Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout
Equity, Sectoral-Banking, Principal at very high risk
1 Year Return 0.09% at 08 Jun 2026 12:55 PM
Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout: Mutual Fund Overview
Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout is an Sectoral-Banking mutual fund with over 5.49 years of performance history. The scheme manages an AUM of ₹2173.93 Cr and has a NAV of ₹20.252. It is rated '3' stars by analysts. Investors can begin a SIP with as little as ₹99.0, making it accessible for all types of investors. In the last 1 year, the fund has delivered a return of 0.09%.
Fund Details
NAV 20.252
Sub-Type Sectoral-Banking
Rating 3
Min. SIP Amount ₹99.0
Fund Age(Year) 5.49
Fund Size(in Crores) 2173.93
Fund Performance
1 Month -2.59%
3 Month -6.6%
6 Month -8.22%
1 Year 0.09%
3 Year 12.5%
5 Year 11.46%
Know This Fund
As on 08 Jun 2026
Investment strategy that balances risk & reward by dividing the investment portfolio among different types of asset classes.
Equity (96.58%) Market Cap Large Cap 63 Mid Cap 15.51 Small Cap 18.06 Top Sectors Financial 81.8 Insurance 7.94 Services 6.84 Top Holding Aadhar Housing Fin 1.03 Aditya Birla Capital 2.69 Axis Bank 8.32 Bajaj Finance 3.3 Bank of Baroda 1.04 BSE 1 Canara HSBC Life Insurance Company 2.05 Care Ratings 1.34 Central Depository Services (India) 1.46 Cholamandalam Financial 0.34 CRISIL 1.03 DCB Bank 1.62 Equitas Small Finance Bank 1.42 General Insurance Corporation of India 1.06 Go Digit General Insurance 1.5 HDB Financial Services 1.93 HDFC Bank 15.88 Home First Finance Company India 1.41 ICICI Bank 13.16 Indusind Bank 1 Karur Vysya Bank 2.4 KFin Technologies 1.55 Kotak Mahindra Bank 3.82 L&T Fin 2.55 MCX 1.9 PB Fintech 1.57 Pine Labs 0.9 Power Fin. Corp. 1.45 SBI Life Insurance Company 3.32 Shriram Finance 2.03 State Bank of India 9.7 The Federal Bank 2.8
Debt & Others (3.42%) Sector Allocation Net Payables -0.03 Repo 3.45 Debt Credit Ratings Debt Category Others 3.42
Comparison with same funds
Equity, Flexi Cap funds Aditya Birla Sun Life Banking & Financial Services Fund Regular-Growth Ret 1M -3.34% Ret 1Y -1.21% Ret 3Y 11.01% Ret 5Y 10.22%
Equity, Flexi Cap funds Aditya Birla Sun Life Banking & Financial Services Fund Regular-IDCW Ret 1M -3.34% Ret 1Y -1.21% Ret 3Y 11.01% Ret 5Y 10.22%
Equity, Flexi Cap funds Aditya Birla Sun Life Banking & Financial Services Fund Regular-IDCW Reinvestment Ret 1M -3.34% Ret 1Y -1.21% Ret 3Y 11.01% Ret 5Y 10.22%
Equity, Flexi Cap funds Axis Nifty Bank Index Fund Regular-Growth Ret 1M -0.02% Ret 1Y -2.51% Ret 3Y 0% Ret 5Y 0%
Equity, Flexi Cap funds Axis Nifty Bank Index Fund Regular-IDCW Payout Ret 1M -0.02% Ret 1Y -2.51% Ret 3Y 0% Ret 5Y 0%
Equity, Flexi Cap funds Axis Nifty Bank Index Fund Regular-IDCW Reinvestment Ret 1M -0.02% Ret 1Y -2.51% Ret 3Y 0% Ret 5Y 0%
Equity, Flexi Cap funds Bajaj Finserv Banking And Financial Services Fund Regular-Growth Ret 1M -1.31% Ret 1Y 0% Ret 3Y 0% Ret 5Y 0%
Equity, Flexi Cap funds Bajaj Finserv Banking And Financial Services Fund Regular-IDCW Payout Ret 1M -1.31% Ret 1Y 0% Ret 3Y 0% Ret 5Y 0%
Equity, Flexi Cap funds Bajaj Finserv Banking And Financial Services Fund Regular-IDCW Reinvestment Ret 1M -1.31% Ret 1Y 0% Ret 3Y 0% Ret 5Y 0%
Equity, Flexi Cap funds Bandhan Financial Services Fund Regular-Growth Ret 1M -2.53% Ret 1Y -4.18% Ret 3Y 0% Ret 5Y 0%
Equity, Flexi Cap funds Bandhan Financial Services Fund Regular-IDCW Ret 1M -2.53% Ret 1Y -4.18% Ret 3Y 0% Ret 5Y 0%
Charges & Taxes Expense Ratio
Returns are taxed as per your Income Tax Slab.
Expense Ratio (Inclusive of GST): 2.06%
Exit Load 1.0%
Stamp Duty 0.005%
Fund Management
The various expenses, charges and taxes associated with your Mutual Fund
Harshad Borawake
Education Mr. Borawake is MBA(Finance) & B.E.(Polymers)
Experience Prior to joining Mirae Asset Mutual Fund, he has worked with Motilal Oswal Securities Ltd. as Vice President and Capmetrics & Risk Solutions Private Ltd. as Research Analyst - Equity.
Gaurav Kochar
Education Mr. Kochar is a Chartered Accountant
Experience Prior to joining Mirae Asset Mutual Fund, he has worked with Kotak Bank as an Internal Auditor for 3 years, later worked for almost 2.5 years in Ambit Capital as a Research Analyst – Banking.
Abhijith Vara
Education PGDM (IIM Kozhikode ), B.Tech(Elec. Engg, IIT Madras)
Experience Prior to joining the Miraem Asset MF, he was associated with Axis AMC, Unifi Capital, Sundaram AMC,
Riskometer
Mutual Fund Investments are subject to market risk. Read all scheme related documents carefully.
Principal at very high risk
AMC and Fund details
Rank (total sets) 28
Date of Incorporation 2020-12-11
Total AUM 223763.21
The Scheme Seeks to generate returns from a portfolio of pure debt oriented funds accessed through the diverse investment styles of underlying schemes selected in accordance with the BSLAMC process.
Take Your Next Step
Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout FAQs
How to invest in Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
Investing in Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout through Motilal Oswal is simple and completely online. You just need to follow the step-by-step process below to get started in a few minutes.
- Log in to your Motilal Oswal account via the app or website
- Go to the Mutual Funds section
- Search for Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout in the search bar
- Select your preferred investment mode – Lumpsum or SIP
- Enter investment details such as amount and linked bank account
- Complete your KYC, if not already done
- Review and confirm details including fund name, plan type, amount, and bank account
- Make the payment using Net Banking, UPI, or other available options
- Receive transaction confirmation via email or SMS
What is the expense ratio of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
The term expense ratio for Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout or any other mutual fund is the annual fee charged by the fund house for managing your investment scheme. The expense ratio of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout is 2.06% as of 08 Jun 2026.
What is the NAV of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
The NAV of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout is ₹20.252 as of 08 Jun 2026.
What is the AUM of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
The AUM (Assets Under Management) of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout is the total value of assets managed by the fund at a given time, which is updated regularly. The AUM of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout is ₹2173.93 Cr as of 08 Jun 2026.
What is the PE and PB ratio of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
The PE ratio of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout shows how much investors are paying for the fund's underlying earnings, while the PB ratio indicates how the fund's holdings are valued compared to their book value.
Can I invest in SIP and Lump Sum in Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
Yes, you can invest in Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout through both SIP (Systematic Investment Plan) and lump sum options, depending on your investment preference and financial goals.
What is the return of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout in the last 5 years?
The return of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout in the last 5 years is 11.46%.
What is the minimum SIP investment required in Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
The minimum SIP investment in Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout depends on the fund's scheme rules and usually starts at a small amount. For Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout, the minimum SIP amount is ₹99.0.
What is the current NAV of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
The NAV of Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout, as of 08 Jun 2026, is ₹20.252.
Who manages the Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout?
The fund managers responsible for Mirae Asset Banking and Financial Services Fund Regular-IDCW Payout are:
- Harshad Borawake
- Gaurav Kochar
- Abhijith Vara