Previously Known As : Mirae Asset Banking And Psu Debt Fund
Mirae Asset Banking And Psu Fund Overview
Category Banking and PSU Fund
BMSMONEY Rank 18
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹12.31(R) +0.03% ₹12.55(D) +0.04%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.77% 5.41% -% -% -%
LumpSum (D) 8.26% 5.88% -% -% -%
SIP (R) -23.56% 3.0% -% -% -%
SIP (D) -23.19% 3.49% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
-1.12 -0.34 0.5 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
1.16% -0.18% -0.93% - 0.9%
Top Banking and PSU Fund
Fund Name Rank Rating
UTI Banking & PSU Fund 1
Dsp Banking & Psu Debt Fund 2
ICICI Prudential Banking & PSU Debt Fund 3
Kotak Banking And Psu Debt Fund 4

NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and PSU Fund - Regular Plan - Growth 12.31
0.0000
0.0300%
Mirae Asset Banking and PSU Fund - Regular plan - IDCW 12.31
0.0000
0.0300%
Mirae Asset Banking and PSU Fund - Direct Plan - IDCW 12.54
0.0000
0.0400%
Mirae Asset Banking and PSU Fund - Direct Plan - Growth 12.55
0.0000
0.0400%

Review Date: 19-11-2024

Mirae Asset Banking And PSU Fund has shown poor performance in the Banking and PSU Debt Fund category. The fund has rank of 18 out of 19 funds in the category. The fund has delivered return of 7.77% in 1 year and 5.41% in 3 years. The category average for the same periods is 7.88% and 5.81% respectively, which shows poor return performance of fund in the category. The fund has exhibited standard deviation of 1.16, VaR of -0.18, Average Drawdown of -0.93, Semi Deviation of 0.9 and Max Drawdown of -0.93. The category average for the same parameters is 1.3, -0.46, -0.65, 0.94 and -0.87 respectively. The fund has average risk in the category.
  • standard deviation of 1.16 and based on VaR one can expect to lose more than -0.18% of current value of fund in one year.
  • Sharpe ratio of the fund is -1.12 which shows poor performance of fund in the banking and psu debt fund category.


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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.47
    0.46
    		0.29 | 0.62 11 | 22 Good
    3M Return % 1.76
    1.93
    		1.73 | 2.19 21 | 22 Poor
    6M Return % 3.79
    3.98
    		3.63 | 4.38 20 | 22 Poor
    1Y Return % 7.77
    7.88
    		7.34 | 8.75 14 | 22 Average
    3Y Return % 5.41
    5.81
    		4.93 | 8.05 16 | 19 Poor
    1Y SIP Return % -23.56
    -23.36
    		-23.79 | -22.79 17 | 22 Average
    3Y SIP Return % 3.00
    3.34
    		2.97 | 4.07 18 | 19 Poor
    Standard Deviation 1.16
    1.30
    		0.76 | 3.22 11 | 19 Average
    Semi Deviation 0.90
    0.94
    		0.53 | 1.70 11 | 19 Average
    Max Drawdown % -0.93
    -0.87
    		-2.46 | 0.00 13 | 19 Average
    VaR 1 Y % -0.18
    -0.46
    		-2.69 | 0.00 12 | 19 Average
    Average Drawdown % -0.93
    -0.65
    		-1.85 | 0.00 15 | 19 Average
    Sharpe Ratio -1.12
    -0.84
    		-1.18 | 0.35 16 | 19 Poor
    Sterling Ratio 0.50
    0.54
    		0.40 | 0.76 15 | 19 Average
    Sortino Ratio -0.34
    -0.25
    		-0.38 | 0.34 16 | 19 Poor
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.51 0.49 0.31 | 0.64 8 | 21
    3M Return % 1.88 2.03 1.88 | 2.27 19 | 21
    6M Return % 4.04 4.17 3.82 | 4.51 14 | 21
    1Y Return % 8.26 8.28 7.75 | 9.01 11 | 21
    3Y Return % 5.88 6.23 5.32 | 8.35 15 | 18
    1Y SIP Return % -23.19 -23.07 -23.50 | -22.60 14 | 21
    3Y SIP Return % 3.49 3.76 3.41 | 4.39 17 | 18
    Standard Deviation 1.16 1.30 0.76 | 3.22 11 | 19
    Semi Deviation 0.90 0.94 0.53 | 1.70 11 | 19
    Max Drawdown % -0.93 -0.87 -2.46 | 0.00 13 | 19
    VaR 1 Y % -0.18 -0.46 -2.69 | 0.00 12 | 19
    Average Drawdown % -0.93 -0.65 -1.85 | 0.00 15 | 19
    Sharpe Ratio -1.12 -0.84 -1.18 | 0.35 16 | 19
    Sterling Ratio 0.50 0.54 0.40 | 0.76 15 | 19
    Sortino Ratio -0.34 -0.25 -0.38 | 0.34 16 | 19
    Return data last Updated On : Nov. 19, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.03 ₹ 10,003.00 0.04 ₹ 10,004.00
    1W 0.05 ₹ 10,005.00 0.06 ₹ 10,006.00
    1M 0.47 ₹ 10,047.00 0.51 ₹ 10,051.00
    3M 1.76 ₹ 10,176.00 1.88 ₹ 10,188.00
    6M 3.79 ₹ 10,379.00 4.04 ₹ 10,404.00
    1Y 7.77 ₹ 10,777.00 8.26 ₹ 10,826.00
    3Y 5.41 ₹ 11,712.00 5.88 ₹ 11,870.00
    5Y ₹ ₹
    7Y ₹ ₹
    10Y ₹ ₹
    15Y ₹ ₹

    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.

    Investment Period Invested Amount Regular Direct
    XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
    1Y ₹ 12000 -23.56 ₹ 10,401.40 -23.19 ₹ 10,427.46
    3Y ₹ 36000 3.00 ₹ 37,695.06 3.49 ₹ 37,975.72
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Mirae Asset Banking And Psu Fund NAV Regular Growth Mirae Asset Banking And Psu Fund NAV Direct Growth
    19-11-2024 12.3057 12.546
    18-11-2024 12.3015 12.5415
    14-11-2024 12.2922 12.5314
    13-11-2024 12.2974 12.5365
    12-11-2024 12.2991 12.5381
    11-11-2024 12.2981 12.5369
    08-11-2024 12.2926 12.5308
    07-11-2024 12.2857 12.5236
    06-11-2024 12.2824 12.5201
    05-11-2024 12.2814 12.5189
    04-11-2024 12.282 12.5194
    31-10-2024 12.2732 12.5097
    30-10-2024 12.2738 12.5101
    29-10-2024 12.2652 12.5012
    28-10-2024 12.2628 12.4986
    25-10-2024 12.266 12.5014
    24-10-2024 12.2664 12.5016
    23-10-2024 12.2613 12.4963
    22-10-2024 12.2472 12.4817
    21-10-2024 12.2476 12.482

    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.