Bajaj Finserv Banking and Financial Services Fund vs Mirae Asset Nifty Financial Services ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Bajaj Finserv Banking and Financial Services Fund is a Thematic fund and Mirae Asset Nifty Financial Services ETF is an ETF fund. Bajaj Finserv Banking and Financial Services Fund charges 1.12% a year and Mirae Asset Nifty Financial Services ETF 0.20%. Their portfolios overlap 60.6%: they hold 12 of the same securities.
Bajaj Finserv Banking and Financial Services Fund
Thematic
- Expense ratio
- 1.12%
- NAV
- ₹9.28
Mirae Asset Nifty Financial Services ETF
ETF
- Expense ratio
- 0.20%
- NAV
- ₹25.73
Which is better, Bajaj Finserv Banking and Financial Services or Mirae Asset Nifty Financial Services ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Mirae Asset Nifty Financial Services ETF costs less: 0.20% a year against 1.12%.
- Bajaj Finserv Banking and Financial Services fell less in its worst fall since 03-12-2025: −15.6% against −17.3%.
- Mirae Asset Nifty Financial Services ETF holds more in large companies: 95.2% of the fund in large caps against 59.8%.
- Bajaj Finserv Banking and Financial Services is the larger fund: ₹469 Cr against ₹369 Cr.
- Their portfolios overlap 60.6%: 12 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bajaj Finserv Banking and Financial Services Fund | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Mirae Asset Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹469 Cr (30-09-2026) | ₹369 Cr (30-09-2026) |
| NAV | ₹9.28 (Direct) | ₹25.73 |
| Expense ratio (Direct) | 1.12% | Not available |
| Expense ratio (Regular) | 2.81% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 01-12-2025 | 30-07-2021 |
| Minimum investment | ₹500 | On exchange ( in multiple of 1 units), Directly with AMC (in multiple of 3,00,000 units) |
| Lock in | None | None |
| Fund managers | Kishore Agarwal, Sayan Das Sharma, Siddharth Chaudhary | Ekta Gala, amp, Ritesh Patel |
| Exit load | Exit load of 1%, if redeemed within 3 months. | NIL |
Bajaj Finserv Banking and Financial Services vs Mirae Asset Nifty Financial Services ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Banking and Financial Services Fund (Direct) | −1.80% | −7.21% | −2.54% | -- | -- | -- | -- |
| Mirae Asset Nifty Financial Services ETF | +0.29% | −5.67% | −2.95% | −9.05% | +9.59% | +6.50% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Bajaj Finserv Banking and Financial Services vs Mirae Asset Nifty Financial Services ETF: Year-wise Returns
| Year | Bajaj Finserv Banking and Financial ServicesBajaj Finserv Banking and Financial Services | Mirae Asset Nifty Financial Services ETFMirae Asset Nifty Financial Services ETF | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −7.80% | −9.79% | −9.69% |
| 2025 | -- | +18.40% | +18.60% |
| 2024 | -- | +10.31% | +10.52% |
| 2023 | -- | +14.26% | +14.31% |
| 2022 | -- | +10.34% | +10.47% |
Bajaj Finserv Banking and Financial Services vs Mirae Asset Nifty Financial Services ETF: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Bajaj Finserv Banking and Financial Services vs Mirae Asset Nifty Financial Services ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Banking and Financial Services Fund (Direct) | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Return (CAGR) | −7.65% | +8.81% |
| Standard deviation | 16.55% | 16.60% |
| Sharpe ratio | -0.78 | 0.19 |
| Sortino ratio | -1.06 | 0.26 |
| Maximum drawdown | −15.6% (31-03-2026) | −23.2% (16-06-2022) |
| Beta | 0.89 | 1.00 |
| Alpha | +1.26% | −0.13% |
From daily NAVs, 03-12-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bajaj Finserv Banking and Financial Services Fund (Direct)
Mirae Asset Nifty Financial Services ETF
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Banking and Financial Services Fund (Direct) | −15.6% | 18-02-2026 | 31-03-2026 | Not yet | -- | −9.9% |
| Mirae Asset Nifty Financial Services ETF | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.5% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 03-12-2025, the first day every fund has.
Bajaj Finserv Banking and Financial Services vs Mirae Asset Nifty Financial Services ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Banking and Financial Services Fund, September 2026; Mirae Asset Nifty Financial Services ETF, September 2026
Holdings in common
- Overlap
- 60.6%
- Held by both
- 12
- Only in Bajaj Finserv Banking and Financial Services
- 25
- Only in Mirae Asset Nifty Financial Services ETF
- 8
| Security | % of Bajaj Finserv Banking and Financial Services | % of Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| HDFC Bank Limited | 15.23% | 18.64% |
| ICICI Bank Limited | 12.61% | 14.20% |
| State Bank of India | 8.21% | 9.94% |
| Bajaj Finance Limited | 5.49% | 8.62% |
| Kotak Mahindra Bank Limited | 5.05% | 10.11% |
| Axis Bank Limited | 5.00% | 10.18% |
| SBI Life Insurance Company Limited | 2.88% | 2.51% |
| Bajaj Finserv Limited | 1.84% | 3.31% |
| Cholamandalam Investment and Finance Company Ltd | 1.42% | 2.31% |
| Max Financial Services Limited | 1.23% | 1.18% |
| BSE Limited | 1.03% | 4.16% |
| Jio Financial Services Limited | 1.00% | 2.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 60.6% means 60.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bajaj Finserv Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| RBL Bank Limited | 3.00% |
| SBI Funds Management Limited | 2.91% |
| Sundaram Finance Limited | 2.59% |
| The Federal Bank Limited | 2.50% |
| Niva Bupa Health Insurance Company Limited | 2.47% |
Largest holdings only in Mirae Asset Nifty Financial Services ETF
| Security | % of fund |
|---|---|
| Shriram Finance Ltd. | 4.53% |
| HDFC Life Insurance Company Ltd. | 1.85% |
| Power Finance Corporation Ltd. | 1.56% |
| ICICI Lombard General Insurance Company Ltd. | 1.25% |
| REC Ltd. | 1.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Banking and Financial Services | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Equity | 95.7% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.3% | -0.0% |
Market cap of stocks
| Market cap | Bajaj Finserv Banking and Financial Services | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Large Cap | 59.8% | 95.2% |
| Mid Cap | 10.4% | 4.2% |
| Small Cap | 20.6% | 0.5% |
| Not on AMFI's list | 4.9% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bajaj Finserv Banking and Financial Services | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Banks | 53.5% | 63.1% |
| Finance | 19.9% | 26.0% |
| Capital Markets | 10.9% | 4.2% |
| Insurance | 9.4% | 6.8% |
| Financial Technology (Fintech) | 1.5% | 0.0% |
| Commercial Services & Supplies | 0.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Banking and Financial Services vs Mirae Asset Nifty Financial Services ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Banking and Financial Services Fund | Mirae Asset Nifty Financial Services ETF |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | Not available |
| Base expense ratio (Direct) | 0.66% | 0.00% |
| Total expense ratio (Regular) | 2.81% | Not available |
| Base expense ratio (Regular) | 2.09% | 0.11% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Bajaj Finserv Banking and Financial Services Fund vs Mirae Asset Nifty Financial Services ETF: Frequently Asked Questions
What is the difference between Bajaj Finserv Banking and Financial Services Fund and Mirae Asset Nifty Financial Services ETF?
Bajaj Finserv Banking and Financial Services Fund is a Thematic fund, Mirae Asset Nifty Financial Services ETF is an ETF fund, run by Bajaj Finserv Mutual Fund and Mirae Asset Mutual Fund. Their portfolios overlap 60.6%. Bajaj Finserv Banking and Financial Services Fund charges 1.12% a year and Mirae Asset Nifty Financial Services ETF 0.20%.
Which has the lower expense ratio, Bajaj Finserv Banking and Financial Services Fund or Mirae Asset Nifty Financial Services ETF?
Mirae Asset Nifty Financial Services ETF charges less: 0.20% a year against 1.12%. These are the total expense ratios reported to AMFI.
How much do Bajaj Finserv Banking and Financial Services Fund and Mirae Asset Nifty Financial Services ETF overlap?
60.6%. They hold 12 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Banking and Financial Services Fund or Mirae Asset Nifty Financial Services ETF?
On SEBI's riskometer, Bajaj Finserv Banking and Financial Services Fund is rated Very High and Mirae Asset Nifty Financial Services ETF Very High. Over their common history, the standard deviation of daily returns was 16.55% and 16.60% a year.
Can I invest in both Bajaj Finserv Banking and Financial Services Fund and Mirae Asset Nifty Financial Services ETF?
Yes. 60.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bajaj Finserv Banking and Financial Services Fund and Mirae Asset Nifty Financial Services ETF?
Bajaj Finserv Banking and Financial Services Fund: Kishore Agarwal, Sayan Das Sharma, Siddharth Chaudhary. Mirae Asset Nifty Financial Services ETF: Ekta Gala, amp, Ritesh Patel.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.