Kotak Banking and PSU Debt Fund vs Mirae Asset Banking and PSU Debt Fund
Direct Plan, Growth option · Data as on 30-10-2026
Kotak Banking and PSU Debt Fund and Mirae Asset Banking and PSU Debt Fund are both Banking & PSU funds. In the 3 years to 30-10-2026, Kotak Banking and PSU Debt Fund (Direct) returned 7.0% a year and Mirae Asset Banking and PSU Debt Fund (Direct) returned 6.7% a year. Kotak Banking and PSU Debt Fund charges 0.40% a year and Mirae Asset Banking and PSU Debt Fund 0.37% (Direct plans). Their portfolios overlap 9.1%: they hold 7 of the same securities.
Kotak Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 7.0%
- Expense ratio
- 0.40%
- NAV
- ₹72.49
Mirae Asset Banking and PSU Debt Fund
Banking & PSU
- 3 year return
- 6.7%
- Expense ratio
- 0.37%
- NAV
- ₹13.99
Which is better, Kotak Banking and PSU Debt 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.
- Kotak Banking and PSU Debt returned more over 5 years: 6.3% a year against 5.8%.
- Kotak Banking and PSU Debt returned more over 3 years: 7.0% a year against 6.7%.
- Mirae Asset Banking and PSU Debt costs less: 0.37% a year against 0.40% (Direct plans).
- Mirae Asset Banking and PSU Debt swung less over 3 years: a standard deviation of 1.1% a year against 1.1%.
- Mirae Asset Banking and PSU Debt fell less in its worst fall since 27-07-2020: −1.2% against −1.4%.
- Kotak Banking and PSU Debt is the larger fund: ₹4,761 Cr against ₹39 Cr.
- Their portfolios overlap 9.1%: 7 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 | Kotak Banking and PSU Debt Fund | Mirae Asset Banking and PSU Debt Fund |
|---|---|---|
| Fund house | Kotak Mahindra Mutual Fund | Mirae Asset Mutual Fund |
| Category | Banking & PSU | Banking & PSU |
| AUM | ₹4,761 Cr (30-09-2026) | ₹39 Cr (30-09-2026) |
| NAV | ₹72.49 (Direct) | ₹13.99 (Direct) |
| Expense ratio (Direct) | 0.40% | 0.37% |
| Expense ratio (Regular) | 0.75% | 0.82% |
| Riskometer | Moderate | Not available |
| Benchmark | CRISIL Banking and PSU Debt A-II Index | Not available |
| Launch date | 29-12-1998 | Not available |
| Minimum investment | ₹100 | Not available |
| Lock in | None | Not available |
| Fund managers | Deepak Agrawal, Dharmesh Thakar | Not available |
| Exit load | Nil | Not available |
Kotak Banking and PSU Debt 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 |
|---|---|---|---|---|---|---|---|
| Kotak Banking and PSU Debt Fund (Direct) | −0.38% | −0.26% | +2.10% | +4.03% | +7.01% | +6.27% | +7.22% |
| Mirae Asset Banking and PSU Debt Fund (Direct) | −0.33% | 0.00% | +2.18% | +3.46% | +6.67% | +5.83% | -- |
| Banking & PSU average | −0.21% | +0.14% | +2.36% | +4.04% | +6.88% | +6.22% | -- |
Category average: the average of the 19 Banking & PSU funds, same plan type.
Kotak Banking and PSU Debt vs Mirae Asset Banking and PSU Debt: Year-wise Returns
| Year | KotakKotak Banking and PSU Debt | Mirae AssetMirae Asset Banking and PSU Debt |
|---|---|---|
| 2026to date | +3.07% | +2.80% |
| 2025 | +8.06% | +7.39% |
| 2024 | +8.46% | +8.45% |
| 2023 | +7.24% | +6.79% |
| 2022 | +4.03% | +3.13% |
| 2021 | +4.34% | +3.84% |
Kotak Banking and PSU Debt 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.
Kotak Banking and PSU Debt 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Kotak Banking and PSU Debt | 0.0 | 0.0 | 100.0 | 0.0 | 0.0 | 0.0 | 0.0 | 6.8% | 6.9% | 5.1% | 8.4% |
| 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.
Kotak Banking and PSU Debt 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 |
|---|---|---|---|---|
| Kotak Banking and PSU DebtKotak Banking and PSU Debt Fund (Direct) | ₹7,60,000 | ₹9,31,835 | ₹1,71,835 | 6.4% |
| Mirae Asset Banking and PSU DebtMirae Asset Banking and PSU Debt Fund (Direct) | ₹7,60,000 | ₹9,17,556 | ₹1,57,556 | 5.9% |
Kotak Banking and PSU DebtKotak Banking and PSU Debt 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.
Kotak Banking and PSU Debt 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 | Kotak Banking and PSU Debt Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +4.03% | +3.46% |
| Standard deviation | 1.35% | 1.29% |
| Sharpe ratio | -0.90 | -1.38 |
| Sortino ratio | -1.23 | -1.83 |
| Maximum drawdown | −0.8% (23-10-2026) | −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 | Kotak Banking and PSU Debt Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.01% | +6.67% |
| Standard deviation | 1.14% | 1.13% |
| Sharpe ratio | 0.86 | 0.57 |
| Sortino ratio | 1.26 | 0.83 |
| Maximum drawdown | −0.8% (23-10-2026) | −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 | Kotak Banking and PSU Debt Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.27% | +5.83% |
| Standard deviation | 1.16% | 1.05% |
| Sharpe ratio | 0.40 | 0.03 |
| Sortino ratio | 0.55 | 0.04 |
| Maximum drawdown | −1.1% (06-05-2022) | −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 | Kotak Banking and PSU Debt Fund (Direct) | Mirae Asset Banking and PSU Debt Fund (Direct) |
|---|---|---|
| Return (CAGR) | +7.94% | +5.51% |
| Standard deviation | 1.49% | 1.07% |
| Sharpe ratio | 1.33 | 0.22 |
| Sortino ratio | 2.13 | 0.31 |
| Maximum drawdown | −2.8% (24-03-2020) | −1.2% (09-05-2022) |
| Beta | -- | -- |
| Alpha | -- | -- |
From daily NAVs, 14-08-2013 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.
Kotak Banking and PSU Debt 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 |
|---|---|---|---|---|---|---|
| Kotak Banking and PSU Debt Fund (Direct) | −1.4% | 08-01-2021 | 17-03-2021 | 26-04-2021 | 40 days | −0.7% |
| 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.
Kotak Banking and PSU Debt 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.
Kotak Banking and PSU Debt 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.
Kotak Banking and PSU Debt Fund (Direct)
Mirae Asset Banking and PSU Debt Fund (Direct)
Kotak Banking and PSU Debt vs Mirae Asset Banking and PSU Debt: Portfolio Overlap
From each fund's latest monthly portfolio: Kotak Banking and PSU Debt Fund, September 2026; Mirae Asset Banking and PSU Debt Fund, September 2026
Holdings in common
- Overlap
- 9.1%
- Held by both
- 7
- Only in Kotak Banking and PSU Debt
- 53
- Only in Mirae Asset Banking and PSU Debt
- 18
| Security | % of Kotak Banking and PSU Debt | % of Mirae Asset Banking and PSU Debt |
|---|---|---|
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 2.61% | 5.12% |
| NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT | 2.09% | 3.84% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.56% | 3.82% |
| SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA | 1.04% | 2.55% |
| Central Government - 2065 | 0.85% | 2.31% |
| REC LTD | 0.52% | 3.80% |
| SBI ALTERNATIVE INVESTMENT FUND | 0.39% | 0.73% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 9.1% means 9.1% 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 Kotak Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Power Finance Corporation Ltd. | 6.90% |
| NATIONAL BANK FOR FINANCING INFRASTRUCTURE AND DEVELOPMENT | 4.15% |
| Power Grid Corporation of India Ltd. | 3.36% |
| HDFC BANK LTD. | 3.19% |
| CANARA BANK | 3.08% |
Largest holdings only in Mirae Asset Banking and PSU Debt Fund
| Security | % of fund |
|---|---|
| Kotak Mahindra Bank Ltd. (MD 12/02/2027) | 7.54% |
| 7.57% Indian Railway Finance Corporation Ltd. (MD 18/04/2029) | 5.14% |
| 6.94% Government of India (MD 11/05/2036) | 5.06% |
| 7.23% Export-Import Bank of India (MD 18/03/2031) | 5.06% |
| Punjab National Bank (MD 05/02/2027) | 5.03% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Kotak Banking and PSU Debt | Mirae Asset Banking and PSU Debt |
|---|---|---|
| Equity | 0.0% | 0.0% |
| Debt | 90.9% | 84.9% |
| Cash and others | 9.1% | 15.1% |
Kotak Banking and PSU Debt vs Mirae Asset Banking and PSU Debt: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Kotak Banking and PSU Debt Fund | Mirae Asset Banking and PSU Debt Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.40% | 0.37% |
| Base expense ratio (Direct) | 0.34% | 0.31% |
| Total expense ratio (Regular) | 0.75% | 0.82% |
| Base expense ratio (Regular) | 0.64% | 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 Kotak Banking and PSU Debt with
Kotak Banking and PSU Debt Fund vs Mirae Asset Banking and PSU Debt Fund: Frequently Asked Questions
What is the difference between Kotak Banking and PSU Debt Fund and Mirae Asset Banking and PSU Debt Fund?
Both are Banking & PSU funds, run by Kotak Mahindra Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 9.1%. Kotak Banking and PSU Debt Fund charges 0.40% a year and Mirae Asset Banking and PSU Debt Fund 0.37%.
Which has given higher returns, Kotak Banking and PSU Debt Fund or Mirae Asset Banking and PSU Debt Fund?
Over 1 year: Kotak Banking and PSU Debt Fund +4.03%, Mirae Asset Banking and PSU Debt Fund +3.46%. Over 3 years: Kotak Banking and PSU Debt Fund +7.01% a year, Mirae Asset Banking and PSU Debt Fund +6.67% a year. Over 5 years: Kotak Banking and PSU Debt Fund +6.27% 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, Kotak Banking and PSU Debt Fund or Mirae Asset Banking and PSU Debt Fund?
Mirae Asset Banking and PSU Debt Fund charges less: 0.37% a year against 0.40%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Kotak Banking and PSU Debt Fund and Mirae Asset Banking and PSU Debt Fund overlap?
9.1%. They hold 7 of the same securities, the largest shared ones being NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT, NATIONAL BANK FOR AGRICULTURE & RURAL DEVELOPMENT, SMALL INDUSTRIES DEVELOPMENT BANK OF INDIA. From each fund's latest monthly portfolio.
Which is better for SIP, Kotak Banking and PSU Debt 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 ₹7,20,022 in Kotak Banking and PSU Debt Fund (XIRR 6.5% 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 Kotak Banking and PSU Debt Fund and Mirae Asset Banking and PSU Debt Fund?
Yes. 9.1% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.