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Mirae Asset Banking&Financial Services Fund (G)

Sectoral / Thematic
Invest Now

  • NAV

    18.50(1.58%)

  • Fund Size (CR)

    ₹1,840.57

  • Expense Ratio

    2.08

  • Scheme Type

    Active Fund

  • Value Research

  • Min. investment

    ₹5,000

  • Minimum Additional Investment

    ₹1,000

  • Minimum SIP Investment

    ₹99

  • Minimum Withdrawal

    ₹0

  • Exit Load 1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days).

    1%

  • Return Since Launch

    15.24%
  • 3M
  • 6M
  • 1Y
  • 3Y
  • All
Absolute Return: 6.73%
Annualized Return: 0% [object Object]

Basic Details

Scheme Manager

Gaurav Kochar

Bench Mark

Nifty Financial Services TRI

Type

OPEN

Lumpsum Returns

Period Invested For₹10,000 Invested onLatest ValueAbsolute ReturnsAnnualised ReturnsCategory AvgRank within Category
1 Week 4 April 20259946.22-0.54%--0.42%586/860
1 Month11 March 202510614.676.15%-1.76%47/856
3 Month10 January 202510446.204.46%--6.98%26/820
6 Month11 October 20249864.00-1.36%--13.23%41/756
1 Year10 April 202410815.168.15%8.15%1.67%118/660
3 Year11 April 202214896.1048.96%14.19%14.71%271/476
5 Year--0%-25.17%-/-
Since Inception11 December 202018495.0084.95%15.24%9.70%333/860

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For₹10,000 Invested onInvestmentsLatest ValueAbsolute ReturnsAnnualised Returns
1 Year2 May 20241,20,000121101.320.92% 0.92%
3 Year2 May 20223,60,000441457.7122.63% 7.04%
5 Year-----
10 Year-----

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Mutual Funds Calculator

  • Investment type
  • Scheme based
  • SIP
  • Lumpsum

Monthly Investment (₹)

Expected Returns Rate (%)

Time Period (in Years)

Start your SIP now

  • Invested Amount

    ₹25,000

  • Estimated Returns

    ₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

4.37%

Standard Deviation

0.96%

Beta

0.64%

Sharpe Ratio

0.04%

Treynor's Ratio

1.38%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in% of Total HoldingsQuantityValue (Cr)Asset TypeSegment
HDFC Bank17.87%1798932328.88EquityBanks
ICICI Bank16.69%2278935307.28EquityBanks
St Bk of India7.64%1823610140.69EquityBanks
Axis Bank7.22%1205069132.80EquityBanks
Bajaj Finance4.35%8942079.99EquityFinance
Federal Bank4.29%409359278.90EquityBanks
INDIA SHELTE FIN3.82%84824470.23EquityFinance
SBI Life Insuran2.93%34815253.89EquityInsurance
Shriram Finance2.48%69660545.70EquityFinance
General Insuranc2.47%107753145.37EquityInsurance

Peer Comparison

Scheme NameValue ResearchAsset Size (Cr)1M3M6M1Y3Y
HDFC Pharma and Healthcare Fund - Direct (G)
1634.082.16%-6.25%-5.54%24.56%-
HDFC Pharma and Healthcare Fund - Direct (IDCW)
1634.082.16%-6.25%-5.54%24.56%-
WhiteOak Capital Pharma and Healthcare Fund-Dir (G)
303.621.93%-7.28%-5.99%23.88%-
DSP Banking & Financial Services Fund - Dir (G)
1135.524.65%5.60%0.44%17.67%-
DSP Banking & Financial Services Fund - Dir (IDCW)
1135.524.12%5.07%-0.06%17.08%-

List of Schemes under Mirae Asset Mutual Fund

Fund NameCategoryRisk1Y ReturnsRatingsFund Size (Cr)
Mirae Asset Multicap FundEquityVery High1.3%0₹3,334.83
Mirae Asset Large Cap FundEquityVery High3.8%3₹37,778.37
Mirae Asset Large & Midcap FundEquityVery High-1.06%2₹36,506.79
Mirae Asset Midcap FundEquityVery High-2.23%2₹14,921.59
Mirae Asset Small Cap FundEquityVery High0%0₹1,263.28
Mirae Asset Focused FundEquityVery High2.59%2₹7,410.54
Mirae Asset Great Consumer FundEquityVery High5.32%4₹3,871.78
Mirae Asset Healthcare FundEquityVery High13.09%2₹2,667.40
Mirae Asset Banking&Financial Services FundEquityVery High9.75%3₹1,840.57
Mirae Asset ELSS Tax Saver FundEquityVery High1.96%3₹23,945.24
Mirae Asset Overnight FundDebtLow6.64%4₹390.72
Mirae Asset Liquid FundDebtModerate7.41%4₹8,684.21
Mirae Asset Ultra Short Duration FundDebtModerate8.05%4₹1,414.66
Mirae Asset Low Duration FundDebtModerately Low8.38%3₹1,414.58
Mirae Asset Money Market FundDebtModerately Low8.16%4₹2,196.81
Mirae Asset Short Duration FundDebtModerately Low9.61%3₹347.46
Mirae Asset Long Duration FundDebtModerate0%0₹37.70
Mirae Asset Dynamic Bond FundDebtModerate8.56%3₹117.40
Mirae Asset Corporate Bond FundDebtModerate9.5%2₹41.28
Mirae Asset Banking and PSU FundDebtModerate9.23%2₹47.03
Mirae Asset Aggressive Hybrid FundHybridVery High5.27%3₹8,681.51
Mirae Asset Balanced Advantage FundHybridModerately High6.51%0₹1,765.74
Mirae Asset Multi Asset Allocation FundHybridVery High9.52%0₹1,842.79
Mirae Asset Arbitrage FundHybridLow7.85%4₹3,111.29
Mirae Asset Equity Savings FundHybridModerately High7.4%3₹1,359.75
Mirae Asset Nifty SDL Jun 2027 Index FundOtherModerate8.81%0₹757.50
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index FundOtherModerate11.3%0₹237.18
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index FundOtherModerate8.11%0₹90.13
Mirae Asset Nifty SDL June 2028 Index FundOtherModerate9.53%0₹71.72
Mirae Asset Nifty Total Market Index FundOtherVery High0%0₹36.13
Mirae Asset Nifty LargeMidcap 250 Index FundOtherVery High0%0₹15.94
Mirae Asset Nifty 50 Index FundOtherVery High0%0₹24.92
Mirae Asset Global X Artificial Intelligence & Technology ETF FOFOtherVery High6.01%0₹291.81
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of FundOtherVery High-14.3%0₹47.69
Mirae Asset Equity Allocator Fund of FundOtherVery High0.44%4₹853.07
Mirae Asset Nifty 100 ESG Sector Leaders Fund of FundOtherVery High1.35%0₹95.62
Mirae Asset NYSE FANG+ ETF Fund of FundOtherVery High6.46%0₹1,737.85
Mirae Asset S&P 500 Top 50 ETF Fund of FundOtherVery High3%0₹576.22
Mirae Asset Hang Seng TECH ETF Fund of FundOtherVery High59.16%0₹93.43
Mirae Asset Nifty India Manufacturing ETF Fund ofOtherVery High-0.78%0₹101.60
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoFOtherVery High-12.27%0₹177.34
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoFOtherVery High0%0₹199.59
Mirae Asset Nifty200 Alpha 30 ETF FOFOtherVery High0%0₹168.73
Mirae Asset Gold ETF Fund of FundOtherHigh0%0₹78.72
Mirae Asset Nifty India New Age Consumption ETF Fund of FundOtherVery High0%0₹11.97
Mirae Asset BSE 200 Equal Weight ETF Fund of FundOtherVery High0%0₹7.90
Mirae Asset BSE Select IPO ETF Fund of FundOtherVery High0%0₹7.72
Mirae Asset FMP - Series V - Plan 3DebtModerately Low0%0₹0.00
Mirae Asset FMP - Series V - Plan 4DebtModerately Low0%0₹0.00
Mirae Asset Flexi Cap FundEquityVery High2.04%0₹2,537.32

News

  • Mirae Asset Mutual Fund announces change in Key Personnel

    Mirae Asset Mutual Fund has announced that Mr. Nishant Pradhan has been appointed as an Chief AI Officer on the Board of the Trustee Company with effect from April 01, 2025.

    Details of Mr. Nishant Pradhan,

    Age: 47 years

    Designation: Chief AI Officer

    Qualification:' BE Electrical (Sardar Patel College of Engineering Mumbai) & MBA Finance (IIM Bangalore)

    Powered by Capital Market - Live News

  • Mirae Asset MF announces change in fund manager under its scheme

    Mirae Asset Mutual Fund has announced change in fund manager under the following scheme, with effect from 01 April 2025.

    Change in Fund Manager:

    Name of the Scheme Existing Fund Manager(s) Revised Fund Manager(s)
    Mirae Asset Healthcare Fund Mr. Vrijesh Kasera Mr. Vrijesh Kasera
    Mr. Tanmay Mehta

    Powered by Capital Market - Live News

  • Mirae Asset MF announces Income Distribution cum Capital Withdrawal (IDCW) under three schemes

    Mirae Asset Mutual Fund has announced 20 March 2025 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) on the face value of Rs 10 per unit under the following schemes:

    Mirae Asset Midcap Fund:

    Regular Plan ' IDCW Option: Rs 1.85 per unit.

    Direct Plan ' IDCW Option: Rs 2.00 per unit.

    Mirae Asset ELSS Tax Saver Fund:

    Regular Plan ' IDCW Option: Rs 1.95 per unit.

    Direct Plan ' IDCW Option: Rs 2.30 per unit.

    Mirae Asset Large & Midcap Fund:

    Regular Plan ' IDCW Option: Rs 3.70 per unit.

    Direct Plan ' IDCW Option: Rs 6.40 per unit.

    Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

25 November 2020

Total AUM (Cr)

₹1840.57

Mirae Asset Banking&Financial Services Fund (G) is an Sectoral / Thematic-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in 25 November 2020, this fund is managed by Gaurav Kochar. With assets under management (AUM) worth ₹1,840.57 (Cr), as of 11 April 2025, Mirae Asset Banking&Financial Services Fund (G) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 15.24% since its launch.
The current NAV of Mirae Asset Banking&Financial Services Fund (G) is ₹18.5, as on 11 April 2025. The fund's benchmark index is Nifty Financial Services TRI. You can invest in Mirae Asset Banking&Financial Services Fund (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹99 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days). The fund has generated 14.19% and undefined% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 99.43% in Equity, 0.77% in Debt and -0.19% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 63.52% in Banks, 22.83% in Finance, 8.38% in Insurance, 4.13% in Capital Markets, 0.88% in Debt

FAQs

How to Invest in Mirae Asset Banking&Financial Services Fund (G) Direct Growth?

Mirae Asset Banking&Financial Services Fund (G) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 15.24% since inception. Looking to invest in Mirae Asset Banking&Financial Services Fund (G) How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Banking&Financial Services Fund (G) is super easy and convenient with m.Stock. Here’s how you can begin:

  • Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
  • In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
  • In the search bar, enter the fund name, in this case, Mirae Asset Banking&Financial Services Fund (G)
  • On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
  • If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
  • If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.

So, why wait? Invest in Mirae Asset Banking&Financial Services Fund (G) today and reap the benefits of this Sectoral / Thematic fund!

How much returns has Mirae Asset Banking&Financial Services Fund (G) Direct Growth generated?

In the short term, i.e., 1 year, Mirae Asset Banking&Financial Services Fund (G) has generated annualised return of 8.15%. In the long-term, the fund has generated 14.19% and - in 3 and 5 years respectively. Since its inception, the fund has generated 15.24% returns.

What is the expense ratio of Mirae Asset Banking&Financial Services Fund (G) Direct Growth?

The expense ratio of Mirae Asset Banking&Financial Services Fund (G) Direct Growth is 2.08%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.

What is the AUM of Mirae Asset Banking&Financial Services Fund (G) Fund Direct Growth?

The Assets Under Management (AUM) of Mirae Asset Banking&Financial Services Fund (G) is ₹1,840.57 (Cr) as of 2025-04-11 AUM shows the fund’s popularity and is often indicative of fund strength.

How to redeem or withdraw money from Mirae Asset Banking&Financial Services Fund (G) Direct Growth?

Redeeming or selling units of Mirae Asset Banking&Financial Services Fund (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.


To redeem from Mirae Asset Banking&Financial Services Fund (G):
  • Login to your m.Stock account
  • In portfolio, your mutual fund investments will be visible under ‘MF’
  • Select the fund you wish to redeem from (in this case Mirae Asset Banking&Financial Services Fund (G)).
  • Click on ‘Redeem’ button
  • You have 2 options – redeem by units and redeem by value (you can only redeem free units)
  • Select units to be redeemed and click on submit.
  • Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Note : Securities shown above are only for illustrative purposes and not recommendatory in nature. The data represents best/cumulative figures till date.