Holdings (30)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 17.86841132% |
| ICICI Bank Ltd. | Financial | Equity | 16.69483254% |
| State Bank of India | Financial | Equity | 7.64390682% |
| Axis Bank Ltd. | Financial | Equity | 7.21507746% |
| Bajaj Finance Ltd. | Financial | Equity | 4.34601909% |
| The Federal Bank Ltd. | Financial | Equity | 4.28648556% |
| India Shelter Finance Corporation Ltd. | Financial | Equity | 3.81545352% |
| SBI Life Insurance Company Ltd. | Insurance | Equity | 2.92782594% |
| Shriram Finance Ltd | Financial | Equity | 2.48277815% |
| General Insurance Corporation of India | Insurance | Equity | 2.46525872% |
Returns and rankings
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund Returns | 19.92% | 18.42% | NA% | 81.45% |
| Category Average | 13.48% | 16.01% | 23.69% | NA% |
| Rank Within Category | 6.00% | 6.00% | NA% | NA% |
Expense ratio, exit load and tax
Expense ratio: 0.7%
Inclusive of GST
Exit load
Exit load of 1% if redeemed within one year.
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Fund management
Education
Mr. Kochar is a Chartered Accountant
Experience
Prior to joining Mirae Asset Mutual Fund, he has worked with Kotak Bank as an Internal Auditor for 3 years, later worked for almost 2.5 years in Ambit Capital as a Research Analyst – Banking.