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Mirae Asset Banking and Financial Services Fund Regular Growth

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Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 11-12-2020
Asset Class: Equity
Benchmark: NIFTY Financial Services TRI
Expense Ratio: 2.05% As on (30-11-2024)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 1,844.8 Cr As on (31-10-2024)
Turn over: 38%
NAV as on 02-12-2024

18.831

0.04 (0.1965%)

CAGR Since Inception

17.25%

NIFTY Financial Services TRI 17.69%

PERFORMANCE of Mirae Asset Banking and Financial Services Fund Regular Growth

Scheme Performance (%)

Data as on - 02-12-2024

Yearly Performance (%)

Fund Managers

Gaurav Kochar

Investment Objective

The scheme seeks 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.

NAV & Lumpsum details( Invested amount 1,00,000)

Show All Monthly Lumpsum Returns
NAV Date NAV Units Market
Value		 Returns
(%)
11-12-2020 10.0 10000.0 100000 0.0 %
11-01-2021 10.67 - 106700 6.7 %
11-02-2021 11.556 - 115560 15.56 %
12-03-2021 11.506 - 115060 15.06 %
12-04-2021 10.258 - 102580 2.58 %
11-05-2021 11.003 - 110030 10.03 %
11-06-2021 11.663 - 116630 16.63 %
12-07-2021 11.755 - 117550 17.55 %
11-08-2021 12.005 - 120050 20.05 %
13-09-2021 12.528 - 125280 25.28 %
11-10-2021 12.841 - 128410 28.41 %
11-11-2021 13.082 - 130820 30.82 %
13-12-2021 12.585 - 125850 25.85 %
11-01-2022 12.895 - 128950 28.95 %
11-02-2022 12.625 - 126250 26.25 %
11-03-2022 11.457 - 114570 14.57 %
11-04-2022 12.416 - 124160 24.16 %
11-05-2022 11.239 - 112390 12.39 %
13-06-2022 10.889 - 108890 8.89 %
11-07-2022 11.636 - 116360 16.36 %
11-08-2022 12.74 - 127400 27.4 %
12-09-2022 13.142 - 131420 31.42 %
11-10-2022 12.391 - 123910 23.91 %
11-11-2022 13.435 - 134350 34.35 %
12-12-2022 13.847 - 138470 38.47 %
11-01-2023 13.481 - 134810 34.81 %
13-02-2023 13.161 - 131610 31.61 %
13-03-2023 12.671 - 126710 26.71 %
11-04-2023 13.153 - 131530 31.53 %
11-05-2023 13.818 - 138180 38.18 %
12-06-2023 14.27 - 142700 42.7 %
11-07-2023 14.814 - 148140 48.14 %
11-08-2023 15.106 - 151060 51.06 %
11-09-2023 15.706 - 157060 57.06 %
11-10-2023 15.463 - 154630 54.63 %
13-11-2023 15.353 - 153530 53.53 %
11-12-2023 16.392 - 163920 63.92 %
11-01-2024 16.556 - 165560 65.56 %
12-02-2024 16.122 - 161220 61.22 %
11-03-2024 16.531 - 165310 65.31 %
12-04-2024 16.942 - 169420 69.42 %
13-05-2024 16.833 - 168330 68.33 %
11-06-2024 17.698 - 176980 76.98 %
11-07-2024 18.831 - 188310 88.31 %
12-08-2024 18.193 - 181930 81.93 %
11-09-2024 18.58 - 185800 85.8 %
11-10-2024 18.75 - 187500 87.5 %
11-11-2024 18.738 - 187380 87.38 %
02-12-2024 18.831 - 188310 88.31 %

RETURNS CALCULATOR for Mirae Asset Banking and Financial Services Fund Regular Growth

Growth of 10000 In SIP (Fund vs Benchmark)

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Period :
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End :

Growth of 10000 In LUMPSUM (Fund vs Benchmark)

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Rolling Returns

Rolling returns are the annualized returns of the scheme taken for a specified period (rolling returns period) on every day/week/month and taken till the last day of the duration. In this chart we are showing the annualized returns over the rolling returns period on every day from the start date and comparing it with the benchmark. Rolling returns is the best measure of a fund's performance. Trailing returns have a recency bias and point to point returns are specific to the period in consideration. Rolling returns, on the other hand, measures the fund's absolute and relative performance across all timescales, without bias.

Riskometer

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Key Performance and Risk Statistics of Mirae Asset Banking and Financial Services Fund Regular Growth

Key Statistics Volatility Sharpe Ratio Alpha Beta Yield to Maturity Average Maturity
Mirae Asset Banking and Financial Services Fund Regular Growth 14.7 0.46 3.59 0.96 - -
Equity: Sectoral-Banking and Financial Services - - - - - -

PEER COMPARISION of Mirae Asset Banking and Financial Services Fund Regular Growth

Compare SIP Compare Lumpsum
Amount :
Start :
End :
Period
Data as on - 02-12-2024
Scheme Name Launch
Date		 1-Year
Ret (%)		 2-Yrs
Ret (%)		 3-Yrs
Ret (%)		 5-Yrs
Ret (%)		 10-Yrs
Ret (%)
Mirae Asset Banking and Financial Services Fund Regular Growth 11-12-2020 19.91 17.09 14.73 0.0 0.0
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 29.74 20.24 16.83 14.35 0.0
BANDHAN FINANCIAL SERVICES FUND - REGULAR PLAN - GROWTH 28-07-2023 27.08 0.0 0.0 0.0 0.0
Invesco India Financial Services Fund - Retail Growth 14-07-2008 26.72 23.72 18.66 15.69 14.58
Quant BFSI Fund - Growth Option - Regular Plan 05-06-2023 24.11 0.0 0.0 0.0 0.0
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 22.78 17.49 15.65 11.64 10.6
Kotak Banking & Financial Services Fund - Regular Plan - Growth 27-02-2023 21.54 0.0 0.0 0.0 0.0
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 20.73 15.87 14.25 11.21 9.92
ICICI Prudential Banking and Financial Services Fund - Growth 05-08-2008 19.03 15.09 13.54 11.97 12.92
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 18.72 13.2 13.62 12.04 10.61

PORTFOLIO ANALYSIS of Mirae Asset Banking and Financial Services Fund Regular Growth

Asset Allocation (%)

Allocation Percentage (%)

Market Cap Distribution

Small Cap

19.35%

Others

0.48%

Large Cap

64.04%

Mid Cap

16.14%

Total

100%