Mirae Asset Banking and Financial Services Fund Direct Growth

Equity
Sectoral
Very High Risk
01234567890123456789.01234567890123456789%
3Y annualised
-1.18% 1D
1M
6M
1Y
3Y
All
NAV: 27 Mar 2025₹20.05
Min. SIP amount₹99
Rating3
Fund size₹1,681.43Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
6 months
1 year
3 years
Total investment of ₹30,000
Would have become ₹30,644 (+2.15%)

Holdings (28)

NameSectorInstrumentAssets
FinancialEquity18.53%
FinancialEquity16.32%
FinancialEquity7.47%
FinancialEquity6.87%
FinancialEquity5.61%
FinancialEquity4.58%
FinancialEquity4.50%
FinancialEquity3.09%
InsuranceEquity2.96%
FinancialEquity2.56%
InsuranceEquity2.36%
FinancialEquity2.34%
FinancialEquity2.30%
FinancialEquity2.26%
FinancialEquity2.06%
FinancialEquity1.71%
InsuranceEquity1.56%
ServicesEquity1.56%
FinancialEquity1.52%
FinancialEquity1.49%
ServicesEquity1.46%
FinancialEquity1.44%
FinancialEquity1.24%
FinancialEquity1.16%
FinancialEquity0.93%
TechnologyEquity0.79%
FinancialEquity0.78%
ServicesEquity0.19%
See All

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹99

Returns and rankings

Category: Equity Sectoral
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA16.4%18.1%17.3%
Category averageNA9.6%16.0%NA
Rank with in categoryNA107NA
Understand terms

Expense ratio, exit load and tax

Expense ratio: 0.62%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within one year.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

Understand terms
Check past data

Fund management

Gaurav Kochar
Nov 2020 - Present
View details

Education
Mr. Kochar is a Chartered Accountant
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Kotak Bank as an Internal Auditor for 3 years, later worked for almost 2.5 years in Ambit Capital as a Research Analyst – Banking.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
Unit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Phone
022-67800301 / 1800-2090-777
Launch Date
30 Nov 2007
E-mail
NA
Mirae Asset Mutual Fund
Asset Management Company
Custodian
Deutsche Bank
Registrar & Transfer Agent
KFin Tech
Address
Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,

Compare funds

Mirae Asset Banking and Financial Services Fund Direct Growth
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MONTHLY SIP
ONE-TIME
SIP Amount
₹
Monthly SIP Date
1st
Next SIP instalment on 27 of Mar
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