Mirae Asset Banking and PSU Fund Regular Growth Plan

Mirae Asset Banking and PSU Fund Regular Growth Plan is a scheme launched by Mirae Asset Mutual Fund on July 24, 2020, and falls under the Banking and PSU fund category. It currently manages an AUM of Rs 47.99 crore. The fund permits investments with a minimum SIP of Rs 1000 and a lump sum of Rs 5000. It charges an expense ratio of 0.81% for managing the portfolio.

• Investing Strategy:

  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.

• Performance:

  Mirae Asset Banking and PSU Fund Regular Growth Plan trailing returns over different times are 7.67% (1 year), 6.97% (3 year) and 5.56% (5 year). The average annual return of this fund stands at 5.37%.