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Mutual fundsSIF

Mirae Asset Banking and Financial Services Fund - Regular Plan - IDCW

NAVs of 8 Nov 2026

Mirae Asset Mutual Fund · Equity fund · Regular plan · IDCW

Sectoral / ThematicRegular · IDCWRisk: Very High
NAV · 6 Nov 2026
₹23.7550 ▲ 2.03%
Mirae Asset Mutual Fund
Fund size₹2,312 crJuly - September 2026
1-month range₹21.63 – 23.76
1 year+3.83%
Expense ratio2.14%regular plan, a year
5 years+12.39%a year

What the fund does

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/Entities engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns. There is no assurance that the investment objective of the Scheme will be achieved.

BenchmarkNifty Financial Services - TRI
Launched11 Dec 2020
Fund houseMirae Asset Mutual Fund
Fund managersAbhijith Vara

NAV history

222324 2026-08-122026-08-252026-09-072026-09-212026-10-052026-10-162026-10-30

Returns

1 week
+8.77%avg 5.4%
1 month
+6.73%avg 2.9%
3 months
+1.21%avg -1.9%
6 months
+4.74%avg 3.1%
This year
+0.26%avg 3.2%
1 year
+3.83%avg 3.7%
3 years (a year)
+14.49%avg 13.8%
5 years (a year)
+12.39%avg 11.8%

Bars: this plan; the thin mark is the Sectoral / Thematic average (regular plans, growth option). Over a year: yearly averages (CAGR). Past returns do not guarantee future returns. Information only, not investment advice.

Monthly returns (%)

YearJanFebMarAprMayJunJulAugSepOctNovDec
2024-0.8
2025-4.3-3.4+9.1+5.2+2.8+4.4-1.8-4.0+1.6+6.1+4.0-0.4
2026+0.2+0.9-14.0+8.9-1.8+6.0+0.0+2.0-7.1-1.4+8.8

Each month's change in NAV (the current month to the latest NAV).

What if you had invested?

Worked out from this plan's actual NAVs. SIP: invested on the first NAV of each month. Taxes and exit loads are not included. Past returns do not guarantee future returns. Information only, not investment advice.

Portfolio as on 30 Sept 2026

Stocks held3032 lines in all
Top 10 stocks65.1%of the fund
Short positions-0.1%sold through derivatives
Net equity97.8%long stocks and derivatives minus shorts

Where the money is

Equity 97.9%Cash & others 2.1%Short -0.1%

Sectors (stocks held)

Banks
58.4%
Finance
17.9%
Capital Markets
11.3%
Insurance
7.7%
Financial Technology (Fintech)
2.6%

Changes since 31 Aug 2026

Share of fund30 Sept 202631 Aug 2026Change
Stocks held97.9%96.0%+1.89
Short positions-0.1%-0.1%-0.04
Cash & others2.1%4.0%-1.89
Top 10 stocks65.1%63.4%+1.74
Number of stocks3029+1
New stocks 1
  • BSE Ltd.1.41%
Bought more 5
  • HDFC Bank Ltd.+0.98
  • SBI Life Insurance Co. Ltd.+0.52
  • Bajaj Finance Ltd.+0.44
  • Multi Commodity Exchange of India Ltd.+0.42
  • Kotak Mahindra Bank Ltd.+0.28
Cut back 5
  • The Federal Bank Ltd.-0.82
  • PB Fintech Ltd.-0.59
  • L&T Finance Ltd.-0.35
  • ICICI Bank Ltd.-0.34
  • State Bank of India-0.25

Change is in percentage points. Bought more and cut back list stocks whose share of the fund moved by at least 0.25 points. A share can also move because the price changed, not only because the fund traded.

Stocks held 30

HoldingSector / type% of fund
HDFC Bank Ltd.
INE040A01034		Banks14.44%
ICICI Bank Ltd.
INE090A01021		Banks13.63%
State Bank of India
INE062A01020		Banks8.62%
Axis Bank Ltd.
INE238A01034		Banks7.96%
Kotak Mahindra Bank Ltd.
INE237A01036		Banks4.49%
Bajaj Finance Ltd.
INE296A01032		Finance3.87%
SBI Life Insurance Co. Ltd.
INE123W01016		Insurance3.45%
Multi Commodity Exchange of India Ltd.
INE745G01043		Capital Markets2.97%
Kfin Technologies Ltd.
INE138Y01010		Capital Markets2.93%
HDB Financial Services Ltd.
INE756I01012		Finance2.74%
L&T Finance Ltd.
INE498L01015		Finance2.69%
Karur Vysya Bank Ltd.
INE036D01028		Banks2.62%
Aditya Birla Capital Ltd.
INE674K01013		Finance2.62%
Canara HSBC Life Insurance Co.Ltd.
INE01TY01017		Insurance2.13%
Shriram Finance Ltd.
INE721A01047		Finance2.10%
Equitas Small Finance Bank Ltd.
INE063P01018		Banks2.01%
CRISIL Ltd.
INE007A01025		Finance1.93%
Home First Finance Company India Ltd.
INE481N01025		Finance1.89%
DCB Bank Ltd.
INE503A01015		Banks1.75%
Central Depository Services (I) Ltd.
INE736A01011		Capital Markets1.72%
IndusInd Bank Ltd.
INE095A01012		Banks1.57%
Pine Labs Ltd.
INE15B701018		Financial Technology (Fintech)1.57%
BSE Ltd.
INE118H01025		Capital Markets1.41%
The Federal Bank Ltd.
INE171A01029		Banks1.30%
CARE Ratings Ltd.
INE752H01013		Capital Markets1.28%
GO Digit General Insurance Ltd.
INE03JT01014		Insurance1.25%
Billionbrains Garage Ventures Ltd.
INE0HOQ01053		Capital Markets1.00%
PB Fintech Ltd.
INE417T01026		Financial Technology (Fintech)0.92%
General Insurance Corporation of India
INE481Y01014		Insurance0.89%
Turtlemint Fintech Solutions Ltd.
INE0OC301013		Financial Technology (Fintech)0.14%

Short positions 1

HoldingSector / type% of fund
Net Receivables / (Payables)–-0.14%

Debt, money market and cash 1

HoldingSector / type% of fund
TREPS–2.22%

From the fund house's monthly portfolio (miraeassetmf.co.in), as on 30 Sept 2026. Percentages are of the fund's net assets; short positions are negative. Published about ten days after each month ends.

Risk

Volatility16.9%yearly, from daily NAVs
Worst fall-15.76%18 Feb 2026 → 30 Mar 2026
RiskometerVery HighVery High

Volatility: how much the NAV moves, as a yearly figure (higher = bumpier). Worst fall: the biggest drop from a high, in the NAV history we hold (from 31 Dec 2020).

Fund details

Fund size (average AUM, July - September 2026)₹2,312 cr across all plans · this plan ₹3.70 cr
Fund houseMirae Asset Mutual Fund
CategoryEquity · Sectoral / Thematic
PlanRegular
OptionIDCW
Expense ratio (TER)Direct 0.78% · Regular 2.14% (5 Nov 2026)
Exit loadIf redeemed within 1 month (30 days) from the date of allotment: 1% If redeemed after 1 month (30 days) from the date of allotment: NIL
Minimum investment₹5,000 · additional ₹1,000
Scheme code (AMFI)148624
ISININF769K01GW1
NAV date6 Nov 2026

Scheme details from the fund's scheme summary document filed with AMFI; expense ratios from AMFI's daily filings.

Other plans of this fund

PlanNAV1 year
Regular · Growth₹21.7830+2.39%
Regular · Growth₹23.8600+3.86%
Regular · IDCW₹21.8110+2.39%

Top Sectoral / Thematic funds (regular plans)

Fund1 year3 years (a year)
Nippon India Taiwan Equity Fund+37.70%+40.44%
HDFC Defence Fund+19.63%+33.69%
HDFC Pharma and Healthcare Fund+26.81%+30.17%
SBI HEALTHCARE OPPORTUNITIES FUND+21.11%+24.39%
HDFC Transportation and Logistics Fund+8.74%+23.82%
UTI - Healthcare Fund+17.70%+23.50%
Mirae Asset Healthcare Fund+22.57%+23.40%
BANK OF INDIA MANUFACTURING & INFRASTRUCTURE FUND+16.15%+22.19%

All Sectoral / Thematic funds ranked › · Compare with others ›

← All mutual funds

Information only, not investment advice.

What is the NAV of Mirae Asset Banking and Financial Services Fund - Regular Plan - IDCW today?

₹23.7550 as of 6 Nov 2026, from AMFI's official NAV data.

What are the returns of Mirae Asset Banking and Financial Services Fund - Regular Plan - IDCW?

1 year: 3.83%, 3 years: 14.49% a year, 5 years: 12.39% a year

What is the difference between direct and regular plans?

Both invest in the same portfolio. Direct plans are bought straight from the fund house and pay no distributor commission, so their expenses are lower and their NAV grows slightly faster.