- Mutual Funds
- Mirae Asset Mutual Fund
- Mirae Asset Banking and Financial Services Fund (RIDCW-A)
Formerly Mirae Asset Banking & Fincl Svcs Reg DR
Mirae Asset Banking and Financial Services Fund (RIDCW-A)
₹ 16.689
NAV (Apr 15)
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 16.689
NAV (Apr 15)
Fund Returns
Last 1Y | 25.4% |
Last 3Y | 16% |
Last 5Y | NA |
Last 10Y | NA |
Since Inception | 16.6% |
6 Month CAGR | 8% |
Scheme Information
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 | 2.09 |
Launched (4y ago) | Dec 11, 2020 |
AUM in Crores | 1593.756 |
ISIN | INF769K01GV3 |
Lock-in | No Lock-in |
Benchmark | Nifty Financial Services TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 14.8 |
Standard Deviation (5yr) | 0 |
Beta (3yr) | 0.9 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | 0.621 |
Sharpe Ratio (5yr) | 0 |
YTM | 0 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| Mirae Asset Banking and Financial Services Fund (RIDCW-A) | 10,92,933 | 3,60,321 | 16% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
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
Top Stock Holdings
hdfc bank ltd
18.6%icici bank ltd
18.1%state bank of india
9.4%axis bank ltd
6.9%the federal bank ltd
6%Allocation by Sector
financial services
98.2%technology
0.7%Comparison with Equity Funds
| Fund Name | Fund Size | Outperformance Consistency |
|---|---|---|
₹ 17,313 cr | ||
₹ 14,075 cr | ||
₹ 21,475 cr | ||
₹ 53,505 cr | ||
₹ 41,281 cr |
About the AMC
Mirae Asset Global Inv (India) Pvt. Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
18.4% | 18.8% | ||
17.6% | 18.2% | ||
24.3% | 27.1% | ||
15.9% | 21.1% | ||
10.7% | 11.4% |
Mirae Asset Banking and Financial Services Fund (RIDCW-A) Review
Mirae Asset Banking and Financial Services Fund (RIDCW-A) is a Sectoral / Thematic - Bfsi Equity fund and has delivered an annualised return of 16.6% over a period of 3 years. The fund was previously known as Mirae Asset Banking & Fincl Svcs Reg DR. 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 (RIDCW-A) as of 4/15/2024 is ₹16.69 with the total AUM as of 4/16/2024 is ₹1593.756. With Scripbox you can compare and check the latest nav for all mutual funds in India. Mirae Asset Banking and Financial Services Fund (RIDCW-A) 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 (RIDCW-A) 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 (RIDCW-A) 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 (RIDCW-A) is rated as a 0 fund in Equity and delivered 25.4% 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 (RIDCW-A).
Frequently Asked Questions
What is Mirae Asset Banking and Financial Services Fund (RIDCW-A)?
How to invest in Mirae Asset Banking and Financial Services Fund (RIDCW-A)?
You can invest in Mirae Asset Banking and Financial Services Fund (RIDCW-A) 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 (RIDCW-A)?
The minimum sip amount for Mirae Asset Banking and Financial Services Fund (RIDCW-A) is ₹1000. You can invest in multiples of ₹5000.
Is Mirae Asset Banking and Financial Services Fund (RIDCW-A) good to invest in?
As per Scripbox experts, Mirae Asset Banking and Financial Services Fund (RIDCW-A) is a Not Reviewed Yet fund. You can investMirae Asset Banking and Financial Services Fund (RIDCW-A) 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 (RIDCW-A)?
The expense ratio of the Mirae Asset Banking and Financial Services Fund (RIDCW-A) is 2.09% for regular plan.