Invesco India Financial Services Fund vs Mirae Asset Banking and Financial Services Fund
Invesco India Financial Services Fund and Mirae Asset Banking and Financial Services Fund are both Banking & Financial Services Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR +16.68% vs +13.74%, 5-year CAGR +13.75% vs +11.71%, volatility 15.97% vs 16.51%, maximum drawdown −42.40% vs −21.04%. Their portfolios overlap by 54.1% (18 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Fund house | Invesco Mutual Fund | Mirae Asset Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹177.7300 | ₹23.3840 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 14 Dec 2020 |
| Track record | 13.8 yrs | 5.9 yrs |
| Fund size (AUM) | ₹1,789 Cr | ₹2,196 Cr |
| Securities held | 34 | 30 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| 1 month | +4.41% | +4.53% |
| 3 months | −0.82% | −1.69% |
| 6 months | +0.99% | +1.00% |
| 1 year | +4.47% | +1.20% |
| 3 years (CAGR) | +16.68% | +13.74% |
| 5 years (CAGR) | +13.75% | +11.71% |
| 7 years (CAGR) | +14.87% | — |
| 10 years (CAGR) | +15.87% | — |
| Since launch (CAGR) | +15.46% | +15.45% |
| SIP return (XIRR, 5 years) ⓘ | +15.64% | +12.90% |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| 2026 (year to date) | +1.49% | −1.72% |
| 2025 | +16.58% | +20.99% |
| 2024 | +21.45% | +13.29% |
| 2023 | +27.66% | +22.79% |
| 2022 | +14.38% | +14.78% |
| 2021 | +15.62% | +19.26% |
Risk
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.97% | 16.51% |
| Downside volatility ⓘ | 10.69% | 10.93% |
| Sharpe ratio ⓘ | 0.64 | 0.44 |
| Sortino ratio ⓘ | 0.96 | 0.66 |
| Maximum drawdown ⓘ | −42.40% | −21.04% |
| Recovery from that fall | 9 months | 5 months |
| Current fall from peak | −2.57% | −4.73% |
| Rolling 1-year return: worst | −33.36% | −6.89% |
| Rolling 1-year return: median | +16.79% | +15.06% |
| Rolling 1-year return: best | +89.30% | +36.49% |
| Share of 1-year periods with a loss | 15.89% | 6.37% |
Against each fund's benchmark
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Beta ⓘ | 0.94 | 0.92 |
| Alpha (Jensen's, annualised) ⓘ | +4.72% | +1.90% |
| R² ⓘ | 84.34 | 78.71 |
| Upside capture | 107.88% | 100.78% |
| Downside capture | 84.04% | 91.06% |
| Tracking error | 6.42% | 7.61% |
| Information ratio | 0.76 | 0.21 |
| Treynor ratio | 9.11 | 5.73 |
Portfolio
Asset mix
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Equity | 95.73% | 97.89% |
| Cash & equivalents | 4.27% | 2.08% |
Market-cap split (share of fund assets)
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Large Cap | 53.75% | 60.97% |
| Mid Cap | 15.61% | 15.71% |
| Small Cap | 24.20% | 21.24% |
| Unclassified | 2.17% | 0.00% |
Concentration
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Top 10 holdings | 55.53% | 65.09% |
| Effective number of stocks ⓘ | 22 | 15 |
| Securities held | 34 | 30 |
Portfolio overlap: 54.1%
18 companies are held by both funds; by weight, 54.1% of the two portfolios is the same. That is a high overlap: holding both adds little diversification beyond holding one.
| Held by both | Invesco India Financial Services | Mirae Asset Banking and Financial Services |
|---|---|---|
| ICICI Bank Limited | 12.84% | 13.63% |
| Axis Bank Limited | 6.95% | 7.96% |
| HDFC Bank Limited | 5.98% | 14.44% |
| Kotak Mahindra Bank Limited | 4.38% | 4.49% |
| Multi Commodity Exchange of India Limited | 4.63% | 2.97% |
| Karur Vysya Bank Limited | 5.13% | 2.63% |
| SBI Life Insurance Company Limited | 2.52% | 3.45% |
| Shriram Finance Limited | 4.02% | 2.10% |
| L&T Finance Limited | 1.98% | 2.69% |
| IndusInd Bank Limited | 2.02% | 1.57% |
| KFin Technologies Limited | 1.48% | 2.93% |
| Central Depository Services (India) Limited | 1.47% | 1.72% |
| BSE Limited | 3.85% | 1.41% |
| Equitas Small Finance Bank Limited | 1.33% | 2.01% |
| The Federal Bank Limited | 2.10% | 1.30% |
Top 10 holdings
Invesco India Financial Services
- ICICI Bank Limited12.84%
- Axis Bank Limited6.95%
- HDFC Bank Limited5.98%
- Karur Vysya Bank Limited5.13%
- Multi Commodity Exchange of India Limited4.63%
- Kotak Mahindra Bank Limited4.38%
- ICICI Prudential Asset Management Company Limited4.21%
- Shriram Finance Limited4.02%
- BSE Limited3.85%
- Cholamandalam Investment and Finance Company Ltd3.54%
Mirae Asset Banking and Financial Services
- HDFC Bank Limited14.44%
- ICICI Bank Limited13.63%
- State Bank of India8.62%
- Axis Bank Limited7.96%
- Kotak Mahindra Bank Limited4.49%
- Bajaj Finance Limited3.87%
- SBI Life Insurance Company Limited3.45%
- Multi Commodity Exchange of India Limited2.97%
- KFin Technologies Limited2.93%
- HDB Financial Services Ltd.2.74%
Sector exposure
| Invesco India Financial Services | Mirae Asset Banking and Financial Services | |
|---|---|---|
| Banks | 45.30% | 58.40% |
| Capital Markets | 26.06% | 11.32% |
| Finance | 16.97% | 17.85% |
| Insurance | 5.45% | 7.72% |
| Financial Technology (Fintech) | 1.95% | 2.63% |
Questions people ask
What is the difference between Invesco India Financial Services and Mirae Asset Banking and Financial Services returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return +4.47% vs +1.20%; 3-year CAGR +16.68% vs +13.74%; 5-year CAGR +13.75% vs +11.71%; 10-year CAGR +15.87% vs —. Past returns do not indicate future returns.
How do Invesco India Financial Services and Mirae Asset Banking and Financial Services compare on risk?
Volatility (36 monthly returns, annualised) 15.97% vs 16.51%; Sharpe ratio 0.64 vs 0.44; Sortino ratio 0.96 vs 0.66; maximum drawdown −42.40% vs −21.04%; beta 0.94 vs 0.92.
How much do Invesco India Financial Services and Mirae Asset Banking and Financial Services overlap?
By weight, 54.1% of the two portfolios is invested in the same companies; 18 stocks are held by both, the largest shared positions being ICICI Bank Limited, Axis Bank Limited, HDFC Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Invesco India Financial Services and Mirae Asset Banking and Financial Services?
Invesco India Financial Services: large cap 53.8%, mid cap 15.6%, small cap 24.2%. Mirae Asset Banking and Financial Services: large cap 61.0%, mid cap 15.7%, small cap 21.2% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.