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

Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl

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

NAV on May 24, 2024
Category Equity:
Sector - Financial Services
Investment StyleBox
Large Growth
Total Assets 1,703 cr
Turnover Ratio 29.22%
Expense Ratio 0.59%
Exit Load 1.00%if redeemed within
1 Years
0.00%if redeemed after 1 Years
Returns
  • 1M: 1.67%
  • 1Y: 25.41%
  • 3M: 3.63%
  • 3Y: 16.07%
  • 6M: 13.52%
  • 5Y: N/A
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Gaurav Kochar (Since over 3 years)
ISIN INF769K01GY7
Fund Family Mirae Asset
P/E Ratio 14.18
P/B Ratio 2.46
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 5.79
Beta 0.91
R-Squared 89.52
Info Ratio 1.16
Tracking Err 5.06
Sortino 1.633
Sharpe 0.866
Std Dev 15.049
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.

Dividends that would otherwise be paid out to investors are instead used to purchase more units in the fund. Not as tax efficient as Growth.

View Factsheet

Top Sector Financial Services Funds
NAME LATEST
NAV
RETURNS
1y      
FUND
ASSETS
EXPENSE
RATIO
RISK
103.366 36.50% 1,258 cr 0.78% Below Average
135.060 36.47% 812 cr 1.01% Average
Best Arbitrage Fund Funds
NAME LATEST
NAV
RETURNS
1y    
FUND
ASSETS
Expense
RATIO
RISK
16.826 514 cr 0.68% -


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