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Mirae Asset Banking and Financial Services Fund Regular Growth

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NAV
₹ 16.838 ₹ 0.21 (1.26 %)
as on 22-04-2024
Asset Size (AUM)
1,593.76 Cr
Launch Date
Dec 11, 2020
Investment Objective
The scheme seeks 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.
Minimum Investment 5000.0
Minimum Top-up 1000.0
Investment Returns Since Launch in Dec 11, 2020
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16.75

%
3 M
6 M
1 Y
3 Y
10 Y
Inception
Sharp Ratio
0.63 %
Expense Ratio
2.08%
Volatility
14.78 %
Fund House
Mirae Asset Mutual Fund
Fund Manager
Gaurav Kochar
Key Features
Scheme description
Minimum Purchase Application Amount
Rs. 5000.0 (plus in multiples of Rs. 1000.0)

Entry Load
Not applicable
Exit Load
If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL.
Indicative Investment Horizon
5 Years and above
Asset Allocation
Fund's historical return comparison with other asset classes
Fund Performance
Fund's historical return comparison with other asset classes
Performance

Scheme Performance (%)

Data as on - 22-04-2024

Yearly Performance (%)

Investment Returns Calculator
Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/month and taken till the last day of the duration. In this chart we are showing the annualized returns over the rolling returns period on every day from the start date and comparing it with the benchmark. Rolling returns is the best measure of a fund's performance. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund's absolute and relative performance across all timescales, without bias.
Peer Comparison
Scheme Name Inception Date 1 Year Return % 2 Year Return % 3 Year Return % 5 Year Return % 10 Year Return %
Mirae Asset Banking and Financial Services Fund Regular Growth 11-12-2020 27.05 19.14 16.71 0.0 0.0
Invesco India Financial Services Fund - Retail Growth 14-07-2008 37.45 21.74 19.64 14.71 16.47
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 36.53 25.12 20.6 17.12 15.93
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 32.65 19.02 15.89 13.7 0.0
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 31.87 20.73 23.04 13.16 15.63
Aditya Birla Sun Life Banking and Financial Services Fund - Regular Plan - Growth 01-12-2013 30.18 18.4 17.57 12.38 16.25
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 28.04 18.5 14.76 11.51 13.18
Tata Banking And Financial Services Fund-Regular Plan-Growth 18-12-2015 26.98 20.5 15.88 13.74 0.0
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 26.7 18.63 16.29 9.51 12.62
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 26.26 19.58 0.0 0.0 0.0
Portfolio Analysis
Portfolio as on
Sector Allocation
Sector Allocation (%)
Portfolio Holdings
Company Allocation (%)
Sector Allocation
Portfolio Holdings