Mirae Asset Banking And Financial Services Fund Datagrid
Category Banking and Financial Fund
BMSMONEY Rank 4
Rating
Growth Option 14-07-2026
NAV ₹21.66(R) -1.22% ₹23.62(D) -1.21%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 4.0% 13.35% 12.74% -% -%
Direct 5.51% 15.01% 14.46% -% -%
Nifty Financial Services TRI 0.01% 10.85% 10.55% 11.17% 14.0%
SIP (XIRR) Regular 5.01% 10.89% 13.22% -% -%
Direct 6.53% 12.52% 14.91% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.44 0.22 0.54 3.11% 0.07
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.82% -12.26% -14.15% 0.99 11.47%
Fund AUM As on: 30/12/2025 2158 Cr
Top Banking and Financial Fund
Fund Name Rank Rating
quant Bfsi Fund 1
Invesco India Financial Services Fund 2
SBI Banking & Financial Services Fund 3
Mirae Asset Banking and Financial Services Fund 4

NAV Date: 14-07-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and Financial Services Fund Regular Growth 21.66
-0.2700
-1.2200%
Mirae Asset Banking and Financial Services Fund Regular IDCW 21.68
-0.2700
-1.2100%
Mirae Asset Banking and Financial Services Fund Direct IDCW 23.51
-0.2900
-1.2100%
Mirae Asset Banking and Financial Services Fund Direct Growth 23.62
-0.2900
-1.2100%

Review Date: 14-07-2026

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 3.11% which is lower than the category average of 3.46%, showing poor performance. The fund has a Sharpe Ratio of 0.44 which is higher than the category average of 0.43.
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 2.81%, 2.57 and -0.27 in last one, three and six months respectively. In the same period the category average return was 2.8%, 4.31% and 0.94% respectively.
  • Mirae Asset Banking and Financial Services Fund has given a return of 5.51% in last one year. In the same period the Nifty Financial Services TRI return was 0.01%. The fund has given 5.5% more return than the benchmark return.
  • The fund has given a return of 15.01% in last three years and rank 6th out of sixteen funds in the category. In the same period the Nifty Financial Services TRI return was 10.85%. The fund has given 4.16% more return than the benchmark return.
  • Mirae Asset Banking and Financial Services Fund has given a return of 14.46% in last five years and category average returns is 13.45% in same period. The fund ranked 4th out of thirteen funds in the category. In the same period the Nifty Financial Services TRI return was 10.55%. The fund has given 3.91% more return than the benchmark return.
  • The fund has given a SIP return of 6.53% in last one year whereas category average SIP return is 8.64%. The fund one year return rank in the category is 13th in 22 funds
  • The fund has SIP return of 12.52% in last three years and ranks 7th in 16 funds. quant Bfsi Fund has given the highest SIP return (21.84%) in the category in last three years.
  • The fund has SIP return of 14.91% in last five years whereas category average SIP return is 13.92%.

Mirae Asset Banking and Financial Services Fund Risk Analysis

  • The fund has a standard deviation of 15.82 and semi deviation of 11.47. The category average standard deviation is 15.84 and semi deviation is 11.7.
  • The fund has a Value at Risk (VaR) of -12.26 and a maximum drawdown of -14.15. The category average VaR is -14.29 and the maximum drawdown is -15.4. 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 % 2.69 1.41
    2.69
    		0.99 | 4.69 11 | 24 Good
    3M Return % 2.20 0.93
    3.97
    		-0.09 | 13.45 22 | 24 Poor
    6M Return % -0.97 -2.88
    0.27
    		-4.11 | 8.39 15 | 24 Average
    1Y Return % 4.00 0.01
    4.22
    		-1.89 | 17.38 10 | 22 Good
    3Y Return % 13.35 10.85
    13.44
    		8.17 | 25.79 7 | 16 Good
    5Y Return % 12.74 10.55
    12.12
    		9.85 | 14.57 4 | 13 Very Good
    1Y SIP Return % 5.01
    7.22
    		-0.48 | 25.15 14 | 22 Average
    3Y SIP Return % 10.89
    10.64
    		5.88 | 19.94 7 | 16 Good
    5Y SIP Return % 13.22
    12.58
    		9.31 | 16.39 6 | 13 Good
    Standard Deviation 15.82
    15.84
    		14.48 | 18.56 8 | 16 Good
    Semi Deviation 11.47
    11.71
    		10.75 | 14.29 6 | 16 Good
    Max Drawdown % -14.15
    -15.40
    		-21.45 | -13.19 2 | 16 Very Good
    VaR 1 Y % -12.26
    -14.29
    		-31.85 | -10.85 6 | 16 Good
    Average Drawdown % 4.36
    5.79
    		4.36 | 10.13 16 | 16 Poor
    Sharpe Ratio 0.44
    0.43
    		0.10 | 0.99 5 | 16 Good
    Sterling Ratio 0.54
    0.51
    		0.30 | 0.80 4 | 16 Very Good
    Sortino Ratio 0.22
    0.21
    		0.08 | 0.46 4 | 16 Very Good
    Jensen Alpha % 3.11
    3.46
    		-2.29 | 18.15 6 | 16 Good
    Treynor Ratio 0.07
    0.08
    		0.02 | 0.26 4 | 16 Very Good
    Modigliani Square Measure % 6.84
    6.71
    		1.56 | 15.43 5 | 16 Good
    Alpha % 3.39
    3.60
    		-2.70 | 18.41 7 | 16 Good
    Return data last Updated On : July 14, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    KPIs: Key Performance Indicators

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    KPIs* Fund Nifty Financial Services TRI Cat. Avg Min | Max Rank (In Cat.) Performance
    1M Return % 2.81 1.41 2.80 1.07 | 4.82 11 | 24 Good
    3M Return % 2.57 0.93 4.31 0.15 | 13.89 21 | 24 Poor
    6M Return % -0.27 -2.88 0.94 -3.63 | 9.24 16 | 24 Average
    1Y Return % 5.51 0.01 5.62 -1.13 | 19.24 10 | 22 Good
    3Y Return % 15.01 10.85 14.87 9.65 | 27.82 6 | 16 Good
    5Y Return % 14.46 10.55 13.45 10.75 | 16.11 4 | 13 Very Good
    1Y SIP Return % 6.53 8.64 0.28 | 27.09 13 | 22 Average
    3Y SIP Return % 12.52 12.04 6.70 | 21.84 7 | 16 Good
    5Y SIP Return % 14.91 13.92 10.16 | 17.94 4 | 13 Very Good
    Standard Deviation 15.82 15.84 14.48 | 18.56 8 | 16 Good
    Semi Deviation 11.47 11.71 10.75 | 14.29 6 | 16 Good
    Max Drawdown % -14.15 -15.40 -21.45 | -13.19 2 | 16 Very Good
    VaR 1 Y % -12.26 -14.29 -31.85 | -10.85 6 | 16 Good
    Average Drawdown % 4.36 5.79 4.36 | 10.13 16 | 16 Poor
    Sharpe Ratio 0.44 0.43 0.10 | 0.99 5 | 16 Good
    Sterling Ratio 0.54 0.51 0.30 | 0.80 4 | 16 Very Good
    Sortino Ratio 0.22 0.21 0.08 | 0.46 4 | 16 Very Good
    Jensen Alpha % 3.11 3.46 -2.29 | 18.15 6 | 16 Good
    Treynor Ratio 0.07 0.08 0.02 | 0.26 4 | 16 Very Good
    Modigliani Square Measure % 6.84 6.71 1.56 | 15.43 5 | 16 Good
    Alpha % 3.39 3.60 -2.70 | 18.41 7 | 16 Good
    Return data last Updated On : July 14, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : June 30, 2026
    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
    14-07-2026 21.655 23.616
    13-07-2026 21.922 23.906
    10-07-2026 21.84 23.814
    09-07-2026 21.512 23.456
    08-07-2026 21.332 23.258
    07-07-2026 21.867 23.841
    06-07-2026 21.901 23.876
    03-07-2026 21.771 23.732
    02-07-2026 21.77 23.73
    01-07-2026 21.708 23.661
    30-06-2026 21.515 23.45
    29-06-2026 21.529 23.464
    25-06-2026 21.572 23.508
    24-06-2026 21.545 23.478
    23-06-2026 21.24 23.144
    22-06-2026 21.45 23.372
    19-06-2026 21.33 23.239
    18-06-2026 21.308 23.214
    17-06-2026 21.199 23.095
    16-06-2026 21.154 23.045
    15-06-2026 21.087 22.97

    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.