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Mutual Funds
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl

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Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl

Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl

  • Very High Risk
  • Equity
  • Sector - Financial Services
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NAV as on Mar 31, 2025
i
Price per unit of the scheme.
₹ 19.9560 -0.01% 1 Day Change
9.10%
Minimum Investment ₹5000
Expense Ratio 0.63%

FUND RATING

A holistic measure of the rank of a fund relative to its peers. Top funds receive a score of 5.
*Morningstar Rating Methodologyi

RISK-O-METER

Level of risk associated with a mutual fund to help investors make informed investment decisions
 

FUND PERFORMANCE

(As On --)
Compare fund’s performance against category average across different time periods
1M 3M 6M 1Y 3Y 5Y
-- Out of -- funds in the category
Category Avg Return
--
Fund Return
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)
For calculating Category Return & Scheme Ranking, only Growth & Direct schemes are considered.

FUND COMPARISON

This Fund
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
VS
Equity: Sector - Financial Services Average NAV
Topper in Equity: Sector - Financial Services
All Fund
*For the other fund, rescaled NAVs are used
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RETURN CALCULATOR

Check the return on your investment in the fund
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
Investment Type
MONTHLY SIP ONE -TIME
Monthly Investment
Time Period (yrs)
Annual Return in %
  • Invested Amount
    ₹0
  • Return
    ₹0
  • Current Value
    ₹0

FUND SUMMARY

Benchmark
IISL Nifty Financial Services TR INR
Expense Ratio
0.63 %
Category Avg Expense Ratio
0.92%
Minimum Investment (Lumpsum/SIP)
₹5000/₹1000
Lock In (Years)
No Lock-in
Fund Size
₹ 1,681.43 Cr(As on Feb, 2025)
Inception Date
Dec 11, 2020
Turnover
34.00 %
Exit Load
1% if switched or redeemed within 1 year from date of allotment, No Exit Load if switched or redeemed after 1 year from date of allotment

ABOUT THE FUND

Objective: The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns.

Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is an Equity - Sector - Financial Services fund. The fund was launched in Dec 11, 2020. Its risk level is Very High. The NAV of the fund as on Mar 31, 2025 is ₹19.96. Its expense ratio is 0.63 %. The fund has an AUM of ₹1,681.43 Cr.The fund is managed by Gaurav Kochar. The minimum initial investment is ₹5000 in Lumpsum mode.

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FUND MANAGER

Gaurav Kochar
i
Lead Fund Manager.
Dec 11, 2020- Present
  • Fund Manager Rank 17 Out of 32
    i
    Rank measured on the basis of consistent alpha the fund manager delivered in the same category over a period of three years (factors only Direct plan, Growth option)
  • Schemes managed 1
  • Total AUM ₹ 1,681.43 Cr
  • Highest Return In 1 Yr 15.96 %
Other Funds
  • table
  • card
1M 3M 6M 1Y 3Y 5Y
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
--
₹20.03
9.11%
7.24%
Very High Risk
₹1,681.43Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
--
₹20.03
1.87%
0.21%
Very High Risk
₹1,681.43Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
--
₹20.03
-2.45%
-4.41%
Very High Risk
₹1,681.43Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
₹20.03
15.96%
8.70%
Very High Risk
₹1,681.43Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
--
₹20.03
17.45%
15.89%
Very High Risk
₹1,681.43Cr
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
--
₹20.03
--
24.48%
Very High Risk
₹1,681.43Cr
1M 3M 6M 1Y 3Y 5Y
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
Very High Risk --
  • NAV ₹20.03
  • Fund Size ₹1,681.43Cr
Fund Return 9.11%
Category Return 7.24%
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
Very High Risk --
  • NAV ₹20.03
  • Fund Size ₹1,681.43Cr
Fund Return 1.87%
Category Return 0.21%
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
Very High Risk --
  • NAV ₹20.03
  • Fund Size ₹1,681.43Cr
Fund Return -2.45%
Category Return -4.41%
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
Very High Risk --
  • NAV ₹20.03
  • Fund Size ₹1,681.43Cr
Fund Return 15.96%
Category Return 8.70%
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
Very High Risk --
  • NAV ₹20.03
  • Fund Size ₹1,681.43Cr
Fund Return 17.45%
Category Return 15.89%
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
Very High Risk --
  • NAV ₹20.03
  • Fund Size ₹1,681.43Cr
Fund Return --
Category Return 24.48%
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on Feb 2025
EQUITY (99.65%)
DEBT (0.00%)
CASH (0.35%)
Allocation by Market Cap

PERFORMANCE MEASURES

Fund evaluation across critical parameters for better decision making. Study period is 3 years.
  • Consistency
    i
    It represents the consistency of a fund in beating its benchmark.
    --
  • Downside Risk
    i
    Measured by Maximum Drawdown which shows the maximum loss from a peak to a nadir over a specified time period
    --
  • Risk Adjusted Return
    i
    Risk adjusted return represents the return generated after factoring the risk taken to achieve it.
    --
  • Volatility
    i
    Volatility represents the standard deviation of fund returns that is, how much the fund returns have deviated from the average.
    --
  • Upside Capture Ratio
    i
    Fund performance relative to the index when the market is up. An upside capture ratio of >100 indicates better fund performance.
    --
  • Downside Capture Ratio
    i
    Fund performance relative to the index when the market is down. A downside capture ratio of <100 indicates better fund performance.
    --

HISTORICAL RISK MEASURES

Statistical measures to evaluate mutual fund risk. All ratios are calculated for a three-year time duration.
  • Alpha: Excess return of the fund over benchmark
    i
    Any Alpha above zero is considered good. However, for comparison, a fund with a higher Alpha is considered better. Alpha is normally used in conjunction with Beta. If the Beta is high, it implies that the fund manager took a high risk to generate Alpha.
    4.60
    This Fund
    VS
    3.88
    Category Avg
  • Beta: Risk of the fund in relation to benchmark
    i
    Beta >1 indicates that the fund is more volatile than its benchmark while Beta < 1 indicates that the fund is less volatile than its benchmark. The Beta of the benchmark is equal to 1.
    0.95
    This Fund
    VS
    0.98
    Category Avg
  • Sortino Ratio: Return per unit of bad risk
    i
    A variation of Sharpe ratio, Sortino considers only the downside risk. Unlike Sharpe ratio which considers both good risk and bad risk, Sortino factors only the bad risk. A high Sortino ratio indicates better return for each unit of downside risk.
    1.48
    This Fund
    VS
    0.91
    Category Avg
  • R-Squared: How well the fund tracks benchmark
    i
    R-Squared measures the correlation of fund returns and its benchmark returns. It varies between 0 and 1. The metric, Beta makes no sense if R-Squared is equal to zero. Thus, both Beta and R-Squared should be used in conjunction. A fund with a high R-Squared and low Beta is considered a less risky fund.
    87.70
    This Fund
    VS
    86.92
    Category Avg
  • Sharpe Ratio: Risk adjusted return of the fund
    i
    Sharpe Ratio is a measure of return per unit of risk. A higher Sharpe ratio indicates better risk adjusted return given by the fund.
    0.72
    This Fund
    VS
    0.48
    Category Avg
  • Standard Devation: Volatility of the fund
    i
    Standard deviation is a measure of dispersion of fund returns from its average return. A fund with a higher Standard deviation is more volatile than a fund with a low standard deviation.
    15.15
    This Fund
    VS
    15.23
    Category Avg
Benchmark used in calculation : BSE BANKEX INR

PEER ANALYSIS

1M 3M 6M 1Y 3Y 5Y
  • table
  • card
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
ITI Banking and Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl ITI Banking and Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl
VERY HIGH RISK --
  • NAV ₹15.04
  • Fund Size ₹259.84 Cr
Fund Return 9.21%
Category Return 7.24%
ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl ITI Banking and Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl
VERY HIGH RISK --
  • NAV ₹15.04
  • Fund Size ₹259.84 Cr
Fund Return 9.21%
Category Return 7.24%
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
VERY HIGH RISK --
  • NAV ₹19.96
  • Fund Size ₹1,681.43 Cr
Fund Return 9.10%
Category Return 7.24%
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
VERY HIGH RISK --
  • NAV ₹19.96
  • Fund Size ₹1,681.43 Cr
Fund Return 9.10%
Category Return 7.24%
Kotak Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl Kotak Banking & Financial Services Fund Direct Payout Inc Dist cum Cap Wdrl
VERY HIGH RISK --
  • NAV ₹14.79
  • Fund Size ₹1,007.47 Cr
Fund Return 8.98%
Category Return 7.24%
Kotak Banking & Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl Kotak Banking & Financial Services Fund Direct Reinvestment Inc Dist cum Cap Wdrl
VERY HIGH RISK --
  • NAV ₹14.79
  • Fund Size ₹1,007.47 Cr
Fund Return 8.98%
Category Return 7.24%
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Top funds from this amc

1M 3M 6M 1Y 3Y 5Y
  • table
  • card
Fund Name Morningstar Rating NAV Fund Return Category Return Risk Fund Size (Cr)
Mirae Asset Healthcare Fund Direct Growth Mirae Asset Healthcare Fund Direct Growth
--
₹40.53
9.16%
7.51%
Very High Risk
₹2,441.13 Cr
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
--
₹20.03
9.11%
7.24%
Very High Risk
₹1,681.43 Cr
Mirae Asset Midcap Fund Direct Growth Mirae Asset Midcap Fund Direct Growth
₹33.78
7.98%
6.93%
Very High Risk
₹13,830.67 Cr
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth
--
₹8.95
7.89%
--
Very High Risk
₹183.68 Cr
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
₹152.22
7.88%
5.98%
Very High Risk
₹33,677.94 Cr
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth
--
₹16.62
7.77%
--
Very High Risk
₹96.97 Cr
Mirae Asset Healthcare Fund Direct Growth Mirae Asset Healthcare Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹40.53
  • Fund Size ₹2,441.13 Cr
Fund Return 9.16%
Category Return 7.51%
Mirae Asset Banking and Financial Services Fund Direct Growth Mirae Asset Banking and Financial Services Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹20.03
  • Fund Size ₹1,681.43 Cr
Fund Return 9.11%
Category Return 7.24%
Mirae Asset Midcap Fund Direct Growth Mirae Asset Midcap Fund Direct Growth
VERY HIGH RISK
  • NAV ₹33.78
  • Fund Size ₹13,830.67 Cr
Fund Return 7.98%
Category Return 6.93%
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF Dir Growth
VERY HIGH RISK --
  • NAV ₹8.95
  • Fund Size ₹183.68 Cr
Fund Return 7.89%
Category Return --
Mirae Asset Emerging Bluechip Fund Direct Plan Growth Mirae Asset Emerging Bluechip Fund Direct Plan Growth
VERY HIGH RISK
  • NAV ₹152.22
  • Fund Size ₹33,677.94 Cr
Fund Return 7.88%
Category Return 5.98%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth
VERY HIGH RISK --
  • NAV ₹16.62
  • Fund Size ₹96.97 Cr
Fund Return 7.77%
Category Return --
Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

ABOUT THE AMC

Mirae Asset Investment Managers (India) Private Limited
Mirae Asset Investment Managers (India) Private Limited manages assets worth ₹ 1,81,243.81 crores. It’s current offering of mutual fund schemes includes 21 equity, 13 debt and 11 hybrid schemes.
Phone
022-6780 0300
Email
customercare@miraeasset.com
AUM
₹ 1,81,243.81 Cr (
As on Feb 2025
)
Address
Unit No. 606, 6th Floor, ,Mumbai ,400 098

FAQ’S

What is the category of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl ?
The category of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is Equity - Sector - Financial Services
What is the current NAV of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl ?
The current NAV of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl (as on Mar 31, 2025) is ₹ 19.96
How safe is Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl?
The risk level of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is Very High .
What are short term returns given by Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl?
The return given by Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl in 1 month is 9.10%, 3 months is 1.86%, 6 months is -2.48%, and 1 year is 15.90%.
What are the long term returns given by Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl?
The return given by Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl in 3 years is 17.39% and 5 years is --.
What is the expense ratio of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl?
The expense ratio of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is 0.63 %
What is the AUM of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
The assets under Management (AUM) of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is Rs 1,681.43 crores.
What is the minimum investment in Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl?
The minimum Lumpsum investment in Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is ₹5000 and the minimum SIP investment in Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is ₹1000
What is the asset allocation of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl?
The Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl has an exposure of 99.65% in Equity, and 0.35% in Cash & Money Market Securities

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