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Mirae Asset Banking and Financial Services Fund

Growth
19.790.17% (-0.03)

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Mirae Asset Banking and Financial Services Fund

Growth
EquitySectoral Fund - Banks & Financial Services
Mid-size FundAssets Under Mgmt: ₹ 1,857 Cr
Very High RiskPrinciple investment will be at very high risk
19.790.17% (-0.03)

Price Chart

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Returns
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EquitySectoral Fund - Banks & Financial Services
Mid-size FundAssets Under Mgmt: ₹ 1,857 Cr
Very High RiskPrinciple investment will be at very high risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.6022.110.72
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
1.5125.200.65

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
Growth0 yrs1.00%
1% on or before 1Y Nil after 1Y
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark
Nifty Financial Services - TRI

About Sectoral Fund - Banks & Financial Services

Sectoral Funds - Banks & Financial Services are equity schemes that majorly invest in financial sector companies. It will give exposure to entire financial sector which comprised a wide range of bank and financial services.

Peers & Comparison

Comparing 3 mutual funds from 
EquitySectoral Fund - Banks & Financial Services

Returns

Scheme

Ratios

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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Mirae Asset Banking and Financial Services Fund15.65%17.91%18.42%
ICICI Pru Banking & Fin Serv Fund14.36%15.61%15.84%
SBI Banking & Financial Services Fund22.14%19.39%15.83%
Nippon India Banking & Financial Services Fund13.01%19.95%14.43%

Price Comparison

Compare Mirae Asset Banking and Financial Services Fund with any MF, ETF, stock or index
Compare Mirae Asset Banking and Financial Services Fund with any MF, ETF, stock or index
Mirae Asset Banking and Financial Services Fund
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Asset Allocation

Actual

Target

Mar 2024

Jun 2024

Sep 2024

Nov 2024

ACTUAL
Cash & EquivalentsEquity0.57%99.43%

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Tickertape Separator

Sector Distribution

+6 moreInsuranceHome FinancingPublic BanksSpecialized FinancePrivate Banks11.85 %6.60 %6.61 %8.44 %11.61 %54.89 %

Mar 2024

Jun 2024

Sep 2024

Nov 2024

Tickertape Separator

Sector Weightage

Sep 23Dec 23Mar 24Jun 24Sep 24Nov 2458.51%58.00%56.53%56.12%54.51%54.89%
Private Banks as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Equity

Others

  • Constituent
    Holding Weight
    3M Change
  • HDFC Bank Ltd
    HDFCBANK
    3M change : 1.23 %

    Holdings

    17.40 %

    1.23 %
  • ICICI Bank Ltd
    ICICIBANK
    3M change : 0.27 %

    Holdings

    16.86 %

    0.27 %
  • State Bank of India
    SBIN
    3M change : 0.52 %

    Holdings

    8.44 %

    0.52 %

AMC Profile

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

  • No.of Schemes

    44

  • Total AUM

    ₹ 1,84,114.99 Cr.

Fund Manager Profile

Gaurav Kochar

AUM:  ₹1,857.40 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: —

Qualification

Data not available

Past Experience

Data not available

Funds Managed (2)

Manager Performance (0)

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Tax Implications

Invested period < 1 year

Gains are treated as short-term capital gains and taxed at 20%

Invested period > 1 year

Gains are treated as long-term capital gains and taxed at 12.5%

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Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.

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Opinions and Fund Reviews

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FM Station - Mirae Asset Banking and Financial Services Fund

5 months ago•Mirae Asset Mutual Fund

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Mirae Asset Banking and Financial Services Fund by Mr. Gaurav Kochar

1 year ago•Mirae Asset Mutual Fund

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MIRAE ASSET BANKING & FINANCIALDOST SERVICES FUND NFO REVIEW|MIRAE ASSET MUTUAL FUNDS|MUTUAL FUNDS|

4 years ago•Invest Empires

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Mirae Asset Banking and Financial Services Fund NFO

4 years ago•Mirae Asset Mutual Fund