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OmniAsset › Mutual funds › Mirae Asset Banking and Financial Services Fund

Mirae Asset Banking and Financial Services Fund

Sectoral / Thematic fund benchmarked to Nifty Financial Services - TRI. Every figure below is read from one dated snapshot; what the snapshot cannot prove is left out, never estimated.

Latest NAV2 Sep 202621.537
CategorySectoral / Thematic
PlanRegular · Idcw
Launched25 Nov 2020
Risk labelthe scheme's own riskometerVery High
Legal benchmarkSEBI Tier-1Nifty Financial Services - TRI
Expense ratiodirect plan, a year2.13%
AUM₹11.0 Cr
Growth of ₹10,000₹17,0932 Sep 2021 to 2 Sep 2026
₹17,975₹15,602₹13,230₹10,858₹8,486Sep 2021Nov 2022Mar 2024Jun 2025Sep 2026
₹17,093 (+11.3% a year) Mirae Asset Banking and Financial Services Fund

Performance (trailing, annualised)

1Y annualised8.52%
3Y annualised12.11%
5Y annualised11.32%

Point-to-point from the fund's own published NAV; a period the history does not span is left out.

SIP returns

SIP 1Y (₹10,000 a month)invested ₹1,20,000 → worth ₹1,22,4843.85%
SIP 3Y (₹10,000 a month)invested ₹3,60,000 → worth ₹4,13,3819.18%
SIP 5Y (₹10,000 a month)invested ₹6,00,000 → worth ₹8,14,86912.19%

₹10,000 on the first of every month, valued at the latest NAV, as an annualised rate (XIRR).

Calendar years

Calendar 202117.13%
Calendar 202213.14%
Calendar 202320.96%
Calendar 202411.64%
Calendar 202519.26%

Rolling returns

Rolling 1Y · average244 windows since 14 Dec 202113.85%
Rolling 1Y · median13.77%
Rolling 1Y · worst window-6.88%
Rolling 1Y · best window34.40%
Rolling 1Y · windows positive93%
Rolling 3Y · average140 windows since 20 Dec 202315.87%
Rolling 3Y · median15.79%
Rolling 3Y · worst window10.28%
Rolling 3Y · best window24.11%
Rolling 3Y · windows positive100%
Rolling 5Y · average37 windows since 18 Dec 202513.70%
Rolling 5Y · median13.22%
Rolling 5Y · worst window11.46%
Rolling 5Y · best window16.87%
Rolling 5Y · windows positive100%

Every window of that length in the published history, so one lucky start date cannot flatter the fund.

Risk

Volatility (3Y)15.72%
Downside deviation (3Y)11.21%
Maximum drawdown-15.90%

Management

Fund managerMr. Abhijith Vara
Managing since2 Sep 2026

Related

Source: the OmniAsset signed reference snapshot, as of 4 Sep 2026. Figures are deterministic; missing data is withheld, never estimated. See methodology and data sources. Not investment advice.

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