GMP IPO Watch
Mirae Asset Banking and Financial Services Fund
Direct Plan · IDCW · Mirae Asset Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
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Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.34% | +3.52% | 183 of 255 |
| 1M | +2.06% | +1.97% | 136 of 255 |
| 3M | -4.90% | -3.45% | 183 of 252 |
| 6M | -0.30% | +2.92% | 180 of 251 |
| YTD | -5.35% | +1.21% | 211 of 255 |
| 1Y | -2.36% | +1.11% | 151 of 232 |
| 2Y | +6.38% | +2.39% | 58 of 187 |
| 3Y | +12.37% | +12.36% | 83 of 142 |
| 5Y | +10.88% | +9.81% | 53 of 102 |
| INCEPTION | +14.68% | — | — |
Ranked among: Equity Scheme - Sectoral/ Thematic.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +3.64% | +24.93% | -14.17% | 69% | 28% |
| 6M | +7.40% | +30.68% | -17.37% | 77% | 32% |
| 1Y | +15.13% | +36.43% | -6.94% | 94% | 42% |
| 2Y | +16.42% | +33.22% | +3.24% | 100% | 45% |
| 3Y | +17.29% | +26.13% | +10.93% | 100% | 46% |
| 5Y | +14.58% | +19.04% | +9.43% | 100% | 45% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity97.89%
- Debt0.00%
- Cash2.08%
- Other0.03%
Market Cap Split
- Large Cap60.97%
- Mid Cap15.70%
- Small Cap21.22%
- Others2.11%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 18.20 | 17.88 |
| P/B | 2.20 | 2.31 |
| Price / Sales | 3.72 | 3.89 |
| Dividend Yield (%) | 0.94 | 1.15 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| HDFC Bank | Banks | 14.44% | +0.98% |
| ICICI Bank | Banks | 13.63% | -0.35% |
| State Bank of India | Banks | 8.62% | -0.25% |
| Axis Bank | Banks | 7.96% | +0.10% |
| Kotak Bank | Banks | 4.49% | +0.28% |
| Bajaj Finance | Finance | 3.87% | +0.44% |
| SBI Life Insurance | Insurance | 3.45% | +0.52% |
| MCX | Capital Markets | 2.97% | +0.42% |
| KFin Technologies | Capital Markets | 2.93% | +0.02% |
| HDB Financial Services | Finance | 2.74% | +0.08% |
| L&T Finance | Finance | 2.69% | -0.35% |
| Karur Vysya Bank | Banks | 2.62% | +0.00% |
| Aditya Birla Capital | Finance | 2.62% | -0.01% |
| TREPS | Reverse Repo / TREPS | 2.22% | — |
| Canara HSBC Life Insurance Company | Insurance | 2.13% | +0.04% |
View all 32 holdings
| Shriram Finance | Finance | 2.10% | -0.11% |
| Equitas Small Finance Bank | Banks | 2.01% | +0.00% |
| CRISIL | Finance | 1.93% | -0.02% |
| Home First Finance Company | Finance | 1.89% | +0.04% |
| DCB Bank | Banks | 1.75% | +0.00% |
| CDSL | Capital Markets | 1.72% | -0.06% |
| Indusind Bank | Banks | 1.57% | -0.08% |
| Pine Labs | Financial Technology (Fintech) | 1.57% | +0.17% |
| BSE | Capital Markets | 1.41% | — |
| Federal Bank | Banks | 1.30% | -0.82% |
| CARE Ratings | Capital Markets | 1.28% | +0.00% |
| Go Digit General Insurance | Insurance | 1.25% | +0.09% |
| Groww | Capital Markets | 1.00% | +0.02% |
| PB FinTech | Financial Technology (Fintech) | 0.92% | -0.59% |
| GIC of India | Insurance | 0.89% | +0.00% |
| Turtlemint Fintech Solutions | Financial Technology (Fintech) | 0.14% | -0.11% |
| Net Receivables / (Payables) | Net Current Assets | -0.14% | — |
Sector Allocation · Sep 2026
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 16.43 | 16.32 | High Volatility |
| 3Y | 15.75 | 16.10 | Low Volatility |
| 5Y | 16.17 | 15.67 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.42 | -0.32 | Below Average |
| 3Y | 0.43 | -0.45 | Above Average |
| 5Y | 0.36 | 0.29 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.09 | 0.19 | Below Average |
| 3Y | 1.19 | 1.14 | Above Average |
| 5Y | 1.03 | 0.96 | Above Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Beta
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 0.96 | 1.02 | Good Risk Adjusted Returns |
| 3Y | 0.97 | 0.98 | Good Risk Adjusted Returns |
| 5Y | 0.98 | 1.01 | Good Risk Adjusted Returns |
What is this?
This value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Nippon India Taiwan Equity Fund
Regular Plan · IDCW option
|
+59.64% | +47.37% | — | +23.17% |
|
HDFC Pharma and Healthcare Fund
Direct Plan · IDCW Option
|
+25.51% | +31.04% | — | +30.18% |
|
Kotak Healthcare Fund
Regular Plan · IDCW Option
|
+23.57% | — | — | +20.10% |
|
SBI Automotive Opportunities Fund
Direct Plan · IDCW
|
+22.37% | — | — | +11.34% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
|
ICICI Prudential US Bluechip Equity Fund
Regular Plan · IDCW
|
+20.32% | +18.33% | +12.09% | +15.77% |
|
PGIM India Healthcare Fund
Direct Plan · Direct IDCW
|
+20.03% | — | — | +11.89% |
|
Nippon India Japan Equity Fund
Regular Plan · Bonus Option
|
+18.89% | +19.86% | +8.28% | +8.45% |
|
HDFC Defence Fund
Regular Plan · IDCW Option
|
+18.80% | +34.56% | — | +36.67% |
|
HSBC India Export Opportunities Fund
Direct Plan · Growth
|
+18.74% | — | — | +9.24% |
More From Mirae Asset Investment Managers (India) Pvt. Ltd
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Mirae Asset S&P 500 Top 50 ETF Fund of Fund
Direct Plan · Growth
|
+29.35% | +41.95% | +25.08% | +25.94% |
| Mirae Asset Silver ETF | +26.31% | +36.47% | — | +30.17% |
|
Mirae Asset NYSE FANG + ETF Fund of Fund
Direct Plan · Growth
|
+21.29% | +50.85% | +29.57% | +31.68% |
|
Mirae Asset Gold Silver Passive FoF
Direct Plan · IDCW
|
+21.29% | — | — | +35.40% |
|
Mirae Asset Healthcare Fund
Direct Plan · Growth
|
+21.28% | +24.36% | +16.89% | +22.00% |
| Mirae Asset Nifty Metal ETF | +19.77% | — | — | +11.29% |
|
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund
Direct Plan · Growth
|
+18.59% | +34.76% | — | +33.45% |
| Mirae Asset Gold ETF | +16.94% | +31.04% | — | +27.13% |
|
Mirae Asset Gold ETF Fund of Fund
Direct Plan · Growth
|
+16.76% | — | — | +32.55% |
| Mirae Asset NYSE FANG+ ETF | +9.94% | +37.12% | +22.50% | +24.56% |
About This Scheme
Investment 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/Entities engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
Equity and equity related instruments of companies in the Banking and Financial Services Sector in India - 80% to 100%(High)Other equities and equity related Instruments -0% to 20% (High)Debt and Money Market Instruments including schemes of Mutual Fund - 0% to 20% (Low to Medium)Units issued by InVITs - 0% to 10% (Medium to High)
Exit Load
If redeemed within 1 month (30 days) from the date of allotment: 1% If redeemed after 1 month (30 days) from the date of allotment: NIL
Fund Managers
Mr. Abhijith Vara
Mr. Abhijith Vara - Primary
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.