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Latest NAV & returns of MIRAE ASSET GLOBAL INVESTMENTS (INDIA) PVT. LTD.

Mirae Asset Banking and Financial Services Fund Direct Growth

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18.416 (-0.319%)
NAV on May 03, 2024
Category Equity:
Sector - Financial Services
Investment StyleBox
Large Growth
Total Assets 1,594 cr
Turnover Ratio 29.22%
Expense Ratio 0.65%
Exit Load 1.00%if redeemed within
1 Years0.00%if redeemed after 1 Years
Returns
  • 1M: 4.32%
  • 1Y: 29.54%
  • 3M: 6.77%
  • 3Y: 18.99%
  • 6M: 15.97%
  • 5Y: N/A
Min Investment 5,000
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ADDITIONAL INFO
Fund Manager Gaurav Kochar (Since over 3 years)
ISIN INF769K01GX9
Fund Family Mirae Asset
P/E Ratio 13.97
P/B Ratio 2.35
Launch Date December 11, 2020
Benchmark Nifty Financial Services TR INR
ASSET ALLOCATION
EQUITY DISTRIBUTION
RISK MEASURES (3 yrs)
vs Nifty Financial Services TR INR

Alpha 5.84
Beta 0.91
R-Squared 89.52
Info Ratio 1.18
Tracking Err 5.06
Sortino 1.642
Sharpe 0.869
Std Dev 15.046
Risk Low
SECTOR WEIGHTINGS (%)
Financial 99.32%
Industrial 0.0%
Technology 0.68%
Basic Materials 0.0%
Consumer Cyclical 0.0%
Utilities Services 0.0%
Healthcare Services 0.00%
Energy Services 0.00%
Communication Services 0.00%
Consumer Defensive 0.00%
Real Estate 0.00%
INVESTMENT 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.

You will not receive any dividends. Your investments will get the largest benefit of compounding.

View Factsheet
Top Sector Financial Services Funds
NAME LATEST
NAV		 RETURNS
1y       		FUND
ASSETS 		EXPENSE
RATIO		 RISK
Religare invesco mutual fund
Invesco India Financial Services Fund Direct Plan Growth
136.350 41.16% 744 cr 1.03% Average
Sundaram mutual fund
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option
103.994 40.90% 1,171 cr 0.78% Below Average
Best Arbitrage Fund Funds
NAME LATEST
NAV		 RETURNS
1y     		FUND
ASSETS		 Expense
RATIO		 RISK
Quant
Quant BFSI Fund Direct Growth
16.568 — 450 cr 0.72% -
Best Sector Financial Services Funds
NAME LATEST
NAV		 RETURNS
1y     		FUND
ASSETS		 Expense
RATIO		 RISK
Religare invesco mutual fund
Invesco India Financial Services Fund Direct Plan Growth
136.350 41.16% 744 cr 1.03% Average
Sundaram mutual fund
Sundaram Financial Services Opportunities Fund Direct Plan Growth Option
103.994 40.90% 1,171 cr 0.78% Below Average
Reliance
Nippon India Banking & Financial Services Fund Direct Plan - Growth
573.775 31.71% 5,307 cr 1.05% Above Average


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