Mirae Asset Banking and Financial Services Fund Regular Growth

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Equity
Sector - Financial Services
Rating N.A.
Plan

16.28 +0.03 (0.17%) NAV as on 07 Dec, 2023

5D
1M
6M
1Y
5Y
MAX

Key Metrics

AUM (in Cr)1458.67
CAGR 18.54%
Exit Load1.00%
Expense ratio2.10%
CategoryEquity
Min Investment5000
Min SIP1000
Launch Date2020-12-11

Asset Allocation

Holdings As On - 08 December 2023

Holdings

Sectors

Name
Value (Cr)
Holding %

HDFC Bank
310.65
21.49%

ICICI Bank
246.80
17.08%

State Bank Of India
144.25
9.98%

Axis Bank
118.19
8.18%

Federal Bank
68.52
4.74%

Shriram Finance
46.25
3.20%

Fusion Micro Finance
43.62
3.02%

LIC Housing Finance
38.43
2.66%

Peer Comparison

Risk & Volitility

Alpha 0.00%
Beta 0.00
Sharpe Ratio0.00
Std Deviation 0.00%
Tracking Error 0.00%

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 1458.67 crores & has delivered CAGR of 0.00% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 2.10%. The minimum investment in Mirae Asset Banking and Financial Services Fund Regular Growth is Rs 5000 and the minimum SIP is Rs 1000.

As per morningstar the risk & return rating of the fund are Medium & Exceptional respectively.

The top holdings of the fund include HDFC Bank, ICICI Bank, State Bank Of India & Axis Bank.

The major sectors where the fund is invested are Regional Banks, Consumer Financial Services, Insurance (Life) & Insurance (Accident & Health).

Some of the similar funds are Sundaram Financial Services Opportunities Fund Institutional Growth, Tata Banking & Financial Services Fund Regular Growth, Aditya Birla Sun Life Banking & Financial Services Regular Growth, UTI Banking and Financial Services Fund Growth, Mirae Asset Banking and Financial Services Fund Regular Growth. Mirae Asset Banking and Financial Services Fund Regular Growth has a sharpe ratio of 0.00 & a standard deviation of 0.00%.