Mirae Asset Banking and PSU Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

Scheme Objective

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.

Scheme Details

Fund manager(s) – Kruti Chheta
Launch date – 24-Jul-2020
Expense ratio – 0.36% as declared on 30-Sep-2025 (category average is 0.32%)
Benchmark - CRISIL Banking and PSU Debt A-II Index

Min SIP amount - ₹
Min investment amount (one time- first time) - ₹
Min investment amount (addtional purchase) - ₹
Type : Open Ended Fund. You can invest any time in this fund.

Exit Load

Data not available.

Asset Monitor

Total AUM for this Scheme (Cr)

Category Total AUM (Cr)

% of Assets in Category

2025

46.09

0.00

0.00%

Oct - 2025	46.09	0.00%
Sep - 2025	46.00	0.00%
Aug - 2025	48.07	0.00%
Jul - 2025	47.99	0.00%
Jun - 2025	47.80	0.00%
May - 2025	47.74	0.00%
Apr - 2025	46.59	0.00%
Mar - 2025	47.03	0.00%
Feb - 2025	47.92	0.00%
Jan - 2025	49.03	0.00%

2024

50.96

0.00

0.00%

Dec - 2024	50.96	0.00	0.00%
Nov - 2024	53.40	0.00	0.00%
Oct - 2024	55.22	0.00	0.00%
Sep - 2024	55.77	0.00	0.00%
Aug - 2024	58.02	0.00	0.00%
Jul - 2024	58.15	0.00	0.00%
Jun - 2024	58.89	0.00	0.00%
May - 2024	58.34	81477.95	0.07%
Apr - 2024	59.30	80680.29	0.07%
Mar - 2024	60.35	80890.55	0.07%
Feb - 2024	62.66	80223.63	0.08%
Jan - 2024	66.31	80069.00	0.08%

2023

70.04

80183.65

0.09%

Dec - 2023	70.04	80183.65	0.09%
Nov - 2023	77.05	80346.64	0.10%
Oct - 2023	79.89	79368.49	0.10%
Sep - 2023	81.59	79654.45	0.10%
Aug - 2023	86.10	80332.61	0.11%
Jul - 2023	93.05	80956.57	0.11%
Jun - 2023	90.26	81787.54	0.11%
May - 2023	91.23	81736.87	0.11%
Apr - 2023	91.84	81110.56	0.11%
Mar - 2023	87.49	78484.15	0.11%
Feb - 2023	89.81	73314.34	0.12%
Jan - 2023	92.11	73318.83	0.13%

2022

94.98

74208.59

0.13%

Dec - 2022	94.98	74208.59	0.13%
Nov - 2022	99.04	75252.58	0.13%
Oct - 2022	96.84	76651.58	0.13%
Sep - 2022	103.35	77785.30	0.13%
Aug - 2022	107.32	81880.91	0.13%
Jul - 2022	110.31	82785.88	0.13%
Jun - 2022	113.75	85128.49	0.13%
May - 2022	119.51	88850.75	0.13%
Apr - 2022	144.40	90323.24	0.16%
Mar - 2022	144.04	93415.66	0.15%
Feb - 2022	147.97	101302.44	0.15%
Jan - 2022	175.51	104608.33	0.17%

2021

183.21

106513.22

0.17%

Dec - 2021	183.21	106513.22	0.17%
Nov - 2021	188.46	113508.73	0.17%
Oct - 2021	198.38	116806.57	0.17%
Sep - 2021	200.88	117918.18	0.17%
Aug - 2021	206.26	122278.79	0.17%
Jul - 2021	210.10	120422.40	0.17%
Jun - 2021	225.02	120829.19	0.19%
May - 2021	228.42	120285.43	0.19%
Apr - 2021	225.25	119665.32	0.19%
Mar - 2021	235.26	118145.36	0.20%
Feb - 2021	260.39	125193.80	0.21%
Jan - 2021	272.02	127435.11	0.21%

2020

274.43

124611.44

0.22%

Dec - 2020	274.43	124611.44	0.22%
Nov - 2020	277.00	123371.11	0.22%
Oct - 2020	257.78	118432.81	0.22%
Sep - 2020	254.52	111348.87	0.23%
Aug - 2020	245.96	104914.41	0.23%
Jul - 2020	199.24	103791.81	0.19%

Tax Rate

Any profit will be clubbed with your income and taxed at your effective tax rate.

Contact Details

Mirae Asset Investment Managers (India) Pvt. Ltd.

Unit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098
Tel no.: 022-67800300
Fax no.: 022-67253942
Website.: www.miraeassetmf.co.in