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Mirae Asset Banking and PSU Debt Fund - Direct Plan download report


Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.03 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.21 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
Mirae Asset Banking and PSU Debt Fund Direct-G 0.32 0.09 0.17 0.30 -0.53 0.32 2.57 -- -- -- --
CCIL T Bill Liquidity Weight 0.91 0.05 0.07 0.27 0.34 0.91 1.99 -- -- -- --
Debt: Banking and PSU 0.69 0.07 0.20 0.36 -0.23 0.69 3.01 -- -- -- --
Rank within category 16 5 14 17 15 16 16 -- -- -- --
Number of funds in category 22 22 22 22 22 22 22 17 16 14 0

As on 01-Jul-2022

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 - Direct Plan  | Invest Online
3 star
Jul-20 2.57 -- -- 0.38% 120
IDFC Banking & PSU Debt Fund - Direct Plan  | Invest Online
5 star
Mar-13 3.25 7.31 7.54 0.32% 16,607
Axis Banking & PSU Debt Fund - Direct Plan
5 star
Jan-13 3.54 6.90 7.41 0.33% 14,588
Aditya Birla Sun Life Banking & PSU Debt Fund - Direct Plan  | Invest Online
4 star
Jan-13 3.37 7.04 7.13 0.34% 12,046
ICICI Prudential Banking & PSU Debt Fund - Direct Plan  | Invest Now
4 star
Jan-13 3.62 6.86 6.75 0.35% 10,344

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 0.94 28-Aug-2020 - 04-Sep-2020 -0.94 02-May-2022 - 09-May-2022
Month 1.27 15-Sep-2020 - 15-Oct-2020 -1.16 06-Apr-2022 - 06-May-2022
Quarter 2.53 28-Aug-2020 - 27-Nov-2020 -0.69 17-Mar-2022 - 16-Jun-2022
Year 5.67 15-Sep-2020 - 15-Sep-2021 1.83 14-Jun-2021 - 14-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Mirae Asset Banking and PSU Debt Fund Direct-G -- -- -- -- -- --
CCIL T Bill Liquidity Weight* 2.65 0.36 -2.33 -4.59 -- --
Debt: Banking and PSU* 6.56 2.35 1.37 2.84 2.53 5.19
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 30-Jun-2022

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 15 25 15 67
Modified Duration (yrs) 0.97 2.01 0.97 1.66
Average Maturity (yrs) 1.11 2.42 1.11 2.28
Yield to Maturity (%) 5.83 5.83 4.53 6.26
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 6.79% Housing & Urban Development Corporation 14/04/2023 Non Convertible Debenture AAA 4.59 - 8.39 8.39
equal Hindustan Petroleum Corporation 14/08/2024 Debenture AAA 4.63 - 8.39 8.39
equal Indian Bank 2022 Certificate of Deposit A1+ 0.00 - 8.37 8.37
new Canara Bank 2022 Certificate of Deposit A1+ 0.00 - 8.36 8.36
equal 5.32% National Housing Bank 2023 Non Convertible Debenture AAA 4.48 - 8.26 8.26
equal 4.64% Oil & Natural Gas Corporation 21/11/2023 Debenture AAA 6.64 - 10.05 8.16
equal 6.39% Indian Oil Corporation 2025 Debenture AAA 0.00 - 6.16 6.16
equal 8.57% REC 21/12/2024 Bonds AAA 2.41 - 4.33 4.33
equal 8.70% Power Grid Corporation 15/07/2023 Bonds AAA 2.38 - 4.28 4.28
equal 8.62% Food Corporation of India 22/03/2023 Bonds AAA 2.36 - 4.25 4.25
equal 7.52% NHPC 2024 Bonds AAA 2.35 - 4.24 4.24
equal 7.03% REC 2022 Non Convertible Debenture AAA 0.00 - 7.02 4.20
equal 6.55% NTPC 17/04/2023 Debenture AAA 2.29 - 4.19 4.19
equal 8.25% Indian Railway Finance Corporation 28/02/2024 Debenture AAA 1.41 - 2.69 2.14
down 5.74% GOI 15/11/2026 GOI Securities SOV 0.00 - 5.01 1.98

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-May-2022

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:


0.09%

Change from previous, NAV as on 01-Jul-2022

Growth: ₹ 10.6414

IDCW: ₹ 10.6417


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

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 1,000
Min. No of Cheques 5
Min. Withdrawal (₹) --
Min. 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: 3.26%
Benchmark: CRISIL Banking and PSU Debt
Riskometer: Low to Moderate
Type: Open-ended
Assets: ₹ 120 Cr (As on 31-May-2022)
Expense: 0.38% (As on 31-May-2022)
Risk Grade: Above Average
Return Grade: Below Average

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

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

Registrar & Transfer Agent: KFin Technologies 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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