FAQ : Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan

Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

1 Year 3 Year 5 Year 9 Year
CAGR(%) 8.67 12.21 N/A N/A
Average Rolling Returns(%) 16.95 15.57 N/A N/A

The Current NAV of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is ₹18.55.

It is better to invest in a fund with a longer track record as Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan cannot be assessed for consistency of out-performance. However, funds returns unlikely to be different than its benchmark Nifty Financial Services, as the Funds portfolio is similar to its benchmark.

Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan fund’s expense ratio is 0.58%

The process for redemption is

  • Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
  • You will get information about the redemption and the NAV at which redeemed.
  • The amount will be deposited in the designated bank account.

The AUM of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is currently ₹1,736 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and SBI and account for 42% of its portfolio. Top 5 and 10 stocks of fund account for 54% and 71% of fund’s portfolio respectively.

Top three sectors of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan fund are BFSI, IT and Miscellaneous accounting for 100% of the total portfolio.

Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Sectoral Fund - Banks & Financial Service it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.

The category of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan Fund is Equity - Sectoral Fund - Banks & Financial Service.

Gaurav Kochar manages the Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan Fund.

Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan current PE ratio is 21.80 and PB ratio is 2.99

The asset allocation of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is Stocks : 99.32%, Debt : 0.69% and Gold : 0%

The minimum SIP amount for Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is ₹99.00 and minimum lumpsum is ₹5000.00

The exit load for Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is 1% on or before 1 year, Nil after 1 year

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