Mirae Asset Banking and PSU Fund - Regular 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.

No of Debt Holding 27 (Category Avg - 60.76) | Modified Duration 3.36 Years (Category Avg - 2.93)| Yield to Maturity 6.64% (Category Avg - 6.66%)

Portfolio Summary (as on 30th Nov,2025)

Security Type	% Weight	Category Average
GOI	16.65%	14.57%
CD	5.50%	5.77%
T-Bills	0.00%	0.04%
CP	0.00%	0.09%
NCD & Bonds	73.08%	73.55%
PTC	0.00%	0.84%

Category - Banking and PSU Fund

Security Type	% Weight	Category Average
Government Backed	16.65%	14.60%
Low Risk	78.58%	80.25%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Banking and PSU Fund

Debt holding in Portfolio (as on 30th Nov,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			35.98	8.00%	3.55 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	30.61	6.81%	3.00 L
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	30.45	6.77%	3.00 L
Bond - Govt of India	GOI	Other			29.55	6.57%	3.00 L
Bond - Small Industries Development Bank Of India	CD	Financial institution	P1+	CRISIL	24.73	5.50%	2.50 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	20.81	4.63%	2.00 L
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	20.50	4.56%	2.00 L
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	19.81	4.40%	2.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	18.34	4.08%	1.80 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	15.39	3.42%	1.50 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	15.35	3.41%	1.50 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	15.23	3.39%	1.50 L
Bond - Housing & Urban Development Corporation Ltd.	NCD & Bonds	Financial institution	LAAA	ICRA	15.07	3.35%	1.50 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	10.29	2.29%	1.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	10.28	2.29%	1.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	10.25	2.28%	1.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	10.21	2.27%	1.00 L
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	10.20	2.27%	1.00 L
Bond - India Infrastructure Finance Co. Ltd.	NCD & Bonds	Financial institution	INDAAA	FITCH	10.18	2.26%	1.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	10.17	2.26%	1.00 L
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	10.15	2.26%	1.00 L
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	10.11	2.25%	1.00 L
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	10.07	2.24%	1.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	10.03	2.23%	1.00 L
Bond - Mindspace Business Parks REIT	NCD & Bonds	Real estate investment trusts (reits)	AAA	CRISIL	10.01	2.23%	1.00 L
Bond - Govt of India	GOI	Other			9.38	2.08%	1.00 L
Bond - National Housing Bank	NCD & Bonds	Financial institution	AAA	CRISIL	5.08	1.13%	50.00 k

Name	Type of Instrument	Weight (%)
Net Receivables	Net Receivables	3.15%
TREPS	TREPS	1.04%
Net Receivables	Net Receivables	0.61%

Mirae Asset Banking and PSU Fund - Regular Plan - Growth

Portfolio Summary (as on 30th Nov,2025)

Debt holding in Portfolio (as on 30th Nov,2025)

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