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)
| 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 |
||||||||||||||||||||||
| 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. Mahendra Jajoo - (since July 24, 2020) Allotment Date |
24th July 2020 Benchmark Index |
NIFTY 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 installments. Load Structure |
Entry load: NA Exit load: Nil Plans Available |
Regular Plan and Direct Plan Options Available |
Growth Option and Dividend Option (Payout & Re-investment) Monthly Average AUM (₹ Cr.) as on February 28, 2021 |
267.61 Net AUM (₹ Cr.) |
260.39 Monthly Avg. Expense Ratio |
(Including Statutory Levies) as on February 28, 2021 Regular Plan: 0.82% Direct Plan: 0.37% **For experience of Fund Managers Click Here |
| ||||||||||||
| NAV: | Direct | Regular |
| Growth | ₹ 10.1531 | ₹ 10.1256 |
| Dividend | ₹ 10.1532 | ₹ 10.1256 |
| Weighted Average Maturity | 2.12 Years |
| Modified Duration | 1.76 Years |
| Macaulay Duration | 1.86 Years |
| Yield to Maturity | 4.65% |
| Portfolio Holdings | % Allocation | |
| Corporate Bond | ||
| 4.64% Oil & Nat Gas Corp Ltd (21/11/2023) | 5.68% | |
| 7% Hindustan Petroleum 14/08/2024) | 3.97% | |
| 6.79% HUDCO (14/04/2023) | 3.96% | |
| 6.72% NABARD (14/04/2023) | 3.95% | |
| 6.75% Power Fin Corp (22/05/2023) | 3.93% | |
| 6.39% Indian Oil Corp. (06/03/2025) | 3.89% | |
| 5.32% NHBA Taxable (01/09/2023) | 3.84% | |
| 4.9% SIDBI (18/08/2023) | 3.80% | |
| 5.9% REC Ltd (31/03/2025) | 3.76% | |
| 6.5% NHAI (11/04/2031) | 3.65% | |
| 8.25% IRFC (28/02/2024) | 2.06% | |
| 8.7% Power Grid Corp Ltd (15/07/2023) | 2.06% | |
| 8.57% REC Ltd (21/12/2024) | 2.06% | |
| 8.62% Food Corp of India (22/03/2023) | 2.04% | |
| 7.52% NHPC Ltd (06/06/2024) | 2.02% | |
| 7.17% NHAI (23/12/2021) | 1.97% | |
| 6.55% NTPC Ltd (17/04/2023) | 1.97% | |
| 6.19% IRFC Ltd (28/04/2023) | 1.96% | |
| 6.4% NABARD (31/07/2023) | 1.96% | |
| 4.78% HUDCO (28/02/2024) | 1.87% | |
| Corporate Bond Total | 60.51% | |
| Certificate of Deposit | ||
| Bank of Baroda (01/06/2021) | 7.62% | |
| Export Import Bank of India (12/03/2021) | 5.76% | |
| National Bank For Agri & Rural (17/06/2021) | 1.90% | |
| Certificate of Deposit Total | 15.27% | |
| Commercial Paper | ||
| NLC INDIA LTD (27/05/2021) | 5.71% | |
| Export Import Bank of India (16/06/2021) | 1.90% | |
| Commercial Paper Total | 7.62% | |
| Government Bond | ||
| 6.18% GOI (04/11/2024) | 3.95% | |
| Government Bond Total | 3.95% | |
| Cash & Other Receivables Total | 12.66% | |
| Total | 100.00% | |
| Returns (%) | ||||
| SI | ||||
| MABPDF | 2.11 |
|||
| Scheme Benchmark* | 3.44 |
|||
| Additional Benchmark** | -0.16 |
|||
| NAV as on 26th Febraury, 2021 | 10.1256 | |||
| Index Value (26th February, 2021) | Index Value of benchmark is 4,418.55 and CRISIL 10 Year Gilt Index is 3,976.93. | |||
| Allotment Date | 19th June, 2020 | |||
| Scheme Benchmark | *Nifty Banking and PSU Debt Index | |||
| Additional Benchmark | **CRISIL 10 Year Gilt Index | |||
Note:1. Different Plans under the scheme has different expense structure. The reference and details provided herein are of Regular Plan - Growth Option
2. Fund manager : Mr. Mahendra Jajoo managing the scheme since 24th July, 2020.
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.
• Degree of risk - Low to Moderate
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : Since the scheme is in existence for less than 1 year, as per SEBI regulation performance of the scheme has not been shown. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 