Mirae Asset Banking And Financial Services Fund Overview
Category Banking and Financial Fund
BMSMONEY Rank 6
BMSMONEY Rating
Gro. Opt. As On: 02-12-2024
NAV ₹18.83(R) +0.2% ₹20.06(D) +0.21%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 16.48% 14.73% -% -% -%
LumpSum (D) 18.19% 16.5% -% -% -%
SIP (R) 13.57% 18.54% -% -% -%
SIP (D) 15.26% 20.32% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.52 0.31 0.65 3.86% 0.08
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.6% -15.64% -12.84% 0.95 9.35%
Top Banking and Financial Fund
Fund Name Rank Rating
Invesco India Financial Services Fund 1
Sbi Banking & Financial Services Fund 2
Baroda BNP Paribas Banking & Financial Services Fund 3

NAV Date: 02-12-2024

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and Financial Services Fund Regular Growth 18.83
0.0400
0.2000%
Mirae Asset Banking and Financial Services Fund Regular IDCW 18.86
0.0400
0.2000%
Mirae Asset Banking and Financial Services Fund Direct IDCW 19.99
0.0400
0.2100%
Mirae Asset Banking and Financial Services Fund Direct Growth 20.06
0.0400
0.2100%

Review Date: 02-12-2024

Mirae Asset Banking and Financial Services Fund has shown average performance in the Banking and Financial Services Fund category. The fund has rank of 6 out of 13 funds in the category. The fund has delivered return of 16.48% in 1 year and 14.73% in 3 years. The category average for the same periods is 17.0% and 15.28% respectively, which shows good return performance of fund in the category. The fund has exhibited standard deviation of 14.6, VaR of -15.64, Average Drawdown of -3.6, Semi Deviation of 9.35 and Max Drawdown of -12.84. The category average for the same parameters is 14.48, -16.69, -4.05, 9.5 and -12.93 respectively. The fund has low risk in the category.
  • standard deviation of 14.6 and based on VaR one can expect to lose more than -15.64% of current value of fund in one year.
  • Sharpe ratio of the fund is 0.52 which shows good performance of fund in the banking and financial services fund category.
  • The fund has R-square of 0.89, Beta of 0.95 and Jensen's Alpha of 3.86% which exhibit good performance in the banking and financial services fund category .


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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.57
    0.79
    		-0.98 | 2.34 13 | 21 Average
    3M Return % 0.29
    -0.09
    		-10.93 | 3.40 11 | 21 Good
    6M Return % 6.04
    5.17
    		-8.35 | 10.87 12 | 20 Average
    1Y Return % 16.48
    17.00
    		7.14 | 26.25 8 | 17 Good
    3Y Return % 14.73
    15.28
    		12.88 | 18.66 7 | 13 Good
    1Y SIP Return % 13.57
    12.26
    		-3.29 | 21.51 8 | 17 Good
    3Y SIP Return % 18.54
    18.85
    		13.42 | 25.27 7 | 13 Good
    Standard Deviation 14.60
    14.48
    		13.32 | 15.53 8 | 13 Good
    Semi Deviation 9.35
    9.50
    		9.00 | 10.38 6 | 13 Good
    Max Drawdown % -12.84
    -12.93
    		-15.65 | -11.35 8 | 13 Good
    VaR 1 Y % -15.64
    -16.69
    		-19.69 | -14.36 4 | 13 Very Good
    Average Drawdown % -3.60
    -4.05
    		-4.69 | -3.44 2 | 13 Very Good
    Sharpe Ratio 0.52
    0.57
    		0.39 | 0.78 8 | 13 Good
    Sterling Ratio 0.65
    0.68
    		0.54 | 0.82 6 | 13 Good
    Sortino Ratio 0.31
    0.32
    		0.24 | 0.42 7 | 13 Good
    Jensen Alpha % 3.86
    4.41
    		1.36 | 8.38 7 | 13 Good
    Treynor Ratio 0.08
    0.09
    		0.06 | 0.13 7 | 13 Good
    Modigliani Square Measure % 14.79
    15.61
    		12.41 | 18.84 9 | 13 Average
    Alpha % 3.33
    3.61
    		0.22 | 7.19 7 | 13 Good
    Return data last Updated On : Dec. 2, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 0.69 0.90 -0.86 | 2.51 13 | 21
    3M Return % 0.65 0.25 -10.57 | 3.76 11 | 21
    6M Return % 6.81 5.88 -7.60 | 11.76 10 | 20
    1Y Return % 18.19 18.52 8.95 | 27.64 8 | 17
    3Y Return % 16.50 16.66 14.43 | 20.27 7 | 13
    1Y SIP Return % 15.26 13.74 -1.64 | 23.15 7 | 17
    3Y SIP Return % 20.32 20.27 15.11 | 26.94 7 | 13
    Standard Deviation 14.60 14.48 13.32 | 15.53 8 | 13
    Semi Deviation 9.35 9.50 9.00 | 10.38 6 | 13
    Max Drawdown % -12.84 -12.93 -15.65 | -11.35 8 | 13
    VaR 1 Y % -15.64 -16.69 -19.69 | -14.36 4 | 13
    Average Drawdown % -3.60 -4.05 -4.69 | -3.44 2 | 13
    Sharpe Ratio 0.52 0.57 0.39 | 0.78 8 | 13
    Sterling Ratio 0.65 0.68 0.54 | 0.82 6 | 13
    Sortino Ratio 0.31 0.32 0.24 | 0.42 7 | 13
    Jensen Alpha % 3.86 4.41 1.36 | 8.38 7 | 13
    Treynor Ratio 0.08 0.09 0.06 | 0.13 7 | 13
    Modigliani Square Measure % 14.79 15.61 12.41 | 18.84 9 | 13
    Alpha % 3.33 3.61 0.22 | 7.19 7 | 13
    Return data last Updated On : Dec. 2, 2024.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D 0.20 ₹ 10,020.00 0.21 ₹ 10,021.00
    1W 0.32 ₹ 10,032.00 0.36 ₹ 10,036.00
    1M 0.57 ₹ 10,057.00 0.69 ₹ 10,069.00
    3M 0.29 ₹ 10,029.00 0.65 ₹ 10,065.00
    6M 6.04 ₹ 10,604.00 6.81 ₹ 10,681.00
    1Y 16.48 ₹ 11,648.00 18.19 ₹ 11,819.00
    3Y 14.73 ₹ 15,103.00 16.50 ₹ 15,811.00
    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 13.57 ₹ 12,863.81 15.26 ₹ 12,969.26
    3Y ₹ 36000 18.54 ₹ 47,315.27 20.32 ₹ 48,511.30
    5Y ₹ 60000 ₹ ₹
    7Y ₹ 84000 ₹ ₹
    10Y ₹ 120000 ₹ ₹
    15Y ₹ 180000 ₹ ₹


    Date Mirae Asset Banking And Financial Services Fund NAV Regular Growth Mirae Asset Banking And Financial Services Fund NAV Direct Growth
    02-12-2024 18.831 20.064
    29-11-2024 18.794 20.022
    28-11-2024 18.712 19.934
    27-11-2024 18.845 20.074
    26-11-2024 18.776 20.0
    25-11-2024 18.77 19.993
    22-11-2024 18.394 19.59
    21-11-2024 18.149 19.329
    19-11-2024 18.24 19.424
    18-11-2024 18.121 19.297
    14-11-2024 18.126 19.299
    13-11-2024 18.063 19.232
    12-11-2024 18.495 19.69
    11-11-2024 18.738 19.948
    08-11-2024 18.74 19.948
    07-11-2024 18.932 20.152
    06-11-2024 19.046 20.272
    05-11-2024 18.993 20.215
    04-11-2024 18.724 19.927

    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.