9.78
11.965
1
Suitability:
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in multi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Taxability of earnings:
Capital gains
Dividends
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| YTD | 1-Day | 1-W | 1-M | 3-M | 6-M | 1-Y | 3-Y | 5-Y | 7-Y | 10-Y | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Fund | 4.65 | -0.59 | -2.04 | 1.93 | -7.45 | -- | -- | -- | -- | -- | -- |
| S&P BSE Bankex TRI | 1.98 | -0.81 | -2.44 | 1.42 | -10.37 | -- | -- | -- | -- | -- | -- |
| Equity: Sectoral-Banking | 4.74 | -0.86 | -1.58 | 2.17 | -8.59 | -- | -- | -- | -- | -- | -- |
| Rank within category | 5 | 4 | 14 | 11 | 7 | -- | -- | -- | -- | -- | -- |
| Number of funds in category | 28 | 28 | 28 | 28 | 28 | 27 | 23 | 17 | 17 | 11 | 8 |
As on 14-May-2021
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| Mirae Asset Banking and Financial Services Fund - Regular Plan | Invest Online | Dec-20 | -- | -- | -- | 2.52 | 545 | |
| SBI Banking & Financial Services Fund - Regular Plan | Invest Online |  |
Feb-15 | 66.05 | 11.53 | 17.58 | 2.33 | 2,401 |
| Tata Banking and Financial Services Fund - Regular Plan | Invest Online |  |
Dec-15 | 57.29 | 8.81 | 16.60 | 2.57 | 683 |
| Nippon India ETF Bank BeES | Invest Online | May-04 | 68.36 | 6.34 | 13.94 | 0.18 | 8,199 | |
| Kotak Banking ETF Fund Regular | Invest Online | Dec-14 | 68.07 | 6.28 | 13.97 | 0.18 | 6,625 |
| Best Performance | Worst Performance | |||
|---|---|---|---|---|
| Return (%) | Period | Return (%) | Period | |
| Week | 13.10 | 29-Jan-2021 - 05-Feb-2021 | -6.05 | 20-Jan-2021 - 27-Jan-2021 |
| Month | 12.83 | 18-Jan-2021 - 17-Feb-2021 | -10.85 | 12-Mar-2021 - 12-Apr-2021 |
| Quarter | 13.44 | 14-Dec-2020 - 15-Mar-2021 | -7.45 | 12-Feb-2021 - 14-May-2021 |
| Year | -- | - | -- | - |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Fund | -- | -- | -- | -- | -- | -- |
| S&P BSE Bankex TRI* | 14.96 | 33.45 | 0.32 | 0.37 | -- | -- |
| Equity: Sectoral-Banking* | 10.97 | 33.91 | 0.21 | 0.24 | 0.97 | -3.70 |
| Rank within category | -- | -- | -- | -- | -- | -- |
| Number of funds in category | -- | -- | -- | -- | -- | -- |
The Risk Measures have been calculated using calendar month returns for the last three years.
As on
* As on 30-Apr-2021
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| Number of Stocks | 22 |
| Top 10 Stocks (%) | 81.05 |
| Top 5 Stocks (%) | 63.67 |
| Top 3 Sectors (%) | 95.74 |
| Portfolio P/B Ratio | 2.45 |
| Portfolio P/E Ratio | 20.70 |
| Fund | Category | |
|---|---|---|
| Average Mkt Cap (Rs Cr) | 2,17,398 | 2,35,800 |
| Giant (%) | 76.19 | 75.37 |
| Large (%) | 9.76 | 8.94 |
| Mid (%) | 7.48 | 13.33 |
| Small (%) | 6.57 | 5.82 |
| Tiny (%) | -- | -- |
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Indicates an increase or decrease or no change in holding since last portfolio
Indicates a new holding since last portfolio
As on 30-Apr-2021
— Gaurav Kochar since 25-Nov-2020
Education: Mr. Kochar is a Chartered Accountant
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with Kotak Bank as an Internal Auditor for 3 years, later worked for almost 2.5 years in Ambit Capital as a Research Analyst – Banking.
— Harshad Borawake since 25-Nov-2020
Education: Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience: Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Funds Managed:
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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.
| Minimum Investment (₹) | 5,000 |
| Minimum Addl Investment (₹) | 1,000 |
| Minimum SIP Investment (₹) | 1,000 |
| Minimum No of Cheques | 5 |
| Minimum Withdrawal (₹) | -- |
| Minimum Balance (₹) | -- |
| Lock-in Period | Not Applicable |
| Exit Load | 1% for redemption within 365 days |
| Fund House: | Mirae Asset Mutual Fund |
| Launch Date: | 11-Dec-2020 |
| Return Since Launch: | 7.96% |
| Benchmark: | NIFTY Financial Services TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | ₹ 545 Cr (As on 30-Apr-2021) |
| Expense: | 2.52% (As on 31-Mar-2021) |
| Risk Grade: | -- |
| Return Grade: | -- |
| Turnover: | -- |
AMC: Mirae Asset Investment Managers (India) Pvt. Ltd.
Address: Unit No.606 - 6th Floor, Windsor Building - Off. CST Road, Kalina, Santacruz (East), Mumbai - 400098
Phone: 022-67800301 / 1800-2090-777
Email: [email protected]
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent: KFin Technologies Pvt Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Phone: 040-44857874
Email: [email protected]
Website: www.karvymfs.com
Friday, 07-May-2021
12:30 PM - 01:00 PM
Registration Over
