The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies/Entities engaged in banking and financial services sector.
Exit Load1.00%
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Mirae Asset Banking and Financial Services Fund is ₹20.33 as of 2026-10-12.
Mirae Asset Banking and Financial Services Fund is classified as a Sectoral-Banking & Financial Services fund.
Mirae Asset Banking and Financial Services Fund is managed by Mirae Asset Mutual Fund.
The Assets Under Management (AUM) of Mirae Asset Banking and Financial Services Fund is ₹2,195.97 Cr.
The expense ratio of Mirae Asset Banking and Financial Services Fund is 2.15%.
Mirae Asset Banking and Financial Services Fund is managed by Abhijith Vara.
The minimum SIP investment for Mirae Asset Banking and Financial Services Fund is ₹99.
The exit load for Mirae Asset Banking and Financial Services Fund is 1%.
As per the SEBI Riskometer, Mirae Asset Banking and Financial Services Fund carries a Very High risk level.
Mirae Asset Banking and Financial Services Fund has delivered -2.13% (1Y), 9.45% (3Y) and 9.5% (5Y) annualised returns as of 2026-10-12.
Mirae Asset Banking and Financial Services Fund was launched on 2007-11-30.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
