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Mirae Asset Banking and PSU Fund(IDCW)
Price Chart
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Key Metrics
| Expense RatioExpense Ratio | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.37 | 7.31 | 2.07 |
| No LabelNo Label | No LabelNo Label | No LabelNo Label |
|---|---|---|
| 0.50 | 7.32 | 5.18 |
Scheme Info
| PlanPlan | Lock inLock in | Exit LoadExit Load |
|---|---|---|
| IDCW | 0 yrs | 0.00% |
| SIP Inv.SIP Inv. | Min. LumpsumMin. Lumpsum |
|---|---|
| Allowed | ₹ 5,000 |
| BenchmarkBenchmark |
|---|
| CRISIL Banking and PSU Debt Index |
About Banking & PSU Fund
Banking and PSU funds are the debt funds that lend money to banks and public sector companies only. The risk of default is less as the borrowers are of high quality. The performance also depends on the interest rates in the economy.
Peers & Comparison
DebtBanking & PSU Fund
Returns
Scheme
Ratios
| Mutual Fund | 1Y Returns1Y Returns | 3Y CAGR3Y CAGR | Life CAGRLife CAGR |
|---|---|---|---|
| Mirae Asset Banking and PSU Fund(IDCW) | 8.31% | 6.01% | 5.43% |
| Bandhan Banking & PSU Debt Fund(DD-IDCW) | -0.06% | -0.02% | 0.42% |
| Axis Banking & PSU Debt Fund(W-IDCW) | -0.08% | -0.02% | 0.29% |
| Aditya Birla SL Banking & PSU Debt(IDCW-Reinv) | -11.99% | -8.21% | -0.06% |
Price Comparison
Compare Mirae Asset Banking and PSU Fund(IDCW) with any MF, ETF, stock or index
Hmm, looks like data is unavailable here. Please come back after some timeAsset Allocation
Actual
Target
Mar 2024
Jun 2024
Sep 2024
Nov 2024
ACTUAL
Mar 2024
Jun 2024
Sep 2024
Nov 2024
Sector Distribution
Mar 2024
Jun 2024
Sep 2024
Nov 2024
Sector Weightage
Current Holdings
Debt
Others
- ConstituentHolding Weight3M Change
- 7.54% Housing & Urban Development Corporation Limited (11/02/2026)3M change : 0.75 %|
Holdings
9.36 %
0.75 % - 6.79% Government of India (07/10/2034)3M change : 8.45 %|
Holdings
8.45 %
8.45 % - 7.68% Small Industries Dev Bank of India (10/08/2027) **3M change : 6.58 %|
Holdings
6.58 %
6.58 %
AMC Profile
Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.
No.of Schemes
44
Total AUM
₹ 1,87,299.08 Cr.
Fund Manager Profile
Kruti Chheta
AUM: ₹53.40 Cr.
|
Exp: 7yrs
Qualification
MMS, B.Com
Past Experience
Ms. Kruti Chheta has over 7 years of experience in fixed income market & has been associated with Mirae Asset Investment Managers (India) Pvt Ltd. for over 4 years as a fixed income analyst. Her responsibilities as part of the investment team included leading the research for managing debt fund.Prior to joining the AMC, Ms. Chheta has been associated with AK Capital and Shriram Wealth Advisors. At AK Capital, Ms. Chheta was Fixed Income Analyst for the tenure of 1 year in a client advisory role, assisting large pension funds with research on fixed income investment opportunities. At Shriram Wealth Advisors, Ms. Chheta was a Research Analyst for tenure of 2Y advising Shriram Life Ins co.
Funds Managed (8)
Mirae Asset Banking and PSU Fund(IDCW)
Mirae Asset Banking and PSU Fund-Reg(IDCW)
Mirae Asset Banking and PSU Fund-Reg(IDCW)
Mirae Asset Long Duration Fund(IDCW)
Mirae Asset Long Duration Fund(IDCW)
Mirae Asset Long Duration Fund-Reg(IDCW)
Mirae Asset Long Duration Fund-Reg(IDCW)
Mirae Asset Banking and PSU Fund(IDCW)
Manager Performance (0)
Tax Implications
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Opinions and Fund Reviews
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Invested period < 2 years
Gains are added to taxable income and taxed according to the individual’s income tax slab
Invested period > 2 years(Investments from 1st April 2023)
Gains are added to taxable income and taxed according to the individual’s income tax slab
Invested period > 2 years(Investments before 1st April 2023)
Gains are treated as long-term capital gains and taxed at 12.5%