Mirae Asset Banking And Financial Services Fund Overview
Category Banking and Financial Fund
BMSMONEY Rank 8
Rating
Growth Option 21-02-2025
NAV ₹17.42(R) -0.47% ₹18.62(D) -0.47%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 4.37% 12.21% -% -% -%
Direct 5.9% 13.91% -% -% -%
Nifty Financial Services TRI 13.14% 10.79% 10.61% 12.89% 12.43%
SIP (XIRR) Regular -4.46% 11.73% -% -% -%
Direct -3.02% 13.45% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.32 0.2 0.5 2.49% 0.05
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.86% -15.64% -13.66% 0.96 9.39%
Top Banking and Financial Fund
Fund Name Rank Rating
Sbi Banking & Financial Services Fund 1
Invesco India Financial Services Fund 2
Nippon India Banking & Financial Services Fund 3

NAV Date: 21-02-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and Financial Services Fund Regular Growth 17.42
-0.0800
-0.4700%
Mirae Asset Banking and Financial Services Fund Regular IDCW 17.45
-0.0800
-0.4700%
Mirae Asset Banking and Financial Services Fund Direct IDCW 18.56
-0.0900
-0.4700%
Mirae Asset Banking and Financial Services Fund Direct Growth 18.62
-0.0900
-0.4700%

Review Date: 21-02-2025

Mirae Asset Banking and Financial Services Fund has shown average performance in the Banking and Financial Services Fund category. The fund has rank of 8 out of 14 funds in the category. The fund has delivered return of 4.37% in 1 year and 12.21% in 3 years. The category average for the same periods is 4.8% and 12.93% respectively, which shows average return performance of fund in the category. The fund has exhibited standard deviation of 14.86, VaR of -15.64, Average Drawdown of -4.41, Semi Deviation of 9.39 and Max Drawdown of -13.66. The category average for the same parameters is 14.57, -17.14, -4.93, 9.49 and -13.65 respectively. The fund has low risk in the category.
  • standard deviation of 14.86 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 0.32 which shows average performance of fund in the banking and financial services fund category.
  • The fund has R-square of 0.88, Beta of 0.96 and Jensen's Alpha of 2.49% which exhibit average performance in the banking and financial services fund category .


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    KPIs* Fund Nifty Financial Services TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -0.27 2.80
    -0.58
    		-4.18 | 1.33 10 | 21 Good
    3M Return % -3.99 -0.39
    -3.44
    		-7.09 | 0.67 14 | 21 Average
    6M Return % -5.47 0.22
    -4.95
    		-15.70 | 2.93 14 | 21 Average
    1Y Return % 4.37 13.14
    4.80
    		-10.07 | 14.98 12 | 20 Average
    3Y Return % 12.21 10.79
    12.93
    		9.45 | 15.85 10 | 14 Average
    1Y SIP Return % -4.46
    -3.66
    		-18.51 | 8.61 13 | 20 Average
    3Y SIP Return % 11.73
    12.31
    		5.65 | 16.49 9 | 14 Average
    Standard Deviation 14.86
    14.57
    		13.33 | 15.68 9 | 13 Average
    Semi Deviation 9.39
    9.49
    		8.92 | 10.33 6 | 13 Good
    Max Drawdown % -13.66
    -13.65
    		-16.38 | -11.54 7 | 13 Good
    VaR 1 Y % -15.64
    -17.14
    		-20.66 | -14.36 3 | 13 Very Good
    Average Drawdown % -4.41
    -4.93
    		-5.70 | -4.02 2 | 13 Very Good
    Sharpe Ratio 0.32
    0.35
    		0.14 | 0.55 9 | 13 Average
    Sterling Ratio 0.50
    0.52
    		0.40 | 0.67 7 | 13 Good
    Sortino Ratio 0.20
    0.21
    		0.11 | 0.32 7 | 13 Good
    Jensen Alpha % 2.49
    3.17
    		-0.37 | 6.51 9 | 13 Average
    Treynor Ratio 0.05
    0.06
    		0.02 | 0.09 8 | 13 Good
    Modigliani Square Measure % 11.66
    12.36
    		8.76 | 15.29 9 | 13 Average
    Alpha % 2.09
    2.52
    		-0.58 | 5.61 7 | 13 Good
    Return data last Updated On : Feb. 21, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Jan. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty Financial Services TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -0.15 2.80 -0.47 -4.05 | 1.45 10 | 21
    3M Return % -3.64 -0.39 -3.11 -6.64 | 1.05 14 | 21
    6M Return % -4.77 0.22 -4.30 -15.00 | 3.70 14 | 21
    1Y Return % 5.90 13.14 6.23 -8.59 | 16.70 12 | 20
    3Y Return % 13.91 10.79 14.35 10.96 | 17.42 8 | 14
    1Y SIP Return % -3.02 -2.32 -17.14 | 10.26 13 | 20
    3Y SIP Return % 13.45 13.74 7.28 | 18.10 9 | 14
    Standard Deviation 14.86 14.57 13.33 | 15.68 9 | 13
    Semi Deviation 9.39 9.49 8.92 | 10.33 6 | 13
    Max Drawdown % -13.66 -13.65 -16.38 | -11.54 7 | 13
    VaR 1 Y % -15.64 -17.14 -20.66 | -14.36 3 | 13
    Average Drawdown % -4.41 -4.93 -5.70 | -4.02 2 | 13
    Sharpe Ratio 0.32 0.35 0.14 | 0.55 9 | 13
    Sterling Ratio 0.50 0.52 0.40 | 0.67 7 | 13
    Sortino Ratio 0.20 0.21 0.11 | 0.32 7 | 13
    Jensen Alpha % 2.49 3.17 -0.37 | 6.51 9 | 13
    Treynor Ratio 0.05 0.06 0.02 | 0.09 8 | 13
    Modigliani Square Measure % 11.66 12.36 8.76 | 15.29 9 | 13
    Alpha % 2.09 2.52 -0.58 | 5.61 7 | 13
    Return data last Updated On : Feb. 21, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Jan. 31, 2025
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D -0.47 ₹ 9,953.00 -0.47 ₹ 9,953.00
    1W 0.39 ₹ 10,039.00 0.42 ₹ 10,042.00
    1M -0.27 ₹ 9,973.00 -0.15 ₹ 9,985.00
    3M -3.99 ₹ 9,601.00 -3.64 ₹ 9,636.00
    6M -5.47 ₹ 9,453.00 -4.77 ₹ 9,523.00
    1Y 4.37 ₹ 10,437.00 5.90 ₹ 10,590.00
    3Y 12.21 ₹ 14,129.00 13.91 ₹ 14,782.00
    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 -4.46 ₹ 11,706.55 -3.02 ₹ 11,801.81
    3Y ₹ 36000 11.73 ₹ 42,930.90 13.45 ₹ 44,017.31
    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
    21-02-2025 17.424 18.625
    20-02-2025 17.507 18.713
    19-02-2025 17.495 18.7
    18-02-2025 17.316 18.507
    17-02-2025 17.334 18.526
    14-02-2025 17.356 18.547
    13-02-2025 17.54 18.743
    12-02-2025 17.527 18.729
    11-02-2025 17.506 18.705
    10-02-2025 17.835 19.056
    07-02-2025 18.041 19.273
    06-02-2025 18.092 19.327
    05-02-2025 18.062 19.295
    04-02-2025 17.936 19.16
    03-02-2025 17.552 18.749
    31-01-2025 17.797 19.008
    30-01-2025 17.712 18.916
    29-01-2025 17.649 18.848
    28-01-2025 17.393 18.574
    27-01-2025 17.25 18.421
    24-01-2025 17.377 18.554
    23-01-2025 17.485 18.668
    22-01-2025 17.424 18.603
    21-01-2025 17.472 18.653

    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.