MIRAE ASSET
BANKING AND FINANCIAL SERVICES FUND - (MABFSF)$
(Sectoral / Thematic Fund - An open-ended equity scheme investing in Banking & Financial Services Sector)
| Type of Scheme | An open-ended equity scheme investing in Banking & Financial Services Sector |
| Investment Objective | The investment objective of the scheme is 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. The Scheme does not guarantee or assure any returns. |
Fund Manager** |
Mr. Harshad Borawake (since inception) Mr. Gaurav Kochar (since inception) |
| Allotment Date | 11th December, 2020 |
| Benchmark Index | Nifty Financial Services Index (TRI) |
| Minimum Investment Amount |
Investors can invest under the scheme with a minimum investment of ₹5,000/- and in multiples of ₹1/-thereafter. |
Systematic Investment Plan (SIP) (Any Date SIP is available from 1st July, 2019) |
Monthly and Quarterly: ₹1,000/- (multiples of ₹1/- thereafter), minimum 5 installments |
| Load Structure | Entry load: NA Exit load: If redeemed within 1 year (365 days) from the date of allotment: 1%. If redeemed after 1 year (365 days) from the date of allotment: NIL |
| Plans Available | Regular Plan and Direct Plan |
| Options Available | Growth Option and Dividend Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on February 28, 2021 | 467.70 |
| Net AUM (₹ Cr.) |
479.86 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on February 28, 2021 |
Regular Plan: 2.49% Direct Plan: 0.76% |
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 11.248 | ₹ 11.203 |
| Dividend | ₹ 11.227 | ₹ 11.200 |
| New Position Bought |
| Stock |
| Banks |
| IndusInd Bank Limited |
| Positions Increased |
| Stock |
| Finance |
| Cholamandalam Investment and Finance Company Limited |
| LIC Housing Finance Limited |
| Max Financial Services Limited |
| Power Finance Corporation Limited |
| Positions Decreased |
| Stock |
| Banks |
| The Federal Bank Limited |
| HDFC Bank Limited |
| ICICI Bank Limited |
| Kotak Mahindra Bank Limited |
| State Bank of India |
| Axis Bank Limited |
| Finance |
| Can Fin Homes Limited |
| Housing Development Finance Corporation Limited |
| HDFC Life Insurance Company Limited |
| ICICI Lombard General Insurance Company Limited |
| Muthoot Finance Limited |
| SBI Life Insurance Company Limited |
| Portfolio Holdings | % Allocation | |
| Banks | ||
| HDFC Bank Ltd | 22.07% | |
| ICICI Bank Ltd | 15.00% | |
| Axis Bank Ltd | 8.93% | |
| State Bank of India | 7.01% | |
| Kotak Mahindra Bank Ltd | 5.60% | |
| The Federal Bank Ltd | 3.24% | |
| Equitas Small Finance Bank Ltd | 1.41% | |
| IndusInd Bank Ltd | 0.89% | |
| Finance | ||
| Housing Development Finance Corporation Ltd | 10.83% | |
| SBI Life Insurance Company Ltd | 2.82% | |
| Muthoot Finance Ltd | 2.04% | |
| UTI Asset Management Company Ltd | 1.92% | |
| HDFC Life Insurance Company Ltd | 1.73% | |
| Can Fin Homes Ltd | 1.68% | |
| Bajaj Finserv Ltd | 1.57% | |
| ICICI Lombard General Insurance Company Ltd | 1.45% | |
| Power Finance Corporation Ltd | 1.32% | |
| Max Financial Services Ltd | 1.15% | |
| Cholamandalam Investment and Finance Company Ltd | 1.11% | |
| Shriram Transport Finance Company Ltd | 0.63% | |
| LIC Housing Finance Ltd | 0.54% | |
| Equity Holding Total | 92.94% | |
| Cash & Other Receivables | 7.06% | |
| Total | 100.00% | |
This product is suitable for investors who are seeking*
• To generate long term capital appreciation
• Investments predominantly in equity and equity related securities of companies in banking and financial services sector in india
• Degree of risk – Very High
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Past Performance may or may not be sustained in future.
Note : Since the scheme is in existence for less than 6 Month, as per SEBI regulation performance of the scheme has not been shown. The performance of other funds managed by the same fund manager is given in the respective page of the schemes 