(Erstwhile known as Mirae Asset Banking and PSU Fund )
Aim to add the power of banking and PSU to your portfolio
Relative Safety: Fund will have higher Allocation in AAA rated instruments
Liquidity: High Liquidity by investing in G-sec and Banking & PSU papers
Duration: Generally maintain duration of 2 to 5 years with use of G-sec to shift duration
Style: Active management based on credit spread and interest rate outlook
An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and moderate credit risk.
Ms. Kruti Chheta
CRISIL Banking and PSU Debt A-II Index
Rs 5,000/- and in multiples of Re. 1/- thereafter.
Regular Plan and Direct Plan
Growth Option and IDCW (Payout / Reinvestment)
Moderate
Click here to view
Click here to view the latest TER.
1+years
Investment in debt papers of banking and PSUs
Income Generation
For Historic NAV Click here
Mirae Asset Debt Investment Process and Philosophy
Mirae Asset Banking and PSU Fund is suitable for investors who are seeking income over the short to medium term. The fund aims to generate income and capital appreciation by predominantly investing in debt and money market instruments issued by banks, Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs), and municipal bodies. The scheme's riskometer indicates that the risk associated with the scheme is Moderate. The benchmark riskometer, based on the AMFI Tier 1 Benchmark and the CRISIL Banking and PSU Debt A-II Index, indicates that the benchmark risk level is Low to Moderate. Investors should carefully evaluate their investment objectives, investment horizon, and risk appetite before investing. If investors are unsure about the suitability of this product, they should consult their financial advisor.
Potential Risk Class Matrix (PRC)
| Credit Risk → Interest Rate Risk↓ | Relatively Low (Class A) | Moderate (Class B) | Relatively High (Class C) |
|---|---|---|---|
| Relatively Low (Class I) | |||
| Moderate (Class II) | |||
| Relatively High (Class III) | B-III |
(Erstwhile known as Mirae Asset Banking and PSU Debt Fund)
View Performance of the funds managed by the Fund Manager
How to achieve your goal
(Erstwhile known as Mirae Asset Banking and PSU Debt Fund)
| Name | Allocation | |
| CORPORATE BOND | ||
| 1 | REC Limited | 10.73% |
| 2 | Hindustan Petroleum Corporation Limited | 7.17% |
| 3 | Power Finance Corporation Limited | 7.07% |
| 4 | Housing & Urban Development Corporation Limited | 7.06% |
| 5 | National Housing Bank | 6.97% |
| 6 | Oil & Natural Gas Corporation Limited | 6.89% |
| 7 | National Bank For Agriculture and Rural Development | 6.88% |
| 8 | Indian Oil Corporation Limited | 5.32% |
| 9 | Power Grid Corporation of India Limited | 3.62% |
| 10 | NHPC Limited | 3.61% |
| GOVERNMENT BOND | ||
| 1 | 5.74% GOI (MD 15/11/2026) | 3.42% |
| 2 | 5.63% GOI (MD 12/04/2026) | 1.71% |
| COMMERCIAL PAPER | ||
| 1 | Export Import Bank of India | 6.94% |
*Data as on 31st March, 2022.
ETF Website
.jpg?sfvrsn=c5742eee_2)
