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Home>Mutual Funds>Mirae Asset Mutual Fund>Mirae Asset Banking and Financial Services Fund Regular IDCW

Mirae Asset Banking and Financial Services Fund Regular IDCW

Equity
Sectoral / Thematic
Very High Risk
Payout
-6.73%
1M return
+2.31% 1D
1M
6M
1Y
All
NAV: 20 May 2022₹11.13
Min. SIP amountNA
RatingNA
Fund size₹993.03Cr

Returns and rankings

Category: Equity Sectoral / Thematic
Absolute returns
3M6M1YAll
Fund returns-9.8%-14.0%-0.1%11.2%
Category averageNANA56.1%NA
Rank with in category282517NA
Understand terms

Holdings (23)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity20.7%
ICICI Bank Ltd.FinancialEquity17.6%
Axis Bank Ltd.FinancialEquity9.5%
State Bank of IndiaFinancialEquity9.4%
Housing Development Finance Corpn. Ltd.FinancialEquity7.8%
Kotak Mahindra Bank Ltd.FinancialEquity4.6%
The Federal Bank Ltd.FinancialEquity4.1%
SBI Life Insurance Company Ltd.InsuranceEquity3.6%
Bajaj Finserv Ltd.FinancialEquity2.4%
Can Fin Homes Ltd.FinancialEquity2.2%
See All

Expense ratio, exit load and tax

Expense ratio: 2.32%

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 investmentNA
Min. for 2nd investment onwardsNA
Min. for SIPNA

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
26 Apr 2019
Website
NA
Amc Image
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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FAQs

How to Invest in Mirae Asset Banking and Financial Services Fund Regular IDCW?

You can easily invest in Mirae Asset Banking and Financial Services Fund Regular IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for Mirae Asset Banking and Financial Services Fund Regular IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in Mirae Asset Banking and Financial Services Fund Regular IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does Mirae Asset Banking and Financial Services Fund Regular IDCW provide?

The Mirae Asset Banking and Financial Services Fund Regular IDCW has been there from 11 Dec 2020 and the average annual returns provided by this fund is -0.10% since its inception.

How much expense ratio is charged by Mirae Asset Banking and Financial Services Fund Regular IDCW?

The term Expense Ratio used for Mirae Asset Banking and Financial Services Fund Regular IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of Mirae Asset Banking and Financial Services Fund Regular IDCW is 2.32% as of 21 May 2022...

What is the AUM of Mirae Asset Banking and Financial Services Fund Regular IDCW?

The AUM, short for Assets Under Management of Mirae Asset Banking and Financial Services Fund Regular IDCW is ₹993.03Cr as of 21 May 2022.

How to Redeem Mirae Asset Banking and Financial Services Fund Regular IDCW?

If you want to sell your Mirae Asset Banking and Financial Services Fund Regular IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of Mirae Asset Banking and Financial Services Fund Regular IDCW?

You can select either SIP or Lumpsum investment of Mirae Asset Banking and Financial Services Fund Regular IDCW based on your investment objective and risk tolerance.

What is the NAV of Mirae Asset Banking and Financial Services Fund Regular IDCW?

The NAV of Mirae Asset Banking and Financial Services Fund Regular IDCW is ₹11.13 as of 20 May 2022.

What is the PE and PB ratio of Mirae Asset Banking and Financial Services Fund Regular IDCW?

The PE ratio ratio of Mirae Asset Banking and Financial Services Fund Regular IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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