Mutual Fund Research

Mirae Asset Banking and Financial Services Fund-Reg(G)

As on Mar-27-2024 change fund
16.25  up0.09 (0.54%)

fund objective

The investment objective of the scheme is to generate long-term capital appreciation from a portfoliothat is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector.

riskometer

Investors understand that their principal will be at very high risk

5-Years History
financial year2020-20212021-20222022-20232023-2024
NAV in Rs (as on 27-Mar-2024)11.0012.0812.9016.25
Net Assets(Rs Crores) (as on 27-Mar-2024) 514.70 993.03 1232.09 1600.17
Scheme Returns(%)(Absolute)10.018.564.7525.18
B'mark Returns(%)(Absolute)NANANANA
Category Rank65/7555/7535/7659/90
Quarterly performance - Last 5 years (Absolute Ret. in %)
financial year Q1 Q2 Q3 Q4
2023-202414.284.287.43NA
2022-2023-9.1312.8410.19-5.52
2021-20225.418.86-4.27-0.02
2020-2021NANANA6.64
Top 10 holdings
company (%)
ICICI Bank Ltd.17.99 
HDFC Bank Ltd.17.93 
State Bank Of India9.98 
Axis Bank Ltd.7.15 
The Federal Bank Ltd.5.61 
Shriram Finance Ltd.3.60 
LIC Housing Finance Ltd.3.27 
Fusion Micro Finance Ltd.3.08 
SBI Life Insurance Company Ltd.3.06 
IIFL Finance Ltd.2.45 

Category

Sector Funds

Launch Date

11-Dec-20

Scheme Benchmark

S&P BSE SENSEX - TRI

AUM ( in Cr.)

1,600.17

portfolio price to book value

2.9

investing style?

Large Growth

fund manager?

Gaurav Kochar

inception date (regular plan)

11-Dec-20

expense ratio (regular plan) %

2.09

Top 10 sectors
sectors (%)
Bank - Private54.49
Bank - Public11.50
Finance - NBFC9.93
Finance - Housing6.86
Finance - Investment3.80
Finance - Others3.44
Insurance3.19
Finance Term Lending2.29
Ratings0.78
Depository Services0.66

Growth Chart of the Scheme vis a vis benchmark (SIP value 10,000)

to go
  • 1M
  • 3M
  • 6M
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  • maximum
performance comparision with similar schemes and benchmark
scheme name investment style inception date AUM in Cr. 1Y(%) 3Y(%) 5Y(%) 10Y(%) since inception
Mirae Asset Banking and Financial Services Fund-Reg(G)Large-Growth 11-Dec-20201,600.1729.5213.97NANA15.88
Nippon India Banking & Financial Services Fund(G)Large-Growth 26-May-20035,225.1536.5520.6012.6515.9620.72
Sundaram Fin Serv Opp Fund(G)Large-Blend 10-Jun-20081,150.0840.9718.0816.5115.9014.69
Invesco India Financial Services Fund(G)Large-Growth 14-Jul-2008726.4640.6117.0013.7816.4416.33
Aditya Birla SL Banking & Financial Services Fund-Reg(G)Large-Growth 14-Dec-20133,023.3733.4314.7911.4016.2516.87
ICICI Pru Banking & Fin Serv Fund(G)Large-Growth 22-Aug-20087,355.7827.1914.1110.6016.3616.38
Taurus Banking & Fin Serv Fund-Reg(G)Large-Blend 22-May-201210.2029.0213.8712.4213.6013.69
UTI Banking and Financial Services Fund-Reg(G)Large-Growth 30-Jul-20051,028.6029.2913.838.6112.5713.05
SBI Banking & Financial Services Fund-Reg(G)Large-Growth 26-Feb-20154,971.8735.5913.3813.01NA13.89
Tata Banking & Financial Services Fund-Reg(G)Large-Growth 28-Dec-20151,944.1728.5513.2712.79NA15.80
LIC MF Banking & Financial Services Fund-Reg(G)Large-Blend 27-Mar-2015295.2923.4913.2510.36NA6.69
Baroda BNP Paribas Banking and Fin Serv Fund-Reg(G)Large-Growth 22-Jun-2012121.3131.0011.6510.6713.1612.02
HDFC Banking & Financial Services Fund-Reg(G)Large-Growth 01-Jul-20213,180.5529.28NANANA12.39
Kotak Banking & Financial Services Fund-Reg(G)Large-Growth 27-Feb-2023805.4025.95NANANA22.23
ITI Banking & Financial Services Fund-Reg(G)Large-Growth 06-Dec-2021257.3225.44NANANA10.36
DSP Banking & Financial Services Fund-Reg(G)Large-Growth 08-Dec-2023540.84NANANANA-1.87
WOC Banking & Financial Services Fund-Reg(G)Large-Growth 06-Feb-2024121.16NANANANA-2.67
Quant BFSI Fund-Reg(G)Large-Growth 20-Jun-2023432.48NANANANA51.52
Bandhan Financial Services Fund-Reg(G)Large-Growth 28-Jul-2023742.32NANANANA17.16
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