- Mutual Funds
- Mirae Asset Banking&Financial ServicesFund-D(IDCW)
Mirae Asset Banking&Financial ServicesFund-D(IDCW)
Sectoral / Thematic
- NAV 19.72 (1.04%)
- Fund Size (Cr) ₹1822.75
- Expense Ratio 0.57
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹0
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Exit Load
1%
- Return Since Launch 20.28%
Basic Details
Gaurav Kochar
Nifty Financial Services TRI
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
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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Standard Deviation
4.42% -
Beta
0.92% -
Sharpe Ratio
0.77% -
Treynor’s Ratio
0.08% -
Jension’s Alpha
5.24%
Asset Allocation
There is no Asset Allocation data.
Sector Allocation
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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Mirae Asset Banking&Financial ServicesFund-D(IDCW)
- 1822.75
- -0.81%
- 7.86%
- 16.86%
- 21.24%
- 18.07%
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HDFC Defence Fund - Direct (G)
- 3665.95
- -2.97%
- 21.71%
- 50.61%
- 116.41%
- -
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HDFC Defence Fund - Direct (IDCW)
- 3665.95
- -2.97%
- 21.71%
- 50.61%
- 116.41%
- -
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SBI PSU Fund - Direct (G)
- 3694.68
- 4.23%
- 10.06%
- 29.05%
- 88.24%
- 42.28%
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SBI PSU Fund - Direct (IDCW)
- 3694.68
- 4.23%
- 10.05%
- 29.04%
- 88.22%
- 42.27%
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Aditya Birla SL PSU Equity Fund - Direct (G)
- 5121.77
- 3.47%
- 6.86%
- 24.02%
- 87.70%
- 43.19%
News
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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 31 July 2024
Change in Exit Load:
Name of the Scheme Existing exit load Revised exit load Mirae Asset Multi Asset Allocation 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. 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: For all other redemption(s) (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: NILPowered by Capital Market - Live News
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Mirae Asset MF announces change in benchmark index under its schemes
Mirae Asset Mutual Fund has announced change the benchmark for the following schemes, with effect from 31 July 2024. Accordingly, the revised benchmark index will be:
Mirae Asset Multi Asset Allocation Fund
Scheme Name Name of Existing Benchmark Revised Name of Benchmark Mirae Asset Multi Asset Allocation Fund 65% BSE 200 TRI + 20% Nifty Short Duration Debt Index + 10% Domestic Price of Gold + 5% Domestic Price of Silver 65% Nifty 500 TRI + 25% Nifty Short Duration Debt Index + 7.5% Domestic Price of Gold + 2.5% Domestic Price of Silver Powered by Capital Market - Live News
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Mirae Asset MF Announces Income Distribution cum Capital Withdrawal (IDCW) under its scheme
Mirae Asset Mutual Fund has announced 16 July 2024 as the record date for declaration of Income Distribution cum Capital Withdrawal (IDCW) in the following schemes. The Quantum of IDCW on the face value of Rs 10 per unit will be:
Mirae Asset Low Duration Fund ' Regular Plan ' Quarterly IDCW Option: Rs 18.75
Mirae Asset Low Duration Fund ' Direct Plan ' Quarterly IDCW Option: Rs 20.25
Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
25-Nov-2020
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Total AUM (Cr)
₹1822.75
Mirae Asset Banking&Financial ServicesFund-D(IDCW) is an Sectoral / Thematic-oriented fund from the renowned AMC, Mirae Asset Mutual Fund. Launched in Nov 2020, this fund is managed by Gaurav Kochar. With assets under management (AUM) worth ₹1822.75 (Cr), as of 26-Jul-2024, Mirae Asset Banking&Financial ServicesFund-D(IDCW) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 20.28% since its launch.
The current NAV of Mirae Asset Banking&Financial ServicesFund-D(IDCW) is ₹19.72, as on 26-Jul-2024. The fund’s benchmark index is Nifty Financial Services TRI. You can invest in Mirae Asset Banking&Financial ServicesFund-D(IDCW) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
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 18.07% and - 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 98.53% in Equity, 1.26% in Debt and 0.21% in cash and cash equivalents
The top 5 sectors the fund invests in are: 66.51% in Banks, 25.16% in Finance, 6.11% in Insurance, 1.59% in Capital Markets and 0.29% in Debt.
FAQs on Mirae Asset Banking&Financial ServicesFund-D(IDCW)
Mirae Asset Banking&Financial ServicesFund-D(IDCW) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 20.28% since inception. Looking to invest in Mirae Asset Banking&Financial ServicesFund-D(IDCW)? How about earning 1% extra return? All this is possible with m.Stock! Investing in Mirae Asset Banking&Financial ServicesFund-D(IDCW) 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 across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, Mirae Asset Banking&Financial ServicesFund-D(IDCW)
- 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: Enter amount, select payment 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, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in Mirae Asset Banking&Financial ServicesFund-D(IDCW) today and reap the benefits of this Sectoral / Thematic fund!
In the short term, i.e., 1 year, Mirae Asset Banking&Financial ServicesFund-D(IDCW) has generated annualised return of 21.24%. In the long-term, the fund has generated 18.07% and - in 3 and 5 years respectively. Since its inception, the fund has generated 20.28% returns.
The expense ratio of Mirae Asset Banking&Financial ServicesFund-D(IDCW) Direct Growth is 0.57%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of Mirae Asset Banking&Financial ServicesFund-D(IDCW) is ₹1822.75 (Cr) as of 26 July 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of Mirae Asset Banking&Financial ServicesFund-D(IDCW) 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 ServicesFund-D(IDCW):
- 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 ServicesFund-D(IDCW)).
- 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).
Yes, you can invest both lumpsum and SIP in Mirae Asset Banking&Financial ServicesFund-D(IDCW). Minimum lumpsum investment Mirae Asset Banking&Financial ServicesFund-D(IDCW) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of Mirae Asset Banking&Financial ServicesFund-D(IDCW) is ₹19.72 as on 26 July 2024.
The 5 biggest stock holdings of Mirae Asset Banking&Financial ServicesFund-D(IDCW) are:
HDFC Bank (17.96%), ICICI Bank (16.51%), St Bk of India (8.24%), Axis Bank (7.55%), Federal Bank (5.47%)
A majority of Mirae Asset Banking&Financial ServicesFund-D(IDCW) 's AUM worth ₹1822.75 (Cr) is invested in these 3 top sectors:
- Banks: 66.51%
- Finance: 25.16%
- Insurance: 6.11%
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