Sharpe ratio
0.61Return earned for the risk taken.
Moderate
Moderate risk-adjusted returns. The reward for risk has been average.
+5.20%1Y Absolute Return
-0.54%1D
Loading NAV history…
Past performance is not an indicator of future returns.
Returns calculator comparison
Compare an illustrative investment outcome across return assumptions.
| Asset | Projected corpus | Total invested | Gain | Annual return |
|---|---|---|---|---|
| Mirae Asset Banking and Financial Services Fund Direct GrowthFund 5Y annualised return | ₹10,06,676 | ₹7,32,612 | ₹2,74,064 | +12.86% |
| EPFIllustrative annual assumption | ₹8,95,132 | ₹7,32,612 | ₹1,62,520 | +8.25% |
| Residential propertyIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| PPFIllustrative annual assumption | ₹8,69,819 | ₹7,32,612 | ₹1,37,207 | +7.10% |
| Bank fixed depositIllustrative annual assumption | ₹8,56,981 | ₹7,32,612 | ₹1,24,369 | +6.50% |
| GoldIllustrative annual assumption | ₹8,67,662 | ₹7,32,612 | ₹1,35,050 | +7.00% |
| Savings accountIllustrative annual assumption | ₹7,86,827 | ₹7,32,612 | ₹54,215 | +3.00% |
Illustration only. Fund results use the available NAV-derived annualised return and can be negative. Reference rows are assumptions, not current quoted rates or guaranteed returns; property excludes transaction costs, taxes, and liquidity constraints. Mutual fund investments are subject to market risk.
Wealth multiple
₹1 became₹1.16
₹1 Lakh since launch₹1.16 Lakh
Fund age5.9 yrs
Fund information
Scheme code148623
ISININF769K01GX9
BenchmarkNIFTY Financial Services TRI
CategoryEquity Scheme - Sectoral/ Thematic
Expense ratio0.74%
Exit loadExit load of 1% if redeemed within 1 Month.
Minimum SIP₹99 SIP
Return comparison
361st / 932 in category| Period | Fund | Benchmark | Category avg |
|---|---|---|---|
| 1M | +211.24% | — | — |
| 3M | +19.32% | — | — |
| 6M | +21.76% | — | — |
| 1Y | +5.20% | — | +4.16% |
| 3Y | +15.02% | — | +12.54% |
| 5Y | +12.86% | — | +10.04% |
| Since Launch | +16.30% | — | — |
Risk-adjusted performance
Every measure is expanded with a plain-language reading of the latest calculated value.
Sortino ratio
0.88Return earned while limiting downside risk.
Moderate
Moderate downside risk-adjusted performance.
Standard deviation
17.05%How much the fund’s returns fluctuate over time.
High volatility
Returns can swing significantly.
Beta
—How closely the fund moves with the market.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Alpha
—Extra return generated above the benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Treynor ratio
—Return earned for each unit of market risk taken.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Calmar ratio
0.77How well the fund rewarded investors relative to its biggest decline.
Good
Good return relative to the drawdowns experienced.
Information ratio
—How consistently the fund outperformed its benchmark.
Unavailable
This measure needs sufficient fund and benchmark history to calculate.
Portfolio allocation
Latest disclosed portfolio mix
Asset allocation
Allocation data has not been disclosed.
Market cap allocation
Sector allocation
Equity exposure by sector
Top holdings
10 of 34 disclosed positions
| Holding | Sector | Instrument type | Weight |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 14.5132% |
| ICICI Bank Ltd | Financial | Equity | 14.0987% |
| State Bank of India | Financial | Equity | 8.7899% |
| Axis Bank Ltd | Financial | Equity | 7.6006% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 4.0028% |
| Bajaj Finance Ltd | Financial | Equity | 3.7882% |
| SBI Life Insurance Company Ltd | Financial | Equity | 3.2339% |
| Aditya Birla Capital Ltd | Financial | Equity | 3.1812% |
| L&T Finance Holdings Ltd | Financial | Equity | 3.0097% |
| The Federal Bank Ltd | Financial | Equity | 2.7606% |
Fund management
AB
Abhijith Vara
Since 2025 · Prior to joining the Miraem Asset MF, he was associated with Axis AMC, Unifi Capital, Sundaram AMC,
PGDM (IIM Kozhikode ), B.Tech(Elec. Engg, IIT Madras)
Compare similar funds
No comparable category funds are available yet.
Summary
A high-risk equity scheme - sectoral/ thematic fund. Ahead of its category average over 3Y by 2.5 points. Top 10 holdings make up 65% — a handful of stocks can swing returns sharply.
Strengths
- Ahead of its category average over 3Y by 2.5 points.
- Recovered from its worst fall in 5 months.
Weaknesses
- Top 10 holdings make up 65% — a handful of stocks can swing returns sharply.
Ideal investor
- Needs a 5–7+ years horizon to ride out its high risk level.
- Good fit for SIPs — spreading purchases smooths out 17.1% volatility.
Risk drivers
- Top 10 holdings = 65% of the portfolio.
- Financial makes up 94% — trouble in that sector hits the whole fund.