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Mutual FundsMirae Asset Banking and Financial Services Fund Direct - GrowthM
Mirae Asset Banking and Financial Services Fund Direct - Growth
90% Margin via Pledge 3 Year Absolute Returns
67.37%
NAV (₹) on 21 Aug 2025
22.1120
1 Day NAV Change
+0.09%4
Morningstar
3
Value Research
About Fund
Mirae Asset Banking and Financial Services Fund Direct - Growth is a Equity mutual fund scheme launched on 11 Dec 2020. Investors can begin their investment journey with a minimum SIP of ₹99 or a lumpsum investment of ₹5,000. The fund manages total assets worth ₹2,042.45 crores, and the current NAV stands at ₹22.1120 as of 21 Aug 2025. The fund has delivered absolute returns of 12.84% in the past 1 year. For the last 3 years the fund has delivered a CAGR of 18.73%. The expense ratio of the fund is 0.60%. From the funds total AUM, its top holdings include Triparty Repo at 0.36%, Syrma SGS at 0.28%, Laurus Labs at 0.26%, Anand Rathi Wealth at 0.26%, Bosch at 0.26%
NAV
NIFTY50
NAV
NIFTY50
2X
Investors doubled money in past NaN months.
CAGR: 18.73%
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Returns Calculator
Based on Annualised Returns
Investment Type
SIP Amount
Investment Period
3Y
₹ 18.95 L
3.50%
₹ NaN
0.00%
₹ 24.28 L
18.73%
Savings Account
Regular Funds
This Fund on Dhan
Total Investment
₹ 18,00,000
Returns
₹ 6,28,370 (34.91%)
Maturity Value
₹ 24,28,370
Disclaimer: Fixed deposits offer guaranteed returns. Mutual fund investments carry market risks; read all scheme-related documents carefully. Past performance does not guarantee future returns.
Direct vs Regular Returns
| This Fund | Exp. Ratio | 1M | 3M | 6M |
|---|---|---|---|---|
| Direct | 0.35% | -2.42% | 4.34% | 14.95% |
| Regular | 0.89% | -2.47% | 4.20% | 14.67% |
Returns Vs Nifty 50
| Name | 1 Month | 3 Month | 6 Month | 1 Year | 3 Year |
|---|---|---|---|---|---|
| This Fund | -0.81% | 3.30% | 17.67% | 12.84% | 67.37% |
| Nifty 50 | -0.03% | 1.09% | 10.04% | 1.27% | 43.41% |
*The above table contains absolute returns.
Historical Returns
Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
2025 | -7.43% | -10.36% | 8.43% | 2.90% | 8.75% | 3.48% | -2.46% | 1.98% | NA | NA | NA | NA |
2024 | NA | NA | NA | NA | NA | NA | NA | NA | 0.86% | -6.25% | 0.40% | -1.17% |
Start SIP with as Low as ₹100.
Historical NAV
High : 9.4668
Low : 9.1945
Day  | NAV (in ₹) | Change (in ₹) | Change (in %) |
|---|---|---|---|
| 20 Aug 2025 | 9.4668 | 0.0379 | 0.40% |
| 19 Aug 2025 | 9.4289 | 0.0850 | 0.91% |
| 18 Aug 2025 | 9.3439 | 0.1241 | 1.35% |
| 14 Aug 2025 | 9.2198 | -0.0294 | -0.32%  |
| 13 Aug 2025 | 9.2492 | 0.0547 | 0.60% |
| 12 Aug 2025 | 9.1945 | -0.0052 | -0.06% |
Total 6 results
Download CSVHistorical AUM
2025
2024
| Parameters | Jan | Feb | Mar | Apr | May | Jun | Jul |
|---|---|---|---|---|---|---|---|
| AUM (in Cr.) | 390 | 349 | 376 | 392 | 412 | 458 | 455 |
| Change | -22 | -41 | 27 | 16 | 20 | 46 | -2 |
| Change % | -5.38% | -10.5% | 7.61% | 4.37% | 5.05% | 11.1% | -0.46% |
Asset Allocation
AUM
₹2,042.45 Cr
Cash Holding
0.21%
Equity
99.79%
Cash
0.21%
Debt
0.00%
Other
0.00%
Sector Holdings
as of 31 Jul 2025
| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Industrials | 19.93% | ||
| Financial Services | 17.72% | ||
| Basic Materials | 12.65% | ||
| Consumer Cyclical | 12.52% | ||
| Healthcare | 11.02% | ||
| Technology | 7.55% | ||
| Consumer Defensive | 5.94% | ||
| Utilities | 4.40% | ||
| Communication Services | 3.23% | ||
| Energy | 2.78% | ||
| Real Estate | 2.02% | ||
| Other | 0.24% |
Stock Holdings
as of 31 Jul 2025
Fund Comparison
Sorted highest to lowest: 3Y Returns
1Y Returns
12.84%
3Y Returns
18.73%
5Y Returns
-
1Y Returns
-1.98%
3Y Returns
25.99%
5Y Returns
-
1Y Returns
-2.23%
3Y Returns
25.82%
5Y Returns
-
1Y Returns
0.23%
3Y Returns
24.79%
5Y Returns
-
1Y Returns
23.02%
3Y Returns
24.55%
5Y Returns
-
1Y Returns
-3.55%
3Y Returns
23.82%
5Y Returns
28.61%
Fund Details
52W High NAV
₹ 22.6270
Min. SIP Amount
₹ 99.00
Min. Lumpsum Amount
₹ 5,000.00
AUM (in Cr.)
₹ 2,042.45
Expense Ratio
0.60%
Lock-in Period
No Lock in Period
52W Low NAV
₹ 18.3120
Inception Date
11 Dec 2020
Fund Age
4 Yrs
Benchmark
Nifty Financial Services TRI
Scheme Type
Open Ended
Stamp Duty
0.005% (from July 1st 2020)
Exit Load
- 1.00% If Units Redeemed Or Switched Out Within 1 Year From The Date Of Allotment.
Tax Implication
- If you redeem within 1 year, STCG are taxed at 20%; If you redeem after 1 year, and returns exceed ₹1.25 Lakhs in a financial year, LTCG are taxed at 12.5%
Fund Managers
Name
Harshad Borawake
Qualification
MBA (Finance), B.E. (Polymers)
Fund Objective
The investment objective of the scheme is 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. The Scheme does not guarantee or assure any returns.
Risk-O-Meter
Investors understand that their principal will be at
Very High Risk
Risk Scale
Low
Moderately Low
Moderate
Moderately High
High
Very High
AMC Information
Mirae Asset Mutual Fund
Funds Managed
47
Assets Managed (₹ Cr)
₹ 1,93,905.22
Contact Details
Registered Address
Unit 606,6th Flr,WindsorOff. CST Road,Kalina,Santacruz(E),Mumbai-400098
Top Funds from Mirae Asset Mutual Fund
Long Term Returns
Short Term Returns
Overview
Name | 1Y Returns | 3Y Returns | 5Y Returns |
|---|---|---|---|
| -14.76% | 18.31% | - | |
| -7.61% | 16.74% | 20.10% | |
| 2.46% | 13.18% | 18.39% | |
| 2.40% | 13.16% | 18.34% | |
| 2.42% | 13.15% | 18.34% | |
| 2.41% | 13.13% | 18.33% | |
| 2.26% | 12.24% | 17.57% | |
| 8.56% | 7.54% | - | |
| 7.98% | 7.30% | - | |
| 7.97% | 7.24% | - |
Sorted highest to lowest: 3Y Returns
1Y Returns
-14.76%
3Y Returns
18.31%
5Y Returns
-
1Y Returns
-7.61%
3Y Returns
16.74%
5Y Returns
20.10%
1Y Returns
2.46%
3Y Returns
13.18%
5Y Returns
18.39%
1Y Returns
2.40%
3Y Returns
13.16%
5Y Returns
18.34%
1Y Returns
2.42%
3Y Returns
13.15%
5Y Returns
18.34%
1Y Returns
2.41%
3Y Returns
13.13%
5Y Returns
18.33%
1Y Returns
2.26%
3Y Returns
12.24%
5Y Returns
17.57%
1Y Returns
8.56%
3Y Returns
7.54%
5Y Returns
-
1Y Returns
7.98%
3Y Returns
7.30%
5Y Returns
-
1Y Returns
7.97%
3Y Returns
7.24%
5Y Returns
-
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View AllFAQs
When was Mirae Asset Banking and Financial Services Fund launched?
Mirae Asset Banking and Financial Services Fund was launched on 11 Dec 2020.
What is the current NAV of Mirae Asset Banking and Financial Services Fund?
The current NAV of Mirae Asset Banking and Financial Services Fund is ₹22.1120 as of 21 Aug 2025.
What is the AUM of Mirae Asset Banking and Financial Services Fund?
The latest value of AUM of Mirae Asset Banking and Financial Services Fund is ₹2,042.45 crores as of 21 Aug 2025.
What is the rate of return of Mirae Asset Banking and Financial Services Fund?
The return on investment of Mirae Asset Banking and Financial Services Fund is:
- In the past 1Y: 12.84%
- In the past 3Y: 18.73%
- In the past 5Y: 0.00%
What is the expense ratio of Mirae Asset Banking and Financial Services Fund?
The expense ratio of Mirae Asset Banking and Financial Services Fund is 0.60%.
What is exit load of Mirae Asset Banking and Financial Services Fund?
The exit load of Mirae Asset Banking and Financial Services Fund is as follows:
1.00% If Units Redeemed Or Switched Out Within 1 Year From The Date Of Allotment.|nil
What is the portfolio of Mirae Asset Banking and Financial Services Fund?
The portfolio of Mirae Asset Banking and Financial Services Fund includes:
Top 3 sectoral holdings include:
- Syrma SGS: 0.28%
- Laurus Labs: 0.26%
- Anand Rathi Wealth: 0.26%
- Bosch: 0.26%
- Sumitomo Chemical: 0.26%
Top 3 sectoral holdings include:
- Industrials: 19.93%
- Financial Services: 17.72%
- Basic Materials: 12.65%
How risky is investing in Mirae Asset Banking and Financial Services Fund?
On the risk scale of Low, Moderately Low, Moderate, Moderately High, High and Very High, the risk-o-meter of Mirae Asset Banking and Financial Services Fund is Very High.
Who is the fund manager Mirae Asset Banking and Financial Services Fund?
The fund manager of Mirae Asset Banking and Financial Services Fund is Harshad Borawake.
What is the minimum investment required in Mirae Asset Banking and Financial Services Fund?
If you wish to invest in Mirae Asset Banking and Financial Services Fund, the minimum SIP amount is ₹99 and Lumpsum is ₹5,000.
How to invest in Mirae Asset Banking and Financial Services Fund directly?
You can easily invest in mutual funds at 0% commission on Dhan. Here's how you can directly invest in Mirae Asset Banking and Financial Services Fund:
- Open Demat Account on Dhan if you don't have one.
- Analyze the fund performance.
- Invest via SIP or Lumpsum.
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