Mirae Asset Banking&Financial Services Fund (G)

Sectoral / Thematic

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NAV
20.79(0.89%)
Fund Size (CR)
₹2,272.13
Expense Ratio
2
Scheme Type
Active Fund
Value Research

Min. investment
₹5,000
Minimum Additional Investment
₹1,000
Minimum SIP Investment
₹99
Minimum Withdrawal
₹1
Exit Load
1%
Return Since Launch
14.71%

Absolute Return: -3.69%

Annualized Return: 0%

Basic Details

Scheme Manager

Abhijith Vara

Bench Mark

Nifty Financial Services TRI

Type

OPEN

Lumpsum Returns

Period Invested For	₹10,000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	March 10, 2026	9712.90	-2.87%	-	-2.86%	435/995
1 Month	February 17, 2026	9139.02	-8.61%	-	-7.22%	643/986
3 Month	December 17, 2025	9545.50	-4.55%	-	-6.43%	308/960
6 Month	September 17, 2025	10037.02	0.37%	-	-7.33%	79/916
1 Year	March 17, 2025	11725.57	17.26%	17.26%	9.17%	124/860
3 Year	March 17, 2023	16270.24	62.70%	17.60%	18.05%	237/518
5 Year	March 17, 2021	18481.34	84.81%	13.06%	15.09%	271/426
Since Inception	December 11, 2020	20603.00	106.03%	14.71%	8.08%	286/999

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	April 1, 2025	1,20,000	120405.16	0.34%	0.34%
3 Year	April 3, 2023	3,60,000	423054.27	17.52%	5.53%
5 Year	April 1, 2021	6,00,000	830050.78	38.34%	6.71%
10 Year	-	-	-	-	-

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

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Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

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Invested Amount
₹25,000
Estimated Returns
₹19,059

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

3.71%

Standard Deviation

0.98%

Beta

0.86%

Sharpe Ratio

0.08%

Treynor's Ratio

2.69%

Jension's Alpha

Asset Allocation

Sector Allocation

Top 10 stock holding in portfolio

Stock Invested in	% of Total Holdings	Quantity	Value (Cr)	Asset Type	Segment
HDFC Bank	16.50%	4223458	374.94	Equity	Banks
ICICI Bank	13.75%	2265038	312.33	Equity	Banks
SBI	10.43%	1972939	237.09	Equity	Banks
Axis Bank	8.38%	1375563	190.36	Equity	Banks
Kotak Mah. Bank	3.96%	2165010	89.89	Equity	Banks
SBI Life Insuran	3.37%	376253	76.65	Equity	Insurance
Bajaj Finance	3.36%	765490	76.24	Equity	Finance
Karur Vysya Bank	2.86%	1990848	64.94	Equity	Banks
Federal Bank	2.80%	2124016	63.69	Equity	Banks
Aditya Birla Cap	2.57%	1694477	58.37	Equity	Finance

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Nippon India Taiwan Equity Fund - Direct (G)	519.50	15.73%	42.81%	50.48%	127.96%	48.84%
Nippon India Taiwan Equity Fund - Direct (IDCW)	519.50	15.73%	42.81%	50.48%	127.96%	48.84%
HDFC Defence Fund - Direct (G)	8096.66	-1.88%	7.48%	-4.00%	38.75%	-
HDFC Defence Fund - Direct (IDCW)	8096.66	-1.88%	7.48%	-4.00%	38.75%	-
Franklin Asian Equity Fund - Direct (G)	426.90	-3.37%	8.71%	12.31%	32.91%	16.03%

List of Schemes under Mirae Asset Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
Mirae Asset Liquid Fund	Debt	Moderate	6.33%	3	₹12,394.76
Mirae Asset Large & Midcap Fund	Equity	Very High	12.06%	2	₹42,943.10
Mirae Asset Large Cap Fund	Equity	Very High	6.86%	3	₹40,184.41
Mirae Asset Great Consumer Fund	Equity	Very High	3.48%	4	₹4,472.86
Mirae Asset Low Duration Fund	Debt	Moderately Low	7.23%	4	₹2,719.52
Mirae Asset Aggressive Hybrid Fund	Hybrid	Very High	11.33%	3	₹9,530.01
Mirae Asset ELSS Tax Saver Fund	Equity	Very High	10.12%	3	₹26,202.62
Mirae Asset Dynamic Bond Fund	Debt	Moderate	7.45%	5	₹117.29
Mirae Asset Short Duration Fund	Debt	Moderately Low	7.29%	3	₹580.07
Mirae Asset Healthcare Fund	Equity	Very High	11.35%	2	₹2,843.74
Mirae Asset Equity Savings Fund	Hybrid	Moderately High	9.97%	3	₹1,901.43
Mirae Asset Focused Fund	Equity	Very High	-0.27%	2	₹7,032.63
Mirae Asset Midcap Fund	Equity	Very High	17.23%	3	₹18,070.30
Mirae Asset Overnight Fund	Debt	Low	5.54%	4	₹1,530.44
Mirae Asset Arbitrage Fund	Hybrid	Low	6.89%	3	₹3,833.92
Mirae Asset Banking and PSU Fund	Debt	Moderate	6.69%	2	₹43.67
Mirae Asset Diversified Equity Allocator Passive FOF	Other	Very High	8.14%	4	₹987.28
Mirae Asset Ultra Short Duration Fund	Debt	Moderate	6.96%	4	₹1,809.31
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund	Other	Very High	4.95%	0	₹89.04
Mirae Asset Banking&Financial Services Fund	Equity	Very High	18.95%	4	₹2,272.13
Mirae Asset Corporate Bond Fund	Debt	Moderate	7.04%	1	₹47.58
Mirae Asset NYSE FANG+ ETF Fund of Fund	Other	Very High	38.02%	0	₹2,061.21
Mirae Asset Money Market Fund	Debt	Moderately Low	7.04%	4	₹3,769.16
Mirae Asset S&P 500 Top 50 ETF Fund of Fund	Other	Very High	40.61%	0	₹757.84
Mirae Asset Hang Seng TECH ETF Fund of Fund	Other	Very High	-12.24%	0	₹84.54
Mirae Asset Nifty India Manufacturing ETF Fund of	Other	Very High	16.5%	0	₹117.31
Mirae Asset Nifty SDL Jun 2027 Index Fund	Other	Moderate	7.48%	0	₹513.98
Mirae Asset Balanced Advantage Fund	Hybrid	Moderately High	9.98%	4	₹2,053.09
Mirae Asset Global X Artificial Intelligence & Technology ETF FOF	Other	Very High	37.67%	0	₹375.36
Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF	Other	Very High	47.01%	0	₹63.80
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	Other	Moderate	6.9%	0	₹228.44
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund	Other	Moderate	6.93%	0	₹75.76
Mirae Asset Flexi Cap Fund	Equity	Very High	12.73%	0	₹3,655.79
Mirae Asset Nifty SDL June 2028 Index Fund	Other	Moderate	7.8%	0	₹70.80
Mirae Asset Multicap Fund	Equity	Very High	11.17%	0	₹4,747.07
Mirae Asset Multi Asset Allocation Fund	Hybrid	Very High	20.29%	0	₹3,190.84
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF	Other	Very High	-0.48%	0	₹207.44
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF	Other	Very High	8.18%	0	₹238.27
Mirae Asset Nifty200 Alpha 30 ETF FOF	Other	Very High	12.92%	0	₹189.19
Mirae Asset Nifty Total Market Index Fund	Other	Very High	7.23%	0	₹48.17
Mirae Asset Nifty LargeMidcap 250 Index Fund	Other	Very High	9.6%	0	₹35.09
Mirae Asset Nifty 50 Index Fund	Other	Very High	5.68%	0	₹53.00
Mirae Asset Gold ETF Fund of Fund	Other	High	73.72%	0	₹493.33
Mirae Asset Long Duration Fund	Debt	Moderate	1.37%	0	₹25.64
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund	Other	Very High	2.11%	0	₹18.58
Mirae Asset Small Cap Fund	Equity	Very High	14.73%	0	₹3,322.60
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund	Other	Very High	0%	0	₹6.04
Mirae Asset BSE Select IPO ETF Fund of Fund	Other	Very High	0%	0	₹6.80
Mirae Asset Income plus Arbitrage Active FOF	Other	Moderate	0%	0	₹21.31
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund	Other	Moderately Low	0%	0	₹67.63
Mirae Asset Multi Factor Passive FOF	Other	Very High	0%	0	₹21.13
Mirae Asset Gold Silver Passive FoF	Other	Very High	0%	0	₹1,319.44
Mirae Asset Infrastructure Fund	Equity	Very High	0%	0	₹375.06
Mirae Asset BSE India Defence ETF FOF	Other	Very High	0%	0	₹21.59
Mirae Asset Nifty Metal ETF FOF	Other	Very High	0%	0	₹32.02

News

Mirae Asset Mutual Fund announces Appointment of Key Personnel
Mirae Asset Mutual Fund has announced that Mr. Darshan Chavan has been appointed as Chief Information Security Officer with effect from March 09, 2026 ('Effective Date').
Details of Mr. Darshan Chavan
Age: 49 years
Designation: Chief Information Security Officer
Qualification: B.com .
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Mirae Asset Mutual Fund announces IDCW Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mirae Asset Mutual Fund has announced 24 February 2026 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) in the following scheme. The proposed IDCW on the face value of Rs 10 per unit will be:
Mirae Asset Aggressive Hybrid Fund ' Regular Plan ' IDCW Option: Rs 0.10 per unit.
Mirae Asset Aggressive Hybrid Fund ' Direct Plan ' IDCW Option: Rs 0.10 per unit
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Mirae Asset Large Cap Fund announces Income Distribution cum capital withdrawal (IDCW)
Mirae Asset Mutual Fund has announced 13 February 2026 as the record date for declaration of distribution under the IDCW option of Mirae Asset Balanced Advantage Fund. The amount of IDCW (Rs per unit) on the face value of Rs 10 per unit will be:
Regular Plan ' IDCW Option: 1.14
Direct Plan ' IDCW Option: 1.20
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Fund House Details & Investment Objective

Date of Incorporation

November 25, 2020

Total AUM (Cr)

₹2272.13

Mirae Asset Banking&Financial Services Fund (G) is an Sectoral / Thematic-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in November 25, 2020, this fund is managed by Abhijith Vara. With assets under management (AUM) worth ₹2,272.13 (Cr), as of March 18, 2026, Mirae Asset Banking&Financial Services Fund (G) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 14.71% since its launch.
The current NAV of Mirae Asset Banking&Financial Services Fund (G) is ₹20.79, as on March 18, 2026. The fund's benchmark index is Nifty Financial Services TRI. You can invest in Mirae Asset Banking&Financial Services Fund (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹99 while the minimum lumpsum investment is ₹5,000.

Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
The fund has generated 17.60% and 13.06% CAGR in the last 3 and 5 years respectively.

The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 95.06% in Equity, 5.17% in Debt and -0.23% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 63.70% in Banks, 16.76% in Finance, 7.98% in Insurance, 5.54% in Capital Markets, 5.39% in Debt

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