HB
Harshad BorawakeFund Manager Since 11 Dec 2020
EquitySector - Financial Services
Mirae Asset Banking and Financial Services Fund Direct Growth
3Y Annualised
19.80%
-0.46% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
4.66%
-0.46% 1D
Benchmark
SBI Nifty 10 yr Benchmark G-Sec ETF
Fund Multiplier
Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)
This Fund
3 years 10 months
NIFTY 50
5 years 1 months
FD
9 years 7 months
Fund info
Fund size
₹2014.27 Cr
Min. SIP amount
₹500
Min. Lumpsum amount
₹5000
Exit load
0.01%
1% if switched or redeemed within 1 year from date of allotment, No Exit Load if switched or redeemed after 1 year from date of allotment
Risk Profile
Very High Risk
Peer Comparison
This Fund's Performance Compared With Peers
Over the Period of oneMonth
Fund Managers
GK
Gaurav KocharFund Manager Since 11 Dec 2020
About Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth is a Equity mutual fund scheme from Mirae Asset Investment Managers (India) Private Limited. This fund has been in existence for 4 years, having been launched on 2020-12-11. Mirae Asset Banking and Financial Services Fund Direct Growth has ₹2014.27 Cr worth of assets under management (AUM) as of Sat Oct 25 2025. The latest Net Asset Value (NAV) of Mirae Asset Banking and Financial Services Fund Direct Growth as of Fri Oct 24 2025 is ₹23.028. The fund has an expense ratio of 0.57%, which is medium comparable to most other Equity funds.
Mirae Asset Banking and Financial Services Fund Direct Growth returns for the last 1 year are 16.03%. Since launch, it has delivered 18.69% average annual returns.
The Mirae Asset Banking and Financial Services Fund Direct Growth has the majority of its money invested in Financial Services sectors.
Top 5 Holdings of Mirae Asset Banking and Financial Services Fund Direct Growth.
- HDFC Bank Ltd: 26.65%
- ICICI Bank Ltd: 16.19%
- State Bank of India: 8.55%
- Axis Bank Ltd: 7.73%
- Bajaj Finance Ltd: 3.49%
AMC Information
| Name | Mirae Asset Investment Managers (India) Private Limited |
|---|---|
| Founding Date | 2020-12-11 |
| customercare@miraeasset.com | |
| Phone | 022-6780 0300 |
| Website | www.miraeassetmf.co.in |
| Address | Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098 |
Tax Implications of Mirae Asset Banking and Financial Services Fund Direct Growth
| Short Term Gains | 20% + applicable Surcharge + 4% Cess |
|---|---|
| Long Term Gains | 12.5% without indexation + applicable Surcharge + 4% Cess |
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Calculate Your Returns
Estimated Returns in 3 Years (Based on past 3Y returns)
₹0
Total Amount
₹0
FAQs
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How to Redeem Mirae Asset Banking and Financial Services Fund Direct Growth?
Can I invest in SIP and a Lump Sum of Mirae Asset Banking and Financial Services Fund Direct Growth?
