Mirae Asset Banking and Financial Services Fund

Mirae Asset Banking and Financial Services Fund

Equity

Mirae Mutual Fund

Sector - Financial Services

Get the latest NAV of Mirae Asset Banking and Financial Services Fund. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.

₹21.69

▼-0.5%1D

NAV as on 20 Mar 2026

15.82%/per year

Since Inception

Absolute Gain%

▲▼

743 people have invested ₹ 1.1Cr in Mirae Asset Banking and Financial Services Fund in the last three months

Mirae Asset Banking and Financial Services Fund Performance vs. Nifty 500

Fund returns vs Benchmark returns vs Category Average returns as on (20-Mar-26)

The fund has consistently outperformed the benchmark (Nifty 500) over the last 1Y, 3Y, 5Y time periods.

Period
1M
3M
6M
1Y
3Y
5Y
This Fund
-10.95%
-7.78%
-2.1%
11.02%
18.45%
14.18%
Nifty 500
-8.57%
-10.38%
-8.51%
0.55%
13.94%
11.63%
Sector - Financial Services Avg
-11.5%
-8.05%
-2.14%
11.17%
15.62%
12.48%
Best in Sector - Financial Services
-7.53%
-6.21%
-1.36%
22.37%
21.51%
15.83%
Worst in Sector - Financial Services
-12.6%
-11.87%
-9.25%
1.83%
8.74%
10.49%
Category Rank
2/11
2/11
5/11
6/11
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Mirae Asset Banking and Financial Services Fund Ranking and Peer Comparison

Ranked based on performance, risk management and cost efficiency

2
/12
91% Performance
42% Risk Management
94% Cost

Ranked 2 out of 12 mutual funds in the sector - financial services category as per INDmoney.

Fund Name
INDmoney Rank
AUM (in Crs.)
Expense Ratio
1Y Returns
3Y Returns
3Y Alpha
3Y Beta
3Y Sharpe
3Y Sortino
3Y Info Ratio
Mirae Asset Banking and Financial Services Fund
2/12
2,272Cr
0.57%
11.02%
18.45%
4.48
0.97
1.14
2.48
0.88
SBI Banking & Financial Services Fund
1/12
10,725Cr
0.72%
11.61%
21.05%
7.88
0.83
1.49
3.27
1.31
Invesco India Financial Services Fund
3/12
1,650Cr
0.79%
10.92%
21.51%
8.25
0.82
1.39
2.73
1.03
Kotak Banking & Financial Services Fund
4/12
1,436Cr
0.68%
7.12%
15.84%
2.95
0.98
1.07
2.09
0.78
See all
Positive: Generated Consistent Returns
Generated Consistent Returns
Positive: Lower probablity of downside risk
Lower probablity of downside risk
Positive: Outperformed benchmarks during bull run
Outperformed benchmarks during bull run
Negative: No bad points found for this fund.
No bad points found for this fund.

Mirae Asset Banking and Financial Services Fund Returns Calculator

Calculate SIP and lumpsum returns based on historical performance

  • 1-time

  • SIP

Total Investment

0

Profit

Total Corpus

0

Absolute Return
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Mirae Asset Banking and Financial Services Fund Asset Allocation

See fund asset allocation details as on (14-Mar-26)

Fund Distribution

as on (14-Mar-26)

Large cap
64.5%
Small cap
16.2%
Mid cap
14.4%
Small Cap allocation has gone down from 16.4% to 16.2%
Small Cap allocation has gone down from 16.4% to 16.2%
Mid Cap allocation has gone up from 14.3% to 14.4%
Mid Cap allocation has gone up from 14.3% to 14.4%
Large Cap allocation has gone up from 64.3% to 64.5%
Large Cap allocation has gone up from 64.3% to 64.5%
Cash allocation has gone down from 5% to 4.9%
Cash allocation has gone down from 5% to 4.9%

Mirae Asset Banking and Financial Services Fund Sector Allocation

See fund sector allocation details as on (14-Mar-26)

Sector Allocation

Financial Services
99.4%
Tech
0.6%

Top 2 Sectors in February were Financial Services, Tech

Feb'26

Financial Services

98%

Tech

2%

Jan'26

Financial Services

98%

Tech

2%

Mirae Asset Banking and Financial Services Fund Holdings Details

as on (28-Feb-26)

Holdings
Weight%
1M Change
HDFC Bank Ltd
16.5%
0%
ICICI Bank Ltd
13.75%
0%
State Bank of India
10.43%
0%
Axis Bank Ltd
8.38%
0%
Kotak Mahindra Bank Ltd
3.96%
0%
See all
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 2.83% to 3.96%
Kotak Mahindra Bank Ltd's allocation increased from 2.83% to 3.96%
State Bank of India's allocation increased from 9.51% to 10.43%
State Bank of India's allocation increased from 9.51% to 10.43%
Central Depository Services (India) Ltd's allocation increased from 0.5% to 0.82%
Central Depository Services (India) Ltd's allocation increased from 0.5% to 0.82%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 17.57 % to 16.5 %
HDFC Bank Ltd's allocation decreased from 17.57 % to 16.5 %
Axis Bank Ltd's allocation decreased from 8.44 % to 8.38 %
Axis Bank Ltd's allocation decreased from 8.44 % to 8.38 %
Bajaj Finance Ltd's allocation decreased from 3.87 % to 3.36 %
Bajaj Finance Ltd's allocation decreased from 3.87 % to 3.36 %

Mirae Asset Banking and Financial Services Fund Overview

Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.

Expense ratio0.57%
Benchmark
Nifty Financial Services TR INR
AUM₹2272 Cr
Inception Date11 December, 2020
Min Lumpsum/SIP₹5,000/₹99
Exit Load
1.0%
Lock InNo Lock-in
TurnOver
32.45%
Risk
Risk meter
pointer
Very High Risk

About Mirae Asset Banking and Financial Services Fund

Mirae Asset Banking and Financial Services Fund is an equity fund. This fund was started on 11 December, 2020. The fund is managed by Abhijith Vara. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Mirae Asset Banking and Financial Services Fund has ₹2272 Cr worth of assets under management (AUM) as on Mar 2026 and is more than category average.
  2. The fund has an expense ratio 0.6.

Returns

Mirae Asset Banking and Financial Services Fund has given a CAGR return of 15.82% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 11.02%, 18.45% and 14.18% respectively.

Holdings

Mirae Asset Banking and Financial Services Fund has allocated its funds majorly in Cash Equivalent, Financial Services, Tech. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, Kotak Mahindra Bank Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

Investment objective of Mirae Asset Banking and Financial Services Fund

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 99.00. Mirae Asset Banking and Financial Services Fund has no lock in period.

Fund Manager

Abhijith Vara

Fund Manager of Mirae Asset Banking and Financial Services Fund, since 23 September 2025

Learn more about Mirae Mutual Fund
Parameters
Feb'26
Jan'26
Dec'25
AUM
₹ 2.3K Cr
₹ 2.2K Cr
₹ 2.2K Cr
  • AUM of the fund stands at 2.3K Cr as of Feb'26
  • AUM increased by 38.4 Cr between Feb'26 and Jan'26

Compare Mirae Asset Banking and Financial Services Fund

Mirae Asset Banking and Financial Services Fund

VS

ICICI Prudential Banking and Financial Services Fund

Frequently Asked Questions for Mirae Asset Banking and Financial Services Fund

How do I invest in Mirae Asset Banking and Financial Services Fund?

INDmoney makes it simple to invest in the Mirae Asset Banking and Financial Services Fund. To do so, follow the steps below:
  • Download the INDmoney app.
  • Search for ‘Mirae Asset Banking and Financial Services Fund’.
  • Select whether you want to invest in SIP or lump sum.
  • Enter the amount you wish to invest.
  • Set up payments via bank mandate or UPI.

What is the current NAV of Mirae Asset Banking and Financial Services Fund?

The NAV of the fund today is ₹21.69. NAV or Net Asset Value is the per unit price of a mutual fund. For example, if the NAV of a fund is ₹10, it means you can get 1000 units of that mutual fund at ₹10,000.

What is the return on the fund?

Mirae Asset Banking and Financial Services Fund fund has generated a return of 11.02% in 1 year, 18.45% in 3 years, 14.18% in 5 years.

Who is the fund manager of Mirae Asset Banking and Financial Services Fund?

The fund managers are Abhijith Vara.

What is the exit load of the fund?

The exit load is 1% if redeemed in 0-1 Years. Exit load is a fee levied for ‘exiting’ the fund earlier than a stipulated period, usually 1 year.

What is the expense ratio of the fund?

The expense ratio is 0.57%. The Expense Ratio is a fee charged for managing the fund. This includes commissions, administrative costs etc.

What is the AUM of the fund?

The AUM of the fund is ₹2272 Cr. AUM stands for Assets Under Management. It refers to the total assets managed by the fund.

What are the top holdings of Mirae Asset Banking and Financial Services Fund?

The top 3 holdings of the fund are HDFC Bank Ltd(16.5%), ICICI Bank Ltd(13.75%), State Bank of India(10.43%)