Mirae Asset Banking and Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
16.10%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
All
NAV: 26 Feb 2024₹17.60
Min. SIP amount₹500
Rating4
Fund size₹1,598.56Cr

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 / Thematic
Annualised returns
Absolute returns
6M1Y3YAll
Fund returnsNA32.3%16.1%19.3%
Category averageNA27.9%14.4%NA
Rank with in categoryNA74NA
Understand terms

Holdings (27)

NameSectorInstrumentAssets
FinancialEquity18.70%
FinancialEquity17.60%
FinancialEquity9.88%
FinancialEquity7.91%
FinancialEquity5.23%
FinancialEquity3.49%
FinancialEquity3.25%
FinancialEquity3.16%
InsuranceEquity2.94%
FinancialEquity2.70%
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

Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

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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