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
BSE SENSEX - TRI -2.81 -8.80 1.71 11.43 19.13 13.25
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.)
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW Jan 01, 2013 8.40 15.44 17.93 1.06 8,843.33
SBI Banking & Financial Services Fund - Direct Plan - Income Distribution cum Capital Withdrawal Option (IDCW) Feb 26, 2015 11.37 18.75 18.56 0.90 6,474.88
Nippon India Banking & Financial Services Fund- DIRECT Plan - IDCW Option Jan 01, 2013 5.64 17.98 20.98 1.03 6,129.15
TATA Banking & Financial Services Fund Direct Plan - Payout of Income Distribution cum capital withdrawal option Dec 28, 2015 9.51 18.28 17.97 0.57 2,284.89
TATA Banking & Financial Services Fund Direct Plan - Reinvestment of Income Distribution cum capital withdrawal option Dec 28, 2015 9.51 18.28 17.97 0.57 2,284.89

Fund Holdings as on 28-February-2025

  • HDFC Bank Limited

  • ICICI Bank Limited

  • State Bank of India

  • Axis Bank Limited

  • Bajaj Finance Limited

  • India Shelter Finance Corporation Limited

  • The Federal Bank Limited

  • Kotak Mahindra Bank Limited

  • SBI Life Insurance Company Limited

  • Shriram Finance Limited

  • General Insurance Corporation of India

  • LIC Housing Finance Limited

  • L&T Finance Limited

  • DCB Bank Limited

  • Bank of Baroda

  • Cholamandalam Financial Holdings Limited

  • Go Digit General Insurance Limited

  • CARE Ratings Limited

  • Power Finance Corporation Limited

  • Max Financial Services Limited

  • Multi Commodity Exchange of India Limited

  • IIFL Finance Limited

  • Utkarsh Small Finance Bank Ltd

  • Union Bank of India

  • KFin Technologies Limited

  • TREPS

  • Zaggle Prepaid Ocean Services Limited

  • REC Limited

  • Computer Age Management Services Limited

  • Net Receivables / (Payables)

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  • Bank - Private

  • Bank - Public

  • Finance - NBFC

  • Finance - Housing

  • Insurance

  • Finance - Investment

  • Finance Term Lending

  • Ratings

  • Finance - Others

  • Finance - Stock Broking

  • Depository Services

  • Fintech

  • Miscellaneous

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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 ₹1,681.43 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 ₹0.02(0.1%)yesterday to ₹18.585.

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 Building, Off CST Road, Kalina, Santacruz (E), Mumbai - 400 098

022-67800300
022-67253940