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Home › Mutual Funds › Mirae Asset Mutual Fund › Mirae Asset Banking and Financial Services Fund Direct Growth
Latest NAV & returns of MIRAE ASSET GLOBAL INVESTMENTS (INDIA) PVT. LTD.

Mirae Asset Banking and Financial Services Fund Direct Growth

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NAV: ₹23.258 (0.177%)
NAV on September 10, 2026
Category Equity:
Sector - Financial Services
Investment StyleBox
Total Assets ₹2,306 cr
Turnover Ratio 38.08%
Expense Ratio 0.54%
Exit Load 1.00%if redeemed within
1 Months0.00%if redeemed after 1 Months
Returns
  • 1M: Negative return: -1.42%
  • 1Y: Positive return: 6.93%
  • 3M: Positive return: 5.29%
  • 3Y: Positive return: 12.62%
  • 6M: Positive return: 1.04%
  • 5Y: Positive return: 12.81%
Min Investment ₹5,000
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ADDITIONAL INFO
Fund Manager Abhijith Vara (Since 12 months)
ISIN INF769K01GX9
Fund Family Mirae Asset
P/E Ratio 18.23
P/B Ratio 2.23
Launch Date December 11, 2020
Benchmark Nifty Financial Services TR INR

Asset Allocation

  • Equity: 98.2%
  • Debt: 1.8%
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs Nifty Financial Services TR INR

Alpha 3.24
Beta 0.96
R-Squared 89.17
Info Ratio 0.64
Tracking Err 5.19
Sortino 0.870
Sharpe 0.562
Std Dev 15.621
Risk Below Average
SECTOR WEIGHTINGS (%)
Financial 96.73%
Industrial 0.0%
Technology 3.27%
Basic Materials 0.0%
Consumer Cyclical 0.0%
Utilities Services 0.0%
Healthcare Services 0.00%
Energy Services 0.00%
Communication Services 0.00%
Consumer Defensive 0.00%
Real Estate 0.00%
INVESTMENT OBJECTIVE

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.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

View Factsheet

Top Sector Financial Services Funds

Name Latest NAV Returns 1y   Fund Assets Expense Ratio Risk
QUANT MUTUAL FUND logo
Quant BFSI Fund Direct Growth
₹ 21.726 19.75% ₹ 899 cr 1.89% High
INVESCO ASSET MANAGEMENT COMPANY PRIVATE LIMITED logo
Invesco India Financial Services Fund Direct Plan Growth
₹ 176.300 9.04% ₹ 1,845 cr 0.70% Below Average
SBI MUTUAL FUND logo
SBI Banking & Financial Services Direct Growth
₹ 48.417 2.43% ₹ 10,873 cr 1.16% Low


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