Q: What are the returns of Mirae Asset Banking and Financial Services Fund?

The Mirae Asset Banking and Financial Services Fund is a 4 yrs 9 m old fund and has delivered average annual returns of 17.6% since inception. Mirae Asset Banking and Financial Services Fund Returns 1-Year 3-Year Since Inception 9.06% 16.99% 17.6%

Question 1

What is the current NAV of Mirae Asset Banking and Financial Services Fund?

Accepted Answer

The current Net Asset Value (NAV) of the Mirae Asset Banking and Financial Services Fund - Direct Growth plan is approximately ₹21.603 as of Sep 08, 2025.

Question 2

What are the returns of Mirae Asset Banking and Financial Services Fund?

Accepted Answer

The Mirae Asset Banking and Financial Services Fund is a 4 yrs 9 m old fund and has delivered average annual returns of 17.6% since inception.

Mirae Asset Banking and Financial Services Fund Returns

1-Year	3-Year	Since Inception
9.06%	16.99%	17.6%

Question 3

How much does Mirae Asset Banking and Financial Services Fund charge as the expense ratio?

Accepted Answer

The Mirae Asset Banking and Financial Services Fund - Direct Growth has an expense ratio of 0.6%, which reflects the fund's management and operating costs. This percentage is subtracted from the fund's annual returns, impacting net returns for investors.

Question 4

What is the AUM or size of Mirae Asset Banking and Financial Services Fund?

Accepted Answer

The Mirae Asset Banking and Financial Services Fund currently has assets under management (AUM) or fund size valued at approximately ₹1,998 Crs crore as of Jun 30, 2025.

Question 5

What are the top stock holdings of Mirae Asset Banking and Financial Services Fund?

Accepted Answer

The Mirae Asset Banking and Financial Services Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	26.7%
ICICI Bank Ltd.	17.29%
State Bank of India	7.6%
Axis Bank Ltd.	7.2%
Bajaj Finance Ltd.	2.93%
Kotak Mahindra Bank Ltd.	2.87%
SBI Life Insurance Company Ltd.	2.87%
Aditya Birla Capital Ltd.	2.44%
DCB Bank Ltd.	2.27%
Karur Vysya Bank Ltd.	1.92%

Question 6

What are the top sectors Mirae Asset Banking and Financial Services Fund has invested in?

Accepted Answer

The Mirae Asset Banking and Financial Services Fund has primarily invested in the following sectors

Company	Percentage of Portfolio
HDFC Bank Ltd.	26.7%
ICICI Bank Ltd.	17.29%
State Bank of India	7.6%
Axis Bank Ltd.	7.2%
Bajaj Finance Ltd.	2.93%
Kotak Mahindra Bank Ltd.	2.87%
SBI Life Insurance Company Ltd.	2.87%
Aditya Birla Capital Ltd.	2.44%
DCB Bank Ltd.	2.27%
Karur Vysya Bank Ltd.	1.92%

Question 7

What is the risk level of Mirae Asset Banking and Financial Services Fund?

Accepted Answer

This is a Sectoral-banking fund comes with Very High risk.

Question 8

Is there any lock-in period in Mirae Asset Banking and Financial Services Fund?

Accepted Answer

No, this fund does not have any lock-in period.

Question 9

How do I invest in Mirae Asset Banking and Financial Services Fund?

Accepted Answer

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. It is just a matter of a few minutes. Here's how:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Mirae Asset Banking and Financial Services Fund and choose the investment mode (Lump sum investment or a SIP). Then, enter your investment amount.
Fill in additional required details, including the bank account you'll use for payment, and confirm.

All set! Your investment in Mirae Asset Banking and Financial Services Fund is complete.

Question 10

How can I redeem my investments in Mirae Asset Banking and Financial Services Fund?

Accepted Answer

Redeeming your investments in Mirae Asset Banking and Financial Services Fund is super easy. If you have invested in this fund via ET Money, just login into the app, go to the investment section and put the redemption request.

If you have invested in Mirae Asset Banking and Financial Services Fund from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.6% as on Aug 31, 2025
Exit load	1.0% Exit load of 1% if redeemed within one year.!
AUM (Fund size)	₹1,998 Cr
Lock-in Period	Nil
Age	4 yrs 9 m since Nov 25, 2020
Benchmark	NIFTY Financial Services TRI
Min. investment	SIP: ₹1000 & Lumpsum: ₹5000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Period	This fund	Category average
1 Month	-1.36%	-1.06%
3 Months	-2.86%	-3.52%
6 Months	16.47%	15.21%
1 Year	9.06%	7.15%
2 Years	14.64%	16.29%
3 Years	16.99%	16.99%
4 Years	14.13%	13.93%

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Banking and Financial Services Fund	N.A.	1,998 Cr	4 yrs 9 m	0.6%
Sundaram Financial Services Opportunities Fund	N.A.	1,548 Cr	12 yrs 8 m	0.79%
Invesco India Financial Services Fund	N.A.	1,392 Cr	12 yrs 8 m	0.83%
Nippon India Banking & Financial Services Fund	N.A.	7,160 Cr	12 yrs 8 m	0.99%
SBI Banking & Financial Services Fund	N.A.	7,650 Cr	10 yrs 6 m	0.77%
Tata Banking and Financial Services Fund	N.A.	2,797 Cr	9 yrs 9 m	0.47%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Banking and Financial Services Fund	-1.36%	16.47%	9.06%	16.99%	N.A.	N.A.
Sundaram Financial Services Opportunities Fund	-2.2%	9.6%	0.32%	17.53%	23.67%	15.33%
Invesco India Financial Services Fund	-1.57%	17.89%	7.49%	20.31%	23.7%	17.12%
Nippon India Banking & Financial Services Fund	-1.42%	13.28%	5.26%	16.84%	26.13%	14.79%
SBI Banking & Financial Services Fund	-0.86%	16.87%	11.61%	18.35%	23.1%	18.06%
Tata Banking and Financial Services Fund	-0.53%	14.96%	8.01%	17.85%	22.05%	17.12%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Banking and Financial Services Fund	13.44	0.94	0.77	1.89
Sundaram Financial Services Opportunities Fund	13.28	0.91	0.82	1.67
Invesco India Financial Services Fund	12.91	0.83	1.02	1.73
Nippon India Banking & Financial Services Fund	12.1	0.84	0.87	1.8
SBI Banking & Financial Services Fund	11.9	0.81	0.96	2.04
Tata Banking and Financial Services Fund	13.17	0.91	0.85	2.34

Mirae Asset Banking and Financial Services Fund Direct - Growth

Historical NAV & returns

Mirae Asset Banking and Financial Services Fund overview

Mirae Asset Banking and Financial Services Fund Returns calculator

Trailing returns as on Sep 01, 2025

Asset allocationas on May 31, 2025

Peer comparison

Key risk & return ratios Compared to other funds in the category

Compare Mirae Asset Banking and Financial Services Fund in detail with

About this fund

About Mirae Asset Banking and Financial Services Fund

Fund managers

Investment objective

Mirae Asset Mutual Fund details

More funds from Mirae Asset Mutual Fund

Frequently asked questions

Mirae Asset Banking and Financial Services Fund Returns

ET Money rank

Alpha	5.81 vs. 5.19 Higher outperformance against benchmark
Sharpe	0.77 vs. 4.11 Poor risk-adjusted returns
Beta	0.94 vs. 0.74 More sensitive to market's ups & downs
Standard deviation	13.44 vs. 7.75 More volatile performance

Fund AUM	1,998 Cr as on May 31, 2025
Scheme document	View Scheme Document

No. of schemes	47 view all schemes
Total AUM	2,02,662 Cr as on Jun 30, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

Fund name	ETM Rank	AUM	1Y	5Y
Mirae Asset Midcap Fund	N.A.	16,337 Cr	0.69%	28.62%
Mirae Asset Great Consumer Fund	N.A.	4,224 Cr	0.27%	24.34%
Mirae Asset ELSS Tax Saver Fund	N.A.	25,567 Cr	1.24%	22.59%
Mirae Asset Large & Midcap Fund	N.A.	39,459 Cr	-0.72%	22.43%
Mirae Asset Healthcare Fund	N.A.	2,691 Cr	1.6%	20.7%
Mirae Asset Diversified Equity Allocator Passive FoF	N.A.	938 Cr	-1.66%	19.87%

Sector	Percentage of Portfolio
Financial	90.01%
Insurance	5.5600000000000005%
Services	2.4699999999999998%