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(%) | 29.06 | 15.13 | N/A | N/A |
Average Rolling Returns(%) | 15.81 | N/A | N/A | N/A |
The Current NAV of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is ₹17.14.
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. Funds returns are more likely to be different than its benchmark Nifty Financial Services - TRI returns, as Funds portfolio is significantly different.
Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan fund’s expense ratio is 0.61%
The process for redemption is
The AUM of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is currently ₹1,600 Crores.
The Top three stocks are ICICI Bank, HDFC Bank and SBI and account for 46% of its portfolio. Top 5 and 10 stocks of fund account for 59% and 74% of fund’s portfolio respectively.
Top three sectors of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan fund are BFSI, Miscellaneous and IT accounting for 101% 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 20.44 and PB ratio is 2.90
The asset allocation of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is Stocks : 97.42%, Debt : 2.62% and Gold : 0%
The minimum SIP amount for Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is ₹500.00 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