Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Banking and PSU Fund - Regular Plan - Growth
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 2/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 53/100 · Average
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)6.83%
- Expense ratio (20%)0.37%
- AUM (15%)₹40 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Debt · Banking and PSU
₹14.03
AUM: ₹39 Cr
NAV updated 3 days ago
Plan
Regular
Option
Growth
Risk
Moderate
Expense Ratio
0.37%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Jul 2020
Benchmark
CRISIL Banking and PSU Debt A-II Index
Sharpe Ratio
-1.73
Std Dev (1Y)
1.28%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.07%
3m
+0.69%
6m
+2.84%
1y
+4.66%
3y
+6.83%
5y
+5.9%
10y
—
since inception
+5.18%
TopFund's Take on Mirae Asset Banking and PSU Fund - Regular Plan - Growth
Mirae Asset Banking and PSU Fund - Regular Plan - Growth sits in the middle of the pack for Banking and PSU funds, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 53/100.
Cost: At 0.37%, the expense ratio is roughly in line with the Banking and PSU category average of 0.35% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -1.73 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 1.28% is on the lower side for a Banking and PSU fund, suggesting a comparatively smoother ride.
Who should invest: This fund is best suited to conservative investors prioritising capital stability and predictable income over high growth.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Banking and PSU Fund - Regular Plan - Growth
The current NAV (Net Asset Value) of Mirae Asset Banking and PSU Fund - Regular Plan - Growth is ₹14.03. NAV is updated every business day after market close by AMFI.
1Y: 4.66% · 3Y CAGR: 6.83% · 5Y CAGR: 5.9%
The expense ratio of Mirae Asset Banking and PSU Fund - Regular Plan - Growth is 0.37% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Banking and PSU Fund - Regular Plan - Growth is managed by Mahendra Kumar Jajoo at Mirae Asset Mutual Fund.
Mirae Asset Banking and PSU Fund - Regular Plan - Growth is classified as a Moderate risk fund. It is suitable for investors with a moderate risk appetite.
Mirae Asset Banking and PSU Fund - Regular Plan - Growth is a Banking and PSU fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Banking and PSU Fund - Regular Plan - Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Banking and PSU Fund - Regular Plan - Growth is ₹40 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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