Mirae Asset Banking and Financial Services Fund Regular Growth

• Alpha 0.00%
• Beta 0.00
• Sharpe Ratio0.51
• Std Deviation 15.30%
• Tracking Error 0.00%

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 2272.13 crores & has delivered CAGR of 14.65% in the last 5 years. The fund has an exit load of 1.00% and an expense ratio of 2.00%. 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 & Exceptional respectively.

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, Aditya Birla Sun Life Banking & Financial Services Regular Growth, Tata Banking & Financial Services Fund Regular Growth, DSP Banking & Financial Services Fund Regular Growth. Mirae Asset Banking and Financial Services Fund Regular Growth has a sharpe ratio of 0.51 & a standard deviation of 15.30%.