Latest NAV & returns of MIRAE ASSET GLOBAL INVESTMENTS (INDIA) PVT. LTD.

Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl

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previously known as Mirae Asset Banking & Fincl Svcs Dir DP until

NAV on March 28, 2024
Category Equity:
Sector - Financial Services
Investment StyleBox
Large Growth
Total Assets 1,600 cr
Turnover Ratio 29.22%
Expense Ratio 0.61%
Exit Load 1.00%if redeemed within
1 Years
0.00%if redeemed after 1 Years
Returns
  • 1M: -0.18%
  • 1Y: 32.23%
  • 3M: -0.46%
  • 3Y: 16.09%
  • 6M: 7.69%
  • 5Y: N/A
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Gaurav Kochar (Since over 3 years)
ISIN INF769K01GW1
Fund Family Mirae Asset
P/E Ratio 14.14
P/B Ratio 2.26
Launch Date December 11, 2020
Benchmark Nifty Financial Services TR INR
ASSET ALLOCATION
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs Nifty Financial Services TR INR

Alpha 6.16
Beta 0.91
R-Squared 92.51
Info Ratio 1.52
Tracking Err 4.29
Sortino 1.303
Sharpe 0.706
Std Dev 14.853
Risk Low
SECTOR WEIGHTINGS (%)
Financial 99.24%
Industrial 0.0%
Technology 0.76%
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.

This fund may declare and pay out a dividend to you on a periodic basis, but only when it has the profits to do so.

View Factsheet

Top Sector Financial Services Funds
NAME LATEST
NAV
RETURNS
1y      
FUND
ASSETS
EXPENSE
RATIO
RISK
97.566 43.50% 1,150 cr 0.79% Below Average
127.660 43.08% 726 cr 1.03% Average
38.527 30.62% 1,944 cr 0.51% Below Average


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