Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth has delivered CAGR and average rolling returns as follows :
1 Year | 3 Year | 5 Year | 9 Year | |
CAGR(%) | 28.26 | 16.94 | N/A | N/A |
Average Rolling Returns(%) | 15.01 | 16.00 | N/A | N/A |
The Current NAV of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is ₹17.04.
It is better to invest in a fund with a longer track record as Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth cannot be assessed for consistency of out-performance. However, funds returns unlikely to be different than its benchmark Nifty Financial Services, as the Funds portfolio is similar to its benchmark.
Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth fund’s expense ratio is 2.06%
The process for redemption is
The AUM of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is currently ₹1,703 Crores.
The Top three stocks are HDFC Bank, ICICI Bank and SBI and account for 45% of its portfolio. Top 5 and 10 stocks of fund account for 59% and 74% of fund’s portfolio respectively.
Top three sectors of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth fund are BFSI, Miscellaneous and IT accounting for 101% of the total portfolio.
Funds Portfolio Quality is Very Good. It has a large proportion of Green Stocks.Since this is a Equity - Sectoral Fund - Banks & Financial Service it is comparatively safer to invest in this fund. However, since it has not consistently outperformed its benchmark index on an average 3-year rolling returns basis it is not the most suitable fund for SIP.
The category of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth Fund is Equity - Sectoral Fund - Banks & Financial Service.
Gaurav Kochar manages the Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth Fund.
Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth current PE ratio is 18.92 and PB ratio is 2.85
The asset allocation of Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is Stocks : 98.30%, Debt : 1.70% and Gold : 0%
The minimum SIP amount for Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is ₹500.00 and minimum lumpsum is ₹5000.00
The exit load for Mirae Asset Banking and Financial Services Fund - Regular Plan - Growth is 1% on or before 1 year, Nil after 1 year