NRI from all over the world (excluding U.S.A. & Canada) can invest in this fund
SBNRI is a certified Mutual Fund distributor registered with Association of Mutual Funds in India (AMFI) with Reg. No. 246671
₹12.45
0.41%
NAV as on 16 Jan 25, 12:00 AM
moderate risk
banking & psu
debt
NAV as on 16 Jan 25, 12:00 AM
moderate risk
banking & psu
debt
7.90%p.a.
Last 1Y
5.60%p.a.
Last 3Y
0.00%p.a.
Last 5Y
4.95%p.a.
Since Inception
About Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl for NRIs
NRIs can achieve long-term capital appreciation by investing in the Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl scheme from Mirae Asset Investment Managers (India) Private Limited. It is a Banking & PSU mutual fund scheme that predominantly invests in Banking & PSU stocks of companies. Launched on Jul 2020, Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl is Banking & PSU fund of its category with 53.4 Cr fund under management as on Jan 2025. The expense ratio of this fund is less than that of most other Fund category Banking & PSU funds.
- Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl delivered 7.9% annual returns during the last year. It has delivered 5.0% average annual returns since the fund was launched.
- Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl scheme tends to consistently deliver higher returns than most schemes in the same category.
- The scheme has predominantly invested in debt
Fund 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.
Top 10 Holdings
6.79% Govt Stock 2034
11.31%
Ncd Small Industries Development Bank Of India
6.58%
Power Finance Corporation Ltd.
6.53%
Rec Limited 7.34%
6.11%
National Bank For Financing Infrastructure And Development
5.71%
Mahanagar Telephone Nigam Limited
5.27%
Indian Railway Finance Corporation Limited
3.89%
Indian Railway Finance Corporation Limited
3.77%
National Housing Bank
3.77%
State Bank Of India
3.70%
Fund Managers
- Kruti Chheta (Feb 2024 - Present)
Key Information
View Scheme Document
Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl SIP Calculator
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NRI Mutual Fund Tax on Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl
Just like for resident investors, capital gains from mutual fund investments are subject to income tax for NRI investors.
| Fund Type | Short-term Capital Gains (STCG) Tax | Long-term Capital Gains (LTCG) Tax |
|---|---|---|
| Equity mutual funds | 15% | 10% (above Rs. 1 lakh LTCG) without indexation* |
| Debt & other types of funds | At tax slab rate | 20% with indexation benefits |
How can NRIs invest in Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl?
NRIs and OCIs can download the SBNRI app to invest in mutual funds from the country of their residence. Here are a few simple steps you need to take:
- Complete your NRI KYC: Type in your personal details and attach supporting documents, like:
- PAN Number
- Overseas address proof: Any of – Water/electricity bill, postpaid mobile/internet bill, rent agreement, driving license, etc.
- Passport – front and back
- Passport size photograph
- signature
If all details are correct, your KYC will be approved within 7 to 8 business days.
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing in Mirae Asset Banking and PSU Fund Payout of Income Dis cum Cptl Wrdl
- Onboarding: After KYC, you need to share the following details to complete onboarding process and start investing:
- City and country of birth
- NRE/NRO bank account statement/ canceled cheque for the latest 3 months
- Nominee details
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Frequently Asked Questions
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