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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

19.518 (1.345%)
NAV on November 22, 2024
Category Equity:
Sector - Financial Services
Investment StyleBox
Large Growth
Total Assets 1,845 cr
Turnover Ratio 21.10%
Expense Ratio 0.61%
Exit Load 1.00%if redeemed within
1 Years0.00%if redeemed after 1 Years
Returns
  • 1M: -0.49%
  • 1Y: 22.45%
  • 3M: -0.41%
  • 3Y: 15.03%
  • 6M: 9.08%
  • 5Y: N/A
Min Investment 5,000
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ADDITIONAL INFO
Fund Manager Gaurav Kochar (Since almost 4 years)
ISIN INF769K01GW1
Fund Family Mirae Asset
P/E Ratio 15.35
P/B Ratio 2.09
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 4.94
Beta 0.96
R-Squared 89.39
Info Ratio 1.06
Tracking Err 4.96
Sortino 1.072
Sharpe 0.585
Std Dev 15.216
Risk Below Average
SECTOR WEIGHTINGS (%)
Financial 99.04%
Industrial 0.0%
Technology 0.96%
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
Religare invesco mutual fund
Invesco India Financial Services Fund Direct Plan Growth
148.630 30.26% 1,072 cr 0.93% Below Average
Tata
Tata Banking & Financial Services Fund Direct Growth
44.416 20.13% 2,374 cr 0.54% Average
Sundaram mutual fund
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option
105.511 18.99% 1,453 cr 0.77% Below Average


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