Home
>Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
Compare
Equity
Direct
Sector - Financial Services
NAV: ₹ 13.7 as on 08-02-2023
Fund Performance
5 people have invested ₹ 17K in mutual fund in the last three months
Fund Performance as on (19-Jan-23)
About the Fund
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis 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 Reinvestment of Income Dis cum Cptl Wdrl has a NAV of ₹13.721 as on 08-02-2023.
2) Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl 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 %.
Fund Overview
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% |
Fund Distribution as on (31-Dec-22)
Size breakup
Large cap
79.1%
Mid cap
10.8%
Small cap
9.5%
Sector Allocation
Financial Services
98.8%
Tech
1.2%
Top Holdings as on (31-Dec-22)
Equity Holdings26
Holdings | Weight% | Holdings Trend | 1M Change |
|---|---|---|---|
HDFC Bank Ltd | 20.16% | 0% | |
ICICI Bank Ltd | 17.97% | -0.6% | |
Axis Bank Ltd | 10.26% | -1.1% | |
State Bank of India | 9.32% | -4.7% | |
Housing Development Finance Corp Ltd | 6.27% | -3.2% |
See all
What changed
in last one month
AUM decreased by 0.9 Cr in last 1M
Dec'22 return outperformed benchmark
Change in AUM
Dec'22
₹ 1.3K Cr
Nov'22
₹ 1.3K Cr
Oct'22
₹ 1.2K Cr
Fund Returns vs Benchmark
Jan'23
6.54%
5.37%
Dec'22
4.59%
2.63%
Nov'22
6.54%
5.37%
Fund Return
Benchmark Return
Concentration Analysis as on (31-Dec-22)
Winners & Losers as on (31-Dec-22)
Top Growth Drivers | 1M Return |
|---|---|
Shriram Finance Ltd | 7% |
Axis Bank Ltd | 3.3% |
Peer Analysis
Fund Manager
Gaurav Kochar
Fund Manager of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl, since 11 December 2020
AMC details
Fund House
Mirae Asset Investment Managers (India) Private Limited
Total Schemes
Total AUM
₹1.19L Cr
as on 31-Dec-2022
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
Email
customercare@miraeasset.com
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 15.43% since inception which is less than its category average return of 25.91%
Fund Allocations
This fund has an allocation of 99.44% in Equity, 0% in Debt and 0.56% in Cash related instruments
AUM size ₹1277 Cr
This fund has AUM of ₹1277 Cr which is less than its category average of ₹ 1391 Cr
Expense Ratio 0.61%
This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.53%
Frequently Asked Questions
The current NAV of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl is 13.63 as on 07-Feb-2023.
Existing (Absolute + CAGR)
Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl | Absolute Returns | CAGR Returns |
1 Month Returns | -2.17% | -2.17% |
6 Month Returns | 6.74% | 6.74% |
1 Year Returns | 7.4% | 7.4% |
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.
0.61 as on January 2023
1277 Cr as on January 2023
HDFC Bank Ltd(20.16%),ICICI Bank Ltd(17.97%),Axis Bank Ltd(10.26%),State Bank of India(9.32%),Housing Development Finance Corp Ltd(6.27%) as on January 2023
Financial Services(98.21%),Tech(1.23%),Cash Equivalent(0.56%) as on January 2023
The alpha ratio for the Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis 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 Reinvestment of Income Dis cum Cptl Wdrl | 2.8 | - | - |
As on January 2023
The alpha for Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis 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 Reinvestment of Income Dis 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 Reinvestment of Income Dis cum Cptl Wdrl | 0.99 | - | - |
As on January 2023
The Beta for Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis 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 Reinvestment of Income Dis 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 Reinvestment of Income Dis cum Cptl Wdrl | 0.09 | - | - |
As on January 2023
The sharpe ratio for Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis 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 Reinvestment of Income Dis 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 Reinvestment of Income Dis cum Cptl Wdrl | 19.45 | - | - |
As on January 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.
Gaurav Kochar is the fund manager of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl
The Exit load of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl is 1%
Mutual Fund execution provided by
Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801
Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.