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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: ₹21.955 (0.531%)
NAV on November 02, 2026
Category Equity:
Sector - Financial Services
Investment StyleBox
Total Assets ₹2,196 cr
Turnover Ratio 38.08%
Expense Ratio 0.78%
Exit Load 1.00%if redeemed within
1 Months0.00%if redeemed after 1 Months
Returns
  • 1M: Negative return: -0.28%
  • 1Y: Negative return: -4.02%
  • 3M: Negative return: -6.00%
  • 3Y: Positive return: 11.84%
  • 6M: Negative return: -2.10%
  • 5Y: Positive return: 10.23%
Min Investment ₹5,000
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ADDITIONAL INFO
Fund Manager Abhijith Vara (Since about 1 year)
ISIN INF769K01GY7
Fund Family Mirae Asset
P/E Ratio 18.20
P/B Ratio 2.20
Launch Date December 11, 2020
Benchmark Nifty Financial Services TR INR

Asset Allocation

  • Equity: 97.9%
  • Debt: 2.1%
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs Nifty Financial Services TR INR

Alpha 1.91
Beta 0.97
R-Squared 89.33
Info Ratio 0.36
Tracking Err 5.33
Sortino 0.581
Sharpe 0.390
Std Dev 16.273
Risk Average
SECTOR WEIGHTINGS (%)
Financial 95.4%
Industrial 0.0%
Technology 4.6%
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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Name Latest NAV Returns 1y   Fund Assets Expense Ratio Risk
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Quant BFSI Fund Direct Growth
₹ 19.628 3.06% ₹ 894 cr 1.95% High
INVESCO ASSET MANAGEMENT COMPANY PRIVATE LIMITED logo
Invesco India Financial Services Fund Direct Plan Growth
₹ 167.510 -1.11% ₹ 1,789 cr 0.96% Average
SBI MUTUAL FUND logo
SBI Banking & Financial Services Direct Growth
₹ 46.858 -5.51% ₹ 10,420 cr 1.19% Low


Other plans of Mirae Asset Banking and Fincl Svcs Fund


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