Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth

Mirae Asset Banking and Financial Services Fund Direct Growth

Equity
Direct
Very High Risk
Sector - Financial Services

NAV: ₹ 13.81 as on 25-10-2021

Fund Overview

Expense ratio
Expense ratio
0.65%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹774 Cr
Inception Date
Inception Date
11 December, 2020
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹1000
Exit Load
Exit Load
1%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
3.82%

Fund Distribution

  • Equity 97.9%
  • Debt & Cash 2.1%
Size breakup
Large cap
86.22%
Mid cap
13.3%
Small cap
0.49%
Sector Allocation
Financial Services100%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings24
Equity Holdings22
Debt Holdings2
HDFC Bank Ltd
HDFC Bank Ltd
21.6%
ICICI Bank Ltd
ICICI Bank Ltd
16%
State Bank of India
State Bank of India
9.7%
Axis Bank Ltd
Axis Bank Ltd
9.4%
Housing Development Finance Corp Ltd
Housing Development Finance Corp Ltd
8.9%
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank Ltd
5.1%
The Federal Bank Ltd
The Federal Bank Ltd
3.9%
SBI Life Insurance Company Limited
SBI Life Insurance Company Limited
3.3%

Fund Highlights

Fund Manager
Fund Manager

Fund Manager

Harshad Borawake,Gaurav Kochar
About the fund

About the fund

This fund has delivered an average annual returns of 38.14% since inception which is more than its category average return of 16.62%
Fund Allocations

Fund Allocations

This fund has an allocation of 97.9% in Equity, 0% in Debt and 2.1% in Cash related instruments
AUM size ₹774 Cr

AUM size ₹774 Cr

This fund has AUM of ₹774 Cr which is less than its category average of ₹ 1379 Cr
Expense Ratio 0.65%

Expense Ratio 0.65%

This fund has an expense ratio of 0.65% which is less than its category average expense ratio of 1.63%

AMC details

Fund House
Mirae Asset Investment Managers (India) Private Limited
Email
Phone
+912267800300
Address
India
We are a SEBI registered investement advisor