Mirae Asset Banking and Financial Services Fund Direct Growth

Equity
Sectoral
Very High Risk
17.08%
3Y annualised
+0.08% 1D
1M
6M
1Y
3Y
All
NAV: 11 Dec 2024₹20.64
Min. SIP amount₹99
Rating3
Fund size₹1,882.18Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA19.9%17.1%19.8%
Category averageNA16.7%15.8%NA
Rank with in categoryNA107NA
Understand terms

Holdings (30)

NameSectorInstrumentAssets
FinancialEquity16.93%
FinancialEquity16.87%
FinancialEquity8.31%
FinancialEquity6.83%
FinancialEquity5.88%
FinancialEquity3.94%
FinancialEquity3.90%
FinancialEquity2.57%
FinancialEquity2.52%
InsuranceEquity2.42%
FinancialEquity2.42%
FinancialEquity2.27%
InsuranceEquity2.16%
FinancialEquity2.06%
FinancialEquity1.96%
FinancialEquity1.89%
ServicesEquity1.85%
FinancialEquity1.75%
ServicesEquity1.74%
FinancialEquity1.73%
FinancialEquity1.63%
InsuranceEquity1.54%
FinancialEquity1.25%
FinancialEquity1.23%
FinancialEquity1.00%
FinancialEquity0.98%
FinancialEquity0.84%
FinancialEquity0.52%
FinancialEquity0.42%
ServicesEquity0.12%
See All

Expense ratio, exit load and tax

Expense ratio: 0.60%

Inclusive of GST

Exit load

Exit load of 1% if redeemed within one year.

Stamp duty

0.005% (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%.

Understand terms
Check past data

Minimum investment amounts

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

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,

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