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Top 7 Best Performing Banking & Financial Services Funds 2023

Updated on April 11, 2024 , 88124 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 ₹158.014
↓ -1.27
₹1,0291.713.128189.219.5
TATA Banking and Financial Services Fund Growth ₹35.3038
↓ -0.25
₹1,944-0.77.928.317.413.722
SBI Banking & Financial Services Fund Growth ₹33.9832
↓ -0.25
₹4,9725.11834.517.513.818.6
ICICI Prudential Banking and Financial Services Fund Growth ₹110.19
↓ -0.80
₹7,3563.51025.11810.817.9
LIC MF Banking & Financial Services Fund Growth ₹18.738
↓ -0.16
₹295-1.5623.817.311.220.5
Baroda Pioneer Banking And Financial Services Fund Growth ₹39.6701
↓ -0.35
₹1211.815.730.116.111.620.5
Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹52.03
↓ -0.22
₹3,0231.38.13219.412.421.7
Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 12 Apr 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 14.8% 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 (12 Apr 24) ₹158.014 ↓ -1.27   (-0.80 %)
Net Assets (Cr) ₹1,029 on 29 Feb 24
Category Equity - Sectoral
AMC UTI Asset Management Company Ltd
Rating
Risk High
Expense Ratio 2.55
Sharpe Ratio 1.53
Information Ratio 0.66
Alpha Ratio 11.76
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
31 Mar 19₹10,000
31 Mar 20₹5,801
31 Mar 21₹10,101
31 Mar 22₹10,981
31 Mar 23₹11,832
31 Mar 24₹14,987

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 ₹385,859.
Net Profit of ₹85,859
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 12 Apr 24

DurationReturns
1 Month 3.6%
3 Month 1.7%
6 Month 13.1%
1 Year 28%
3 Year 18%
5 Year 9.2%
10 Year
15 Year
Since launch 14.8%
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 221.92 Yr.

Data below for UTI Banking and Financial Services Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services98.34%
Technology0.79%
Asset Allocation
Asset ClassValue
Cash0.46%
Equity99.13%
Debt0.41%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK
17%₹173 Cr1,645,000
↓ -150,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK
14%₹145 Cr1,033,655
↑ 55,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 532215
6%₹60 Cr560,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 500034
5%₹53 Cr82,345
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 20 | SBILIFE
5%₹52 Cr333,225
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK
4%₹43 Cr253,374
Shriram Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | SHRIRAMFIN
4%₹42 Cr174,136
↑ 95,500
Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 590003
4%₹40 Cr2,177,583
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK
4%₹39 Cr263,468
Indian Bank (Financial Services)
Equity, Since 31 May 23 | 532814
3%₹35 Cr670,843
↑ 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 16.4% 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 (12 Apr 24) ₹35.3038 ↓ -0.25   (-0.71 %)
Net Assets (Cr) ₹1,944 on 29 Feb 24
Category Equity - Sectoral
AMC Tata Asset Management Limited
Rating Not Rated
Risk High
Expense Ratio 1.98
Sharpe Ratio 1.43
Information Ratio 0.64
Alpha Ratio 10.38
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
31 Mar 19₹10,000
31 Mar 20₹7,675
31 Mar 21₹12,399
31 Mar 22₹13,074
31 Mar 23₹14,479
31 Mar 24₹18,109

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 ₹426,080.
Net Profit of ₹126,080
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 12 Apr 24

DurationReturns
1 Month 3.9%
3 Month -0.7%
6 Month 7.9%
1 Year 28.3%
3 Year 17.4%
5 Year 13.7%
10 Year
15 Year
Since launch 16.4%
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 212.47 Yr.

Data below for TATA Banking and Financial Services Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services97.67%
Asset Allocation
Asset ClassValue
Cash2.33%
Equity97.67%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | HDFCBANK
21%₹399 Cr2,840,000
↑ 40,000
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK
9%₹168 Cr1,600,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 532215
7%₹138 Cr1,280,000
State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN
5%₹105 Cr1,400,000
↓ -100,000
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK
5%₹103 Cr610,000
↑ 28,511
PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | PNBHOUSING
3%₹57 Cr815,709
Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | 590003
3%₹55 Cr3,017,310
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | INDUSINDBK
3%₹52 Cr350,000
↑ 30,000
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIGI
3%₹51 Cr300,000
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 20 | SBICARD
2%₹47 Cr649,600
↑ 49,600

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 14.3% 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 (12 Apr 24) ₹33.9832 ↓ -0.25   (-0.72 %)
Net Assets (Cr) ₹4,972 on 29 Feb 24
Category Equity - Sectoral
AMC SBI Funds Management Private Limited
Rating Not Rated
Risk High
Expense Ratio 1.96
Sharpe Ratio 1.84
Information Ratio 0.41
Alpha Ratio 15.36
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
31 Mar 19₹10,000
31 Mar 20₹7,243
31 Mar 21₹12,445
31 Mar 22₹13,152
31 Mar 23₹13,724
31 Mar 24₹18,296

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 ₹426,080.
Net Profit of ₹126,080
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 12 Apr 24

DurationReturns
1 Month 3.4%
3 Month 5.1%
6 Month 18%
1 Year 34.5%
3 Year 17.5%
5 Year 13.8%
10 Year
15 Year
Since launch 14.3%
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 176.34 Yr.
Milind Agrawal1 Aug 194.67 Yr.

Data below for SBI Banking & Financial Services Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services95.82%
Asset Allocation
Asset ClassValue
Cash4.18%
Equity95.82%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK
18%₹893 Cr8,485,814
↓ -600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK
10%₹493 Cr3,513,920
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK
10%₹473 Cr2,800,000
↑ 250,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 18 | SBIN
8%₹422 Cr5,635,000
↑ 3,000,000
REC Ltd (Financial Services)
Equity, Since 31 Aug 23 | 532955
5%₹230 Cr5,200,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 24 | SBILIFE
4%₹186 Cr1,200,000
Canara Bank (Financial Services)
Equity, Since 31 Dec 22 | 532483
4%₹177 Cr3,129,552
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN
4%₹176 Cr720,000
Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 23 | NAM-INDIA
3%₹174 Cr3,369,568
↓ -838
Bank of India (Financial Services)
Equity, Since 31 Dec 23 | BANKINDIA
3%₹165 Cr12,545,197
↑ 2,000,000

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 16.6% 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 (12 Apr 24) ₹110.19 ↓ -0.80   (-0.72 %)
Net Assets (Cr) ₹7,356 on 29 Feb 24
Category Equity - Sectoral
AMC ICICI Prudential Asset Management Company Limited
Rating
Risk High
Expense Ratio 1.98
Sharpe Ratio 1.39
Information Ratio 0.49
Alpha Ratio 8.44
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
31 Mar 19₹10,000
31 Mar 20₹6,198
31 Mar 21₹10,971
31 Mar 22₹12,335
31 Mar 23₹13,143
31 Mar 24₹16,391

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 ₹395,578.
Net Profit of ₹95,578
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 12 Apr 24

DurationReturns
1 Month 3.1%
3 Month 3.5%
6 Month 10%
1 Year 25.1%
3 Year 18%
5 Year 10.8%
10 Year
15 Year
Since launch 16.6%
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 186.18 Yr.
Sharmila D’mello30 Jun 221.76 Yr.

Data below for ICICI Prudential Banking and Financial Services Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services91.39%
Industrials0.78%
Technology0.35%
Asset Allocation
Asset ClassValue
Cash7.48%
Equity92.52%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK
19%₹1,418 Cr10,103,543
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK
19%₹1,387 Cr13,180,849
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | KOTAKBANK
6%₹472 Cr2,793,219
Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 532215
6%₹449 Cr4,175,641
ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIGI
6%₹412 Cr2,404,058
↓ -156,775
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE
5%₹389 Cr2,506,554
↓ -128,231
State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN
4%₹277 Cr3,697,116
↓ -5,833,360
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 23 | 500034
3%₹237 Cr364,446
SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 21 | SBICARD
3%₹225 Cr3,121,785
Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Apr 22 | 533398
3%₹199 Cr1,527,821
↓ -11,160

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 7.2% 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 (12 Apr 24) ₹18.738 ↓ -0.16   (-0.85 %)
Net Assets (Cr) ₹295 on 29 Feb 24
Category Equity - Sectoral
AMC LIC Mutual Fund Asset Mgmt Co Ltd
Rating Not Rated
Risk High
Expense Ratio 2.29
Sharpe Ratio 1.16
Information Ratio 0.66
Alpha Ratio 7.36
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
31 Mar 19₹10,000
31 Mar 20₹7,009
31 Mar 21₹11,104
31 Mar 22₹11,948
31 Mar 23₹13,461
31 Mar 24₹16,207

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 ₹405,518.
Net Profit of ₹105,518
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 12 Apr 24

DurationReturns
1 Month 3.5%
3 Month -1.5%
6 Month 6%
1 Year 23.8%
3 Year 17.3%
5 Year 11.2%
10 Year
15 Year
Since launch 7.2%
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 212.57 Yr.

Data below for LIC MF Banking & Financial Services Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services95.61%
Asset Allocation
Asset ClassValue
Cash4.39%
Equity95.61%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK
21%₹61 Cr431,629
ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK
14%₹41 Cr394,288
↓ -83,300
State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN
8%₹22 Cr296,539
↓ -166,173
Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 532215
7%₹22 Cr204,142
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNK
4%₹13 Cr831,927
CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC
4%₹11 Cr72,320
DCB Bank Ltd (Financial Services)
Equity, Since 30 Nov 22 | 532772
3%₹10 Cr780,100
Piramal Enterprises Ltd (Financial Services)
Equity, Since 31 Oct 21 | 500302
3%₹10 Cr107,161
IIFL Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | 532636
3%₹9 Cr148,991
↑ 101,193
L&T Finance Holdings Ltd (Financial Services)
Equity, Since 31 Mar 23 | L&TFH
3%₹9 Cr517,534
↓ -118,953

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 12.4% 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 (12 Apr 24) ₹39.6701 ↓ -0.35   (-0.89 %)
Net Assets (Cr) ₹121 on 29 Feb 24
Category Equity - Sectoral
AMC Baroda Pioneer Asset Management Co. Ltd.
Rating
Risk High
Expense Ratio 2.63
Sharpe Ratio 1.43
Information Ratio 0.21
Alpha Ratio 11.22
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
31 Mar 19₹10,000
31 Mar 20₹7,222
31 Mar 21₹11,760
31 Mar 22₹12,049
31 Mar 23₹12,793
31 Mar 24₹16,490

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 12 Apr 24

DurationReturns
1 Month 3.9%
3 Month 1.8%
6 Month 15.7%
1 Year 30.1%
3 Year 16.1%
5 Year 11.6%
10 Year
15 Year
Since launch 12.4%
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 222.05 Yr.
Miten Vora1 Dec 221.33 Yr.

Data below for Baroda Pioneer Banking And Financial Services Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services96.39%
Asset Allocation
Asset ClassValue
Cash3.61%
Equity96.39%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK
17%₹21 Cr197,000
↑ 15,000
HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 14 | HDFCBANK
15%₹18 Cr130,450
↓ -25,000
State Bank of India (Financial Services)
Equity, Since 30 Jun 12 | SBIN
8%₹10 Cr137,000
↑ 41,000
Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | 532215
7%₹9 Cr79,500
↑ 12,000
Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | 500034
4%₹5 Cr7,900
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | KOTAKBANK
4%₹5 Cr29,400
IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Aug 20 | INDUSINDBK
4%₹5 Cr31,500
↑ 2,500
Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | 532814
2%₹3 Cr55,000
BSE Ltd (Financial Services)
Equity, Since 31 Aug 23 | BSE
2%₹2 Cr10,500
↑ 2,000
Power Finance Corp Ltd (Financial Services)
Equity, Since 31 May 23 | 532810
2%₹2 Cr60,000

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 17.3% 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 (12 Apr 24) ₹52.03 ↓ -0.22   (-0.42 %)
Net Assets (Cr) ₹3,023 on 29 Feb 24
Category Equity - Sectoral
AMC Birla Sun Life Asset Management Co Ltd
Rating
Risk High
Expense Ratio 2.13
Sharpe Ratio 1.71
Information Ratio 0.78
Alpha Ratio 13.92
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
31 Mar 19₹10,000
31 Mar 20₹6,301
31 Mar 21₹11,191
31 Mar 22₹12,514
31 Mar 23₹13,051
31 Mar 24₹17,014

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 ₹415,684.
Net Profit of ₹115,684
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 12 Apr 24

DurationReturns
1 Month 3.8%
3 Month 1.3%
6 Month 8.1%
1 Year 32%
3 Year 19.4%
5 Year 12.4%
10 Year
15 Year
Since launch 17.3%
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 158.61 Yr.
Dhaval Joshi21 Nov 221.36 Yr.

Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 29 Feb 24

Equity Sector Allocation
SectorValue
Financial Services93.7%
Technology2.88%
Asset Allocation
Asset ClassValue
Cash2.23%
Equity97.77%
Other0%
Top Securities Holdings / Portfolio
NameHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK
17%₹525 Cr4,993,129
HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK
15%₹440 Cr3,136,948
Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 532215
6%₹183 Cr1,699,645
State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN
6%₹176 Cr2,351,492
Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 500034
5%₹165 Cr253,725
Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 31 May 21 | POONAWALLA
4%₹113 Cr2,422,221
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN
4%₹112 Cr458,066
↑ 43,236
Repco Home Finance Ltd (Financial Services)
Equity, Since 31 Dec 13 | 535322
3%₹92 Cr2,095,955
Computer Age Management Services Ltd Ordinary Shares (Technology)
Equity, Since 31 Dec 23 | CAMS
3%₹83 Cr270,899
The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jan 21 | FEDERALBNK
3%₹83 Cr5,510,858
↑ 1,035,180

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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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