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Mirae Asset Nifty PSU Bank ETF

Q: What is the NAV of Mirae Asset Nifty PSU Bank ETF?

As of 05 Oct 2026, the NAV of Mirae Asset Nifty PSU Bank ETF is ₹80.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Mirae Asset Nifty PSU Bank ETF delivered?

Mirae Asset Nifty PSU Bank ETF has returned +6.19% over 1 year and +10.01% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF charges an expense ratio of 0.30% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF's largest holdings are State Bank of India (34.0%), Bank of Baroda (12.1%), Canara Bank (11.6%), Punjab National Bank (10.7%) and Union Bank of India (9.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.7% and its worst peak-to-trough fall in our sample was -21.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF is benchmarked against the Nifty PSU Bank TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Q: Who manages Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF is managed by Ekta Gala and Akshay Udeshi at Mirae Asset.

Q: How is Mirae Asset Nifty PSU Bank ETF taxed?

Mirae Asset Nifty PSU Bank ETF is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.

Mirae Asset Mutual Fund · Best Equity ETFs

NAV

₹80.85

+0.97% 1D

as of 05 Oct 2026

Compare SIP calculator

Performance

+5.78%absolute

52-week rangePrev NAV ₹80.07

Latest ₹80.85

Low ₹75.5123rd percentile of its 52-week rangeHigh ₹99.17

Scorecard

★★★★☆4/5 vs 41 of 73 Equity ETF peers1Y

Performance 60%
Risk 15%
Cost 10%
Downside 15%

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within Equity ETF (same plan and option). Based on a 1-year record — this fund is too young for a 3-year CAGR, so its performance is ranked on 1Y against the same peers. 41 of the 73 Equity ETF funds in this cohort carry the full record the stars need, so they are the ones ranked against.

Performance—

Not enough Equity ETF peers to rank yet

RiskHigh

Volatility 23.7% vs 16.7% category avg

CostLow

0.3% expense vs 0.7% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

1-year return (+6.19%) beats the Equity ETF average (-0.75%)
Ranks #7 of 49 on 1-year return in its Equity ETF cohort
Low expense ratio (0.30%) vs the Equity ETF average of 0.73%

Concerns

Trails the Equity ETF average on 1M/3M/6M
More volatile than its Equity ETF peers (23.7% vs 16.7%)

Key Metrics

Annual fee charged by the fund, already deducted from NAV

0.30%

Category 0.73%▼0.43%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

7.46

Category 21.03▼13.57

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.26

Scheme Info

Definitions

Plan

—

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

—

Exit Load

None

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Not allowed

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

—

Nifty PSU Bank TRI (Total Return Index)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Oct 2024

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.89%

Absolute return over the last 3 months (not annualized)

-4.72%

Absolute return over the last 6 months (not annualized)

-0.96%

Absolute return since 1 Jan of this year (not annualized)

-5.58%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+6.19%

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+10.01%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

23.70%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-21.33%

Benchmark ratios (vs Nifty Bank TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Bank TRI

—

Sensitivity to Nifty Bank TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty Bank TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Bank TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Equity ETF)

Period	Fund	Category avg.	Diff
1M abs	-5.89%	-5.21%	-0.68%
3M abs	-4.72%	-3.86%	-0.86%
6M abs	-0.96%	+6.09%	-7.05%
1Y CAGR	+6.19%	-0.75%	+6.94%
3Y CAGR	—	+11.60%	—
5Y CAGR	—	+9.62%	—

Category average across peers in Equity ETF (72 of 73 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Category rank

Vs 73 peers in Equity ETF

1Y return

+6.19%

Beats 87.5% · rank #7

3Y return

—

5Y return

—

Sharpe

—

Sortino

—

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹1.20L

Current value

₹1.14L

Absolute

-5.35%

XIRR

-11.38%

Value vs. invested

ValueInvested

12 monthly installments of ₹10,000 into Mirae Asset Nifty PSU Bank ETF, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Bank TRI	Diff
2026part	-5.58%	-7.52%	+1.94%
2025	+31.00%	+18.31%	+12.69%
2024part	-2.12%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

495

Expense ratio

0.30%

AUM

₹57.05Cr

Portfolio turnover

46%

Exit load

NIL

P/E ratio

7.5

P/B ratio

1.4

Avg market cap

₹3,70,762Cr

P/E & P/B are portfolio-weighted harmonic means across 10 of 12 equity holdings (99% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as debt

This is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — every rupee of gain is added to your income and taxed at your income-tax slab rate, whatever the holding period.

Any holding period

30%

Short- and long-term alike

Your income-tax slab — no LTCG or indexation benefit

Your income-tax slab

Pick your slab to see the rate that applies to you.

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Equity ETF

Compare all


Mirae Asset Nifty PSU Bank ETFThis fund Mirae Asset	★★★★☆ 1Y	+6.19%	—	—	7.46	0.30%	₹57.05Cr
Aditya Birla Sun Life Silver ETF Aditya Birla Sun Life	★★★★☆	+52.36%	+47.61%	—	—	0.35%	₹3,026Cr
Aditya Birla Sun Life Gold ETF Aditya Birla Sun Life	★★★☆☆	+25.55%	+36.41%	+24.84%	—	0.44%	₹2,838Cr
Mirae Asset S&P 500 Top 50 ETF Mirae Asset	★★★★★	+19.24%	+29.33%	+19.90%	—	0.65%	—
Aditya Birla Sun Life Nifty Healthcare ETF Aditya Birla Sun Life	★★★★★	+11.80%	+19.57%	—	41.11	0.20%	₹76.55Cr
Axis NIFTY Healthcare ETF Axis	★★★★★	+11.61%	+19.17%	+12.21%	41.12	0.45%	₹21.69Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 100% of the equity sleeve priced.

Large cap87.0%
Mid cap10.5%
Small cap2.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.01%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Groww Nifty PSU Bank Index Fund Groww · Index Funds	100.0%	—	1.32%	—
Nippon India ETF Nifty PSU Bank BeES Nippon India · Other ETFs	100.0%	—	0.51%	+15.69%
SBI BSE PSU Bank Index Fund SBI · Index Funds	91.4%	★★★★☆	0.40%	—
Aditya Birla Sun Life PSU Equity Fund Aditya Birla Sun Life · Sectoral/ Thematic	32.9%	★★★★☆	0.77%	+17.79%
kotak BSE PSU Index Fund Kotak Mahindra · Index Funds	31.6%	★★☆☆☆	0.46%	—
SBI PSU Fund SBI · Sectoral/ Thematic	25.9%	★★★☆☆	0.98%	+18.49%
Motilal Oswal BSE Enhanced Value Index Fund Motilal Oswal · Index Funds	25.1%	★★★★☆	0.55%	+18.82%
ICICI Prudential PSU Equity Fund ICICI Prudential · Sectoral/ Thematic	24.3%	★★★★☆	1.28%	+19.13%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-21.3%06 Dec 2024 → 03 Mar 2025
Fell over 3 months, back to the old high on 02 Jun 2025 — 3 months under water after the low.
-20.3%26 Feb 2026 → 31 Mar 2026
Still below that high — 33 days down, and no recovery yet.
-9.5%07 Nov 2024 → 21 Nov 2024
Fell over 14 days, back to the old high on 04 Dec 2024 — 13 days under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹57.05Cr

April - June 2026

-9%

since January - March 2026

+₹1.99Cr

est. net flow, last quarter

Down +9% from its peak of ₹62.52Cr in January - March 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Mirae Asset Mutual Fund is the Indian arm of Mirae Asset, the South Korean manager, and has operated here since 2008. Its growth came largely from a small number of large equity schemes rather than a wide line-up.

Launched

29 Nov 2007

Total AUM

₹2,37,421Cr+5.5% QoQ

Avg AUM · July - September 2026

Website

miraeassetmf.co.in

Fund Managers

EGEkta GalaStart date not disclosed

Role

Dealer – ETF and Fund Manager

Education

B. Com & Inter CA (IPCC)

Experience

Ms. Ekta Gala has over 7 years of Mr. Vishal Singh has over 6 years of experience as a dealer. Prior to this experience in the field of financial assignment, Ms. Ekta Gala was services. He has been associated with ICICI Prudential Asset associated with the AMC since June Management Company Ltd. 2020. Prior to this assignment, Mr. Singh was associated with NSE

Funds managed (48)

All schemes Ekta Gala runs →

AUAkshay UdeshiStart date not disclosed

Role

Fund Manager

Education

MBA - Finance; B.E (Electronics)

Experience

Mr. Akshay Udeshi has over 6 years of experience in the field of financial services. He has been associated with the AMC since June 2021. Prior to this assignment, Mr. Udeshi was associated with Reliance Retail Limited where he was involved in product development in the affordability space. He also has an experience with L&T Financial Services where he was involved in product management of secured lending products.

Funds managed (36)

All schemes Akshay Udeshi runs →

Fund manager, benchmark and dealing terms from this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Ekta Gala Akshay Udeshi

Top holdings

State Bank of India Bank of Baroda Canara Bank Punjab National Bank Union Bank of India Indian Bank Bank of India Bank of Maharashtra Central Bank of India Indian Overseas Bank UCO Bank Punjab & Sind Bank

Mirae Asset in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Equity ETFs

Equity ETFs track an equity index and trade on the exchange through the day, so you buy at a market price that can sit slightly above or below the fund's NAV. That is the trade-off against an index fund, which always transacts at NAV but only once a day.

Frequently asked questions

What is the NAV of Mirae Asset Nifty PSU Bank ETF?

As of 05 Oct 2026, the NAV of Mirae Asset Nifty PSU Bank ETF is ₹80.85 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Mirae Asset Nifty PSU Bank ETF delivered?

Mirae Asset Nifty PSU Bank ETF has returned +6.19% over 1 year and +10.01% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF charges an expense ratio of 0.30% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF's largest holdings are State Bank of India (34.0%), Bank of Baroda (12.1%), Canara Bank (11.6%), Punjab National Bank (10.7%) and Union Bank of India (9.9%). Holdings are disclosed monthly and change over time.

How risky is Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 23.7% and its worst peak-to-trough fall in our sample was -21.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF is benchmarked against the Nifty PSU Bank TRI (Total Return Index). Its alpha and beta on this page are measured against that index.

Who manages Mirae Asset Nifty PSU Bank ETF?

Mirae Asset Nifty PSU Bank ETF is managed by Ekta Gala and Akshay Udeshi at Mirae Asset.

How is Mirae Asset Nifty PSU Bank ETF taxed?

Mirae Asset Nifty PSU Bank ETF is a debt / non-equity fund. Since April 2023 there is no long-term or indexation benefit — capital gains are added to your income and taxed at your income-tax slab rate regardless of how long you held the units.