Mirae Asset

Mirae Asset Banking and Financial Services Fund Direct Growth

Latest NAV

₹23.9350

As of

17 Jul 2026

1,377 NAV records on file

NAV history & peer comparison

All NAVs split-adjusted and normalised to 100 at the start of the selected period, so funds with very different absolute NAV scales can be compared on one axis.

Period

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Returns matrix

Fund return alongside the category average and peer rank for every standard window. Returns under one year are absolute; one year and longer are compound annualised (CAGR).

Window	Fund	Category avg	+/− vs avg	Rank	Quartile
1D	+1.21%	-0.05%	+1.25	2 / 258	Q1
1W	+0.51%	-0.18%	+0.69	37 / 258	Q1
2W	+0.86%	-0.17%	+1.03	52 / 259	Q1
1M	+3.64%	+1.63%	+2.01	57 / 259	Q1
3M	+3.24%	+4.83%	-1.59	161 / 259	Q3
6M	+0.54%	+4.61%	-4.07	164 / 250	Q3
YTD	+0.41%	+2.98%	-2.57	144 / 247	Q3
1Y	+6.80%	+5.46%	+1.34	93 / 235	Q2
2Y	+9.13%	+4.09%	+5.05	41 / 187	Q1
3Y	+15.13%	+15.93%	-0.80	87 / 148	Q3
4Y	+18.88%	+17.58%	+1.30	56 / 121	Q2
5Y	+15.08%	+13.72%	+1.36	46 / 110	Q2
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+16.83%	+12.07%	+4.75	75 / 259	Q2

Quartile legend: Q1 top 25% Q2 25-50% Q3 50-75% Q4 bottom 25%

Calendar-year returns

Full-year performance vs category average. Current year is partial (year-to-date).

Year	Fund	Category avg	+/− vs avg	Rank
2026 YTD	+0.41%	+3.40%	-2.99	143 / 244
2025	+20.35%	+4.41%	+15.94	12 / 208
2024	+13.18%	+23.18%	-10.00	131 / 155
2023	+22.24%	+33.51%	-11.27	111 / 127
2022	+14.78%	+4.32%	+10.45	29 / 116
2021	+19.21%	+34.43%	-15.22	88 / 104
2020	—	—	—	—

Rolling returns

Removes start-date bias by averaging CAGR over every overlapping N-year window in the fund's history. Higher average plus tight min/max plus high "% positive" = consistent.

1-Year rolling

+16.40%

57 windows

min -1.1% · max 34.9%

96% positive

Limited basis — fund is young, so this average may be skewed by which 1Y windows happen to be available.

3-Year rolling

+18.03%

32 windows

min 12.3% · max 25.4%

100% positive

Limited basis — fund is young, so this average may be skewed by which 3Y windows happen to be available.

5-Year rolling

+15.96%

8 windows

min 14.3% · max 19.2%

100% positive

Limited basis — fund is young, so this average may be skewed by which 5Y windows happen to be available.

7-Year rolling

—

Insufficient history

SIP returns — historical "what if"

If you had invested every month in this fund over the chosen period, this is what your investment would be worth today.

Period

Total invested

₹ —

Today's value

₹ —

XIRR

Annualised

Wealth multiplier

Period	Total invested	Today's value	XIRR	Wealth multiplier

XIRR is the annualised internal rate of return on the SIP cash flow — invariant to the monthly amount. "Today's value" and "Total invested" scale linearly with the slider. Past performance does not guarantee future returns. Excludes exit load and taxes.

Risk profile

Risk-adjusted return and volatility, computed from monthly NAV returns over the trailing 3-year and 5-year windows.

Std deviation

14.52%

3-year · annualised

Sharpe ratio

0.60

vs risk-free 6.5%

Sortino ratio

1.05

Downside-only deviation

Max drawdown

-15.76%

Feb 2026 → Mar 2026

% positive months

61.1%

Share of monthly returns > 0 over the 3-year window

Sharpe / Sortino use a risk-free rate of 6.5% (1-year T-bill proxy). Higher Sharpe = more return per unit of total risk; higher Sortino = more return per unit of downside risk.

Peers in Sectoral/Thematic Fund

Scheme	Fund house	NAV	As of
HDFC Banking & Financial Services Fund - Growth Option - Direct Plan	HDFC	₹19.7420	17 Jul 2026
Nippon India Active Momentum Fund-Direct Plan - Growth Option	Nippon India	₹13.0154	17 Jul 2026
SBI Automotive Opportunities Fund - Direct Plan - Growth	SBI	₹12.5868	17 Jul 2026
ICICI Prudential Active Momentum Fund - Direct Plan - Growth	ICICI Prudential	₹10.8700	17 Jul 2026
Invesco India Business Cycle Fund - Direct Plan - Growth	Invesco	₹14.5000	17 Jul 2026
Bandhan Business Cycle Fund - Direct Plan - Growth	Bandhan	₹10.1960	17 Jul 2026
quant BFSI Fund - Growth Option - Direct Plan	Quant	₹22.0723	17 Jul 2026
QUANTUM ESG BEST IN CLASS STRATEGY FUND - DIRECT PLAN - GROWTH OPTION	Quantum	₹24.7900	17 Jul 2026
Aditya Birla Sun Life Banking and Financial Services Fund - Direct Plan - Growth	Aditya Birla Sun Life	₹72.8200	17 Jul 2026
Motilal Oswal Active Momentum Fund- Direct-Growth	Motilal Oswal	₹13.5242	17 Jul 2026

Recent NAVs

Date	NAV
17 Jul 2026	₹23.9350
16 Jul 2026	₹23.6500
15 Jul 2026	₹23.8190
14 Jul 2026	₹23.6160
13 Jul 2026	₹23.9060
10 Jul 2026	₹23.8140
9 Jul 2026	₹23.4560
8 Jul 2026	₹23.2580
7 Jul 2026	₹23.8410
6 Jul 2026	₹23.8760

Frequently asked questions

These answers are generated from this fund's live metrics — NAV, returns, peer rank, drawdown, SIP backtest. Numbers refresh nightly after AMFI's NAV feed lands.

As of 17 Jul 2026, the NAV of Mirae Asset Banking and Financial Services Fund Direct Growth is ₹23.9350. It's a Sectoral/Thematic Fund from Mirae Asset, run as a Direct plan Growth option. NAVs update once per business day from the AMFI feed.

Mirae Asset Banking and Financial Services Fund Direct Growth has NAV history starting from 14 Dec 2020, a track record of about 5 years 7 months. That's enough history to evaluate the fund across one or two market cycles. Look at rolling returns rather than point-to-point to judge consistency.

Mirae Asset Banking and Financial Services Fund Direct Growth is managed by Mirae Asset. It's classified by AMFI under the 'Sectoral/Thematic Fund' SEBI category, which determines its peer set and tax treatment.

Over the trailing 1-year window, Mirae Asset Banking and Financial Services Fund Direct Growth has delivered a absolute return of 6.80% — +1.34 pp ahead of the Sectoral/Thematic Fund category average of 5.46%. The fund ranks #93 of 235 in its category — the second (Q2) quartile.

Over the trailing 3-year window, Mirae Asset Banking and Financial Services Fund Direct Growth has delivered a CAGR of 15.13% — -0.8 pp behind the Sectoral/Thematic Fund category average of 15.93%. The fund ranks #87 of 148 in its category — the third (Q3) quartile.

Over the trailing 5-year window, Mirae Asset Banking and Financial Services Fund Direct Growth has delivered a CAGR of 15.08% — +1.36 pp ahead of the Sectoral/Thematic Fund category average of 13.72%. The fund ranks #46 of 110 in its category — the second (Q2) quartile.

₹1 lakh invested in Mirae Asset Banking and Financial Services Fund Direct Growth exactly 5 years ago would be worth approximately ₹201,863 today — a multiplier of 2.02×, based on the 5-year CAGR of 15.08%. The category average over the same window would have grown ₹1 lakh to ₹190,217.

A ₹10,000 monthly SIP in Mirae Asset Banking and Financial Services Fund Direct Growth over the last 5 years — total invested ₹600,000 — would be worth ₹881,545 today. That's an XIRR (money-weighted annualised return) of 15.38%.

Mirae Asset Banking and Financial Services Fund Direct Growth doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹881,545 — XIRR 15.38%.

On a 5-year basis, Mirae Asset Banking and Financial Services Fund Direct Growth ranks #46 out of 110 funds in the Sectoral/Thematic Fund category — that places it in the second quartile (Q2) — above the median. The category average return over the same window is 13.72%; this fund delivered 15.08%.

The worst peak-to-trough decline Mirae Asset Banking and Financial Services Fund Direct Growth has experienced over the last 5-year window is 21.04% — its NAV fell from a high on 26 Oct 2021 to a low on 16 Jun 2022. Drawdown is a useful gauge of how much short-term pain you'd have endured to capture the long-term return.

Across all 5-year rolling windows, Mirae Asset Banking and Financial Services Fund Direct Growth averaged 15.96% (best 19.17%, worst 14.29%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.54 — reasonable risk-adjusted performance.

In calendar year 2025, Mirae Asset Banking and Financial Services Fund Direct Growth returned 20.35% — beating the Sectoral/Thematic Fund category average of 4.41% by 15.94 pp. It ranked #12 of 208 in its category that year.

Mirae Asset Banking and Financial Services Fund Direct Growth is classified as an Equity fund (at least 65% equity exposure). Tax rules (post Budget 2024): if you hold 12 months or more, gains are Long-Term and taxed at 12.5% on the amount exceeding ₹1.25 lakh per financial year. Held for under 12 months, gains are Short-Term and taxed at 20%. The ₹1.25 L exemption is per PAN per FY across all equity LTCG.

We don't give personal investment advice. Mirae Asset Banking and Financial Services Fund Direct Growth is suitable for an investor whose:

time horizon is **5+ years** — equity funds can drop 30-50% in bad years; horizons under 5 years materially raise the risk of selling at a loss
risk tolerance accepts seeing the portfolio fall sharply without panic-selling
goal isn't capital preservation in the short term

Cross-check the numbers above against alternatives before deciding. Worst 5-year drawdown: 21.0%. 5-year CAGR: 15.08%.

Educational content only — not investment advice. Tax rules summarised above reflect Budget 2024; consult a qualified adviser before transacting.