Mirae Asset

Mirae Asset Banking and Financial Services Fund Direct IDCW

Latest NAV

₹21.8030

As of

3 Jun 2026

1,346 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	-0.08%	+0.27%	-0.35	183 / 249	Q3
1W	-3.08%	-1.33%	-1.75	227 / 249	Q4
2W	-1.40%	-0.44%	-0.96	210 / 251	Q4
1M	-3.46%	-0.98%	-2.49	232 / 251	Q4
3M	-8.17%	+0.91%	-9.07	229 / 249	Q4
6M	-7.59%	-3.35%	-4.24	170 / 241	Q3
YTD	-8.35%	-3.40%	-4.95	182 / 241	Q4
1Y	+0.52%	+2.11%	-1.59	123 / 225	Q3
2Y	+7.81%	+1.79%	+6.02	37 / 181	Q1
3Y	+13.99%	+12.30%	+1.69	69 / 142	Q2
4Y	+16.70%	+11.74%	+4.96	40 / 122	Q2
5Y	+12.86%	+8.93%	+3.93	38 / 111	Q2
7Y	—	—	—	—	—
10Y	—	—	—	—	—
Inception	+15.21%	+8.52%	+6.69	58 / 251	Q1

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	-8.35%	-2.64%	-5.70	180 / 237
2025	+20.30%	+1.49%	+18.81	10 / 204
2024	+13.12%	+20.10%	-6.97	113 / 158
2023	+22.19%	+30.21%	-8.02	99 / 131
2022	+14.72%	+1.48%	+13.24	21 / 119
2021	+18.93%	+31.54%	-12.61	79 / 106
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

+16.02%

55 windows

min -4.1% · max 36.0%

95% positive

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

3-Year rolling

+17.54%

31 windows

min 13.6% · max 23.7%

100% positive

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

5-Year rolling

+15.32%

6 windows

min 12.9% · max 18.2%

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

13.67%

3-year · annualised

Sharpe ratio

0.56

vs risk-free 6.5%

Sortino ratio

0.89

Downside-only deviation

Max drawdown

-15.76%

Feb 2026 → Mar 2026

% positive months

63.9%

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 - IDCW Option - Direct Plan	HDFC	₹15.9390	3 Jun 2026
NIPPON INDIA - JAPAN EQUITY FUND - DIRECT Plan - IDCW Option	Nippon India	₹31.2458	3 Jun 2026
SBI Automotive Opportunities Fund - Direct Plan - Income Distribution Cum Capital Withdrawal Option	SBI	₹11.7560	3 Jun 2026
ICICI Prudential Banking and Financial Services Fund - Direct Plan - IDCW	ICICI Prudential	₹64.9400	3 Jun 2026
Invesco India Business Cycle Fund - Direct Plan - IDCW	Invesco	₹13.3100	3 Jun 2026
Bandhan Business Cycle Fund - Direct Plan - IDCW	Bandhan	₹9.6290	3 Jun 2026
quant BFSI Fund - IDCW Option - Direct Plan	Quant	₹20.2732	3 Jun 2026
Aditya Birla Sun Life Banking and Financial Services Fund - DIRECT - IDCW	Aditya Birla Sun Life	₹29.4200	3 Jun 2026
Motilal Oswal Active Momentum Fund- Direct-IDCW	Motilal Oswal	₹13.3281	3 Jun 2026
Franklin India Multi-Factor Fund- Direct- IDCW	Franklin India	₹9.3581	3 Jun 2026

Recent NAVs

Date	NAV
3 Jun 2026	₹21.8030
2 Jun 2026	₹21.7570
1 Jun 2026	₹21.7740
29 May 2026	₹22.0330
27 May 2026	₹22.3320
26 May 2026	₹22.4480
25 May 2026	₹22.5400
22 May 2026	₹22.1450
21 May 2026	₹22.0110
20 May 2026	₹22.0790

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 03 Jun 2026, the NAV of Mirae Asset Banking and Financial Services Fund Direct IDCW is ₹21.8030. It's a Sectoral/Thematic Fund from Mirae Asset, run as a Direct plan IDCW (dividend) option. NAVs update once per business day from the AMFI feed.

Mirae Asset Banking and Financial Services Fund Direct IDCW has NAV history starting from 14 Dec 2020, a track record of about 5 years 5 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 IDCW 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 IDCW has delivered a absolute return of 0.52% — -1.59 pp behind the Sectoral/Thematic Fund category average of 2.11%. The fund ranks #123 of 225 in its category — the third (Q3) quartile.

Over the trailing 3-year window, Mirae Asset Banking and Financial Services Fund Direct IDCW has delivered a CAGR of 13.99% — +1.69 pp ahead of the Sectoral/Thematic Fund category average of 12.30%. The fund ranks #69 of 142 in its category — the second (Q2) quartile.

Over the trailing 5-year window, Mirae Asset Banking and Financial Services Fund Direct IDCW has delivered a CAGR of 12.86% — +3.93 pp ahead of the Sectoral/Thematic Fund category average of 8.93%. The fund ranks #38 of 111 in its category — the second (Q2) quartile.

₹1 lakh invested in Mirae Asset Banking and Financial Services Fund Direct IDCW exactly 5 years ago would be worth approximately ₹183,109 today — a multiplier of 1.83×, based on the 5-year CAGR of 12.86%. The category average over the same window would have grown ₹1 lakh to ₹153,347.

A ₹10,000 monthly SIP in Mirae Asset Banking and Financial Services Fund Direct IDCW over the last 5 years — total invested ₹600,000 — would be worth ₹817,192 today. That's an XIRR (money-weighted annualised return) of 12.30%.

Mirae Asset Banking and Financial Services Fund Direct IDCW doesn't yet have 10 years of NAVs. Over the longest available window (5-year SIP), ₹10,000/month would have grown to ₹817,192 — XIRR 12.30%.

On a 5-year basis, Mirae Asset Banking and Financial Services Fund Direct IDCW ranks #38 out of 111 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 8.93%; this fund delivered 12.86%.

The worst peak-to-trough decline Mirae Asset Banking and Financial Services Fund Direct IDCW has experienced over the last 5-year window is 21.07% — 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 IDCW averaged 15.32% (best 18.20%, worst 12.86%). 100% of rolling windows ended positive. The 5-year Sharpe ratio is 0.45 — weak risk-adjusted performance.

In calendar year 2025, Mirae Asset Banking and Financial Services Fund Direct IDCW returned 20.30% — beating the Sectoral/Thematic Fund category average of 1.49% by 18.81 pp. It ranked #10 of 204 in its category that year.

Mirae Asset Banking and Financial Services Fund Direct IDCW 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 IDCW 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: 21.1%. 5-year CAGR: 12.86%.

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