Mirae Asset Banking and Financial Services Fund

Q: What are the returns of this mutual fund scheme?

The Mirae Asset Banking and Financial Services Fund is a 4 yrs 11 m old fund and has delivered average annual returns of 16.92% since inception. Mirae Asset Banking and Financial Services Fund Returns 1-Year 3-Year Since Inception 16.3% 17.89% 16.92%

NAV as of Oct 20, 2025	Returns since inception	ET Money Rank	AUM (Fund size)
₹21.348+0.61% 1 day change	16.92% p.a.	App exclusive #NA View Ranked Funds	₹2,014 Cr

Historical NAV & returns

NAV: ₹21.348 as on Oct 20, 2025

This fund Category average

Mirae Asset Banking and Financial Services Fund overview

AUM (Fund size)	₹2,014 Cr
Exit load	1.0% Exit load of 1% if redeemed within one year.!
Lock-in Period	Nil
Age	4 yrs 11 m since Nov 25, 2020
Benchmark	NIFTY Financial Services TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Expense ratio	2.03% as on Sep 30, 2025
Plan type	Regular
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%

Mirae Asset Banking and Financial Services Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Oct 24, 2025

Period	This fund	Category average
1 Month	5.58%	4.91%
3 Months	3.75%	3.57%
6 Months	9.0%	8.93%
1 Year	16.3%	14.88%
2 Years	20.19%	21.06%
3 Years	17.89%	18.03%
4 Years	12.05%	12.39%

View returns in detail

Asset allocationas on Sep 30, 2025

Large Cap 73.09%

Mid Cap 14.2%

Small Cap 11.78%

Other Cap 0%

Top holdings

HDFC Bank Ltd.26.65%

ICICI Bank Ltd.16.19%

State Bank of India8.55%

Axis Bank Ltd.7.73%

Top sectors

Financial 91.30000000000001%

Insurance 5.42%

Services 2.37%

Credit quality

Bifurcation by Credit Quality is not available for this fund

Top Debt Holdings

Bifurcation by Holding is not available for this fund

Allocation by Instruments

Repo 1.05541082%

Other Holdings

Others 1.06%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
Mirae Asset Banking and Financial Services Fund	5.58%	9.0%	16.3%	17.89%	N.A.	N.A.
Sundaram Financial Services Opportunities Fund	5.97%	4.68%	10.64%	18.52%	21.97%	14.36%
Nippon India Banking & Financial Services Fund	4.64%	6.8%	14.29%	18.38%	25.83%	13.97%
SBI Banking & Financial Services Fund	4.81%	11.41%	18.61%	19.31%	21.55%	16.75%
Invesco India Financial Services Fund	5.05%	9.6%	13.34%	20.89%	21.83%	15.32%
Tata Banking and Financial Services Fund	5.79%	7.55%	15.2%	18.32%	20.07%	16.13%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Mirae Asset Banking and Financial Services Fund	13.04	0.93	0.84	1.93
Sundaram Financial Services Opportunities Fund	13.09	0.91	0.88	1.67
Nippon India Banking & Financial Services Fund	12.0	0.84	0.92	1.76
SBI Banking & Financial Services Fund	11.71	0.81	1.03	1.88
Invesco India Financial Services Fund	12.65	0.82	1.04	1.66
Tata Banking and Financial Services Fund	13.0	0.9	0.85	2.04

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Mirae Asset Banking and Financial Services Fund	N.A.	2,014 Cr	4 yrs 11 m	2.03%
Sundaram Financial Services Opportunities Fund	N.A.	1,514 Cr	17 yrs 6 m	2.1%
Nippon India Banking & Financial Services Fund	N.A.	7,185 Cr	22 yrs 5 m	1.84%
SBI Banking & Financial Services Fund	N.A.	8,693 Cr	10 yrs 8 m	1.78%
Invesco India Financial Services Fund	N.A.	1,422 Cr	17 yrs 5 m	2.13%
Tata Banking and Financial Services Fund	N.A.	2,917 Cr	9 yrs 10 m	1.91%

View all Sectoral-banking funds

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

Alpha	4.91 vs. 5.12 Underperformed at beating benchmark
Sharpe	0.84 vs. 3.91 Poor risk-adjusted returns
Beta	0.93 vs. 0.73 More sensitive to market's ups & downs
Standard deviation	13.04 vs. 7.62 More volatile performance

Compare Mirae Asset Banking and Financial Services Fund in detail with

About this fund

About Mirae Asset Banking and Financial Services Fund

Mirae Asset Banking and Financial Services Fund is a Sectoral-Banking mutual fund scheme from Mirae Asset Mutual Fund. This fund has been in existence for 4 yrs 11 m, having been launched on 25/11/2020. Mirae Asset Banking and Financial Services Fund has ₹2,014 Crores worth of assets under management (AUM) as on 30/09/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of Mirae Asset Banking and Financial Services Fund as of 20/10/2025 is ₹21.35. The fund has an expense ratio of 2.03%, which is higher than what most other Sectoral-banking funds charge.

Mirae Asset Banking and Financial Services Fund returns of last 1-year are 12.49%. Since launch, it has delivered 16.89% average annual returns. The fund has doubled the money invested in it every 4 yrs.
Mirae Asset Banking and Financial Services Fund scheme's ability to deliver returns consistently is higher than most funds of its category. Its ability to control losses in a falling market is above average.
The fund has the majority of its money invested in Financial, Insurance, Services sectors. It has taken less exposure in Financial, Insurance sectors compared to other funds in the category.
The fund's top 5 holdings are in HDFC Bank Ltd., ICICI Bank Ltd., State Bank of India, Axis Bank Ltd., Bajaj Finance Ltd..

...

Fund AUM	2,014 Cr as on Sep 30, 2025
Scheme document	View Scheme Document

Fund managers

Abhijith Vara

PGDM (IIM Kozhikode ), B.Tech(Elec. Engg, IIT Madras) Prior to joining the Miraem Asset MF, he was associated with Axis AMC, Unifi Capital, Sundaram AMC,

Investment objective

The scheme seeks 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.

Mirae Asset Mutual Fund details

No. of schemes	47 view all schemes
Total AUM	2,15,434 Cr as on Sep 30, 2025
Address	Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai, 400098
Phone	022-67800301 / 1800-2090-777

More funds from Mirae Asset Mutual Fund

Fund name	ETM Rank	AUM	1Y	5Y
Mirae Asset NYSE FANG+ ETF FoF	N.A.	2,347 Cr	73.52%	N.A.
Mirae Asset Midcap Fund	N.A.	17,194 Cr	9.42%	26.35%
Mirae Asset Great Consumer Fund	N.A.	4,632 Cr	3.98%	22.26%
Mirae Asset Global X Artificial Intelligence & Technology ETF FoF	N.A.	383 Cr	42.54%	N.A.
Mirae Asset Large & Midcap Fund	N.A.	40,822 Cr	8.12%	21.14%
Mirae Asset ELSS Tax Saver Fund	N.A.	25,911 Cr	9.46%	20.93%

See all Equity funds from this AMC

Frequently asked questions

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

The current Net Asset Value (NAV) of the Mirae Asset Banking and Financial Services Fund plan is approximately ₹21.348 as of Oct 20, 2025.

What are the returns of this mutual fund scheme?

The Mirae Asset Banking and Financial Services Fund is a 4 yrs 11 m old fund and has delivered average annual returns of 16.92% since inception.

Mirae Asset Banking and Financial Services Fund Returns

1-Year	3-Year	Since Inception
16.3%	17.89%	16.92%

How much does this mutual fund charge as expense ratio?

The Mirae Asset Banking and Financial Services Fund has an expense ratio of 2.03%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The Mirae Asset Banking and Financial Services Fund currently has assets under management (AUM) or fund size valued at approximately 2,014 Cr as on Sep 30, 2025.

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

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.	26.65%
ICICI Bank Ltd.	16.19%
State Bank of India	8.55%
Axis Bank Ltd.	7.73%
Bajaj Finance Ltd.	3.49%
Kotak Mahindra Bank Ltd.	2.93%
SBI Life Insurance Company Ltd.	2.86%
Aditya Birla Capital Ltd.	2.82%
L&T Finance Ltd.	2.13%
The Federal Bank Ltd.	2.03%

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

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

Sector	Percentage of Portfolio
Financial	91.30000000000001%
Insurance	5.42%
Services	2.37%

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

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

Is there any lock-in period in this mutual fund?

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

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

Redeeming your investments in the Mirae Asset Banking and Financial Services Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.