MI
Mirae Asset Banking and Financial Services Fund Direct Growth
Latest NAV
+0.24% 1Y
Sign In to Add to Portfolio
Benchmark: Nifty Financial Services TRI
Expense ratio
0.72%
AUM
₹2,357 Cr
Min SIP
₹99
Min lump sum
₹5,000
1Y
+0.24%
3Y (ann.)
+11.16%
5Y (ann.)
+11.70%
Launched
Dec 2020
Where the NAV sits & how risky it is
₹22.11
52-week range
at 37%
₹22.11
Low 30 Mar 2026₹20.68
High 18 Feb 2026₹24.55
Risk level
Very High
Low
Very high
NAV history
14 Dec 2020
Since inception
01 Oct 2026
Returns by period
1W
-2.53%
1M
-6.50%
3M
-6.54%
6M
+4.74%
1Y
+0.24%
3Y
+11.16%
5Y
+11.70%
3Y and 5Y returns are annualised.
Return calculator
You invest
—
Est. gain
—
Est. value
—
Invested Gain
Invested
Projected value
min SIP ₹99
Estimate only. It assumes the selected past return repeats every year; 3Y and 5Y figures are taken as annualised. Actual returns vary and are not guaranteed.
Where your money goes
AS OF 31 MAY 2026
Equity 95.21%
Cash & other 4.79%
Sector split
Country split
Top 5 hold 50.1%
Top 10 hold 65.0%
33 equity holdings
Equity holdings
(top 30)
| # | Holding | Sector | Country | Weight | YTD |
|---|---|---|---|---|---|
| 1 | HDFC Bank
INE040A01034 |
Financial Services Banks - Regional |
India |
15.52%
|
-22.07% |
| 2 | ICICI Bank
INE090A01021 |
Financial Services Banks - Regional |
India |
13.26%
|
-0.16% |
| 3 | State Bank of India
INE062A01020 |
Financial Services Banks - Regional |
India |
8.86%
|
+5.32% |
| 4 | Axis Bank
INE238A01034 |
Financial Services Banks - Regional |
India |
8.54%
|
+6.85% |
| 5 | Kotak Bank
INE237A01036 |
Financial Services Banks - Regional |
India |
3.87%
|
-8.39% |
| 6 | SBI Life Insurance
INE123W01016 |
Financial Services Insurance - Life |
India |
3.38%
|
-16.03% |
| 7 | Bajaj Finance
INE296A01032 |
Financial Services Credit Services |
India |
3.24%
|
-6.94% |
| 8 | Aditya Birla Capital
INE674K01013 |
Financial Services Financial Conglomerates |
India |
2.87%
|
+0.11% |
| 9 | Federal Bank
INE171A01029 |
Financial Services Banks - Regional |
India |
2.86%
|
+18.20% |
| 10 | L&T Finance
INE498L01015 |
Financial Services Credit Services |
India |
2.64%
|
-11.79% |
About this scheme
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.
Fund manager(s): Abhijith Vara
Exit load: Exit load of 1% if redeemed within 1 Month.
Scheme snapshot
VR Rating
MS Rating
Plan
Growth
Type
DIRECT
Inception
11 Dec 2020
Lump-sum min
₹5,000
SIP
Purchase
Switch
STP
SWP
Similar schemes
RANKED BY 1Y RETURN
Nippon India Taiwan Equity Fund Direct Growth
1▲ 121.3 pts ahead of this fund
Franklin Asian Equity Fund Direct Growth
2▲ 33.2 pts ahead of this fund
Nippon India Japan Equity Fund - Direct Plan - Growth Plan - Bonus Option
3▲ 30.4 pts ahead of this fund
Nippon India Japan Equity Fund Direct Growth
4▲ 30.4 pts ahead of this fund
Bank of India Small Cap Fund Direct Growth
5▲ 29.0 pts ahead of this fund
TRUSTMF Small Cap Fund Direct Growth
6▲ 28.9 pts ahead of this fund