Mirae Asset Banking And Financial Services Fund Datagrid
Category Banking and Financial Fund
BMSMONEY Rank 3
Rating
Growth Option 27-04-2026
NAV ₹21.14(R) +0.05% ₹22.98(D) +0.06%
Returns 1Y 3Y 5Y 7Y 10Y
Lumpsum Regular 6.27% 15.98% 14.17% -% -%
Direct 7.81% 17.68% 15.94% -% -%
Nifty Financial Services TRI 0.51% 12.19% 11.89% 11.95% 15.31%
SIP (XIRR) Regular 2.66% 11.33% 13.47% -% -%
Direct 4.16% 12.98% 15.18% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.49 0.24 0.56 3.51% -0.45
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
15.24% -12.26% -14.15% 0.96 11.39%
Fund AUM As on: 30/12/2025 2158 Cr
Top Banking and Financial Fund
Fund Name Rank Rating
Invesco India Financial Services Fund 1
Sbi Banking & Financial Services Fund 2
Mirae Asset Banking and Financial Services Fund 3
Nippon India Banking & Financial Services Fund 4

NAV Date: 27-04-2026

Scheme Name NAV Rupee Change Percent Change
Mirae Asset Banking and Financial Services Fund Regular Growth 21.14
0.0100
0.0500%
Mirae Asset Banking and Financial Services Fund Regular IDCW 21.17
0.0100
0.0500%
Mirae Asset Banking and Financial Services Fund Direct IDCW 22.89
0.0100
0.0600%
Mirae Asset Banking and Financial Services Fund Direct Growth 22.98
0.0100
0.0600%

Review Date: 27-04-2026

Beginning of Analysis

In the Banking and Financial Services Fund category, Mirae Asset Banking and Financial Services Fund is the 4th ranked fund. 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 3.51% which is higher than the category average of 2.24%. Here the fund has shown very good performance in terms of risk adjusted returns. The fund has a Sharpe Ratio of 0.49 which is higher than the category average of 0.42.
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 7.63%, -2.84 and -0.91 in last one, three and six months respectively. In the same period the category average return was 8.83%, -1.41% and -1.5% respectively.
  • Mirae Asset Banking and Financial Services Fund has given a return of 7.81% in last one year. In the same period the Nifty Financial Services TRI return was 0.51%. The fund has given 7.3% more return than the benchmark return.
  • The fund has given a return of 17.68% in last three years and rank 4th out of fifteen funds in the category. In the same period the Nifty Financial Services TRI return was 12.19%. The fund has given 5.49% more return than the benchmark return.
  • Mirae Asset Banking and Financial Services Fund has given a return of 15.94% in last five years and category average returns is 15.16% in same period. The fund ranked 4th out of twelve funds in the category. In the same period the Nifty Financial Services TRI return was 11.89%. The fund has given 4.05% more return than the benchmark return.
  • The fund has given a SIP return of 4.16% in last one year whereas category average SIP return is 3.8%. The fund one year return rank in the category is 10th in 22 funds
  • The fund has SIP return of 12.98% in last three years and ranks 3rd in 15 funds. Invesco India Financial Services Fund has given the highest SIP return (15.65%) in the category in last three years.
  • The fund has SIP return of 15.18% in last five years whereas category average SIP return is 13.97%.

Mirae Asset Banking and Financial Services Fund Risk Analysis

  • The fund has a standard deviation of 15.24 and semi deviation of 11.39. The category average standard deviation is 14.92 and semi deviation is 11.46.
  • The fund has a Value at Risk (VaR) of -12.26 and a maximum drawdown of -14.15. The category average VaR is -13.12 and the maximum drawdown is -14.99. 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 % 7.51 7.36
    8.71
    		6.96 | 11.86 19 | 24 Poor
    3M Return % -3.19 -3.22
    -1.74
    		-4.10 | 3.15 17 | 24 Average
    6M Return % -1.62 -4.82
    -2.17
    		-6.34 | 2.09 10 | 23 Good
    1Y Return % 6.27 0.51
    5.70
    		-0.56 | 18.99 7 | 22 Good
    3Y Return % 15.98 12.19
    15.02
    		10.83 | 20.09 5 | 15 Good
    5Y Return % 14.17 11.89
    13.83
    		11.43 | 17.19 5 | 12 Good
    1Y SIP Return % 2.66
    2.62
    		-5.39 | 10.71 11 | 20 Average
    3Y SIP Return % 11.33
    10.01
    		6.38 | 14.11 3 | 13 Very Good
    5Y SIP Return % 13.47
    12.49
    		9.55 | 16.12 4 | 10 Good
    Standard Deviation 15.24
    14.92
    		13.88 | 15.74 11 | 15 Average
    Semi Deviation 11.39
    11.46
    		10.64 | 12.25 6 | 15 Good
    Max Drawdown % -14.15
    -14.99
    		-16.49 | -13.19 2 | 15 Very Good
    VaR 1 Y % -12.26
    -13.12
    		-16.76 | -10.85 6 | 15 Good
    Average Drawdown % -4.35
    -5.50
    		-6.80 | -4.35 1 | 15 Very Good
    Sharpe Ratio 0.49
    0.42
    		0.15 | 0.73 4 | 15 Very Good
    Sterling Ratio 0.56
    0.50
    		0.33 | 0.73 3 | 15 Very Good
    Sortino Ratio 0.24
    0.20
    		0.09 | 0.33 3 | 15 Very Good
    Jensen Alpha % 3.51
    2.24
    		-1.92 | 7.31 3 | 15 Very Good
    Treynor Ratio -0.45
    -0.46
    		-0.51 | -0.43 6 | 15 Good
    Modigliani Square Measure % 13.50
    12.37
    		8.23 | 17.32 4 | 15 Very Good
    Alpha % 4.84
    3.49
    		-0.59 | 8.61 4 | 15 Very Good
    Return data last Updated On : April 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 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 % 7.63 7.36 8.83 7.05 | 12.04 19 | 24 Poor
    3M Return % -2.84 -3.22 -1.41 -3.92 | 3.55 17 | 24 Average
    6M Return % -0.91 -4.82 -1.50 -5.97 | 2.85 10 | 23 Good
    1Y Return % 7.81 0.51 7.13 0.23 | 20.86 7 | 22 Good
    3Y Return % 17.68 12.19 16.45 12.21 | 21.67 4 | 15 Very Good
    5Y Return % 15.94 11.89 15.16 12.66 | 18.15 4 | 12 Good
    1Y SIP Return % 4.16 3.80 -4.64 | 12.34 10 | 22 Good
    3Y SIP Return % 12.98 11.41 7.90 | 15.65 3 | 15 Very Good
    5Y SIP Return % 15.18 13.97 11.05 | 17.68 4 | 12 Good
    Standard Deviation 15.24 14.92 13.88 | 15.74 11 | 15 Average
    Semi Deviation 11.39 11.46 10.64 | 12.25 6 | 15 Good
    Max Drawdown % -14.15 -14.99 -16.49 | -13.19 2 | 15 Very Good
    VaR 1 Y % -12.26 -13.12 -16.76 | -10.85 6 | 15 Good
    Average Drawdown % -4.35 -5.50 -6.80 | -4.35 1 | 15 Very Good
    Sharpe Ratio 0.49 0.42 0.15 | 0.73 4 | 15 Very Good
    Sterling Ratio 0.56 0.50 0.33 | 0.73 3 | 15 Very Good
    Sortino Ratio 0.24 0.20 0.09 | 0.33 3 | 15 Very Good
    Jensen Alpha % 3.51 2.24 -1.92 | 7.31 3 | 15 Very Good
    Treynor Ratio -0.45 -0.46 -0.51 | -0.43 6 | 15 Good
    Modigliani Square Measure % 13.50 12.37 8.23 | 17.32 4 | 15 Very Good
    Alpha % 4.84 3.49 -0.59 | 8.61 4 | 15 Very Good
    Return data last Updated On : April 27, 2026.
    Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : March 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
    27-04-2026 21.142 22.985
    24-04-2026 21.131 22.971
    23-04-2026 21.252 23.102
    22-04-2026 21.479 23.348
    21-04-2026 21.61 23.489
    20-04-2026 21.378 23.236
    17-04-2026 21.333 23.184
    16-04-2026 21.173 23.01
    15-04-2026 21.188 23.024
    13-04-2026 20.905 22.715
    10-04-2026 21.006 22.823
    09-04-2026 20.595 22.375
    08-04-2026 20.886 22.69
    07-04-2026 19.883 21.6
    06-04-2026 19.843 21.555
    02-04-2026 19.424 21.097
    01-04-2026 19.439 21.112
    30-03-2026 19.039 20.676
    27-03-2026 19.666 21.355

    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.