(As of 31 May, 2022)
IISL Nifty Financial Services TR INR
Investors understand that their principal will be at Risk.
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
1 %(If redeemed within 365 days)
HDFC Bank Ltd
ICICI Bank Ltd
Axis Bank Ltd
State Bank of India
As the name suggests, Sectoral Funds invest in specific sectors of the economy. These funds are less diversified as they invest entirely in a particular sector; hence, their risk factor also depends on the respective sector’s performance, this carrying high risk. For example, a FMCG fund will only invest in FMCG companies while a tech fund will invest in only tech companies.The aim of these funds is to give investors a chance to benefit from the growth prospects of a particular fund.
This fund is rated 0 stars by Morning Star Ratings.
Mirae Asset was founded in 1997 in the wake of the Asian financial crisis with a vision of and dedication to serving clients in a way to help them build wealth for life with proven investment strategies.
As on 12th March 2019, Mirae Asset Management’s AUM (Assets under Management) had crossed the important threshold of Rs 25,000 Cr (Rs 22,000 in equity and Rs 3,100 in debt),
witnessing a growth of over 50% in calendar year 2018.