Mirae Asset Banking and Financial Services Fund Direct-Growth
Equity: Sectoral-Banking - Growth (Open ended) Factsheet
SEBI Riskometer: Very HighCategory: Equity: Sectoral-BankingBenchmark: NIFTY Financial Services Total Return Index
NAV: ₹23.94+1.21%
17 Jul 2026
Rolling Returns Analysis
Rolling annualized returns of Mirae Asset Banking and Financial Services Fund Direct-Growth across 1Y, 3Y and 5Y windows — average, best, worst returns and percentage of positive return periods.
| Metric | 1 Yr Rolling Returns | 3 Yr Rolling Returns | 5 Yr Rolling Returns | 7 Yr Rolling Returns |
|---|---|---|---|---|
| Analysis period | 20 Dec, 2021 - 17 Jul, 2026 | 28 Dec, 2023 - 17 Jul, 2026 | 07 Jan, 2026 - 17 Jul, 2026 | - |
| Average returns | 16.30% | 18.13% | 15.80% | - |
| Standard deviation | 9.79% | 2.92% | 1.76% | - |
| Best returns | 38.98% 1 year ending on 06 Jul, 2023 | 27.13% 3 years ending on 04 Jul, 2025 | 19.46% 5 years ending on 16 Jan, 2026 | - |
| Worst returns | -7.12% 1 year ending on 20 Jun, 2022 | 11.79% 3 years ending on 13 Nov, 2024 | 12.49% 5 years ending on 01 Apr, 2026 | - |
| Period with positive return | 95.74% | 100.00% | 100.00% | - |
| Period with return > 5% | 86.61% | 100.00% | 100.00% | - |
| Period with return > 10% | 69.06% | 100.00% | 100.00% | - |
| Period with return > 15% | 54.70% | 85.69% | 62.79% | - |
| Beat % Category | 77.39% | 94.12% | 100.00% | - |
| Beat % Benchmark | 74.91% | 99.84% | 100.00% | - |
Trailing Returns
Point-to-point returns of Mirae Asset Banking and Financial Services Fund Direct-Growth vs category average for YTD, 1M, 6M, 1Y, 3Y, 5Y and 10Y periods — with category rank and total funds count.
0%
5%
10%
15%
0.6%
0.7%
-1.3%
YTD
3.6%
2.3%
2.0%
1 M
0.5%
0.1%
-2.1%
6 M
6.8%
5.7%
3.8%
1 Y
15.1%
14.0%
9.7%
3 Y
14.7%
13.3%
11.2%
5 Y
13.8%
12.6%
10 Y
Fund
Equity: Sectoral-Banking
NIFTY Financial Services Total Return Index
| Name | YTD | 1 M | 6 M | 1 Y | 3 Y | 5 Y | 10 Y | Since Inception |
|---|---|---|---|---|---|---|---|---|
| Fund | 0.60% | 3.64% | 0.54% | 6.80% | 15.08% | 14.69% | - | 16.86% |
| Equity: Sectoral-Banking | 0.73% | 2.30% | 0.11% | 5.74% | 14.02% | 13.30% | 13.80% | - |
| NIFTY Financial Services Total Return Index | -1.30% | 1.96% | -2.14% | 3.80% | 9.66% | 11.23% | 12.59% | - |
| Rank in category | 16 | 6 | 13 | 11 | 7 | 4 | - | - |
| Funds in category | 40 | 47 | 40 | 37 | 20 | 14 | 11 | - |
Period Returns
Calendar-year, quarterly and monthly return history of Mirae Asset Banking and Financial Services Fund Direct-Growth. Toggle between bar chart and table view to analyse periodic performance trends.
Historical Performance
Track NAV movement and cumulative returns of Mirae Asset Banking and Financial Services Fund Direct-Growth across 1M, 6M, 1Y, 3Y, 5Y and since-inception periods. Compare SIP and lumpsum growth over time.
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Frequently Asked Questions
What are the 1-year returns of Mirae Asset Banking and Financial Services Fund Direct-Growth?
Mirae Asset Banking and Financial Services Fund Direct-Growth has delivered a 1-year return of 6.80% as of 16 Jul 2026. During the same period, its benchmark NIFTY Financial Services Total Return Index returned 3.80%. The fund has outperformed its benchmark over this period.
What are the 3-year returns of Mirae Asset Banking and Financial Services Fund Direct-Growth?
Mirae Asset Banking and Financial Services Fund Direct-Growth has delivered a 3-year CAGR of 15.08% as of 16 Jul 2026. Its benchmark NIFTY Financial Services Total Return Index returned 9.66% CAGR over the same period. CAGR (Compounded Annual Growth Rate) is the right way to evaluate multi-year mutual fund performance as it smooths out year-to-year volatility.
What are the 5-year returns of Mirae Asset Banking and Financial Services Fund Direct-Growth?
Mirae Asset Banking and Financial Services Fund Direct-Growth has delivered a 5-year CAGR of 14.69% as of 16 Jul 2026. Its benchmark NIFTY Financial Services Total Return Index returned 11.23% CAGR over the same period. A 5-year track record is considered a more reliable indicator of fund quality than shorter-term performance, as it captures at least one full market cycle.
What are the returns of Mirae Asset Banking and Financial Services Fund Direct-Growth since inception?
Since its launch on 14 Dec 2020, Mirae Asset Banking and Financial Services Fund Direct-Growth has delivered a CAGR of 16.86%. Since-inception returns reflect the fund's full history and give the most complete picture of long-term performance.
How has Mirae Asset Banking and Financial Services Fund Direct-Growth performed vs its category over the long term?
Over the long term, Mirae Asset Banking and Financial Services Fund Direct-Growth has ranked 7 out of 20 funds in the Equity: Sectoral-Banking category on a 3-year basis, and 4 out of 14 funds on a 5-year basis. Category rank is one of several factors to consider alongside risk metrics and rolling return consistency when evaluating a fund.
What is the Sharpe ratio of Mirae Asset Banking and Financial Services Fund Direct-Growth?
The Sharpe ratio of Mirae Asset Banking and Financial Services Fund Direct-Growth is 0.60 (as of 16 Jul 2026). The Sharpe ratio measures how much return the fund generates per unit of risk (volatility) taken. A Sharpe ratio above 1.0 is generally considered good — the higher the ratio, the better the risk-adjusted return.
What is the alpha of Mirae Asset Banking and Financial Services Fund Direct-Growth?
The 3Y alpha of Mirae Asset Banking and Financial Services Fund Direct-Growth is 5.06% (as of 16 Jul 2026). Alpha measures the excess return generated by the fund over and above its benchmark NIFTY Financial Services Total Return Index, after adjusting for risk. A positive alpha means the fund manager has added value beyond what the market delivered. A negative alpha means the fund has underperformed its benchmark on a risk-adjusted basis.
What is the beta of Mirae Asset Banking and Financial Services Fund Direct-Growth?
The beta of Mirae Asset Banking and Financial Services Fund Direct-Growth is 0.91 (as of 16 Jul 2026). Beta measures how sensitive the fund is to market movements relative to its benchmark NIFTY Financial Services Total Return Index. A beta of 1 means the fund moves in line with the market. A beta above 1 means it is more volatile than the market; below 1 means it is less volatile. Mirae Asset Banking and Financial Services Fund Direct-Growth's beta of 0.91 indicates it is more defensive than its benchmark.
What are the rolling returns of Mirae Asset Banking and Financial Services Fund Direct-Growth?
The average 1-year and 3-year rolling returns of Mirae Asset Banking and Financial Services Fund Direct-Growth is 16.30% and 18.13% respectively. Rolling returns show the fund's annualized return across every possible 1-year and 3-year investment window, making them a far more reliable measure of consistency than point-to-point returns, which depend heavily on the start and end date chosen.