Fincash » Mutual Funds » Best Banking & Financial Services Funds
Table of Contents
- Indian Banking Sector — Overview
- Top 7 Banking & Finance Mutual Funds to Invest in India
- How to Invest in Banking & Finance Mutual Funds?
Top 7 Equity - Sectoral Funds
- UTI Banking and Financial Services Fund
- TATA Banking and Financial Services Fund
- SBI Banking & Financial Services Fund
- ICICI Prudential Banking and Financial Services Fund
- LIC MF Banking & Financial Services Fund
- Aditya Birla Sun Life Banking And Financial Services Fund
- Invesco India Financial Services Fund
Top 7 Best Performing Banking & Financial Services Funds 2023
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.
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
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2022 (%) UTI Banking and Financial Services Fund Growth ₹119.081
↑ 1.57 ₹824 -6.8 -4.7 7.4 22.9 5.5 15.1 TATA Banking and Financial Services Fund Growth ₹26.5113
↑ 0.35 ₹1,272 -7.3 -2.5 10.1 21 10.6 16.9 SBI Banking & Financial Services Fund Growth ₹24.4248
↑ 0.32 ₹3,748 -8.3 -7.7 4.5 20.7 10.9 13.5 ICICI Prudential Banking and Financial Services Fund Growth ₹84.98
↑ 1.09 ₹5,871 -6.4 -4.3 6.3 23.7 8.5 11.9 LIC MF Banking & Financial Services Fund Growth ₹14.7559
↑ 0.24 ₹121 -6.4 -4.2 13.1 21.2 6.9 19.6 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹37.83
↑ 0.62 ₹2,385 -7.9 -7.4 4.3 23 7.8 11.5 Invesco India Financial Services Fund Growth ₹77.61
↑ 1.01 ₹473 -6.6 -4.4 4.7 20.8 9.2 12.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 21 Mar 23 Banking & Financial Services mutual funds having AUM/Net Assets higher than 100 Crore.
(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 Below is the key information for UTI Banking and Financial Services Fund Returns up to 1 year are on 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 Below is the key information for TATA Banking and Financial Services Fund Returns up to 1 year are on 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 Below is the key information for SBI Banking & Financial Services Fund Returns up to 1 year are on 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 Below is the key information for ICICI Prudential Banking and Financial Services Fund Returns up to 1 year are on 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 Below is the key information for LIC MF Banking & Financial Services Fund Returns up to 1 year are on 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 Below is the key information for Aditya Birla Sun Life Banking And Financial Services Fund Returns up to 1 year are on (Erstwhile Invesco India Banking Fund) The investment objective of the Scheme is to generate long-term capital growth from a portfolio of equity and equity-related securities of companies engaged in the business of banking and financial services. Invesco India Financial Services Fund is a Equity - Sectoral fund was launched on 14 Jul 08. It is a fund with High risk and has given a Below is the key information for Invesco India Financial Services Fund Returns up to 1 year are on 1. UTI Banking and Financial Services Fund
CAGR/Annualized return of 14% since its launch. Ranked 20 in Sectoral category. Return for 2022 was 15.1% , 2021 was 14.3% and 2020 was -5.3% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (21 Mar 23) ₹119.081 ↑ 1.57 (1.34 %) Net Assets (Cr) ₹824 on 28 Feb 23 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.6 Sharpe Ratio 0.27 Information Ratio -0.31 Alpha Ratio 1.93 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.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,465 29 Feb 20 ₹9,897 28 Feb 21 ₹11,269 28 Feb 22 ₹11,701 28 Feb 23 ₹12,771 Returns for UTI Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Mar 23 Duration Returns 1 Month -2.5% 3 Month -6.8% 6 Month -4.7% 1 Year 7.4% 3 Year 22.9% 5 Year 5.5% 10 Year 15 Year Since launch 14% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -13.5% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Amit Premchandani 2 Jun 14 8.67 Yr. Preethi S 2 May 22 0.75 Yr. Data below for UTI Banking and Financial Services Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 96.71% Technology 1.06% Asset Allocation
Asset Class Value Cash 2.09% Equity 97.77% Debt 0.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK20% ₹164 Cr 1,020,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK18% ₹145 Cr 1,738,427
↑ 24,835 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 5322159% ₹78 Cr 890,000
↓ -10,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN9% ₹72 Cr 1,300,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 18 | HDFC7% ₹55 Cr 210,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹31 Cr 180,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 20 | SBILIFE4% ₹30 Cr 246,595
↑ 21,021 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 5000343% ₹25 Cr 43,066
↑ 5,619 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK3% ₹23 Cr 210,000 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5900033% ₹21 Cr 1,944,493 2. TATA Banking and Financial Services Fund
CAGR/Annualized return of 14.4% since its launch. Return for 2022 was 16.9% , 2021 was 11.9% and 2020 was 2.7% . TATA Banking and Financial Services Fund
Growth Launch Date 28 Dec 15 NAV (21 Mar 23) ₹26.5113 ↑ 0.35 (1.32 %) Net Assets (Cr) ₹1,272 on 28 Feb 23 Category Equity - Sectoral AMC Tata Asset Management Limited Rating Risk High Expense Ratio 0 Sharpe Ratio 0.46 Information Ratio -0.01 Alpha Ratio 5.46 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.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,057 29 Feb 20 ₹12,135 28 Feb 21 ₹14,435 28 Feb 22 ₹14,452 28 Feb 23 ₹16,324 Returns for TATA Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Mar 23 Duration Returns 1 Month -3.1% 3 Month -7.3% 6 Month -2.5% 1 Year 10.1% 3 Year 21% 5 Year 10.6% 10 Year 15 Year Since launch 14.4% Historical performance (Yearly) on absolute basis
Year Returns 2022 16.9% 2021 11.9% 2020 2.7% 2019 25.7% 2018 -0.1% 2017 45% 2016 17.8% 2015 2014 2013 Fund Manager information for TATA Banking and Financial Services Fund
Name Since Tenure Amey Sathe 14 Oct 21 1.3 Yr. Data below for TATA Banking and Financial Services Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 95.03% Health Care 0.79% Asset Allocation
Asset Class Value Cash 3.4% Equity 96.6% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | HDFCBANK13% ₹162 Cr 1,010,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK12% ₹158 Cr 1,900,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322159% ₹112 Cr 1,280,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 17 | HDFC8% ₹104 Cr 396,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN7% ₹89 Cr 1,600,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK5% ₹64 Cr 370,000 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | 5900034% ₹47 Cr 4,350,000 RBL Bank Ltd (Financial Services)
Equity, Since 31 Oct 21 | RBLBANK3% ₹42 Cr 2,700,000 IDFC First Bank Ltd (Financial Services)
Equity, Since 31 Mar 22 | IDFCFIRSTB3% ₹40 Cr 6,800,000 PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | PNBHOUSING3% ₹36 Cr 653,985 3. SBI Banking & Financial Services Fund
CAGR/Annualized return of 11.7% since its launch. Return for 2022 was 13.5% , 2021 was 12.1% and 2020 was 4.8% . SBI Banking & Financial Services Fund
Growth Launch Date 26 Feb 15 NAV (21 Mar 23) ₹24.4248 ↑ 0.32 (1.32 %) Net Assets (Cr) ₹3,748 on 28 Feb 23 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating Risk High Expense Ratio 2.09 Sharpe Ratio 0.12 Information Ratio -0.36 Alpha Ratio -0.55 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.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹10,882 29 Feb 20 ₹13,159 28 Feb 21 ₹15,512 28 Feb 22 ₹15,685 28 Feb 23 ₹16,675 Returns for SBI Banking & Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Mar 23 Duration Returns 1 Month -2.7% 3 Month -8.3% 6 Month -7.7% 1 Year 4.5% 3 Year 20.7% 5 Year 10.9% 10 Year 15 Year Since launch 11.7% Historical performance (Yearly) on absolute basis
Year Returns 2022 13.5% 2021 12.1% 2020 4.8% 2019 20.7% 2018 9.5% 2017 40.7% 2016 17% 2015 2014 2013 Fund Manager information for SBI Banking & Financial Services Fund
Name Since Tenure Mohit Jain 30 Nov 17 5.18 Yr. Milind Agrawal 1 Aug 19 3.51 Yr. Data below for SBI Banking & Financial Services Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 95.94% Asset Allocation
Asset Class Value Cash 3.64% Equity 96.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK17% ₹645 Cr 4,025,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK15% ₹573 Cr 6,885,814 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 53221510% ₹367 Cr 4,210,795 State Bank of India (Financial Services)
Equity, Since 31 Jul 18 | SBIN9% ₹353 Cr 6,385,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 30 Nov 22 | HDFC5% ₹184 Cr 700,000
↑ 300,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 22 | 5000345% ₹173 Cr 293,750 Bandhan Bank Ltd (Financial Services)
Equity, Since 28 Feb 22 | BANDHANBNK4% ₹171 Cr 7,000,000 Bank of Baroda (Financial Services)
Equity, Since 31 Dec 22 | 5321344% ₹166 Cr 9,895,478 LIC Housing Finance Ltd (Financial Services)
Equity, Since 30 Sep 22 | LICHSGFIN4% ₹156 Cr 3,890,919
↓ -2,000,000 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | 5900034% ₹146 Cr 13,635,167 4. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 15.8% since its launch. Return for 2022 was 11.9% , 2021 was 23.5% and 2020 was -5.5% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (21 Mar 23) ₹84.98 ↑ 1.09 (1.30 %) Net Assets (Cr) ₹5,871 on 28 Feb 23 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.05 Sharpe Ratio 0.23 Information Ratio -0.06 Alpha Ratio 1.05 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.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,930 29 Feb 20 ₹11,066 28 Feb 21 ₹12,725 28 Feb 22 ₹13,600 28 Feb 23 ₹14,701 Returns for ICICI Prudential Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Mar 23 Duration Returns 1 Month -2.1% 3 Month -6.4% 6 Month -4.3% 1 Year 6.3% 3 Year 23.7% 5 Year 8.5% 10 Year 15 Year Since launch 15.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 -2.6% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Roshan Chutkey 29 Jan 18 5.01 Yr. Sharmila D’mello 30 Jun 22 0.59 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 94.2% Asset Allocation
Asset Class Value Cash 4.76% Equity 95.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK17% ₹976 Cr 11,728,819
↑ 1,163,568 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK17% ₹970 Cr 6,046,515
↑ 13,459 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322159% ₹493 Cr 5,651,581
↑ 353,543 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN8% ₹447 Cr 8,083,194 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE5% ₹309 Cr 2,533,973
↓ -146,357 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | 5407165% ₹268 Cr 2,368,342
↓ -18,030 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | KOTAKBANK4% ₹227 Cr 1,313,004
↑ 1,313,004 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFC4% ₹223 Cr 850,414 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 21 | SBICARD4% ₹200 Cr 2,770,643
↑ 255,967 Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Apr 22 | 5333983% ₹175 Cr 1,680,723
↑ 63,579 5. LIC MF Banking & Financial Services Fund
CAGR/Annualized return of 5% since its launch. Return for 2022 was 19.6% , 2021 was 9.8% and 2020 was -2.1% . LIC MF Banking & Financial Services Fund
Growth Launch Date 27 Mar 15 NAV (21 Mar 23) ₹14.7559 ↑ 0.24 (1.68 %) Net Assets (Cr) ₹121 on 28 Feb 23 Category Equity - Sectoral AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.28 Sharpe Ratio 0.53 Information Ratio -0.16 Alpha Ratio 6.66 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.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹8,981 29 Feb 20 ₹10,259 28 Feb 21 ₹11,512 28 Feb 22 ₹11,804 28 Feb 23 ₹13,494 Returns for LIC MF Banking & Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Mar 23 Duration Returns 1 Month -2.2% 3 Month -6.4% 6 Month -4.2% 1 Year 13.1% 3 Year 21.2% 5 Year 6.9% 10 Year 15 Year Since launch 5% Historical performance (Yearly) on absolute basis
Year Returns 2022 19.6% 2021 9.8% 2020 -2.1% 2019 19.9% 2018 -18% 2017 32.7% 2016 10.5% 2015 2014 2013 Fund Manager information for LIC MF Banking & Financial Services Fund
Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 1.41 Yr. Data below for LIC MF Banking & Financial Services Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 94.47% Health Care 2.15% Asset Allocation
Asset Class Value Cash 3.38% Equity 96.62% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK19% ₹22 Cr 259,444
↑ 33,385 HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK10% ₹12 Cr 74,742 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 5322159% ₹11 Cr 123,396
↑ 11,471 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN9% ₹10 Cr 185,169
↑ 12,814 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 18 | HDFC8% ₹9 Cr 33,786
↑ 9,722 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC4% ₹5 Cr 60,143
↑ 9,871 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5900034% ₹5 Cr 461,061
↑ 54,407 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Jul 20 | FEDERALBNK4% ₹4 Cr 323,890
↑ 177,128 CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 22 | CSBBANK4% ₹4 Cr 172,915 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 21 | SBICARD4% ₹4 Cr 59,092
↑ 3,956 6. Aditya Birla Sun Life Banking And Financial Services Fund
CAGR/Annualized return of 15.4% since its launch. Ranked 3 in Sectoral category. Return for 2022 was 11.5% , 2021 was 16.8% and 2020 was 1.1% . Aditya Birla Sun Life Banking And Financial Services Fund
Growth Launch Date 14 Dec 13 NAV (21 Mar 23) ₹37.83 ↑ 0.62 (1.67 %) Net Assets (Cr) ₹2,385 on 28 Feb 23 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.21 Sharpe Ratio 0.14 Information Ratio -0.07 Alpha Ratio -0.48 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.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,723 29 Feb 20 ₹10,854 28 Feb 21 ₹12,737 28 Feb 22 ₹13,587 28 Feb 23 ₹14,466 Returns for Aditya Birla Sun Life Banking And Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Mar 23 Duration Returns 1 Month -3.7% 3 Month -7.9% 6 Month -7.4% 1 Year 4.3% 3 Year 23% 5 Year 7.8% 10 Year 15 Year Since launch 15.4% Historical performance (Yearly) on absolute basis
Year Returns 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% 2013 Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
Name Since Tenure Dhaval Gala 26 Aug 15 7.44 Yr. Vinod Bhat 26 May 22 0.69 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 93.94% Technology 0.87% Asset Allocation
Asset Class Value Cash 3.34% Equity 96.66% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK14% ₹351 Cr 4,215,975 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK12% ₹292 Cr 1,822,403
↓ -150,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322158% ₹198 Cr 2,272,499 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN7% ₹174 Cr 3,151,492 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000345% ₹123 Cr 209,611 Bank of Baroda (Financial Services)
Equity, Since 31 Mar 21 | 5321344% ₹103 Cr 6,147,307 Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 31 May 21 | POONAWALLA4% ₹89 Cr 3,000,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 19 | HDFC4% ₹85 Cr 323,254 Bandhan Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | BANDHANBNK3% ₹73 Cr 2,995,709 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE3% ₹69 Cr 568,179 7. Invesco India Financial Services Fund
CAGR/Annualized return of 15% since its launch. Ranked 5 in Sectoral category. Return for 2022 was 12.8% , 2021 was 14% and 2020 was 2.4% . Invesco India Financial Services Fund
Growth Launch Date 14 Jul 08 NAV (21 Mar 23) ₹77.61 ↑ 1.01 (1.32 %) Net Assets (Cr) ₹473 on 28 Feb 23 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆☆ Risk High Expense Ratio 2.59 Sharpe Ratio 0.19 Information Ratio -0.2 Alpha Ratio 0.63 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.
Date Value 28 Feb 18 ₹10,000 28 Feb 19 ₹9,876 29 Feb 20 ₹11,685 28 Feb 21 ₹13,462 28 Feb 22 ₹14,181 28 Feb 23 ₹15,268 Returns for Invesco India Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 21 Mar 23 Duration Returns 1 Month -1.9% 3 Month -6.6% 6 Month -4.4% 1 Year 4.7% 3 Year 20.8% 5 Year 9.2% 10 Year 15 Year Since launch 15% Historical performance (Yearly) on absolute basis
Year Returns 2022 12.8% 2021 14% 2020 2.4% 2019 21.2% 2018 -0.3% 2017 45.2% 2016 10.4% 2015 -2.1% 2014 55.8% 2013 -9.5% Fund Manager information for Invesco India Financial Services Fund
Name Since Tenure Dhimant Kothari 1 Jun 18 4.67 Yr. Hiten Jain 19 May 20 2.71 Yr. Data below for Invesco India Financial Services Fund as on 28 Feb 23
Equity Sector Allocation
Sector Value Financial Services 97.77% Asset Allocation
Asset Class Value Cash 2.23% Equity 97.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK19% ₹88 Cr 1,061,403 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK18% ₹83 Cr 514,751
↑ 14,507 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 53221510% ₹48 Cr 547,384 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN9% ₹41 Cr 744,891 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK4% ₹20 Cr 115,035
↑ 13,485 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5000344% ₹18 Cr 29,822
↑ 4,228 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 20 | SBILIFE3% ₹15 Cr 124,906
↑ 16,748 Equitas Holding Ltd (Financial Services)
Equity, Since 31 May 20 | 5398443% ₹14 Cr 1,147,104
↑ 379,986 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 17 | CHOLAFIN3% ₹14 Cr 194,518
↑ 33,042 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Sep 22 | 5900033% ₹13 Cr 1,230,056
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