Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
Equity
Direct
Sector - Financial Services
NAV: ₹ 17.47 as on 16-04-2024
Fund Performance
11 people have invested ₹ 22.5K in Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl in the last three months
About the Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is an equity fund. This fund was started on 11 December, 2020. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl has ₹1594 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl Overview
 | 0.65% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹1594 Cr |
 | 11 December, 2020 |
 | ₹5000/₹500 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 29.22% |
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl Distribution as on (31-Mar-24)
Size breakup
Large cap
65.1%
Mid cap
21.1%
Small cap
12.7%
Sector Allocation
Financial Services
99.3%
Tech
0.7%
Top Holdings of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl as on (31-Mar-24)
Equity Holdings30
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 18.57% | 0% | |
 ICICI Bank Ltd | 18.12% | -3.4% | |
 State Bank of India | 9.43% | -6.4% | |
 Axis Bank Ltd | 6.86% | -1.9% | |
 The Federal Bank Ltd | 6% | 6.7% |
See all
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund underperformed Nifty 500 by 0.33% in Mar'24
AUM Change
- AUM of the fund stands at 1.6K Cr as of Mar'24
- AUM decreased by 6.4 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 BSE Ltd | 40.6% |
 Bajaj Finance Ltd | 12% |
 HDFC Bank Ltd | 4% |
Top Losers | 1M Return |
|---|---|
 Axis Bank Ltd | -0.6% |
Fusion Micro Finance Ltd | 7% |
 IIFL Finance Ltd | 9.5% |
Peer Analysis
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 18.15% since inception which is more than its category average return of 15.07%
Fund Allocations
This fund has an allocation of 99.3% in Equity, 0% in Debt and 0.7% in Cash related instruments
AUM size ₹1594 Cr
This fund has AUM of ₹1594 Cr which is more than its category average of ₹ 1548 Cr
Expense Ratio 0.65%
This fund has an expense ratio of 0.65% which is less than its category average expense ratio of 1.35%
Frequently Asked Questions
The current NAV of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is ₹17.47 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 3.1% | 3.1% |
6 Month Returns | 8.48% | 8.48% |
1 Year Returns | 26.75% | 26.75% |
3 Years Returns | 62.69% | 17.61% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.65% as on March 2024
₹1594 Cr as on March 2024
HDFC Bank Ltd(18.57%), ICICI Bank Ltd(18.12%), State Bank of India(9.43%), Axis Bank Ltd(6.86%), The Federal Bank Ltd(6%) as on March 2024
The alpha ratio for the Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl | 12.23 | 4.94 | - |
As on March 2024
The alpha for Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl | 0.7 | 0.9 | - |
As on March 2024
The Beta for Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl | 1.77 | 0.72 | - |
As on March 2024
The sharpe ratio for Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl | 10.89 | 14.8 | - |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.33 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.01 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
The Exit load of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is 1%