- AMC
- Mirae Asset Mutual Fund
- Category
- Thematic Fund
- ISIN
- INF769K01GW1
Mirae Asset Banking and Financial Services Fund
₹22.2440
−₹0.2550 (−1.13%)
NAV · Direct · IDCW ·
Mirae Asset Banking and Financial Services Fund's Direct IDCW NAV was ₹22.2440 on 19 Oct 2026, down 1.13% on the day. Its 3-year return is 11.66% a year.
- Expense ratio
- 0.72%
- Fund size
- ₹2,186.12 Cr
- Min. investment
- ₹5,000
NAV history
Between 20 Oct 2025 and 19 Oct 2026, the NAV ranged from ₹20.5880 to ₹24.4410.
Direct · IDCW plan. 3Y, 5Y and since-launch returns are annualised; since launch is absolute until the fund is a year old.
Fund details
- Expense ratio
- 0.72% (Direct)
- Exit load
- 1% if redeemed within 1 month (30 days) from allotment; nil thereafter
- Riskometer
- Very high
- Benchmark
- Nifty Financial Services - TRI
- Launched
- 25 Nov 2020
- Fund managers
- Abhijith Vara
Fund size, expense ratio and minimums as of 16 Oct 2026.
All plans
| Plan | ISIN | NAV | 1 day | Expense ratio | 1 year |
|---|---|---|---|---|---|
| Direct · Growth | INF769K01GX9 | ₹22.3420 | −1.13% | 0.72% | −2.41% |
| Regular · Growth | INF769K01GU5 | ₹20.4120 | −1.14% | 2.11% | −3.80% |
| Direct · IDCW | INF769K01GW1 | ₹22.2440 | −1.13% | 0.72% | −2.43% |
| Regular · IDCW | INF769K01GT7 | ₹20.4370 | −1.14% | 2.11% | −3.80% |
All plans hold the same portfolio. They differ in expense ratio (Direct plans pay no distributor commission) and in how gains are handled (Growth reinvests, IDCW pays out).
Armor risk check
Mirae Asset Banking and Financial Services Fund moves about as much as the market
Volatility, past year
Worst fall, past year
Compared with the Nifty 500 over the past 12 months.
Check it against your portfolio in the appAbout this fund
Mirae Asset Banking and Financial Services Fund is an open-ended mutual fund from Mirae Asset Mutual Fund, in the Thematic Fund category. It began on 25 Nov 2020. It is benchmarked to the Nifty Financial Services - TRI. The fund manages ₹2,186.12 Cr across its plans as of 16 Oct 2026. The Direct · IDCW plan has an expense ratio of 0.72%. The minimum first investment is ₹5,000, and SIPs are available.
FAQs
What is the NAV of Mirae Asset Banking and Financial Services Fund?
The NAV of Mirae Asset Banking and Financial Services Fund (Direct · IDCW) was ₹22.2440 on 19 Oct 2026, down 1.13% from the previous NAV.
What plans does Mirae Asset Banking and Financial Services Fund have?
Mirae Asset Banking and Financial Services Fund has 4 plans: Direct · Growth; Regular · Growth; Direct · IDCW; Regular · IDCW.
What is the expense ratio of Mirae Asset Banking and Financial Services Fund?
The Direct · IDCW plan of Mirae Asset Banking and Financial Services Fund has an expense ratio of 0.72%.
What is the fund size (AUM) of Mirae Asset Banking and Financial Services Fund?
Mirae Asset Banking and Financial Services Fund manages ₹2,186.12 Cr across all plans as of 16 Oct 2026.
What returns has Mirae Asset Banking and Financial Services Fund delivered?
Mirae Asset Banking and Financial Services Fund returned −2.43% over 1Y, +11.66% a year over 3Y, +10.66% a year over 5Y. Past performance does not guarantee future returns.
What is the exit load of Mirae Asset Banking and Financial Services Fund?
Mirae Asset Banking and Financial Services Fund: 1% if redeemed within 1 month (30 days) from allotment; nil thereafter.
What is the minimum investment and SIP amount for Mirae Asset Banking and Financial Services Fund?
The minimum first investment in Mirae Asset Banking and Financial Services Fund is ₹5,000, and ₹1,000 after that. SIPs are available (SIP available Monthly/Quarterly with minimum Rs. 500, minimum 5 instalments, all dates except 29, 30, 31).
How risky is Mirae Asset Banking and Financial Services Fund?
Mirae Asset Banking and Financial Services Fund is rated "very high risk" on SEBI's riskometer.
For information only. Not investment advice or a research report. Past performance does not guarantee future returns. Mutual fund investments are subject to market risks; read all scheme-related documents carefully.
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