Kuvera makes mutual fund investments simpler and faster. To invest in Mirae Asset Banking & Financial Services IDCW Payout Direct Plan, login to Kuvera and search for Mirae Asset Banking & Financial Services IDCW Payout Direct Plan. You can also go to "Invest", select "All Mutual Funds" and scroll to Mirae Asset Banking & Financial Services IDCW Payout Direct Plan. Click on this to check details on the fund's performance and fundamentals. Depending on your risk appetite and investment objective, select either the Monthly SIP or One time (Lump sum investment) option and complete the investment process.

Mirae Asset Banking & Financial Services IDCW Payout Direct Plan has given 11.0% over the last 1 year , 13.8% over the last 3 years, 0.0% over the last 5 years and 16.9% since its inception.

Minimum SIP amount required for Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is INR 99.

Minimum lump sum amount required for Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is INR 5000.

Create an account on Kuvera to invest in over 5000 direct mutual funds from the leading AMCs in India. To start an SIP for Mirae Asset Banking & Financial Services IDCW Payout Direct Plan online, follow the steps given below:

Step 1: Login to Kuvera and click on Invest and then select Mutual Funds.

Step 2: Search by name, or scroll to Mirae Asset Banking & Financial Services IDCW Payout Direct Plan and click on it.

Step 3: Choose Monthly SIP and enter the SIP amount and date for every month.

Step 4: Complete the fund transfer and you are done!

You can explore SIP, STP and SWP tabs in your cart to see all the funds that have existing SIPs.

Redeeming mutual funds on Kuvera is fast and hassle-free. To redeem Mirae Asset Banking & Financial Services IDCW Payout Direct Plan, just go to your portfolio on the Kuvera app or website, click on the "Redeem" option under Mirae Asset Banking & Financial Services IDCW Payout Direct Plan, enter your desired amount, or check the "Yes" next to Redeem all units if you want to redeem your entire holding.

Yes, you can invest in Mirae Asset Banking & Financial Services IDCW Payout Direct Plan IDCW on Kuvera through SIP and Lump sum options. Follow these steps to get started :

On Kuvera app :

Step 1: Login and click on Invest and All Mutual Funds.

Step 2: Click on Filter, select "Plan" type as "Dividend". You will see the IDCW plans.

Step 3: Select Mirae Asset Banking & Financial Services IDCW Payout Direct Plan and choose Monthly SIP or One Time investment options.

On Kuvera website

Step 1: Login and click on Invest on the home screen, select Mutual Funds.

Step 2:Turn the toggle from "Growth" to "Dividend" and you will see the results of all the IDCW plans.

Step 3: Select Mirae Asset Banking & Financial Services IDCW Payout Direct Plan and choose Monthly SIP or One Time (Lump sum) investment options.

Create an account on Kuvera to invest in over 5000 direct mutual funds from the leading AMCs in India. To start an SIP for Mirae Asset Banking & Financial Services IDCW Payout Direct Plan online, follow the steps given below:

Step 1: Login to Kuvera and click on Invest and then select Mutual Funds.

Step 2: Search by name, or scroll to Mirae Asset Banking & Financial Services IDCW Payout Direct Plan and click on it.

Step 3: Choose Monthly SIP and enter the SIP amount and date for every month.

Step 4: Complete the fund transfer and you are done!

You can explore SIP, STP and SWP tabs in your cart to see all the funds that have existing SIPs.

Expense ratio is the amount (in percentage) which is charged by the mutual fund as a fee for managing your investment. Expense ratio of Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is 0.62% as on 06/02/2025.

NAV is the market value of the securities/assets held by the mutual fund divided by the total number of units issued by it. In simple terms, it is the price of a unit of the mutual fund. NAV of Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is INR 19.09 as on 05/02/2025.

Mirae Asset Banking & Financial Services IDCW Payout Direct Plan has assets under management worth INR 1800 Cr.

As per SEBI regulations, all mutual funds should indicate the level of risk involved with investing in the mutual fund. There are five levels of risk (a) Low: Principal at low risk, (b) Moderately Low: Principal at moderately low risk, (c) Moderate: Principal at moderate risk, (d) Moderately High: Principal at moderately high risk, (e) High: Principal at high risk. Risk category of Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is Very High Risk.

The top 10 holdings of the Mirae Asset Banking & Financial Services IDCW Payout Direct Plan as on 06/02/2025 are HDFC Bank Ltd at 17.72%, ICICI Bank Ltd at 16.23%, State Bank of India at 8.06%, Axis Bank Ltd at 6.43%, The Federal Bank Ltd at 4.74%, Bajaj Finance Ltd at 4.38%, India Shelter Finance Corporation Ltd at 4.15%, Kotak Mahindra Bank Ltd at 2.71%, SBI Life Insurance Co Ltd at 2.69%, General Insurance Corp of India at 2.66% .

Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is an equity mutual fund and the capital gains made from it are taxed at the rate of 10% for long term gains (if you hold your units for 1 year or more) and at the rate of 15% for short terms gains (if you hold your units for less than a year).

Investment objective of the Mirae Asset Banking & Financial Services IDCW Payout Direct Plan:

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.

The category of the Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is Sectoral/Thematic.

Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is managed by Gaurav Kochar as on 06/02/2025.

Exit load is the fee/penalty which some of the mutual funds charge in case an investor decides to sell his/her mutual fund units within the exit load window. Exit load for Mirae Asset Banking & Financial Services IDCW Payout Direct Plan is