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

Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl

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Equity
Direct
Sector - Financial Services

NAV: ₹ 13.7 as on 08-02-2023

Fund Performance
zero opening, trading, fund transfer fee
5 people have invested ₹ 17K in mutual fund in the last three months

Fund Performance as on (19-Jan-23)

Return
1M
3M
6M
1Y
This Fund
-2.2%
-0.8%
6.7%
7.4%
Benchmark
-2.3%
2.2%
9.6%
-0.5%
Category
-2.4%
-0.6%
9.9%
9.7%
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
Expense ratio
0.61%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹1277 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 as on (31-Dec-22)

  • Equity 99.4%
  • Debt & Cash 0.6%
Size breakup
Large cap
79.1%
Mid cap
10.8%
Small cap
9.5%

Sector Allocation

Dec'22

Nov'22

Oct'22

Financial Services

98.8%

Tech

1.2%

Top Holdings as on (31-Dec-22)

  • Equity
Equity Holdings26

What changed

in last one month
  • Scheme
  • Portfolio
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)

Fund
Dec'22
Nov'22
Oct'22
No of Holdings
26
29
28
Top 5 Company Concentration
64%
65.4%
65.8%
Company having highest exposure
HDFC Bank Ltd (20.2%)
HDFC Bank Ltd (19.9%)
HDFC Bank Ltd (19.3%)
No of Sectors
3
3
3
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (98.2%)
Financial Services (98.5%)
Financial Services (98.8%)

Winners & Losers as on (31-Dec-22)

Top Growth Drivers
1M Return
Shriram Finance Ltd
Shriram Finance Ltd
7%
Axis Bank Ltd
Axis Bank Ltd
3.3%

Fund Manager

Gaurav Kochar

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

Risk 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 15.43% since inception which is less than its category average return of 25.91%
Fund Allocations

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

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%

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%
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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%

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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.