Mirae Asset Banking and Financial Services Fund Regular Growth
- Sector - Financial Services
- Equity
- Very High Risk
Rating:
4
Key Metrics
Aum
₹2,306.05 Cr
Expense Ratio
1.72%
Exit Load
1.00%
Min. Investment
₹5,000.00
Min. SIP
₹99.00
Launch Date
11 Dec 2020
CAGR Returns
| Period | Absolute(%) | Annualised(%) |
|---|---|---|
| 1 Month | -2.53% | -- |
| 3 Months | -0.73% | -- |
| 6 Months | +3.68% | -- |
| 1 Year | +2.69% | +2.69% |
| 2 Years | -- | +4.99% |
| 3 Years | +32.28% | +9.77% |
| 5 Years | +66.29% | +10.71% |
| Since Launch | +109.34% | +13.68% |
Holdings as on 16 Sep 2026
| Name | Value (₹Cr) | Holding % |
|---|---|---|
| HDFC Bank | 334.69 | 14.51 |
| ICICI Bank | 325.13 | 14.10 |
| State Bank of India | 202.70 | 8.79 |
| AXIS Bank Ltd | 175.28 | 7.60 |
| Kotak Mahindra Bank | 92.31 | 4.00 |
| Bajaj Finance | 87.36 | 3.79 |
| SBI Life Insurance Company Ltd | 74.58 | 3.23 |
| Aditya Birla Capital | 73.36 | 3.18 |
| L&T Finance | 69.41 | 3.01 |
| Federal Bank | 63.67 | 2.76 |
Morning Star Rating
Rating:
4
Risk
Return
Risk & Volitility
0.47
Sharpe Ratio
15.61%
Std. Deviation
--
Tracking Error
--
Alpha
--
Beta
Peer Comparison
| Fund Name | 1Y | 3Y | 5Y |
|---|---|---|---|
| Invesco India Financial Services Fund Growth | +4.59% | +15.04% | +12.23% |
| Mirae Asset Banking and Financial Services Fund Regular Growth | +2.69% | +9.77% | +10.71% |
| Tata Banking & Financial Services Fund Regular Growth | +1.53% | +9.15% | +10.23% |
| Aditya Birla Sun Life Banking & Financial Services Regular Growth | +1.04% | +7.84% | +9.25% |
| DSP Banking & Financial Services Fund Regular Growth | +9.52% | -- | -- |
Results are calculated on CAGR basis
About Fund
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.
The Mirae Asset Banking and Financial Services Fund Regular Growth has an AUM of 2306.05 crores & has delivered CAGR of 10.71 in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 1.72%. The minimum investment in Mirae Asset Banking and Financial Services Fund Regular Growth is Rs 5000 and the minimum SIP is Rs 99.
As per morningstar the risk & return rating of the fund are Medium & High respectively.
The fund has a present cash holding of %. The top holdings of the fund include HDFC Bank, ICICI Bank, State Bank of India, AXIS Bank Ltd.
The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Insurance (Life), Investment Services.
Some of the similar funds are Invesco India Financial Services Fund Growth, Mirae Asset Banking and Financial Services Fund Regular Growth, Tata Banking & Financial Services Fund Regular Growth, Aditya Birla Sun Life Banking & Financial Services Regular Growth, DSP Banking & Financial Services Fund Regular Growth. Mirae Asset Banking and Financial Services Fund Regular Growth has a sharpe ratio of 0.47 & a standard deviation of 15.61%.
FAQs
According to the morning star rating Mirae Asset Banking and Financial Services Fund Regular Growth has a Medium risk & High return.
Mirae Asset Banking and Financial Services Fund Regular Growth is managed by Abhijith Vara.
The expense ratio of Mirae Asset Banking and Financial Services Fund Regular Growth is 1.72%.
The 5 year annualized return on Mirae Asset Banking and Financial Services Fund Regular Growth is 10.71% & it has generated 2.69% in the last 1 year.
The minimum investment in Mirae Asset Banking and Financial Services Fund Regular Growth is 5000 Rs.
Mirae Asset Banking and Financial Services Fund Regular Growth has an AUM of 2306.05 crores.
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