Mirae Asset Banking And Psu Debt Fund - Direct Plan - Growth

Fixed Income | Banking & PSU Fund

(NAV as of 17/05/2024)

12.05 (-0.01)

3Y Returns

5.14%

Min SIP

₹1000

Min Lumpsum

₹5000

Expense Ratio

0.39%

Fund Size

₹70 Cr

Inception Date

24-Jul-20

Fund Manager

Basant Bafna

Exit Load

Nil.

Wealthzi View

Fund Traits

Zi Tags

Description

Interest Rate Sensitivity

This fund has a modified duration of 1.5 to 4 years, thus it has medium interest rate sensitivity.

Net Yield to Maturity

Net YTM of this fund is among the bottom quartile in Banking & PSU Fund category.

Fund Size

This fund has a low range AUM which may create liquidity issues in unforeseen times.

1Y Returns

1 year returns of this fund are among the mid quartile in Banking & PSU Fund category.

Portfolio Credit Quality

This fund has portfolio holdings in high rated AAA bonds and papers.

Bad Credit Event

This fund has not observed any bad credit event in the last 5 years.

Overall Fund Zi Tag

Interest Rate Sensitivity

→

Net Yield to Maturity

→

Fund Size

→

1Y Returns

→

Portfolio Credit Quality

→

Bad Credit Event

→

Overall Fund Zi Tag

Asset Allocation

Equity

0.00%

Debt & Others

100.00%

Market Cap Allocation

Large Cap

0.00%

Mid Cap

0.00%

Small Cap

0.00%

Other Cap

100.00%

Sector Allocation

Banks

35.13%

Finance

32.33%

Govt-Sec

17.36%

Cash/Deposits/Margins/Treps/Repo/Swaps

8.82%

Power

6.00%

Top Ten Holdings

7.18% Government of India (MD 14/08/2033)

9.83%

7.54% Housing & Urban Development Corporation Limited (MD 11/02/2026) **

7.51%

7.54% State Bank of India (MD 01/08/2038) **

7.50%

7.47% Small Industries Dev Bank of India (MD 25/11/2025) **

7.49%

7.4% National Bank For Agriculture and Rural Development (MD 30/01/2026) **

7.48%

Investment Objective

The Investment Objective Of The Scheme Is 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.

Fund House Detail

AMC Name

Mirae Asset Investment Managers (India) Private Limited

Scheme Document

https://www.miraeassetmf.co.in/downloads/forms

Address

Unit 606, 6th Floor, Windsor,Off CST Road, Kalina, Santacruz (E),Mumbai - 400 098

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