Mirae Asset Banking and Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹2,174 Cr

Expense Ratio

0.52%

ISIN

INF769K01GX9

Minimum SIP

₹1,000

Exit Load

1.00%

Inception Date

11 Dec 2020

About this fund

Mirae Asset Banking and Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by Mirae Asset India Mutual Fund. This fund has been in existence for 5 years, 5 months and 17 days, having been launched on 11-Dec-20.
As of 27-May-26, it has a Net Asset Value (NAV) of ₹22.43, Assets Under Management (AUM) of 2173.94 Crores, and an expense ratio of 0.52%.

Mirae Asset Banking and Financial Services Fund Direct Growth has given a CAGR return of 15.96% since inception.
The fund's asset allocation comprises around 96.58% in equities, 0.00% in debts, and 3.42% in cash & cash equivalents.
You can start investing in Mirae Asset Banking and Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+4.14%

+4.27% (Cat Avg.)

3 Years

+15.33%

+12.82% (Cat Avg.)

5 Years

+13.95%

+12.59% (Cat Avg.)

Since Inception

+15.96%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2026

Equity	₹2,099.57 Cr	96.58%
Others	₹74.37 Cr	3.42%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹345.22 Cr	15.88%
ICICI Bank Ltd	Equity	₹286.16 Cr	13.16%
State Bank of India	Equity	₹210.8 Cr	9.70%
Axis Bank Ltd	Equity	₹180.8 Cr	8.32%
Kotak Mahindra Bank Ltd	Equity	₹82.98 Cr	3.82%
Treps	Cash - Repurchase Agreement	₹75.02 Cr	3.45%
SBI Life Insurance Co Ltd	Equity	₹72.08 Cr	3.32%
Bajaj Finance Ltd	Equity	₹71.73 Cr	3.30%
The Federal Bank Ltd	Equity	₹60.95 Cr	2.80%
Aditya Birla Capital Ltd	Equity	₹58.54 Cr	2.69%
L&T Finance Ltd	Equity	₹55.38 Cr	2.55%
Karur Vysya Bank Ltd	Equity	₹52.09 Cr	2.40%
Canara HSBC Life Insurance Co Ltd	Equity	₹44.59 Cr	2.05%
Shriram Finance Ltd	Equity	₹44.08 Cr	2.03%
HDB Financial Services Ltd	Equity	₹41.97 Cr	1.93%
Multi Commodity Exchange of India Ltd	Equity	₹41.33 Cr	1.90%
DCB Bank Ltd	Equity	₹35.32 Cr	1.62%
PB Fintech Ltd	Equity	₹34.1 Cr	1.57%
KFin Technologies Ltd	Equity	₹33.67 Cr	1.55%
Go Digit General Insurance Ltd	Equity	₹32.71 Cr	1.50%
Central Depository Services (India) Ltd	Equity	₹31.74 Cr	1.46%
Power Finance Corp Ltd	Equity	₹31.48 Cr	1.45%
Equitas Small Finance Bank Ltd Ordinary Shares	Equity	₹30.93 Cr	1.42%
Home First Finance Co India Ltd ---	Equity	₹30.73 Cr	1.41%
CARE Ratings Ltd	Equity	₹29.12 Cr	1.34%
General Insurance Corp of India	Equity	₹23.14 Cr	1.06%
Bank of Baroda	Equity	₹22.51 Cr	1.04%
Aadhar Housing Finance Ltd	Equity	₹22.4 Cr	1.03%
CRISIL Ltd	Equity	₹22.3 Cr	1.03%
BSE Ltd	Equity	₹21.84 Cr	1.00%
IndusInd Bank Ltd	Equity	₹21.84 Cr	1.00%
Pine Labs Ltd	Equity	₹19.57 Cr	0.90%
Cholamandalam Financial Holdings Ltd	Equity	₹7.47 Cr	0.34%
Net Receivables / (Payables)	Cash	₹-0.65 Cr	0.03%

Allocation By Market Cap (Equity)

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹2,046.32 Cr	94.13%
Technology	₹53.25 Cr	2.45%

Risk & Performance Ratios

Fund Managers

Abhijith Vara

Since September 2025

Additional Scheme Detailsas of 30th April 2026

ISIN

INF769K01GX9

Expense Ratio

0.52%

Exit Load

1.00%

Fund Size

₹2,174 Cr

Age

5 years 5 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹4736.72 Cr	-0.3%
Canara Robeco Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹569.08 Cr	-
Canara Robeco Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹569.08 Cr	-
Aditya Birla Sun Life BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹184.70 Cr	-
Motilal Oswal Financial Services Fund Regular Growth Very High Risk	3.0%	1.0%	₹181.21 Cr	-
Motilal Oswal Financial Services Fund Direct Growth Very High Risk	1.5%	1.0%	₹181.21 Cr	-
Edelweiss Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹246.32 Cr	-
Edelweiss Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹246.32 Cr	-
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹274.82 Cr	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹274.82 Cr	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹414.71 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹414.71 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹427.20 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹427.20 Cr	-
HSBC Financial Services Fund Regular Growth Very High Risk	2.7%	1.0%	₹866.16 Cr	7.9%
HSBC Financial Services Fund Direct Growth Very High Risk	1.3%	1.0%	₹866.16 Cr	9.5%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2607.76 Cr	-0.3%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹55.89 Cr	22.7%
Edelweiss Nifty Bank ETF Very High Risk	0.5%	-	₹11.64 Cr	-0.4%
Helios Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹190.72 Cr	2.5%
Helios Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹190.72 Cr	0.9%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.3%	-	₹3.79 Cr	-0.3%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹2852.24 Cr	-2.8%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹359.44 Cr	-2.9%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.8%	1.0%	₹68.56 Cr	6.8%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹68.56 Cr	8.8%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.5%	0.0%	₹591.58 Cr	2.1%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	0.0%	₹591.58 Cr	3.8%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹34.69 Cr	22.5%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.1%	-	₹387.84 Cr	-0.3%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	1.8%	0.0%	₹1828.32 Cr	7.7%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1828.32 Cr	9.3%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹431.79 Cr	-1.7%
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹6341.50 Cr	26.6%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹7469.77 Cr	2.0%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹1673.13 Cr	8.8%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3387.04 Cr	-0.3%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹352.74 Cr	-88.9%
ICICI Prudential Nifty Bank ETF Very High Risk	0.1%	-	₹2861.05 Cr	-0.3%
SBI Nifty Private Bank ETF Very High Risk	0.1%	-	₹400.46 Cr	-2.9%
Bandhan Financial Services Fund Regular Growth Very High Risk	1.9%	0.0%	₹1059.88 Cr	-1.6%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1059.88 Cr	-0.1%
Mirae Asset Nifty Bank ETF Very High Risk	0.1%	-	₹297.08 Cr	-0.2%
SBI Nifty Bank ETF Very High Risk	0.2%	-	₹3658.91 Cr	-0.3%
Quant BFSI Fund Regular Growth Very High Risk	2.5%	1.0%	₹753.02 Cr	20.6%
Baroda BNP Paribas Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹389.40 Cr	0.4%
Quant BFSI Fund Direct Growth Very High Risk	0.9%	1.0%	₹753.02 Cr	22.5%
ICICI Prudential Nifty Financial Services Ex-Bank ETF Very High Risk	0.2%	-	₹273.01 Cr	10.3%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4369.89 Cr	4.4%
HDFC Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹4369.89 Cr	3.2%

About the AMC

Mirae Asset India Mutual Fund

022-6780 0300

https://www.miraeassetmf.co.in/

Total AUM

₹2,06,170 Cr

Address

Unit No. 606, 6th Floor, Mumbai, 400 098

Other Funds by Mirae Asset India Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Platinum Hybrid Long-Short Fund Direct Growth Low to Moderate Risk	-	1.0%	-	-
Mirae Asset Silver ETF FOF Direct Growth Very High Risk	0.4%	0.0%	₹10.45 Cr	-
Mirae Asset Nifty Metal ETF FOF Direct Growth Very High Risk	0.4%	0.0%	₹69.06 Cr	-
Mirae Asset BSE India Defence ETF FOF Direct Growth Very High Risk	0.4%	0.0%	₹46.04 Cr	-
Mirae Asset Infrastructure Fund Direct Growth Very High Risk	1.0%	1.0%	₹398.40 Cr	-
Mirae Asset Multi Factor Passive FOF Direct Growth Very High Risk	2.1%	0.0%	₹23.71 Cr	-
Mirae Asset Gold Silver Passive FoF Direct Growth Very High Risk	0.7%	0.0%	₹1306.36 Cr	-
Mirae Asset CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹110.91 Cr	-
Mirae Asset Income plus Arbitrage Active FOF Direct Growth Moderate Risk	0.1%	0.0%	₹21.68 Cr	-
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹6.47 Cr	5.1%
Mirae Asset BSE Select IPO ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹7.57 Cr	-8.0%
Mirae Asset Small Cap Fund Direct Growth Very High Risk	0.3%	1.0%	₹4123.42 Cr	9.3%
Mirae Asset Nifty India New Age Consumption ETF Fund of Fund Direct Growth Very High Risk	0.3%	0.0%	₹19.16 Cr	-2.2%
Mirae Asset Long Duration Fund Direct Growth Moderate Risk	0.1%	0.0%	₹16.93 Cr	-2.9%
Mirae Asset Gold ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹507.07 Cr	61.6%
Mirae Asset Nifty 50 Index Fund Direct Growth Very High Risk	0.1%	0.0%	₹61.07 Cr	-2.7%
Mirae Asset Nifty LargeMidcap 250 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹37.99 Cr	4.0%
Mirae Asset Nifty Total Market Index Fund Direct Growth Very High Risk	0.2%	0.0%	₹50.22 Cr	1.4%
Mirae Asset Nifty200 Alpha 30 ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹186.66 Cr	8.1%
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF Fund of Fund Regular Growth Very High Risk	0.4%	0.0%	₹266.32 Cr	4.9%
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF Fund of Fund Regular Growth Very High Risk	0.5%	0.0%	₹226.64 Cr	0.4%
Mirae Asset Multi Asset Allocation Fund Direct Growth High Risk	0.3%	1.0%	₹3341.60 Cr	14.4%
Mirae Asset Great Consumer Fund Direct Growth Very High Risk	0.4%	1.0%	₹4455.50 Cr	-0.5%
Mirae Asset Cash Management Direct Growth Low to Moderate Risk	0.1%	0.0%	₹13590.29 Cr	6.2%
Mirae Asset Emerging Bluechip Direct Growth Very High Risk	0.5%	1.0%	₹42337.71 Cr	6.1%
Mirae Asset Large Cap Fund Direct Growth Very High Risk	0.5%	1.0%	₹38239.21 Cr	-0.5%
Mirae Asset Savings Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹2313.74 Cr	5.8%
Mirae Asset Money Market Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹4016.06 Cr	5.9%
Mirae Asset Focused Fund Direct Growth Very High Risk	0.6%	1.0%	₹6596.39 Cr	-5.6%
Mirae Asset Dynamic Bond Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹116.22 Cr	5.5%
Mirae Asset NYSE FANG+ ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹2370.49 Cr	42.7%
Mirae Asset Hybrid Equity Fund Direct Growth Very High Risk	0.4%	1.0%	₹9363.48 Cr	5.1%
Mirae Asset Equity Allocator Fund of Fund Direct Growth Very High Risk	0.2%	0.0%	₹988.79 Cr	1.4%
Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹84.16 Cr	-3.1%
Mirae Asset S&P 500 Top 50 ETF Fund of Fund Direct Growth Very High Risk	0.6%	0.0%	₹816.80 Cr	50.4%
Mirae Asset Nifty SDL Jun 2027 Index Fund Direct Growth Low to Moderate Risk	0.2%	0.0%	₹477.36 Cr	5.4%
Mirae Asset Ultra Short Duration Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1419.73 Cr	6.2%
Mirae Asset Flexi Cap Fund Direct Growth Very High Risk	0.4%	1.0%	₹3959.68 Cr	5.7%
Mirae Asset Banking and Financial Services Fund Direct Growth Very High Risk	0.5%	1.0%	₹2173.94 Cr	4.1%
Mirae Asset Multicap Fund Direct Growth Very High Risk	0.4%	1.0%	₹4954.25 Cr	5.6%
Mirae Asset Nifty India Manufacturing ETF Fund of Fund Direct Growth Very High Risk	0.4%	0.0%	₹118.32 Cr	14.0%
Mirae Asset Tax Saver Fund Direct Growth Very High Risk	0.6%	0.0%	₹25266.67 Cr	4.5%
Mirae Asset Nifty SDL Jun 2028 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹69.09 Cr	4.0%
Mirae Asset Corporate Bond Fund Direct Growth Moderate Risk	0.2%	0.0%	₹46.33 Cr	3.4%
Mirae Asset Hang Seng TECH ETF Fund of Fund Direct Growth Very High Risk	0.5%	0.0%	₹80.37 Cr	4.7%
Mirae Asset Equity Savings Fund Direct Growth Moderately High risk	0.3%	1.0%	₹1918.36 Cr	5.5%
Mirae Asset Banking and PSU Debt Fund Direct Growth Low to Moderate Risk	0.3%	0.0%	₹41.66 Cr	3.0%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Regular Growth Very High Risk	0.9%	1.0%	₹430.67 Cr	81.2%
Mirae Asset Global X Artificial Intelligence & Technology ETF Fund of Fund Direct Growth Very High Risk	0.8%	1.0%	₹430.67 Cr	81.4%
Mirae Asset Global Electric & Autonomous Vehicles ETFs Fund of Fund Direct Growth Very High Risk	2.0%	1.0%	₹74.86 Cr	109.4%

Risk Level

Your principal amount will be at Very High Risk

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Still got questions?
We're here to help.

What is the current NAV of Mirae Asset Banking and Financial Services Fund Direct Growth?

The NAV of Mirae Asset Banking and Financial Services Fund Direct Growth, as of 27-May-2026, is ₹22.43.

What are the returns of Mirae Asset Banking and Financial Services Fund Direct Growth?

The fund has generated 4.14% over the last 1 year and 15.33% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of Mirae Asset Banking and Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 96.58% in equities, 0.00% in bonds, and 3.42% in cash and cash equivalents.

Who manages the Mirae Asset Banking and Financial Services Fund Direct Growth?

The fund managers responsible for Mirae Asset Banking and Financial Services Fund Direct Growth are:-

Abhijith Vara

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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Mirae Asset Banking and Financial Services Fund Direct Growth

Fund Overview