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Mirae Asset Banking and PSU Fund - Regular Plan - Growth
★★★★★ monitor_heart Health Score: 53/100 · AverageMirae Asset Mutual Fund · Debt · Banking and PSU Fund
₹13.59
AUM: ₹41 Cr
NAV updated about 1 month ago
Plan
Regular
Option
Growth
Risk
Moderate
Expense Ratio
0.35%
Exit Load
Nil
Fund Manager
Mahendra Kumar Jajoo
Inception
Jul 2020
Benchmark
CRISIL Banking and PSU Debt A-II Index
Sharpe Ratio
-1.95
Std Dev (1Y)
1.26%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
+0.99%
3m
+1.23%
6m
+2.13%
1y
+4.41%
3y
+6.91%
5y
+5.89%
10y
—
since inception
+5.24%
rate_review 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 Fund 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 0.35%, the expense ratio is roughly in line with the Banking and PSU Fund 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 -1.95 — 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 1.26% is on the lower side, 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.
donut_small Sector Allocation
pie_chart Asset Allocation
info Fund Snapshot
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tips_and_updates 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 ₹13.59. NAV is updated every business day after market close by AMFI.
1Y: 4.41% · 3Y CAGR: 6.91% · 5Y CAGR: 5.89%
The expense ratio is 0.35% per annum — the annual fee deducted from your investment to cover fund management costs.
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 a Moderate risk fund. Suitable for investors with a moderate risk appetite.
Mirae Asset Banking and PSU Fund - Regular Plan - Growth is a Banking and PSU Fund fund. SIP suitability depends on your investment goal and risk profile.
The Assets Under Management (AUM) of Mirae Asset Banking and PSU Fund - Regular Plan - Growth is ₹41 crore as of the latest data.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.