Mirae Asset Banking and Financial Services Fund
NAV
₹22.37
as of 6 Oct 2026
Mirae Asset Banking and Financial Services Fund is an open-ended Sectoral/ Thematic scheme from Mirae Asset Mutual Fund managing ₹2,306 crore (as of 31 Jul 2026). Its Direct-plan NAV is ₹22.37 as of 6 Oct 2026. The expense ratio is 0.72% a year. Managed by Abhijith Vara. This page is factual data only – it carries no rating and no recommendation.
Key facts
- Expense ratio
- 0.72% / yr
- as of 31 Aug 2026
- Fund size
- ₹2,306 crore
- as of 31 Jul 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 5 Oct 2026Benchmark: Nifty Financial Services TRI
Mirae Asset Banking and Financial Services Fund
₹172
+72% on ₹100 over 5.0 yrs
Sectoral/ Thematic average
₹166
+66% on ₹100 over 5.0 yrs
Returns vs category
| Window | Fund | Category avg | Gap |
|---|---|---|---|
| 3 months | -7.05% | -4.47% | -2.58 |
| 6 months | -2.33% | 7.56% | -9.89 |
| 1 year | -0.61% | -0.10% | -0.51 |
| 3 years (CAGR) | 11.17% | 12.32% | -1.15 |
| 5 years (CAGR) | 11.42% | 11.84% | -0.42 |
Category average across 119 funds, as of 5 Oct 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
- 11.2%
- Median
- 16.8%
- Best
- 25.7%
25 windows over the last 60 months, stepped monthly; 100% ended positive. Worst window began 3 Oct 2023. Windows overlap – this is the range of past start dates, not a probability of anything.
Risk, measured
- Sharpe ratio (3Y)
- 0.56
- Sharpe ratio (5Y)
- 0.52
- Sortino ratio (3Y)
- 0.87 vs category 0.66
- Standard deviation (3Y)
- 15.62%
- Beta (3Y)
- 0.96
- Alpha (3Y)
- 3.24%
- 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
-9.7% 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
98.2%
Cash
1.8%
Whole-portfolio split, as of 31 Jul 2026.
What it owns
34 positions · top 10 = 65.0%
Market-cap mix
Large 60.8%Mid 17.2%Small 20.2%Other 1.8%
as of 31 Jul 2026
Holdings by sector
Financial Services(10 in top 10)95.0%
- HDFC Bank Ltd14.51%
- ICICI Bank Ltd14.10%
- State Bank of India8.79%
- Axis Bank Ltd7.60%
- Kotak Mahindra Bank Ltd4.00%
- Bajaj Finance Ltd3.79%
- SBI Life Insurance Co Ltd3.23%
- Aditya Birla Capital Ltd3.18%
- L&T Finance Ltd3.01%
- The Federal Bank Ltd2.76%
- Technology3.2%
Sectors marked ▶ expand to show this fund’s top-10 holdings in that sector. Holdings as of 31 Jul 2026. Portfolio turnover 38.1% vs category 37.4% a year.
The businesses it owns
- P/E (trailing)
- 18.2 vs category 25.9
- P/B
- 2.2 vs category 3.9
- Dividend yield
- 0.9% vs category 1.1%
- Net margin
- 26.3% vs category 15.4%
- Earnings growth
- 11.9%
- Avg market cap
- ₹2.14 lakh crore
Money in, money out
- Net flow, 12 months
- +₹165 cr
- Net flow, 3 months
- +₹49 cr
as of 31 Jul 2026. Flows follow performance more than they predict it.
Quick answers
- What is the NAV of Mirae Asset Banking and Financial Services Fund?
- ₹22.37 per unit as of 6 Oct 2026 (Direct plan, growth). NAV is declared daily on working days.
- What is the expense ratio of Mirae Asset Banking and Financial Services Fund?
- 0.72% a year for the Direct plan, as of 31 Aug 2026.
- How large is Mirae Asset Banking and Financial Services Fund?
- ₹2,306 crore under management as of 31 Jul 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?
- 11.42% a year over the last 5 years (Direct plan, CAGR), against a Sectoral/ Thematic average of 11.84%. Past returns do not predict future returns.
- What is the worst 3-year return of Mirae Asset Banking and Financial Services Fund?
- 11.2% a year – the weakest of 25 overlapping 3-year holding periods, beginning 3 Oct 2023. The median was 16.8% 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 0.9 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₹38,338 crore
- ICICI Prudential Business Cycle Fund₹15,873 crore
- Mirae Asset Great Consumer Fund₹4,732 crore
- Mirae Asset Healthcare Fund₹3,442 crore
- HDFC Infrastructure Fund₹2,325 crore
- Kotak MNC Fund₹2,309 crore
- DSP Banking & Financial Services Fund₹2,184 crore
- Axis Business Cycles Fund₹2,168 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.