MonitorDirect · GrowthWatch before adding
Mirae Asset Banking and PSU Debt Fund
Mirae Asset Mutual FundIncome/Debt Oriented Schemes - Banking and PSU Debt Fund6.3 years
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.
- NAV
- 14.0975
- 5 Nov 2026
- 1Y
- +3.8%
- Trailing CAGR
- AUM
- ₹38.86 Cr
- 30 Sept 2026
- Volatility
- Low
- 1.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 4 Nov 2026
Stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
In three lines
Fits if · Peak-to-trough drawdown has stayed shallower than 15%.
Prefer peers if · Prefer Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund) if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
6.3 years of path to read.
Engine status
Watch
Recent evidence is mixed. Compare peers before increasing exposure.
Expense ratio
Pass
0.37% TER (Direct). Lower cost compounds on long SIPs.
Drawdown vs peers
Pass
Peak-to-trough -1.2%. Ask whether you can hold through a similar fall.
Vs category
Fail
0% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
Pass
Kruti Chheta · 2.8 years on the scheme.
Exit load
n/a
No exit-load summary on file.
Tax / wrapper
Pass
Direct Growth, no ELSS lock flagged. Equity LTCG rules still apply after one year - not tax advice.
Portfolio concentration
Watch
Top 10 holdings ≈ 56.5% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
SIP discipline
Monitor is recent mixed evidence - keep the SIP unless the buying brief says prefer peers, then swap with intent.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y+3.8%
- 3Y+6.8%
- 5Y+5.9%
- 10Yn/a
- SI+5.6%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y+3.9%
- 3Y+5.7%
- 5Y+6.2%
- 10Yn/a
- Since inception
- +5.6%
- Calendar-day CAGR
- Excess 1Y
- -0.2%
- Category median, same plan and option
- 3Y win rate
- 0%
- Windows beating the median
- 3Y percentile
- 38
- Vs comparable share classes
- SIP 3Y XIRR
- +5.7%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.4%
- 791 daily-ending windows
- Median rolling 3Y
- +6.4%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 309 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -1.2%
- Worst peak-to-trough
- Current
- -0.1%
- Below last peak
- Current spell
- 56 days
- Days below latest peak
- Time below peak
- +54%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 5 days
- 169 recovered episodes
- Longest recovery
- 84 days
- Trough to prior peak
5 Apr 2022 – 1 Aug 2022
Trough 9 May 2022 · recovered in 84 days
-1.2%
8 Jan 2021 – 30 Mar 2021
Trough 5 Feb 2021 · recovered in 53 days
-0.9%
5 Aug 2020 – 1 Sept 2020
Trough 28 Aug 2020 · recovered in 4 days
-0.8%
9 Sept 2026 – open
Trough 23 Oct 2026 · not recovered
-0.7%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
39
Vs category
49
Consistency
9
Risk-adjusted
13
Drawdown
97
Mean
41
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Monitor
Buying stance
Watch before adding
Recent evidence is mixed. Compare peers before increasing exposure.
Why this status
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
- Peak-to-trough drawdown has stayed shallower than 15%.
Portfolio
30 Sept 2026 · 27 holdings · top 10 are 56.5%.
- Top 5
- 34.5%
- Top 10
- 56.5%
- Largest holding
- 11.6%
- Effective holdings
- 20.4
Repo
Unspecified
11.6%
KOTAK MAHINDRA BANK LIMITED CD 12FEB27
Financial
7.5%
INDIAN RAILWAY FINANCE CORPORATION LIMITED SR 175 7.57 BD 18AP29 FVRS1LAC
Financial
5.1%
NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT SR 25G 7.48 BD 15SP28 FVRS1LAC
Financial
5.1%
GOVERNMENT OF INDIA 37426 GOI 11MY36 6.94 FV RS 100
Entities
5.1%
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
Sundaram Banking and PSU Debt Fund (Formerly Known as Sundaram Banking and PSU Fund)
Sundaram Mutual Fund
- 1Y
- +9.1%
- 3Y
- n/a
- Vol
- 1.3%
- Max DD
- -0.5%
- Sharpe
- 1.86
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility
Axis Banking and PSU Debt Fund
Axis Mutual Fund
- 1Y
- +4.5%
- 3Y
- +6.9%
- Vol
- 1.3%
- Max DD
- -2.8%
- Sharpe
- 1.34
- 3Y win
- +37%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Bajaj Finserv Banking and PSU Debt Fund
Bajaj Finserv Mutual Fund
- 1Y
- +3.9%
- 3Y
- n/a
- Vol
- 1.2%
- Max DD
- -0.8%
- Sharpe
- 0.99
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Lower TER
Caveat: Higher volatility · Lower trailing returns
Invesco India Banking and PSU Debt Fund
Invesco Mutual Fund
- 1Y
- +4.0%
- 3Y
- +7.0%
- Vol
- 2.2%
- Max DD
- -4.9%
- Sharpe
- 0.58
- 3Y win
- +11%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
LIC MF Banking & PSU Debt Fund
LIC Mutual Fund
- 1Y
- +4.4%
- 3Y
- +7.2%
- Vol
- 1.2%
- Max DD
- -2.8%
- Sharpe
- 1.25
- 3Y win
- +33%
- Higher win rate vs category
- Lower TER
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown