Mirae Asset Banking and Financial Services Fund
The scheme seeks 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.
Growthvine rating: 3/5 — ranked #29 of 85 in category.
Fund basics
| Category | Equity: Sectoral |
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| NAV | ₹20.22 (as of 2026-10-01) |
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| AUM | ₹2,306 Cr |
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| Expense ratio | 1.72% |
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| Riskometer | Very High |
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| Fund manager | Abhijith Vara |
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| Exit load | 1% for redemption within 1 month |
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Performance & risk
| 5-year annualised return | 10.04% |
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| Sharpe ratio | 0.5 |
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| Standard deviation | 15.61% |
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| Max drawdown | −21.88% |
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| Alpha | 3.6 |
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| Beta | 0.97 |
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Over 5 years, captured 106.9% of NIFTY Financial Services's upside and 93.3% of its downside.
Market cap allocation
| Large cap | 60.3% |
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| Mid cap | 17.8% |
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| Small cap | 21.9% |
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Concentration
| Top 5 holdings | 48.4% |
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| Top 10 holdings | 63.4% |
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| Total holdings | 29 |
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Top holdings
- ICICI Bank Ltd. — 14.0%
- HDFC Bank Ltd. — 13.5%
- State Bank Of India — 8.9%
- AXIS Bank Ltd. — 7.9%
- Kotak Mahindra Bank Ltd. — 4.2%
- TREPS — 4.1%
- Bajaj Finance Limited — 3.4%
- L&T Finance Limited — 3.0%
- SBI Life Insurance Company Limited — 2.9%
- KFin Technologies Limited — 2.9%
Top sectors
- Banking & Financial — 68.0%
- Finance & Investments — 17.8%
- Miscellaneous — 7.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −8.1% | Q3 | #57 of 76 |
| 2025 | 19.3% | Q1 (Top) | #5 of 69 |
| 2024 | 11.6% | Q4 (Bottom) | #48 of 58 |
| 2023 | 21.0% | Q4 (Bottom) | #41 of 48 |
| 2022 | 13.0% | Q2 | #16 of 46 |