Should I invest in Mirae Asset Banking and PSU Fund?

We don't give personal investment advice. Mirae Asset Banking and PSU Fund - Direct Plan - Growth is suitable for an investor whose:understands what asset class this scheme actually invests in (check the factsheet)matches that asset class's volatility profile to their goal horizonCross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.2%. 5-year CAGR: 6.03%.

Mirae Asset

Mirae Asset Banking and PSU Fund - Direct Plan - Growth

Latest NAV

₹13.9659

As of

17 Jul 2026

1,448 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

Add another fund to compare

No matches.

Compares up to 8 funds. Click any line in the legend above to hide/show it.

Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+0.01%	+0.02%	0.00	16 / 22	Q3
1W	-0.05%	-0.03%	-0.03	13 / 22	Q3
2W	-0.14%	-0.11%	-0.02	10 / 22	Q2
1M	+0.68%	+0.69%	-0.02	14 / 22	Q3
3M	+1.75%	+1.77%	-0.02	16 / 22	Q3
6M	+2.85%	+3.20%	-0.35	21 / 22	Q4
YTD	+2.61%	+2.82%	-0.21	20 / 22	Q4
1Y	+4.64%	+5.37%	-0.73	20 / 22	Q4
2Y	+6.94%	+7.27%	-0.33	19 / 22	Q4
3Y	+7.02%	+7.24%	-0.21	18 / 20	Q4
4Y	+6.95%	+7.15%	-0.21	18 / 19	Q4
5Y	+6.03%	+6.38%	-0.35	16 / 18	Q4
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+5.75%	+7.48%	-1.73	21 / 21	Q4

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+2.61%	+2.92%	-0.31	20 / 21
2025	+7.40%	+7.73%	-0.33	19 / 21
2024	+8.41%	+8.19%	+0.22	4 / 21
2023	+6.81%	+7.05%	-0.24	19 / 20
2022	+3.13%	+3.98%	-0.85	16 / 18
2021	+3.80%	+3.82%	-0.03	11 / 18
2020	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+5.97%

61 windows

min 2.1% · max 10.2%

100% positive

3-Year rolling

+6.22%

37 windows

min 4.4% · max 7.8%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+5.97%

13 windows

min 5.7% · max 6.1%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

1.54%

3-year · annualised

Sharpe ratio

0.22

vs risk-free 6.5%

Sortino ratio

—

Downside-only deviation

Max drawdown

-0.70%

Mar 2026 → Apr 2026

% positive months

97.2%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Banking & PSU Fund

Scheme	Fund house	NAV	As of
HDFC Banking and PSU Debt Fund - Growth Option - Direct Plan	HDFC	₹25.4126	17 Jul 2026
Nippon India Banking and PSU Fund- Direct Plan-Growth Plan- Growth Option	Nippon India	₹22.8275	17 Jul 2026
SBI BANKING & PSU FUND - Direct Plan - Growth	SBI	₹3,512.4985	17 Jul 2026
ICICI Prudential Banking and PSU Debt Fund - Direct Plan - Growth	ICICI Prudential	₹36.3286	17 Jul 2026
Invesco India Banking and PSU Fund - Direct Plan - Growth Option	Invesco	₹2,569.5096	17 Jul 2026
Bandhan Banking and PSU Fund - Direct Growth	Bandhan	₹26.9584	17 Jul 2026
Aditya Birla Sun Life Banking & PSU Debt Fund- Direct Plan-Growth	Aditya Birla Sun Life	₹402.5843	17 Jul 2026
Franklin India Banking & PSU Debt Fund - Direct - Growth	Franklin India	₹25.0706	17 Jul 2026
Kotak Banking and PSU Debt Direct - Growth	Kotak	₹72.5392	17 Jul 2026
Edelweiss Banking and PSU Debt Fund - Direct Plan - Growth Option	Edelweiss	₹26.8769	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹13.9659
16 Jul 2026	₹13.9641
15 Jul 2026	₹13.9544
14 Jul 2026	₹13.9478
13 Jul 2026	₹13.9737
10 Jul 2026	₹13.9734
9 Jul 2026	₹13.9606
8 Jul 2026	₹13.9533
7 Jul 2026	₹13.9851
6 Jul 2026	₹13.9898

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Mirae Asset Banking and PSU Fund - Direct Plan - Growth is ₹13.9659. It's a Banking & PSU Fund from Mirae Asset, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mirae Asset Banking and PSU Fund - Direct Plan - Growth has NAV history starting from 27 Jul 2020, a track record of about 5 years 11 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Mirae Asset Banking and PSU Fund - Direct Plan - Growth is managed by Mirae Asset. It's classified by AMFI under the 'Banking & PSU Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Banking and PSU Fund - Direct Plan - Growth has delivered a absolute return of 4.64% — -0.73 pp behind the Banking & PSU Fund category average of 5.37%. The fund ranks #20 of 22 in its category — the bottom (Q4) quartile.

Over the trailing 3-year window, Mirae Asset Banking and PSU Fund - Direct Plan - Growth has delivered a CAGR of 7.02% — -0.21 pp behind the Banking & PSU Fund category average of 7.24%. The fund ranks #18 of 20 in its category — the bottom (Q4) quartile.

Over the trailing 5-year window, Mirae Asset Banking and PSU Fund - Direct Plan - Growth has delivered a CAGR of 6.03% — -0.35 pp behind the Banking & PSU Fund category average of 6.38%. The fund ranks #16 of 18 in its category — the bottom (Q4) quartile.

₹1 lakh invested in Mirae Asset Banking and PSU Fund - Direct Plan - Growth exactly 5 years ago would be worth approximately ₹134,018 today — a multiplier of 1.34×, based on the 5-year CAGR of 6.03%. The category average over the same window would have grown ₹1 lakh to ₹136,269.

A ₹10,000 monthly SIP in Mirae Asset Banking and PSU Fund - Direct Plan - Growth over the last 5 years — total invested ₹600,000 — would be worth ₹709,675 today. That's an XIRR (money-weighted annualised return) of 6.65%.

Mirae Asset Banking and PSU Fund - Direct Plan - Growth doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹709,675 — XIRR 6.65%.

On a 5-year basis, Mirae Asset Banking and PSU Fund - Direct Plan - Growth ranks #16 out of 18 funds in the Banking & PSU Fund category — that places it in the bottom quartile (Q4) — material underperformance. The category average return over the same window is 6.38%; this fund delivered 6.03%.

The worst peak-to-trough decline Mirae Asset Banking and PSU Fund - Direct Plan - Growth has experienced over the last 5-year window is 1.19% — its NAV fell from a high on 05 Apr 2022 to a low on 09 May 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mirae Asset Banking and PSU Fund - Direct Plan - Growth averaged 5.97% (best 6.11%, worst 5.71%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is -0.42 — negative risk-adjusted performance.

In calendar year 2025, Mirae Asset Banking and PSU Fund - Direct Plan - Growth returned 7.40% — lagging the Banking & PSU Fund category average of 7.73% by 0.33 pp. It ranked #19 of 21 in its category that year.

Mirae Asset Banking and PSU Fund - Direct Plan - Growth doesn't fit cleanly into the standard Equity/Debt buckets in our taxonomy. Tax treatment depends on actual asset allocation as disclosed by the AMC — check the factsheet or AMFI's classification table.

We don't give personal investment advice. Mirae Asset Banking and PSU Fund - Direct Plan - Growth is suitable for an investor whose:

understands what asset class this scheme actually invests in (check the factsheet)
matches that asset class's volatility profile to their goal horizon

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 1.2%. 5-year CAGR: 6.03%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.

Mirae Asset Banking and PSU Fund - Direct Plan - Growth

NAV history & peer comparison

Returns matrix

Calendar-year returns

Rolling returns

SIP returns — historical "what if"

Risk profile

Peers in Banking & PSU Fund

Recent NAVs

Frequently asked questions

More from Mirae Asset