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Scheme Information
Investment 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
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Mirae Asset Investment Managers (India) Private Limited manages assets worth 79,510 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 29 equity,36 debt and 9 hybrid funds.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
We use a proprietary system to rate mutual funds and based on that make a recommendation or rate the fund as top ranked.
What Scripbox recommendations mean?
Recommended
Scripbox algorithm recommends 2-4 funds for investment for an investment asset class such as large cap, diversified, liquid etc. When you invest for an objective, the algorithm suggests the appropriate asset class and funds.
Top Ranked
Not Recommended
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Category View
We check if the sub-category of the fund is recommended by us.
Consistency Of Performance
Consistency of performance over various tenures is analysed for a relative performance stack.
Track Record
We look at consistent and long historical performance for our analysis.
Relative Size
We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.
Impact of Interest Rates
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Credit Quality Of Fund’s Portfolio
We check the relative interest rate risk of the sub-category of the fund. Lower the better.
Equity Funds
Debt Funds
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About Mirae Asset Banking and Financial Services Fund (G)
About Mirae Asset Banking and Financial Services Fund (G)
Mirae Asset Banking and Financial Services Fund (G) is a sectoral / thematic - bfsi equity fund and has delivered an annualised return of 16.2% over a period of 1 years ..The fund is managed by Mirae Asset Investment Managers (India) Private Limited.The fund managers are Gaurav Kochar, Harshad Borawake
Mirae Asset Banking and Financial Services Fund (G) Investment 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 However, there is no assurance that the objective of the scheme will be realized.
Mirae Asset Banking and Financial Services Fund (G) NAV,AUM,Risk
The Mirae Asset Banking and Financial Services Fund (G) fund was launched on Dec 11, 2020. The NAV (Net Asset Value) of this sectoral / thematic - bfsi equity as of 2021-06-14 is ₹ 11.617. The total AUM (Asset Under Management) of the fund as of 2021-06-15 is ₹ 616.047. The category risk of the Mirae Asset Banking and Financial Services Fund (G) fund is Very High Risk.
The fund charges 2.35 % as expense ratio.
Mirae Asset Banking and Financial Services Fund (G) Holdings
The fund’s highest allocation is towards equity and has invested 96.4% in this asset class. The top three holdings of the fund are hdfc bank ltd,icici bank ltd and housing development finance corp ltd
Mirae Asset Banking and Financial Services Fund (G) SIP
The minimum SIP (Systematic Investment Plan) amount for this is ₹ 1000 and you can increase this in multiples of ₹ 100. In case you want to invest a lump sum, the minimum amount to be invested is ₹ 5000.
Mirae Asset Banking and Financial Services Fund (G) Investment volatility and Horizon
This fund is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term. The fund is benchmarked to IISL Nifty Financial Services TR INR
Mirae Asset Banking and Financial Services Fund (G) Review
Mirae Asset Banking and Financial Services Fund (G) has a score of 2 on a scale of 5. The fund scores 1 out of 5 based on historical performance. As compared to the other funds in its category, Mirae Asset Banking and Financial Services Fund (G) has a score of 3 out of 5.
Scipbox has rated this fund 1 out of 5 based on consistency of performance over various years / tenures.
