Mirae Asset Banking and Financial Services Fund · Regular · Growth
NAV
₹21.1540
as of 16 Jun 2026
Expense Ratio
2.00%
AUM
₹2,199 Cr
Lumpsum returns (CAGR)
- 1Y
- +3.48%
- 3Y
- +13.95%
- 5Y
- +12.94%
- Since Inception
- +14.40%
SIP returns (XIRR)
- 1Y
- +2.73%
- 3Y
- +10.05%
- 5Y
- +12.63%
- Since Inception
- +12.88%
Returns calculated from 20 November 2020 onwards due to a structural change in the scheme on that date. Earlier NAV history is preserved but excluded from multi-year return calculations. Periods spanning this date show —.
Beat the benchmark — ₹500/month SIP
Same SIP in this fund vs the benchmark index
This fund
₹45,742
Benchmark
₹45,373
+₹369 extra wealth vs the benchmark index
Backtest this SIP yourselfSIP since inception — what ₹500/month became
Real NAV backtest from day one
₹33,500
Invested
₹45,742
Value today
11.3%
XIRR (p.a.)
₹500/month SIP from fund inception · Current value as of today
Try SIP Calculator with this fund's history₹1,000 lumpsum at launch — value today
Invested on the fund's first NAV date
₹1,000
Invested
₹2,024
Value today
13.5%
CAGR (p.a.)
One-time investment at fund inception · Growth purely from NAV appreciation
Try Lumpsum Calculator₹10L corpus with ₹5,000/month withdrawals since inception
Corpus is still growing despite monthly payouts
₹10,00,000
Initial corpus
₹3,35,000
Withdrawn
₹15,66,484
Corpus left
+₹9,01,484 net gain — withdrew ₹3,35,000 AND corpus grew
Plan your SWP with real NAV₹6L corpus via 12-month STP from a liquid fund at inception
₹50K/month transferred from HDFC Liquid → this fund at launch
₹6,00,000
Invested
₹10,76,397
Value today
-11.4%
vs lumpsum
Direct lumpsum would have beaten STP by 11.4% — but STP reduced timing risk
Model your own STP with real NAV₹1 lakh on the worst crash day — 03 Jun 2024
Worst single-day Nifty drop during this fund's life
₹1,00,000
Invested
₹1,13,965
Value today
1.1×
Multiple
Staying invested through that crash turned ₹1L into ₹1,13,965 — a 1.1× return
Read: Staying invested through crashesRisk Metrics
Trailing 1 year, annualised0.24
Sharpe Ratio
+0.08
Alpha
0.50
Beta
0.25
Sortino
16.03%
Std Dev
-15.90%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 31 Mar 2026- Finance16.00%
- Insurance7.00%
- Capital Markets7.00%
- Financial Technology (Fintech)2.00%
Each sector links to the mutual funds most exposed to it.
Thinking about Mirae Asset Banking and Financial Services Fund · Regular · Growth?
Talk to our AMFI-registered team — free, no pressure. We'll help you see if this fund fits your goals.
Fund Details
Available transactions
Portfolio holdings
- 1Hdfc Bank Ltd.15.64%
- 2Icici Bank Ltd.13.83%
- 3State Bank Of India9.78%
- 4Axis Bank Ltd.8.38%
- 5Kotak Mahindra Bank Ltd.3.87%
- 6Sbi Life Insurance Co. Ltd.3.39%
- 7Bajaj Finance Ltd.3.11%
- 8Karur Vysya Bank Ltd.2.92%
- 9The Federal Bank Ltd.2.79%
- 10Aditya Birla Capital Ltd.2.51%
Investment Objective
Mirae Asset Banking and Financial Services Fund · Regular · Growth invests in stocks from a specific sector or theme, offering concentrated exposure to a particular area of the economy. These funds carry sector-specific risks but can deliver significant returns when the underlying sector performs well.
About This Fund
Mirae Asset Banking and Financial Services Fund · Regular · Growth is a Sectoral / Thematic mutual fund offered by Mirae Asset Mutual Fund. The fund has been operational for over 5 years. It manages assets worth ₹2,199 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY 500 TRI. The current expense ratio is 2.00%.
Who Should Invest?
- •Investors with a high risk appetite seeking long-term wealth creation
- •Investors with an investment horizon of 5 years or more
- •SIP investors who can benefit from rupee cost averaging during market fluctuations