Mirae Asset Banking And Financial Services Fund Overview
Category Banking and Financial Fund
BMSMONEY Rank 7
BMSMONEY Rating
Gro. Opt. As On: 17-01-2025
NAV ₹17.64(R) -1.07% ₹18.82(D) -1.06%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 8.87% 11.04% -% -% -%
LumpSum (D) 10.48% 12.73% -% -% -%
SIP (R) -0.42% 13.14% -% -% -%
SIP (D) 1.08% 14.88% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.47 0.28 0.62 3.74% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.47% -15.64% -12.84% 0.96 9.17%
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: 17-01-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and Financial Services Fund Regular Growth 17.64
-0.1900
-1.0700%
Mirae Asset Banking and Financial Services Fund Regular IDCW 17.66
-0.1900
-1.0600%
Mirae Asset Banking and Financial Services Fund Direct IDCW 18.75
-0.2000
-1.0700%
Mirae Asset Banking and Financial Services Fund Direct Growth 18.82
-0.2000
-1.0600%

Review Date: 17-01-2025

Mirae Asset Banking and Financial Services Fund has exhibited average performance in the Banking and Financial Services Fund category. The fund has rank of 7 out of 14 funds in the category. The fund has delivered return of 8.87% in 1 year and 11.04% in 3 years. The category average for the same periods is 8.85% and 11.5% respectively, which shows good return performance of fund in the category. The fund has exhibited standard deviation of 14.47, VaR of -15.64, Average Drawdown of -3.95, Semi Deviation of 9.17 and Max Drawdown of -12.84. The category average for the same parameters is 14.26, -16.82, -4.47, 9.31 and -12.79 respectively. The fund has low risk in the category.
  • standard deviation of 14.47 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 0.47 which shows average performance of fund in the banking and financial services fund category.
  • The fund has R-square of 0.91, Beta of 0.96 and Jensen's Alpha of 3.74% which exhibit average 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 % -7.79
    -7.15
    		-9.39 | -3.13 15 | 21 Average
    3M Return % -6.00
    -5.62
    		-7.74 | -3.74 13 | 21 Average
    6M Return % -7.25
    -5.05
    		-12.76 | 0.23 16 | 21 Average
    1Y Return % 8.87
    8.85
    		-1.31 | 15.90 9 | 18 Good
    3Y Return % 11.04
    11.50
    		7.94 | 15.26 8 | 14 Good
    1Y SIP Return % -0.42
    0.17
    		-8.85 | 9.62 12 | 18 Average
    3Y SIP Return % 13.14
    13.40
    		7.44 | 19.88 9 | 14 Average
    Standard Deviation 14.47
    14.26
    		13.18 | 15.38 11 | 14 Average
    Semi Deviation 9.17
    9.31
    		8.88 | 10.24 7 | 14 Good
    Max Drawdown % -12.84
    -12.79
    		-15.65 | -11.01 9 | 14 Average
    VaR 1 Y % -15.64
    -16.82
    		-19.69 | -14.36 4 | 14 Very Good
    Average Drawdown % -3.95
    -4.47
    		-5.25 | -3.78 2 | 14 Very Good
    Sharpe Ratio 0.47
    0.51
    		0.22 | 0.77 9 | 14 Average
    Sterling Ratio 0.62
    0.64
    		0.48 | 0.78 8 | 14 Good
    Sortino Ratio 0.28
    0.29
    		0.13 | 0.41 9 | 14 Average
    Jensen Alpha % 3.74
    4.17
    		0.12 | 8.76 9 | 14 Average
    Treynor Ratio 0.07
    0.08
    		0.03 | 0.12 9 | 14 Average
    Modigliani Square Measure % 14.08
    14.72
    		10.46 | 18.73 9 | 14 Average
    Alpha % 4.88
    4.48
    		-0.69 | 9.20 8 | 14 Good
    Return data last Updated On : Jan. 17, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
    KPIs: Key Performance Indicators

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    KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % -7.68 -7.04 -9.24 | -3.00 15 | 21
    3M Return % -5.65 -5.30 -7.42 | -3.35 13 | 21
    6M Return % -6.57 -4.39 -12.04 | 0.98 16 | 21
    1Y Return % 10.48 10.28 0.36 | 17.19 8 | 18
    3Y Return % 12.73 12.90 10.12 | 16.83 8 | 14
    1Y SIP Return % 1.08 1.51 -7.31 | 11.31 10 | 18
    3Y SIP Return % 14.88 14.84 9.09 | 21.51 7 | 14
    Standard Deviation 14.47 14.26 13.18 | 15.38 11 | 14
    Semi Deviation 9.17 9.31 8.88 | 10.24 7 | 14
    Max Drawdown % -12.84 -12.79 -15.65 | -11.01 9 | 14
    VaR 1 Y % -15.64 -16.82 -19.69 | -14.36 4 | 14
    Average Drawdown % -3.95 -4.47 -5.25 | -3.78 2 | 14
    Sharpe Ratio 0.47 0.51 0.22 | 0.77 9 | 14
    Sterling Ratio 0.62 0.64 0.48 | 0.78 8 | 14
    Sortino Ratio 0.28 0.29 0.13 | 0.41 9 | 14
    Jensen Alpha % 3.74 4.17 0.12 | 8.76 9 | 14
    Treynor Ratio 0.07 0.08 0.03 | 0.12 9 | 14
    Modigliani Square Measure % 14.08 14.72 10.46 | 18.73 9 | 14
    Alpha % 4.88 4.48 -0.69 | 9.20 8 | 14
    Return data last Updated On : Jan. 17, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Dec. 31, 2024
    KPIs: Key Performance Indicators

    Investment Period Regular Direct
    Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
    1D -1.07 ₹ 9,893.00 -1.06 ₹ 9,894.00
    1W -0.40 ₹ 9,960.00 -0.37 ₹ 9,963.00
    1M -7.79 ₹ 9,221.00 -7.68 ₹ 9,232.00
    3M -6.00 ₹ 9,400.00 -5.65 ₹ 9,435.00
    6M -7.25 ₹ 9,275.00 -6.57 ₹ 9,343.00
    1Y 8.87 ₹ 10,887.00 10.48 ₹ 11,048.00
    3Y 11.04 ₹ 13,692.00 12.73 ₹ 14,327.00
    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 -0.42 ₹ 11,972.34 1.08 ₹ 12,070.24
    3Y ₹ 36000 13.14 ₹ 43,814.27 14.88 ₹ 44,922.60
    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
    17-01-2025 17.635 18.824
    16-01-2025 17.825 19.025
    15-01-2025 17.602 18.787
    14-01-2025 17.607 18.792
    13-01-2025 17.328 18.493
    10-01-2025 17.705 18.893
    09-01-2025 18.058 19.269
    08-01-2025 18.199 19.419
    07-01-2025 18.336 19.565
    06-01-2025 18.229 19.449
    03-01-2025 18.636 19.882
    02-01-2025 18.8 20.055
    01-01-2025 18.533 19.77
    31-12-2024 18.435 19.665
    30-12-2024 18.488 19.721
    27-12-2024 18.626 19.865
    26-12-2024 18.595 19.832
    24-12-2024 18.56 19.793
    23-12-2024 18.593 19.827
    20-12-2024 18.532 19.759
    19-12-2024 18.749 19.991
    18-12-2024 18.911 20.162
    17-12-2024 19.125 20.39

    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.