Fund Overview of Mirae Asset Banking And Financial Services Fund Direct-idcw
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₹2,042.5 CrAUM
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₹21.97NAV
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0.60%Expense Ratio
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EquityFund Category
Returns of Mirae Asset Banking And Financial Services Fund Direct-idcw
| Tenure | Absolute(%) | Annualised(%) | Category Average(%) |
|---|---|---|---|
| 3 Months | 0.39% | NA | 2.31% |
| 6 Months | 18.37% | NA | 15.50% |
| 1 Year | 8.86% | 8.86% | 10.43% |
| 2 Year | NA | 15.29% | 18.38% |
| 3 Years | 63.09% | 17.71% | 17.78% |
Asset Allocation
equities
98.02%other assets or cash equivalents
1.98%Mirae Asset Banking And Financial Services Fund Direct-idcw is one Equity mutual fund offered by Mirae Asset Mutual Fund. Launched on 11 Dec 2020, the fund aims To generate long term capital appreciation. Investment predominatly in equity and equity related securities of companies in banking and financial services sector in India. It manages assets worth ₹2,042.5 crore as on Thu Jul 31, 2025. The expense ratio stands at 0.6%. Fund Manager Manager EducationAbout Mirae Asset Banking And Financial Services Fund Direct-idcw
The portfolio allocation consists of 98.02% in equities, 1.98% in other assets or cash equivalents. Managed by Harshad Borawake, it has delivered a return of 8.86% in the last year, a total return since inception of 18.03%.
Key Metrics of Mirae Asset Banking And Financial Services Fund Direct-idcw
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Standard Deviation13.44%
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Sharpe Ratio0.77%
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Alpha5.81%
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Beta0.94%
Fund Details
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Fund NamesMirae Asset Banking And Financial Services Fund Direct-idcw
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Inception Date11 Dec 2020
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Lock InNo Lock-in
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SIP Minimum Investment amount₹ 99
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SWP Minimum Investment amount₹ 1000
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STP Minimum Investment amount₹ 1000
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RiskPrincipal at very high risk
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Category Average Annual Returns10.43
More funds from Mirae Asset Mutual Fund
| Fund Names | AUM (Cr) | 1M | 3M | 6M | 1Yr | 3Yr |
|---|---|---|---|---|---|---|
Mirae Asset Banking And Financial Services Fund Regular - Growth
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₹2,042 | 1.99% | -4.05% | 7.91% | 4.50% | 17.67% |
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Mirae Asset Banking And Financial Services Fund Direct - Growth
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₹2,042 | 2.12% | -3.70% | 8.69% | 6.02% | 19.42% |
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Mirae Asset Banking And Financial Services Fund Regular-idcw
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₹2,042 | 1.99% | -4.05% | 7.91% | 4.50% | 17.67% |
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Mirae Asset Nifty Financial Services Etf - Growth
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₹431 | 1.76% | -3.95% | 4.63% | 7.22% | 15.09% |
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Mirae Asset Nifty Bank Etf - Growth
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₹257 | 1.81% | -4.38% | 6.74% | 3.84% | - |
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Mirae Asset Nifty Psu Bank Etf-growth
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₹42 | 11.39% | 4.50% | 20.75% | - | - |
growth is based on 1-month returns of the fundsMutual Fund Calculator
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Tax Information
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not included. If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 20%. Any cess/surcharge is not included in the 20%.
Top Mutual Funds
| Fund Names | AUM (Cr) | NAV | 3Yr | 5Yr | 10Yr |
|---|---|---|---|---|---|
| Mirae Asset Nifty Financial Services Etf - Growth |
₹431 | ₹27.26 | 15.09% | - | - |
Detailed Portfolio
| Stocks | Sector | % of Holding | Value |
|---|---|---|---|
| Hdfc Bank Ltd | Financial | 26.70% | ₹545.37 Cr |
| Icici Bank Ltd | Financial | 17.29% | ₹353.17 Cr |
| State Bank Of India | Financial | 7.60% | ₹155.16 Cr |
| Axis Bank Ltd | Financial | 7.20% | ₹146.97 Cr |
| Bajaj Finance Ltd | Financial | 2.93% | ₹59.74 Cr |
| Sbi Life Insurance Company Ltd | Financial | 2.87% | ₹58.69 Cr |
| Kotak Mahindra Bank Ltd | Financial | 2.87% | ₹58.57 Cr |
| Aditya Birla Capital Ltd | Financial | 2.44% | ₹49.91 Cr |
| Dcb Bank Ltd | Financial | 2.27% | ₹46.39 Cr |
| Karur Vysya Bank Ltd | Financial | 1.92% | ₹39.31 Cr |
| Dhfl Vysya Housing Finance Limited Eq | Financial | 1.88% | ₹38.46 Cr |
| Hdb Financial Services Limited Eq | Financial | 1.86% | ₹37.93 Cr |
| Repo | Unspecified | 1.82% | ₹37.20 Cr |
| L&t Finance Holdings Ltd | Financial | 1.71% | ₹34.85 Cr |
| Shriram Transport Finance Company Ltd | Financial | 1.70% | ₹34.71 Cr |
| Go Digit General Insurance Ltd. | Financial | 1.56% | ₹31.86 Cr |
| Care Ratings Ltd | Industrials | 1.42% | ₹28.99 Cr |
| Power Finance Corporation Ltd | Financial | 1.41% | ₹28.78 Cr |
| Equitas Small Finance Bank Ltd | Financial | 1.34% | ₹27.42 Cr |
| The Federal Bank Ltd | Financial | 1.26% | ₹25.79 Cr |
| General Insurance Corporation Of India Ltd | Financial | 1.13% | ₹23.06 Cr |
| Fino Payments Bank Ltd | Financial | 1.05% | ₹21.40 Cr |
| Multi Commodity Exchange Of India Ltd | Financial | 1.05% | ₹21.40 Cr |
| Bank Of Baroda | Financial | 1.00% | ₹20.32 Cr |
| Lic Housing Finance Ltd | Financial | 0.96% | ₹19.67 Cr |
| Cholamandalam Financial Holdings Ltd | Financial | 0.77% | ₹15.66 Cr |
| Indusind Bank Ltd | Financial | 0.76% | ₹15.45 Cr |
| Max Financial Services Ltd | Financial | 0.73% | ₹14.92 Cr |
| Rec Ltd | Financial | 0.71% | ₹14.46 Cr |
| Kfin Technologies Ltd | Financial | 0.57% | ₹11.58 Cr |
| Rbl Bank Ltd | Financial | 0.56% | ₹11.34 Cr |
| India Shelter Finance Corporation Ltd. | Financial | 0.52% | ₹10.58 Cr |
| Net Receivables | Unspecified | 0.16% | ₹3.34 Cr |
Mirae Asset Banking And Financial Services Fund Direct-idcw
What is the current AUM of Mirae Asset Banking And Financial Services Fund Direct-idcw?
As of Thu Jul 31, 2025, Mirae Asset Banking And Financial Services Fund Direct-idcw manages assets worth ₹2,042.5 crore
How has Mirae Asset Banking And Financial Services Fund Direct-idcw performed recently?
- 3 Months: 0.39%
- 6 Months: 18.37%
What is the long-term performance of Mirae Asset Banking And Financial Services Fund Direct-idcw?
- 3 Years CAGR: 17.71%
- Since Inception: 18.03%
What is the portfolio composition of Mirae Asset Banking And Financial Services Fund Direct-idcw?
Equity: 98.02%, Others: 1.98%.
Who manages Mirae Asset Banking And Financial Services Fund Direct-idcw?
Mirae Asset Banking And Financial Services Fund Direct-idcw is managed by Harshad Borawake from Mirae Asset Mutual Fund.
What is the market-cap allocation of Mirae Asset Banking And Financial Services Fund Direct-idcw?
Large Cap: 8.55%, Mid Cap: 15.90%, Small Cap: 6.73%.
Which are the top companies Mirae Asset Banking And Financial Services Fund Direct-idcw has invested in?
- HDFC Bank Ltd – 26.70% of the fund's portfolio
- ICICI Bank Ltd – 17.29% of the fund's portfolio
- State Bank of India – 7.60% of the fund's portfolio
- Axis Bank Ltd – 7.20% of the fund's portfolio
- Bajaj Finance Ltd – 2.93% of the fund's portfolio
Which are the major sectors Mirae Asset Banking And Financial Services Fund Direct-idcw focuses on?
- Financial – 96.60% of the fund's portfolio
- Unspecified – 1.98% of the fund's portfolio
- Industrials – 1.42% of the fund's portfolio
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