The scheme seeks 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.
Exit Load--
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsReturns are taxed as per your income tax slab.
Kruti Chheta
Ms. Chheta has done BAF (Finance and Accounts) and MBA (Finance).
Prior to joining Mirae Asset Mutual Fund, she has worked with A K Capital Services Ltd., Shriram Wealth Advisors Ltd. and Birla wealth management.
Top Holdings
Company
Sector
Asset Value (Cr)
Asset %
Housing & Urban Development Corporation Ltd. 7.54 11/02/2026
Financial
₹5.00
9.36
Axis Bank Ltd. 04/03/2026
Financial
₹4.00
9.15
Kotak Mahindra Bank Ltd. 12/02/2027
Financial
₹2.89
7.21
Canara Bank 03/06/2026
Financial
₹2.98
7.16
Mahanagar Telephone Nigam Ltd. 6.85 20/12/2030
Communication
₹2.89
6.03
REC Ltd. 7.6 28/02/2026
Financial
₹3.00
5.88
Canara Bank 18/09/2024
Financial
₹2.99
5.15
Indian Railway Finance Corporation Ltd. 7.57 18/04/2029
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Mirae Asset Banking and PSU Debt Fund is ₹13.64 as of 2026-08-24.
Mirae Asset Banking and PSU Debt Fund is classified as a Banking and PSU fund.
The Assets Under Management (AUM) of Mirae Asset Banking and PSU Debt Fund is ₹40.11 Cr.
The expense ratio of Mirae Asset Banking and PSU Debt Fund is 0.82%.
Mirae Asset Banking and PSU Debt Fund is managed by Kruti Chheta.
The minimum SIP investment for Mirae Asset Banking and PSU Debt Fund is ₹99.
As per the SEBI Riskometer, Mirae Asset Banking and PSU Debt Fund carries a Moderate risk level.
Mirae Asset Banking and PSU Debt Fund has delivered 4.46% (1Y), 6.52% (3Y) and 5.48% (5Y) annualised returns as of 2026-08-24.
Mirae Asset Banking and PSU Debt Fund was launched on 2007-11-30.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
