Mirae Asset Banking and Financial Services Fund
- NAV as on 25 Sep 2026
- ₹20.73-0.07%1 day
- Return since launch
- 13.4%
- 52-week range
- ₹19.04 — ₹22.64
- AUM
- ₹2,357 Cr
Mirae Asset Banking and Financial Services Fund is a Sectoral-Banking equity fund from Mirae Asset Mutual Fund with ₹2,357 Cr under management, launched in 2020. Over three years it has returned 6.3% a year, against 10.8% for its category. The expense ratio is 2.11% and the SEBI riskometer reading is Very High.
Performance
Mirae Asset Banking and Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +3.2% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -4.8% | −8.2 pts | 3.4% | -3.7% |
| 2Y | 2.8% | +0.4 pts | 2.4% | 2.0% |
| 3Y | 6.3% | −4.6 pts | 10.8% | 4.8% |
| 5Y | 10.7% | +1.0 pts | 9.6% | 9.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -5.2% | −0.1 pts | -5.0% | -3.9% |
| 3M | -3.7% | −0.2 pts | -3.5% | -3.4% |
| 6M | 5.4% | −1.9 pts | 7.4% | 7.3% |
| 1Y | 3.2% | −0.2 pts | 3.4% | 2.0% |
| 2Y | 2.6% | +1.2 pts | 1.4% | 1.2% |
| 3Y | 10.6% | −0.2 pts | 10.8% | 9.3% |
| 5Y | 10.1% | +0.4 pts | 9.6% | 8.7% |
Since launch (25 Nov 2020): 13.4%
Calendar-year returns
Category averageShow as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 19.3% | +0.7 pts | 18.6% |
| 2024 | 11.5% | −0.4 pts | 12.0% |
| 2023 | 21.0% | −0.5 pts | 21.4% |
| 2022 | 13.0% | −3.5 pts | 16.5% |
| 2021 | 17.1% | +0.7 pts | 16.4% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.15%
Expense ratio as on 25 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.73%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- Exit load
- Exit load of 1% if redeemed within 1 Month.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.86 | 6.55 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.97 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.50 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.70 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 15.61 | 16.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
Mirae Asset Banking and Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity96.0%
- Other4.0%
Market cap split
- Large60.3%
- Mid17.7%
- Small21.9%
- P/E
- 18.56
- P/B
- 2.40
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 13.98% | ₹329 Cr | +13.26% | +13.75% | +17.12% |
| HDFC Bank Ltd. | Financial | 13.46% | ₹317 Cr | +15.52% | +16.50% | +27.19% |
| State Bank of India | Financial | 8.87% | ₹209 Cr | +8.86% | +10.43% | +8.02% |
| Axis Bank Ltd. | Financial | 7.86% | ₹185 Cr | +8.54% | +8.38% | +7.28% |
| Kotak Mahindra Bank Ltd. | Financial | 4.21% | ₹99.19 Cr | +3.87% | +3.96% | +2.94% |
| Others | Others | 3.97% | ₹93.66 Cr | +1.53% | -0.46% | +0.18% |
| Bajaj Finance Ltd. | Financial | 3.43% | ₹80.91 Cr | +3.24% | +3.36% | +3.01% |
| L&T Finance Ltd. | Financial | 3.04% | ₹71.58 Cr | +2.64% | +2.47% | +1.89% |
| SBI Life Insurance Company Ltd. | Insurance | 2.93% | ₹68.97 Cr | +3.38% | +3.37% | +2.94% |
| KFin Technologies Ltd. | Financial | 2.91% | ₹68.54 Cr | +1.54% | +1.27% | +0.55% |
| HDB Financial Services Ltd. | Financial | 2.66% | ₹62.72 Cr | +1.98% | +1.73% | +1.97% |
| Aditya Birla Capital Ltd. | Financial | 2.63% | ₹62.00 Cr | +2.87% | +2.57% | +2.74% |
| Karur Vysya Bank Ltd. | Financial | 2.62% | ₹61.69 Cr | +2.39% | +2.86% | +2.02% |
| Multi Commodity Exchange Of India Ltd. | Services | 2.55% | ₹60.04 Cr | +1.27% | +1.50% | +1.04% |
| Shriram Finance Ltd | Financial | 2.21% | ₹52.19 Cr | +2.07% | +2.23% | +1.81% |
| The Federal Bank Ltd. | Financial | 2.12% | ₹49.90 Cr | +2.86% | +2.80% | +1.48% |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 2.09% | ₹49.27 Cr | +2.03% | +1.99% | — |
| Equitas Small Finance Bank Ltd. | Financial | 2.01% | ₹47.32 Cr | +1.51% | +1.31% | +1.18% |
| Crisil Ltd. | Services | 1.95% | ₹45.90 Cr | +0.96% | — | — |
| Home First Finance Company India Ltd. | Financial | 1.85% | ₹43.67 Cr | +1.61% | +1.07% | — |
| Central Depository Services (India) Ltd. | Financial | 1.78% | ₹42.00 Cr | +1.45% | +0.82% | — |
| DCB Bank Ltd. | Financial | 1.75% | ₹41.26 Cr | +1.54% | +1.54% | +2.14% |
| Indusind Bank Ltd. | Financial | 1.65% | ₹38.98 Cr | +1.02% | +0.81% | +0.72% |
| PB Fintech Ltd. | Services | 1.51% | ₹35.56 Cr | +1.62% | +0.23% | — |
| Pine Labs Ltd. | Financial | 1.40% | ₹32.97 Cr | +0.68% | +0.85% | — |
| Care Ratings Ltd. | Services | 1.28% | ₹30.14 Cr | +1.31% | +1.24% | +1.35% |
| Go Digit General Insurance Ltd. | Insurance | 1.16% | ₹27.24 Cr | +1.51% | +1.56% | +1.56% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.98% | ₹23.05 Cr | +1.46% | +0.91% | — |
| General Insurance Corporation of India | Insurance | 0.89% | ₹20.86 Cr | +1.04% | +0.99% | +1.08% |
| company:20678 | Financial | 0.25% | ₹5.94 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Multi Commodity Exchange Of India Ltd. | 0.91% | 2.55% | +1.64% |
| Power Finance Corporation Ltd. | 1.29% | 0.00% | -1.29% |
| HDFC Bank Ltd. | 14.51% | 13.46% | -1.05% |
| PB Fintech Ltd. | 2.43% | 1.51% | -0.92% |
| KFin Technologies Ltd. | 1.99% | 2.91% | +0.91% |
| The Federal Bank Ltd. | 2.76% | 2.12% | -0.64% |
| Aditya Birla Capital Ltd. | 3.18% | 2.63% | -0.55% |
| Aadhar Housing Finance Ltd | 0.53% | 0.00% | -0.53% |
| HDB Financial Services Ltd. | 2.29% | 2.66% | +0.37% |
| Bajaj Finance Ltd. | 3.79% | 3.43% | -0.35% |
| Cholamandalam Financial Holdings Ltd. | 0.32% | 0.00% | -0.32% |
| BSE Ltd. | 0.32% | 0.00% | -0.32% |
| SBI Life Insurance Company Ltd. | 3.23% | 2.93% | -0.31% |
| Axis Bank Ltd. | 7.60% | 7.86% | +0.26% |
| company:20678 | 0.00% | 0.25% | +0.25% |
| DCB Bank Ltd. | 1.53% | 1.75% | +0.22% |
| Kotak Mahindra Bank Ltd. | 4.00% | 4.21% | +0.21% |
| Pine Labs Ltd. | 1.21% | 1.40% | +0.19% |
| Crisil Ltd. | 1.80% | 1.95% | +0.15% |
| Others | 0.03% | -0.10% | -0.14% |
| ICICI Bank Ltd. | 14.10% | 13.98% | -0.12% |
| Canara HSBC Life Insurance Company Ltd. | 2.00% | 2.09% | +0.09% |
| State Bank of India | 8.79% | 8.87% | +0.08% |
| Shriram Finance Ltd | 2.13% | 2.21% | +0.08% |
| Home First Finance Company India Ltd. | 1.93% | 1.85% | -0.08% |
| Equitas Small Finance Bank Ltd. | 2.09% | 2.01% | -0.08% |
| Central Depository Services (India) Ltd. | 1.73% | 1.78% | +0.05% |
| Billionbrains Garage Ventures Ltd. | 1.01% | 0.98% | -0.03% |
| Indusind Bank Ltd. | 1.68% | 1.65% | -0.03% |
| L&T Finance Ltd. | 3.01% | 3.04% | +0.03% |
| General Insurance Corporation of India | 0.91% | 0.89% | -0.02% |
| Karur Vysya Bank Ltd. | 2.64% | 2.62% | -0.02% |
| Care Ratings Ltd. | 1.29% | 1.28% | -0.01% |
| Go Digit General Insurance Ltd. | 1.17% | 1.16% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -0.6% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -7.2% | 6.8% | 11.6% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.19% | -3.1% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -2.7% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.7% | 15.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -4.7% | 8.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
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.
Fund managers
- Abhijith VaraPGDM (IIM Kozhikode ), B.Tech(Elec. Engg, IIT Madras)Prior to joining the Miraem Asset MF, he was associated with Axis AMC, Unifi Capital, Sundaram AMC,
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.42% absolute | ₹60,000 | ₹63,252 | 5.42% | |
| 1 year3.21% annualised | ₹1,20,000 | ₹1,22,107 | 1.76% | |
| 3 years10.63% annualised | ₹3,60,000 | ₹4,25,581 | 18.22% | |
| 5 years10.06% annualised | ₹6,00,000 | ₹7,82,102 | 30.35% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.