Mirae Asset Banking and Financial Services Fund
Current Fund Size :
N.A.
₹21.66
NAV
17.45% p.a.
Overall Return
-1.06%
1-Day Change
0.6%
Expense Ratio
₹ 1,975 Cr
AUM (Fund Size)
4+ yrs
Fund Age
Investment Policy
Benchmark
NIFTY Financial Services TRI
Risk Level
High Risk
Min. Investment
SIP: ₹1000 & Lumpsum: ₹5000
Exit Load
1.0%
Lock-in Period
Nil
Capital Gains Tax Rules (Equity)
STCG (Before 1 Year)
Returns taxed at 20% if you redeem before 1 year
LTCG (After 1 Year)
After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Age of Fund
4 yrs 10 m since Nov 25, 2020
Current Value (Example)
N.A.
Returns Ratio
N/A
Holdings Lists
| # | Company Name | Sector | Instrument | % of Assets |
|---|---|---|---|---|
| 1 | HDFC Bank Ltd. | Financial | Equity | 27.19% |
| 2 | ICICI Bank Ltd. | Financial | Equity | 17.12% |
| 3 | State Bank of India | Financial | Equity | 8.02% |
| 4 | Axis Bank Ltd. | Financial | Equity | 7.28% |
| 5 | Bajaj Finance Ltd. | Financial | Equity | 3.01% |
| 6 | Kotak Mahindra Bank Ltd. | Financial | Equity | 2.94% |
| 7 | SBI Life Insurance Company Ltd. | Insurance | Equity | 2.94% |
| 8 | Aditya Birla Capital Ltd. | Financial | Equity | 2.74% |
| 9 | DCB Bank Ltd. | Financial | Equity | 2.14% |
| 10 | Karur Vysya Bank Ltd. | Financial | Equity | 2.02% |
| 11 | HDB Financial Services Ltd. | Financial | Equity | 1.97% |
| 12 | Aadhar Housing Finance Ltd | Financial | Equity | 1.93% |
| 13 | L&T Finance Ltd. | Financial | Equity | 1.89% |
| 14 | Shriram Finance Ltd | Financial | Equity | 1.81% |
| 15 | Go Digit General Insurance Ltd. | Insurance | Equity | 1.56% |
| 16 | The Federal Bank Ltd. | Financial | Equity | 1.48% |
| 17 | Care Ratings Ltd. | Services | Equity | 1.35% |
| 18 | Power Finance Corporation Ltd. | Financial | Equity | 1.35% |
| 19 | Equitas Small Finance Bank Ltd. | Financial | Equity | 1.18% |
| 20 | Fino Payments Bank Ltd. | Financial | Equity | 1.14% |
| 21 | General Insurance Corporation of India | Insurance | Equity | 1.08% |
| 22 | Multi Commodity Exchange Of India Ltd. | Services | Equity | 1.04% |
| 23 | Bank Of Baroda | Financial | Equity | 1.01% |
| 24 | LIC Housing Finance Ltd. | Financial | Equity | 0.94% |
| 25 | Max Financial Services Ltd. | Financial | Equity | 0.81% |
| 26 | Cholamandalam Financial Holdings Ltd. | Financial | Equity | 0.72% |
| 27 | Indusind Bank Ltd. | Financial | Equity | 0.72% |
| 28 | REC Ltd. | Financial | Equity | 0.65% |
| 29 | RBL Bank Ltd. | Financial | Equity | 0.56% |
| 30 | KFin Technologies Ltd. | Financial | Equity | 0.55% |
Peer Comparison: Returns & Risk Ratios
| # | Fund Name | Annualized Returns | Risk Ratios | Other Details | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 3 Year | 5 Year | Std. Deviation | Beta | Sharpe Ratio | Sortino Ratio | AUM | Fund Age | Expense Ratio | ||
| 1 | Mirae Asset Banking and Financial Services Fund | 5.44% | 20.06% | N.A. | 13.44 | 0.94 | 0.77 | 1.89 | 1,975 Cr | 4 yrs 10 m | 0.6% |
| 2 | Sundaram Financial Services Opportunities Fund | -1.21% | 20.59% | 24.49% | 13.28 | 0.91 | 0.82 | 1.67 | 1,460 Cr | 12 yrs 8 m | 0.79% |
| 3 | Invesco India Financial Services Fund | 4.06% | 22.76% | 23.83% | 12.91 | 0.83 | 1.02 | 1.73 | 1,392 Cr | 12 yrs 8 m | 0.83% |
| 4 | Nippon India Banking & Financial Services Fund | 3.39% | 19.79% | 26.91% | 12.10 | 0.84 | 0.87 | 1.80 | 6,990 Cr | 12 yrs 8 m | 0.99% |
| 5 | SBI Banking & Financial Services Fund | 9.3% | 21.05% | 23.7% | 11.90 | 0.81 | 0.96 | 2.04 | 8,371 Cr | 10 yrs 7 m | 0.77% |
| 6 | Tata Banking and Financial Services Fund | 4.93% | 20.42% | 22.53% | 13.17 | 0.91 | 0.85 | 2.34 | 2,819 Cr | 9 yrs 9 m | 0.47% |
Trailing Returns vs. Category Average
| # | Period | Fund Return | Category Average |
|---|---|---|---|
| 1 | 1 Month | 1.56% | 2.1% |
| 2 | 3 Months | -4.23% | -4.25% |
| 3 | 6 Months | 8.1% | 8.26% |
| 4 | 1 Year | 5.44% | 3.93% |
| 5 | 2 Years | 15.98% | 17.36% |
| 6 | 3 Years | 20.06% | 19.75% |
| 7 | 4 Years | 13.95% | 13.79% |
Related Funds
| # | Fund Name | AUM | Return 1y | Return 5y | url |
|---|---|---|---|---|---|
| 1 | Mirae Asset Midcap Fund | 16,807 Cr | -3.24% | 27.32% | View Detail |
| 2 | Mirae Asset Great Consumer Fund | 4,552 Cr | -6.85% | 23.7% | View Detail |
| 3 | Mirae Asset ELSS Tax Saver Fund | 25,562 Cr | -1.82% | 21.97% | View Detail |
| 4 | Mirae Asset Large & Midcap Fund | 40,020 Cr | -3.74% | 21.85% | View Detail |
| 5 | Mirae Asset Diversified Equity Allocator Passive FoF | 890 Cr | -5.42% | 19.83% | View Detail |
| 6 | Mirae Asset Healthcare Fund | 2,796 Cr | -2.15% | 18.67% | View Detail |
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