Mirae Asset Banking and Financial Services Fund - Growth - Regular Plan

Other Plans and Options

Fund Overview Growth | Regular 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
Nifty Financial Services - TRI N/A N/A N/A N/A N/A N/A
S&P BSE SENSEX - TRI 7.08 5.12 12.89 16.65 15.64 13.59

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.)
ICICI Prudential Banking and Financial Services Fund - Growth Aug 22, 2008 14.95 18.26 13.04 1.86 6,739.83
Nippon India Banking & Financial Services Fund-Growth Plan-Growth Option May 26, 2003 21.66 25.09 14.80 1.94 4,587.66
SBI BANKING & FINANCIAL SERVICES FUND - REGULAR PLAN - GROWTH Feb 26, 2015 15.23 15.27 14.45 1.90 4,244.70
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth Dec 14, 2013 18.80 17.95 13.89 2.00 2,786.82
Tata Banking And Financial Services Fund-Regular Plan-Growth Dec 28, 2015 19.85 17.92 16.08 2.04 1,672.47

Fund Holdings as on 31-October-2023

  • HDFC Bank Limited

  • ICICI Bank Limited

  • State Bank of India

  • Axis Bank Limited

  • The Federal Bank Limited

  • SBI Life Insurance Company Limited

  • Shriram Finance Limited

  • Fusion Micro Finance Limited

  • Utkarsh Small Finance Bank Ltd

  • LIC Housing Finance Limited

  • Bajaj Finserv Limited

  • Max Financial Services Limited

  • IIFL Finance Limited

  • SBI Cards and Payment Services Limited

  • Kotak Mahindra Bank Limited

  • Canara Bank

  • Cholamandalam Financial Holdings Limited

  • IndusInd Bank Limited

  • Repco Home Finance Limited

  • ICICI Lombard General Insurance Company Limited

  • Power Finance Corporation Limited

  • Five Star Business Finance Limited

  • KFin Technologies Limited

  • TREPS

  • ICICI Securities Limited

  • One 97 Communications Limited

  • Can Fin Homes Limited

  • CreditAccess Grameen Limited

  • Bank of Baroda

  • Net Receivables / (Payables)

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  • Bank - Private

  • Bank - Public

  • Finance - NBFC

  • Finance - Investment

  • Insurance

  • Finance - Housing

  • Finance - Others

  • Finance Term Lending

  • Miscellaneous

  • Finance - Stock Broking

  • Fintech

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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 ₹1,445.28 crore. Mirae Asset Banking and Financial Services Fund is benchmarked against Nifty Financial Services - TRI as primary index and S&P BSE SENSEX - TRI as secondary index.

The NAV of Mirae Asset Banking and Financial Services Fund ended up ₹0.03(0.17%)yesterday to ₹16.28.

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

The Mirae Asset Banking and Financial Services Fund is managed by Gaurav Kochar .

Fund House Contact

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

022-67800300
022-67253942