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  • Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A)

Formerly Mirae Asset Banking & Fincl Svcs Reg DP

Mirae Asset Mutual Fund

Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A)

EquitySectoral / Thematic - Bfsi

13.631

NAV (Oct 26)

36.3%
Till Date CAGR
Scripbox Opinion

Neutral

Click here for top ranked funds in sectoral / thematic - bfsi mutual funds.

However, Scripbox does not recommend investing in sectoral / thematic - bfsi mutual funds.

Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.

Our analysis of this fundLearn how we rate funds ->

Track Record

1 Years. The fund has Insufficient history for analysis. We recommend funds with longer history.

Relative Size

775 Cr. Medium within the category

Category View

Neutral. The category has a neutral investment outlook

Consistency Of Performance

Consistently poor. The historical performance of the fund has been consistently poor

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    Historical growth rate of 12% per annum
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    No Lock-in
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Historical NAV

13.631

NAV (Oct 26)

Fund Returns

Last 1Y
NA
Last 3Y
NA
Last 5Y
NA
Last 10Y
NA
Since Inception
36.3%
6 Month CAGR
26.4%
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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

Low

Low to Moderate

Moderate

Moderately High

High

Very High

risk-indicator-arrow.svg

Very High Risk

Expense Ratio
2.36
Launched (1y ago)
Dec 11, 2020
AUM in Crores
774.029
ISIN
INF769K01GT7
Lock-in
No Lock-in
Benchmark
IISL Nifty Financial Services TR INR
SIP Minimum
1000
Lumpsum Min.
5000
Fund Managers
user-avatar

Gaurav Kochar

Fund Manager

user-avatar

Harshad Borawake

Fund Manager

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Returns Calculator Comparison

of

for

with step up of

InstrumentReturnsTotal CorpusGainsAnnualised %
Mutual Fund70%₹ 9,65,796 ₹ 2,33,18411.25%
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.

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Build Long Term Wealth

Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

  • Inflation beating returns
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comparison

Comparison with Equity Funds

Fund NameScripbox OpinionFund SizeTrack Record
SBI Focused Equity Fund (G)

SBI Focused Equity Fund (G)

recommended-badge

₹ 20,371 cr

5

recommended-badge

₹ 5,357 cr

5

recommended-badge

₹ 5,218 cr

5

recommended-badge

₹ 3,953 cr

5

recommended-badge

₹ 3,346 cr

5

amc-icon

About the AMC

Mirae Asset Global Inv (India) Pvt. Ltd

Mirae Asset Investment Managers (India) Private Limited manages assets worth 95,366 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.

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  • tel-amc-about
    022-67800300
  • mail-amc-about
    customercare@miraeasset.com
  • Fund NameScripbox Opinion
    Till Date CAGR
    recommended-badge

    28%

    22.2%

    recommended-badge

    22.6%

    16.8%

    top-ranked-badge

    27.1%

    21.8%

    top-ranked-badge

    21.1%

    16.5%

    top-ranked-badge

    21.1%

    16.5%

    growth

    Build Long Term Wealth

    Invest in a scientifically curated set of equity mutual funds which are best aligned towards achieving any long term objectives you have.

    • graph-icon-gray
      Historical growth rate of 12% per annum
    • graph-icon-gray
      Recommended Duration > 5 years
    • graph-icon-gray
      No Lock-in
    • graph-icon-gray
      Grow Wealth , Retirement , Kid's Education
    • graph-icon-gray
      One-click investing and tracking
    • graph-icon-gray
      Zero fees for all your investments
    Parag Parikh Flexi Cap fund (Growth)

    Parag Parikh Flexi Cap fund (Growth)

    Equity

    Diversified

    Mirae Asset Large Cap Fund (Growth)

    Mirae Asset Large Cap Fund (Growth)

    Equity

    Large Cap

    Axis Bluechip Fund (Growth)

    Axis Bluechip Fund (Growth)

    Equity

    Large Cap

    Invesco India Growth Opportunities Fund (Growth)

    Invesco India Growth Opportunities Fund (Growth)

    Equity

    Diversified

    How does Scripbox rate funds?

    Proprietary 4-step system to rate mutual funds

    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?
    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.
    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund Size

    We look at the size of the fund with respect to other funds in the category. Larger funds are preferred.

    Sub-asset Class View

    Sub-asset Class View

    We check if the sub-category of the fund is recommended by us.

    Fund Performance

    Fund Performance

    Consistency of performance over various tenures is analysed for a relative performance stack.

    Track Record

    Track Record

    We look at consistent and long historical performance for our analysis.

    Fund Size

    Fund 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

    Impact of Interest Rates

    We check the relative interest rate risk of the sub-category of the fund. Lower the better.

    Credit Attractiveness

    Credit Attractiveness

    We check the credit quality of the underlying instruments present in the fund. Higher the better.

    Equity Funds

    Debt Funds

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    TRUST

    1. 4100+Crores
    2. 2500+Cities
    3. 7200+Customers are millionaires
    We thrive on trust.

    We match your objectives to the right portfolio. World-class wealth management using science, data and technology, leveraged by our experience, and human touch. Get started with your wealth creation without worry.

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    Investing has helped me dream bigger for my life
    Dr. Shraddha BahirwaniSr. Dental Consultant

    About Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A)

    About Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A)

    Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A) is a Sectoral / Thematic - Bfsi Equity fund and has delivered an annualised return of 36.3% over a period of 0 years. The fund was previously known as Mirae Asset Banking & Fincl Svcs Reg DP . 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 of Income Dis cum Cptl Wdrl (PIDCW-A) 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 of Income Dis cum Cptl Wdrl (PIDCW-A) NAV,AUM,Risk

    The Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A) fund was launched on Dec 11, 2020. The NAV (Net Asset Value) of this Sectoral / Thematic - Bfsi Equity fund as of 2021-10-26 is ₹13.63. The total AUM (Asset Under Management) of the fund as of 27/10/2021 is ₹774.029. The category risk of the Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A) fund is Very High Risk. The fund charges 2.36 % as expense ratio.

    Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A) Holdings

    The fund’s highest allocation is towards Equity and has invested 97.9% in this asset class. The top three holdings of the fund are , hdfc bank ltd , icici bank ltd , state bank of india , axis bank ltd , housing development finance corp ltd , kotak mahindra bank ltd , the federal bank ltd , sbi life insurance company limited , bajaj finserv ltd , can fin homes ltd , uti asset management co ltd , triparty repo , shriram transport finance co ltd , muthoot finance ltd , cholamandalam investment and finance co ltd , max financial services ltd , equitas small finance bank ltd ordinary shares , power finance corp ltd , indusind bank ltd , hdfc life insurance company limited , sbi cards and payment services ltd ordinary shares , icici lombard general insurance co ltd , equitas holding ltd , net receivables / (payables)

    Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A) 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 of Income Dis cum Cptl Wdrl (PIDCW-A) 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 of Income Dis cum Cptl Wdrl (PIDCW-A) Review

    Mirae Asset Banking and Financial Services Fund of Income Dis cum Cptl Wdrl (PIDCW-A) 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 of Income Dis cum Cptl Wdrl (PIDCW-A) has a score of 3 out of 5 Scipbox has rated this fund 2 out of 5 based on consistency of performance over various years / tenures.

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