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.
Mirae Asset Banking and PSU Debt Fund Direct Growth is an Fixed Income - Banking and PSU fund. The fund was launched inJul 24, 2020. Its risk level is . The NAV of the fund as onJun 13, 2025 is ₹13.26. Its expense ratio is 0.39 %. The fund has an AUM of ₹46.59 Cr.The fund is managed byBasant Bafna,Kruti Chheta.
The minimum initial investment is ₹5000 in Lumpsum mode.