Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan has delivered CAGR and average rolling returns as follows :

It is better to invest in a fund with a longer track record as Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan 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.

The process for redemption is

• Give a request for redemption of the number of units or the amount you want. The request will be acknowledged.
• You will get information about the redemption and the NAV at which redeemed.
• The amount will be deposited in the designated bank account.

The AUM of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is currently ₹1,845 Crores.

The Top three stocks are HDFC Bank, ICICI Bank and SBI and account for 42% of its portfolio. Top 5 and 10 stocks of fund account for 55% and 70% of fund’s portfolio respectively.

Top three sectors of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan fund are BFSI, IT and Miscellaneous accounting for 100% 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 - Growth - Direct Plan Fund is Equity - Sectoral Fund - Banks & Financial Service.

Gaurav Kochar manages the Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan Fund.

Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan current PE ratio is 22.54 and PB ratio is 3.23

The asset allocation of Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is Stocks : 99.53%, Debt : 0.48% and Gold : 0%

The minimum SIP amount for Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is ₹99.00 and minimum lumpsum is ₹5000.00

The exit load for Mirae Asset Banking and Financial Services Fund - Growth - Direct Plan is 1% on or before 1 year, Nil after 1 year