Mirae Asset Banking and Financial Services Fund Regular Growth - Investment Information

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₹18.15 (0.15%)
Current NAV 21-11-2024
18.88%
Returns
Min. SIP ₹500

Min. Investment ₹5000

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Overview Returns Risk Portfolio Investment Details

Fund Suitability Test

Investment Objective

The scheme seeks 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.

Basic Details

Key Information About Investing Details.

CategoryBanking & Financial
KRAKARVY
Inv. PlanGrowth
Launched In11-Dec-20
BenchmarkNifty Financial Services TRI
Fund TypeOpen Ended
Fund HouseMirae Asset Mutual Fund

Investment Details

Check the Fund’s General Information

Fund size1822.3 Cr.
Min. Investment₹ 5000
Min. Sip Inv.₹ 500
Min. Addl Inv.₹ 1000
Expense Ratio2.05%
Turn over30%
Exit LoadIf 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.

Fund Managers

Details of Managers and their Experience

Gaurav Kochar

Fund Manage : 1

Total AUM. : ₹1,507 Cr.

AMC Office Information

Registered Office of Mutual Fund Company

AMCMirae Asset Mutual Fund
Emailcustomercare@miraeasset.com
Office No 022-67800300
Websitehttps://www.miraeassetmf.co.in
AddressUnit 606, 6th Floor, Windsor, Off CST Road, Kalina, Santacruz (E), MUMBAI 400098

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Frequently Asked Questions

What is a mutual fund?

In simple words, a fund is an investor’s safety deposit much like in earlier times when people used to store their savings into a bag of rice, in today’s times that bag has come with a new name that is the Mutual Fund.

What are the benefits of investing in funds?

Investing allows us with an opportunity to earn higher returns on our investment with minimal risks. It grows the capital invested in the long-term and provides a systematic way to secure one’s future.

Do mutual funds generate income?

Investing in funds is a great way to build capital. Long-term investments have proven to be a successful tool to create generational wealth. Deep analysis of the market and risk tolerance can help investors to earn good returns and generate income as well.

How many types of mutual funds are there?

There are several types of funds such as: • Equity funds, primary investment in stocks and equity shares. Subcategories include large-cap, mid-cap, small-cap funds. • Debt funds • Money market funds • Hybrid funds • Specialized funds

Who gets your money in mutual funds?

The income generated on the funds is the interest gained on the invested amount which is fairly distributed among the investors.