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Mirae Asset Banking and Financial Services Fund - Direct Plan
Regular
Direct
3 Year Absolute Returns
57.13% ↑
NAV (₹) on 02 Apr 2026
21.01
1 Day NAV Change
-0.07%
Risk Level
Very High Risk
Rating
Mirae Asset Banking and Financial Services Fund - Direct Plan is a Equity mutual fund categorized under Sector, offered by Mirae Asset Global Investments (India) Pvt. Ltd.. Launched on 25 Nov 2020, ... Read more
NAV History
Fund Details
Min. SIP Amount
₹99
Inception Date
25 Nov 2020
Min. Lumpsum Amount
₹ 5,000
Fund Age
5 Yrs
AUM
₹ 2,272.13 Cr.
Benchmark
Nifty Financial Services Total Return
Expense Ratio
0.57%
Scheme Type
Open Ended
Exit Load
1%
Returns Calculator
Investment amount per month
₹1,000
Over the past
Would have become
On total investment of
*Calculation based on past performance of this fund.
Asset Allocation
AUM
₹ 2,272.13 Cr
Equity
194.27%
Money Market & Cash
6.05%
Sector Holdings
| Sectors | Weightage |
|---|---|
| Finance - Banks - Private Sector | 51.91% |
| Finance - Banks - Public Sector | 11.64% |
| Non-Banking Financial Company (NBFC) | 8.06% |
| Finance & Investments | 5.92% |
| Finance - Life Insurance | 5.36% |
| Treps/Reverse Repo | 5.17% |
| Finance - Housing | 2.79% |
| IT Consulting & Software | 1.76% |
| Finance - Non Life Insurance | 1.56% |
| Exchange Platform | 1.50% |
| Finance - Term Lending Institutions | 1.28% |
| Rating Services | 1.24% |
| Finance - Reinsurance | 0.99% |
| Services - Others | 0.82% |
| Financial Technologies (Fintech) | 0.23% |
Stock Holdings
| Name | Weightage | Value (in Cr.) | Sector |
|---|---|---|---|
| HDFC Bank Ltd. | 16.50% | ₹ 374.94 | Finance - Banks - Private Sector |
| ICICI Bank Ltd. | 13.75% | ₹ 312.33 | Finance - Banks - Private Sector |
| State Bank of India | 10.43% | ₹ 237.09 | Finance - Banks - Public Sector |
| Axis Bank Ltd. | 8.38% | ₹ 190.36 | Finance - Banks - Private Sector |
| TREPS | 5.17% | ₹ 117.55 | Others |
| Kotak Mahindra Bank Ltd. | 3.96% | ₹ 89.89 | Finance - Banks - Private Sector |
| SBI Life Insurance Co. Ltd. | 3.37% | ₹ 76.65 | Finance - Life Insurance |
| Bajaj Finance Ltd. | 3.36% | ₹ 76.24 | Non-Banking Financial Company (NBFC) |
| Karur Vysya Bank Ltd. | 2.86% | ₹ 64.94 | Finance - Banks - Private Sector |
| The Federal Bank Ltd. | 2.80% | ₹ 63.69 | Finance - Banks - Private Sector |
| Aditya Birla Capital Ltd. | 2.57% | ₹ 58.37 | Finance & Investments |
| L&T Finance Ltd. | 2.47% | ₹ 56.22 | Non-Banking Financial Company (NBFC) |
| Shriram Finance Ltd. | 2.23% | ₹ 50.76 | Non-Banking Financial Company (NBFC) |
| Canara HSBC Life Insurance Co.Ltd. | 1.99% | ₹ 45.17 | Finance - Life Insurance |
| HDB Financial Services Ltd. | 1.73% | ₹ 39.36 | Finance & Investments |
| GO Digit General Insurance Ltd. | 1.56% | ₹ 35.53 | Finance - Non Life Insurance |
| DCB Bank Ltd. | 1.54% | ₹ 35.09 | Finance - Banks - Private Sector |
| Multi Commodity Exchange of India Ltd. | 1.50% | ₹ 33.98 | Exchange Platform |
| Equitas Small Finance Bank Ltd. | 1.31% | ₹ 29.79 | Finance - Banks - Private Sector |
| Power Finance Corporation Ltd. | 1.28% | ₹ 29.05 | Finance - Term Lending Institutions |
| Kfin Technologies Ltd. | 1.27% | ₹ 28.79 | Finance & Investments |
| CARE Ratings Ltd. | 1.24% | ₹ 28.11 | Rating Services |
| Bank of Baroda | 1.21% | ₹ 27.51 | Finance - Banks - Public Sector |
| Home First Finance Company India Ltd. | 1.07% | ₹ 24.39 | Finance - Housing |
| General Insurance Corporation of India | 0.99% | ₹ 22.53 | Finance - Reinsurance |
| Aadhar Housing Finance Ltd. | 0.93% | ₹ 21.05 | Finance - Housing |
| Billionbrains Garage Ventures Ltd. | 0.91% | ₹ 20.68 | IT Consulting & Software |
| Pine Labs Ltd. | 0.85% | ₹ 19.22 | IT Consulting & Software |
| Central Depository Services (I) Ltd. | 0.82% | ₹ 18.57 | Services - Others |
| IndusInd Bank Ltd. | 0.81% | ₹ 18.50 | Finance - Banks - Private Sector |
| LIC Housing Finance Ltd. | 0.79% | ₹ 18.04 | Finance - Housing |
| Cholamandalam Financial Holdings Ltd. | 0.35% | ₹ 7.84 | Finance & Investments |
| PB Fintech Ltd. | 0.23% | ₹ 5.19 | Financial Technologies (Fintech) |
Returns
| Annualised returns | ||||
|---|---|---|---|---|
| 9M | 1Y | 2Y | 3Y | |
| Fund returns | -6.20% | 5.73% | 9.56% | 16.26% |
| Category returns | -7.38% | 1.10% | 4.40% | 20.04% |
Fund Objective
The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in ... Read more
AMC Details
Name
Mirae Asset Global Investments (India) Pvt. Ltd.
Date of Incorporation
30 Nov 2007
CEO
Mr. Swarup Anand Mohanty
CIO
Mr. Neelesh Surana, Mr. Mahendra Kumar Jajoo
Type
Foreign
Address
Unit 606, 6th Floor, Windsor,
Off CST Road,
Kalina,
Santacruz (E), Mumbai, Maharashtra, India - 400098
Website
http://www.miraeassetmf.co.in
Email
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₹183.63 | -6.78% | 32.14% | 68.18% | ₹4,273 | 1.92% |
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HDFC Banking & Financial Services Fund - Direct Plan
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₹14.90 | 4.00% | 31.81% | 0.00% | ₹4,510 | 0.80% |
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HDFC Banking & Financial Services Fund - Direct Plan
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₹14.90 | 4.00% | 31.81% | 0.00% | ₹4,510 | 0.80% |
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DSP Quant Fund - Direct Plan
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₹31.33 | -7.57% | 31.57% | 70.85% | ₹2,300 | 2.06% |
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Top Funds from Mirae Asset Global Investments (India) Pvt. Ltd.
|
Scheme Name
|
NAV
|
Returns
1Y
3Y
5Y
|
AUM (Cr)
|
Expense Ratio
|
Risk Meter
|
||
|---|---|---|---|---|---|---|---|
|
Mirae Asset Large Cap Fund
Diversified
Regular
|
₹101.89 | -2.13% | 32.92% | 54.23% | ₹40,184 | 1.52% |
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Mirae Asset Midcap Fund - Direct Plan
Diversified
Direct
|
₹23.98 | -0.76% | 32.39% | 42.98% | ₹18,070 | 0.56% |
Very High
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Mirae Asset Midcap Fund - Direct Plan
Diversified
Direct
|
₹23.98 | -0.76% | 32.39% | 42.98% | ₹18,070 | 0.56% |
Very High
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Mirae Asset Balanced Advantage Fund - Direct Plan
Hybrid
Direct
|
₹13.32 | -3.70% | 31.45% | 0.00% | ₹2,053 | 0.66% |
Very High
|
|
Mirae Asset Balanced Advantage Fund - Direct Plan
Hybrid
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₹13.32 | -3.70% | 31.45% | 0.00% | ₹2,053 | 0.66% |
Very High
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Mirae Asset Midcap Fund
Diversified
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₹21.86 | -1.84% | 28.12% | 34.05% | ₹18,070 | 1.65% |
Very High
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Mirae Asset Midcap Fund
Diversified
Regular
|
₹21.86 | -1.84% | 28.12% | 34.05% | ₹18,070 | 1.65% |
Very High
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Mirae Asset Great Consumer Fund - Direct Plan
Diversified
Direct
|
₹58.68 | -2.51% | 26.54% | 40.51% | ₹4,473 | 0.44% |
Very High
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Mirae Asset Great Consumer Fund - Direct Plan
Diversified
Direct
|
₹58.68 | -2.51% | 26.54% | 40.51% | ₹4,473 | 0.44% |
Very High
|
|
Mirae Asset Balanced Advantage Fund
Hybrid
Regular
|
₹12.67 | -4.96% | 26.19% | 0.00% | ₹2,053 | 2.04% |
Very High
|
FAQs
What is the current NAV of Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW?
The current Net Asset Value (NAV) of Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW is ₹21.01 as of 02 Apr 2026. NAV represents the per-unit market value of the fund and is updated daily based on the closing prices of the underlying securities.
What is the fund size (AUM) of Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW?
The Assets Under Management (AUM) of Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW is ₹2,272.13 Crores. AUM indicates the total market value of assets managed by the fund and reflects investor confidence and fund popularity.
What are the historical returns of Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW?
Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW has delivered returns of 5.73% (1 Year), 16.26% (3 Year), 13.47% (5 Year). Past performance does not guarantee future results, and investors should consider their risk appetite before investing.
What is the risk level of Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW?
Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW has a risk rating of 'Very High' as per the SEBI Riskometer. This indicates the fund is suitable for very aggressive investors comfortable with significant market volatility. Investors should align their investment choices with their personal risk tolerance and financial goals.
What is the minimum investment amount for Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW?
The minimum lumpsum investment required for Mirae Asset Banking and Financial Services Fund - Direct Plan IDCW is ₹5,000. The fund also offers SIP (Systematic Investment Plan) option starting from as low as ₹99, making it accessible for regular investments. This allows investors to start their mutual fund journey with a manageable amount.
Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article
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