October 11, 2025
RA Jainee
Mirae Asset Banking and Financial Services Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 22.2970
NAV IDCW: Rs 22.2060
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
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.
Fund Manager:
1) Abhijith Vara
Education: PGDM (IIM Kozhikode ), B.Tech(Elec. Engg, IIT Madras)
Experience: Prior to joining the Miraem Asset MF, he was associated with Axis AMC, Unifi Capital, Sundaram AMC,
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 99 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 5 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 1% for redemption within 365 days |
Basic Details of Mirae Asset Banking and Financial Services Fund
| Fund House | Mirae Asset Mutual Fund |
| Launch Date | 11-Dec-20 |
| Return Since Launch | 18.06% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,975 Cr |
| (As on 31-Aug-2025) | |
| Expense | 0.57% |
| (As on 30-Sep-2025) | |
| Risk Grade | Average |
| Return Grade | Above Average |
| Turnover | 40.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Mirae Asset Banking and Fin Srvcs Dir | 13.38 | 0.27 | 3.19 | -0.82 | 14.35 | 11.89 | 19.86 | — | — | — |
| BSE Bankex TRI | 10.54 | 0.33 | 4.41 | -0.90 | 11.03 | 10.09 | 13.21 | — | — | — |
| Equity: Sectoral-Banking | 12.47 | 0.38 | 3.51 | -0.82 | 14.59 | 10.44 | 17.75 | — | — | — |
| Rank within category | 10 | 31 | 28 | 12 | 12 | 7 | 6 | — | — | — |
| Number of funds in category | 33 | 39 | 39 | 37 | 37 | 32 | 18 | 12 | 11 | 10 |
Peer Comparison of Mirae Asset Banking and Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turn over (%) | |
| Mirae Asset Banking and Fin Srvcs Dir | 3 star | 11.89 | 19.86 | — | 0.57 | 1,975 | 18.06 | 1.00 (365) | 4Y 9M | 40.00 |
| SBI Banking & Financial Services Dir | 4 star | 15.86 | 20.76 | 22.3 | 0.77 | 8,693 | 16.01 | 0.50 (30) | 10Y 7M | 110.00 |
| Nippon India Banking & Financial Srvices Dir | 5 star | 9.92 | 19.07 | 25.73 | 0.98 | 7,185 | 14.44 | 1.00 (30) | 12Y 9M | 21.00 |
| HDFC Banking & Financial Services Dir | 4 star | 9.44 | 18.87 | — | 0.77 | 4,135 | 14.84 | 1.00 (30) | 4Y 3M | 17.80 |
| Sundaram Financial Services Opportunities Dir | 4 star | 4.86 | 20.28 | 22.88 | 0.78 | 1,460 | 14.08 | 0.50 (30) | 12Y 9M | 49.20 |
Portfolio Analysis of Mirae Asset Banking and Financial Services Fund
| No. of Stocks | 30 |
| Top 10 Stocks | 75.38% |
| Top 5 Stocks | 62.62% |
| Top 3 Sectors | 99.13% |
| Portfolio P/B Ratio | 2.13 |
| Portfolio P/E Ratio | 15.61 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,07,960 | 3,57,379 |
| Giant (%) | 69.10 | 66.51 |
| Large (%) | 10.69 | 18.93 |
| Mid (%) | 14.36 | 16.22 |
| Small (%) | 5.85 | 5.39 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For Mirae Asset Banking and Financial Services Fund
WILL POST SOON
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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