Mirae Asset Banking and Financial Services Fund Regular Growth
Medium
Risk
Equity
Other
+
13.52
%
13.52
%
3Y annualised
+
0.11
%
0.11
%
1D
1M
6M
1Y
3Y
All
Fund size
1599
NAV:
Mar 7, 2024
16.676
Sector
Tech
Type
Equity
Launched
Dec 2020
Min Investment
5000
Expense Ratio
2
Risk
Medium
Portfolio allocation
Top 10 Holdings
% Value
HDFC Bank Ltd
18.7
%
ICICI Bank Ltd
17.6
%
State Bank of India
9.88
%
Axis Bank Ltd
7.91
%
The Federal Bank Ltd
5.23
%
Shriram Finance Ltd
3.49
%
Fusion Micro Finance Ltd
3.25
%
LIC Housing Finance Ltd
3.16
%
SBI Life Insurance Company Limited
2.94
%
Utkarsh Small Finance Bank Ltd
2.7
%
Expense ratio, exit load and tax
Expense Ratio:
2
%
Inclusive of GST
Exit load
Exit load of 1.0% if redeemed within 1.0 Years, 0.0 % if redeemed after 1.0 Years.
Tax implication
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
Fund house & investment objective
Mirae Asset Banking and Financial Services Fund Regular Growth
More details
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.
Scheme Information Document
Mutual Fund investments are subject to market risks. Read all scheme-related documents carefully. Past performance is not an indicator of future returns.
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One-time
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* Returns are calculated as per lifetime average per annum returns of the fund.
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Monthly SIP
One-time
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