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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 202623.503
CategorySectoral / Thematic
PlanDirect · Growth
Launched25 Nov 2020
Risk labelthe scheme's own riskometerVery High
Legal benchmarkSEBI Tier-1Nifty Financial Services - TRI
Expense ratiodirect plan, a year0.74%
AUM₹354 Cr
Growth of ₹10,000₹18,4032 Sep 2021 to 2 Sep 2026
₹19,210₹16,554₹13,898₹11,242₹8,587Sep 2021Nov 2022Mar 2024Jun 2025Sep 2026
₹18,403 (+13.0% a year) Mirae Asset Banking and Financial Services Fund

Performance (trailing, annualised)

1Y annualised10.10%
3Y annualised13.74%
5Y annualised12.98%

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 ₹1,23,4415.34%
SIP 3Y (₹10,000 a month)invested ₹3,60,000 → worth ₹4,23,25410.79%
SIP 5Y (₹10,000 a month)invested ₹6,00,000 → worth ₹8,49,42613.87%

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

Calendar years

Calendar 202119.26%
Calendar 202214.78%
Calendar 202322.79%
Calendar 202413.29%
Calendar 202520.99%

Rolling returns

Rolling 1Y · average244 windows since 14 Dec 202115.57%
Rolling 1Y · median15.46%
Rolling 1Y · worst window-5.42%
Rolling 1Y · best window36.52%
Rolling 1Y · windows positive95%
Rolling 3Y · average140 windows since 20 Dec 202317.61%
Rolling 3Y · median17.59%
Rolling 3Y · worst window11.91%
Rolling 3Y · best window25.97%
Rolling 3Y · windows positive100%
Rolling 5Y · average37 windows since 18 Dec 202515.42%
Rolling 5Y · median14.92%
Rolling 5Y · worst window13.14%
Rolling 5Y · best window18.66%
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)15.74%
Downside deviation (3Y)11.18%
Maximum drawdown-15.76%

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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