Banking and PSU Fund

Mirae Asset Banking and PSU Debt Fund

Banking and PSU Fund - 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

Official details checked 06 September 2026 · latest available AMFI NAV dated 04 Sep 2026
Reference NAV₹14.0491Mirae Asset Banking and PSU Debt Fund - Direct Plan - Growth · NAV date 04 Sep 2026
RiskometerModerateCan change monthly
Expense ratioRegular 0.82%, Direct 0.37%Official stated figure; verify current TER
Allotment / launch24 Jul 2020Mirae Asset Mutual Fund
Full official AMFI Scheme Summary Document available below.

Saved AMFI NAV is visible. Checking for the latest available AMFI report after page load · saved snapshot 04 Sep 2026.

Plain-language summary

Primarily market-linked growth exposure

The investment objective of the scheme is 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.The Scheme does not guarantee or assure any returns.

Who may study it further

Investors with a long horizon who can tolerate meaningful falls in value.

Main risks to understand

Share-price volatility, valuation risk, concentration and tracking risk where applicable.

Not an income promise: The objective describes what the manager aims to do. It is not a guaranteed result, return or capital-protection statement.
Portfolio design

How the money may be invested

Debt Instruments* issued by Banks, Public Sector Undertakings (PSUs) & Public Financial Institutions (PFIs) and Municipal Bonds - 80% to 100%(Low to Medium)Debt (including government securities) and Money Market Instruments issued by entities other than Banks, PFIs, PSUs and Municipal Bonds and Units issued by InVITs - 0% to 20% (Low to Medium) *Debt instruments” include all categories of debt instruments, including ‘money market instrument

SEBI category
Banking and PSU Fund
Fund type
Banking and PSU Fund - 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
Primary benchmark
CRISIL Banking and PSU Debt A-II Index
Secondary benchmark
Crisil Liquid Fund Index
Top holdings

Use the latest monthly portfolio

Top holdings are the largest securities currently owned by the scheme. Names and weights can change every month, so a copied list can become misleading. Open the AMC's current official portfolio or factsheet below and look for this exact fund name.

Live verificationMirae Asset Banking and PSU Debt FundConfirm the reporting month, security name, sector and percentage of net assets.
Fund management

Manager and scheme tenure

Fund manager(s)
Ms. Kruti Chheta
Manager tenure on this scheme
Since Ms Kruti Chheta - February 01, 2024
Role / co-management
Ms. Kruti Chheta - Primary

The tenure above is experience managing this scheme, not the manager's total career experience. For education, qualifications and prior roles, open the latest official AMC factsheet or manager profile below.

Plans and options

Latest NAV records

NAV is a per-unit accounting value. Compare returns, portfolio, risk and cost — never choose a fund only because its NAV looks low.

Plan / option reported by AMFINAVDate
Mirae Asset Banking and PSU Debt Fund - Direct Plan - Growth₹14.049104 Sep 2026
Mirae Asset Banking and PSU Debt Fund - Direct Plan - IDCW₹14.041804 Sep 2026
Mirae Asset Banking and PSU Debt Fund - Regular Plan - Growth₹13.668304 Sep 2026
Mirae Asset Banking and PSU Debt Fund - Regular Plan - IDCW₹13.669404 Sep 2026
Costs and access

What you pay and how money moves

Stated expense ratio
Regular 0.82%, Direct 0.37%
Exit load
NIL
Minimum application
5000 · multiples of 1
SIP frequency
SIP - Monthly / Quarterly SWP - Monthly / Quarterly / Halfyearly / Yearly STP - Daily / Weekly / Fortnightly / Monthly / Quarterly
Minimum SIP amount
1000
Minimum instalments
5
Expense ratios change. Direct and regular plans normally have different expense ratios. Read the latest TER disclosure before investing.
Premium-free process

How a mutual-fund investment is paid

  1. Complete KYCIdentity, PAN, bank and contact verification are required.
  2. Choose route and optionUnderstand direct vs regular and growth vs IDCW before selecting.
  3. Choose SIP or lump sumSIP uses an automated mandate; lump sum is a one-time payment.
  4. Receive units at applicable NAVCut-off time, cleared funds and scheme rules determine the applicable NAV.
  5. Review, do not chaseTrack goal fit, risk, manager/mandate changes, costs and portfolio — not daily noise.
Original documents

Download and verify at source

The packaged Scheme Summary PDF is the official AMFI file, unchanged. Live AMC links are included for time-sensitive factsheets, top holdings and portfolios.

Source verification date: 06 September 2026. If a live document differs from this page, rely on the newer official document.

Need a human explanation?

Talk through the fund, costs and risks before deciding.

Educational support only — no promise of returns.

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