Mirae Asset Banking and Financial Services Fund · Regular · Growth
NAV
₹21.4970
as of 31 Jul 2026
Expense Ratio
2.00%
AUM
₹2,172 Cr
Lumpsum returns (CAGR)
- 1Y
- +4.63%
- 3Y
- +11.53%
- 5Y
- +12.91%
- Since Inception
- +14.39%
SIP returns (XIRR)
- 1Y
- +4.45%
- 3Y
- +10.04%
- 5Y
- +12.68%
- Since Inception
- +12.92%
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 —.
What history actually did — last 5 years (Aug 2021 – Jul 2026)
A ₹5,000 monthly SIP for the last 5 years (Aug 2021 – Jul 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹4,01,551 today — ₹2,95,000 invested, 12.6% XIRR.
₹2,95,000
Invested
₹4,01,551
Value today
12.6%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 5 years (Aug 2021 – Jul 2026)
Real NAV backtest
₹1,00,000 invested 5 years ago would be ₹1,82,751 today (12.8% CAGR).
A regular withdrawal plan (SWP)
Real NAV backtest
A ₹10,00,000 corpus withdrawing ₹5,000/month since Aug 2021 would still hold ₹14,25,959.
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹4,01,551 in this fund vs ₹3,87,327 in the benchmark — outperformance of ₹14,224.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 5 years (Aug 2021 – Jul 2026) (3 Jun 2024) would be ₹1,21,048 today (1.21×).
Historical simulation using actual published NAVs for the stated period. Past performance may or may not be sustained in the future. Not investment advice.
Risk Metrics
Trailing 1 year, annualised0.44
Sharpe Ratio
+0.10
Alpha
0.31
Beta
0.44
Sortino
15.66%
Std Dev
-15.90%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 30 Jun 2026- Banks60.13%
- Finance19.83%
- Capital Markets7.38%
- Insurance7.36%
- Financial Technology (Fintech)2.81%
Each sector links to the mutual funds most exposed to it.
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Fund Details
Available transactions
Portfolio holdings
- 1Hdfc Bank Ltd.15.49%
- 2Icici Bank Ltd.13.51%
- 3State Bank Of India8.79%
- 4Axis Bank Ltd.8.32%
- 5Kotak Mahindra Bank Ltd.4.71%
- 6Bajaj Finance Ltd.3.34%
- 7Aditya Birla Capital Ltd.3.09%
- 8The Federal Bank Ltd.3.04%
- 9Sbi Life Insurance Co. Ltd.3.04%
- 10L&T Finance Ltd.3.01%
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 ₹2,172 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