Mirae Asset Banking and Financial Services Fund
Mirae Asset Banking and Financial Services Fund is a thematic fund of Mirae Asset Investment Managers (India) Pvt. Ltd with ₹2,227 cr under management. It is ahead of its benchmark (Nifty Financial Services TRI) in 3 of 3 periods. Its direct plan charges 0.78% a year. Abhijith Vara has managed it for 1.1 years.
Has Mirae Asset Banking and Financial Services Fund beaten its benchmark?
Ahead of its benchmark, Nifty Financial Services TRI, in 3 of 3 periods in AMFI's figures; +0.18% over the last year against −5.31%.
Period returns
Direct Plan, growth · 3y and longer a year| Period | Fund | Nifty 500 TRI | Ahead |
|---|---|---|---|
| 1 month | −3.29% | −3.60% | — |
| 3 months | −4.58% | −5.03% | — |
| 6 months | −0.80% | −1.83% | — |
| 1 year | +0.18% | −4.06% | +4.24 pts |
| 3 years | +11.72% | +9.27% | +2.45 pts |
| 5 years | +11.34% | +8.00% | +3.34 pts |
| 10 years | — | +12.69% | — |
| Since start from 14 Dec 2020 | +14.90% | — | — |
Official figures
AMFI performance feed, 13 Oct 2026| Period | Direct | Regular | Benchmark | Ahead | Rank |
|---|---|---|---|---|---|
| 1y | +0.18% | −1.24% | −5.31% | +5.49 | 🔒 |
| 3y | +11.70% | +10.10% | +9.40% | +2.30 | 🔒 |
| 5y | +11.33% | +9.68% | +7.23% | +4.10 | 🔒 |
| 10y | — | — | — | — | — |
Value of 100, month-end
Dec 2020 to 13 Oct 2026₹100 put in at the start of Dec 2020 would be ₹218 on 13 Oct 2026, against ₹203 in the Nifty 500 TRI.
What does Mirae Asset Banking and Financial Services Fund cost?
0.78% a year on the direct plan, 2.14% on the regular plan; 2 of 61 funds in its category charge less.
Who manages Mirae Asset Banking and Financial Services Fund?
Abhijith Vara, since 23 Sep 2025.
What does Mirae Asset Banking and Financial Services Fund hold?
32 holdings as of 30 Sep 2026; the ten largest are 65.1% of the fund, the largest HDFC Bank Ltd. at 14.4%.
Mix
Holdings as of 30 Sep 2026Five largest
% of fundFive largest industries
% of fundBy company size
% of equity · SEBI size listsHow does Mirae Asset Banking and Financial Services Fund score against its category?
Seven scores against funds of its kind, and the warning signs it trips.
Are the companies inside any good?
The holdings by valuation, forensic risk, business quality and balance sheet, weighted by their share of the fund.
How is Mirae Asset Banking and Financial Services Fund run?
Turnover, what it bought and sold, its cash and its record in new listings, from its monthly holdings files.
Which funds hold much the same?
The index it is nearest and the funds whose holdings overlap most.
Funds that hold much the same
% of holdings in commonHow much is in its sponsor's own group?
Holdings in companies of the fund house's sponsor group, beside the index.
Questions people ask
Who manages Mirae Asset Banking and Financial Services Fund?
Abhijith Vara (Primary) since 23 Sep 2025.
What is the expense ratio of Mirae Asset Banking and Financial Services Fund?
0.78% a year on the direct plan and 2.14% on the regular plan (expense report, Oct 2026).
How has Mirae Asset Banking and Financial Services Fund done?
Its direct plan returned +11.70% a year over 3 years against +9.40% for its benchmark, Nifty Financial Services TRI, as of 13 Oct 2026.
See Mirae Asset Banking and Financial Services Fund beside your own funds in Valarth
