NAV on (11 Sep 2026 )
₹23.20 ▲
(+0.19%)
Fund Size
₹2306.05 Crores
1Y Returns
6.73 %
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.
Mirae Asset Global Investments (India) Pvt. Ltd.
Launch Date
November 25, 2020
Fund Manager
Mr. Harshad Borawake
Initial Price
10
AUM Fund
2306.05 Cr
Min investment
Rs 5000
Expense Ratio
0.71%
Monthly - Rs.99/- in multiples of Re.1/- thereafter for a minimum of 5 installments. Quarterly - Rs.99/- in multiples of Re.1/- thereafter for a minimum of 5 installments.
If redeemed within 1 month (30 days) from the date of allotment: 1%If redeemed after 1 month (30 days) from the date of allotment: NIL
1 Month
-1.19%
6 Months
+3.05%
1 Year
+6.73%
2 Years (CAGR)
+8.63%
3 Years (CAGR)
+12.29%
5 Years (CAGR)
+12.80%
| Equity / Mid Cap funds | 1Y | 3Y | Fund Size (Cr) |
|---|---|---|---|
| 35.05% | 0.00% | ₹274.51 | |
| 29.79% | 38.22% | ₹11.04 | |
| 27.70% | 23.26% | ₹7909.93 | |
| 19.48% | 79.64% | ₹922.02 | |
| 19.48% | 79.84% | ₹922.02 |
Q: What is the current NAV of Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW?
A: The latest NAV of Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW is ₹ 23.20 as on 11 Sep 2026.
Q: What type of mutual fund is Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW?
A: Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW is a 'Equity - Banking' type mutual fund managed by 'Mirae Asset Global Investments (India) Pvt. Ltd.'.
Q: What is the expense ratio of Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW?
A: The expense ratio of Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW is 0.71%, which impacts overall returns.
Q: Who manages Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW?
A: Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW is managed by Mr. Harshad Borawake, who oversees investment strategy and portfolio decisions.
Q: Is Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW a good investment?
A: Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW may be suitable depending on your financial goals, risk appetite, and investment horizon. Always evaluate fund performance and consult a financial advisor.
Q: What is the exit load of Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW?
A: The exit load of Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW is If redeemed within 1 month (30 days) from the date of allotment: 1%If redeemed after 1 month (30 days) from the date of allotment: NIL, applicable if redeemed within the specified period.
Q: How is Mirae Asset Banking and Financial Services Fund - Direct Plan - IDCW taxed?
A: Taxation depends on the fund type (equity/debt) and holding period as per Indian tax laws.
