Mirae Asset Banking and Financial Services Fund Growth Return

  • 1M
  • 3M
  • 6M
  • 1Y
  • 3Y
  • 5Y
This Fund:
Sensex:
BankFD:

Showing Funds Performance since Sep 07, 2020

Mirae Asset Banking and Financial Services Fund Growth Fund Overview

Min. investment

SIP ₹99 & Lump. ₹5000

AUM (Fund size)

₹2,306 Cr

Lock In Period

N/A

Expense Ratio

2.11

Exit Load

If redeemed within 1 month (30 days) from the date of allotment: 1%If redeemed after 1 month (30 days) from the date of allotment: NIL

Benchmark

Nifty Financial Services Total Return

Mirae Asset Banking and Financial Services Fund Growth Calculate Returns

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M-1.93-0.121.33
6M-4.532.257.15
1Y6.024.9018.14
3Y12.7912.9160.93

Portfolio Analysis

  • Equity: 98.17%
  • Debt: 1.82%
  • Others
As on: 2026-07-31
View allocation % by

1. HDFC Bank Ltd.14.51%
2. ICICI Bank Ltd.14.10%
3. Axis Bank Ltd.7.60%
4. Kotak Mahindra Bank Ltd.4.00%
5. The Federal Bank Ltd.2.76%
6. Karur Vysya Bank Ltd.2.64%
7. Equitas Small Finance Bank Ltd.2.09%
8. IndusInd Bank Ltd.1.68%
9. DCB Bank Ltd.1.53%

1. Bajaj Finance Ltd.3.79%
2. L&T Finance Ltd.3.01%
3. Shriram Finance Ltd.2.13%

1. State Bank of India8.79%

1. Aditya Birla Capital Ltd.3.18%
2. HDB Financial Services Ltd.2.29%
3. Kfin Technologies Ltd.1.99%
4. Cholamandalam Financial Holdings Ltd.0.32%

1. SBI Life Insurance Co. Ltd.3.23%
2. Canara HSBC Life Insurance Co.Ltd.2.00%

1. CRISIL Ltd.1.80%
2. Central Depository Services (I) Ltd.1.73%

1. Home First Finance Company India Ltd.1.93%
2. Aadhar Housing Finance Ltd.0.53%

1. PB Fintech Ltd.2.43%

1. Pine Labs Ltd.1.21%
2. Billionbrains Garage Ventures Ltd.1.01%

1. Power Finance Corporation Ltd.1.29%

1. CARE Ratings Ltd.1.29%

1. Multi Commodity Exchange of India Ltd.0.91%
2. BSE Ltd.0.32%

1. GO Digit General Insurance Ltd.1.17%
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About Fund Mirae Asset Banking and Financial Services Fund Growth

Mirae Asset Banking and Financial Services Fund Growth managed by Mirae Asset Mutual Fund,is a Banking and Financial Services Fundsscheme with Assets Under Management of ₹2,306 Crore. The fund benchmarks its performance against the Nifty Financial Services Total Return while maintaining an expense ratio of 2.11. Under the expert guidance of Harshad Borawake ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Harshad Borawake

Mr. Harshad Borawake is MBA(Finance) & B.E.(Polymers) 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.

Peer Comparison

Fund NameRatingsAUMExpense Ratio
ITI Banking and Financial Services Fund Growth1386 CR2.89
HDFC Banking & Financial Services Fund Growth24,630 CR1.98
Mirae Asset Banking and Financial Services Fund Growth42,306 CR2.11
Kotak Banking & Financial Services Fund Growth21,556 CR2.24
Bandhan Financial Services Fund Growth01,114 CR2.43
Fund Name1Y3Y
This FundITI Banking and Financial Services Fund Growth9.233439.6126
This FundHDFC Banking & Financial Services Fund Growth7.520343.0071
This FundMirae Asset Banking and Financial Services Fund Growth6.019743.4896
This FundKotak Banking & Financial Services Fund Growth7.721245.2307
This FundBandhan Financial Services Fund Growth3.991453.3659

Mirae Asset Banking and Financial Services Fund Growth FAQs

Mirae Asset Banking and Financial Services Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of Mirae Asset Banking and Financial Services Fund Growth is 2.11. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

Mirae Asset Banking and Financial Services Fund Growth’s fund performance is as follows:
  • 1 Month : -1.93%
  • 6 Months : -4.53%
  • 1 Year : 6.02%
  • 3 Years : 12.79%
Returns of Mirae Asset Banking and Financial Services Fund Growth are updated daily based on NAV of ₹ 21.527 as on Aug 18,2026. Since inception, the return has been 43.49%.

You can invest in Mirae Asset Banking and Financial Services Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of Mirae Asset Banking and Financial Services Fund Growth is ₹2,306 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in Mirae Asset Banking and Financial Services Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.