Compare Mutual Funds

Insights from Fund Comparison

• Both Franklin Asian Equity Fund - Direct (G) and Mirae Asset Banking&Financial Services Fund (G) are Sectoral / Thematic, Equity schemes. Franklin Asian Equity Fund - Direct (G) is 13 yrs 3 m old and manages ₹426.9 Crs, whereas Mirae Asset Banking&Financial Services Fund (G) is 5 yrs 4 m old with ₹2,272.13 Crs.
• Franklin Asian Equity Fund - Direct (G) is older, but Mirae Asset Banking&Financial Services Fund (G) is larger — suggesting that while Franklin Asian Equity Fund - Direct (G) has more experience, Mirae Asset Banking&Financial Services Fund (G) may be attracting recent investor interest.
• Franklin Asian Equity Fund - Direct (G) has its top 3 sectors in IT - Hardware (24.43%), Banks (10.71%), and IT - Software (6.97%), while Mirae Asset Banking&Financial Services Fund (G) focuses on Banks (63.56%), Finance (16.78%), and Insurance (7.92%).
• The funds share exposure to Banks, but differ in the rest, which means they will partially move together but may diverge depending on how the unique sectors perform.
• Franklin Asian Equity Fund - Direct (G) holds Taiwan Semiconductor Manufacturing Co. Ltd (9.50%), Samsung Electronics Co. Ltd (5.85%), Call, Cash & Other Assets (5.80%), HDFC Bank Ltd (4.77%), and SK Hynix Inc (4.03%), whereas Mirae Asset Banking&Financial Services Fund (G) holds HDFC Bank Ltd. (16.50%), ICICI Bank Ltd. (13.75%), State Bank of India (10.43%), Axis Bank Ltd. (8.38%), and TREPS (5.17%).
• The funds share exposure to HDFC Bank Ltd, which makes their performance partly correlated. However, the unique holdings like Taiwan Semiconductor Manufacturing Co. Ltd in Franklin Asian Equity Fund - Direct (G) and ICICI Bank Ltd. in Mirae Asset Banking&Financial Services Fund (G) can create divergence depending on how these stocks perform.
• In terms of risk profile, Franklin Asian Equity Fund - Direct (G) has 39.47% equity and 0.00% debt, while Mirae Asset Banking&Financial Services Fund (G) has 95.06% equity and 0.00% debt.
• Mirae Asset Banking&Financial Services Fund (G) is more aggressive with higher equity allocation, which could lead to higher returns but more volatility.
• Franklin Asian Equity Fund - Direct (G) outperformed Mirae Asset Banking&Financial Services Fund (G) in 6 Months, 5 Years (returns: 6.17%, 2.94% ) but underperformed in 3 Months, 1 Year, 3 Years (returns: -1.70%, 26.97%, 12.55%). This mixed performance indicates strength in certain market cycles while highlighting periods of relative weakness, suggesting selective timing or careful monitoring may be needed.