HB
Harshad BorawakeFund Manager Since 11 Dec 2020
EquitySector - Financial Services
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
3Y Annualised
20.21%
-1.16% 1D
Fund Performance
Fund Multiplier
Fund Info
Peer Comparison
Fund Managers
AMC Details
Performance
1M Returns
4.94%
-1.16% 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 9 months
NIFTY 50
5 years 6 months
FD
9 years 7 months
Fund info
Fund size
₹1840.57 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
1st
ICICI Prudential Nifty Bank ETF
11.86%
2nd
Sundaram Financial Services Opportunities Fund Direct Plan Reinvestment Inc Dist cum Cap Wdrl Option
6.48%
3rd
Sundaram Financial Services Opportunities Fund Direct Plan Payout Inc Dist cum Cap Wdrl Option
6.48%
4th
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option
6.48%
5th
Sundaram Financial Services Opportunities Fund Regular Plan Reinvestment Inc Dist cum Cap Wdrl
6.37%
67th
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
4.94%
Fund Managers
GK
Gaurav KocharFund Manager Since 11 Dec 2020
About Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl 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 Reinvestment of Income Dis cum Cptl Wdrl has ₹1840.57 Cr worth of assets under management (AUM) as of Mon Apr 28 2025. The latest Net Asset Value (NAV) of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl as of Fri Apr 25 2025 is ₹20.992. The fund has an expense ratio of 0.7%, which is medium comparable to most other Equity funds.
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl returns for the last 1 year are 16.02%. Since launch, it has delivered 18.50% average annual returns.
The Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl has the majority of its money invested in Financial Services sectors.
Top 5 Holdings of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl.
- HDFC Bank Ltd: 17.87%
- ICICI Bank Ltd: 16.69%
- State Bank of India: 7.64%
- Axis Bank Ltd: 7.22%
- Bajaj Finance Ltd: 4.35%
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 Reinvestment of Income Dis cum Cptl Wdrl
| Short Term Gains | 20% + applicable Surcharge + 4% Cess |
|---|---|
| Long Term Gains | 12.5% without indexation + applicable Surcharge + 4% Cess |
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FAQs
What is the current NAV of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
What are the average returns of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
How do I invest in Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
What is the expense ratio of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
What are net assets under management (AUM) of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
What is the PE and PB ratio of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
What are the top 5 holdings of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
What are the top 3 sectors that Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl has invested in?
Who is the manager of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
What is the exit load of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
How to Redeem Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
Can I invest in SIP and a Lump Sum of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl?
