Mirae Asset Banking&Financial Services Fund-Dir(G) logo

Mirae Asset Banking&Financial Services Fund Direct Growth

NAV ₹23.65 as on 17 Nov 2025

RiskVery High

Fund Size₹2,130.33Cr

NAV₹23.65 as on 17 Nov 2025
RiskVery High
Fund Size₹2,130.33Cr

Download 3-in-1 Torus App
Trade at flat ₹11/order & Zero AMC
demat with one powerful SuperApp.

Investment Details
Top Rated Funds

Lock-in

No Lock-in

Min One Time Amount

₹5,000

Min Withdrawal Amount

₹-

Min SIP Amount

₹99

Min Additional Amount

₹1,000

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).

Basic Details

Age

4 years 11 months (Since Dec 11, 2020)

Return since Launch

19.04%

Expense ratio

0.55%

Type

OPEN

AUM (Fund Size)

₹2,130.33

Risk Grade

Very High

Benchmark

Nifty Financial Services TRI

Calculate Your Returns
Select Duration
Choose Amount
Returns
Total investment of ₹2,40,000
Would have become ₹61,949 (+209.74%)
Fund Manager

Name:

Abhijith Vara

Experience:

Sundaram Asset Management Company Limited - January 5,2015 to December 16,2022 Unifi Capital - March 11, 2013 till Dec 2014 Axis Asset Management Company Limited - February 09, 2023 to-till date ) SBI Funds Management Limited - October 03, 2018 to January 31, 2023

RiskometerLevel of risk in the scheme
Moderate
High
Low
Very
High

Your investment will be at Very High Risk

Fund house & investment objective
Rank (total assets)#10 in India
Total AUM₹2,15,433.54Cr
Date of Incorporation20 Nov 2006
Mirae Asset Banking&Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by Mirae Asset Mutual Fund. This scheme was made available to investors on 11 Dec 2020. The fund currently has an Asset Under Management(AUM) of ₹2,15,433.54 Cr and the Latest NAV as of 17 Nov 2025 is ₹23.65.
The Mirae Asset Banking&Financial Services Fund Direct Growth is rated Very High. Minimum SIP Investment is set to ₹99 . Minimum Lumpsum Investment is ₹5,000. Exit load of 1.00%: If units Redeemed or Switched Out within 1 year (365 days) from the date of allotment. Nil after 1 year (365 Days). .
...Read more
Returns and Rankings

Category: Equity Sectoral / Thematic

1Y3Y5YAll
Fund returns22.53%6.05%-4.45%
Category average8.02%6.14%3.98%-
Rank within category116595-

FAQ’s

What kind of returns does Mirae Asset Banking&Financial Services Fund Direct Growth provide?

Mirae Asset Banking&Financial Services Fund Direct Growth has given a return of 19.29% in the past 3 years.

What is the expense ratio charged by Mirae Asset Banking&Financial Services Fund Direct Growth?

The Expense Ratio charged by Mirae Asset Banking&Financial Services Fund Direct Growth is 0.55%.

What is the AUM size of Mirae Asset Banking&Financial Services Fund Direct Growth?

The AUM size of Mirae Asset Banking&Financial Services Fund Direct Growth is ₹2,130.33Cr.

What is the minimum SIP amount that you can invest in Mirae Asset Banking&Financial Services Fund Direct Growth?

₹99 is the minimum SIP amount that you can invest in Mirae Asset Banking&Financial Services Fund Direct Growth .

What are the top stock holdings of Mirae Asset Banking&Financial Services Fund Direct Growth?

The top stock holdings of Mirae Asset Banking&Financial Services Fund Direct Growth include , HDFC Bank Ltd , ICICI Bank Ltd , State Bank of India and Axis Bank Ltd.

Get started with us today and
start building your wealth journey

*By clicking, I agree to the T&C and Whatsapp updates.

Get started with us today and
start building your wealth journey

*By clicking, I agree to the T&C and Whatsapp updates.