Mirae Asset Banking and Financial Services Fund
NAV
₹23.75
as of 21 Aug 2026
Mirae Asset Banking and Financial Services Fund is an open-ended Sectoral/ Thematic scheme from Mirae Asset Mutual Fund managing ₹2,305 crore (as of 30 Jun 2026). Its Direct-plan NAV is ₹23.75 as of 21 Aug 2026. The expense ratio is 0.51% a year. Managed by Abhijith Vara. This page is factual data only — it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.51% / yr
- as of 30 Jun 2026
- Fund size
- ₹2,305 crore
- as of 30 Jun 2026
- Exit load
- 1%
- SIP available
- Yes
- Launched
- 11 Dec 2020
- ISIN
- INF769K01GX9
₹100 invested, fund vs category
The category line is the average of the funds in this category, built from NYVO’s own NAV data.
Rebased to 100data to 20 Aug 2026Benchmark: Nifty Financial Services TRI
Mirae Asset Banking and Financial Services Fund
₹196
+96% on ₹100 over 5.0 yrs
Sectoral/ Thematic average
₹187
+87% on ₹100 over 5.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | 6.13% | 6.78% | -0.65 |
| 6 months | -3.78% | 3.68% | -7.46 |
| 1 year | 7.21% | 6.07% | +1.14 |
| 3 years (CAGR) | 14.61% | 16.01% | -1.40 |
| 5 years (CAGR) | 14.42% | 15.20% | -0.78 |
Category average across 119 funds, as of 21 Aug 2026. Short windows are noise; the 3 and 5-year rows are the record. Past returns do not predict future returns.
A single return number depends on its start date. These are ALL the overlapping holding periods, so the worst case is visible — read that number first.
1-year holding periods
- Worst
- -0.9%
- Median
- 15.6%
- Best
- 36.5%
49 windows over the last 60 months, stepped monthly; 98% ended positive. Worst window began 1 Oct 2021. Windows overlap — this is the range of past start dates, not a probability of anything.
3-year holding periods (per year)
- Worst
- 13.0%
- Median
- 17.5%
- Best
- 25.7%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 1 Feb 2022. Windows overlap — this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.47
- Sharpe ratio (5Y)
- 0.58
- Sortino ratio (3Y)
- 0.72 vs category 0.54
- Standard deviation (3Y)
- 15.73%
- Beta (3Y)
- 0.96
- Alpha (3Y)
- 2.66%
- Deepest fall (5Y)
- -15.04%
Distance below its own peak
Every dip below 0 is the fund trading under a previous high — how deep and for how long is what a drawdown feels like.
Deepest fall
-14.1%
Right now
-3.8% below peak
Ahead of its benchmark in 61% of months (window: 3y, monthly) — benchmark: Nifty Financial Services TRI, name shown only.
Where the money actually is
Equity
97.5%
Cash
2.5%
Whole-portfolio split, as of 30 Jun 2026.
What it owns
34 positions · top 10 = 66.3%
Market-cap mix
Large 62.4%Mid 16.1%Small 19.0%Other 2.5%
as of 30 Jun 2026
Holdings by sector
Financial Services(10 in top 10)94.7%
- HDFC Bank Ltd15.49%
- ICICI Bank Ltd13.51%
- State Bank of India8.79%
- Axis Bank Ltd8.32%
- Kotak Mahindra Bank Ltd4.71%
- Bajaj Finance Ltd3.34%
- Aditya Birla Capital Ltd3.09%
- The Federal Bank Ltd3.04%
- SBI Life Insurance Co Ltd3.04%
- L&T Finance Ltd3.01%
- Technology2.8%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 30 Jun 2026. Portfolio turnover 32.5% vs category 37.3% a year.
The businesses it owns
- P/E (trailing)
- 18.9 vs category 25.8
- P/B
- 2.3 vs category 3.8
- Dividend yield
- 0.8% vs category 1.1%
- Net margin
- 26.4% vs category 15.4%
- Earnings growth
- 12.0%
- Avg market cap
- ₹2.26 lakh crore
Money in, money out
- Net flow, 12 months
- +₹169 cr
- Net flow, 3 months
- +₹71 cr
as of 30 Jun 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Mirae Asset Banking and Financial Services Fund?
- ₹23.75 per unit as of 21 Aug 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Mirae Asset Banking and Financial Services Fund?
- 0.51% a year for the Direct plan, as of 30 Jun 2026.
- How large is Mirae Asset Banking and Financial Services Fund?
- ₹2,305 crore under management as of 30 Jun 2026, in the Sectoral/ Thematic category.
- How risky is Mirae Asset Banking and Financial Services Fund?
- Its SEBI Riskometer reading is "Very High Risk". One sector, one story. The most-launched shelf on the map, by far.
- What are the 5-year returns of Mirae Asset Banking and Financial Services Fund?
- 14.42% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 15.20%. Past returns do not predict future returns.
- What is the worst 3-year return of Mirae Asset Banking and Financial Services Fund?
- 13.0% a year — the weakest of 25 overlapping 3-year holding periods, beginning 1 Feb 2022. The median was 17.5% and 100% of those windows ended positive. Windows overlap, so this is the range of past start dates, not a probability.
- Who manages Mirae Asset Banking and Financial Services Fund?
- Abhijith Vara, managing this fund for 0.8 years.
Where this fund sits
Its shelf, all funds
St · Sectoral / thematic →
One sector, one story. The most-launched shelf on the map, by far.
The money map
How big this shelf is in India →
The whole industry sized by real money, from AMFI’s monthly data.
Side by side
Compare this fund →
Put it next to any other fund — growth, returns, risk and cost in one table.
One bet or two?
Check its overlap →
See whether it owns the same stocks as your other funds.
Other Sectoral/ Thematic funds
- ICICI Prudential India Opportunities Fund₹38,299 crore
- ICICI Prudential Business Cycle Fund₹16,123 crore
- Mirae Asset Great Consumer Fund₹4,550 crore
- Mirae Asset Healthcare Fund₹3,253 crore
- HDFC Infrastructure Fund₹2,375 crore
- HSBC Infrastructure Fund₹2,362 crore
- Kotak MNC Fund₹2,237 crore
- ICICI Prudential Quality Fund₹2,158 crore
Data: NYVO research systems; each block above states its own as-of date, and blocks with no data for this fund are omitted rather than estimated. NAV updates daily on working days. The benchmark (Nifty Financial Services TRI) is named for reference only; its values are licensed and never shown. This page is factual information about one scheme. It is not investment advice, not a recommendation, and it carries no rating of any kind. Past performance does not predict future returns. Mutual fund investments are subject to market risks; read all scheme related documents carefully.