Equity · Sectoral/Thematic - Banking/Financial
Mirae Asset Banking and Financial Services Fund
Open in live screener →Key metrics
Latest NAV
₹23.59
Day change
-0.35%
Volatility
16.9%
Sharpe
0.17
Max drawdown
-21.0%
Expense ratio
0.54%
AUM
₹2,186 Cr
Category rank
21 / 30
Trailing returns
| Period | 1W | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
|---|---|---|---|---|---|---|---|---|---|
| Return | -1.43% | 0.05% | 7.09% | 2.10% | 9.39% | 13.54% | 13.19% | – | – |
Returns up to 1Y are absolute; 1Y and longer are annualised (CAGR). Source: public AMFI NAV data.
NAV history
Chart shows the fund's available daily NAV history. Daily NAV data begins around 2006, so older funds may predate this range.
About this fund
Mirae Asset Banking and Financial Services Fund is a sectoral/thematic equity fund offered by Mirae Asset Mutual Fund, classified under Equity as Sectoral/Thematic - Banking/Financial. Because it concentrates on one sector or theme, it typically shows larger price swings than diversified equity funds. Its latest NAV is ₹23.59, with assets under management of about ₹2,186 Cr (April - June 2026).
Performance analysis
Over the trailing one year, Mirae Asset Banking and Financial Services Fund has recorded a return of about 9.4%, with a three-year return of 13.5% and a five-year return of 13.2%. Its annualised volatility is 16.9% — relatively large fluctuations — and its Sharpe ratio is 0.17, a measure of return per unit of risk taken. The direct-plan base expense ratio is 0.54%, deducted daily from the NAV.
Rolling returns
| Window | Avg | Median | Min | Max | % Pos | % >12 |
|---|---|---|---|---|---|---|
| 1Y | 15.67 | 15.46 | -6.89 | 36.49 | 95% | 61% |
| 3Y | 17.63 | 17.58 | 11.91 | 26.33 | 100% | 100% |
| 5Y | 15.37 | 14.96 | 12.96 | 19.17 | 100% | 100% |
Each row takes every possible start date in the fund's history and computes the annualised return (CAGR) over that window. Avg/Median = the typical outcome; Min/Max = worst and best; % Pos = how often the window ended positive; % >12 = how often it beat 12% a year. Higher consistency means timing mattered less.
Frequently asked questions
What does Mirae Asset Banking and Financial Services Fund invest in?
It invests primarily in companies tied to a single sector or theme.
How is this fund classified?
It is a Sectoral/Thematic - Banking/Financial fund in the Equity group.
How often is the NAV updated?
Mutual fund NAVs are declared by the AMC on every business day. This page sources NAV from public AMFI data and refreshes twice daily.
What is its expense ratio?
0.54% (direct plan, base expense ratio), deducted daily from the NAV. Some platforms quote a higher all-in Total TER — verify with the AMC.
How is the rolling return calculated?
Rolling return averages the fund's annualised return over every possible window of a given length across its history, rather than a single start-to-end period — reducing the effect of one lucky or unlucky entry date.
Is past performance a guarantee of future returns?
No. Past performance does not indicate future results; mutual fund values fluctuate with markets. Read all scheme-related documents carefully before investing.
Compare with peers
Similar Sectoral/Thematic - Banking/Financial
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| HDFC Banking & Financial Services Fund Sectoral/Thematic - Banking/Financial | -0.93 | 6.05 | 3.24 | 9.97 | 13.04 | 12.56 | – | – |
| ITI Banking and Financial Services Fund Sectoral/Thematic - Banking/Financial | -0.41 | 7.04 | 3.73 | 12.13 | 12.99 | – | – | 0.58 |
| Kotak Banking and Financial Services Fund Sectoral/Thematic - Banking/Financial | -1.42 | 6.33 | 3.74 | 10.06 | 13.67 | – | – | – |
| BANDHAN FINANCIAL SERVICES FUND Sectoral/Thematic - Banking/Financial | 0.56 | 8.72 | 5.89 | 6.63 | 16.06 | – | – | 0.56 |
| DSP Banking & Financial Services Fund Sectoral/Thematic - Banking/Financial | 0.80 | 10.72 | 10.24 | 18.13 | – | – | – | 0.54 |
| Groww Banking & Financial Services Fund Sectoral/Thematic - Banking/Financial | 2.83 | 11.50 | 15.66 | 17.75 | – | – | – | 0.46 |
| WhiteOak Capital Banking & Financial Services Fund Sectoral/Thematic - Banking/Financial | -0.38 | 8.24 | 5.99 | 7.92 | – | – | – | 0.62 |
| Helios Financial Services Fund Sectoral/Thematic - Banking/Financial | 1.26 | 8.65 | 6.35 | 4.96 | – | – | – | 0.79 |
More funds from Mirae Asset
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y | TER % |
|---|---|---|---|---|---|---|---|---|
| Mirae Asset Focused Fund Equity Scheme - Focused Fund | 0.33 | 9.35 | 10.92 | -1.03 | 7.73 | 6.76 | – | 0.55 |
| Mirae Asset Midcap Fund Equity Scheme - Mid Cap Fund | 0.08 | 8.26 | 13.79 | 12.84 | 16.24 | 16.13 | – | 0.50 |
| Mirae Asset Overnight Fund Income/Debt Oriented Schemes - Overnight Fund | 0.42 | 1.29 | 2.60 | 5.30 | 6.11 | 5.73 | – | 0.07 |
| Mirae Asset Arbitrage Fund Hybrid Scheme - Arbitrage Fund | 0.52 | 1.87 | 3.18 | 6.75 | 7.44 | 6.73 | – | 0.13 |
| Mirae Asset Banking and PSU Debt Fund Income/Debt Oriented Schemes - Banking and PSU Debt Fund | 0.19 | 1.96 | 2.58 | 5.15 | 7.00 | 5.96 | – | – |
| Mirae Asset Diversified Equity Allocator Passive FOF Fund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic) | -2.88 | 2.57 | 1.53 | 1.25 | 10.15 | 9.70 | – | 0.04 |
| Mirae Asset Ultra Short-Term Fund Income/Debt Oriented Schemes - Ultra Short Term Fund | 0.62 | 2.14 | 3.78 | 6.88 | 7.48 | 6.69 | – | – |
| Mirae Asset Nifty 100 ESG Sector Leaders Fund of Fund Fund of Funds Scheme (Domestic) - Fund of Funds Scheme (Domestic) | -3.62 | 2.18 | -0.92 | -4.20 | 8.10 | 6.29 | – | 0.08 |
Returns ≥ 1Y are annualised (CAGR). TER = direct-plan base expense ratio. Click a fund to open its page.