Fundalysisby DARKHORSESTOCKS

Fund manager · Mirae

Abhijith Vara

V i ce President - Investmen t (Equity) at Mirae. Runs 1 scheme worth ₹2,196 Cr.

  • Fund house

    MiraeThey run their schemes at Mirae.

  • AUM they run

    ₹2,196 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    1 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Sept 2025.

  • Experience

    19 yearsMr. Abhijith brings over 19 years of experience in the mutual fund industry, with a strong background in equity research and sectoral analysis. Prior to this assignment, Mr. Vara was associated with Axis Asset Management Co. Limited and Sundaram Asset Management Company Limited as a research analyst. Mr. Vara has extensive experience analyzing a wide range of sectors, with a consistent focus on cyclical industries. Over the past seven years, he has closely tracked the Banking & Financial Services sector.

Profile(Mirae's SAI, 31 Aug 2026)

About

Role
V i ce President - Investmen t (Equity)
Studied
Post Graduate Diploma in Manageme nt (IIM Kozhikode) , B. Tech in Electrical Engineering (IIT Madras)
Age
43 years
Experience
Mr. Abhijith brings over 19 years of experience in the mutual fund industry, with a strong background in equity research and sectoral analysis. Prior to this assignment, Mr. Vara was associated with Axis Asset Management Co. Limited and Sundaram Asset Management Company Limited as a research analyst. Mr. Vara has extensive experience analyzing a wide range of sectors, with a consistent focus on cyclical industries. Over the past seven years, he has closely tracked the Banking & Financial Services sector.

Schemes now1

  1. Mirae Asset Banking and Financial Services Fund₹2,196 Cr

AUM they run(Sept 2025 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20262,196−6.8%
Aug 20262,357+2.2%
Jul 20262,306+0.1%
Jun 20262,305+7.4%
May 20262,146−1.3%
Apr 20262,174+10.1%
Mar 20261,975−13.0%
Feb 20262,271+1.7%
Jan 20262,233+0.8%
Dec 20252,216−0.3%
Nov 20252,222+4.3%
Oct 20252,130+5.8%
AUM at month end, Sept 2026
₹2,196 Cr
+3.1% since Oct 2025
Fig. 1.The AUM of the schemes Abhijith Vara ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes(Sept 2025 – now)

Mirae

1 now · since Sept 2025
  1. Mirae Asset Banking and Financial Services Fund
    Fund managerSept 2025—1y 2m₹2,196 CrThematicTER 0.78%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(1 schemes)

Growth · Direct plans

Return as manager
+3.27%
Beat peers
1 of 1
vs peers
+1.29 pt
Longest run
1.1 years
Beat benchmark
Upcoming
Each scheme Abhijith Vara ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
Mirae Asset Banking and Financial Services Fund
Sep '25–now · 1.1y
+3.27%+1.98%+1.29 pt––
Fig. 1.Each scheme Abhijith Vara ran, against its peers and benchmark over the same months. Source: AMFI.