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.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%
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%
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%
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%
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.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.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.
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.
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.
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.
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.
Gains are treated as short-term capital gains and taxed at 20%
Gains are treated as long-term capital gains and taxed at 12.5%