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Mirae Asset Banking and Financial Services Fund(IDCW) Direct IDCW

IDCW
22.270.46% (-0.10)
High
Low
Returns
0.00%
0.00%
1M
6M
1Y
3Y
5Y
Max
SIP
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1M
6M
1Y
3Y
5Y
Max
SIP

Mid-size Fund

Assets Under Mgmt: ₹ 2,085 Cr

Very High Risk

Principle investment will be at very high risk

How to use scorecard? Learn more

Mid-size Fund

Assets Under Mgmt: ₹ 2,085 Cr

Very High Risk

Principle investment will be at very high risk

Mirae Asset Banking and Financial Services Fund(IDCW) Performance & Key Metrics

Mirae Asset Banking and Financial Services Fund(IDCW) Performance & Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.6024.870.55
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
1.5032.080.64

Mirae Asset Banking and Financial Services Fund(IDCW) Scheme InfoMirae Asset Banking and Financial Services Fund(IDCW) Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs1.00%
1% on or before 1Y Nil after 1Y
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark

About Sectoral Fund - Banks & Financial Services

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.

Mirae Asset Banking and Financial Services Fund(IDCW) Peers

Mirae Asset Banking and Financial Services Fund(IDCW) 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)12.01%23.12%19.08%
ICICI Pru Banking & Fin Serv Fund(IDCW-Payout)4.34%10.82%10.09%
SBI Banking & Financial Services Fund(IDCW-Payout)15.89%23.89%15.08%
Nippon India Banking & Financial Services Fund(IDCW)5.37%16.36%7.46%

Mirae Asset Banking and Financial Services Fund(IDCW) Returns 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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Mirae Asset Banking and Financial Services Fund(IDCW) Portfolio

Mirae Asset Banking and Financial Services Fund(IDCW) Asset Allocation

Mirae Asset Banking and Financial Services Fund(IDCW) Asset Allocation

Actual

Target

Sep 2024

Dec 2024

Mar 2025

Jun 2025

ACTUAL
Cash & EquivalentsEquity0.40%99.60%

Sep 2024

Dec 2024

Mar 2025

Jun 2025

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Mirae Asset Banking and Financial Services Fund(IDCW) Sector Distribution

Mirae Asset Banking and Financial Services Fund(IDCW) Sector Distribution

+5 moreHome FinancingInsurancePublic BanksSpecialized FinancePrivate Banks7.94 %3.40 %5.38 %9.41 %12.24 %61.63 %

Sep 2024

Dec 2024

Mar 2025

Jun 2025

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Mirae Asset Banking and Financial Services Fund(IDCW) Sector Weightage

Mirae Asset Banking and Financial Services Fund(IDCW) Sector Weightage

Mar 24Jun 24Sep 24Dec 24Mar 25Jun 2556.53%56.12%54.51%53.77%51.72%61.63%
Private Banks as a % of total holdings for last six quarters
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Mirae Asset Banking and Financial Services Fund(IDCW) Current Holdings

Mirae Asset Banking and Financial Services Fund(IDCW) Current Holdings

Equity

Others

  • Constituent
    Holding Weight
    3M Change

AMC Profile of Mirae Asset Banking and Financial Services Fund(IDCW)

AMC Profile of Mirae Asset Banking and Financial Services Fund(IDCW)

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.

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

    50

  • Total AUM

    ₹ 1,93,564.77 Cr.

Mirae Asset Banking and Financial Services Fund(IDCW) Manager Details

Mirae Asset Banking and Financial Services Fund(IDCW) Manager Details

Mirae Asset Banking and Financial Services Fund(IDCW) Manager Profile

Mirae Asset Banking and Financial Services Fund(IDCW) Manager Profile

Harshad Borawake

AUM:  ₹16,896.06 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp:

Qualification

Data not available

Past Experience

Data not available

Funds Managed (20)
10.45%
10.45%
21.36%
21.36%
2.02%
2.02%
12.01%
12.01%
23.12%
23.12%
0.60%
0.60%
10.45%
10.45%
21.36%
21.36%
2.02%
2.02%
12.01%
12.01%
23.12%
23.12%
0.60%
0.60%

Mirae Asset Banking and Financial Services Fund(IDCW) Manager Performance (0)

Mirae Asset Banking and Financial Services Fund(IDCW) Manager Performance (0)

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Mirae Asset Banking and Financial Services Fund(IDCW) Tax Implications

Mirae Asset Banking and Financial Services Fund(IDCW) 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.

+

-

You make

Mirae Asset Banking and Financial Services Fund(IDCW) Review & Opinions

Mirae Asset Banking and Financial Services Fund(IDCW) Review & Opinions

The content here in the form of articles and videos is for information purposes only and may have been sourced from publicly available sources or otherwise. Tickertape does not guarantee the authenticity and veracity of the material shared. The User understands and agrees that Tickertape is not aware nor liable for any content shared here.

Frequently asked questions

Frequently asked questions

  1. What is the current price / NAV of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The current NAV of Mirae Asset Banking and Financial Services Fund(IDCW) is ₹22.27, as of 11th July 2025.

  2. What are the returns of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The Mirae Asset Banking and Financial Services Fund(IDCW) was launched on 11th December 2020. This mutual fund's past returns are as follows:
    • 1 Year Returns: 12.01%
    • 3 Year Returns: 23.12%

  3. What are the top 5 sectoral holdings of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The top sectors Mirae Asset Banking and Financial Services Fund(IDCW) has invested in are as follows:
    • Private Banks | 61.63%
    • Specialized Finance | 12.24%
    • Public Banks | 9.41%
    • Insurance | 5.38%
    • Home Financing | 3.40%
    This data is as on 11th July 2025.

  4. What are the top 5 holdings of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The top 5 holdings for Mirae Asset Banking and Financial Services Fund(IDCW) are as follows:
    • HDFC Bank Ltd | 25.63%
    • ICICI Bank Ltd | 16.53%
    • Axis Bank Ltd | 7.91%
    • State Bank of India | 7.66%
    • Bajaj Finance Ltd | 3.38%
    This data is as on 11th July 2025.

  5. What is the asset allocation of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The asset allocation for Mirae Asset Banking and Financial Services Fund(IDCW) is as follows:
    • Equity | 99.60%
    • Cash & Equivalents | 0.40%
    This data is as on 11th July 2025.

  6. What is the AUM of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The AUM (i.e. assets under management) of Mirae Asset Banking and Financial Services Fund(IDCW) is ₹2085.20 Cr as of 11th July 2025.

  7. What is the expense ratio of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The expense ratio of Mirae Asset Banking and Financial Services Fund(IDCW) Plan is 0.60 as of 11th July 2025.

  8. What is the alpha ratio of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The alpha ratio for the Mirae Asset Banking and Financial Services Fund(IDCW) is 0.63

    Alpha is the excess return of a fund compared to its expected return, based on its beta and the risk-free rate. Positive alpha indicates that the fund has outperformed its expected return, while negative alpha suggests underperformance.

  9. What is the volatility or standard deviation of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The volatility or standard deviation for the Mirae Asset Banking and Financial Services Fund(IDCW) is 15.68

    Standard deviation measures the volatility or risk associated with the returns of a mutual fund. A higher standard deviation indicates higher volatility, suggesting that the returns of the mutual fund are more spread out from the average. On the other hand, a lower standard deviation implies lower volatility and a more stable performance.

  10. What is the sharpe ratio of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The Sharpe ratio for the Mirae Asset Banking and Financial Services Fund(IDCW) is 0.55

    The Sharpe ratio is a measure of risk-adjusted return that evaluates the performance of a mutual fund, by adjusting for its risk. Higher Sharpe ratio indicates a better risk-adjusted performance. A positive Sharpe ratio indicates that the MF has provided a return in excess of the risk-free rate for the amount of risk taken. Conversely, a negative Sharpe ratio suggests that the MF did not adequately compensate for the risk.

  11. What is the Sortino ratio of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The Sortino Ratio for the Mirae Asset Banking and Financial Services Fund(IDCW) is 0.06

    The Sortino ratio of a mutual fund is a measure of its risk-adjusted return, considering only downside volatility. It helps investors evaluate how well a fund is performing relative to its downside risk. A higher Sortino ratio (value >1) means the fund generates better returns for the downside risk taken.

  12. What is the Price to Earnings (PE) ratio of Mirae Asset Banking and Financial Services Fund(IDCW)?

    The PE ratio of Mirae Asset Banking and Financial Services Fund(IDCW) is 24.87, while category PE ratio is 32.08.