Mirae Asset Banking and Financial Services Fund Regular Growth

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 for subscription
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 184.48 Cr As on (31-10-2024)
Turn over: 38
NAV as on 06-12-2024

19.279

0.01 (0.0519%)

CAGR Since Inception

17.89%

NIFTY Financial Services TRI 17.82%

PERFORMANCE of Mirae Asset Banking and Financial Services Fund Regular Growth

Scheme Performance (%) Data as on - 06-12-2024

1-Year Ret (%) 3-Yrs Ret (%) 5-Yrs Ret (%) 10-Yrs Ret (%) Since Launch Ret (%)
Mirae Asset Banking and Financial Services Fund Regular Growth 18.63 16.43 - - 17.89
NiftyFinancialServices TRI 18.66 13.03 12.77 13.57 17.82
Equity: Sectoral-Banking and Financial Services 19.31 16.52 13.77 12.37 17.57

Yearly Performance (%)

Nav Movement

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.

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

Growth of 10000 In SIP (Fund vs Benchmark)

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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

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

Period
Data as on - 06-12-2024
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 18.63 18.39 16.43 0.0 0.0
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 28.41 21.64 18.38 15.09 0.0
Invesco India Financial Services Fund - Retail Growth 14-07-2008 27.58 25.81 20.89 16.63 14.83
BANDHAN FINANCIAL SERVICES FUND - REGULAR PLAN - GROWTH 28-07-2023 27.15 0.0 0.0 0.0 0.0
Quant BFSI Fund - Growth Option - Regular Plan 05-06-2023 23.41 0.0 0.0 0.0 0.0
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 22.33 18.95 17.56 12.38 10.79
Kotak Banking & Financial Services Fund - Regular Plan - Growth 27-02-2023 20.62 0.0 0.0 0.0 0.0
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 20.31 17.35 16.06 12.24 10.06
ICICI Prudential Banking and Financial Services Fund - Growth 05-08-2008 18.16 16.54 15.08 12.83 12.98
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 17.86 19.74 19.6 15.62 12.83

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

Asset Allocation (%)

Mutual fund investments are subject to market risks. Please read the scheme information and other related documents carefully before investing. Past performance is not indicative of future returns. Please consider your specific investment requirements before choosing a fund, or designing a portfolio that suits your needs.

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BSE
Member Code: 32262
AMFI
ARN: 160300