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Unrated

Mirae Asset Banking And PSU Debt Fund - Regular Plan


1 Lakh

Investment Grown to
₹ 1.05 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.23 Lakh

Suitability:

Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.

The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.

Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.91 0.00 0.06 0.47 1.46 2.85 5.04 -- -- -- --
CCIL T Bill Liquidity Weight 1.50 -0.03 0.01 0.17 0.60 1.07 2.17 -- -- -- --
Debt: Banking and PSU 2.90 0.01 0.09 0.60 1.52 3.18 5.34 -- -- -- --
Rank within category 12 13 14 14 14 16 15 -- -- -- --
Number of funds in category 21 22 22 22 22 22 19 17 15 13 3

As on 23-Sep-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Mirae Asset Banking And PSU Debt Fund - Regular Plan  | Invest Online
Unrated
Jul-20 5.04 -- -- 0.82 206
IDFC Banking & PSU Debt Fund - Regular Plan
5 star
Mar-13 5.17 9.69 7.91 0.63 19,284
Aditya Birla Sun Life Banking & PSU Debt Fund - Regular Plan  | Invest Online
4 star
Apr-08 5.81 8.97 7.69 0.67 18,125
Axis Banking & PSU Debt Fund
4 star
Jun-12 4.83 8.90 7.93 0.62 16,786
Nippon India Banking & PSU Debt Fund  | Invest Online
5 star
May-15 5.76 9.27 7.87 0.79 6,785

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.93 28-Aug-2020 - 04-Sep-2020 -0.54 04-Sep-2020 - 11-Sep-2020
Month 1.23 15-Sep-2020 - 15-Oct-2020 -0.96 08-Jan-2021 - 09-Feb-2021
Quarter 2.42 28-Aug-2020 - 27-Nov-2020 -0.51 27-Nov-2020 - 26-Feb-2021
Year 5.21 15-Sep-2020 - 15-Sep-2021 3.85 27-Jul-2020 - 27-Jul-2021

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 3.37 0.39 -1.71 -4.34 -- --
Debt: Banking and PSU* 8.12 2.44 1.81 3.37 2.27 5.58
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Aug-2021

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 22 28 21 84
Modified Duration (yrs) 2.01 2.46 1.76 2.32
Average Maturity (yrs) 2.42 2.90 2.12 3.15
Yield to Maturity (%) 4.53 4.77 4.28 4.81
Avg Credit Rating AAA -- -- --

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 0.00 - 7.32 7.32
new Indian Oil Corporation 92-D 09/09/2021 Commercial Paper A1+ 0.00 - 7.27 7.27
equal 7.62% Export-Import Bank 2026 Bonds AAA 0.00 - 5.21 5.21
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 3.87 - 5.10 5.10
equal 6.75% Power Finance Corporation 22/05/2023 Debenture AAA 3.78 - 5.02 5.02
equal 6.79% Housing & Urban Development Corporation 14/04/2023 Non Convertible Debenture AAA 3.80 - 5.02 5.02
equal 6.72% National Bank Agr. Rur. Devp 14/04/2023 Bonds/NCDs AAA 3.79 - 5.02 5.02
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 3.69 - 4.92 4.92
equal 5.90% REC 31/03/2025 Debenture AAA 3.64 - 4.90 4.90
equal 4.90% SIDBI 18/08/2023 Bonds/NCDs AAA 3.66 - 4.89 4.89
equal 6.50% Nat. Highways Authority 2031 Debenture AAA 3.57 - 4.70 4.70
equal 8.57% REC 21/12/2024 Bonds AAA 0.00 - 2.65 2.65
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 2.00 - 2.62 2.62
equal 8.70% Power Grid Corporation 15/07/2023 Bonds AAA 0.00 - 2.61 2.61
equal 7.52% NHPC 2024 Bonds AAA 0.00 - 2.58 2.58
equal 8.62% Food Corporation of India 22/03/2023 Bonds AAA 0.00 - 2.58 2.58
equal 6.40% National Bank Agr. Rur. Devp 31/07/2023 Non Convertible Debenture AAA 1.89 - 2.51 2.51
equal 6.55% NTPC 17/04/2023 Debenture AAA 1.89 - 2.50 2.50
equal 6.70% Indian Railway Finance Corporation 24/11/2021 Bonds/NCDs AAA 0.00 - 2.44 2.44
equal 4.78% Housing & Urban Development Corporation 28/02/2024 Non Convertible Debenture AAA 0.00 - 2.42 2.42
new 6.10% GOI 2031 GOI Securities SOV 0.00 - 2.40 2.40
new 7.39% Tamilnadu State 2026 State Development Loan SOV 0.00 - 1.28 1.28

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Aug-2021

Fund Manager

— Mahendra Kumar Jajoo since 08-Jul-2020

Education: Mr. Jajoo is a B.Com (H), CS, Chartered Accountant and CFA.

Experience: Prior to joining Mirae Asset Mutual Fund he was Director with AUM Capital Markets Ltd. and also been associated with organisations like PGIM India Mutual Fund, Tata Asset Management Company, BNP Paribas Asset Management India Pvt. Ltd., ABN Amro Securities India Pvt. Ltd. and ICICI Group.

Funds Managed:


0.00%

Change from previous, NAV as on 23-Sep-2021

Growth: ₹ 10.4913

IDCW: ₹ 10.4916


Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 1,000
Minimum No of Cheques 5
Minimum Withdrawal (₹) --
Minimum Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Mirae Asset Mutual Fund
Launch Date: 24-Jul-2020
Return Since Launch: 4.19%
Benchmark: NIFTY Banking and PSU Debt Index
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 206 Cr (As on 31-Aug-2021)
Expense: 0.82% (As on 31-Aug-2021)
Risk Grade: --
Return Grade: --

Contact Information

AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.

Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098

Phone: 022-67800301 / 1800-2090-777

Email: [email protected]

Website: http://www.miraeassetmf.co.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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