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Mirae Asset Banking and Financial Services Fund Direct Growth
+12.05%
3Y annualised
-0.35% 1D
NAV: 30 Oct '26
₹21.94
Min. for SIP
₹99
Fund size (AUM)
₹2,195.97 Cr
Expense ratio
0.79%
Rating
3
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 6 months | ₹30,000 | ₹29,102 | -2.99% | |
| 1 year | ₹60,000 | ₹57,682 | -3.86% | |
| 3 years | ₹1,80,000 | ₹1,93,529 | +7.52% | |
| 5 years | ₹3,00,000 | ₹3,87,921 | +29.31% |
Holdings (32)
Minimum investments
Min. for 1st investment
₹5,000
Min. for 2nd investment
₹1,000
Min. for SIP
₹99
Returns and rankings
| Name | 1Y | 3Y | 5Y | All |
|---|---|---|---|---|
| Fund returns | -5.4% | +12.1% | +10.6% | +14.3% |
| Category average (Equity Sectoral) | -5.0% | +12.0% | +10.3% | +12.9% |
| Rank (Equity Sectoral) | 18 | 9 | 5 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 1% if redeemed within 1 Month.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Fund management
About Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 30 Nov 2007. Abhijith Vara is the Current Fund Manager of Mirae Asset Banking and Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,27,142 Cr and the Latest NAV as of 30 Oct 2026 is ₹21.94.
The Mirae Asset Banking and Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹99. Minimum Lumpsum Investment is ₹5,000. Exit load of 1% if redeemed within 1 Month.
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Investment Objective
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector.
Fund benchmarkNIFTY Financial Services Total Return Index
Fund house
Rank (total assets)#13 in India
Total AUM₹2,27,142.09 Cr
Date of Incorporation30 Nov 2007
Launch Date30 Nov 2007
AddressUnit No.606 - 6th Floor,Windsor Building - Off. CST Road,Kalina, Santacruz (East), Mumbai 400098
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,