Investment Objective and Approach

The investment objective of the scheme is to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns.

Investment Strategy

The fund follows a focused approach with the following strategy:

- Invest minimum of 80% in Equity and equity related instruments in the Banking and Financial Services Sector.

- The Fund may also invest upto 20% of the net assets of the Scheme in equities and equity related securities of companies other than in Banking and Financial services sector .

- The focus would be to build a portfolio of strong growth companies, reflecting Mirae Assets' most attractive investment ideas at all points of time. The universe of stocks will comprise majorly of companies having robust business models, enjoying sustainable competitive advantages as compared to their competitors and have high return ratios.

The fund invests across companies in the banking and financial services ecosystem including Banks, Non-Banking Finance Companies (NBFCs), Housing Finance Companies (HFCs), Broking and Securities, Stock Exchanges, Depositories, Asset Management Companies (AMCs), Insurance Companies, Credit Card and payment gateway, Digital Financial Institutes, Investment companies and rating agencies etc.

Investment Rationale

The fund targets the financial services sector based on several growth drivers:

- Financial Services sector will be one of the key growth engines as India doubles its GDP to US$5trn*. *based on Government plan.

- Fairly diversified sector with undergoing rapid expansion both in terms of growth and emergence of new sectors.

- Low market penetration across segments provides more room for growth.

Fund Managers

Fund manager : Mr. Gaurav Kochar managing the scheme since 11th December, 2020. However, according to recent data from Groww, Harshad Borawake is the Current Fund Manager of Mirae Asset Banking and Financial Services Fund Direct Growth fund.

Harshad Borawake's Background:

- Mr. Borawake is MBA(Finance) & B.E.(Polymers)

- Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.

About the Fund House (AMC)

Mirae Asset is a global mutual fund amc which diversifies investments by providing innovative solutions to all its clients. Mirae Asset Financial Group is one of the key players in the Asian financial market. Its asset management wing, the Mirae Asset Global Investments, commenced operation in 1997 and has expanded its business globally in a relatively short span of time.

Key Facts about Mirae Asset Mutual Fund:

- AUM ₹202,661.53 Cr. No. of Schemes 143

- Global presence across multiple countries including Australia, Hong Kong, Korea, UAE, UK, US, and Vietnam

- Choose for Long term or Short-Term from various equity oriented or debt oriented funds. We have a fund for every need.

Should I Invest in Mirae Asset Banking and Financial Services Fund?

This fund is suitable for specific investor profiles:

Who Should Consider This Fund:

- Investors who primarily aim for capital appreciation and are ready to take high risk.

- Investors who want some exposure (5-10%) to sectoral funds with an aim to boost portfolio returns.

- Investors with long investment horizons, at least 5 years or longer.

- Investors with high risk appetites.

Important Considerations:

- The risk profile of Mirae Asset Banking & Financial Services Fund is 'High'. Investors should understand that their principal will be at high risk.

- Mirae Asset Banking and Financial Services Fund (G) is meant for investors with a minimum investment horizon of 5-7 years. Due to the asset class nature, expect volatility in your investments over the short term.

- Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Fund Performance:

- Mirae Asset Banking and Financial Services Fund Direct - Growth scheme return performance in last 1 year is 11.49%, in last 3 years is 69.74% and 118.59% since scheme launch. (as of August 23, 2025)

- Mirae Asset Banking and Financial Services Fund (G) was launched on Dec 11, 2020.

Investment Minimums:

- The minimum SIP for Mirae Asset Banking and Financial Services Fund is ₹99.

- In case you want to invest a lump sum, the minimum amount to be invested is ₹5000.

- The expense ratio of Mirae Asset Banking and Financial Services Fund is 0.6% (Direct plan)

- Exit load of 1% if redeemed within one year.

FAQs

What is today's NAV of Mirae Asset Banking and Financial Services Fund?

The latest NAV varies by plan. For the Direct Growth plan, the latest NAV is ₹21.9270 as on 23 Aug 2025 at 4:26 pm.

What is the AUM of Mirae Asset Banking and Financial Services Fund?

It has an AUM of ₹2,042.45 Crores as of August 23, 2025.

What is the expense ratio of Mirae Asset Banking and Financial Services Fund?

The expense ratio of Mirae Asset Banking and Financial Services Fund is 0.6% for the Direct plan and 2.04% for the Regular plan.

What are the returns of Mirae Asset Banking and Financial Services Fund since inception?

Mirae Asset Banking and Financial Services Fund Direct - Growth scheme return performance since scheme launch is 118.59% as of August 23, 2025.

What is the minimum SIP amount to invest in Mirae Asset Banking and Financial Services Fund?

The minimum SIP for Mirae Asset Banking and Financial Services Fund is ₹99.

How do I invest in Mirae Asset Banking and Financial Services Fund?

You can invest through Allvest platform by selecting SIP or lump sum investment options. Complete your KYC and start investing online.

How to start a SIP in Mirae Asset Banking and Financial Services Fund?

Log into your Allvest account, select the fund, choose SIP amount (minimum ₹99), select date, and start your SIP with automated payments.

How do I automate an SIP in Mirae Asset Banking and Financial Services Fund?

Set up auto-debit instructions through your bank account on Allvest platform to ensure automated monthly SIP investments without manual intervention.

How can I withdraw/redeem my investment in Mirae Asset Banking and Financial Services Fund?

You can redeem your investment through Allvest platform anytime, but Exit load of 1% if redeemed within one year.