MIRAE ASSET
Banking and PSU Debt Fund - (MABPDF)
(Banking and PSU Fund - An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds.
A relatively high interest rate risk and moderate credit risk
| Type of Scheme | Banking and PSU Fund - An open ended debt scheme predominantly investing in debt instruments of banks, Public Sector Undertakings, Public Financial Institutions and Municipal Bonds. A relatively high interest rate risk and moderate credit risk |
||||||||||||||||||||||
| 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 Manager** |
Mr. Basant Bafna - (since January 16, 2023) Allotment Date |
24th July 2020 Benchmark Index |
CRISIL Banking and PSU Debt Index Minimum Investment |
Amount ₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹1,000/- per application and in multiples of ₹ 1/- thereafter. Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) Monthly and Quarterly: ₹ 1000/- (multiples of ₹ 1/- thereafter), minimum 5 in case of Monthly or 3 in case of Quarterly option. Load Structure |
Entry load: NA Exit load: Nil Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and IDCW Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on September 29, 2023 |
83.46 Net AUM (₹ Cr.) |
81.59 Monthly Total Expense Ratio |
(Including Statutory Levies) as on September 29, 2023 Regular Plan: 0.83% Direct Plan: 0.39% **For experience of Fund Managers Click Here |
| ||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 11.5107 | ₹ 11.3495 |
| IDCW | ₹ 11.5101 | ₹ 11.3505 |
| Portfolio Holdings | % Allocation |
| Corporate Bond | |
| 7.54% State Bank of India (01/08/2038) | 6.13% |
| 7.52% NHPC Ltd (06/06/2024) ** | 6.13% |
| 7.54% Housing & Urban Development Corporation Ltd (11/02/2026) ** | 6.12% |
| 7.45% Indian Railway Finance Corporation Ltd (13/10/2028) ** | 6.11% |
| 4.64% Oil & Natural Gas Corporation Ltd (21/11/2023) ** | 6.11% |
| 7.47% Small Industries Dev Bank of India (25/11/2025) ** | 6.10% |
| 7.05% National Housing Bank (18/12/2024) ** | 6.10% |
| 7.4% NABARD (30/01/2026) ** | 6.09% |
| 7.13% Power Finance Corporation Ltd (15/07/2026) ** | 6.05% |
| 7.95% HDFC Bank Ltd (21/09/2026) ** | 4.91% |
| 7.5% Power Grid Corporation of India Ltd (24/08/2033) ** | 4.91% |
| 7.43% National Bank For Financing Infrastructure And Development (16/06/2033) | 4.88% |
| 7.57% NABARD (19/03/2026) | 3.05% |
| 7.77% REC Ltd (31/03/2028) ** | 2.46% |
| 6.44% HDFC Bank Ltd (27/09/2028) ** | 2.32% |
| Corporate Bond Total | 77.47% |
| Government Bond | |
| 7.26% GOI (06/02/2033) | 10.43% |
| 7.06% GOI (10/04/2028) | 3.04% |
| 7.18% GOI (14/08/2033) | 1.22% |
| Government Bond Total | 14.69% |
| Cash & Other Receivables Total | 7.84% |
| Total | 100.00% |
**Thinly Traded / Non Traded Security
| Returns (in%) | ||||
| 1 Yr | 3 Yrs | SI | ||
| MABPDF | 6.40% | 4.34% | 4.06% | |
| Scheme Benchmark* | 6.99% | 4.94% | 4.78% | |
| Additional Benchmark** | 8.07% | 3.27% | 2.85% | |
| NAV as on 29th September, 2023 | ₹ 11.3495 | |||
| Index Value (29th September, 2023) | Index Value of benchmark is 5,156.35 and CRISIL 10 Year Gilt Index is 4,353.19 |
|||
| Allotment Date | 24th July, 2020 | |||
| Scheme Benchmark | *CRISIL Banking and PSU Debt Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Fund manager : Mr. Basant Bafna managing the scheme since 16th January, 2023.
Note: Returns (%) for less than 1 year calculated on simple annualized basis, others are CAGR- Compounded Annualized Growth returns
Latest available NAV has been taken for return calculation wherever applicable
Past Performance may or may not be sustained in future.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund manager is given in the respective page of the schemes and on 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option
This product is suitable for investors who are seeking*
. Income over short to medium term
. To generate income/ capital appreciation through predominantly investing in debt and money market instruments issued by Banks, Public Sector Undertakings (PSUs), Public Financials Institutions (PFIs) and Municipal Bonds.
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
| Average Maturity | 4.66 Years |
| Modified Duration | 3.23 Years |
| Macaulay Duration | 3.44 Years |
| Annualized Portfolio YTM* | 7.48% |
*In case of semi annual YTM, it will be annualized.