Mirae Asset Banking And Financial Services Fund Datagrid
Category Banking and Financial Fund
BMSMONEY Rank 4
Rating
Growth Option 04-12-2025
NAV ₹21.85(R) -0.11% ₹23.62(D) -0.11%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 14.02% 16.6% -% -% -%
Direct 15.67% 18.33% -% -% -%
Nifty Financial Services TRI 13.52% 13.8% 15.08% 14.38% 15.78%
SIP (XIRR) Regular 23.55% 18.09% -% -% -%
Direct 25.33% 19.81% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.85 0.5 0.82 2.72% 0.11
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
12.92% -12.26% -11.14% 0.99 8.55%
Fund AUM As on: 30/06/2025 1960 Cr
Top Banking and Financial Fund
Fund Name Rank Rating
Sbi Banking & Financial Services Fund 1
Invesco India Financial Services Fund 2
Nippon India Banking & Financial Services Fund 3

NAV Date: 04-12-2025

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and Financial Services Fund Regular Growth 21.85
-0.0200
-0.1100%
Mirae Asset Banking and Financial Services Fund Regular IDCW 21.87
-0.0200
-0.1100%
Mirae Asset Banking and Financial Services Fund Direct IDCW 23.52
-0.0300
-0.1100%
Mirae Asset Banking and Financial Services Fund Direct Growth 23.62
-0.0300
-0.1100%

Review Date: 04-12-2025

Beginning of Analysis

Mirae Asset Banking and Financial Services Fund is the 4th ranked fund in the Banking and Financial Services Fund category. The category has total 14 funds. The Mirae Asset Banking and Financial Services Fund has shown a very good past performence in Banking and Financial Services Fund. The fund has a Jensen Alpha of 2.72% which is higher than the category average of 2.31%. Here the fund has shown good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.85 which is higher than the category average of 0.82.
The past performance of the fund may or may not be sustained in the future. The review is not investment advice nor is it a recommendation to buy or sell funds. The ranking is based on proprietary methodology developed by bmsmoney. The methodology is based on the past performance of the funds and does not guarantee future performance.
Banking and Financial Services Mutual Funds are ideal for aggressive investors seeking high returns by investing in the banking and financial services sector. These funds offer targeted exposure to banks, NBFCs, insurance companies, and other financial institutions, allowing investors to capitalize on the growth potential of this sector. However, they carry higher risks due to their concentrated exposure and are heavily dependent on the performance of the BFSI sector and macroeconomic factors. Investors should have a long-term investment horizon, a high risk tolerance, and a good understanding of the banking and financial services sector before investing in these funds. Additionally, monitoring economic trends and regulatory changes is crucial for success.

Mirae Asset Banking and Financial Services Fund Return Analysis

The Mirae Asset Banking and Financial Services Fund has delivered a mixed performance across various time horizons, showcasing both strengths and challenges when compared to its Banking and Financial Services Fund peers and the Nifty Financial Services TRI benchmark. This analysis examines the fund’s returns over periods ranging from one month to ten years, alongside its Systematic Investment Plan (SIP) performance, highlighting its rankings within the Banking and Financial Services Fund category and its ability to outperform or underperform the benchmark and category averages.

  • The fund has given a return of 2.21%, 9.84 and 9.35 in last one, three and six months respectively. In the same period the category average return was 1.28%, 8.17% and 7.43% respectively.
  • Mirae Asset Banking and Financial Services Fund has given a return of 15.67% in last one year. In the same period the Nifty Financial Services TRI return was 13.52%. The fund has given 2.15% more return than the benchmark return.
  • The fund has given a return of 18.33% in last three years and rank 4th out of 14 funds in the category. In the same period the Nifty Financial Services TRI return was 13.8%. The fund has given 4.53% more return than the benchmark return.
  • The fund has given a SIP return of 25.33% in last one year whereas category average SIP return is 21.12%. The fund one year return rank in the category is 3rd in 21 funds
  • The fund has SIP return of 19.81% in last three years and ranks 3rd in 14 funds. Sbi Banking & Financial Services Fund has given the highest SIP return (22.63%) in the category in last three years.

Mirae Asset Banking and Financial Services Fund Risk Analysis

  • The fund has a standard deviation of 12.92 and semi deviation of 8.55. The category average standard deviation is 12.47 and semi deviation is 8.54.
  • The fund has a Value at Risk (VaR) of -12.26 and a maximum drawdown of -11.14. The category average VaR is -13.04 and the maximum drawdown is -10.52. The fund has a beta of 0.99 which shows that fund is less volatile than the benchmark.

Standard deviation measures the fund's return volatility and Semi deviation focuses on downside volatility. Value at Risk (VaR) is a measure of the risk of investments. Maximum Drawdown is the maximum loss from a peak to a trough of a portfolio. Beta measures the volatility of the fund compared to the benchmark. A beta of 1 indicates that the fund will move in line with the benchmark. A beta of more than 1 indicates that the fund will be more volatile than the benchmark and vice versa.


  • Very Good Performance in Banking and Financial Services Fund Category
  • Good Performance in Banking and Financial Services Fund Category
  • Poor Performance in Banking and Financial Services Fund Category
  • Very Poor Performance in Banking and Financial Services Fund Category

    • Investors beware: Mutual Fund investments are subject to market risks. Please read the scheme related documents carefully.

    Data Source: www.amfiindia.com

    SEBI Categorization


    KPIs* Fund Nifty Financial Services TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 2.09 1.55
    1.17
    		-0.47 | 2.09 1 | 21 Very Good
    3M Return % 9.44 6.84
    7.81
    		4.39 | 10.30 3 | 21 Very Good
    6M Return % 8.57 5.91
    6.71
    		2.83 | 13.14 4 | 21 Very Good
    1Y Return % 14.02 13.52
    11.09
    		5.09 | 17.04 5 | 21 Very Good
    3Y Return % 16.60 13.80
    15.52
    		11.54 | 19.61 5 | 14 Good
    1Y SIP Return % 23.55
    19.51
    		13.51 | 30.30 3 | 21 Very Good
    3Y SIP Return % 18.09
    16.64
    		12.45 | 21.32 3 | 14 Very Good
    Standard Deviation 12.92
    12.47
    		10.96 | 13.12 11 | 14 Average
    Semi Deviation 8.55
    8.54
    		7.52 | 9.17 8 | 14 Good
    Max Drawdown % -11.14
    -10.53
    		-13.67 | -8.01 10 | 14 Average
    VaR 1 Y % -12.26
    -13.04
    		-16.76 | -10.85 6 | 14 Good
    Average Drawdown % -3.88
    -4.62
    		-5.48 | -3.88 1 | 14 Very Good
    Sharpe Ratio 0.85
    0.82
    		0.46 | 1.11 7 | 14 Good
    Sterling Ratio 0.82
    0.81
    		0.51 | 1.06 6 | 14 Good
    Sortino Ratio 0.50
    0.46
    		0.26 | 0.60 5 | 14 Good
    Jensen Alpha % 2.72
    2.31
    		-3.02 | 7.38 5 | 14 Good
    Treynor Ratio 0.11
    0.11
    		0.06 | 0.16 5 | 14 Good
    Modigliani Square Measure % 16.17
    16.02
    		11.15 | 19.75 8 | 14 Good
    Alpha % 4.19
    3.40
    		-1.15 | 7.71 7 | 14 Good
    Return data last Updated On : Dec. 4, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2025
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty Financial Services TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 2.21 1.55 1.28 -0.31 | 2.21 1 | 21 Very Good
    3M Return % 9.84 6.84 8.17 4.90 | 10.83 3 | 21 Very Good
    6M Return % 9.35 5.91 7.43 3.26 | 14.03 4 | 21 Very Good
    1Y Return % 15.67 13.52 12.59 7.15 | 18.91 5 | 21 Very Good
    3Y Return % 18.33 13.80 16.94 12.41 | 21.20 4 | 14 Very Good
    1Y SIP Return % 25.33 21.12 14.46 | 32.36 3 | 21 Very Good
    3Y SIP Return % 19.81 18.07 13.34 | 22.63 3 | 14 Very Good
    Standard Deviation 12.92 12.47 10.96 | 13.12 11 | 14 Average
    Semi Deviation 8.55 8.54 7.52 | 9.17 8 | 14 Good
    Max Drawdown % -11.14 -10.53 -13.67 | -8.01 10 | 14 Average
    VaR 1 Y % -12.26 -13.04 -16.76 | -10.85 6 | 14 Good
    Average Drawdown % -3.88 -4.62 -5.48 | -3.88 1 | 14 Very Good
    Sharpe Ratio 0.85 0.82 0.46 | 1.11 7 | 14 Good
    Sterling Ratio 0.82 0.81 0.51 | 1.06 6 | 14 Good
    Sortino Ratio 0.50 0.46 0.26 | 0.60 5 | 14 Good
    Jensen Alpha % 2.72 2.31 -3.02 | 7.38 5 | 14 Good
    Treynor Ratio 0.11 0.11 0.06 | 0.16 5 | 14 Good
    Modigliani Square Measure % 16.17 16.02 11.15 | 19.75 8 | 14 Good
    Alpha % 4.19 3.40 -1.15 | 7.71 7 | 14 Good
    Return data last Updated On : Dec. 4, 2025.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2025
    KPIs: Key Performance Indicators

    Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.


    Date Mirae Asset Banking And Financial Services Fund NAV Regular Growth Mirae Asset Banking And Financial Services Fund NAV Direct Growth
    04-12-2025 21.846 23.616
    03-12-2025 21.89 23.663
    02-12-2025 21.871 23.642
    01-12-2025 22.046 23.83
    28-11-2025 22.1 23.885
    27-11-2025 22.127 23.913
    26-11-2025 22.07 23.851
    25-11-2025 21.772 23.528
    24-11-2025 21.733 23.484
    21-11-2025 21.761 23.512
    20-11-2025 21.945 23.71
    19-11-2025 21.896 23.656
    18-11-2025 21.882 23.64
    17-11-2025 21.889 23.647
    14-11-2025 21.678 23.416
    13-11-2025 21.567 23.295
    12-11-2025 21.513 23.235
    11-11-2025 21.435 23.15
    10-11-2025 21.445 23.16
    07-11-2025 21.456 23.17
    06-11-2025 21.274 22.973
    04-11-2025 21.399 23.106

    Fund Launch Date: 11/Dec/2020
    Fund Category: Banking and Financial Fund
    Investment Objective: 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 engaged in banking and financial services sector. The Scheme does not guarantee or assure any returns.
    Fund Description: An open-ended equity scheme investing in Banking & Financial Services Sector
    Fund Benchmark: Nifty Financial Services Total Return Index
    Source: Fund FactSheet

    Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.