Mirae Asset Banking and Financial Services Fund Direct IDCW

Open Ended Schemes(Equity Scheme - Sectoral/ Thematic)Very High Risk★★★★★ISIN INF769K01GW1

NAV · 06-Jul-2026

₹23.7720

+8.37%

-1.32%

1Y (CAGR)

+5.89%

3Y (CAGR)

+14.99%

5Y (CAGR)

+15.13%

Since inception (CAGR)

+16.69%

NAV history

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Risk & SIP analytics

Q2 · 3Y in category

Volatility (3y)

15.54%

Downside dev (3y)

12.06%

Max drawdown (3y)

-15.8%

Sharpe (3y)

0.55

SIP XIRR (3y)

+12.88%

SIP XIRR (5y)

+15.26%

Calendar-year returns

2021 +19.0%2022 +14.7%2023 +22.7%2024 +13.2%2025 +20.9%

Fund facts

Fund managerAbhijith Vara

AUM₹21,467 Cr

Expense ratio0.52% · 2026-05-31

TER · AMFI officialDirect 0.69% · Regular 2.13% (2026-06-30)

Launch date25-Nov-2020

Plan typeOpen Ended · Equity

Min lumpsum₹5,000

Min SIP₹99

Lock-inNone

Volatility17.03

AMCMirae Asset Investment Managers (India) Pvt. Ltd

Objective · The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns.

scheme documents ↗