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

What If You Invested in Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl

1-time
Monthly SIP

₹1L

10L

This Fund's Returns

Profit (Absolute Return)

Fund Name

Expenses

CAGR Returns

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

Q: What are the average returns of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund ?

The return since inception of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl is 25.63%.

Q: What is the current NAV of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

The NAV for the fund as on 02-Dec-2021 is 12.563

Q: How do I invest in Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

- Download the INDmoney app - Create your profile - Select any best equity fund from our catalogue - Choose between Starting a SIP or One time lump sum - Complete the payment process

Q: What is the expense ratio of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl fund?

The expense ratio of this fund is 0.61 %

Q: What is the worth of total assets under management (AUM) of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl fund ?

The AUM for the fund as on 02-Dec-2021 is 834 Cr

Q: What are the top holdings of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

The top holdings include HDFC Bank Ltd 19.88% ICICI Bank Ltd 17.39% State Bank of India 10.01% Housing Development Finance Corp Ltd 8.79% Axis Bank Ltd 8.46%

Q: What are the top sectors Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund has invested in?

The fund has majorly invested in Cash Equivalent 100% Financial Services 100%

Equity

Direct

Very High Risk

Sector - Financial Services

NAV: ₹ 12.6 as on 01-12-2021

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 Harshad Borawake, 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 12.563 as on 02-Dec-2021.

2) Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl has 834 Cr worth of assets under management (AUM) as on 02-Dec-2021 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	₹834 Cr
Inception Date	11 December, 2020
Min Lumpsum/SIP	₹5000/₹1000
	Exit Load	1%
Lock In	No Lock-in
	TurnOver	3.82%

Fund Distribution

Equity 96.3%
Debt & Cash 3.7%

Size breakup

Large cap

86.8%

Mid cap

12.71%

Small cap

0.49%

Sector Allocation

Top Holdings

All
Equity
Debt & Cash

Total Holdings20

Equity Holdings20

Debt Holdings2

HDFC Bank Ltd	19.9%
ICICI Bank Ltd	17.4%
State Bank of India	10%
Housing Development Finance Corp Ltd	8.8%
Axis Bank Ltd	8.5%
Kotak Mahindra Bank Ltd	4.8%
The Federal Bank Ltd	4.3%
SBI Life Insurance Company Limited	3.4%

See all

Fund Highlights

About the fund

This fund has delivered an average annual returns of 25.6% since inception which is more than its category average return of 12.23%

Fund Allocations

This fund has an allocation of 96.3% in Equity, 0% in Debt and 3.7% in Cash related instruments

AUM size ₹834 Cr

This fund has AUM of ₹834 Cr which is less than its category average of ₹ 1312 Cr

Expense Ratio 0.61%

This fund has an expense ratio of 0.61% which is less than its category average expense ratio of 1.67%

AMC details

Fund House

Mirae Asset Investment Managers (India) Private Limited

Phone

+912267800300

Address

India

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Frequently Asked Questions

What are the average returns of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund ?

What is the current NAV of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

How do I invest in Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

What is the expense ratio of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl fund?

What is the worth of total assets under management (AUM) of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl fund ?

What are the top holdings of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

What are the top sectors Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund has invested in?

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

NAV: ₹ 12.6 as on 01-12-2021

Fund Overview

Fund Distribution

Top Holdings

Fund Highlights

Fund Manager

About the fund

Fund Allocations

AUM size ₹834 Cr

Expense Ratio 0.61%

AMC details

Similar Funds

What are the average returns of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund ?

What is the current NAV of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

How do I invest in Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

What is the expense ratio of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl fund?

What is the worth of total assets under management (AUM) of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl fund ?

What are the top holdings of Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund?

What are the top sectors Mirae Asset Banking and Financial Services Fund Direct Reinvestment of Income Dis cum Cptl Wdrl Fund has invested in?