Mirae Asset Banking and Financial Services Fund Regular Growth
AUM:
₹ 2,221.99 Cr
Expense Ratio
2.0%
Benchmark
Nifty Financial Services Index (TRI)
ISIN
INF769K01GU5
Minimum Investment
5000.0
Minimum Topup
1000.0
Minimum SIP Amount
99
Exit Load
Exit Load: 1% 1If redeemed within 1 year (365 Days) from the date of allotment, Nil- If redeemed after 365 days from the date of allotment.
Asset Class
Equity
Status
Open Ended Schemes
Fund Manager
Mr. Gaurav Kochar, Mr. Harshad Borawake
21.873
0.09 (0.4252%)
Overview
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.
Asset Allocation
Equity
97.78%
Debt
0.00%
Others
2.22%
Indicators
| Volatility | 14.7 |
| Sharp Ratio | 0.86 |
| Alpha | 2.67 |
| Beta | 0.98 |
| Yield to Maturity | - |
| Average Maturity | - |
-
-
If you invested in this fund:
In the past (time duration):
Total value today:
0
Returns:
0%
-
If you invested in this fund:
In the past (time duration):
Total value today:
0
Returns:
0%
-
| Fund Performance | 1Y (%) | 3Y (%) | 5Y (%) | Since Launch (%) |
|---|---|---|---|---|
| Mirae Asset Banking and Financial Services Fund Regular Growth | 13.62 | 16.45 | 16.92 | 16.92 |
| Nifty Financial Services TRI | 12.22 | 13.7 | 14.69 | 0.11 |
Riskometer
Sector Allocation
| Sector | Holdings (%) |
|---|---|
| Financial Services | 97.78 |
Top 10 Holdings
| Company | Holdings (%) |
|---|---|
| HDFC BANK LIMITED EQ NEW FV RE. 1/- | 26.16 |
| ICICI BANK LIMITED EQ NEW FV RS. 2/- | 15.28 |
| STATE BANK OF INDIA EQ NEW RE. 1/- | 8.68 |
| AXIS BANK LIMITED EQ NE FV RS. 2/- | 7.96 |
| Bajaj Finance Limited | 3.75 |
| ADITYA BIRLA CAPITAL LIMITED EQ | 2.96 |
| SBI LIFE INSURANCE COMPANY LIMITED EQ | 2.95 |
| KOTAK MAHINDRA BANK LIMITED EQ NEW F.V RS.5/- | 2.92 |
| TREPS | 2.38 |
| THE FEDERAL BANK LIMITED EQ NEW FV RS.2/- | 2.36 |
Peer Comparison
| Scheme Name | Inception Date | 1Yr Rtn (%) | 3Yrs Rtn (%) | 5Yrs Rtn (%) | 10Yrs Rtn(%) |
|---|---|---|---|---|---|
| Mirae Asset Banking and Fin Services Reg Gr | 11-12-2020 | 13.62 | 16.45 | 16.92 | 0.0 |
| Quant BFSI Fund Reg Gr | 05-06-2023 | 17.5 | 0.0 | 0.0 | 0.0 |
| SBI Banking and Fin Services Reg Gr | 01-02-2015 | 14.8 | 19.0 | 17.41 | 17.76 |
| ITI Banking and Financial Services Fund Reg Gr | 07-12-2021 | 14.64 | 12.94 | 0.0 | 0.0 |
| DSP Banking & Financial Services Reg Gr | 15-12-2023 | 14.23 | 0.0 | 0.0 | 0.0 |
| Tata Banking And Fin Services Reg Gr | 18-12-2015 | 12.68 | 15.88 | 16.08 | 0.0 |
| Nippon India Banking and Financial Services Fund Gr Gr | 01-05-2003 | 12.67 | 16.97 | 20.62 | 15.24 |
| HDFC Banking & Fin Services Fund Gr | 01-07-2021 | 12.0 | 15.25 | 0.0 | 0.0 |
| ICICI Pru Banking and Fin Services Gr | 05-08-2008 | 11.98 | 14.69 | 16.6 | 15.25 |
| ABSL Banking and Fin Services Reg Gr | 01-12-2013 | 10.87 | 14.94 | 15.84 | 15.23 |