NAV
21.95(0.85%)Fund Size (CR)
₹1,998.29Expense Ratio
0.6Scheme Type
Active FundValue Research
Min. investment
₹5,000Minimum Additional Investment
₹1,000Minimum SIP Investment
₹99Minimum Withdrawal
₹1Exit Load
1%Return Since Launch
18.83%
- 3M
- 6M
- 1Y
- 3Y
- All
Basic Details
Scheme Manager
Harshad Borawake
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 | 6 June 2025 | 9852.87 | -1.47% | - | -0.72% | 707/872 |
| 1 Month | 13 May 2025 | 10253.46 | 2.53% | - | 3.35% | 588/868 |
| 3 Month | 13 March 2025 | 11691.02 | 16.91% | - | 13.65% | 145/856 |
| 6 Month | 13 December 2024 | 10575.83 | 5.76% | - | -2.81% | 38/790 |
| 1 Year | 13 June 2024 | 11474.67 | 14.75% | 14.75% | 5.00% | 110/677 |
| 3 Year | 13 June 2022 | 19468.65 | 94.69% | 24.84% | 23.52% | 177/480 |
| 5 Year | - | - | 0% | - | 25.46% | -/- |
| Since Inception | 11 December 2020 | 21764.00 | 117.64% | 18.83% | 13.74% | 241/872 |
Note: Lumpsum Returns since Inception Date.
SIP Returns
| Period Invested For | ₹10,000 Invested on | Investments | Latest Value | Absolute Returns | Annualised Returns |
|---|---|---|---|---|---|
| 1 Year | 1 July 2024 | 1,20,000 | 132056.21 | 10.05% | 10.05% |
| 3 Year | 1 July 2022 | 3,60,000 | 484915.26 | 34.70% | 10.44% |
| 5 Year | - | - | - | - | - |
| 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
- Investment type
- Scheme based
- SIP
- Lumpsum
Invested Amount
₹25,000
Estimated Returns
₹19,059
76%
Returns
Future value of your investment
₹44,059
Risk Ratios
4.33%
Standard Deviation
0.96%
Beta
1.01%
Sharpe Ratio
0.05%
Treynor's Ratio
3.95%
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 | 24.98% | 2566279 | 499.12 | Equity | Banks |
| ICICI Bank | 17.25% | 2384038 | 344.68 | Equity | Banks |
| Axis Bank | 8.21% | 1375563 | 163.99 | Equity | Banks |
| St Bk of India | 7.92% | 1947939 | 158.23 | Equity | Banks |
| Bajaj Finance | 3.87% | 84299 | 77.39 | Equity | Finance |
| SBI Life Insuran | 2.88% | 317955 | 57.62 | Equity | Insurance |
| DCB Bank | 2.54% | 3447161 | 50.67 | Equity | Banks |
| Kotak Mah. Bank | 2.11% | 203002 | 42.12 | Equity | Banks |
| Aditya Birla Cap | 2.06% | 1849477 | 41.15 | Equity | Finance |
| Shriram Finance | 1.91% | 597265 | 38.19 | Equity | Finance |
Peer Comparison
| Scheme Name | Value Research | Asset Size (Cr) | 1M | 3M | 6M | 1Y | 3Y |
|---|---|---|---|---|---|---|---|
| Mirae Asset Banking&Financial Services Fund-Dir(G) | 1998.29 | 2.53% | 16.91% | 5.76% | 14.75% | 24.84% | |
| WhiteOak Capital Pharma and Healthcare Fund-Dir (G) | 331.66 | 5.01% | 11.18% | 1.70% | 28.72% | - | |
| HDFC Pharma and Healthcare Fund - Direct (G) | 1704.87 | 4.38% | 10.37% | 2.51% | 28.20% | - | |
| HDFC Pharma and Healthcare Fund - Direct (IDCW) | 1704.87 | 4.38% | 10.37% | 2.51% | 28.20% | - | |
| DSP Banking & Financial Services Fund - Dir (G) | 1290.21 | 3.25% | 15.87% | 8.09% | 24.19% | - | |
| DSP Banking & Financial Services Fund - Dir (IDCW) | 1290.21 | 3.24% | 7.02% | 7.54% | 23.56% | - |
List of Schemes under Mirae Asset Mutual Fund
News
Mirae Asset Mutual Fund announces change in fund manager under its schemes
Mirae Asset Mutual Fund has announced change in fund manager under the following scheme, With effect from 16 June 2025Change in Fund Manager:
Name of the Scheme(s) Existing Fund Manager(s) Proposed Fund Manager(s) Mirae Asset Great Consumer Fund Mr. Ankit Jain &
Mr. Siddhant ChhabriaMr. Siddhant Chhabria Mirae Asset Banking & Financial Services Fund Mr. Gaurav Kochar Mr. Harshad Borawake Powered by Capital Market - Live News
Mirae Asset Mutual Fund announces change in fund manager under its scheme
Mirae Asset Mutual Fund has announced change in fund manager under the following scheme, with effect from 05 June 2025.Change in Fund Manager:
Name of the Scheme(s) Existing Fund Manager(s) Proposed Fund Manager(s) Mirae Asset Multi Asset Allocation Fund Mr. Harshad Borawake (for equity portion),
Mr. Siddharth Srivastava (for overseas portion),
Mr. Ritesh Patel (for commodity portion),
Mr. Basant Bafna (for debt portion)Mr. Harshad Borawake (for equity portion),
Mr. Siddharth Srivastava (for overseas portion),
Mr. Ritesh Patel (for commodity portion),
Mr. Mahendra Kumar Jajoo (for debt portion)Powered by Capital Market - Live News
Mirae Asset Mutual Fund announces change in Key Personnel
Mirae Asset Mutual Fund has announced that Mr. Vijay Rao has been appointed as a Head - Information Technology on the Board of the Trustee Company with effect from May 20, 2025.Details of Mr. Vijay Rao
Age: 42
Designation: Head - Information Technology
Qualification : B.E. (Bachelor of Engineering) - Mechanical, PGDBM (Post Graduate in Business Management) - Systems/IT /
Experience : 19 years & 8 months
Powered by Capital Market - Live News
Fund House Details & Investment Objective
Date of Incorporation
25 November 2020
Total AUM (Cr)
₹1998.29
Mirae Asset Banking&Financial Services Fund-Dir(G) is an Sectoral / Thematic-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in 25 November 2020, this fund is managed by Harshad Borawake. With assets under management (AUM) worth ₹1,998.29 (Cr), as of 16 June 2025, Mirae Asset Banking&Financial Services Fund-Dir(G) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 18.83% since its launch.
The current NAV of Mirae Asset Banking&Financial Services Fund-Dir(G) is ₹21.95, as on 16 June 2025. The fund's benchmark index is Nifty Financial Services TRI. You can invest in Mirae Asset Banking&Financial Services Fund-Dir(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:
1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days). The fund has generated 24.84% and undefined% 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 99.20% in Equity, 0.88% in Debt and -0.08% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 62.50% in Banks, 23.02% in Finance, 8.32% in Insurance, 4.85% in Capital Markets, 0.77% in Debt
FAQs
How to Invest in Mirae Asset Banking&Financial Services Fund-Dir(G) Direct Growth?
Mirae Asset Banking&Financial Services Fund-Dir(G) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 18.83% since inception. Looking to invest in Mirae Asset Banking&Financial Services Fund-Dir(G) How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Banking&Financial Services Fund-Dir(G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage on Mutual Funds, Delivery & IPO.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Mirae Asset Banking&Financial Services Fund-Dir(G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Use the Lumpsum Calculator to estimate returns, then enter the investment amount, select the payment mode mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route: Utilize the SIP Calculator to forecast potential growth, then enter the SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Mirae Asset Banking&Financial Services Fund-Dir(G) today and reap the benefits of this Sectoral / Thematic fund!
How much returns has Mirae Asset Banking&Financial Services Fund-Dir(G) Direct Growth generated?
What is the expense ratio of Mirae Asset Banking&Financial Services Fund-Dir(G) Direct Growth?
What is the AUM of Mirae Asset Banking&Financial Services Fund-Dir(G) Fund Direct Growth?
How to redeem or withdraw money from Mirae Asset Banking&Financial Services Fund-Dir(G) Direct Growth?
Redeeming or selling units of Mirae Asset Banking&Financial Services Fund-Dir(G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from Mirae Asset Banking&Financial Services Fund-Dir(G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case Mirae Asset Banking&Financial Services Fund-Dir(G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).