Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :
| 1 Year | 3 Year | 5 Year | 9 Year | |
| CAGR(%) | 0.69 | 9.77 | 10.01 | N/A |
| Average Rolling Returns(%) | 14.88 | 16.00 | 13.12 | N/A |
The Current NAV of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is ₹20.03.
You can consider SIP in Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth as it has consistently outperformed the benchmark and has a Somewhat Good quality portfolio. Funds returns likely to be fairly different than its benchmark Nifty Financial Services , as Funds portfolio is somewhat different.
Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth fund’s expense ratio is 1.73%
The process for redemption is
The AUM of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is currently ₹2,196 Crores.
The Top three stocks are HDFC Bank, ICICI Bank and State Bank Of India and account for 37% of its portfolio. Top 5 and 10 stocks of fund account for 49% and 65% of fund’s portfolio respectively.
Top three sectors of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth fund are BFSI, IT and Miscellaneous accounting for 100% of the total portfolio.
Funds Portfolio Quality is Somewhat Good. It has a large proportion of Green and Orange 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 - Regular Plan - Growth Fund is Equity - Sectoral Fund - Banks & Financial Service.
Abhijith Vara manages the Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth Fund.
Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth current PE ratio is 26.26 and PB ratio is 3.89
The asset allocation of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is Stocks : 97.89%, Debt : 2.08% and Gold : 0%
The minimum SIP amount for Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is ₹99.00 and minimum lumpsum is ₹5000.00
The exit load for Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is 1% on or before 30 days, NIL after 30 days
