Mirae Asset Banking and Financial Services Fund · Regular · Growth
NAV
₹20.3290
as of 30 Sept 2026
Expense Ratio
2.15%
AUM
₹2,186 Cr
Lumpsum returns (CAGR)
- 1Y
- +0.67%
- 3Y
- +9.76%
- 5Y
- +10.16%
- Since Inception
- +13.01%
SIP returns (XIRR)
- 1Y
- -6.40%
- 3Y
- +5.06%
- 5Y
- +9.66%
- Since Inception
- +10.35%
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 (Oct 2021 – Sept 2026)
A ₹5,000 monthly SIP for the last 5 years (Oct 2021 – Sept 2026)
Real NAV backtest
A ₹5,000 monthly SIP would be worth ₹3,73,185 today — ₹2,95,000 invested, 9.6% XIRR.
₹2,95,000
Invested
₹3,73,185
Value today
9.6%
XIRR (p.a.)
A ₹1,00,000 lumpsum, the last 5 years (Oct 2021 – Sept 2026)
Real NAV backtest
₹1,00,000 invested 5 years ago would be ₹1,62,230 today (10.2% CAGR).
A regular withdrawal plan (SWP)
Real NAV backtest
A ₹10,00,000 corpus withdrawing ₹5,000/month since Oct 2021 would still hold ₹12,49,112.
Fund vs Benchmark (TRI)
Same SIP, benchmark total-return index
The same SIP would be worth ₹3,73,185 in this fund vs ₹3,58,985 in the benchmark — outperformance of ₹14,200.
Buying the worst day
Real NAV backtest
₹1,00,000 invested on the worst market day of the last 5 years (Oct 2021 – Sept 2026) (3 Jun 2024) would be ₹1,14,472 today (1.15×).
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, annualised0.16
Sharpe Ratio
+0.01
Alpha
0.30
Beta
0.16
Sortino
15.21%
Std Dev
-15.90%
Max Drawdown
Performance Comparison
Sectoral allocation
as of 31 Aug 2026- Banks58.53%
- Finance17.78%
- Capital Markets9.50%
- Insurance7.06%
- Financial Technology (Fintech)3.16%
Each sector links to the mutual funds most exposed to it.
Related reading
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Fund Details
Available transactions
Portfolio holdings
- 1Icici Bank Ltd.13.98%
- 2Hdfc Bank Ltd.13.46%
- 3State Bank Of India8.87%
- 4Axis Bank Ltd.7.86%
- 5Kotak Mahindra Bank Ltd.4.21%
- 6Bajaj Finance Ltd.3.43%
- 7L&T Finance Ltd.3.04%
- 8Sbi Life Insurance Co. Ltd.2.93%
- 9Kfin Technologies Ltd.2.91%
- 10Hdb Financial Services Ltd.2.66%
What this fund does
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 ₹2,186 Cr, reflecting investor confidence in the fund's strategy. It benchmarks its performance against NIFTY 500 TRI. The current expense ratio is 2.15%.