Mirae Asset Banking and Financial Services Fund Direct Growth

Q: How much expense ratio is charged by Mirae Asset Banking and Financial Services Fund Direct Growth?

The expense ratio for Mirae Asset Banking and Financial Services Fund Direct Growth, or any other mutual fund, is the yearly fee you pay for managing your investments. As of 09 May 2025, the expense ratio charged by Mirae Asset Banking and Financial Services Fund Direct Growth is typically around undefined %. This fee covers fund management, administrative, and other operational costs. It is relatively low compared to actively managed funds, reflecting its direct growth option.

Q: What is the AUM of Mirae Asset Banking and Financial Services Fund Direct Growth?

As of 09 May 2025, the Assets Under Management (AUM) of Mirae Asset Banking and Financial Services Fund Direct Growth is approximately ₹1946.5187 crore. The AUM can fluctuate based on market conditions and investor activity. It indicates the total value of assets managed by the fund.

Q: What is the NAV of Mirae Asset Banking and Financial Services Fund Direct Growth?

The Net Asset Value (NAV) of Mirae Asset Banking and Financial Services Fund Direct Growth is updated daily and reflects the per-unit value of the fund's assets. As of 09 May 2025 , the NAV is around undefined per unit, but this value might change based on market performance and fund holdings.

Q: What is the PE and PB ratio of Mirae Asset Banking and Financial Services Fund Direct Growth?

The PE ratio for Mirae Asset Banking and Financial Services Fund Direct Growth is 22.29 and the PB ratio is 3.29. The PE ratio is calculated by dividing the market price by the earnings per share, whereas the PB ratio is calculated by dividing the stock price by the book value per share.

Q: What is the exit load of Mirae Asset Banking and Financial Services Fund Direct Growth?

The exit load for Mirae Asset Banking and Financial Services Fund Direct Growth is undefined% if units are redeemed within 30 days from the date of investment. After this period, no exit load is applicable. This fee is charged to discourage short-term trading and ensure long-term investment.

Equity

NAV

₹ 20.50

CAGR (3 Years)

21.31%

AUM (Cr)

₹ 1,946.52

Risk

Very High Risk

About Mirae Asset Banking and Financial Services Fund Direct Growth

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.