Mirae Asset Banking and Financial Services Fund Direct-Growth
Equity: Sectoral-Banking & Financial Services - Growth (Open ended)
SEBI Riskometer: Very HighCategory: Equity: Sectoral-Banking & Financial ServicesBenchmark: NIFTY Financial Services Total Return IndexCheck Portfolio Overlap →
NAV: ₹23.27-0.28%
21 Sept 2026
Holdings Analysis
Equity, debt and cash allocation snapshot with market cap distribution for Mirae Asset Banking and Financial Services Fund Direct-Growth.
Market Cap Distribution
Large Cap (60.3%)
Mid Cap (17.7%)
Small Cap (21.9%)
Historical Asset Allocation
| Asset | 31 Aug 2026 | 31 Jul 2026 | 30 Jun 2026 | 31 May 2026 | 30 Apr 2026 | 31 Mar 2026 |
|---|---|---|---|---|---|---|
| Equity | 96.03% | 98.18% | 97.51% | 95.21% | 96.58% | 95.69% |
| Debt | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Others (incl. cash) | 3.97% | 1.82% | 2.49% | 4.79% | 3.42% | 4.31% |
| Commodities | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Real Estate | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Portfolio Snapshot
No. of Securities
30
P/E Ratio
19.88
P/B Ratio
2.48
Top Holding %
13.98%
Top 5 Holdings %
48.38%
Top 10 Holdings %
64.66%
AUM
₹2,357 Cr
Expense Ratio
0.74%
Since Inception
15.73%
Max Drawdown
-0.21%
Alpha
3.32%
Sharpe Ratio
0.59
Top Portfolio Holdings by Weight
Latest portfolio holdings sorted by allocation weight. Includes instrument name, sector, number of shares, market value (₹ Cr) and percentage of net assets. Switch dates or categories using the controls below.
| Instrument | Sector | No. of Shares | Value (Rs. Cr) | Weight | Change |
|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 22,65,038 | 329.34 | 13.98% | -0.12%↓ |
| HDFC Bank Ltd. | Financial | 44,73,458 | 317.17 | 13.46% | -1.05%↓ |
| State Bank of India | Financial | 19,72,939 | 209.13 | 8.87% | 0.08%↑ |
| Axis Bank Ltd. | Financial | 14,25,563 | 185.32 | 7.86% | 0.26%↑ |
| Kotak Mahindra Bank Ltd. | Financial | 23,65,010 | 99.19 | 4.21% | 0.21%↑ |
| Bajaj Finance Ltd. | Financial | 7,65,490 | 80.91 | 3.43% | -0.35%↓ |
| L&T Finance Ltd. | Financial | 22,29,882 | 71.58 | 3.04% | 0.03%↑ |
| SBI Life Insurance Company Ltd. | Insurance | 3,96,253 | 68.97 | 2.93% | -0.31%↓ |
| KFin Technologies Ltd. | Financial | 7,06,571 | 68.54 | 2.91% | 0.91%↑ |
| HDB Financial Services Ltd. | Financial | 9,19,152 | 62.72 | 2.66% | 0.37%↑ |
| Aditya Birla Capital Ltd. | Financial | 15,14,477 | 62 | 2.63% | -0.55%↓ |
| Karur Vysya Bank Ltd. | Financial | 17,74,732 | 61.69 | 2.62% | -0.02%↓ |
| Multi Commodity Exchange Of India Ltd. | Services | 1,76,575 | 60.04 | 2.55% | 1.64%↑ |
| Shriram Finance Ltd | Financial | 4,70,265 | 52.19 | 2.21% | 0.08%↑ |
| The Federal Bank Ltd. | Financial | 13,99,016 | 49.9 | 2.12% | -0.64%↓ |
| Canara HSBC Life Insurance Company Ltd. | Insurance | 31,55,470 | 49.27 | 2.09% | 0.09%↑ |
| Equitas Small Finance Bank Ltd. | Financial | 63,97,240 | 47.32 | 2.01% | -0.08%↓ |
| Crisil Ltd. | Services | 95,197 | 45.9 | 1.95% | 0.15%↑ |
| Home First Finance Company India Ltd. | Financial | 3,74,906 | 43.67 | 1.85% | -0.08%↓ |
| Central Depository Services (India) Ltd. | Financial | 2,99,500 | 42 | 1.78% | 0.05%↑ |
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Sector-wise Portfolio Allocation
Equity exposure by sector as a percentage of total net assets, tracked across recent portfolio dates. Identifies concentration risk and sector rotation trends in the fund's holdings.
| Sector | 31 Aug 2026 | 31 Jul 2026 | 30 Jun 2026 | 31 May 2026 | 30 Apr 2026 | 31 Mar 2026 |
|---|---|---|---|---|---|---|
| Financial | 81.68% | 84.12% | 84.74% | 81.70% | 81.80% | 82.15% |
| Services | 7.28% | 6.74% | 5.42% | 5.55% | 6.84% | 5.08% |
| Insurance | 7.06% | 7.31% | 7.36% | 7.96% | 7.94% | 8.46% |
Equity Insights
A detailed look at the equity holdings of this scheme — aggregated scores on value, momentum, quality parameters along with diversification and performance analysis.
Style Analysis
Value score
71.4 / 100
Weighted average Value score is 71.4. This indicates that portfolio is relatively reasonably valued using composite of value measures.
Price Momentum score
52.9 / 100
Weighted average Price Momentum score is 52.9. This indicates that portfolio has average momentum using composite of momentum measures.
Quality score
59.5 / 100
Weighted average Quality score is 59.5. This indicates that portfolio has average quality using composite of quality measures.
QVM score
69.7 / 100
Weighted average QVM score is 69.7. This indicates that portfolio has average QVM score and hence a neutral stance is warranted.
Red Flags
Frequently Asked Questions
What are the top holdings of Mirae Asset Banking and Financial Services Fund Direct-Growth?
The top holdings of Mirae Asset Banking and Financial Services Fund Direct-Growth as of 31 Aug 2026 are ICICI Bank Ltd. (13.98%), HDFC Bank Ltd. (13.46%), State Bank of India (8.87%), Axis Bank Ltd. (7.86%), Kotak Mahindra Bank Ltd. (4.21%). These top 5 stocks together account for 48.38% of the total portfolio. You can view the complete holdings breakdown above.
How many stocks does Mirae Asset Banking and Financial Services Fund Direct-Growth hold in its portfolio?
Mirae Asset Banking and Financial Services Fund Direct-Growth holds 30 stocks in its portfolio as of 31 Aug 2026. The fund's portfolio size reflects the fund manager's investment approach, a more concentrated portfolio indicates higher conviction bets, while a larger number of holdings suggests a more diversified strategy.
What is the sector allocation of Mirae Asset Banking and Financial Services Fund Direct-Growth?
As of 31 Aug 2026, Mirae Asset Banking and Financial Services Fund Direct-Growth's top sector allocations are Financial (81.68%), Services (7.28%), Insurance (7.06%). You can find detailed sector allocation above.
What is the equity and debt allocation of Mirae Asset Banking and Financial Services Fund Direct-Growth?
As of 31 Aug 2026, Mirae Asset Banking and Financial Services Fund Direct-Growth has 96.03% allocated to equity, and 0.00% to debt. You can also check the historical trends above.
What is the market cap allocation of Mirae Asset Banking and Financial Services Fund Direct-Growth?
As of 31 Aug 2026, Mirae Asset Banking and Financial Services Fund Direct-Growth's market cap allocation is 60.33% in large caps, 17.75% in mid caps, and 21.92% in small caps.
What is the PE ratio of Mirae Asset Banking and Financial Services Fund Direct-Growth's portfolio?
The portfolio PE ratio of Mirae Asset Banking and Financial Services Fund Direct-Growth is 19.88 as of 31 Aug 2026. The portfolio PE ratio tells you how expensive or cheap the fund's holdings are relative to their earnings.
What is the credit quality of Mirae Asset Banking and Financial Services Fund Direct-Growth?
A credit rating breakdown is not available for Mirae Asset Banking and Financial Services Fund Direct-Growth — its non-equity allocation was 0.00% as of the latest disclosure. This is common when a fund's non-equity holdings are mostly cash or short-term money market instruments, which aren't assigned a credit rating the way bonds are.
When is the latest portfolio disclosure for Mirae Asset Banking and Financial Services Fund Direct-Growth?
The latest portfolio disclosure for Mirae Asset Banking and Financial Services Fund Direct-Growth is as of 31 Aug 2026. SEBI requires all mutual funds to disclose their complete portfolio holdings on a monthly basis, typically within 10 days of the end of each month.