Mirae Asset Banking&Financial Services Fund IDCW
Last Updated NAV Date: 09 Sep 2026
3 Year Returns
10.92%
NAV (₹)
21.2690
1 Day NAV Change
-0.92%
Mirae Asset Banking&Financial Services Fund IDCW is a scheme from Mirae Asset Mutual Fund AMC, launched on 11 Dec 2020 and currently managing ₹ 2306.05 Cr in assets. It sits in the very high risk category on the riskometer, with a minimum SIP of ₹99 and a lump sum of ₹5000. The sections below cover its latest NAV, historical returns, portfolio holdings, and expense ratio.
Mirae Asset Banking&Financial Services Fund IDCW Fund Details
| Min. SIP Amount | ₹ 99 |
| Min. Lumpsum Amount | ₹ 5000 |
| AUM | ₹ 2306.05 Cr |
| Expense Ratio | 2.11% |
| Lock-in Period | No Lock-in Period |
| Inception Date | 11 Dec 2020 |
| Fund Age | 5 Yrs |
Exit Load
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
Fund’s Investment Objective
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.
Calculate Your Mutual Fund Returns
Returns Estimator
Estimation is based on the past performance
Expected Rate of Return
The value of your investment after 5 Years will be
₹4,12,432
Invested Amount
₹3,00,000
Est. Returns
₹1,12,432
Scheme’s Historical Return
Asset Allocation
AUM
₹1,33,309.00 Cr
Cash Holdings
21.45%
Equity
70.84%
Cash
21.45%
Debt
1.71%
Other
6%
Mirae Asset Banking&Financial Services Fund IDCW Sector Holdings
Last Updated: 31 Jul 2026| Sectors | Allocation | Weightage | Value (in Cr.) |
|---|---|---|---|
| Banks | 60.80% | ₹ 1,402.146 | |
| Finance | 18.82% | ₹ 434.032 | |
| Insurance | 7.45% | ₹ 171.793 | |
| Financial Services | 5.04% | ₹ 116.206 | |
| E-Commerce/App based Aggregator | 3.71% | ₹ 85.487 | |
| Credit Rating Agencies | 3.15% | ₹ 72.628 | |
| Stock/ Commodity Brokers | 1.03% | ₹ 23.756 |
Mirae Asset Banking&Financial Services Fund IDCW Stock Holdings
Last Updated: 31 Jul 2026| Name | Allocation | Weightage | Value (in Cr.) | Sector |
|---|---|---|---|---|
| HDFC Bank | 14.51% | ₹ 334.682 | Banks | |
| ICICI Bank | 14.10% | ₹ 325.124 | Banks | |
| SBI | 8.79% | ₹ 202.7 | Banks | |
| Axis Bank | 7.60% | ₹ 175.273 | Banks | |
| Kotak Mah. Bank | 4.00% | ₹ 92.306 | Banks | |
| Bajaj Finance | 3.79% | ₹ 87.358 | Finance | |
| SBI Life Insuran | 3.23% | ₹ 74.575 | Insurance | |
| Aditya Birla Cap | 3.18% | ₹ 73.359 | Finance | |
| L&T Finance Ltd | 3.01% | ₹ 69.405 | Finance | |
| Federal Bank | 2.76% | ₹ 63.661 | Banks |
Fund Manager Details
Risk-O-Meter
Investors understand that their principal will be at Very High Risk
Risk Scale
AMC Information
Mirae Asset Mutual Fund
Funds Managed
100
Assets Managed
₹ 2,32,231.51 Cr
Contact Details
Registered Address
Unit 606,6th Flr,WindsorOff. CST Road,Kalina,Santacruz(E),Mumbai-400098
Managing Director
N/A
Chief Executive Officer
Swarup Anand Mohanty
Compliance Officer
Rimmi Jain
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Disclaimer
The information provided on this page is for informational purposes only and should not be construed as investment advice, recommendation, or solicitation to buy or sell any securities or financial pr...
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