Mirae Asset Banking&Financial Services Fund (IDCW)

Sectoral / Thematic

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NAV
21.37(-0.78%)
Fund Size (CR)
₹2,304.89
Expense Ratio
2.13
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
14.64%

Absolute Return: -0.64%

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	July 15, 2026	9848.64	-1.51%	-	-0.47%	849/1007
1 Month	June 22, 2026	10027.94	0.28%	-	0.47%	551/1007
3 Month	April 22, 2026	10014.41	0.14%	-	3.74%	764/1007
6 Month	January 22, 2026	9907.54	-0.92%	-	6.57%	806/964
1 Year	July 22, 2025	10294.93	2.95%	2.95%	5.18%	453/898
3 Year	July 21, 2023	13976.90	39.77%	11.78%	15.67%	379/544
5 Year	July 22, 2021	18466.09	84.66%	13.04%	14.05%	245/442
Since Inception	December 11, 2020	21537.00	115.37%	14.64%	11.78%	376/1007

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	August 1, 2025	1,20,000	122237.80	1.86%	1.86%
3 Year	August 1, 2023	3,60,000	414499.44	15.14%	4.81%
5 Year	August 2, 2021	6,00,000	818543.59	36.42%	6.41%
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%.

Mutual Funds Calculator

Risk Ratios

4.58%

Standard Deviation

0.96%

Beta

0.53%

Sharpe Ratio

-0.00%

Treynor's Ratio

2.61%

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	15.49%	4473458	356.96	Equity	Banks
ICICI Bank	13.51%	2265038	311.49	Equity	Banks
SBI	8.79%	1972939	202.60	Equity	Banks
Axis Bank	8.32%	1425563	191.84	Equity	Banks
Kotak Mah. Bank	4.71%	2765010	108.46	Equity	Banks
Bajaj Finance	3.34%	765490	76.91	Equity	Finance
Aditya Birla Cap	3.09%	1814477	71.12	Equity	Finance
Federal Bank	3.04%	2124016	70.10	Equity	Banks
SBI Life Insuran	3.04%	396253	69.97	Equity	Insurance
L&T Finance Ltd	3.01%	2229882	69.29	Equity	Finance

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Nippon India Taiwan Equity Fund - Direct (G)	1191.72	-14.62%	1.14%	74.28%	154.31%	53.82%
Nippon India Taiwan Equity Fund - Direct (IDCW)	1191.72	-14.62%	1.14%	74.28%	154.31%	53.82%
Franklin Asian Equity Fund - Direct (G)	979.21	-5.66%	9.38%	17.28%	40.88%	20.38%
Franklin Asian Equity Fund - Direct (IDCW)	979.21	-5.66%	9.38%	17.28%	40.87%	20.37%
Nippon India Japan Equity Fund - Direct (G)	332.11	0.68%	7.88%	17.61%	39.05%	20.46%

List of Schemes under Mirae Asset Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
Mirae Asset Liquid Fund	Debt	Moderate	6.29%	3	₹11,717.52
Mirae Asset Large & Midcap Fund	Equity	Very High	3.72%	2	₹44,048.03
Mirae Asset Large Cap Fund	Equity	Very High	-0.98%	3	₹38,379.27
Mirae Asset Great Consumer Fund	Equity	Very High	-0.65%	4	₹4,550.04
Mirae Asset Low Duration Fund	Debt	Moderately Low	6.29%	4	₹2,039.37
Mirae Asset Aggressive Hybrid Fund	Hybrid	Very High	3.39%	3	₹9,426.19
Mirae Asset ELSS Tax Saver Fund	Equity	Very High	1.86%	3	₹26,049.15
Mirae Asset Dynamic Bond Fund	Debt	Moderate	5.5%	5	₹117.38
Mirae Asset Short Duration Fund	Debt	Moderately Low	5.23%	3	₹541.09
Mirae Asset Healthcare Fund	Equity	Very High	15.12%	2	₹3,252.55
Mirae Asset Equity Savings Fund	Hybrid	Moderately High	4.86%	3	₹1,983.36
Mirae Asset Focused Fund	Equity	Very High	-6.22%	2	₹6,575.73
Mirae Asset Midcap Fund	Equity	Very High	9.29%	3	₹19,542.56
Mirae Asset Overnight Fund	Debt	Low	5.35%	4	₹2,454.37
Mirae Asset Arbitrage Fund	Hybrid	Low	6.7%	3	₹3,737.48
Mirae Asset Banking and PSU Fund	Debt	Moderate	4.54%	2	₹40.07
Mirae Asset Diversified Equity Allocator Passive FOF	Other	Very High	0.12%	4	₹987.95
Mirae Asset Ultra Short Duration Fund	Debt	Moderate	6.54%	4	₹1,812.00
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund	Other	Very High	-3.03%	0	₹82.98
Mirae Asset Banking&Financial Services Fund	Equity	Very High	4.45%	4	₹2,304.89
Mirae Asset Corporate Bond Fund	Debt	Moderate	4.88%	1	₹44.47
Mirae Asset NYSE FANG+ ETF Fund of Fund	Other	Very High	28.69%	0	₹2,388.46
Mirae Asset Money Market Fund	Debt	Moderately Low	6.19%	4	₹3,678.29
Mirae Asset S&P 500 Top 50 ETF Fund of Fund	Other	Very High	32.79%	0	₹799.09
Mirae Asset Hang Seng TECH ETF Fund of Fund	Other	Very High	-1.89%	0	₹72.63
Mirae Asset Nifty India Manufacturing ETF Fund of	Other	Very High	11.67%	0	₹121.91
Mirae Asset Nifty SDL Jun 2027 Index Fund	Other	Moderate	5.87%	0	₹474.47
Mirae Asset Balanced Advantage Fund	Hybrid	Moderately High	4.14%	4	₹2,128.89
Mirae Asset Global X Artificial Intelligence & Technology ETF FOF	Other	Very High	51.9%	0	₹492.63
Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF	Other	Very High	55.49%	0	₹72.58
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	Other	Moderate	4.28%	0	₹210.66
Mirae Asset Flexi Cap Fund	Equity	Very High	2.76%	0	₹4,262.03
Mirae Asset Nifty SDL June 2028 Index Fund	Other	Moderate	4.98%	0	₹79.95
Mirae Asset Multicap Fund	Equity	Very High	2.92%	0	₹5,278.04
Mirae Asset Multi Asset Allocation Fund	Hybrid	Very High	11.29%	0	₹3,478.14
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF	Other	Very High	-1.97%	0	₹238.75
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF	Other	Very High	0.15%	0	₹276.72
Mirae Asset Nifty200 Alpha 30 ETF FOF	Other	Very High	1.22%	0	₹196.66
Mirae Asset Nifty Total Market Index Fund	Other	Very High	-0.02%	0	₹51.15
Mirae Asset Nifty LargeMidcap 250 Index Fund	Other	Very High	1.65%	0	₹35.79
Mirae Asset Nifty 50 Index Fund	Other	Very High	-3.38%	0	₹72.27
Mirae Asset Gold ETF Fund of Fund	Other	High	43.74%	0	₹519.07
Mirae Asset Long Duration Fund	Debt	Moderate	0.63%	0	₹22.17
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund	Other	Very High	-1.19%	0	₹20.07
Mirae Asset Small Cap Fund	Equity	Very High	6.05%	0	₹4,842.22
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund	Other	Very High	4.5%	0	₹7.04
Mirae Asset BSE Select IPO ETF Fund of Fund	Other	Very High	-7.88%	0	₹7.98
Mirae Asset Income plus Arbitrage Active FOF	Other	Moderate	5.66%	0	₹22.54
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund	Other	Moderately Low	6.09%	0	₹132.87
Mirae Asset Multi Factor Passive FOF	Other	Very High	0%	0	₹26.34
Mirae Asset Gold Silver Passive FoF	Other	Very High	0%	0	₹1,288.02
Mirae Asset Infrastructure Fund	Equity	Very High	0%	0	₹446.61
Mirae Asset BSE India Defence ETF FOF	Other	Very High	0%	0	₹87.79
Mirae Asset Nifty Metal ETF FOF	Other	Very High	0%	0	₹97.02
Mirae Asset Silver ETF FOF	Other	Very High	0%	0	₹24.08

News

Mirae Asset Mutual Fund announces IDCW Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mirae Asset Mutual Fund has announced 23 July 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 launches NFOs for BSE Midcap 150 Momentum 30 ETF, FOF
Mirae Asset Investment Managers (India) has launched the New Fund Offers (NFOs) for the Mirae Asset BSE Midcap 150 Momentum 30 ETF and the Mirae Asset BSE Midcap 150 Momentum 30 ETF Fund of Fund (FOF).
The ETF will replicate the BSE Midcap 150 Momentum 30 Total Return Index (TRI) by investing in its constituent stocks, while the FOF will invest predominantly in units of the ETF.
The NFO for the ETF will remain open for subscription from 6 July 2026 to 13 July 2026, while the FOF NFO will close on 20 July 2026. The ETF and FOF will reopen for continuous sale and repurchase on 17 July 2026 and 24 July 2026, respectively.
The underlying index follows a rules-based methodology to select 30 midcap stocks from the BSE Midcap 150 Index based on their 12-month risk-adjusted momentum score. It also applies liquidity filters, caps the weight of each stock at 5%, and is reviewed quarterly.
According to the fund house, the BSE Midcap 150 Momentum 30 Index has delivered annualised returns of 27.70% over 15 years, 28.62% over 10 years, 30.46% over five years, 33.87% over three years, and 13.07% over one year. Over the same periods, the BSE Midcap 150 TRI returned 16.49%, 18.03%, 18.31%, 21.21%, and 5.79%, respectively.
Mirae Asset said the momentum strategy aims to capture stocks exhibiting strong price trends, although it may experience higher volatility and drawdowns during market reversals. The fund house added that the scheme is suitable for investors with a higher risk appetite.
The minimum investment during the NFO period is Rs 5,000, with subsequent investments in multiples of Re 1. Both schemes will be benchmarked against the BSE Midcap 150 Momentum 30 TRI and will be managed by Ekta Gala and Vishal Singh.
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Mirae Asset Mutual Fund announces change in Exit Load Structure

Mirae Asset Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from July 09, 2026.

Change in Exit Load:

Name of the Scheme	Existing Exit Load	Revised Exit Load
Mirae Asset Banking & Financial Services Fund	If redeemed within 1 year (365 days) from the date of allotment: 1% If redeemed after 1 year (365 days) from the date of allotment: NIL	If redeemed within 1 month (30 days) from the date of allotment: 1% If redeemed after 1 month (30 days) from the date of allotment: NIL
' Mirae Asset Great Consumer Fund ' Mirae Asset Healthcare Fund ' Mirae Asset Infrastructure Fund	I. For investors who have opted for SWP under the plan: a) 15% of the units allotted (including Switch in/ STP - in) on or before completion of 365 days from the date of allotment of units: Nil. b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load: (Redemption of units would be done on First in First Out Basis (FIFO): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: NIL II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: Nil	If redeemed within 1 month (30 days) from the date of allotment: 1% If redeemed after 1 month (30 days) from the date of allotment: NIL

Name of the Scheme

Existing Exit Load

Revised Exit Load

Mirae Asset Banking & Financial Services Fund

If redeemed within 1 year (365 days) from the date of allotment: 1%

If redeemed after 1 year (365 days) from the date of allotment: NIL

If redeemed within 1 month (30 days) from the date of allotment:

1% If redeemed after 1 month (30 days) from the date of allotment: NIL

' Mirae Asset Great Consumer Fund

' Mirae Asset Healthcare Fund

' Mirae Asset Infrastructure Fund

I. For investors who have opted for SWP under the plan:

a) 15% of the units allotted (including Switch in/ STP - in) on or before completion of 365 days from the date of allotment of units: Nil.

b) Any redemption in excess of such limits in the first 365 days from the date of allotment shall be subject to the following exit load:

(Redemption of units would be done on First in First Out Basis (FIFO):

-If redeemed within 1 year (365 days) from the date of allotment:

1% -If redeemed after 1 year (365 days) from the date of allotment: NIL

II. Other Redemptions: For Investors who have not opted for SWP under the plan (including Switch out, STP out): -If redeemed within 1 year (365 days) from the date of allotment: 1% -If redeemed after 1 year (365 days) from the date of allotment: Nil

If redeemed within 1 month (30 days) from the date of allotment:

1% If redeemed after 1 month (30 days) from the date of allotment: NIL

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Fund House Details & Investment Objective

Date of Incorporation

November 25, 2020

Total AUM (Cr)

₹2304.89

Mirae Asset Banking&Financial Services Fund (IDCW) 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 ₹2,304.89 (Cr), as of July 23, 2026, Mirae Asset Banking&Financial Services Fund (IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 14.64% since its launch.
The current NAV of Mirae Asset Banking&Financial Services Fund (IDCW) is ₹21.37, as on July 23, 2026. The fund's benchmark index is Nifty Financial Services TRI. You can invest in Mirae Asset Banking&Financial Services Fund (IDCW) 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 11.78% and 13.04% 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 97.51% in Equity, 2.32% in Debt and 0.17% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 61.74% in Banks, 16.30% in Finance, 8.46% in Insurance, 6.91% in Capital Markets, 4.48% in Debt

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