Fund Insights
In the last 1 year, Tata Banking & Financial Services Fund Direct Growth has given 11.95% return, outperforming this fund by 3.78%
This fund has one of the lowest expense ratio in the category (sector - financial services). Its expense ratio is 0.61% which is lower than the category average expense ratio of 1.03%
Mirae Asset Banking and Financial Services Fund Direct Growth is an equity fund. This fund was started on 11 December, 2020. The fund is managed by Gaurav Kochar. The fund could potentially beat inflation in the long-run.
1) Mirae Asset Banking and Financial Services Fund Direct Growth has a NAV of ₹13.76 as on 08-02-2023.
2) Mirae Asset Banking and Financial Services Fund Direct Growth has ₹1277 Cr worth of assets under management (AUM) as on 31-12-2022 and is less than category average.
3) The fund has an expense ratio 0.61 %.
Expense ratio | 0.61% |
Benchmark | S&P BSE BANKEX INR |
AUM | ₹1277 Cr |
Inception Date | 11 December, 2020 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1% |
Lock In | No Lock-in |
TurnOver | 6.92% |
Mirae Asset Banking and Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -2.16% | -2.16% |
6 Month Returns | 6.76% | 6.76% |
1 Year Returns | 7.44% | 7.44% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | 2.85 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | 0.98 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | 0.09 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Growth | 19.45 | - | - |
Mutual Fund execution provided by
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Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.