Pros | ![]() Lower expense ratio. | ![]() Among most bought funds within the category. ![]() Larger AUM within category. ![]() Beats FD returns for both 3Y & 5Y duration. | ||
Cons | - | - |
INDMoney rank | 5/11 | 3/11 | ||
Category,Subcateogry | Equity,Sector - Financial Services | Equity,Sector - Financial Services | ||
Fund Age | 4 Years | 10 Years | ||
Fund Size | 2085 Cr | 8538 Cr | ||
Min Investment | SIP ₹99 Lumpsum ₹5000 | SIP ₹500 Lumpsum ₹5000 | ||
Expense Ratio | 0.6% | 0.74% | ||
Exit Load | 1% | 0.5% | ||
Benchmark Index | Nifty Financial Services TR INR | Nifty Financial Services TR INR |
No of Holdings | 34 | 33 | ||
Top 5 Holdings | HDFC Bank Ltd (25.63%) ICICI Bank Ltd (16.53%) Axis Bank Ltd (7.91%) State Bank of India (7.66%) Bajaj Finance Ltd (3.38%) | HDFC Bank Ltd (23.01%) Kotak Mahindra Bank Ltd (7.83%) ICICI Bank Ltd (7.51%) Axis Bank Ltd (5.75%) Max Financial Services Ltd (5.56%) | ||
No of Sectors | 2 | 2 | ||
Top 3 Sectors | Financial Services (99.31%) Tech (0.69%) | Financial Services (100%) Government (0.9%) | ||
Equity % | 99.6% | 93.64% | ||
Debt % | - | 0.06% | ||
P/E | 16.58 | 19.57 | ||
P/B | 2.31 | 2.68 | ||
Credit Quality | - | - | ||
Modified Duration | - | - | ||
YTM | - | - |
1-Month Return | 2.84% | 3.18% | ||
3-Month Return | 13% | 14.13% | ||
6-Month Return | 19.11% | 18.82% | ||
1-Year Return | 12.13% | 16.26% | ||
3-Year Return | 24.1% | 24.77% | ||
5-Year Return | - | 24.97% |
Sharpe | 1.23 | 1.41 | ||
Alpha | 4.04 | 6.36 | ||
Beta | 0.97 | 0.84 | ||
Standard Deviation | 14.54 | 12.9 | ||
Information Ratio | 0.8 | 0.84 |
Description | Mirae Asset Banking and Financial Services Fund Direct Growth is an equity fund.The fund could potentially beat inflation in the long-run. | SBI Banking & Financial Services Direct Growth is an equity fund.The fund could potentially beat inflation in the long-run. | ||
Managers | Harshad Borawake | Milind Agrawal |