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Mirae Asset Banking And Financial Services Fund Direct-growth
Equity
Large Cap
Very High Risk
Latest AUM
₹ 1,975.4 Cr.
NAV as on 24 jul, 2026
₹ 23.16
+20.58%
3 years annulised
This Fund
Fund Details
Fund Names
Mirae Asset Banking And Financial Services Fund Direct-growth
Inception Date
11 Dec 2020
Lock In
No Lock-in
Risk
Principal at very high risk
Category Average Annual Returns
10.43
Portfolio Composition Analysis
Equity
97.51%
Cash
2.49%
Portfolio Updated on: 13 Jul, 2026
Sector Allocations
Equity
Financial
Industrials
Portfolio Updated on: 24 jul, 2026
Top 10 Holdings
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 25.60% |
| HDFC Bank Ltd | Financial | Equity | 26.16% |
| HDFC Bank Ltd | Financial | Equity | 26.16% |
| HDFC Bank Ltd | Financial | Equity | 27.19% |
| HDFC Bank Ltd | Financial | Equity | 26.65% |
| HDFC Bank Ltd | Financial | Equity | 23.69% |
| HDFC Bank Ltd | Financial | Equity | 17.57% |
| HDFC Bank Ltd | Financial | Equity | 16.50% |
| HDFC Bank Ltd | Financial | Equity | 1.00% |
| HDFC Bank Ltd | Financial | Equity | 1.00% |
Debt & Credit Risk Analysis
| Alpha | 6.90% |
| Beta | 0.91% |
| Sharpe Ratio | 0.63% |
| Standard Deviation | 15.31% |
Returns Analysis
| Tenure | Absolute | Annualised | Category Average |
|---|---|---|---|
| 3 Months | 0.83% | NA | 2.31% |
| 6 Months | -0.64% | NA | 15.50% |
| 9 Months | 0.58% | NA | 10.67% |
| 1 Year | 3.03% | 3.03% | 10.43% |
| 2 Years | 17.40% | 8.35% | 18.38% |
| 3 Years | 43.41% | 12.77% | 17.78% |
| 5 Years | 94.83% | 14.27% | 22.24% |
Mirae Asset Banking And Financial Services Fund Direct-growth is one Equity mutual fund offered by Mirae Asset Mutual Fund. Launched on 11 Dec 2020, the fund aims To generate long term capital appreciation. Investment predominatly in equity and equity related securities of companies in banking and financial services sector in India. It manages assets worth ₹1,975.4 crore as on Tue Mar 31, 2026. The expense ratio stands at 0.61%.
Harshad Borawake has experience Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Top Performing Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Nippon India Etf Nifty Psu Bank Bees | 3,670.4 | -3.28% | -4.79% | -4.58% | +17.40% | +22.44% | +28.58% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,148.2 | -3.29% | -4.81% | -4.59% | +17.37% | +22.44% | +28.54% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,148.2 | -3.29% | -4.81% | -4.59% | +17.37% | +22.44% | +28.54% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,148.2 | -3.29% | -4.81% | -4.59% | +17.37% | +22.44% | +28.54% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,148.2 | -3.29% | -4.81% | -4.59% | +17.37% | +22.44% | +28.54% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,148.2 | -3.29% | -4.81% | -4.59% | +17.37% | +22.44% | +28.54% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,148.2 | -3.29% | -4.81% | -4.59% | +17.37% | +22.44% | +28.54% |
| Kotak Nifty Psu Bank Exchange Traded Fund | 2,148.2 | -3.29% | -4.81% | -4.59% | +17.37% | +22.44% | +28.54% |
| Invesco India Financial Services Fund Direct-growth | 1,480.5 | -1.43% | +2.33% | +3.25% | +5.31% | +17.90% | +15.68% |
| Invesco India Financial Services Fund Direct-idcw | 1,480.5 | -1.43% | +2.33% | +3.25% | +5.31% | +17.90% | +15.68% |
growth is based on 1-month returns of the funds & Top fund are based on 3Y Returns
More Funds from Mirae Asset Mutual Fund
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| Mirae Asset Banking And Financial Services Fund Regular-growth | 1,975.4 | -1.46% | +0.47% | -1.35% | +1.55% | +11.15% | +12.55% |
| Mirae Asset Banking And Financial Services Fund Regular-idcw | 1,975.4 | -1.46% | +0.47% | -1.35% | +1.55% | +11.15% | +12.55% |
| Mirae Asset Banking And Financial Services Fund Direct-idcw | 1,975.4 | -1.35% | +0.83% | -0.64% | +3.03% | +12.77% | +14.27% |
| Mirae Asset Nifty Financial Services Etf-growth | 391.5 | -2.98% | -0.33% | -2.81% | -3.40% | +8.98% | — |
| Mirae Asset Nifty Bank Etf-growth | 269.2 | -2.48% | +1.52% | -2.65% | -0.01% | +7.99% | — |
| Mirae Asset Nifty Psu Bank Etf-growth | 53.5 | -3.27% | -4.74% | -4.46% | +17.75% | — | — |
growth is based on 1-month returns of the funds
Top Mutual Funds
| Fund name | |||||||
|---|---|---|---|---|---|---|---|
| SBI Banking & Financial Services Fund Direct-growth | 9,379.9 | -2.65% | -0.47% | -3.33% | +1.31% | +15.27% | +13.65% |
| SBI Banking & Financial Services Fund Regular-growth | 9,379.9 | -2.73% | -0.71% | -3.81% | +0.29% | +14.05% | +12.40% |
| SBI Banking & Financial Services Fund Regular-idcw | 9,379.9 | -2.73% | -0.71% | -3.81% | +0.29% | +14.05% | +12.40% |
| SBI Banking & Financial Services Fund Direct-idcw | 9,379.9 | -2.65% | -0.47% | -3.33% | +1.31% | +15.27% | +13.65% |
| ICICI Prudential Banking And Financial Services Direct Plan-growth | 9,366.8 | -2.20% | +0.53% | -2.80% | -3.47% | +9.62% | +10.30% |
| ICICI Prudential Banking And Financial Services-growth | 9,366.8 | -2.26% | +0.34% | -3.17% | -4.21% | +8.76% | +9.40% |
| ICICI Prudential Banking And Financial Services-idcw | 9,366.8 | -2.26% | +0.34% | -3.17% | -4.21% | +8.76% | +9.40% |
| ICICI Prudential Banking And Financial Services Direct Plan-idcw | 9,366.8 | -2.20% | +0.53% | -2.80% | -3.47% | +9.62% | +10.30% |
| Nippon India Etf Nifty Bank Bees | 7,162.3 | -2.49% | +1.50% | -2.71% | -0.12% | +7.90% | +10.72% |
| Nippon India Banking & Financial Services Fund-growth | 6,721.0 | -2.17% | +0.41% | -1.26% | -0.60% | +11.49% | +13.29% |
Top funds are based on Fund AUM
Top Equity Funds
| Fund name | ||||
|---|---|---|---|---|
| Nippon India Etf Nifty Psu Bank Bees | ₹93.29 | +22.44% | +28.58% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹83.61 | +22.44% | +28.54% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹83.61 | +22.44% | +28.54% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹83.61 | +22.44% | +28.54% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹83.61 | +22.44% | +28.54% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹83.61 | +22.44% | +28.54% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹83.61 | +22.44% | +28.54% | — |
| Kotak Nifty Psu Bank Exchange Traded Fund | ₹83.61 | +22.44% | +28.54% | — |
| Invesco India Financial Services Fund Direct-growth | ₹176.57 | +17.90% | +15.68% | — |
| Invesco India Financial Services Fund Direct-idcw | ₹90.88 | +17.90% | +15.68% | — |
growth is based on 5Y returns of the funds
Historical NAV
| Date | NAV |
|---|---|
| 24 Jul 2026 | ₹23.16 |
| 23 Jul 2026 | ₹23.28 |
| 22 Jul 2026 | ₹23.47 |
| 21 Jul 2026 | ₹23.75 |
| 20 Jul 2026 | ₹23.68 |
| 17 Jul 2026 | ₹23.94 |
| 16 Jul 2026 | ₹23.65 |
| 15 Jul 2026 | ₹23.82 |
| 14 Jul 2026 | ₹23.62 |
| 13 Jul 2026 | ₹23.91 |
| 10 Jul 2026 | ₹23.81 |
| 09 Jul 2026 | ₹23.46 |
| 08 Jul 2026 | ₹23.26 |
| 07 Jul 2026 | ₹23.84 |
| 06 Jul 2026 | ₹23.88 |
| 03 Jul 2026 | ₹23.73 |
| 02 Jul 2026 | ₹23.73 |
| 01 Jul 2026 | ₹23.66 |
| 30 Jun 2026 | ₹23.45 |
| 29 Jun 2026 | ₹23.46 |
| 25 Jun 2026 | ₹23.51 |
| 24 Jun 2026 | ₹23.48 |
| 23 Jun 2026 | ₹23.14 |
| 22 Jun 2026 | ₹23.37 |
| 19 Jun 2026 | ₹23.24 |
| 18 Jun 2026 | ₹23.21 |
| 17 Jun 2026 | ₹23.10 |
| 15 Jun 2026 | ₹22.97 |
| 12 Jun 2026 | ₹22.69 |
| 11 Jun 2026 | ₹22.04 |
Portfolio Updated on: 25 Jul, 2026
Fund Growth & Size Analysis
+₹1,975.4 Cr
Since Launch
This Fund
Category Average
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Mirae Asset Banking And Financial Services Fund Direct-growth FAQ'S
- Sharpe Ratio: 0.63%
- Standard Deviation: 15.31%
- Beta: 0.91%
- Alpha: 6.90%
Additional important ratios:
As of Tue Mar 31, 2026, the total assets managed under Mirae Asset Banking And Financial Services Fund Direct-growth stand at approximately ₹ 1,975.4 crore.
The Mirae Asset Banking And Financial Services Fund Direct-growth has delivered the following short-term performance:
- 3 Months Return: 0.83%
The historical growth of the Mirae Asset Banking And Financial Services Fund Direct-growth is reflected through its CAGR returns:
- 3 Year CAGR: 12.77%
- 5 Year CAGR: 14.27%
- Return Since Launch: 16.12%
The portfolio of Mirae Asset Banking And Financial Services Fund Direct-growth is distributed across different asset classes as follows:
- Equity: 97.51%
- Other Assets: 2.49%
The Mirae Asset Banking And Financial Services Fund Direct-growth is managed by Harshad Borawake, representing Mirae Asset Mutual Fund.
The Mirae Asset Banking And Financial Services Fund Direct-growth investments are allocated across market caps in the following manner:
- Large Cap Stocks: 1.00%
- Mid Cap Stocks: 1.00%
- Small Cap Stocks: 1.00%
Top stock holdings of Mirae Asset Banking And Financial Services Fund Direct-growth include:
- HDFC Bank Ltd – represents 25.60% of the portfolio
- HDFC Bank Ltd – represents 26.16% of the portfolio
- HDFC Bank Ltd – represents 26.16% of the portfolio
- HDFC Bank Ltd – represents 27.19% of the portfolio
- HDFC Bank Ltd – represents 26.65% of the portfolio
- HDFC Bank Ltd – represents 23.69% of the portfolio
- HDFC Bank Ltd – represents 17.57% of the portfolio
- HDFC Bank Ltd – represents 16.50% of the portfolio
- HDFC Bank Ltd – represents 1.00% of the portfolio
- HDFC Bank Ltd – represents 1.00% of the portfolio
Major sector exposures in Mirae Asset Banking And Financial Services Fund Direct-growth are:
- Financial – accounts for 925.77% of the portfolio
- Industrials – accounts for 18.05% of the portfolio
