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 | Sectoral / Thematic Fund - 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. Gaurav Kochar# (since December 11, 2020) |
| Allotment Date | 11th December, 2020 |
| Benchmark Index | Nifty Financial Services Index (TRI) |
| Minimum Investment Amount |
₹ 5,000/- and in multiples of ₹ 1/-thereafter. Minimum Additional Application Amount: ₹ 1,000/- per application 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 in case of Monthly or 3 in case of Quarterly option. |
| 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 IDCW^ Option (Payout & Re-investment) |
| Monthly Average AUM (₹ Cr.) as on December 30, 2022 | 1,279.61 |
| Net AUM (₹ Cr.) |
1,277.34 |
| Monthly Avg. Expense Ratio (Including Statutory Levies) as on December 30, 2022 |
Regular Plan: 2.17% Direct Plan: 0.61% |
| ^Pursuant to Notice cum addendum dated March 27, 2021 the nomenclature of dividend option has been changed w.e.f. April 01, 2021. #As per notice cum addendum no. 43/2022 fund manager of the scheme has changed. Please visit the website for more details: https://www.miraeassetmf.co.in/downloads/statutory-disclosure/addendum |
|
| **For experience of Fund Managers Click Here | |
| NAV: | Direct | Regular |
| Growth | ₹ 14.136 | ₹ 13.652 |
| IDCW^ | ₹ 14.096 | ₹ 13.669 |
| Portfolio Turnover Ratio | 0.31 times |
@The Volatility, Beta, R Squared, Sharpe Ratio & Information Ratio are calculated on returns from last three years Monthly data points. # Risk free rate: FBIL OVERNIGHT MIBOR as on 30th December, 2022. ^Basis last rolling 12 months. |
|
| Portfolio Holdings | % Allocation |
| Banks | |
| The Federal Bank Ltd | 4.37% |
| Axis Bank Ltd | 3.71% |
| State Bank of India | 2.01% |
| Consumer Durables | |
| Kajaria Ceramics Ltd | 2.13% |
| Bata India Ltd | 1.93% |
| Crompton Greaves Consumer Electricals Ltd | 1.84% |
| Voltas Ltd | 1.47% |
| TTK Prestige Ltd | 0.99% |
| Century Plyboards (India) Ltd | 0.90% |
| Pharmaceuticals & Biotechnology | |
| Lupin Ltd | 1.99% |
| IPCA Laboratories Ltd | 1.74% |
| Laurus Labs Ltd | 1.45% |
| Natco Pharma Ltd | 1.29% |
| Ajanta Pharma Ltd | 1.20% |
| Biocon Ltd | 0.67% |
| Industrial Products | |
| Bharat Forge Ltd | 4.10% |
| SKF India Ltd | 1.94% |
| Prince Pipes And Fittings Ltd | 1.44% |
| Finance | |
| Shriram Finance Ltd | 3.56% |
| Power Finance Corporation Ltd | 2.86% |
| IT - Software | |
| LTIMindtree Ltd | 2.21% |
| Coforge Ltd | 1.75% |
| MphasiS Ltd | 0.87% |
| Auto Components | |
| CEAT Ltd | 1.38% |
| Craftsman Automation Ltd | 1.15% |
| Balkrishna Industries Ltd | 0.98% |
| Sona BLW Precision Forgings Ltd | 0.73% |
| Cement & Cement Products | |
| Nuvoco Vistas Corporation Ltd | 1.79% |
| JK Cement Ltd | 1.79% |
| Chemicals & Petrochemicals | |
| Atul Ltd | 1.82% |
| Chemplast Sanmar Ltd | 0.93% |
| Sudarshan Chemical Industries Ltd | 0.62% |
| Transport Services | |
| Container Corporation of India Ltd | 1.82% |
| Delhivery Ltd | 1.51% |
| Automobiles | |
| TVS Motor Company Ltd | 3.20% |
| Gas | |
| Gujarat State Petronet Ltd | 2.11% |
| Indraprastha Gas Ltd | 0.97% |
| Power | |
| NTPC Ltd | 3.00% |
| Healthcare Services | |
| Fortis Healthcare Ltd | 1.59% |
| Krishna Institute Of Medical Sciences Ltd | 1.27% |
| Ferrous Metals | |
| Jindal Steel & Power Ltd | 2.60% |
| Fertilizers & Agrochemicals | |
| Bayer Cropscience Ltd | 2.56% |
| Telecom - Services | |
| Tata Communications Ltd | 2.23% |
| Electrical Equipment | |
| Thermax Ltd | 2.17% |
| Textiles & Apparels | |
| Page Industries Ltd | 2.16% |
| Industrial Manufacturing | |
| Honeywell Automation India Ltd | 2.06% |
| Personal Products | |
| Emami Ltd | 2.01% |
| Capital Markets | |
| UTI Asset Management Company Ltd | 1.53% |
| KFin Technologies Ltd | 0.31% |
| Aerospace & Defense | |
| Bharat Electronics Ltd | 1.71% |
| Insurance | |
| Max Financial Services Ltd | 1.52% |
| Entertainment | |
| Zee Entertainment Enterprises Ltd | 1.12% |
| Leisure Services | |
| Westlife Foodworld Ltd | 0.91% |
| Petroleum Products | |
| Hindustan Petroleum Corporation Ltd | 0.86% |
| Realty | |
| Prestige Estates Projects Ltd | 0.85% |
| Non - Ferrous Metals | |
| National Aluminium Company Ltd | 0.56% |
| Equity Holding Total | 99.44% |
| Cash & Other Receivables | 0.56% |
| Total | 100.00% |
| New Position Bought |
| Stock |
| Capital Markets |
| KFin Technologies Limited |
| Finance |
| Shriram Finance Limited |
| Positions Increased |
| Stock |
| Banks |
| Canara Bank |
| Finance |
| Bajaj Finserv Limited |
| Can Fin Homes Limited |
| Cholamandalam Financial Holdings Limited |
| CreditAccess Grameen Limited |
| Five Star Business Finance Limited |
| Fusion Micro Finance Limited |
| Insurance |
| Max Financial Services Limited |
| Positions Decreased |
| Stock |
| Banks |
| Axis Bank Limited |
| Bank of Baroda |
| ICICI Bank Limited |
| State Bank of India |
| Capital Markets |
| UTI Asset Management Company Limited |
| Finance |
| Equitas Holdings Limited |
| Housing Development Finance Corporation Limited |
| Power Finance Corporation Limited |
| Returns (in%) | ||||
| 1 Yr | SI | |||
| MABFSF | 12.98% |
16.38% |
||
| Scheme Benchmark* | 10.47% |
14.79% |
||
| Additional Benchmark** | 5.80% |
15.78% |
||
| NAV as on 30th December, 2022 | ₹ 13.652 | |||
| Index Value (30th December, 2022) | Index Value of benchmark is 23,380.84 and S&P BSE Sensex (TRI) is 91,969.30 |
|||
| Allotment Date | 11th December, 2020 | |||
| Scheme Benchmark | *Nifty Financial Services Index (TRI) | |||
| Additional Benchmark | **S&P BSE Sensex (TRI) | |||
Fund manager : Mr. Gaurav Kochar managing the scheme since 11th December, 2020.
Note: Returns below or for 1 year are absolute returns, returns above 1 year are CAGR- Compounded Annualized Growth returns.
| Period | Total Amount Invested | Mkt Value as on 30-December-2022 |
SI |
240,000 |
274,227 |
1 Yr |
120,000 |
133,224 |
Returns (%) |
Period |
|
SI |
1yr |
|
Fund Return& (%) |
13.43 |
21.15 |
Benchmark Return& (%) |
11.58 |
18.15 |
Add. Benchmark Return& (%) |
11.05 |
10.95 |
& The SIP returns are calculated by XIRR approach assuming investment of ₹ 10,000/- on the 1st working day of every month.
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
*Investors should consult their financial advisers if they are not clear about the suitability of the product.
Note : For computation of since inception returns (%) the allotment NAV has been taken as ₹ 10.00. The performance of other funds managed by the same fund managers are given in the respective page of the schemes 
Different Plans under the scheme has different expense structure. The reference and details provided here in are of Regular Plan - Growth Option