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Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth
Equity Sector Funds Very High Risk Fund Manager: Abhijith Vara

My Notes

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📓 Notes
-3.80%
1Y Return
-1.14% 1D
Overview Returns Historical Holdings Peer Comparison Fund Managers AMC FAQ
Latest NAV
₹20.41
Fund Size
₹2,196 Cr
Turnover Ratio
26.66
Lock-in Period
Nil
Inception Date
11 Dec 2020
Return Since Inception
12.95%
Fund Type
Open ended scheme
Min. Lumpsum / SIP
₹5000 / ₹1000

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/Entities engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns.There is no assurance that the investment objective of the Scheme will be achieved.

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NAV Performance
Historical Net Asset Value
-3.80% 1Y Return
≤ 1 year — Absolute; > 1 year — CAGR
Return Calculator
Estimation based on past performance
Monthly Investment
₹
Over The Past
Invested Amount
0
Est. Returns
0
After 0 Years your investment will be:
₹ 0 (0%)
Lumpsum Investment
₹
Over The Past
Invested Amount
0
Est. Returns
0
After 0 Years your investment will be:
₹ 0 (0%)
Returns and Rankings
Benchmark: Nifty Financial Services - TRI
Sector Funds 1M3M6M9M1Y 2Y3Y4Y5Y10YALL
Fund returns -4.35%-6.99% -4.32%-6.96% -3.8%3.74% 10.09%12.28% 9.06%N/A 12.95%
Category returns -4.29%-6.59% -3.04%-5.86% -3.31%3.07% 10.29%11.36% 8.73%11.08% N/A
Absolute returns -4.35%-6.99%-4.32%-6.96%-3.8%7.62%33.46%58.97%54.33%N/A 104.12%
Rank within category 16/28 19/28 21/28 15/24 11/23 7/21 9/17 5/14 5/13 N/A N/A
≤ 1 year — Absolute; > 1 year — CAGR
Historical Data
Benchmark: Nifty Financial Services - TRI
Sector Funds 2020202120222023202420252026
Yearly returnsN/A17.14%12.98%20.96%11.63%19.26%-7.16%
Q1 returnsN/A6.64%-0.02%-5.52%-0.84%1.51%-13.41%
Q2 returnsN/A5.41%-9.13%14.28%13.89%12.47%13.01%
Q3 returnsN/A8.86%12.84%4.28%3.62%-4.05%-5.51%
Q4 returnsN/A-4.27%10.19%7.43%-4.6%8.87%0.41%
Expense Ratio, Exit Load & Tax
Expense Ratio: 2.14% (Inclusive of GST)
Exit Load

1% on or before 1Y, Nil after 1Y

Advanced Ratios
Alpha0.101973
Beta0.9418
Sharpe Ratio0.0845947
Sortino Ratio0.156083
Risk Metrics
R-Squared0.8943
Tracking Error1.3856
Downside Risk21.6295
Std. Deviation (Annualised)14.6941
Peer Comparison
Sector Funds 1M3M6M9M1Y3Y5Y10YALL Fund Size (Cr)Exp. RatioSharpeRisk
Quant BFSI Fund - Regular Plan - Growth -7.3% -8.48% 3.24% -0.07% 5.13% 17.22% N/A N/A 21.66% 893.84 3.49 0.22 Very High
Invesco India Financial Services Fund - Regular Plan - Growth -3.6% -6.45% -3.71% -4.71% -1.5% 14.09% 10.83% 13.39% 15.51% 1,788.59 2.19 0.17 Very High
SBI Banking & Financial Services Fund - Regular Plan - Growth -2.32% -5.87% -5.12% -8.97% -4.97% 13.6% 9.66% 13.33% 13.1% 10,420.40 2.17 0.16 Very High
Baroda BNP Paribas Banking and Financial Services Fund - Regular Plan - Growth -4.46% -5.72% -2.13% -6.17% -4.4% 11.64% 8.53% 10.41% 11.42% 516.27 2.67 0.12 Very High
Bandhan Financial Services Fund - Regular Plan - Growth -4.66% -6.78% -2.08% -6.74% -5.83% 11.41% N/A N/A 11.54% 1,046.38 2.50 0.13 Very High
UTI Banking and Financial Services Fund - Regular Plan - IDCW -2.67% -5.94% -2.54% -5.49% -4.04% 10.77% 8.59% 9.38% 13.92% 1,339.13 2.38 0.10 Very High
HDFC Banking & Financial Services Fund - Regular Plan - Growth -2.97% -7% -2.73% -5.22% -1.86% 10.23% 8.97% N/A 10.66% 4,425.37 2.02 0.09 Very High
Kotak Banking & Financial Services Fund - Regular Plan - Growth -3.79% -7.78% -2.8% -5.16% -3.18% 10.14% N/A N/A 12.51% 1,448.47 2.24 0.08 Very High
Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth Current -4.35% -6.99% -4.32% -6.96% -3.8% 10.09% 9.06% N/A 12.95% 2,195.97 2.14 0.09 Very High
Sundaram Financial Services Opportunities Fund - Growth -3.71% -6.03% -2.87% -6.72% -0.1% 10% 10.51% 12.45% 13.6% 1,614.20 2.21 0.09 Very High
Holdings (0)
Instrument Type
Sector
NameSectorInstrumentAssets %
Total0.00%
FUND MANAGERS
Managed By Experts
MA
Mr. Abhijith Vara
in

Mr. Abhijith brings over 19 years of experience in the mutual fund industry, with a strong background in equity research and sectoral analysis. Prior to this assignment, Mr. Vara was associated with Axis Asset Management Co. Ltd. and Sundaram Asset Management Company Ltd. as a research analyst. Mr. Vara has extensive experience analyzing a wide range of sectors, with a consistent focus on cyclical industries. Over the past seven years, he has closely tracked the Banking & Financial Services sector.

Age
43 Yrs
Experience
19 Years
Reported
23 Sep 2025
PGDM, B.Tech
FAQ
All You Need To Know About Mutual Funds
It is an Open ended scheme that primarily invests in Sector Funds.
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/Entities engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns.There is no assurance that the investment objective of the Scheme will be achieved.
The scheme benchmark is the Nifty Financial Services - TRI.
It is classified as Very High Risk.
1-year: -3.8% | 3-year: 10.09% | 5-year: 9.06%
Top holdings include:
The NAV is around ₹20.41.
The fund's AUM is approximately ₹2,196 Cr.
The expense ratio for the Regular Plan is 2.14%.
1% on or before 1Y, Nil after 1Y.
Minimum SIP starts at ₹1000.
The minimum lump sum investment is ₹5000.
You can start a SIP through the Sharescart platform. Enter KYC details, choose the Regular Growth option, set SIP amount and frequency, and submit.
The fund manager: Abhijith Vara
This fund is suitable for investors with a Very High risk tolerance.
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Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth
Very High Risk | Sector Funds | Equity
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Minimum SIP Amount: ₹1000
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