Mirae Asset Banking and Financial Services Fund Regular IDCW

Mirae Asset Banking and Financial Services Fund Regular IDCW is a scheme launched by Mirae Asset Mutual Fund on December 11, 2020, and falls under the Banking & Financial fund category. It currently manages an AUM of Rs 2,042.45 crore. The fund permits investments with a minimum SIP of Rs 500 and a lump sum of Rs 5000. It charges an expense ratio of 2.06% for managing the portfolio.

• Investing Strategy:

  To generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services sector.

• Performance:

  Mirae Asset Banking and Financial Services Fund Regular IDCW trailing returns over different times are 7.5% (1 year), 16.11% (3 year) and 0% (5 year). The average annual return of this fund stands at 10.76%.