0% of each fund's money sits in the same holdings, so some of the two investments would move together.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.