Mirae Asset Banking&Financial Services Fund-DirGrowth

₹ 1,000
Min SIP
₹ 5,000
Min Lumpsum
0.55 %
Expense Ratio
Rating
1,489
Fund Size (in Cr)
4 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 1 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 18 August 2023 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 16.9% - - 18.1%
Category Average 6.8% 21.9% 11.4% -

Scheme Allocation

By Holding
By Sector
By Asset
21.27%
17.67%
7.71%
4.89%
Others
38.49%
View all Holdings
Holdings Sector Instrument Asset
HDFC Bank Banks Equity 21.27%
ICICI Bank Banks Equity 17.67%
St Bk of India Banks Equity 9.97%
Axis Bank Banks Equity 7.71%
Federal Bank Banks Equity 4.89%
Fusion Microfin. Finance Equity 3.6%
Shriram Finance Finance Equity 3.52%
SBI Life Insuran Insurance Equity 2.89%
Utkarsh Small F. Banks Equity 2.76%
Bajaj Finserv Finance Equity 2.55%
LIC Housing Fin. Finance Equity 2.44%
SBI Cards Finance Equity 2.39%
Canara Bank Banks Equity 2.1%
IIFL Finance Finance Equity 1.97%
Kotak Mah. Bank Banks Equity 1.97%
Chola Financial Finance Equity 1.82%
Max Financial Finance Equity 1.74%
IndusInd Bank Banks Equity 1.59%
ICICI Lombard Insurance Equity 1.54%
Power Fin.Corpn. Finance Equity 1.5%
Five-Star Bus.Fi Finance Equity 1.27%
Repco Home Fin Finance Equity 1.17%
KFin Technolog. Miscellaneous Equity 1.06%
One 97 E-Commerce/App based Aggregator Equity 0.16%
Can Fin Homes Finance Equity 0.08%
CreditAcc. Gram. Finance Equity 0%
Bank of Baroda Banks Equity 0%
Banks
69.94%
Finance
22.31%
Insurance
6.17%
Capital Markets
1.06%
Debt
0.91%
Equity
99.63%
Reverse Repos
0.91%
Net Curr Ass/Net Receivables
-0.54%

Advance Ratio

-
Alpha
-
SD
-
Beta
-
Sharpe

Exit Load

Exit Load 1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days).

Fund 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.

Fund Managers

Gaurav Kochar

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

Mirae Asset Mutual Fund
AUM:
1,24,824 Cr
Address:
Unit 606,6th Flr,Windsor Off. CST Road,Kalina, Santacruz(E),Mumbai-400098
Contact:
022-67800300
Email ID:
customercare@miraeasset.com

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Frequently Asked Questions

How to invest in Mirae Asset Banking&Financial Services Fund-DirGrowth ?

You can invest in Mirae Asset Banking&Financial Services Fund-DirGrowth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for Mirae Asset Banking&Financial Services Fund-DirGrowth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of Mirae Asset Banking&Financial Services Fund-DirGrowth ?

The NAV of Mirae Asset Banking&Financial Services Fund-DirGrowth is ₹15.6 as of 18 August 2023.

How to redeem Mirae Asset Banking&Financial Services Fund-DirGrowth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of Mirae Asset Banking&Financial Services Fund-DirGrowth?

The minimum SIP amount of Mirae Asset Banking&Financial Services Fund-DirGrowth is ₹1000

What are the top sectors Mirae Asset Banking&Financial Services Fund-DirGrowth has invested in?

The top sectors Mirae Asset Banking&Financial Services Fund-DirGrowth has invested in are
  1. Banks - 69.94%
  2. Finance - 22.31%
  3. Insurance - 6.17%
  4. Capital Markets - 1.06%
  5. Debt - 0.91%

Can I make investments in both the SIP and Lump Sum schemes of Mirae Asset Banking&Financial Services Fund-DirGrowth?

Yes, You can select both SIP or Lumpsum investment of Mirae Asset Banking&Financial Services Fund-DirGrowth based on your investment objective and risk tolerance.

How much returns have Mirae Asset Banking&Financial Services Fund-DirGrowth generated ?

The Mirae Asset Banking&Financial Services Fund-DirGrowth has delivered 18.1% since inception

What is the expense ratio of Mirae Asset Banking&Financial Services Fund-DirGrowth ?

The expense ratio of Mirae Asset Banking&Financial Services Fund-DirGrowth is 0.55 % as of 18 August 2023.

What is the AUM of Mirae Asset Banking&Financial Services Fund-DirGrowth?

The AUM of Mirae Asset Banking&Financial Services Fund-DirGrowth is ₹1,24,824 Cr as of 18 August 2023

What are the top stock holdings of Mirae Asset Banking&Financial Services Fund-DirGrowth?

The top stock holdings of Mirae Asset Banking&Financial Services Fund-DirGrowth are
  1. HDFC Bank - 21.27%
  2. ICICI Bank - 17.67%
  3. St Bk of India - 9.97%
  4. Axis Bank - 7.71%
  5. Federal Bank - 4.89%

How can I redeem my investments in Mirae Asset Banking&Financial Services Fund-DirGrowth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select Mirae Asset Banking&Financial Services Fund-DirGrowth in Scheme, enter the redemption amount, and click on submit button.
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