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

Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl

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Equity
Direct
Sector - Financial Services

NAV: ₹ 14.2 as on 02-12-2022

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 2K in mutual fund in the last three months

Fund Performance

Return
1M
3M
6M
1Y
This Fund
4.5%
7%
19.7%
11.9%
Benchmark
2.8%
4.4%
13.4%
7.5%
Category
5.5%
9.9%
22.5%
17.8%
About the Fund

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 Gaurav Kochar. The fund could potentially beat inflation in the long-run.

Key parameters

1) Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl has a NAV of 14.166 as on 02-12-2022.

2) Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl has 1224 Cr worth of assets under management (AUM) as on 31-10-2022 and is less than category average.

3) The fund has an expense ratio 0.62 %.

Fund Overview

Expense ratio
Expense ratio
0.62%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹1224 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
6.92%

Fund Distribution

  • Equity 99%
  • Debt & Cash 1%
Size breakup
Large cap
82.5%
Mid cap
8.5%
Small cap
7.8%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

99.8%

Tech

0.2%

Top Holdings

  • All
  • Equity
Total Holdings28
Equity Holdings28

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 86.1 Cr in last 1M
Oct'22 return outperformed benchmark

Change in AUM

Oct'22
₹ 1.2K Cr
Sep'22
₹ 1.1K Cr
Aug'22
₹ 1.2K Cr

Fund Returns vs Benchmark

Oct'22
6.54%
5.37%
Sep'22
-4.00%
-2.51%
Aug'22
4.50%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
28
28
26
Top 5 Company Concentration
65.8%
65.8%
65.6%
Company having highest exposure
HDFC Bank Ltd (19.3%)
ICICI Bank Ltd (19.7%)
ICICI Bank Ltd (20.1%)
No of Sectors
3
3
3
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (98.8%)
Financial Services (99.2%)
Financial Services (99%)

Fund Manager

Gaurav Kochar

Gaurav Kochar

Managing this fund since 11 December 2020

AMC details

Address
Mirae Asset Investment Managers (India) Private Limited.,Unit No. 606, 6th Floor,,Windsor Bldg, Off CST Road,,Kalina, Santacruz (East), Mumbai - 400 098
Phone
91-22-22-6780300
Fund House
Mirae Asset Investment Managers (India) Private Limited

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 19.29% since inception which is less than its category average return of 29.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 98.97% in Equity, 0% in Debt and 1.03% in Cash related instruments
AUM size ₹1224 Cr

AUM size ₹1224 Cr

This fund has AUM of ₹1224 Cr which is less than its category average of ₹ 1460 Cr
Expense Ratio 0.62%

Expense Ratio 0.62%

This fund has an expense ratio of 0.62% which is less than its category average expense ratio of 1.6%

Frequently Asked Questions

The current NAV of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is 14.17.
Existing (Absolute + CAGR)
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
4.45%
4.45%
6 Month Returns
19.68%
19.68%
1 Year Returns
11.9%
11.9%
3 Years Returns
0%
0%
5 Years Returns
0%
0%
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0.62 as on November 2022
1224 Cr as on November 2022
HDFC Bank Ltd(19.35%),ICICI Bank Ltd(19.24%),Axis Bank Ltd(10.95%),State Bank of India(9.78%),Housing Development Finance Corp Ltd(6.53%) as on November 2022
Financial Services(98.81%),Cash Equivalent(1.03%),Tech(0.16%) as on November 2022
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
2.99
-
-
As on month end.
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
1
-
-
As on month end.
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
0.57
-
-
As on month end.
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
19.05
-
-
As on month end.
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.
Gaurav Kochar is the fund manager of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
The Exit load of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is 1%

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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.