Mirae Asset Banking and Financial Services Fund Regular Growth

Very High Risk
Equity
Sector - Financial Services

NAV as on Jul 4, 2025

Price per unit of the scheme.

₹ 20.92300.35%1 Day Change

3.98%

Minimum Investment₹5000

Expense Ratio2.11%

FUND RATING

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

*Morningstar Rating Methodology i

RISK-O-METER

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

FUND PERFORMANCE

As On Jan 01, 2023

Compare fund’s performance against category average across different time periods

No Data Found.

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

1M 3M 6M 1Y 3Y 5Y

This Fund

Mirae Asset Banking and Financial Services Fund Regular Growth

Equity: Sector - Financial Services Average NAV

Topper in Equity: Sector - Financial Services

Invesco India Financial Services Fund Direct Plan Growth

All Fund

No Data Found.

*For the other fund, rescaled NAVs are used

RETURN CALCULATOR

Check the return on your investment in the fund

Mirae Asset Banking and Financial Services Fund Regular Growth

Investment Type

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

2.11%

Category Avg Expense Ratio

0.91%

Minimum Investment (Lumpsum/SIP)

₹ 5000 /₹ 1000

Lock In (Years)

No Lock-in

Fund Size

₹ 1,998.29 Cr(As on May, 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

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 Regular Growth is an Equity - Sector - Financial Services fund. The fund was launched inDec 11, 2020. Its risk level is . The NAV of the fund as onJul 04, 2025 is ₹20.92. Its expense ratio is 2.11 %. The fund has an AUM of ₹1,998.29 Cr.The fund is managed byGaurav Kochar,Harshad Borawake.
The minimum initial investment is ₹5000 in Lumpsum mode.

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FUND MANAGER

Gaurav Kochar

Lead Fund Manager.

Dec 11, 2020 - Present

Fund Manager Rank8Out of 16
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 managed1
Total AUM₹ 1,998.29 Cr
Highest Return In 1 Yr11.86 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Mirae Asset Banking and Financial Services Fund Direct Growth

₹ 22.48

4.10%

2.85%

Very High Risk

₹1,998.29Cr

Mirae Asset Banking and Financial Services Fund Direct Growth

Very High Risk--

NAV₹ 22.48
Fund Size₹1,998.29Cr

Fund Return4.10%

Category Return2.85%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

Harshad Borawake

Lead Fund Manager.

Jun 16, 2025 - Present

Fund Manager Rank8Out of 16
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 managed4
Total AUM₹ 14,352.41 Cr
Highest Return In 1 Yr11.86 %

Other Funds

table
card

Fund NameMorningstar RatingNAVFund ReturnCategory ReturnRiskFund Size

Mirae Asset Hybrid Equity Fund -Direct Plan-Growth

₹ 37.90

3.01%

2.46%

Very High Risk

₹9,057.55Cr

Mirae Asset Equity Savings Fund Direct Growth

₹ 21.81

1.95%

1.21%

Moderately High risk

₹1,442.49Cr

Mirae Asset Balanced Advantage Fund Direct Growth

₹ 14.81

2.17%

2.04%

High Risk

₹1,854.08Cr

Mirae Asset Hybrid Equity Fund -Direct Plan-Growth

Very High Risk

NAV₹ 37.90
Fund Size₹9,057.55Cr

Fund Return3.01%

Category Return2.46%

Mirae Asset Equity Savings Fund Direct Growth

Moderately High risk

NAV₹ 21.81
Fund Size₹1,442.49Cr

Fund Return1.95%

Category Return1.21%

Mirae Asset Balanced Advantage Fund Direct Growth

High Risk--

NAV₹ 14.81
Fund Size₹1,854.08Cr

Fund Return2.17%

Category Return2.04%

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

DETAILED PORTFOLIO

As on May, 2025

EQUITY (99.20%)

DEBT (-%)

CASH (0.80%)

Allocation by Market Cap

Large Cap(72.79%)

Mid Cap(9.92%)

Small Cap(16.49%)

Industry Holdings

Banks Regional72.80%
Credit Services10.29%
Insurance Life4.07%
Specialty Finance3.99%
Financial Exchanges3.47%
Financial Conglomerates2.08%

Stock Holdings

HDFC Bank Ltd24.98%
ICICI Bank Ltd17.25%
Axis Bank Ltd8.21%
State Bank of India7.92%
Bajaj Finance Ltd3.87%
SBI Life Insurance Co Ltd2.88%

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.
5.38
This Fund
VS
5.27
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.
86.63
This Fund
VS
86.42
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.
0.94
This Fund
VS
0.95
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.
1.12
This Fund
VS
1.08
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.
2.49
This Fund
VS
2.31
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.
14.53
This Fund
VS
15.01
Category Avg

Benchmark used in calculation : S&P BSE 500 India TR INR

PEER ANALYSIS

card
table

Fund NameMorningstar RatingNAV Fund Return Category ReturnRisk Fund Size

Returns <= 1 year are absolute and > 1 year are annualised (CAGR)

TOP FUNDS FROM THIS AMC

card
table

Fund NameMorningstar RatingNAV Fund Return Category Return Risk Fund Size (Cr)

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 ₹ 2,06,596.41 crores. It’s current offering of mutual fund schemes includes 21 equity, 14 debt and 12 hybrid schemes.

Phone

022-6780 0300

customercare@miraeasset.com

AUM

₹ 2,06,596.41 Cr (

As on May 31, 2025

)

Address

Unit No. 606, 6th Floor, Mumbai,400 098

FAQ's

What is the category of Mirae Asset Banking and Financial Services Fund Regular Growth ?

The category of Mirae Asset Banking and Financial Services Fund Regular Growth is Equity - Sector - Financial Services

What is the current NAV of Mirae Asset Banking and Financial Services Fund Regular Growth ?

The current NAV of Mirae Asset Banking and Financial Services Fund Regular Growth as on Jul 04, 2025 is ₹20.92

How safe is Mirae Asset Banking and Financial Services Fund Regular Growth ?

The risk level of Mirae Asset Banking and Financial Services Fund Regular Growth is Very High.

What are short term returns given by Mirae Asset Banking and Financial Services Fund Regular Growth ?

The return given by Mirae Asset Banking and Financial Services Fund Regular Growth in 1 month is 3.98%, 3 months is 12.52%, 6 months is 12.27%, and 1 year is 10.25%

What are the long term returns given by Mirae Asset Banking and Financial Services Fund Regular Growth ?

The return given by Mirae Asset Banking and Financial Services Fund Regular Growth in 3 years is 23.17% and 5 years is --.

What is the expense ratio of Mirae Asset Banking and Financial Services Fund Regular Growth ?

The expense ratio of Mirae Asset Banking and Financial Services Fund Regular Growth is 2.11%

What is the AUM of Mirae Asset Banking and Financial Services Fund Regular Growth ?

The assets under Management (AUM) of Mirae Asset Banking and Financial Services Fund Regular Growth is Rs 1,998.29 crores.

What is the minimum investment in Mirae Asset Banking and Financial Services Fund Regular Growth ?

The minimum Lumpsum investment in Mirae Asset Banking and Financial Services Fund Regular Growth is ₹5,000.00 and the minimum SIP investment in Mirae Asset Banking and Financial Services Fund Regular Growth is ₹1,000.00

What is the asset allocation of Mirae Asset Banking and Financial Services Fund Regular Growth?

Mirae Asset Banking and Financial Services Fund Regular Growth has an exposure of 99.20% in Equity and 0.80% in Cash & Money Market Securities