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Top 7 Best Performing Banking & Financial Services Funds 2023

Updated on July 14, 2024 , 88430 views

Banking and financial services sector funds are a type of equity sector funds that primarily invest in companies that cater to the banking and financial services. Over the last one year, banking sector funds have performed very strongly in the Market. In last 6 months, some of the top banking sector Mutual Funds have given an Average Return of 27 percent - 31 percent. Such high returns are always tempting and many investors flock towards Investing in such funds.

Banking & Financial Services Mutual Funds

Ideally, an investor who has an experience of equities and also a good knowledge in the banking sector should only invest in these funds. To make your investing process easy, we have listed down India’s top performing baking sector funds.

Indian Banking Sector — Overview

The Indian banking system consists of 27 public sector banks, 26 private sector banks, 56 regional rural banks, 46 foreign banks, 93,913 rural cooperative banks and 1,574 urban cooperative banks, in addition to cooperative credit institutions. Some of the major players in this sector are— HDFC Bank, State Bank of India, ICICI Bank Limited, Yes Bank, etc. Public sector banks control more than 70 per cent of the banking system assets, thereby leaving a comparatively smaller share for its private peers.

Though, there are many promising and leading companies in this sector, investors should not forget that sector Equity Funds are the riskiest amongst all the equity funds. Thus, experienced investors with a high-risk appetite and who wants to invest for a long-term, should ideally should consider investing in funds below.

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Top 7 Banking & Finance Mutual Funds to Invest in India

FundNAVNet Assets (Cr)3 MO (%)6 MO (%)1 YR (%)3 YR (%)5 YR (%)2023 (%)
UTI Banking and Financial Services Fund Growth ₹171.674
↓ -0.34
₹1,05610.89.724.814.811.319.5
TATA Banking and Financial Services Fund Growth ₹38.4251
↓ -0.06
₹2,04810.77.522.415.214.322
SBI Banking & Financial Services Fund Growth ₹37.5028
↓ -0.08
₹5,38712.315.43215.414.918.6
ICICI Prudential Banking and Financial Services Fund Growth ₹120.75
↑ 0.10
₹7,42411.513.222.512.812.317.9
LIC MF Banking & Financial Services Fund Growth ₹20.3215
↓ -0.03
₹28510.36.218.314.612.120.5
Baroda Pioneer Banking And Financial Services Fund Growth ₹42.5329
↓ 0.00
₹1379.68.326.214.411.920.5
Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹56.75
↑ 0.14
₹3,17811.510.124.115.113.821.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Jul 24
above list of top Banking & Financial Services mutual funds having AUM/Net Assets higher than 100 Crore.

1. UTI Banking and Financial Services Fund

(Erstwhile UTI Banking Sector Fund)

Investment objective is "capital appreciation" through investments in the stocks of the companies/institutions engaged in the banking and financial services activities.

UTI Banking and Financial Services Fund is a Equity - Sectoral fund was launched on 7 Apr 04. It is a fund with High risk and has given a CAGR/Annualized return of 15.1% since its launch.  Ranked 20 in Sectoral category.  Return for 2023 was 19.5% , 2022 was 15.1% and 2021 was 14.3% .

Below is the key information for UTI Banking and Financial Services Fund

UTI Banking and Financial Services Fund
Growth
Launch Date 7 Apr 04
NAV (16 Jul 24) ₹171.674 ↓ -0.34   (-0.20 %)
Net Assets (Cr) ₹1,056 on 31 May 24
Category Equity - Sectoral
AMC UTI Asset Management Company Ltd
Rating
Risk High
Expense Ratio 2.55
Sharpe Ratio 1.04
Information Ratio 0.37
Alpha Ratio 7.85
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹6,666
30 Jun 21₹10,782
30 Jun 22₹9,974
30 Jun 23₹13,425
30 Jun 24₹16,691

UTI Banking and Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for UTI Banking and Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.6%
3 Month 10.8%
6 Month 9.7%
1 Year 24.8%
3 Year 14.8%
5 Year 11.3%
10 Year
15 Year
Since launch 15.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 19.5%
2022 15.1%
2021 14.3%
2020 -5.3%
2019 11.6%
2018 -6.8%
2017 43.5%
2016 13%
2015 -11.3%
2014 64%
Fund Manager information for UTI Banking and Financial Services Fund
NameSinceTenure
Preethi S2 May 222.08 Yr.

Data below for UTI Banking and Financial Services Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services97.6%
Technology0.78%
Asset Allocation
Asset ClassValue
Cash1.22%
Equity98.38%
Debt0.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK
16%₹168 Cr1,495,000
↓ -150,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
15%₹158 Cr1,033,655
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 532215
8%₹83 Cr710,000
↑ 250,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 500034
6%₹63 Cr94,271
↑ 5,263
Shriram Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | SHRIRAMFIN
4%₹41 Cr174,136
State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN
4%₹40 Cr480,000
Indian Bank (Financial Services)
Equity, Since 31 May 23 | 532814
4%₹38 Cr670,843
Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 590003
3%₹34 Cr1,709,825
REC Ltd (Financial Services)
Equity, Since 30 Nov 23 | 532955
3%₹33 Cr610,000
↑ 40,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK
3%₹31 Cr213,468
↓ -50,000

2. TATA Banking and Financial Services Fund

The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India.

TATA Banking and Financial Services Fund is a Equity - Sectoral fund was launched on 28 Dec 15. It is a fund with High risk and has given a CAGR/Annualized return of 17.1% since its launch.  Return for 2023 was 22% , 2022 was 16.9% and 2021 was 11.9% .

Below is the key information for TATA Banking and Financial Services Fund

TATA Banking and Financial Services Fund
Growth
Launch Date 28 Dec 15
NAV (16 Jul 24) ₹38.4251 ↓ -0.06   (-0.15 %)
Net Assets (Cr) ₹2,048 on 31 May 24
Category Equity - Sectoral
AMC Tata Asset Management Limited
Rating Not Rated
Risk High
Expense Ratio 1.98
Sharpe Ratio 0.91
Information Ratio 0.39
Alpha Ratio 6.54
Min Investment 5,000
Min SIP Investment 150
Exit Load 0-3 Months (0.25%),3 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹8,097
30 Jun 21₹12,212
30 Jun 22₹11,071
30 Jun 23₹15,530
30 Jun 24₹19,087

TATA Banking and Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for TATA Banking and Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.2%
3 Month 10.7%
6 Month 7.5%
1 Year 22.4%
3 Year 15.2%
5 Year 14.3%
10 Year
15 Year
Since launch 17.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 22%
2022 16.9%
2021 11.9%
2020 2.7%
2019 25.7%
2018 -0.1%
2017 45%
2016 17.8%
2015
2014
Fund Manager information for TATA Banking and Financial Services Fund
NameSinceTenure
Amey Sathe14 Oct 212.63 Yr.

Data below for TATA Banking and Financial Services Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services96.78%
Asset Allocation
Asset ClassValue
Cash3.22%
Equity96.78%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | HDFCBANK
21%₹435 Cr2,840,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
9%₹187 Cr1,665,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
7%₹149 Cr1,280,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
6%₹118 Cr700,000
↑ 50,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
4%₹87 Cr1,050,000
Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | 590003
3%₹59 Cr3,017,310
PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | PNBHOUSING
3%₹59 Cr815,709
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | INDUSINDBK
2%₹51 Cr350,000
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIGI
2%₹47 Cr300,000
PB Fintech Ltd (Financial Services)
Equity, Since 30 Sep 23 | 543390
2%₹45 Cr350,000
↓ -49,618

3. SBI Banking & Financial Services Fund

The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.

SBI Banking & Financial Services Fund is a Equity - Sectoral fund was launched on 26 Feb 15. It is a fund with High risk and has given a CAGR/Annualized return of 15.1% since its launch.  Return for 2023 was 18.6% , 2022 was 13.5% and 2021 was 12.1% .

Below is the key information for SBI Banking & Financial Services Fund

SBI Banking & Financial Services Fund
Growth
Launch Date 26 Feb 15
NAV (16 Jul 24) ₹37.5028 ↓ -0.08   (-0.22 %)
Net Assets (Cr) ₹5,387 on 31 May 24
Category Equity - Sectoral
AMC SBI Funds Management Private Limited
Rating Not Rated
Risk High
Expense Ratio 1.96
Sharpe Ratio 1.72
Information Ratio 0.44
Alpha Ratio 14.68
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,887
30 Jun 21₹12,585
30 Jun 22₹11,642
30 Jun 23₹14,828
30 Jun 24₹19,624

SBI Banking & Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹436,710.
Net Profit of ₹136,710
Invest Now

Returns for SBI Banking & Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.5%
3 Month 12.3%
6 Month 15.4%
1 Year 32%
3 Year 15.4%
5 Year 14.9%
10 Year
15 Year
Since launch 15.1%
Historical performance (Yearly) on absolute basis
YearReturns
2023 18.6%
2022 13.5%
2021 12.1%
2020 4.8%
2019 20.7%
2018 9.5%
2017 40.7%
2016 17%
2015
2014
Fund Manager information for SBI Banking & Financial Services Fund
NameSinceTenure
Mohit Jain30 Nov 176.51 Yr.
Milind Agrawal1 Aug 194.84 Yr.

Data below for SBI Banking & Financial Services Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services93.13%
Asset Allocation
Asset ClassValue
Cash6.87%
Equity93.13%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK
19%₹1,024 Cr9,135,814
↓ -800,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK
17%₹902 Cr5,889,715
↓ -1,000,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK
10%₹521 Cr3,100,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 18 | SBIN
9%₹485 Cr5,835,000
Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 23 | NAM-INDIA
4%₹202 Cr3,369,568
Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 29 Feb 24 | CHOLAFIN
4%₹199 Cr1,607,041
↑ 625,000
Muthoot Finance Ltd (Financial Services)
Equity, Since 31 Dec 22 | 533398
4%₹195 Cr1,156,547
Bank of India (Financial Services)
Equity, Since 31 Dec 23 | BANKINDIA
3%₹187 Cr14,545,197
↑ 4,000,000
Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | 590003
3%₹180 Cr9,133,974
Power Finance Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | 532810
3%₹167 Cr3,400,000
↑ 1,000,000

4. ICICI Prudential Banking and Financial Services Fund

ICICI Prudential Banking and Financial Services Fund is an Open-ended equity scheme that seeks to generate long-term capital appreciation to unitholders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.

ICICI Prudential Banking and Financial Services Fund is a Equity - Sectoral fund was launched on 22 Aug 08. It is a fund with High risk and has given a CAGR/Annualized return of 17% since its launch.  Return for 2023 was 17.9% , 2022 was 11.9% and 2021 was 23.5% .

Below is the key information for ICICI Prudential Banking and Financial Services Fund

ICICI Prudential Banking and Financial Services Fund
Growth
Launch Date 22 Aug 08
NAV (16 Jul 24) ₹120.75 ↑ 0.10   (0.08 %)
Net Assets (Cr) ₹7,424 on 30 Apr 24
Category Equity - Sectoral
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk High
Expense Ratio 1.98
Sharpe Ratio 1.49
Information Ratio 0.45
Alpha Ratio 8.48
Min Investment 5,000
Min SIP Investment 100
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹6,846
30 Jun 21₹11,699
30 Jun 22₹10,908
30 Jun 23₹14,291
30 Jun 24₹17,351

ICICI Prudential Banking and Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for ICICI Prudential Banking and Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 5.7%
3 Month 11.5%
6 Month 13.2%
1 Year 22.5%
3 Year 12.8%
5 Year 12.3%
10 Year
15 Year
Since launch 17%
Historical performance (Yearly) on absolute basis
YearReturns
2023 17.9%
2022 11.9%
2021 23.5%
2020 -5.5%
2019 14.5%
2018 -0.4%
2017 45.1%
2016 21.1%
2015 -7.2%
2014 69%
Fund Manager information for ICICI Prudential Banking and Financial Services Fund
NameSinceTenure
Roshan Chutkey29 Jan 186.34 Yr.
Sharmila D’mello30 Jun 221.92 Yr.

Data below for ICICI Prudential Banking and Financial Services Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services96.49%
Industrials0.75%
Technology0.16%
Asset Allocation
Asset ClassValue
Cash2.62%
Equity97.38%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
23%₹1,627 Cr10,622,710
↓ -244,851
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK
20%₹1,447 Cr12,906,483
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | KOTAKBANK
7%₹511 Cr3,042,591
↑ 201,757
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 532215
6%₹428 Cr3,681,651
↓ -342,425
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE
5%₹367 Cr2,645,807
HDFC Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 23 | HDFCLIFE
4%₹300 Cr5,464,123
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
3%₹228 Cr2,743,541
↓ -743,691
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 23 | 500034
3%₹215 Cr320,308
↓ -90,869
Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Apr 22 | 533398
3%₹209 Cr1,240,434
↓ -81,972
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 21 | SBICARD
3%₹208 Cr3,001,575

5. LIC MF Banking & Financial Services Fund

The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be realised.

LIC MF Banking & Financial Services Fund is a Equity - Sectoral fund was launched on 27 Mar 15. It is a fund with High risk and has given a CAGR/Annualized return of 7.9% since its launch.  Return for 2023 was 20.5% , 2022 was 19.6% and 2021 was 9.8% .

Below is the key information for LIC MF Banking & Financial Services Fund

LIC MF Banking & Financial Services Fund
Growth
Launch Date 27 Mar 15
NAV (16 Jul 24) ₹20.3215 ↓ -0.03   (-0.15 %)
Net Assets (Cr) ₹285 on 31 May 24
Category Equity - Sectoral
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 2.29
Sharpe Ratio 0.63
Information Ratio 0.31
Alpha Ratio 2.95
Min Investment 5,000
Min SIP Investment 1,000
Exit Load 0-1 Years (1%),1 Years and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,437
30 Jun 21₹11,153
30 Jun 22₹10,520
30 Jun 23₹14,600
30 Jun 24₹17,337

LIC MF Banking & Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹415,684.
Net Profit of ₹115,684
Invest Now

Returns for LIC MF Banking & Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.1%
3 Month 10.3%
6 Month 6.2%
1 Year 18.3%
3 Year 14.6%
5 Year 12.1%
10 Year
15 Year
Since launch 7.9%
Historical performance (Yearly) on absolute basis
YearReturns
2023 20.5%
2022 19.6%
2021 9.8%
2020 -2.1%
2019 19.9%
2018 -18%
2017 32.7%
2016 10.5%
2015
2014
Fund Manager information for LIC MF Banking & Financial Services Fund
NameSinceTenure
Jaiprakash Toshniwal6 Sep 212.73 Yr.

Data below for LIC MF Banking & Financial Services Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services98.2%
Asset Allocation
Asset ClassValue
Cash1.8%
Equity98.2%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
21%₹61 Cr398,905
↓ -10,955
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
12%₹35 Cr307,998
↓ -15,225
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
7%₹21 Cr176,868
↓ -2,607
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
6%₹17 Cr201,860
↓ -3,593
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNK
4%₹12 Cr731,824
↓ -100,103
Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 532810
3%₹10 Cr200,878
↓ -35,396
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC
3%₹10 Cr74,502
↑ 1,051
DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | DCBBANK
3%₹10 Cr743,151
↓ -36,949
IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | INDUSINDBK
3%₹9 Cr62,294
↑ 7,784
Piramal Enterprises Ltd (Financial Services)
Equity, Since 31 Oct 21 | 500302
3%₹9 Cr107,161

6. Baroda Pioneer Banking And Financial Services Fund

The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector.

Baroda Pioneer Banking And Financial Services Fund is a Equity - Sectoral fund was launched on 22 Jun 12. It is a fund with High risk and has given a CAGR/Annualized return of 12.7% since its launch.  Ranked 32 in Sectoral category.  Return for 2023 was 20.5% , 2022 was 15.7% and 2021 was 8% .

Below is the key information for Baroda Pioneer Banking And Financial Services Fund

Baroda Pioneer Banking And Financial Services Fund
Growth
Launch Date 22 Jun 12
NAV (16 Jul 24) ₹42.5329 ↓ 0.00   (-0.01 %)
Net Assets (Cr) ₹137 on 31 May 24
Category Equity - Sectoral
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk High
Expense Ratio 2.63
Sharpe Ratio 1.19
Information Ratio 0.38
Alpha Ratio 9.81
Min Investment 5,000
Min SIP Investment 500
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,370
30 Jun 21₹11,218
30 Jun 22₹10,494
30 Jun 23₹13,565
30 Jun 24₹17,179

Baroda Pioneer Banking And Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹405,518.
Net Profit of ₹105,518
Invest Now

Returns for Baroda Pioneer Banking And Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 3.7%
3 Month 9.6%
6 Month 8.3%
1 Year 26.2%
3 Year 14.4%
5 Year 11.9%
10 Year
15 Year
Since launch 12.7%
Historical performance (Yearly) on absolute basis
YearReturns
2023 20.5%
2022 15.7%
2021 8%
2020 -1%
2019 23.1%
2018 1.2%
2017 32.9%
2016 8.7%
2015 -11.8%
2014 59%
Fund Manager information for Baroda Pioneer Banking And Financial Services Fund
NameSinceTenure
Sandeep Jain14 Mar 222.22 Yr.
Miten Vora1 Dec 221.5 Yr.

Data below for Baroda Pioneer Banking And Financial Services Fund as on 31 May 24

Equity Sector Allocation
SectorValue
Financial Services95.81%
Asset Allocation
Asset ClassValue
Cash0.59%
Equity98.91%
Debt0.5%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
19%₹26 Cr233,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 14 | HDFCBANK
17%₹23 Cr147,950
↑ 17,500
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | 532215
9%₹13 Cr111,500
State Bank of India (Financial Services)
Equity, Since 30 Jun 12 | SBIN
8%₹11 Cr134,500
↓ -15,000
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Aug 20 | INDUSINDBK
3%₹5 Cr31,500
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 May 23 | 532810
3%₹4 Cr75,000
↑ 25,000
Jammu & Kashmir Bank Ltd (Financial Services)
Equity, Since 31 Oct 23 | 532209
2%₹3 Cr250,000
↑ 50,000
Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 532814
2%₹3 Cr55,000
PB Fintech Ltd (Financial Services)
Equity, Since 29 Feb 24 | 543390
2%₹3 Cr23,000
REC Ltd (Financial Services)
Equity, Since 29 Feb 24 | 532955
2%₹3 Cr55,000

7. Aditya Birla Sun Life Banking And Financial Services Fund

The primary investment objective of the Scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The Scheme does not guarantee/indicate any returns. There can be no assurance that the schemes’ objectives will be achieved.

Aditya Birla Sun Life Banking And Financial Services Fund is a Equity - Sectoral fund was launched on 14 Dec 13. It is a fund with High risk and has given a CAGR/Annualized return of 17.8% since its launch.  Ranked 3 in Sectoral category.  Return for 2023 was 21.7% , 2022 was 11.5% and 2021 was 16.8% .

Below is the key information for Aditya Birla Sun Life Banking And Financial Services Fund

Aditya Birla Sun Life Banking And Financial Services Fund
Growth
Launch Date 14 Dec 13
NAV (16 Jul 24) ₹56.75 ↑ 0.14   (0.25 %)
Net Assets (Cr) ₹3,178 on 30 Apr 24
Category Equity - Sectoral
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk High
Expense Ratio 2.13
Sharpe Ratio 1.8
Information Ratio 0.69
Alpha Ratio 14.46
Min Investment 1,000
Min SIP Investment 1,000
Exit Load 0-365 Days (1%),365 Days and above(NIL)

Growth of 10,000 investment over the years.

DateValue
30 Jun 19₹10,000
30 Jun 20₹7,112
30 Jun 21₹11,944
30 Jun 22₹10,941
30 Jun 23₹14,952
30 Jun 24₹18,664

Aditya Birla Sun Life Banking And Financial Services Fund SIP Returns

   
My Monthly Investment:
Investment Tenure:
Years
Expected Annual Returns:
%
Total investment amount is ₹300,000
expected amount after 5 Years is ₹426,080.
Net Profit of ₹126,080
Invest Now

Returns for Aditya Birla Sun Life Banking And Financial Services Fund

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Jul 24

DurationReturns
1 Month 4.8%
3 Month 11.5%
6 Month 10.1%
1 Year 24.1%
3 Year 15.1%
5 Year 13.8%
10 Year
15 Year
Since launch 17.8%
Historical performance (Yearly) on absolute basis
YearReturns
2023 21.7%
2022 11.5%
2021 16.8%
2020 1.1%
2019 14.9%
2018 -2.4%
2017 47.6%
2016 15.7%
2015 -0.5%
2014 65.8%
Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
NameSinceTenure
Dhaval Gala26 Aug 158.77 Yr.
Dhaval Joshi21 Nov 221.53 Yr.

Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 30 Apr 24

Equity Sector Allocation
SectorValue
Financial Services95.31%
Technology2.99%
Asset Allocation
Asset ClassValue
Cash1.7%
Equity98.3%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
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17%₹526 Cr3,436,948
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
8%₹236 Cr2,027,100
State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN
6%₹195 Cr2,351,492
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
5%₹157 Cr233,725
↓ -20,000
Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 31 May 21 | POONAWALLA
4%₹109 Cr2,422,221
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN
4%₹108 Cr458,066
Repco Home Finance Ltd (Financial Services)
Equity, Since 31 Dec 13 | 535322
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AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | 540611
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Computer Age Management Services Ltd Ordinary Shares (Technology)
Equity, Since 31 Dec 23 | CAMS
3%₹88 Cr253,759
↓ -17,140

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data. Please verify with scheme information document before making any investment.
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