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Mutual Funds

Mirae Asset Banking and Financial Services Fund

Mi

Mirae Asset Banking and Financial Services Fund

Sectoral-BankingRank #21
3/5

NAV (2026-07-14)

21.66

AUM

₹2,304.89 Cr

Exp. Ratio: 2.11%

RISK LEVEL

Very High

Returns & Performance

1 Year4.00%0.40% vs cat avgRank #20
3 Year13.34%1.33% vs cat avgRank #11
5 Year12.73%0.97% vs cat avgRank #5
Since Launch14.82%--

Fund vs Category Average

1Y
4.00%-0.40%
3Y
13.34%+1.33%
5Y
12.73%+0.97%

Pros & Cons

Pros

Strong 3Y track record vs category
Above category avg 5Y returns
No lock-in period

Cons

1Y returns trail category average
Higher expense ratio (2.11%)
1Y category rank outside top 15 (#20)
Overall rank #21 in category
ISININF769K01GU5
NAV₹21.66
NAV Date2026-07-14
AUM₹2,304.89 Cr
Expense Ratio2.11%
RiskVery High
Rating3 / 5
Min SIP Amount₹99
Max SIP Amount₹999999999
Min Additional Inv.₹1000
SIP AllowedYes
Plan TypeRegular
Plan OptionGrowth
Is NFONo
Fund House Incorp.2007-11-30

INVESTMENT OBJECTIVE

The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies 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%.

Abhijith Vara

PGDM (IIM Kozhikode ), B.Tech(Elec. Engg, IIT Madras)

Prior to joining the Miraem Asset MF, he was associated with Axis AMC, Unifi Capital, Sundaram AMC,

Top Holdings

Holdings data not available for this scheme