Mirae Asset Banking and Financial Services Fund - IDCW - Direct Plan

Other Plans and Options

Fund Overview IDCW | Direct Plan

  • Fund House

  • Launch Date

  • Benchmark

  • Minimum Investment (₹)

  • Minimum Addl Investment (₹)

  • Exit Load (%)

  • Minimum SIP Investment (₹)

  • Minimum STP Investment (₹)

  • Minimum SWP Investment (₹)

  • 52 Week Low Nav (₹)

  • 52 Week Low Nav Date

  • 52 Week High Nav (₹)

  • 52 Week High Nav Date

Fund Objective

The investment objective of the scheme is to generate long-term capital appreciation from a portfoliothat is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector.

Fund Performance

Scheme Name 1-Month Return (%) 3-Month Return (%) 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Since Inception
Mirae Asset Banking and Financial Services Fund Direct IDCW 1.79 7.86 15.21 18.12 18.67 18.67
BSE SENSEX - TRI N/A N/A N/A N/A N/A N/A
Nifty Financial Services - TRI N/A N/A N/A N/A N/A N/A

Returns upto 1 year is Absolute, and above 1 year are Compounded Annualised

Peer Fund Comparison

Scheme Name Launch Date Ratings 1-Year Return (%) 3-Year Return (%) 5-Year Return (%) Expense Ratio (%) Assets (Cr.)
Mirae Asset Banking and Financial Services Fund Direct IDCW Dec 11, 2020 15.21 18.12 18.67 0.54 2,221.78
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW Jan 01, 2013 12.88 15.64 17.57 1.00 11,086.17
SBI Banking & Financial Services Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW) Feb 26, 2015 15.99 20.30 18.76 0.73 9,812.64
Nippon India Banking & Financial Services Fund- DIRECT Plan - IDCW Option Jan 01, 2013 13.63 17.92 21.59 0.96 7,791.69
TATA Banking & Financial Services Fund Direct Plan - Payout of Income Distribution cum capital withdrawal option Dec 28, 2015 14.31 17.62 17.88 0.45 3,214.01
TATA Banking & Financial Services Fund Direct Plan - Reinvestment of Income Distribution cum capital withdrawal option Dec 28, 2015 14.31 17.62 17.88 0.45 3,214.01

Fund Holdings as on 30-November-2025

  • HDFC Bank Ltd.

  • ICICI Bank Ltd.

  • State Bank of India

  • Axis Bank Ltd.

  • Bajaj Finance Ltd.

  • Aditya Birla Capital Ltd.

  • SBI Life Insurance Co. Ltd.

  • Kotak Mahindra Bank Ltd.

  • TREPS

  • The Federal Bank Ltd.

  • Shriram Finance Ltd.

  • L&T Finance Ltd.

  • Karur Vysya Bank Ltd.

  • HDB Financial Services Ltd.

  • DCB Bank Ltd.

  • Billionbrains Garage Ventures Ltd.

  • GO Digit General Insurance Ltd.

  • Equitas Small Finance Bank Ltd.

  • Multi Commodity Exchange of India Ltd.

  • CARE Ratings Ltd.

  • Power Finance Corporation Ltd.

  • Bank of Baroda

  • General Insurance Corporation of India

  • Pine Labs Ltd.

  • Aadhar Housing Finance Ltd.

  • Kfin Technologies Ltd.

  • LIC Housing Finance Ltd.

  • IndusInd Bank Ltd.

  • Canara HSBC Life Insurance Co.Ltd.

  • Cholamandalam Financial Holdings Ltd.

  • Net Receivables / (Payables)

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  • Bank - Private

  • Finance - NBFC

  • Bank - Public

  • Insurance

  • Miscellaneous

  • Fintech

  • Finance - Housing

  • Finance - Stock Broking

  • Ratings

  • Finance Term Lending

  • Depository Services

  • Finance - Investment

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  • Cash

  • Equity

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About Mirae Asset Banking and Financial Services Fund

Scheme Analysis

Mirae Asset Banking and Financial Services Fund is a Equity - Sectoral Fund - Banks & Financial Services fund and belongs to Mirae Asset Mutual Fund. It was launched on 11-Dec-2020 and currently has an AUM of ₹2,221.78 crore. Mirae Asset Banking and Financial Services Fund is benchmarked against BSE SENSEX - TRI as primary index and Nifty Financial Services - TRI as secondary index.

The NAV of Mirae Asset Banking and Financial Services Fund ended up ₹0.1(0.43%)yesterday to ₹23.555.

Among its top 3 holdings the fund has exposure to HDFC Bank Ltd., and

The Mirae Asset Banking and Financial Services Fund is managed by Abhijith Vara .

Fund House Contact

Unit 606, 6th Floor, Windsor Building, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098

022-67800300
022-67253940