Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Mirae Asset Banking and Financial Services Fund Direct IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 3/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 74/100 · Good
How this score is calculated
- Star rating (35%)3/5
- 3Y CAGR (30%)12.89%
- Expense ratio (20%)0.74%
- AUM (15%)₹2,306 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Mirae Asset Mutual Fund · Equity · Sectoral
₹23.43
AUM: ₹2,306 Cr
NAV updated 19 days ago
Plan
Direct
Option
Idcw
Risk
Very High
Expense Ratio
0.74%
Exit Load
Exit load of 1% if redeemed within 1 Month.
Fund Manager
Harshad Borawake
Inception
Dec 2020
Benchmark
NIFTY Financial Services Total Return Index
Sharpe Ratio
0.11
Std Dev (1Y)
16.2%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-0.6%
3m
+7.38%
6m
+1.43%
1y
+8.47%
3y
+12.89%
5y
+12.89%
10y
—
since inception
+15.86%
TopFund's Take on Mirae Asset Banking and Financial Services Fund Direct IDCW
Mirae Asset Banking and Financial Services Fund Direct IDCW holds up reasonably well within the Sectoral category, currently carrying a 3-star rating. It has delivered steady, if unspectacular, returns over a full market cycle. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 74/100.
Cost: At 0.74%, the expense ratio is meaningfully cheaper — about 25% below the Sectoral category average of 0.99% (based on 469 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.11 — returns have only marginally compensated for the risk taken. Separately, annualised volatility of 16.2% is fairly typical for Sectoral funds.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Asset Allocation
Fund Snapshot
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Tools & Guides for This Fund
Frequently Asked Questions about Mirae Asset Banking and Financial Services Fund Direct IDCW
The current NAV (Net Asset Value) of Mirae Asset Banking and Financial Services Fund Direct IDCW is ₹23.43. NAV is updated every business day after market close by AMFI.
1Y: 8.47% · 3Y CAGR: 12.89% · 5Y CAGR: 12.89%
The expense ratio of Mirae Asset Banking and Financial Services Fund Direct IDCW is 0.74% per annum. This is the annual fee charged by the fund to manage your investment.
Mirae Asset Banking and Financial Services Fund Direct IDCW is managed by Harshad Borawake at Mirae Asset Mutual Fund.
Mirae Asset Banking and Financial Services Fund Direct IDCW is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
Mirae Asset Banking and Financial Services Fund Direct IDCW is a Sectoral fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Mirae Asset Banking and Financial Services Fund Direct IDCW with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Mirae Asset Banking and Financial Services Fund Direct IDCW is ₹2,306 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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