Return
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- 6M
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- 3Y
- 5Y
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Showing Funds Performance since Sep 07, 2020
Fund Overview
Min. investment
SIP ₹99 & Lump. ₹5000
AUM (Fund size)
₹1,975 Cr
Lock In Period
N/A
Expense Ratio
2.05
Benchmark
Nifty Financial Services Total Return
Exit Load
If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL.
Summary
Latest details for Mirae Asset Banking and Financial Services Fund Growth include a ₹20.714 NAV as of Apr 30,2026 and returns since inception of 52.42%. Minimum investments start at SIP ₹99. The Mirae Asset Banking and Financial Services Fund Growth AUM is ₹1,975 Cr, with a lock-in of N/A years, expense ratio of 2.05%, and benchmark Nifty Financial Services Total Return. Exit load is - If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL.. In the growth review for 1M Month/Year, the fund recorded 8.80% returns, against a category average of 1.92% and a category best of 29.18%.
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Growth Review
| Duration | Fund Return(%) | Category Average(%) | Category Best(%) |
|---|---|---|---|
| 1M | 8.80 | 1.92 | 29.18 |
| 6M | -3.33 | 1.40 | 94.96 |
| 1Y | 5.17 | 5.50 | 250.28 |
| 3Y | 15.08 | 13.62 | 357.99 |
Portfolio Analysis
- Equity: 95.71%
- Debt: 4.31%
- Others
As on: 2026-03-31
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About Fund
Mirae Asset Banking and Financial Services Fund Growth managed by Mirae Asset Mutual Fund,is a Equity - Sector Fundscheme with Assets Under Management of ₹1,975 Crore. The fund benchmarks its performance against the Nifty Financial Services Total Return while maintaining an expense ratio of 2.05. 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 Name | Ratings | AUM | Expense Ratio |
|---|---|---|---|
| This FundAditya Birla Sun Life ESG Integration Strategy Fund Growth | 0 | 521.59 CR | 2.5 |
| This FundHDFC Banking & Financial Services Fund Growth | 3 | 3869.94 CR | 1.92 |
| This FundMirae Asset Banking and Financial Services Fund Growth | 2 | 1975.38 CR | 2.05 |
| This FundICICI Prudential PSU Equity Fund Growth | 0 | 1798.21 CR | 2.1 |
| This FundNippon India Taiwan Equity Fund Growth | 3 | 599.16 CR | 2.36 |
| Fund Name | 1Y | 3Y |
|---|---|---|
| This FundAditya Birla Sun Life ESG Integration Strategy Fund Growth | 2.1855 | 47.6109 |
| This FundHDFC Banking & Financial Services Fund Growth | 4.9229 | 49.5008 |
| This FundMirae Asset Banking and Financial Services Fund Growth | 5.1686 | 52.4209 |
| This FundICICI Prudential PSU Equity Fund Growth | 12.5689 | 105.1095 |
| This FundNippon India Taiwan Equity Fund Growth | 245.4654 | 339.3034 |
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 2.05. 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 : 8.80%
- 6 Months : -3.33%
- 1 Year : 5.17%
- 3 Years : 15.08%
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 ₹1,975 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.
Min Inv Amount: ₹500