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Mirae Asset Banking and Financial Services Fund(IDCW)

IDCW
EquitySectoral Fund - Banks & Financial Services
Mid-size FundAssets Under Mgmt: ₹ 1,844 Cr
Very High RiskPrinciple investment will be at very high risk
19.990.21% (+0.04)

Price Chart

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Returns
0.00%
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SIP
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EquitySectoral Fund - Banks & Financial Services
Mid-size FundAssets Under Mgmt: ₹ 1,844 Cr
Very High RiskPrinciple investment will be at very high risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.6122.541.08
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
1.5126.581.01

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs1.00%
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark
Nifty Financial Services - TRI

About Sectoral Fund - Banks & Financial Services

Sectoral Funds - Banks & Financial Services are equity schemes that majorly invest in financial sector companies. It will give exposure to entire financial sector which comprised a wide range of bank and financial services.

Peers & Comparison

Comparing 3 mutual funds from 
EquitySectoral Fund - Banks & Financial Services
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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
Mirae Asset Banking and Financial Services Fund(IDCW)21.75%16.45%19.02%
ICICI Pru Banking & Fin Serv Fund(IDCW-Payout)10.40%6.14%10.38%
SBI Banking & Financial Services Fund(IDCW-Payout)31.37%18.18%14.77%
Nippon India Banking & Financial Services Fund(IDCW)12.76%13.08%7.50%

Price Comparison

Compare Mirae Asset Banking and Financial Services Fund(IDCW) with any MF, ETF, stock or index
Compare Mirae Asset Banking and Financial Services Fund(IDCW) with any MF, ETF, stock or index
Mirae Asset Banking and Financial Services Fund(IDCW)
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Asset Allocation

Actual

Target

Mar 2024

Jun 2024

Sep 2024

Oct 2024

ACTUAL
Cash & EquivalentsEquity0.48%99.52%

Mar 2024

Jun 2024

Sep 2024

Oct 2024

Tickertape Separator

Sector Distribution

+6 moreInsuranceHome FinancingPublic BanksSpecialized FinancePrivate Banks11.94 %6.12 %6.83 %8.31 %11.71 %55.09 %

Mar 2024

Jun 2024

Sep 2024

Oct 2024

Tickertape Separator

Sector Weightage

Sep 23Dec 23Mar 24Jun 24Sep 24Oct 2458.51%58.00%56.53%56.12%54.51%55.09%
Private Banks as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Equity

Others

  • Constituent
    Holding Weight
    3M Change
  • HDFC Bank Ltd
    HDFCBANK
    3M change : 0.47 %

    Holdings

    16.93 %

    0.47 %
  • ICICI Bank Ltd
    ICICIBANK
    3M change : 0.60 %

    Holdings

    16.87 %

    0.60 %
  • State Bank of India
    SBIN
    3M change : -0.10 %

    Holdings

    8.31 %

    -0.10 %

AMC Profile

Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

  • No.of Schemes

    43

  • Total AUM

    ₹ 1,81,917.96 Cr.

Fund Manager Profile

Gaurav Kochar

AUM:  ₹1,844.80 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp:

Vishal Singh

AUM:  ₹2,799.81 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: 5yrs

Manager Performance (0)

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Tax Implications

Invested period < 1 year

Gains are treated as short-term capital gains and taxed at 20%

Invested period > 1 year

Gains are treated as long-term capital gains and taxed at 12.5%

Let’s calculate your returns after tax

Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.

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