Mirae Asset Banking&Financial Services Fund (G)
Sectoral / ThematicNAV
18.53(0.53%)Fund Size (CR)
₹1,857.4Expense Ratio
2.05Scheme Type
Active FundValue Research
Min. investment
₹5,000Minimum Additional Investment
₹1,000Minimum SIP Investment
₹99Minimum Withdrawal
₹0Exit Load
1%Return Since Launch
16.36%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Gaurav Kochar
Bench Mark
Nifty Financial Services TRI
Type
OPEN
Lumpsum Returns
| Period Invested For | ₹10,000 Invested on | Latest Value | Absolute Returns | Annualised Returns | Category Avg | Rank within Category |
|---|---|---|---|---|---|---|
| 1 Week | 23 December 2024 | 9943.53 | -0.56% | - | 0.16% | 626/816 |
| 1 Month | 29 November 2024 | 9837.18 | -1.63% | - | -0.71% | 454/784 |
| 3 Month | 30 September 2024 | 9567.38 | -4.33% | - | -5.70% | 256/757 |
| 6 Month | 28 June 2024 | 9913.67 | -0.86% | - | 2.59% | 402/713 |
| 1 Year | 29 December 2023 | 11195.35 | 11.95% | 11.95% | 22.69% | 536/628 |
| 3 Year | 30 December 2021 | 15467.25 | 54.67% | 15.65% | 18.51% | 320/480 |
| 5 Year | - | - | 0% | - | 22.12% | -/- |
| Since Inception | 11 December 2020 | 18488.00 | 84.88% | 16.36% | 17.01% | 419/814 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 1 January 2024 | 1,30,000 | 134589.23 | 3.53% | 3.53% |
| 3 Year | 3 January 2022 | 3,70,000 | 471367.67 | 27.40% | 8.41% |
| 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
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
4.19%
Standard Deviation
0.95%
Beta
0.60%
Sharpe Ratio
0.06%
Treynor's Ratio
3.33%
Jension's Alpha
Asset Allocation
Sector Allocation
Top 10 stock holding in portfolio
| Stock Invested in | % of Total Holdings | Quantity | Value (Cr) | Asset Type | Segment |
|---|---|---|---|---|---|
| HDFC Bank | 17.40% | 1798932 | 323.10 | Equity | Banks |
| ICICI Bank | 16.86% | 2408935 | 313.19 | Equity | Banks |
| St Bk of India | 8.44% | 1868610 | 156.77 | Equity | Banks |
| Axis Bank | 6.65% | 1087069 | 123.52 | Equity | Banks |
| Federal Bank | 5.69% | 5011296 | 105.63 | Equity | Banks |
| Bajaj Finance | 4.09% | 115488 | 75.94 | Equity | Finance |
| INDIA SHELTE FIN | 3.65% | 1059322 | 67.88 | Equity | Finance |
| SBI Life Insuran | 2.69% | 348152 | 50.06 | Equity | Insurance |
| Shriram Finance | 2.66% | 163480 | 49.37 | Equity | Finance |
| Kotak Mah. Bank | 2.60% | 273360 | 48.25 | Equity | Banks |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| HDFC Pharma and Healthcare Fund - Direct (G) | 1459.59 | 3.11% | 5.44% | 30.11% | 51.66% | - | |
| HDFC Pharma and Healthcare Fund - Direct (IDCW) | 1459.59 | 3.11% | 5.44% | 30.11% | 51.66% | - | |
| ICICI Pru P.H.D Fund - Direct (IDCW) | 5044.63 | 3.64% | 2.42% | 24.35% | 48.44% | 25.33% | |
| ICICI Pru P.H.D Fund - Direct (G) | 5044.63 | 3.66% | 2.42% | 24.34% | 48.42% | 25.35% | |
| LIC MF Infrastructure Fund - Direct (G) | 852.07 | -0.42% | -2.13% | 2.95% | 48.19% | 33.49% |
News
Mirae Asset Mutual Fund announces change in Key Personnel
Mirae Asset Mutual Fund has announced that Ms. Rimmi Jain has been appointed as a Head ' Compliance on the Board of Mirae Asset Company Ltd. With effect from 01 January 2025Details of Ms. Rimmi Jain,
Age: 37 years
Designation: Head ' Compliance,
Qualification: Bachelor of Commerce, ACS and LLB
Powered by Capital Market - Live News
Mirae Asset Small Cap Fund announces Extension of NFO period
Mirae Asset Fund has announced that New Fund Offer (NFO) Period of the Scheme has been modified as follows:Change in New Fund Offer period of 'Mirae Asset Small Cap Fund'
Existing Dates Revised Dates NFO Start Date Thursday, January 09, 2025 Friday, January 10, 2025 NFO Closure Date Thursday, January 23, 2025 Friday, January 24, 2025 Scheme re-opens for continuous Sale and Repurchase on: Friday, January 31, 2025 Monday, February 03, 2025 Powered by Capital Market - Live News
Mirae Asset Mutual Fund announces change in Exit Load Structure
Mirae Asset Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 30 October 2024Change in Exit Load:
Name of the Scheme Existing Load Structure Revised Load Structure ' Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund
' Mirae Asset Nifty Midsmallcap400 Momentum Quality 100 ETF Fund of Fund
' Mirae Asset Nifty India Manufacturing ETF Fund of Fund
' Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund
' if redeemed within 3 months from the date of allotment: 0.05%,
' if redeemed after 3 months from date of allotment: Nil' if redeemed or switched out within 15 days from the date of allotment: 0.05%,
' if redeemed or switched out after 15 days from date of allotment: Nil' Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund ' if redeemed or switched out within 5 calendar days from the date of allotment: 0.05%,
' if redeemed or switched out after 5 days from date of allotment: Nil' if redeemed or switched out within 15 days from the date of allotment: 0.05%,
' if redeemed or switched out after 15 days from date of allotment: NilPowered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
25 November 2020
Total AUM (Cr)
₹1857.40
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 ₹1,857.4 (Cr), as of 1 January 2025, Mirae Asset Banking&Financial Services Fund (G) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 16.36% since its launch.
The current NAV of Mirae Asset Banking&Financial Services Fund (G) is ₹18.53, as on 1 January 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 15.65% 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, 1.19% in Debt and -0.62% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 63.40% in Banks, 22.47% in Finance, 7.87% in Insurance, 5.67% in Capital Markets, 0.49% 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 16.36% 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 across products for life.
- 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: Enter amount, select payment 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, then enter 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?
What is the expense ratio of Mirae Asset Banking&Financial Services Fund (G) Direct Growth?
What is the AUM of Mirae Asset Banking&Financial Services Fund (G) Fund Direct Growth?
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).