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Mirae Asset Banking and Financial Services Fund Regular Growth

Mirae Asset Banking and Financial Services Fund Regular Growth

Very High Risk
Equity
Sector - Financial Services
▲ 9.76%3Y Annualized
-0.93%1D Returns

NAV (15 Oct ’26)

₹20.64

Min SIP Amount

₹99.00

Fund Size (AUM)

₹2,195.97 Cr

Mutual Fund SIP Calculator

₹
/Month
₹100₹10L
Years
1Y40Y
%
1%30%
% /Year
0%25%

About Mirae Asset Banking and Financial Services Fund Regular Growth

Mirae Asset Banking and Financial Services Fund Regular Growth is a Sector - Financial Services mutual fund scheme from Mirae Asset Investment Managers (India) Private Limited. The fund was launched on 11 December 2020 and is managed by Abhijith Vara. As of 15 October 2026, the fund has an AUM of ₹2,195.97 Cr and its latest NAV is ₹20.64. The fund has a Very High Risk risk rating.

The fund allows minimum SIP of ₹99 and lumpsum investment starting from ₹5,000.

The fund primarily invests in Financial Services and Technology and its top holdings include HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd, and Kotak Mahindra Bank Ltd. The fund has delivered -1.9% returns over the last 1 year, 9.8% annualised returns over 3 years, 9.1% annualised returns over 5 years, and 13.0% annualised returns since inception.

Mirae Asset Banking and Financial Services Fund Regular Growth may be suitable for investors looking for Sector - Financial Services and who are comfortable with Very High Risk risk.

Top 10 Holdings

NameValueWeighting
HDFC Bank LtdFinancial Services₹317.03 Cr14.44%
ICICI Bank LtdFinancial Services₹299.37 Cr13.63%
State Bank of IndiaFinancial Services₹189.30 Cr8.62%
Axis Bank LtdFinancial Services₹174.77 Cr7.96%
Kotak Mahindra Bank LtdFinancial Services₹98.62 Cr4.49%
Bajaj Finance LtdFinancial Services₹84.95 Cr3.87%
SBI Life Insurance Co LtdFinancial Services₹75.67 Cr3.45%
Aditya Birla Capital LtdFinancial Services₹73.36 Cr3.18%
L&T Finance LtdFinancial Services₹71.58 Cr3.04%
Multi Commodity Exchange of India LtdFinancial Services₹65.21 Cr2.97%

Returns & Rankings

Name3 Year4 Year5 Year
Fund returns+3.85%+9.76%+12.96%+9.15%
Category average (Sector - Financial Services)+2.90%+10.24%+12.33%+9.56%
Rank (Sector - Financial Services)63694048
cc-incontent-mobile

Fund Management

AV

Abhijith Vara

Experience: 1.02 Years

Minimum SIP Amount, Expense Ratio & Exit Load

Mirae Asset Banking and Financial Services Fund Regular Growth Overview
Minimum SIP Amount₹99.00
Expense Ratio

2.11%

Inclusive of GST

Exit LoadIf redeemed within 1 month (30 days) from the date of allotment: 1%

Types of Mutual Funds to Invest in India

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Mirae Asset Banking and Financial Services Fund Regular Growth FAQ's

What are the returns of Mirae Asset Banking and Financial Services Fund Regular Growth?

Mirae Asset Banking and Financial Services Fund Regular Growth has generated -1.9% returns over 1 year, 9.8% over 3 years and 9.1% over 5 years as of 15 October 2026.

What is today's NAV of Mirae Asset Banking and Financial Services Fund Regular Growth?

Currently, the Net Asset Value (NAV) of Mirae Asset Banking and Financial Services Fund Regular Growth is ₹20.64, as of 15 October 2026.

What are the ways to invest in Mirae Asset Banking and Financial Services Fund Regular Growth?

You can invest in Mirae Asset Banking and Financial Services Fund Regular Growth through a lumpsum and a monthly SIP.

What is the minimum SIP investment in Mirae Asset Banking and Financial Services Fund Regular Growth?

The minimum SIP amount for Mirae Asset Banking and Financial Services Fund Regular Growth is ₹500 per instalment.

What is the expense ratio of Mirae Asset Banking and Financial Services Fund Regular Growth?

The expense ratio of Mirae Asset Banking and Financial Services Fund Regular Growth is 2.11%. It represents the annual expenses levied for managing and operating the fund scheme and is deducted from the fund's NAV rather than being charged separately. For example, if you invest ₹5,000, the annual expense is about ₹106.

What is the risk level of Mirae Asset Banking and Financial Services Fund Regular Growth?

As per the fund factsheet published by the fund house, Mirae Asset Banking and Financial Services Fund Regular Growth is considered to carry Very High Risk for its investors.

What are the top holdings of Mirae Asset Banking and Financial Services Fund Regular Growth?

As an equity fund, the portfolio is mainly stock exposure. The top holdings of Mirae Asset Banking and Financial Services Fund Regular Growth include HDFC Bank Ltd, ICICI Bank Ltd, State Bank of India, Axis Bank Ltd and Kotak Mahindra Bank Ltd, based on the latest portfolio disclosure. The fund's holdings may change over time depending on the fund manager's investment strategy.

Is there any lock-in period for Mirae Asset Banking and Financial Services Fund Regular Growth?

Mirae Asset Banking and Financial Services Fund Regular Growth has no lock-in period for its investors. Thus, the investors of this fund are free to redeem their investments on any date as per their requirements.

How can I redeem my investments in Mirae Asset Banking and Financial Services Fund Regular Growth?

You can redeem your investment in Mirae Asset Banking and Financial Services Fund Regular Growth on any business day. The exit load is If redeemed within 1 month (30 days) from the date of allotment: 1%.

Who is the fund manager of Mirae Asset Banking and Financial Services Fund Regular Growth?

Mirae Asset Banking and Financial Services Fund Regular Growth is managed by Abhijith Vara. A fund manager is an experienced finance professional responsible for making investment decisions and managing the fund's portfolio in line with its investment objective.

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