• Mutual Funds
  • Mirae Asset Mutual Fund
  • Mirae Asset Banking and Financial Services Fund (Growth)
Mirae Asset Mutual Fund

Mirae Asset Banking and Financial Services Fund (Growth)

EquitySectoral / Thematic - Bfsi

18.369

NAV (Jun 24)

18.8%
Till Date CAGR
Scripbox Opinion
Not Reviewed yet
Our analysis of this fundLearn how we rate funds ->

Fund Size

Outperformance Consistency

Scripbox Recommended Equity Funds
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Investment Calculator

Investment Duration5 years

0

Total Investment

0

Wealth Gained

0

Total Corpus Created (₹)

With CAGR of 11.25 % in 5 years

Historical NAV

18.369

NAV (Jun 24)

Fund Returns

Last 1Y
27.9%
Last 3Y
16.5%
Last 5Y
NA
Last 10Y
NA
Since Inception
18.8%
6 Month CAGR
12.8%

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.

Expense Ratio
2.08
Launched (4y ago)
Dec 11, 2020
AUM in Crores
1671.287
ISIN
INF769K01GU5
Lock-in
No Lock-in
Benchmark
Nifty Financial Services TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Standard Deviation (3yr)
14.7
Standard Deviation (5yr)
0
Beta (3yr)
0.9
Beta (5yr)
0
Sharpe Ratio (3yr)
0.563
Sharpe Ratio (5yr)
0
YTM
0
Fund Managers

Gaurav Kochar

Fund Manager

Important Links

Scheme Information Document

Statement of Additional Information

Portfolio Disclosure

Returns Calculator Comparison

of

for

with step up of

AssetReturnsTotal CorpusGainsCAGR
Mirae Asset Banking and Financial Services Fund (Growth)70%11,13,419 3,80,80716.7%
EPF70% 9,00,761 1,68,1498.50%
Property70% 8,67,662 1,35,0507.00%
PPF70% 8,69,819 1,37,2077.10%
Bank FD70% 8,46,471 1,13,8596.00%
Gold70% 8,46,471 1,13,8596.00%
Savings Bank70% 8,25,950 93,3385.00%

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.

Asset allocation and Holdings

Last updated on 2024-06-24

Top Stock Holdings

hdfc bank ltd

17.8%
17.8%

icici bank ltd

16.5%
16.5%

state bank of india

9.3%
9.3%

axis bank ltd

7.7%
7.7%

the federal bank ltd

6.2%
6.2%
See all holdings

Allocation by Sector

financial services

98.7%
98.7%

technology

0.7%
0.7%
See all sectors

Comparison with Equity Funds

Fund NameFund SizeOutperformance Consistency
DSP ELSS Tax Saver Fund (G)
DSP ELSS Tax Saver Fund (G)

₹ 15,161 cr

₹ 19,454 cr

₹ 22,620 cr

₹ 42,669 cr

₹ 66,383 cr

amc-img

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 166,402 crores and was set up on 20 November 2006. It's current offering of mutual fund schemes includes 35 equity,48 debt and 9 hybrid funds.amc-img
phone-img022-67800300
Fund NameScripbox Opinion
Till Date CAGR

17.7%

19.5%

16.9%

19%

24.1%

28.8%

14.3%

21.4%

10.5%

11.8%

Mirae Asset Banking and Financial Services Fund (G) Review

Mirae Asset Banking and Financial Services Fund (G) is a Sectoral / Thematic - Bfsi Equity fund and has delivered an annualised return of 18.8% over a period of 3 years. The fund is managed by Mirae Asset Investment Managers (India) Private Limited. The fund manager’s name is Gaurav Kochar.

Nav of Mirae Asset Banking and Financial Services Fund (G) as of 6/24/2024 is ₹18.37 with the total AUM as of 6/25/2024 is ₹1671.287. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Banking and Financial Services Fund (G) was launched on Dec 11, 2020. The category risk of the fund is Very High Risk.

The minimum SIP amount for Mirae Asset Banking and Financial Services Fund (G) 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. Check your estimated returns on mutual funds by using sip calculator.

Mirae Asset Banking and Financial Services Fund (G) 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 Nifty Financial Services TR INR.

Mirae Asset Banking and Financial Services Fund (G) is rated as a 0 fund in Equity and delivered 27% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with Mirae Asset Banking and Financial Services Fund (G).

Frequently Asked Questions

What is Mirae Asset Banking and Financial Services Fund (G)?

Mirae Asset Banking and Financial Services Fund (G) is a Sectoral / Thematic - Bfsi Equity scheme predominantly investing across Equity instruments with an investment objective to generate wealth over the long term.

How to invest in Mirae Asset Banking and Financial Services Fund (G)?

You can invest in Mirae Asset Banking and Financial Services Fund (G) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?

What is the minimum sip amount of Mirae Asset Banking and Financial Services Fund (G)?

The minimum sip amount for Mirae Asset Banking and Financial Services Fund (G) is ₹1000. You can invest in multiples of ₹5000.

Is Mirae Asset Banking and Financial Services Fund (G) good to invest in?

As per Scripbox experts, Mirae Asset Banking and Financial Services Fund (G) is a Not Reviewed Yet fund. You can investMirae Asset Banking and Financial Services Fund (G) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.

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

The expense ratio of the Mirae Asset Banking and Financial Services Fund (G) is 2.08% for regular plan.