Previously Known As : Mirae Asset Banking And Psu Debt Fund
Mirae Asset Banking And Psu Fund Datagrid
Category Banking and PSU Fund
BMSMONEY Rank 19
Rating
Growth Option 27-01-2026
NAV ₹13.26(R) +0.03% ₹13.59(D) +0.03%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.19% 6.88% 5.44% -% -%
Direct 6.67% 7.37% 5.91% -% -%
Benchmark
SIP (XIRR) Regular 4.37% 6.56% 6.15% -% -%
Direct 4.84% 7.05% 6.63% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
1.04 0.57 0.69 -0.04% 0.01
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
1.25% 0.0% -0.18% 0.91 0.85%
Fund AUM As on: 30/12/2025 46 Cr
Top Banking and PSU Fund
Fund Name Rank Rating
Franklin India Banking & Psu Debt Fund 1
ICICI Prudential Banking & PSU Debt Fund 2
UTI Banking & PSU Fund 3
Kotak Banking And Psu Debt Fund 4
Sundaram Banking & PSU Fund 5

NAV Date: 27-01-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and PSU Fund - Regular Plan - Growth 13.26
0.0000
0.0300%
Mirae Asset Banking and PSU Fund - Regular plan - IDCW 13.26
0.0000
0.0300%
Mirae Asset Banking and PSU Fund - Direct Plan - IDCW 13.59
0.0000
0.0300%
Mirae Asset Banking and PSU Fund - Direct Plan - Growth 13.59
0.0000
0.0300%

Review Date: 27-01-2026

Beginning of Analysis

Mirae Asset Banking And PSU Fund is the 18th ranked fund in the Banking and PSU Debt Fund category. The category has total 20 funds. The 1 star rating shows a very poor past performance of the Mirae Asset Banking And PSU Fund in Banking and PSU Debt Fund. The fund has a Jensen Alpha of -0.04% which is lower than the category average of 0.77%, reflecting poor performance. The fund has a Sharpe Ratio of 1.04 which is lower than the category average of 1.34.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Banking and PSU Debt Mutual Funds are a category of debt mutual funds that invest primarily in debt instruments issued by banks, public sector undertakings (PSUs), and public financial institutions. These funds must allocate a minimum of 80% of their total assets in debt securities issued by these entities. Banking and PSU Debt Mutual Funds are ideal for conservative investors seeking stable returns with relatively lower risk. However, they may not be suitable for those looking for higher returns or willing to take on more risk. Investors should also consider their investment horizon and tax implications before investing in these funds.

Mirae Asset Banking And PSU Fund Return Analysis

  • The fund has given a return of -0.03%, 0.56 and 1.77 in last one, three and six months respectively. In the same period the category average return was -0.04%, 0.66% and 1.98% respectively.
  • Mirae Asset Banking And PSU Fund has given a return of 6.67% in last one year. In the same period the Banking and PSU Debt Fund category average return was 7.04%.
  • The fund has given a return of 7.37% in last three years and ranked 16.0th out of 20 funds in the category. In the same period the Banking and PSU Debt Fund category average return was 7.48%.
  • The fund has given a return of 5.91% in last five years and ranked 14th out of 17 funds in the category. In the same period the Banking and PSU Debt Fund category average return was 6.17%.
  • The fund has given a SIP return of 4.84% in last one year whereas category average SIP return is 5.28%. The fund one year return rank in the category is 17th in 21 funds
  • The fund has SIP return of 7.05% in last three years and ranks 17th in 20 funds. Franklin India Banking & Psu Debt Fund has given the highest SIP return (7.59%) in the category in last three years.
  • The fund has SIP return of 6.63% in last five years whereas category average SIP return is 6.88%.

Mirae Asset Banking And PSU Fund Risk Analysis

  • The fund has a standard deviation of 1.25 and semi deviation of 0.85. The category average standard deviation is 1.14 and semi deviation is 0.77.
  • The fund has a Value at Risk (VaR) of 0.0 and a maximum drawdown of -0.18. The category average VaR is -0.05 and the maximum drawdown is -0.13. The fund has a beta of 0.85 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Banking and PSU Debt Fund Category
  • Good Performance in Banking and PSU Debt Fund Category
  • Poor Performance in Banking and PSU Debt Fund Category
  • Very Poor Performance in Banking and PSU Debt Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -0.06
    -0.07
    		-0.26 | 0.11 11 | 21 Good
    3M Return % 0.44
    0.57
    		0.19 | 1.06 15 | 21 Average
    6M Return % 1.55
    1.79
    		1.29 | 2.42 17 | 21 Average
    1Y Return % 6.19
    6.66
    		5.90 | 7.43 19 | 21 Poor
    3Y Return % 6.88
    7.09
    		6.65 | 7.45 17 | 20 Poor
    5Y Return % 5.44
    5.79
    		5.16 | 7.05 15 | 17 Average
    1Y SIP Return % 4.37
    4.90
    		3.96 | 6.02 19 | 21 Poor
    3Y SIP Return % 6.56
    6.83
    		6.34 | 7.24 19 | 20 Poor
    5Y SIP Return % 6.15
    6.50
    		6.15 | 7.37 17 | 17 Poor
    Standard Deviation 1.25
    1.14
    		0.82 | 1.59 15 | 20 Average
    Semi Deviation 0.85
    0.77
    		0.54 | 1.09 15 | 20 Average
    Max Drawdown % -0.18
    -0.13
    		-0.40 | 0.00 13 | 20 Average
    VaR 1 Y % 0.00
    -0.05
    		-0.45 | 0.00 15 | 20 Average
    Average Drawdown % -0.17
    -0.09
    		-0.25 | 0.00 19 | 20 Poor
    Sharpe Ratio 1.04
    1.34
    		0.89 | 2.05 18 | 20 Poor
    Sterling Ratio 0.69
    0.72
    		0.69 | 0.75 17 | 20 Poor
    Sortino Ratio 0.57
    0.82
    		0.47 | 1.33 18 | 20 Poor
    Jensen Alpha % -0.04
    0.77
    		-1.20 | 2.45 15 | 20 Average
    Treynor Ratio 0.01
    0.02
    		0.01 | 0.03 19 | 20 Poor
    Modigliani Square Measure % 6.19
    7.17
    		5.23 | 9.22 16 | 20 Poor
    Alpha % -0.90
    -0.67
    		-0.97 | -0.27 19 | 20 Poor
    Return data last Updated On : Jan. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -0.03 -0.04 -0.24 | 0.15 10 | 21 Good
    3M Return % 0.56 0.66 0.26 | 1.13 15 | 21 Average
    6M Return % 1.77 1.98 1.42 | 2.59 16 | 21 Average
    1Y Return % 6.67 7.04 6.20 | 7.78 19 | 21 Poor
    3Y Return % 7.37 7.48 6.97 | 7.82 16 | 20 Poor
    5Y Return % 5.91 6.17 5.55 | 7.31 14 | 17 Average
    1Y SIP Return % 4.84 5.28 4.24 | 6.36 17 | 21 Average
    3Y SIP Return % 7.05 7.21 6.67 | 7.59 17 | 20 Poor
    5Y SIP Return % 6.63 6.88 6.61 | 7.64 16 | 17 Poor
    Standard Deviation 1.25 1.14 0.82 | 1.59 15 | 20 Average
    Semi Deviation 0.85 0.77 0.54 | 1.09 15 | 20 Average
    Max Drawdown % -0.18 -0.13 -0.40 | 0.00 13 | 20 Average
    VaR 1 Y % 0.00 -0.05 -0.45 | 0.00 15 | 20 Average
    Average Drawdown % -0.17 -0.09 -0.25 | 0.00 19 | 20 Poor
    Sharpe Ratio 1.04 1.34 0.89 | 2.05 18 | 20 Poor
    Sterling Ratio 0.69 0.72 0.69 | 0.75 17 | 20 Poor
    Sortino Ratio 0.57 0.82 0.47 | 1.33 18 | 20 Poor
    Jensen Alpha % -0.04 0.77 -1.20 | 2.45 15 | 20 Average
    Treynor Ratio 0.01 0.02 0.01 | 0.03 19 | 20 Poor
    Modigliani Square Measure % 6.19 7.17 5.23 | 9.22 16 | 20 Poor
    Alpha % -0.90 -0.67 -0.97 | -0.27 19 | 20 Poor
    Return data last Updated On : Jan. 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2025
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mirae Asset Banking And Psu Fund NAV Regular Growth Mirae Asset Banking And Psu Fund NAV Direct Growth
    27-01-2026 13.2622 13.594
    23-01-2026 13.2584 13.5893
    22-01-2026 13.2578 13.5886
    21-01-2026 13.2448 13.5751
    20-01-2026 13.244 13.5742
    19-01-2026 13.2462 13.5762
    16-01-2026 13.2496 13.5791
    14-01-2026 13.2628 13.5924
    13-01-2026 13.2707 13.6003
    12-01-2026 13.2831 13.6128
    09-01-2026 13.2727 13.6016
    08-01-2026 13.2749 13.6038
    07-01-2026 13.2716 13.6002
    06-01-2026 13.2732 13.6017
    05-01-2026 13.2722 13.6004
    02-01-2026 13.2766 13.6044
    01-01-2026 13.2825 13.6103
    31-12-2025 13.2778 13.6053
    30-12-2025 13.272 13.5992
    29-12-2025 13.2708 13.5978

    Fund Launch Date: 24/Jul/2020
    Fund Category: Banking and PSU Fund
    Investment Objective: 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.
    Fund Description: An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds
    Fund Benchmark: CRISIL 10 Year Gilt Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.