Mutual Funds
AMC
Mirae Asset Banking&Financial Services Fund-Dir(G)

Mirae Asset Banking&Financial Services Fund-Dir(G)

NAV
23.91(0.26%)
Fund Size (CR)
₹2,130.33
Expense Ratio
0.55
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% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment
1%
Return Since Launch
19.15%

Absolute Return: 11.94%

Annualized Return: 0%

1% of applicable Net Asset Value - If the amount sought to be redeemed or switch out is invested for a period of up to 3 months from the date of allotment Nil - If the amount, sought to be redeemed or switch out is invested for a period of more than 3 months from the date of allotment

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	19 November 2025	10082.43	0.82%	-	0.07%	65/936
1 Month	24 October 2025	10357.39	3.57%	-	0.60%	15/932
3 Month	26 August 2025	11032.43	10.32%	-	4.01%	25/916
6 Month	26 May 2025	11011.03	10.11%	-	6.11%	100/872
1 Year	26 November 2024	11925.50	19.25%	19.25%	5.60%	33/766
3 Year	25 November 2022	16921.60	69.22%	19.13%	19.29%	227/502
5 Year	-	-	-	-	-	-/-
Since Inception	11 December 2020	23851.00	138.51%	19.15%	13.64%	220/940

Note: Lumpsum Returns since Inception Date.

SIP Returns

Period Invested For	₹10,000 Invested on	Investments	Latest Value	Absolute Returns	Annualised Returns
1 Year	2 December 2024	1,20,000	138042.70	15.04%	15.04%
3 Year	1 December 2022	3,60,000	487811.96	35.50%	10.66%
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

Monthly Investment (₹)

Minimum value allowed is 500

Expected Returns Rate (%)

Minimum value allowed is 1

Time Period (in Years)

Minimum value allowed is 1

Start your SIP now

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

76%

Returns

Future value of your investment

₹44,059

Risk Ratios

3.73%

Standard Deviation

0.97%

Beta

0.98%

Sharpe Ratio

0.05%

Treynor's Ratio

4.13%

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	26.16%	5644558	557.29	Equity	Banks
ICICI Bank	15.28%	2419038	325.43	Equity	Banks
SBI	8.68%	1972939	184.86	Equity	Banks
Axis Bank	7.96%	1375563	169.58	Equity	Banks
Bajaj Finance	3.75%	765490	79.83	Equity	Finance
Aditya Birla Cap	2.96%	1944477	63.04	Equity	Finance
SBI Life Insuran	2.95%	321253	62.83	Equity	Insurance
Kotak Mah. Bank	2.92%	296002	62.23	Equity	Banks
Federal Bank	2.36%	2124016	50.26	Equity	Banks
Shriram Finance	2.16%	615265	46.08	Equity	Finance

Peer Comparison

Scheme Name	Asset Size (Cr)	1M	3M	6M	1Y	3Y
Mirae Asset Banking&Financial Services Fund-Dir(G)	2130.33	3.57%	10.32%	10.11%	19.25%	19.13%
Nippon India Taiwan Equity Fund - Direct (G)	421.51	4.87%	14.71%	50.13%	49.53%	37.20%
Nippon India Taiwan Equity Fund - Direct (IDCW)	421.51	4.87%	14.71%	50.13%	49.53%	37.20%
Aditya Birla SL International Equity Fund - Direct (G)	273.51	0.11%	4.32%	17.26%	29.47%	15.62%
Aditya Birla SL International Equity Fund - Direct (IDCW)	273.51	0.11%	4.32%	17.26%	29.47%	15.62%
Quant BFSI Fund - Direct (G)	680.73	2.05%	10.17%	18.84%	25.09%	-

List of Schemes under Mirae Asset Mutual Fund

Fund Name	Category	Risk	1Y Returns	Ratings	Fund Size (Cr)
Mirae Asset Multicap Fund	Equity	Very High	10.03%	0	₹4,388.81
Mirae Asset Large Cap Fund	Equity	Very High	9.12%	3	₹41,087.55
Mirae Asset Large & Midcap Fund	Equity	Very High	9.05%	2	₹42,980.74
Mirae Asset Midcap Fund	Equity	Very High	10.86%	3	₹18,112.14
Mirae Asset Small Cap Fund	Equity	Very High	0%	0	₹2,729.09
Mirae Asset Focused Fund	Equity	Very High	3.32%	2	₹7,979.98
Mirae Asset Great Consumer Fund	Equity	Very High	5.68%	4	₹4,769.48
Mirae Asset Healthcare Fund	Equity	Very High	4.82%	2	₹2,821.22
Mirae Asset Banking&Financial Services Fund	Equity	Very High	19.12%	4	₹2,130.33
Mirae Asset Infrastructure Fund	Equity	Very High	0%	0	₹0.00
Mirae Asset ELSS Tax Saver Fund	Equity	Very High	9.53%	3	₹27,069.09
Mirae Asset Overnight Fund	Debt	Low	5.96%	4	₹1,627.02
Mirae Asset Liquid Fund	Debt	Moderate	6.71%	3	₹14,604.15
Mirae Asset Ultra Short Duration Fund	Debt	Moderate	7.57%	4	₹2,117.43
Mirae Asset Low Duration Fund	Debt	Moderately Low	8.03%	4	₹2,793.47
Mirae Asset Money Market Fund	Debt	Moderately Low	7.73%	4	₹3,404.47
Mirae Asset Short Duration Fund	Debt	Moderately Low	8.92%	3	₹713.09
Mirae Asset Long Duration Fund	Debt	Moderate	0%	0	₹30.02
Mirae Asset Dynamic Bond Fund	Debt	Moderate	8.19%	5	₹117.23
Mirae Asset Corporate Bond Fund	Debt	Moderate	8.59%	1	₹45.96
Mirae Asset Banking and PSU Fund	Debt	Moderate	8.25%	2	₹45.54
Mirae Asset Aggressive Hybrid Fund	Hybrid	Very High	9.11%	3	₹9,424.67
Mirae Asset Balanced Advantage Fund	Hybrid	Moderately High	9.32%	4	₹1,980.91
Mirae Asset Multi Asset Allocation Fund	Hybrid	Very High	16.9%	0	₹2,514.99
Mirae Asset Arbitrage Fund	Hybrid	Low	6.97%	3	₹3,422.28
Mirae Asset Equity Savings Fund	Hybrid	Moderately High	9.39%	3	₹1,732.38
Mirae Asset Nifty SDL Jun 2027 Index Fund	Other	Moderate	8.04%	0	₹557.13
Mirae Asset CRISIL IBX Gilt Index - April 2033 Index Fund	Other	Moderate	8.79%	0	₹228.37
Mirae Asset Nifty AAA PSU Bond Plus SDL Apr 2026 50:50 Index Fund	Other	Moderate	7.4%	0	₹81.91
Mirae Asset Nifty SDL June 2028 Index Fund	Other	Moderate	8.62%	0	₹75.71
Mirae Asset Nifty Total Market Index Fund	Other	Very High	5.82%	0	₹47.23
Mirae Asset Nifty LargeMidcap 250 Index Fund	Other	Very High	7.67%	0	₹29.29
Mirae Asset Nifty 50 Index Fund	Other	Very High	9.01%	0	₹37.93
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund	Other	Moderately Low	0%	0	₹142.08
Mirae Asset CRISIL-IBX Financial Services 3-6 Months Debt Index Fund	Other	Moderately Low	0%	0	₹0.00
Mirae Asset Global X Artificial Intelligence & Technology ETF FOF	Other	Very High	34.95%	0	₹406.86
Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF	Other	Very High	35.46%	0	₹60.00
Mirae Asset Diversified Equity Allocator Passive FOF	Other	Very High	7.01%	4	₹941.13
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund	Other	Very High	8.44%	0	₹98.34
Mirae Asset NYSE FANG+ ETF Fund of Fund	Other	Very High	55.94%	0	₹2,463.40
Mirae Asset S&P 500 Top 50 ETF Fund of Fund	Other	Very High	37.75%	0	₹780.76
Mirae Asset Hang Seng TECH ETF Fund of Fund	Other	Very High	40.2%	0	₹99.81
Mirae Asset Nifty India Manufacturing ETF Fund of	Other	Very High	8.7%	0	₹114.14
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF FoF	Other	Very High	-11.5%	0	₹217.80
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF	Other	Very High	-4.2%	0	₹245.13
Mirae Asset Nifty200 Alpha 30 ETF FOF	Other	Very High	-2%	0	₹210.09
Mirae Asset Gold ETF Fund of Fund	Other	High	62.31%	0	₹211.19
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund	Other	Very High	0%	0	₹18.44
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund	Other	Very High	0%	0	₹5.63
Mirae Asset BSE Select IPO ETF Fund of Fund	Other	Very High	0%	0	₹7.71
Mirae Asset Income plus Arbitrage Active FOF	Other	Moderate	0%	0	₹19.85
Mirae Asset Multi Factor Passive FOF	Other	Very High	0%	0	₹18.49
Mirae Asset Gold Silver Passive FoF	Other	Very High	0%	0	₹472.28
Mirae Asset Flexi Cap Fund	Equity	Very High	10.27%	0	₹3,303.69

News

Mirae Asset Mutual Fund announces IDCW Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mirae Asset Mutual Fund has announced 27 November 2025 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 Mutual Fund announces IDCW Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mirae Asset Mutual Fund has announced 28 October 2025 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
Powered by Capital Market - Live News

Mirae Asset Mutual Fund announces IDCW Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mirae Asset Mutual Fund has announced 26 September 2025 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
Powered by Capital Market - Live News

Fund House Details & Investment Objective

Date of Incorporation

25 November 2020

Total AUM (Cr)

₹2130.33

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 Abhijith Vara. With assets under management (AUM) worth ₹2,130.33 (Cr), as of 27 November 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 19.15% since its launch.
The current NAV of Mirae Asset Banking&Financial Services Fund-Dir(G) is ₹23.91, as on 27 November 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:
The fund has generated 19.13% 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 97.75% in Equity, 2.38% in Debt and -0.14% in cash and cash equivalents.
The top 5 sectors the fund invests in are: 72.40% in Banks, 17.55% in Finance, 6.19% in Insurance, 2.93% in Capital Markets, 1.06% in Debt