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Home › Mutual Funds › Mirae Asset Mutual Fund › Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
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: ₹23.329 (-0.656%)
NAV on September 08, 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: -0.61%
  • 1Y: Positive return: 8.43%
  • 3M: Positive return: 7.38%
  • 3Y: Positive return: 12.86%
  • 6M: Positive return: 1.41%
  • 5Y: Positive return: 12.85%
Min Investment ₹5,000
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ADDITIONAL INFO
Fund Manager Abhijith Vara (Since 12 months)
ISIN INF769K01GY7
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 3.20
Beta 0.96
R-Squared 89.16
Info Ratio 0.63
Tracking Err 5.19
Sortino 0.865
Sharpe 0.559
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.

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

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Quant BFSI Fund Direct Growth
₹ 21.687 20.35% ₹ 899 cr 1.89% High
INVESCO ASSET MANAGEMENT COMPANY PRIVATE LIMITED logo
Invesco India Financial Services Fund Direct Plan Growth
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SBI MUTUAL FUND logo
SBI Banking & Financial Services Direct Growth
₹ 48.618 3.93% ₹ 10,872 cr 1.16% Low


Other plans of Mirae Asset Banking and Fincl Svcs Fund


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