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(%) 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

  • 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 ₹1,600 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

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