3 Year return
15.74%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹1821.94 Cr.
Expense Ratio
0.6% (inclusive of GST)
Exit Load
1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days).
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
Mirae Asset Mutual Fund Managers
HB
Harshad Borawake
Fund Manager since Jan 2024
Fund House Details
Mirae Asset Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Quant Infrastructure Fund |
29.84% |
0 |
ICICI Prudential Pharma Healthcare and Diagnostics (P.H.D) Fund |
23.91% |
0 |
DSP Healthcare Fund |
22.23% |
0 |
Schemes by Mirae Asset Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan Growth
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Payout
Hybrid . Aggressive Hybrid Fund
Mirae Asset Aggressive Hybrid Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct Growth
Hybrid . Arbitrage Fund
Mirae Asset Arbitrage Fund Direct IDCW Payout
About Mirae Asset Banking and Financial Services Fund Direct Growth
Mirae Asset Banking and Financial Services Fund Direct Growth is one of the equity schemes that the Mirae Asset Mutual Fund administers. This open-ended equity scheme focuses on investing in companies within the Banking & Financial Services Sector. The fund manager adopts a broad analysis of industry trends and business cycles to identify potential beneficiaries of growth in this sector. This approach allows the fund to invest across market capitalisations in a diverse portfolio of companies aligned with the theme.
Investment Objective of the Scheme
The primary investment objective of Mirae Asset Banking and Financial Services Fund Direct Growth is to achieve long-term capital appreciation. The scheme predominantly invests in equity and equity-related securities of companies operating within the banking and financial services sector to achieve this objective. By targeting companies expected to benefit from the sector's growth prospects, the fund endeavours to deliver attractive returns over an extended investment horizon.
Key Features of The Fund
5-year return | NA |
Expense Ratio | 0.6% |
Fund Manager | Harshad Borawake |
Fund Size | ₹1821.94 Cr |
Risk Profile | Very High |
Is This Scheme Right for Me?
Mirae Asset Banking and Financial Services Fund Direct Growth may appeal to investors seeking long-term capital appreciation and are willing to take on higher levels of risk. If you have a higher risk appetite and are open to the potential volatility associated with equity investments, this fund offers exposure to companies within the banking and financial services sector. It is well-suited for those with long investment horizons to harness the growth potential of the selected companies. Interested investors should carefully assess their financial goals, risk tolerance, and investment time horizon before committing to the scheme.
AMC Contact Details
Name | Mirae Asset Mutual Fund |
Launch Date | November 2007 |
Addresss | Unit No. 606, 6th Floor, Windsor Bldg, Off CST Road, Kalina, Santacruz (East), Mumbai - 400 098. |
Contact | 1800-2090-777 |
customercare@miraeasset.com | |
Website | https://www.miraeassetmf.co.in/ |
Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.
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FAQs
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What is the minimum SIP amount to invest in Mirae Asset Banking and Financial Services Fund?
How do I invest in Mirae Asset Banking and Financial Services Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
- Proceed by clicking the pay button and choosing your mode of payment.
- Your portfolio will be updated with this investment in 3-5 working days.
How to start an SIP in Mirae Asset Banking and Financial Services Fund?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in Mirae Asset Banking and Financial Services Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- Once you verify the OTP, your mandate request will be created.
How can I withdraw/redeem my investment in Mirae Asset Banking and Financial Services Fund?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.