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 June 05, 2023
Category Equity:
Sector - Financial Services
Investment StyleBox
Large Blend
Total Assets 1,320 cr
Turnover Ratio 6.92%
Expense Ratio 0.55%
Exit Load 1.00%if redeemed within
1 Years
0.00%if redeemed after 1 Years
Returns
  • 1M: 4.85%
  • 1Y: 25.81%
  • 3M: 8.64%
  • 3Y: N/A
  • 6M: 3.81%
  • 5Y: N/A
Min Investment 5,000
ADDITIONAL INFO
Fund Manager Gaurav Kochar (Since over 2 years)
ISIN INF769K01GY7
Fund Family Mirae Asset
P/E Ratio 15.58
P/B Ratio 2.21
Launch Date December 11, 2020
Benchmark IISL Nifty Financial Services TR INR
ASSET ALLOCATION
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs IISL Nifty Financial Services TR INR

Alpha -
Beta -
R-Squared -
Info Ratio -
Tracking Err -
Sortino -
Sharpe -
Std Dev -
Risk -
SECTOR WEIGHTINGS (%)
Financial 98.88%
Industrial 0.0%
Technology 1.12%
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
77.195 29.03% 659 cr 0.97% Below Average
101.020 24.96% 505 cr 1.08% Low
Best Sector Financial Services Funds
NAME LATEST
NAV
RETURNS
1y    
FUND
ASSETS
Expense
RATIO
RISK
33.735 30.18% 1,363 cr 0.57% Low
17.923 29.19% 141 cr 1.54% Below Average
77.195 29.03% 659 cr 0.97% Below Average
461.855 27.75% 3,982 cr 1.2% Above Average
14.801 25.86% 1,320 cr 0.55% -
101.020 24.96% 505 cr 1.08% Low
Best Arbitrage Fund Funds
NAME LATEST
NAV
RETURNS
1y    
FUND
ASSETS
Expense
RATIO
RISK
12.431 27.64% 2,632 cr 0.41% -


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