Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Investment Managers (India) Private Limited · Direct Plan · Growth
Fund overview
1% on or before 30D, NIL after 30D
Returns & rankings
| Period | Fund Returns | Category Avg. | Rank | VS Category |
|---|---|---|---|---|
| … | ||||
Green = fund outperformed the category average for that period; red = underperformed. Periods under 1 year always show absolute (non-annualised) returns. Past performance does not guarantee future returns.
Return calculator
One-time investment
₹5,000
| Over the past | Total investment | Would've become | Returns |
|---|---|---|---|
| 1 Year | ₹5,000 | ₹5,722 | +722 |
| 3 Years | ₹5,000 | ₹7,493 | +2,493 |
| 5 Years | ₹5,000 | ₹9,812 | +4,812 |
Calculated using the fund's annualised return since inception (14.4% p.a.) as period-wise historical returns aren't available in the current feed. Actual returns fluctuate and are not guaranteed. Mutual fund investments are subject to market risks.
Holdings
30 securitiesTop 10 holdings make up 62.4% of the portfolio.
| Security | Sector | Market Cap | Weight |
|---|---|---|---|
| HDFC Bank Ltd | Banks | Large Cap | 14.44% |
| ICICI Bank Ltd | Banks | Large Cap | 13.63% |
| State Bank Of India | Banks | Large Cap | 8.62% |
| Axis Bank Ltd | Banks | Large Cap | 7.96% |
| Kotak Mahindra Bank Ltd | Banks | Large Cap | 4.49% |
| Bajaj Finance Ltd | Financial Services | Large Cap | 3.87% |
| SBI Life Insurance Company Ltd | Insurance | Large Cap | 3.45% |
| Multi Commodity Exchange of India Ltd | Capital Markets | Mid Cap | 2.97% |
| Kfin Technologies Ltd | Capital Markets | Small Cap | 2.93% |
| HDB Financial Services Ltd | Financial Services | Mid Cap | 2.74% |
Portfolio Allocation
Equity / Debt / Cash
Total Value
₹2,196 Cr
Market Cap Split
Total Value
100%
Equity sector allocation
Total Value
₹2,150 Cr
Exit load, stamp duty & tax
11-Dec-20
1% on or before 30D, NIL after 30D
0.005% (from July 1st, 2020)
Taxation depends on the fund category and holding period. Consult the scheme document or a tax advisor for details.
Risk & Performance Ratios (1Y)
| Standard Deviation | 10.69% |
| Beta | 0.77 |
| Sharpe Ratio | 1.89 |
| Sortino Ratio | 1.42 |
| Treynor Ratio | 0.26 |
| Jensen's Alpha | 13.08 |
| Information Ratio | 0.53 |
| R-Squared | 79.84% |
| Max Drawdown | -3.07% |
| Upside Capture | 124.90% |
| Downside Capture | 57.37% |
Fund management
Scheme Details
Investment objective
The investment objective of the scheme is to generate long-term capital appreciation from a portfoliothat is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector.
Fund house
Mirae Asset Investment Managers (India) Private Limited
Frequently asked questions
What is the NAV of Mirae Asset Banking and Financial Services Fund Direct Growth?
The NAV of Mirae Asset Banking and Financial Services Fund Direct Growth is ₹22.05 as of 21 Oct 2026. NAV is updated at the end of every trading day.
How much expense ratio is charged by Mirae Asset Banking and Financial Services Fund Direct Growth?
The expense ratio charged by Mirae Asset Banking and Financial Services Fund Direct Growth is 0.78%.
What is the Min. SIP of Mirae Asset Banking and Financial Services Fund Direct Growth?
The minimum SIP investment in Mirae Asset Banking and Financial Services Fund Direct Growth is ₹99 per month.
What is the Min. Lumpsum of Mirae Asset Banking and Financial Services Fund Direct Growth?
The minimum lumpsum investment in Mirae Asset Banking and Financial Services Fund Direct Growth is ₹5,000.
What is the Exit Load of Mirae Asset Banking and Financial Services Fund Direct Growth?
The exit load for Mirae Asset Banking and Financial Services Fund Direct Growth is: 1% on or before 30D, NIL after 30D
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