Mirae Asset Banking and Financial Services Fund Direct Growth

Sectoral / ThematicEquity SEBI-regulated

NAV (Direct-Growth)

₹23.7320

As of 3 Jul 2026 · AMFI

AUM

₹2.1K Cr

Expense ratio

0.52%

1Y returns

+5.54%

cat 4.44%

3Y CAGR

+15.55%

cat 13.50%

5Y CAGR

+15.19%

cat 13.41%

Std deviation 3Y

+15.90%

cat 17.08%

In plain English

Mirae Asset Banking and Financial Services Fund Direct Growth is a Sectoral / Thematic scheme from Mirae Asset. The portfolio is ~95% in equities. Long-run track record: about 15.2% CAGR over 5 years. Volatility is typical for equity — 20–30 % drawdowns happen during market stress. Worst historical drawdown: -21% in Jun 2022, recovered in 5 months. Wrong fit if you need this money in less than 7 years.

Auto-generated from holdings, returns and risk data. No paid placement, no copy-pasted boilerplate.

NAV history

Showing Direct · Growth · INF769K01GX9

NAV (Direct-Growth)

₹23.7320

Last 1Y

+5.93%

Jul 25Min ₹20.68 · Max ₹24.55 · 244 ptsJul 26

Drawdown stories

The crashes you should know about — and how long the fund took to recover.

Jun 2022

-21.0%

Peak ₹13.85 on 26 Oct 2021 → trough ₹10.94 on 16 Jun 2022 (8 months down).

Recovered in 5 months· 11 Nov 2022

Mar 2026 — ongoing

-15.8%

Peak ₹24.55 on 18 Feb 2026 → trough ₹20.68 on 30 Mar 2026 (1 months down).

Not yet recovered

Apr 2021

-14.0%

Peak ₹12.01 on 15 Feb 2021 → trough ₹10.32 on 12 Apr 2021 (2 months down).

Recovered in 3 months· 7 Jul 2021

Mar 2025

-12.5%

Peak ₹20.93 on 26 Sept 2024 → trough ₹18.31 on 3 Mar 2025 (5 months down).

Recovered in 2 months· 17 Apr 2025

Computed from the full NAV history. We show drawdowns deeper than 10%, sorted by depth.

Honesty score

A 1–5 grade on the dimensions other sites won't surface — expense bloat, AUM bloat, concentration, mandate compliance.

Honesty score

4 / 5

Solid scheme on the dimensions we check. No red flags.

Expense ratio
0.52% — well below typical 1% for equity.
AUM size
₹2.1K Cr.
Sector concentration
Top 3 sectors = 95.7% — heavy concentration risk.

Computed from expense ratio, AUM, sector concentration and SEBI mandate compliance. No paid review.

Performance

Returns for various periods, with category average and peer rank.

Period	Returns	Category avg	Rank
1W	-1.08%	-0.80%	22/ 28
1M	+7.63%	+7.94%	22/ 28
3M	-2.84%	-2.83%	17/ 24
6M	-1.31%	-0.84%	17/ 24
YTD	-0.26%	-0.60%	16/ 24
1Y	+5.54%	+4.44%	10/ 22
2Y	+12.78%	+9.70%	5/ 20
3Y	+15.55%	+13.50%	6/ 16
5Y	+15.19%	+13.41%	4/ 13
7Y	—	+10.18%	—
10Y	—	+13.89%	—

Portfolio composition

Asset allocation

Equity95.21%
Cash4.79%

By market cap

Large cap60.15%
Mid cap18.47%
Small cap11.45%
Others9.93%

Concentration

Holdings

Avg market cap

₹2.15 L Cr

Top 10 stocks

66.21%

Top 5 stocks

51.50%

Top 3 sectors

95.69%

Top holdings

Top 15 positions by weight, latest disclosure.

#InstrumentSectorWeight

1
HDFC Bank Ltd
—15.64%
1
HDFC Bank Ltd
—15.64%
2
ICICI Bank Ltd
—13.83%
2
ICICI Bank Ltd
—13.83%
3
State Bank of India
—9.78%
3
State Bank of India
—9.78%
4
Axis Bank Ltd
—8.38%
4
Axis Bank Ltd
—8.38%
5
Treps
—4.48%
5
Treps
—4.48%
6
Kotak Mahindra Bank Ltd
—3.87%
6
Kotak Mahindra Bank Ltd
—3.87%
7
SBI Life Insurance Co Ltd
—3.39%
7
SBI Life Insurance Co Ltd
—3.39%
8
Bajaj Finance Ltd
—3.11%

Fundamentals (vs category)

Portfolio-weighted ratios, compared with the category average.

MetricFundCategory avgDiff

P/E ratio17.6218.31-0.69
P/B ratio2.142.26-0.12
Price / Sales3.673.94-0.27
Price / Cash Flow—0.00—
Dividend yield0.96%0.94%+0.02
Return on equity (ROE)14.05%15.70%-1.65

Risk metrics

Standard deviation, Sharpe, Sortino, Beta — all vs category average.

Metric1Y3Y5YCat 1YCat 3YCat 5Y

Standard deviation
Volatility — lower means steadier returns.
14.6815.9015.9122.8417.0817.14
Sharpe ratio
Risk-adjusted return — higher is better.
0.010.570.590.010.420.45
Sortino ratio
Like Sharpe but only counts downside volatility.
0.010.890.960.020.630.70
Beta
1 = moves with the market. <1 = less volatile.
0.960.960.951.040.980.97

Peers in Sectoral / Thematic

Other schemes in the same SEBI category, ranked by AUM.

Peer fundAUM1Y3Y CAGRExpense

Peers in same SEBI category, ranked by AUM. Compare any →

Available plans & options

PlanOptionFull nameISIN

Click a plan to see its NAV and chart above. Direct plans have lower expense ratios than Regular — same portfolio, more of the return stays with you.

NEW

See your SIP through Indian market history

Pick a fund and a start year — get a 60-second cinematic replay of every crash, boom, and headline with your money in it. Real NAV data, no “assumed 12%” lies.

Try Wealth Time Machine

AI · Free

Find what's really inside your funds

Upload your CAS PDF — get instant stock concentration, hidden fund overlap, sector risk, and 3 specific actions, written by AI in plain English.

Run Portfolio X-Ray