Mirae Asset Banking and Financial Services Fund Regular Growth

Fund House: Mirae Asset Mutual Fund
Category: Equity: Sectoral-Banking and Financial Services
Launch Date: 01-12-2020
Asset Class: Equity
Benchmark: Nifty Financial Services TRI
Expense Ratio: 2.28% As on (30-06-2022)
Status: Open Ended Schemes
Minimum Investment: 5000.0
Minimum Topup: 1000.0
Total Assets: 1,131.46 Cr As on (31-07-2022)
Turn over: 10% | Exit Load: 1% for redemption within 365 days

12.893

16.22%

PERFORMANCE

Returns Type:
of  
Start :  
End : 
Period:  
This Scheme
-
vs
Nifty Financial Services TRI
-
Gold
-
PPF
-
Returns Type:
of  
  Period:  

Start :  
Period:  

RETURNS ANALYSIS

Fund Multiplier

Time it would have taken to make your money double (2x), quadruple (4x) and quintuple (5x)

Time Taken To Multiply
2x
4x
5x
10x
FUND
There is no value for 2x
There is no value for 4x
There is no value for 5x
There is no value for 10x
FD
11 years 10 Months
GOLD
8 years 9 Months
NIFTY
5 years 5 Months

 

Investment Objective

The scheme seeks 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.

Current Asset Allocation (%)

Indicators

Volatility
Sharp Ratio
Alpha
Beta
Yield to Maturity -
Average Maturity -

PEER COMPARISON

Scheme Name Inception
Date
1 Year
Return(%)
2 Year
Return(%)
3 Year
Return(%)
5 Year
Return(%)
10 Year
Return(%)
Mirae Asset Banking and Financial Services Fund Regular Growth 01-12-2020 6.02 - - - -
LIC MF Banking And Financial Services Fund-Regular Plan-Growth 23-03-2015 9.45 29.57 10.89 5.08 -
Nippon India Banking and Financial Services Fund-Growth Plan-Growth Option 01-05-2003 9.15 39.23 12.65 7.66 14.58
Baroda BNP Paribas Banking and Financial Services Fund - Regular - Growth Option 22-06-2012 7.53 27.4 10.25 8.2 11.86
Sundaram Financial Services Opportunities Fund Regular Plan - Growth 10-06-2008 6.25 31.15 14.23 10.02 13.5
Taurus Banking & Financial Services Fund - Regular Plan - Growth 22-05-2012 6.13 27.8 12.16 10.22 12.28
UTI Banking and Financial Services Fund - Regular Plan - Growth Option 01-08-2005 5.74 31.07 9.32 4.98 11.62
SBI Banking & Financial Services Fund - Regular Plan - Growth 01-02-2015 4.98 28.85 13.5 11.61 -
IDBI Banking & Financial Services Fund - Regular Plan (Growth) 28-05-2018 4.9 27.43 10.78 - -
HDFC Banking and Financial Services Fund - Growth Option 05-06-2021 4.56 - - - -

Scheme Characteristics

Minimum investment in equity & equity related instruments of a particular sector/ particular theme - 80% of total assets.

Riskometer

riskometer

PORTFOLIO

Market Cap Distribution

Small Cap

6.72%

Others

1.67%

Large Cap

82.95%

Mid Cap

8.65%

Scheme Documents

Factsheet for June 2022

Tax Benefits of investing in this fund

Long term capital gains (LTCG) tax @10% (plus surcharge, if applicable and cess) without indexation if units held for more than 12 months#

Short term capital gains (STCG) tax @ 15% (plus surcharge, if applicable and cess) if units are held for less than 12 months.

Investor does not pay any tax on dividends but a Dividend Distribution Tax (DDT) is deducted at source @11.648% (10% + 12% surcharge + 4% Health & education cess) **

# Capital gain accrued up to January 31st 2018 is exempt from LTCG tax in respect of units acquired before January 31, 2018 & redeemed on or after April 1, 2018. ** The DDT is to be paid by the mutual fund

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