Mirae Asset Banking and Financial Services Fund Direct Growth
NAV as on 27-03-2025
₹ 20.05
1D
Inception Returns
17.3%
/yr
Historical NAV & Returns
About Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on 11 December, 2020. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Banking and Financial Services Fund Direct Growth has ₹1681 Cr worth of assets under management (AUM) as on Feb 2025 and is less than category average.
- The fund has an expense ratio 0.6.
Returns
Mirae Asset Banking and Financial Services Fund Direct Growth has given a CAGR return of 17.33% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 16.40% and 18.16% respectively.
Holdings
Mirae Asset Banking and Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Bajaj Finance Ltd
Taxation
As it is a sector - financial services mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Mirae Asset Banking and Financial Services Fund Direct Growth
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.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Banking and Financial Services Fund Direct Growth has no lock in period.
Mirae Asset Banking and Financial Services Fund Direct Growth Overview
| Expense ratio | 0.62% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹1681 Cr |
| Inception Date | 11 December, 2020 |
| Min Lumpsum/SIP | ₹5000/₹99 |
Exit Load | 1.0% |
| Lock In | No Lock-in |
TurnOver | 21.1% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
INDmoney Rank for Mirae Asset Banking and Financial Services Fund Direct Growth
Trailing Returns
as on (27-Mar-25)
Fund Distribution
as on (28-Feb-25)
- AUM of the fund stands at 1.7K Cr as of Feb'25
- AUM decreased by 54.3 Cr between Feb'25 and Jan'25
Top 2 Sectors in February were Financial Services, Tech
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 18.53% | 0% | |
 ICICI Bank Ltd | 16.32% | 0% | |
 State Bank of India | 7.47% | 0% | |
 Axis Bank Ltd | 6.87% | 4.6% | |
 Bajaj Finance Ltd | 5.61% | -4.3% |
Top Growth Drivers | 1M Return |
|---|---|
 India Shelter Finance Corporation Ltd | 14.1% |
 Shriram Finance Ltd | 10.7% |
 HDFC Bank Ltd | 6.2% |
Mirae Asset Banking and Financial Services Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹1681 Cr
Expense Ratio 0.62%
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Frequently Asked Questions for Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.39% | 7.39% |
6 Month Returns | -5.19% | -5.19% |
1 Year Returns | 16.4% | 16.4% |
3 Years Returns | 64.96% | 18.16% |
5 Years Returns | 0% | 0% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | -8.9 | 2.9 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | 1.2 | 0.96 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | -0.05 | 0.59 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | 13.73 | 14.45 | - |