Mirae Asset Banking and PSU Debt Fund is a Banking & PSU fund run by Mirae Asset Mutual Fund. On 30-09-2026, it managed ₹39 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 6.7% a year and its Regular plan returned 6.2% a year.
NAV (Direct plan)
₹13.99
▲ 0.01% · 30-10-2026
NAV (Regular plan)
₹13.60
▲ 0.01% · 30-10-2026
Expense ratio
0.37%Direct0.82%Regular
0.37%
A year
Riskometer
Not available
Set by the fund house
3 year return
6.7%Direct6.2%Regular
6.7%
A year
Mirae Asset Banking and PSU Debt Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹13.99 (up 0.01% that day); Regular Plan Growth ₹13.60 (up 0.01% that day).
This fund (Direct plan)
₹13.9857
Mirae Asset Banking and PSU Debt Fund Returns vs Banking & PSU Funds
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.33%
0.00%
+2.18%
+3.46%
+6.67%
+5.83%
--
This fund (Regular)
−0.37%
−0.11%
+1.95%
+2.99%
+6.18%
+5.36%
--
Banking & PSU average
−0.21%
+0.14%
+2.36%
+4.04%
+6.88%
+6.22%
--
Best in Banking & PSU
+0.29%
+1.41%
+3.21%
+5.74%
+7.47%
+7.79%
--
Worst in Banking & PSU
−0.45%
−0.53%
+1.89%
+2.97%
+6.32%
+5.58%
--
Rank in Banking & PSU
13/19
9/19
11/19
16/19
16/18
15/16
--
Category rows compare the Direct plans of 19 Banking & PSU funds. Rank 1 is the highest return. The fund house names no benchmark we can show, so the category average is the comparison.
Mirae Asset Banking and PSU Debt Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
2026to date
+2.80%
+2.41%
2025
+7.39%
+6.91%
2024
+8.45%
+7.95%
2023
+6.79%
+6.32%
2022
+3.13%
+2.67%
2021
+3.84%
+3.39%
Mirae Asset Banking and PSU Debt Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 787 periods, one for each trading day from 27-07-2023 to 30-10-2026.
0%2%4%6%8%10%
Mirae Asset Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
Oct 2020 to Oct 2023May 2021 to May 2024Dec 2021 to Dec 2024Jun 2022 to Jun 2025Jan 2023 to Jan 2026Jul 2023 to Jul 2026
Mirae Asset Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
0%
0%
Below 0%
16%
9%
0-5%
84%
92%
5-10%
0%
0%
10-15%
0%
0%
15-20%
0%
0%
20-25%
0%
0%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
1,274
6.6%
1.8%
10.4%
0%
6.8%
14%
2 years
1,030
6.8%
3.3%
8.5%
0%
7.0%
3%
3 years
787
6.4%
4.4%
8.0%
0%
6.7%
0%
5 years
304
6.0%
5.7%
6.2%
0%
6.3%
0%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Category median
Beat category
1 year
64
6.0%
1.0%
11.2%
0%
6.4%
16%
2 years
52
6.4%
2.6%
9.7%
0%
6.8%
10%
3 years
40
6.7%
4.9%
8.9%
0%
7.0%
5%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat category" counts the periods in which the fund did better than the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. Past returns do not promise future returns.
Mirae Asset Banking and PSU Debt Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
Mirae Asset Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+3.46%
+4.04%
Standard deviation
1.29%
1.18%
Sharpe ratio
-1.38
-1.02
Sortino ratio
-1.83
-1.39
Maximum drawdown
−0.72%
(23-10-2026)
−0.54%
(02-04-2026)
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.
Measure
Mirae Asset Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+6.67%
+6.89%
Standard deviation
1.13%
1.00%
Sharpe ratio
0.57
0.87
Sortino ratio
0.83
1.29
Maximum drawdown
−0.72%
(23-10-2026)
−0.54%
(02-04-2026)
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.
Measure
Mirae Asset Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+5.83%
+6.19%
Standard deviation
1.05%
0.98%
Sharpe ratio
0.03
0.39
Sortino ratio
0.04
0.54
Maximum drawdown
−1.2%
(09-05-2022)
−0.91%
(05-05-2022)
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.
Measure
Mirae Asset Banking and PSU Debt Fund (Direct)This fund
Category average
Return (CAGR)
+5.51%
+5.89%
Standard deviation
1.07%
1.04%
Sharpe ratio
0.22
0.60
Sortino ratio
0.31
0.85
Maximum drawdown
−1.2%
(09-05-2022)
−1.1%
(26-02-2021)
From daily NAVs, 27-07-2020 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.
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.
−1.2%−1%−0.8%−0.6%−0.4%−0.2%0%
Mirae Asset Banking and PSU Debt Fund (Direct)
Category average, 19 Banking & PSU funds
202120222023202420252026
Mirae Asset Banking and PSU Debt Fund (Direct)Category average, 19 Banking & PSU funds
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
Mirae Asset Banking and PSU Debt Fund (Direct)
−1.2%
05-04-2022
09-05-2022
01-08-2022
3 months
−0.56%
Category average
−1.1%
08-01-2021
26-02-2021
06-04-2021
39 days
−0.37%
From the Direct plan's daily NAV since 27-07-2020, adjusted for unit splits, and the average of the 19 Banking & PSU funds (Direct plans, each weighted the same) over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
Mirae Asset Banking and PSU Debt Fund vs Other Banking & PSU Funds
The five Banking & PSU funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
Mirae Asset Banking and PSU Debt Fund Expense Ratio and Costs
What each plan charges a year, in force from 29-09-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Banking & PSU median
Cost rank (1 = cheapest)
Direct
0.31%
0.01%
0.00%
0.05%
0.37%
0.36%
11/19
Regular
0.69%
0.01%
0.00%
0.12%
0.82%
0.70%
18/19
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Banking & PSU funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
2.99%
3.46%
0.47%
₹1,02,990
₹1,03,460
3 years
6.18%
6.67%
0.49% a year
₹1,19,709
₹1,21,374
5 years
5.36%
5.83%
0.47% a year
₹1,29,831
₹1,32,753
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
Mirae Asset Banking and PSU Debt Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 27-07-2020 to 30-10-2026: 76 instalments, ₹7,60,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planMirae Asset Banking and PSU Debt Fund (Direct)
₹7,60,000
₹9,17,556
₹1,57,556
5.9%
Regular planMirae Asset Banking and PSU Debt Fund (Regular)
Direct planMirae Asset Banking and PSU Debt Fund (Direct)Regular planMirae Asset Banking and PSU Debt Fund (Regular)Category averageCategory average, 19 Banking & PSU fundsAmount invested
From each plan's published NAV (Growth option) and the category average, 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.
Mirae Asset Banking and PSU Debt Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
84.9%Debt
Asset
Fund
Category
Debt
84.9%
91.5%
Cash and others
15.1%
8.5%
Credit rating
Bonds and money market papers by credit rating, % of the fund. Category: the average of 19 Banking & PSU funds.
Rating
Fund
Category
Sovereign
9.8%
8.9%
AAA and A1+
75.1%
81.8%
Mirae Asset Banking and PSU Debt Fund Portfolio Holdings
As on 30-09-2026 · 25 holdings · from the fund house's monthly portfolio
Holdings
Rating
Weight%
Kotak Mahindra Bank Ltd. (MD 12/02/2027)
CRISIL A1+
7.54%
7.57% Indian Railway Finance Corporation Ltd. (MD 18/04/2029) · Bond
CRISIL AAA
5.14%
7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028) · Bond
CRISIL AAA
5.12%
6.94% Government of India (MD 11/05/2036) · Government security
Sovereign
5.06%
7.23% Export-Import Bank of India (MD 18/03/2031) · Bond
CRISIL AAA
5.06%
Punjab National Bank (MD 05/02/2027) · Certificate of deposit
CRISIL A1+
5.03%
7.80% HDFC Bank Ltd. (MD 03/05/2033) · Bond
CRISIL AAA
4.32%
7.62% National Bank for Agriculture and Rural Development (MD 10/05/2029) · Bond
CRISIL AAA
3.84%
7.47% Small Industries Development Bank of India (MD 05/09/2029) · Bond
CRISIL AAA
3.82%
6.52% REC Ltd. (MD 31/01/2028) · Bond
[ICRA]AAA
3.80%
Indian Bank (MD 12/01/2027) · Certificate of deposit
CRISIL A1+
3.79%
7.12% Housing and Urban Development Corporation Ltd. (MD 26/12/2034) · Bond
[ICRA]AAA
3.69%
7.56% India Infrastructure Finance Company Ltd. (MD 20/03/2028) · Bond
IND AAA
2.57%
7.42% Power Finance Corporation Ltd. (MD 15/04/2028) · Bond
CRISIL AAA
2.56%
7.54% Knowledge Realty Trust (MD 08/05/2029) · Bond
CRISIL AAA
2.55%
6.95% REC Ltd. (MD 18/02/2028) · Bond
CRISIL AAA
2.55%
7.42% Small Industries Development Bank of India (MD 12/03/2029) · Bond
CRISIL AAA
2.55%
ICICI Bank Ltd. (MD 12/02/2027)
[ICRA]A1+
2.51%
Canara Bank (MD 12/03/2027) · Certificate of deposit
CRISIL A1+
2.50%
6.87% REC Ltd. (MD 31/05/2030) · Bond
[ICRA]AAA
2.49%
6.48% Government of India (MD 06/10/2035) · Government security
Sovereign
2.46%
Small Industries Development Bank of India (MD 20/08/2027) · Certificate of deposit
CRISIL A1+
2.41%
6.90% Government of India (MD 15/04/2065) · Government security
Sovereign
2.31%
7.45% Export-Import Bank of India (MD 12/04/2028) · Bond
CRISIL AAA
1.28%
Corporate Debt Market Development Fund - Class A2
0.73%
Mirae Asset Banking and PSU Debt Fund Portfolio Overlap
Funds with the most similar portfolios, across every fund house and category
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
Mirae Asset Banking and PSU Debt Fund Overview
Fund facts from the scheme summary document
Expense ratio (Direct)
0.37%
Expense ratio (Regular)
0.82%
Category
Banking & PSU
Risk
Not available
Benchmark
Not available
Launch date
Not available
Minimum investment
Not available
Minimum additional investment
Not available
AUM
₹38.86 Cr (30-09-2026)
Lock in
Not available
Scheme code (Direct)
148419
ISIN (Direct)
INF769K01FY9
Scheme code (Regular)
148416
ISIN (Regular)
INF769K01FV5
NAV history
From 27-07-2020, 6.3 years
Exit load
Not available
Tax on Mirae Asset Banking and PSU Debt Fund returns
Mirae Asset Banking and PSU Debt Fund is taxed as a debt fund: 65% or more of it is in bonds and money market papers.
For units bought on or after 01-04-2023, the gain is added to your income and taxed at your slab rate, however long you hold the units.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹13.9857
30-10-2026
direct
IDCW
₹13.9785
30-10-2026
regular
Growth
₹13.5974
30-10-2026
regular
IDCW
₹13.5985
30-10-2026
About Mirae Asset Banking and PSU Debt Fund
Mirae Asset Banking and PSU Debt Fund is a mutual fund from Mirae Asset Mutual Fund. Its category is Banking & PSU. At the end of September 2026 it held 25 securities.
Frequently Asked Questions for Mirae Asset Banking and PSU Debt Fund
What is the current NAV of Mirae Asset Banking and PSU Debt Fund?
The Direct plan NAV is ₹13.9857. The Regular plan NAV is ₹13.5974, as on 30-10-2026.
What are the returns of Mirae Asset Banking and PSU Debt Fund?
The Direct plan returned +3.46% in 1 year, +6.67% a year over 3 years, +5.83% a year over 5 years. The Regular plan returned +2.99% in 1 year, +6.18% a year over 3 years, +5.36% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of Mirae Asset Banking and PSU Debt Fund?
The Direct plan charges 0.37% a year. The Regular plan charges 0.82% a year. This is the figure the fund house reported to AMFI, in force from 29-09-2026.
What is the AUM of Mirae Asset Banking and PSU Debt Fund?
Mirae Asset Banking and PSU Debt Fund managed ₹38.86 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of Mirae Asset Banking and PSU Debt Fund?
At the end of September 2026 the largest holdings were Kotak Mahindra Bank Ltd. (MD 12/02/2027) (7.54%), 7.57% Indian Railway Finance Corporation Ltd. (MD 18/04/2029) (5.14%), 7.48% National Bank for Agriculture and Rural Development (MD 15/09/2028) (5.12%), 6.94% Government of India (MD 11/05/2036) (5.06%), 7.23% Export-Import Bank of India (MD 18/03/2031) (5.06%). The fund held 25 securities in all.
How do I invest in Mirae Asset Banking and PSU Debt Fund?
Through Mirae Asset Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.
How does Mirae Asset Banking and PSU Debt Fund rank in its category?
The Direct plan ranks 16 of 18 Banking & PSU funds by its 3 year return. The category average is +6.88% a year.
What is the difference between the Direct and Regular plan of Mirae Asset Banking and PSU Debt Fund?
Both plans hold the same investments. The Regular plan pays a commission to the distributor who sold it, so it charges more. The Direct plan charges 0.37% a year and the Regular plan 0.82%. The lower charge is why the Direct plan's NAV is higher.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its 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.
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