Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl
Equity
Direct
Sector - Financial Services
NAV: ₹ 16 as on 29-09-2023
Fund Performance
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 . 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 ₹1459 Cr worth of assets under management (AUM) as on Aug 2023 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
 | 0.66% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹1459 Cr |
 | 11 December, 2020 |
 | ₹5000/₹1000 |
 Exit Load | 1% |
 | No Lock-in |
 TurnOver | 29.22% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
70%
Mid cap
17.4%
Small cap
11.3%
Sector Allocation
Financial Services
98.6%
Tech
1.4%
Top Holdings of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl as on (31-Aug-23)
Equity Holdings27
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -2.11% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund underperformed Nifty 500 by 1.37% in Aug'23
AUM Change
- AUM of the fund stands at 1.5K Cr as of Aug'23
- AUM decreased by 31 Cr between Aug'23 and Jul'23
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 Aug
Top Growth Drivers | 1M Return |
|---|---|
KFin Technologies Ltd | 17.9% |
 Max Financial Services Ltd | 15.2% |
 Federal Bank Ltd | 6.6% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
Fund 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 18.3% since inception which is less than its category average return of 26.91%
Fund Allocations
This fund has an allocation of 98.76% in Equity, 0% in Debt and 1.24% in Cash related instruments
AUM size ₹1459 Cr
This fund has AUM of ₹1459 Cr which is more than its category average of ₹ 1453 Cr
Expense Ratio 0.66%
This fund has an expense ratio of 0.66% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is ₹16.05 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | 1.18% | 1.18% |
6 Month Returns | 22.98% | 22.98% |
1 Year Returns | 26.17% | 26.17% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
0.66% as on August 2023
₹1459 Cr as on August 2023
HDFC Bank Ltd(20.57%), ICICI Bank Ltd(17.52%), State Bank of India(9.37%), Axis Bank Ltd(8.03%), The Federal Bank Ltd(5.3%) as on August 2023
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 | 9.55 | - | - |
As on August 2023
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 | 0.99 | - | - |
As on August 2023
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 | 0.88 | - | - |
As on August 2023
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 | 13.66 | - | - |
As on August 2023
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.
The Exit load of Mirae Asset Banking and Financial Services Fund Direct Payout of Income Distribution cum Cptl Wdrl is 1%