15.088
19.636
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 flexi-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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Nifty Financial Services ETF-G | -10.14 | 0.45 | 0.56 | -6.01 | -9.21 | -10.14 | -- | -- | -- | -- | -- |
| S&P BSE Bankex TRI | -4.31 | 0.62 | 0.71 | -5.90 | -7.39 | -4.31 | -- | -- | -- | -- | -- |
| Equity: Sectoral-Banking | -7.30 | 0.19 | 0.88 | -5.77 | -8.57 | -7.30 | -- | -- | -- | -- | -- |
| Rank within category | 22 | 11 | 25 | 20 | 21 | 22 | -- | -- | -- | -- | -- |
| Number of funds in category | 27 | 28 | 28 | 28 | 28 | 27 | 24 | 16 | 15 | 14 | 9 |
As on 30-Jun-2022
| Fund name | Rating | Launch Date | 1-Year Return | 3-Year Return | 5-Year Return | Expense Ratio | Assets (Cr) |
|---|---|---|---|---|---|---|---|
| Mirae Asset Nifty Financial Services ETF | Invest Online | Jul-21 | -- | -- | -- | 0.12% | 146 | |
| SBI Banking & Financial Services Fund - Regular Plan | Invest Online |  |
Feb-15 | -7.50 | 5.18 | 9.73 | 1.94% | 3,237 |
| Sundaram Financial Services Opportunities Fund - Regular Plan |  |
Jun-08 | -5.71 | 5.71 | 7.17 | 2.72% | 513 |
| Invesco India Financial Services Fund | Invest Online | |
Jul-08 | -8.98 | 3.64 | 6.59 | 2.51% | 410 |
| Nippon India ETF Nifty Bank BeES | Invest Online | May-04 | -3.43 | 2.14 | 7.49 | 0.19% | 9,431 |
| Best Performance | Worst Performance | |||
|---|---|---|---|---|
| Return (%) | Period | Return (%) | Period | |
| Week | 9.65 | 28-Mar-2022 - 04-Apr-2022 | -9.12 | 28-Feb-2022 - 07-Mar-2022 |
| Month | 15.02 | 07-Mar-2022 - 06-Apr-2022 | -14.80 | 04-Feb-2022 - 07-Mar-2022 |
| Quarter | 14.95 | 02-Aug-2021 - 01-Nov-2021 | -14.03 | 10-Feb-2022 - 12-May-2022 |
| Year | -- | - | -- | - |
| Mean | Std Dev | Sharpe | Sortino | Beta | Alpha | |
|---|---|---|---|---|---|---|
| Mirae Asset Nifty Financial Services ETF-G | -- | -- | -- | -- | -- | -- |
| S&P BSE Bankex TRI* | 10.95 | 32.61 | 0.23 | 0.28 | -- | -- |
| Equity: Sectoral-Banking* | 8.84 | 32.57 | 0.18 | 0.20 | 0.96 | -1.78 |
| 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 31-May-2022
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| Number of Stocks | 20 |
| Top 10 Stocks (%) | 92.25 |
| Top 5 Stocks (%) | 73.01 |
| Top 3 Sectors (%) | 99.44 |
| Portfolio P/B Ratio | 2.69 |
| Portfolio P/E Ratio | 19.67 |
| Fund | Category | |
|---|---|---|
| Average Mkt Cap (Rs Cr) | 3,74,123 | 2,55,966 |
| Giant (%) | 88.83 | 73.45 |
| Large (%) | 7.58 | 12.30 |
| Mid (%) | 3.59 | 11.83 |
| Small (%) | -- | 4.70 |
| 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 31-May-2022
Education: Ms. Gala is a B.Com & Inter CA (IPCC)
Experience: Prior to joining Mirae Asset Mutual Fund, she has worked with ICICI Prudential Asset Management Company Ltd.
Funds Managed:
The scheme seeks to generate returns, before expenses, that are commensurate with the performance of the Nifty Financial Services Total Return Index, subject to tracking error.
| Min. Investment (₹) | 5,000 |
| Min. Addl Investment (₹) | -- |
| Min. SIP Investment (₹) | -- |
| Min. No of Cheques | -- |
| Min. Withdrawal (₹) | -- |
| Min. Balance (₹) | -- |
| Lock-in Period | Not Applicable |
| Exit Load | 0 |
| Fund House: | Mirae Asset Mutual Fund |
| Launch Date: | 30-Jul-2021 |
| Return Since Launch: | -5.82% |
| Benchmark: | NIFTY Financial Services TRI |
| Riskometer: | Very High |
| Type: | Open-ended |
| Assets: | ₹ 146 Cr (As on 31-May-2022) |
| Expense: | 0.12% (As on 31-May-2022) |
| 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
Website: http://www.miraeassetmf.co.in
Registrar & Transfer Agent: KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016
Phone: 040-44857874
Email: [email protected]
Website: www.karvymfs.com
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