Mirae Asset Banking And Financial Services Fund Overview
Category Banking and Financial Fund
BMSMONEY Rank 6
BMSMONEY Rating
Growth Option As On: 24-04-2024
NAV ₹16.99 (R) +0.32% ₹17.94 (D) +0.32%
Returns Gro. Opt. 1Y 3Y 5Y 7Y 10Y
LumpSum Reg. P 25.74% 16.34% -% -% -%
LumpSum Dir. P 27.6% 18.2% -% -% -%
SIP Reg. P 22.54% 15.75% -% -% -%
SIP Dir. P 24.35% 17.52% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.39 0.22 0.53 4.18% 0.06
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.85% -18.03% -15.97% 0.9 9.86%

NAV Date: 24-04-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and Financial Services Fund Regular Growth 16.99
0.0500
0.3200%
Mirae Asset Banking and Financial Services Fund Regular IDCW 17.01
0.0500
0.3100%
Mirae Asset Banking and Financial Services Fund Direct IDCW 17.88
0.0600
0.3200%
Mirae Asset Banking and Financial Services Fund Direct Growth 17.94
0.0600
0.3200%

Review Date: March 28, 2024

The fund has historical rank of 18th in Banking and Financial Services Fund category. Additionally, the fund has three performance parameters that are in the top quartile in the category and two parameters above average and below the top quartile.
Our ranking methodology employs a composite performance score, taking into account the fund's return, risk, and risk-adjusted performance from the past three years. This composite performance score is then crucial in ranking the funds within the respective category.

The Mirae Asset Banking And Financial Services Fund has poor return performance, as all 1 year and above return parameters are below average in Banking and Financial Services Fund category. The details are provided below.'
    '
  1. 1 Month Return%: One month return shows funds performance in very short period of time, the Mirae Asset Banking And Financial Services Fund has given return of -1.62% in last one month which is very poor as it is in the fourth quartile in Banking and Financial Services Fund.
  2. 3 Month Return%: Three month return shows funds performance in short period of time, the Mirae Asset Banking And Financial Services Fund has given return of -0.82% in last three month which is poor as it is in the below average in Banking and Financial Services Fund.
  3. 1 Year Return%: The Mirae Asset Banking And Financial Services Fund has given return of 29.04% in last one year which is poor as it is in the below average in Banking and Financial Services Fund. The one year return rank of Mirae Asset Banking And Financial Services Fund is 7 in 14 funds. The investment of ₹ 10,000 in this fund would have become ₹ 12904.0 in one year.
  4. 3 Year Return%: The Mirae Asset Banking And Financial Services Fund has given return of 13.65% in last three year which is poor as it is in the below average with return rank of 7 in 12 funds. in Banking and Financial Services Fund.
  5. 1 Year SIP Return%: The Mirae Asset Banking And Financial Services Fund has given return of 1.34% in last one year which is poor as it is in the below average with return rank of 10 in 14 funds. in Banking and Financial Services Fund.
  6. 3 Year SIP Return%: The Mirae Asset Banking And Financial Services Fund has given return of 13.98% in last three year which is very poor as it is in the fourth quartile with rank of 9 in 12 funds. in Banking and Financial Services Fund.
    7. '
'

The Mirae Asset Banking And Financial Services Fund has good risk performance, as more than 50% risk parameters are in the top quartile in Banking and Financial Services Fund category. The details are provided below. '
    '
  1. Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The Mirae Asset Banking And Financial Services Fund has standard deviation of 14.85 which is very good as it is in the top quartile with risk rank of 3 in 12 funds. in Banking and Financial Services Fund.
  2. Semi Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. It uses only negative returns for calculation. The Mirae Asset Banking And Financial Services Fund has semi deviation of 9.86 which is very good as it is in the top quartile with risk rank of 1 in 12 funds. in Banking and Financial Services Fund.
  3. Max Drawdown %: It is the maximum observed loss from a peak to a trough of a portfolio before a new peak is attained. The Mirae Asset Banking And Financial Services Fund has max drawdown of -15.97% which is good as it is above average with risk rank of 5 in 12 funds. in Banking and Financial Services Fund.
  4. 1Y VaR at 95%: It is the maximum expected loss of an investment over a given time period with a given probability of confidence. The Mirae Asset Banking And Financial Services Fund has 1Y VaR at 95% of -18.03% which is good as it is above average with risk rank of 4 in 12 funds. in Banking and Financial Services Fund.
  5. Average Drawdown %: It is the average of the drawdowns over a period of time. The Mirae Asset Banking And Financial Services Fund has average drawdown of -4.39% which is very good as it is in the top quartile with risk rank of 3 in 12 funds. in Banking and Financial Services Fund.
    6. '
'

The Mirae Asset Banking And Financial Services Fund has poor risk adjusted performance, as non of above risk adjusted paramerters are above average in Banking and Financial Services Fund category. The details are provided below. '
    '
  1. Sterling Ratio: It is a measure of risk-adjusted return. The Mirae Asset Banking And Financial Services Fund has Sterling Ratio of 0.53 which is poor as it is in the below average with risk rank of 5 in 12 funds. in Banking and Financial Services Fund.
  2. Sortino Ratio: It is a measure of risk-adjusted return. The Mirae Asset Banking And Financial Services Fund has Sortino Ratio of 0.22 which is poor as it is in the below average with risk rank of 5 in 12 funds. in Banking and Financial Services Fund.
  3. Jensen Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Banking And Financial Services Fund has Jensen Alpha of 4.18% which is poor as it is in the below average with risk rank of 7 in 12 funds. in Banking and Financial Services Fund.
  4. Treynor Ratio: It is a measure of risk-adjusted return. The Mirae Asset Banking And Financial Services Fund has Treynor Ratio of 0.06 which is poor as it is in the below average with risk rank of 6 in 12 funds. in Banking and Financial Services Fund.
  5. Modigliani Square Measure %: It is a measure of risk-adjusted return. The Mirae Asset Banking And Financial Services Fund has Modigliani Square Measure of 14.47% which is poor as it is in the below average with risk rank of 7 in 12 funds. in Banking and Financial Services Fund.
  6. Alpha %: It is a measure of risk-adjusted return. The Mirae Asset Banking And Financial Services Fund has Alpha of 3.19% which is poor as it is in the below average with risk rank of 5 in 12 funds. in Banking and Financial Services Fund.
    7. '
'


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 5.12
4.34
3.09 | 6.18 3 | 14
Yes
Yes
No
3M Return % 6.70
5.86
3.27 | 7.49 6 | 14
Yes
No
No
6M Return % 14.50
15.94
10.10 | 21.76 9 | 14
No
No
No
1Y Return % 25.74
27.01
19.95 | 36.58 8 | 14
No
No
No
3Y Return % 16.34
17.10
14.55 | 22.55 5 | 12
No
No
No
1Y SIP Return % 22.54
24.59
15.74 | 36.33 9 | 14
No
No
No
3Y SIP Return % 15.75
16.67
13.48 | 21.23 8 | 12
No
No
No
Standard Deviation 14.85
15.26
14.81 | 16.01 3 | 12
Yes
Yes
No
Semi Deviation 9.86
10.27
9.86 | 10.71 1 | 12
Yes
Yes
No
Max Drawdown % -15.97
-16.30
-18.28 | -12.63 5 | 12
Yes
No
No
VaR 1 Y % -18.03
-19.21
-21.63 | -17.01 4 | 12
Yes
No
No
Average Drawdown % -4.39
-5.01
-5.91 | -3.89 3 | 12
Yes
Yes
No
Sharpe Ratio 0.39
0.43
0.23 | 0.73 6 | 12
No
No
No
Sterling Ratio 0.53
0.56
0.43 | 0.89 5 | 12
No
No
No
Sortino Ratio 0.22
0.24
0.14 | 0.41 5 | 12
No
No
No
Jensen Alpha % 4.18
4.70
1.48 | 8.77 7 | 12
No
No
No
Treynor Ratio 0.06
0.07
0.04 | 0.13 6 | 12
No
No
No
Modigliani Square Measure % 14.47
15.01
11.38 | 20.39 7 | 12
No
No
No
Alpha % 3.19
3.68
0.81 | 7.73 5 | 12
No
No
No
Return data last Updated On : April 24, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Better Than Cat. Avg In 1st Quartile In 4th Quartile
1M Return % 5.24 4.44 3.25 | 6.30 3 | 14
Yes
Yes
No
3M Return % 7.08 6.18 3.55 | 7.85 4 | 14
Yes
Yes
No
6M Return % 15.34 16.65 10.91 | 22.58 9 | 14
No
No
No
1Y Return % 27.60 28.55 22.25 | 38.40 8 | 14
No
No
No
3Y Return % 18.20 18.47 15.69 | 23.52 5 | 12
No
No
No
1Y SIP Return % 24.35 26.11 17.35 | 38.16 9 | 14
No
No
No
3Y SIP Return % 17.52 18.01 14.41 | 22.98 6 | 12
No
No
No
Standard Deviation 14.85 15.26 14.81 | 16.01 3 | 12
Yes
Yes
No
Semi Deviation 9.86 10.27 9.86 | 10.71 1 | 12
Yes
Yes
No
Max Drawdown % -15.97 -16.30 -18.28 | -12.63 5 | 12
Yes
No
No
VaR 1 Y % -18.03 -19.21 -21.63 | -17.01 4 | 12
Yes
No
No
Average Drawdown % -4.39 -5.01 -5.91 | -3.89 3 | 12
Yes
Yes
No
Sharpe Ratio 0.39 0.43 0.23 | 0.73 6 | 12
No
No
No
Sterling Ratio 0.53 0.56 0.43 | 0.89 5 | 12
No
No
No
Sortino Ratio 0.22 0.24 0.14 | 0.41 5 | 12
No
No
No
Jensen Alpha % 4.18 4.70 1.48 | 8.77 7 | 12
No
No
No
Treynor Ratio 0.06 0.07 0.04 | 0.13 6 | 12
No
No
No
Modigliani Square Measure % 14.47 15.01 11.38 | 20.39 7 | 12
No
No
No
Alpha % 3.19 3.68 0.81 | 7.73 5 | 12
No
No
No
Return data last Updated On : April 24, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 28, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.32 ₹ 10032.0 0.32 ₹ 10032.0
1W 3.14 ₹ 10314.0 3.17 ₹ 10317.0
1M 5.12 ₹ 10512.0 5.24 ₹ 10524.0
3M 6.7 ₹ 10670.0 7.08 ₹ 10708.0
6M 14.5 ₹ 11450.0 15.34 ₹ 11534.0
1Y 25.74 ₹ 12574.0 27.6 ₹ 12760.0
3Y 16.34 ₹ 15748.0 18.2 ₹ 16516.0
5Y - ₹ - - ₹ -
7Y - ₹ - - ₹ -
10Y - ₹ - - ₹ -
15Y - ₹ - - ₹ -

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 22.5444 ₹ 13417.5 24.3513 ₹ 13527.612
3Y ₹ 36000 15.7541 ₹ 45470.196 17.5198 ₹ 46624.896
5Y ₹ 60000 - ₹ - - ₹ -
7Y ₹ 84000 - ₹ - - ₹ -
10Y ₹ 120000 - ₹ - - ₹ -
15Y ₹ 180000 - ₹ - - ₹ -


Date NAV Regular Growth NAV Direct Growth
24-04-2024 16.989 17.941
23-04-2024 16.935 17.884
22-04-2024 16.838 17.78
19-04-2024 16.626 17.554
18-04-2024 16.471 17.39
16-04-2024 16.604 17.529
15-04-2024 16.668 17.595
12-04-2024 16.942 17.883
09-04-2024 17.065 18.01
08-04-2024 17.025 17.967
05-04-2024 16.954 17.89
04-04-2024 16.812 17.74
03-04-2024 16.73 17.653
02-04-2024 16.643 17.56
01-04-2024 16.631 17.547
28-03-2024 16.378 17.277
27-03-2024 16.249 17.14
26-03-2024 16.161 17.047
22-03-2024 16.225 17.112
21-03-2024 16.152 17.034
20-03-2024 15.96 16.831
19-03-2024 16.0 16.872
18-03-2024 16.07 16.946
15-03-2024 16.124 17.0
14-03-2024 16.137 17.013
13-03-2024 16.149 17.025
12-03-2024 16.427 17.318
11-03-2024 16.531 17.426
07-03-2024 16.676 17.577
06-03-2024 16.657 17.556
05-03-2024 16.726 17.628
04-03-2024 16.862 17.771
01-03-2024 16.839 17.745
29-02-2024 16.526 17.414
28-02-2024 16.426 17.308
27-02-2024 16.647 17.54
26-02-2024 16.708 17.604
23-02-2024 16.706 17.6
22-02-2024 16.708 17.601
21-02-2024 16.695 17.587
20-02-2024 16.768 17.663
19-02-2024 16.701 17.591
16-02-2024 16.661 17.547
15-02-2024 16.562 17.442
14-02-2024 16.477 17.352
13-02-2024 16.326 17.192
12-02-2024 16.122 16.977
09-02-2024 16.429 17.297
08-02-2024 16.37 17.235
07-02-2024 16.519 17.391
06-02-2024 16.389 17.254
05-02-2024 16.343 17.205
02-02-2024 16.386 17.248
01-02-2024 16.383 17.244
31-01-2024 16.376 17.236
30-01-2024 16.165 17.013
29-01-2024 16.161 17.009
25-01-2024 15.922 16.754
24-01-2024 15.986 16.82
23-01-2024 15.894 16.723
19-01-2024 16.199 17.041
18-01-2024 16.108 16.945
17-01-2024 16.198 17.039
16-01-2024 16.729 17.596
15-01-2024 16.793 17.663
12-01-2024 16.663 17.525
11-01-2024 16.556 17.411
10-01-2024 16.45 17.299
09-01-2024 16.419 17.266
08-01-2024 16.454 17.302
05-01-2024 16.697 17.555
04-01-2024 16.646 17.5
03-01-2024 16.406 17.248
02-01-2024 16.412 17.253
01-01-2024 16.528 17.375
29-12-2023 16.514 17.358
28-12-2023 16.513 17.356
27-12-2023 16.457 17.296
26-12-2023 16.323 17.155
22-12-2023 16.286 17.114
21-12-2023 16.378 17.21
20-12-2023 16.28 17.106
19-12-2023 16.555 17.394
18-12-2023 16.552 17.39
15-12-2023 16.652 17.493
14-12-2023 16.564 17.4
13-12-2023 16.35 17.175
12-12-2023 16.349 17.172
11-12-2023 16.392 17.217
08-12-2023 16.402 17.226
07-12-2023 16.28 17.097
06-12-2023 16.252 17.066
05-12-2023 16.289 17.105
04-12-2023 16.167 16.976
01-12-2023 15.689 16.472
30-11-2023 15.554 16.33
29-11-2023 15.534 16.308
28-11-2023 15.336 16.099
24-11-2023 15.305 16.064
23-11-2023 15.269 16.026
22-11-2023 15.237 15.992
21-11-2023 15.317 16.075
20-11-2023 15.267 16.022
17-11-2023 15.299 16.054
16-11-2023 15.483 16.246
15-11-2023 15.511 16.275
13-11-2023 15.353 16.108
10-11-2023 15.315 16.066
09-11-2023 15.239 15.986
08-11-2023 15.238 15.984
07-11-2023 15.288 16.036
06-11-2023 15.263 16.008
03-11-2023 15.142 15.88
02-11-2023 15.013 15.744
01-11-2023 14.912 15.638
31-10-2023 14.976 15.704
30-10-2023 14.983 15.711
27-10-2023 14.91 15.632
26-10-2023 14.681 15.392
25-10-2023 14.838 15.555
23-10-2023 15.008 15.733
20-10-2023 15.25 15.984
19-10-2023 15.295 16.031
18-10-2023 15.343 16.08
17-10-2023 15.494 16.238
16-10-2023 15.417 16.156
13-10-2023 15.426 16.165
12-10-2023 15.502 16.243
11-10-2023 15.463 16.202
10-10-2023 15.397 16.132
09-10-2023 15.196 15.92
06-10-2023 15.4 16.133
05-10-2023 15.323 16.052
04-10-2023 15.178 15.898
03-10-2023 15.358 16.087
29-09-2023 15.372 16.098
27-09-2023 15.318 16.041
26-09-2023 15.312 16.035
25-09-2023 15.345 16.068
22-09-2023 15.328 16.048
21-09-2023 15.351 16.072
20-09-2023 15.572 16.302
18-09-2023 15.76 16.498
15-09-2023 15.825 16.564
14-09-2023 15.745 16.48
13-09-2023 15.687 16.418
12-09-2023 15.557 16.282
11-09-2023 15.706 16.437
08-09-2023 15.558 16.281
07-09-2023 15.4 16.114
06-09-2023 15.262 15.969
05-09-2023 15.297 16.005
04-09-2023 15.307 16.015
01-09-2023 15.261 15.965
31-08-2023 15.162 15.861
30-08-2023 15.186 15.885
29-08-2023 15.264 15.966
28-08-2023 15.248 15.949
25-08-2023 15.158 15.853
24-08-2023 15.177 15.872
23-08-2023 15.168 15.862
22-08-2023 15.039 15.727
21-08-2023 14.998 15.683
18-08-2023 14.947 15.628
17-08-2023 14.999 15.681
16-08-2023 15.0 15.682
14-08-2023 15.038 15.721
11-08-2023 15.106 15.79
10-08-2023 15.238 15.927
09-08-2023 15.301 15.993
08-08-2023 15.314 16.005
07-08-2023 15.239 15.926
04-08-2023 15.191 15.874
03-08-2023 15.079 15.757
02-08-2023 15.24 15.924
01-08-2023 15.495 16.19
31-07-2023 15.507 16.202
28-07-2023 15.406 16.095
27-07-2023 15.428 16.117
26-07-2023 15.501 16.192
25-07-2023 15.458 16.146
24-07-2023 15.457 16.145
21-07-2023 15.39 16.073
20-07-2023 15.24 15.916
19-07-2023 15.117 15.787
18-07-2023 15.019 15.684
17-07-2023 15.034 15.699
14-07-2023 14.868 15.524
13-07-2023 14.817 15.469
12-07-2023 14.803 15.455
11-07-2023 14.814 15.465
10-07-2023 14.849 15.501
07-07-2023 14.838 15.488
06-07-2023 14.945 15.599
05-07-2023 14.899 15.55
04-07-2023 14.939 15.591
03-07-2023 14.875 15.524
30-06-2023 14.741 15.382
28-06-2023 14.627 15.262
27-06-2023 14.559 15.191
26-06-2023 14.365 14.987
23-06-2023 14.339 14.958
22-06-2023 14.454 15.078
21-06-2023 14.468 15.092
20-06-2023 14.35 14.968
19-06-2023 14.278 14.892
16-06-2023 14.296 14.91
15-06-2023 14.132 14.738
14-06-2023 14.28 14.892
13-06-2023 14.321 14.933
12-06-2023 14.27 14.88
09-06-2023 14.252 14.859
08-06-2023 14.27 14.877
07-06-2023 14.336 14.945
06-06-2023 14.23 14.834
05-06-2023 14.198 14.801
02-06-2023 14.134 14.732
01-06-2023 14.091 14.687
31-05-2023 14.13 14.726
30-05-2023 14.194 14.793
29-05-2023 14.145 14.741
26-05-2023 14.033 14.623
25-05-2023 13.949 14.534
24-05-2023 13.954 14.538
23-05-2023 14.016 14.602
22-05-2023 13.955 14.538
19-05-2023 13.982 14.565
18-05-2023 13.925 14.505
17-05-2023 13.917 14.496
16-05-2023 13.98 14.561
15-05-2023 13.988 14.569
12-05-2023 13.899 14.473
11-05-2023 13.818 14.389
10-05-2023 13.739 14.306
09-05-2023 13.69 14.254
08-05-2023 13.715 14.279
05-05-2023 13.56 14.116
04-05-2023 13.845 14.412
03-05-2023 13.658 14.217
02-05-2023 13.656 14.214
28-04-2023 13.59 14.143
27-04-2023 13.553 14.105
26-04-2023 13.511 14.06
25-04-2023 13.463 14.009
24-04-2023 13.429 13.973

Fund Launch Date: 11/Dec/2020
Fund Category: Banking and Financial Fund
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.
Fund Description: An open-ended equity scheme investing in Banking & Financial Services Sector
Fund Benchmark: Nifty Financial Services Total Return Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.