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 Mutual Fund

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

Full rating methodology →

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

+0.38 (+2.81%)

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

Financial 73.45%
Entities 7.47%
Industrials 2.52%
Real Estate 2.50%

Asset Allocation

Debenture 29.18%
Certificate of Deposit 23.12%
Non Convertible Debenture 12.45%
Repo 10.35%
Bonds 9.97%
GOI Securities 7.47%
Bonds/NCDs 3.75%
Net Receivables 2.99%
Alternative Investment Fund 0.72%

Frequently Asked Questions about Mirae Asset Banking and PSU Fund - Regular Plan - Growth

* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.

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