Mirae Asset Banking and Financial Services Fund vs Tata Banking & Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Mirae Asset Banking and Financial Services Fund is a Thematic fund and Tata Banking & Financial Services Fund is a Thematic fund. In the 3 years to 30-10-2026, Mirae Asset Banking and Financial Services Fund (Direct) returned 11.8% a year and Tata Banking & Financial Services Fund (Direct) returned 10.1% a year. Mirae Asset Banking and Financial Services Fund charges 0.80% a year and Tata Banking & Financial Services Fund 0.94% (Direct plans). Their portfolios overlap 59.8%: they hold 14 of the same securities.
Mirae Asset Banking and Financial Services Fund
Thematic
- 3 year return
- 11.8%
- Expense ratio
- 0.80%
- NAV
- ₹21.94
Tata Banking & Financial Services Fund
Thematic
- 3 year return
- 10.1%
- Expense ratio
- 0.94%
- NAV
- ₹47.92
Which is better, Mirae Asset Banking and Financial Services or Tata Banking & Financial Services? 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 Banking and Financial Services returned more over 5 years: 10.6% a year against 10.0%.
- Mirae Asset Banking and Financial Services returned more over 3 years: 11.8% a year against 10.1%.
- Mirae Asset Banking and Financial Services costs less: 0.80% a year against 0.94% (Direct plans).
- Tata Banking & Financial Services swung less over 3 years: a standard deviation of 15.4% a year against 15.6%.
- Mirae Asset Banking and Financial Services fell less in its worst fall since 14-12-2020: −21.0% against −23.1%.
- Tata Banking & Financial Services is the larger fund: ₹3,053 Cr against ₹2,196 Cr.
- Their portfolios overlap 59.8%: 14 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 | Mirae Asset Banking and Financial Services Fund | Tata Banking & Financial Services Fund |
|---|---|---|
| Fund house | Mirae Asset Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹2,196 Cr (30-09-2026) | ₹3,053 Cr (30-09-2026) |
| NAV | ₹21.94 (Direct) | ₹47.92 (Direct) |
| Expense ratio (Direct) | 0.80% | 0.94% |
| Expense ratio (Regular) | 2.15% | 2.24% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 11-12-2020 | 28-12-2015 |
| Minimum investment | ₹5,000 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Abhijith Vara | Kapil Malhotra |
| Exit load | Exit load of 1% if redeemed within 1 Month. | 0.25% of NAV if redeemed /switched out before 30 days from the date of allotment. |
Mirae Asset Banking and Financial Services vs Tata Banking & Financial Services: 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 |
|---|---|---|---|---|---|---|---|
| Mirae Asset Banking and Financial Services Fund (Direct) | −1.35% | −5.99% | −2.61% | −5.17% | +11.77% | +10.56% | -- |
| Tata Banking & Financial Services Fund (Direct) | −3.13% | −7.12% | −3.81% | −8.46% | +10.13% | +10.01% | +13.54% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Mirae Asset Banking and Financial Services vs Tata Banking & Financial Services: Year-wise Returns
| Year | Mirae Asset Banking andMirae Asset Banking and Financial Services | Tata Banking &Tata Banking & Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −7.81% | −9.63% | −9.69% |
| 2025 | +20.99% | +19.22% | +18.60% |
| 2024 | +13.29% | +10.64% | +10.52% |
| 2023 | +22.79% | +23.84% | +14.31% |
| 2022 | +14.78% | +18.82% | +10.47% |
| 2021 | +19.26% | +13.63% | +14.55% |
Mirae Asset Banking and Financial Services vs Tata Banking & Financial Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 708 of them, one for each trading day from 14-12-2023 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Mirae Asset Banking and Financial Services Fund (Direct)
Tata Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Mar 2024Sept 2021
to
Sept 2024Feb 2022
to
Feb 2025Aug 2022
to
Aug 2025Feb 2023
to
Feb 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mirae Asset Banking and Financial Services | 0.0 | 0.0 | 0.0 | 23.9 | 60.3 | 13.7 | 2.1 | 17.4% | 17.4% | 11.0% | 26.2% | 100% |
| Tata Banking & Financial Services | 0.0 | 0.0 | 0.4 | 25.6 | 57.5 | 11.6 | 4.9 | 17.3% | 17.3% | 9.8% | 28.1% | 100% |
| Nifty Financial Services TRI | 0.0 | 0.0 | 18.8 | 60.6 | 17.2 | 3.4 | 0.0 | 12.8% | 12.4% | 6.1% | 21.9% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Financial Services TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 14-12-2020. Past returns do not promise future returns.
Mirae Asset Banking and Financial Services vs Tata Banking & Financial Services: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 14-12-2020 to 30-10-2026: 71 instalments, ₹7,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Mirae Asset Banking and Financial ServicesMirae Asset Banking and Financial Services Fund (Direct) | ₹7,10,000 | ₹9,91,694 | ₹2,81,694 | 11.2% |
| Tata Banking & Financial ServicesTata Banking & Financial Services Fund (Direct) | ₹7,10,000 | ₹9,60,962 | ₹2,50,962 | 10.1% |
Mirae Asset Banking and Financial ServicesMirae Asset Banking and Financial Services Fund (Direct)
Tata Banking & Financial ServicesTata Banking & Financial Services Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Mirae Asset Banking and Financial Services vs Tata Banking & Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Mirae Asset Banking and Financial Services Fund (Direct) | Tata Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.17% | −8.46% |
| Standard deviation | 16.28% | 17.13% |
| Sharpe ratio | -0.64 | -0.80 |
| Sortino ratio | -0.88 | -1.07 |
| Maximum drawdown | −15.8% (30-03-2026) | −16.5% (31-03-2026) |
| Beta | 0.90 | 0.93 |
| Alpha | +2.35% | −0.53% |
From daily NAVs, 30-10-2025 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.
| Measure | Mirae Asset Banking and Financial Services Fund (Direct) | Tata Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.77% | +10.13% |
| Standard deviation | 15.58% | 15.44% |
| Sharpe ratio | 0.37 | 0.27 |
| Sortino ratio | 0.51 | 0.36 |
| Maximum drawdown | −15.8% (30-03-2026) | −16.5% (31-03-2026) |
| Beta | 0.92 | 0.89 |
| Alpha | +2.30% | +0.76% |
From daily NAVs, 30-10-2023 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.
| Measure | Mirae Asset Banking and Financial Services Fund (Direct) | Tata Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.56% | +10.01% |
| Standard deviation | 16.00% | 15.87% |
| Sharpe ratio | 0.30 | 0.27 |
| Sortino ratio | 0.41 | 0.36 |
| Maximum drawdown | −19.5% (16-06-2022) | −21.3% (20-06-2022) |
| Beta | 0.93 | 0.90 |
| Alpha | +3.99% | +3.46% |
From daily NAVs, 29-10-2021 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.
| Measure | Mirae Asset Banking and Financial Services Fund (Direct) | Tata Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.24% | +15.51% |
| Standard deviation | 16.69% | 18.79% |
| Sharpe ratio | 0.53 | 0.53 |
| Sortino ratio | 0.74 | 0.73 |
| Maximum drawdown | −21.0% (16-06-2022) | −41.6% (23-03-2020) |
| Beta | 0.92 | 0.87 |
| Alpha | +4.22% | +3.29% |
From daily NAVs, 14-12-2020 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.
Mirae Asset Banking and Financial Services Fund (Direct)
Tata Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Mirae Asset Banking and Financial Services Fund (Direct) | −21.0% | 26-10-2021 | 16-06-2022 | 11-11-2022 | 5 months | −10.6% |
| Tata Banking & Financial Services Fund (Direct) | −23.1% | 26-10-2021 | 20-06-2022 | 11-11-2022 | 5 months | −11.9% |
| Nifty Financial Services TRI | −23.1% | 26-10-2021 | 16-06-2022 | 04-05-2023 | 11 months | −12.4% |
From daily values since 14-12-2020, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Banking and Financial Services Fund (Direct)
Tata Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Banking and Financial Services Fund (Direct)
Tata Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Mirae Asset Banking and Financial Services Fund (Direct)
Tata Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Mirae Asset Banking and Financial Services Fund (Direct) | 106% | 87% | 4.68% |
| Tata Banking & Financial Services Fund (Direct) | 104% | 89% | 5.39% |
From month-end values since 14-12-2020. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Mirae Asset Banking and Financial Services vs Tata Banking & Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Mirae Asset Banking and Financial Services Fund, September 2026; Tata Banking & Financial Services Fund, September 2026
Holdings in common
- Overlap
- 59.8%
- Held by both
- 14
- Only in Mirae Asset Banking and Financial Services
- 16
- Only in Tata Banking & Financial Services
- 22
| Security | % of Mirae Asset Banking and Financial Services | % of Tata Banking & Financial Services |
|---|---|---|
| HDFC Bank Ltd. | 14.44% | 11.94% |
| ICICI Bank Ltd. | 13.63% | 10.39% |
| State Bank of India | 8.62% | 7.20% |
| Axis Bank Ltd. | 7.96% | 6.75% |
| Kotak Mahindra Bank Ltd. | 4.49% | 5.61% |
| Bajaj Finance Ltd. | 3.87% | 4.49% |
| SBI Life Insurance Co. Ltd. | 3.45% | 3.73% |
| Multi Commodity Exchange of India Ltd. | 2.97% | 2.45% |
| Shriram Finance Ltd. | 2.10% | 2.97% |
| DCB Bank Ltd. | 1.75% | 1.92% |
| Canara HSBC Life Insurance Co.Ltd. | 2.13% | 1.61% |
| Karur Vysya Bank Ltd. | 2.63% | 1.56% |
| IndusInd Bank Ltd. | 1.57% | 1.35% |
| PB Fintech Ltd. | 0.92% | 2.81% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 59.8% means 59.8% 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 Mirae Asset Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| Kfin Technologies Ltd. | 2.93% |
| HDB Financial Services Ltd. | 2.74% |
| L&T Finance Ltd. | 2.69% |
| Aditya Birla Capital Ltd. | 2.62% |
| Equitas Small Finance Bank Ltd. | 2.01% |
Largest holdings only in Tata Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| ONE 97 COMMUNICATIONS LTD | 2.80% |
| PNB HOUSING FINANCE LTD | 2.56% |
| STAR HEALTH AND ALLIED INSURANCE COMPANY LTD | 2.25% |
| PIRAMAL FINANCE LTD | 2.13% |
| CITY UNION BANK LTD | 2.07% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Mirae Asset Banking and Financial Services | Tata Banking & Financial Services |
|---|---|---|
| Equity | 97.9% | 98.6% |
| Debt | 0.0% | 0.0% |
| Cash and others | 2.1% | 1.4% |
Market cap of stocks
| Market cap | Mirae Asset Banking and Financial Services | Tata Banking & Financial Services |
|---|---|---|
| Large Cap | 61.0% | 55.8% |
| Mid Cap | 15.7% | 17.4% |
| Small Cap | 21.2% | 23.6% |
| Not on AMFI's list | 0.0% | 1.8% |
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 | Mirae Asset Banking and Financial Services | Tata Banking & Financial Services |
|---|---|---|
| Banks | 58.4% | 53.1% |
| Finance | 17.9% | 20.9% |
| Capital Markets | 11.3% | 8.3% |
| Insurance | 7.7% | 10.8% |
| Financial Technology (Fintech) | 2.6% | 5.6% |
The six largest sectors of each fund's stocks, % of the fund.
Mirae Asset Banking and Financial Services vs Tata Banking & Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Mirae Asset Banking and Financial Services Fund | Tata Banking & Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.80% | 0.94% |
| Base expense ratio (Direct) | 0.59% | 0.51% |
| Total expense ratio (Regular) | 2.15% | 2.24% |
| Base expense ratio (Regular) | 1.74% | 1.67% |
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
Compare Mirae Asset Banking and Financial Services with
- Mirae Asset Banking and Financial Services vs Nippon India Taiwan Equity
- Mirae Asset Banking and Financial Services vs HDFC Defence
- Mirae Asset Banking and Financial Services vs HDFC Pharma and Healthcare
- Mirae Asset Banking and Financial Services vs SBI Healthcare Opportunities
- Mirae Asset Banking and Financial Services vs Aditya Birla Sun Life International Equity
Compare Tata Banking & Financial Services with
- Tata Banking & Financial Services vs Nippon India Taiwan Equity
- Tata Banking & Financial Services vs HDFC Defence
- Tata Banking & Financial Services vs HDFC Pharma and Healthcare
- Tata Banking & Financial Services vs SBI Healthcare Opportunities
- Tata Banking & Financial Services vs Aditya Birla Sun Life International Equity
Mirae Asset Banking and Financial Services Fund vs Tata Banking & Financial Services Fund: Frequently Asked Questions
What is the difference between Mirae Asset Banking and Financial Services Fund and Tata Banking & Financial Services Fund?
Mirae Asset Banking and Financial Services Fund is a Thematic fund, Tata Banking & Financial Services Fund is a Thematic fund, run by Mirae Asset Mutual Fund and Tata Mutual Fund. Their portfolios overlap 59.8%. Mirae Asset Banking and Financial Services Fund charges 0.80% a year and Tata Banking & Financial Services Fund 0.94%.
Which has given higher returns, Mirae Asset Banking and Financial Services Fund or Tata Banking & Financial Services Fund?
Over 1 year: Mirae Asset Banking and Financial Services Fund −5.17%, Tata Banking & Financial Services Fund −8.46%. Over 3 years: Mirae Asset Banking and Financial Services Fund +11.77% a year, Tata Banking & Financial Services Fund +10.13% a year. Over 5 years: Mirae Asset Banking and Financial Services Fund +10.56% a year, Tata Banking & Financial Services Fund +10.01% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Mirae Asset Banking and Financial Services Fund or Tata Banking & Financial Services Fund?
Mirae Asset Banking and Financial Services Fund charges less: 0.80% a year against 0.94%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Mirae Asset Banking and Financial Services Fund and Tata Banking & Financial Services Fund overlap?
59.8%. They hold 14 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Mirae Asset Banking and Financial Services Fund or Tata Banking & Financial Services Fund?
On SEBI's riskometer, Mirae Asset Banking and Financial Services Fund is rated Very High and Tata Banking & Financial Services Fund Very High. Over 3 years, the standard deviation of daily returns was 15.58% and 15.44% a year.
Which is better for SIP, Mirae Asset Banking and Financial Services Fund or Tata Banking & Financial Services Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,96,317 in Mirae Asset Banking and Financial Services Fund (XIRR 10.4% a year) and ₹7,74,866 in Tata Banking & Financial Services Fund (XIRR 9.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Mirae Asset Banking and Financial Services Fund and Tata Banking & Financial Services Fund?
Yes. 59.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Mirae Asset Banking and Financial Services Fund and Tata Banking & Financial Services Fund?
Mirae Asset Banking and Financial Services Fund: Abhijith Vara. Tata Banking & Financial Services Fund: Kapil Malhotra.
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.