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
- Baroda Pioneer Banking And Financial Services Fund
- LIC MF Banking & Financial Services Fund
- Aditya Birla Sun Life Banking And 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 (%) 2023 (%) UTI Banking and Financial Services Fund Growth ₹168.735
↑ 0.03 ₹1,141 7.4 11.2 19.8 14.9 12.3 19.5 TATA Banking and Financial Services Fund Growth ₹37.9333
↑ 0.07 ₹2,227 6.9 11.3 17.8 15.3 15.2 22 SBI Banking & Financial Services Fund Growth ₹36.8268
↓ -0.07 ₹5,861 8.2 16.1 26.7 15.3 15.6 18.6 ICICI Prudential Banking and Financial Services Fund Growth ₹119.73
↑ 0.18 ₹7,671 9.1 16.4 18.7 13.1 13.2 17.9 Baroda Pioneer Banking And Financial Services Fund Growth ₹41.7163
↓ -0.10 ₹147 5.5 11 20.8 14.4 12.5 20.5 LIC MF Banking & Financial Services Fund Growth ₹19.9101
↓ -0.07 ₹303 6.2 10.1 13.1 14.6 12.8 20.5 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹55.64
↓ -0.17 ₹3,278 6.7 12.7 19 15 15.1 21.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jul 24 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 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 Below is the key information for Baroda Pioneer 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 1. UTI Banking and Financial Services Fund
CAGR/Annualized return of 14.9% since its launch. Ranked 20 in Sectoral category. Return for 2023 was 19.5% , 2022 was 15.1% and 2021 was 14.3% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (24 Jul 24) ₹168.735 ↑ 0.03 (0.02 %) Net Assets (Cr) ₹1,141 on 30 Jun 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.55 Sharpe Ratio 1.21 Information Ratio 0.38 Alpha Ratio 7.67 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 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 Returns for UTI Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.1% 3 Month 7.4% 6 Month 11.2% 1 Year 19.8% 3 Year 14.9% 5 Year 12.3% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Preethi S 2 May 22 2.17 Yr. Data below for UTI Banking and Financial Services Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 97.83% Technology 1.59% Asset Allocation
Asset Class Value Cash 0.21% Equity 99.42% Debt 0.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK21% ₹241 Cr 1,433,655
↑ 400,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK14% ₹155 Cr 1,295,000
↓ -200,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | AXISBANK8% ₹90 Cr 710,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | BAJFINANCE6% ₹67 Cr 94,271 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | SHRIRAMFIN4% ₹51 Cr 174,136 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN4% ₹41 Cr 480,000 Indian Bank (Financial Services)
Equity, Since 31 May 23 | INDIANB3% ₹38 Cr 690,843
↑ 20,000 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | KARURVYSYA3% ₹37 Cr 1,809,825
↑ 100,000 REC Ltd (Financial Services)
Equity, Since 30 Nov 23 | RECLTD3% ₹36 Cr 682,000
↑ 72,000 India Shelter Finance Corporation Ltd (Financial Services)
Equity, Since 31 Dec 23 | 5440443% ₹33 Cr 469,617 2. TATA Banking and Financial Services Fund
CAGR/Annualized return of 16.8% since its launch. Return for 2023 was 22% , 2022 was 16.9% and 2021 was 11.9% . TATA Banking and Financial Services Fund
Growth Launch Date 28 Dec 15 NAV (24 Jul 24) ₹37.9333 ↑ 0.07 (0.17 %) Net Assets (Cr) ₹2,227 on 30 Jun 24 Category Equity - Sectoral AMC Tata Asset Management Limited Rating Risk High Expense Ratio 1.98 Sharpe Ratio 1.06 Information Ratio 0.43 Alpha Ratio 5.68 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 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 Returns for TATA Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.3% 3 Month 6.9% 6 Month 11.3% 1 Year 17.8% 3 Year 15.3% 5 Year 15.2% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Amey Sathe 14 Oct 21 2.71 Yr. Data below for TATA Banking and Financial Services Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 94.47% Asset Allocation
Asset Class Value Cash 5.53% Equity 94.47% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | HDFCBANK21% ₹478 Cr 2,840,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK9% ₹200 Cr 1,665,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | AXISBANK7% ₹162 Cr 1,280,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK6% ₹126 Cr 700,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN4% ₹84 Cr 990,000
↓ -60,000 PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | PNBHOUSING3% ₹64 Cr 815,709 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 30 Nov 20 | KARURVYSYA3% ₹62 Cr 3,017,310 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIGI2% ₹54 Cr 300,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | INDUSINDBK2% ₹51 Cr 350,000 PB Fintech Ltd (Financial Services)
Equity, Since 30 Sep 23 | 5433902% ₹49 Cr 350,000 3. SBI Banking & Financial Services Fund
CAGR/Annualized return of 14.9% since its launch. Return for 2023 was 18.6% , 2022 was 13.5% and 2021 was 12.1% . SBI Banking & Financial Services Fund
Growth Launch Date 26 Feb 15 NAV (24 Jul 24) ₹36.8268 ↓ -0.07 (-0.20 %) Net Assets (Cr) ₹5,861 on 30 Jun 24 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating Risk High Expense Ratio 1.96 Sharpe Ratio 1.89 Information Ratio 0.34 Alpha Ratio 14.82 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 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 Returns for SBI Banking & Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month 0.7% 3 Month 8.2% 6 Month 16.1% 1 Year 26.7% 3 Year 15.3% 5 Year 15.6% 10 Year 15 Year Since launch 14.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Mohit Jain 30 Nov 17 6.59 Yr. Milind Agrawal 1 Aug 19 4.92 Yr. Data below for SBI Banking & Financial Services Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 93.3% Asset Allocation
Asset Class Value Cash 6.7% Equity 93.3% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK25% ₹1,467 Cr 8,714,715
↑ 2,825,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK18% ₹1,036 Cr 8,635,814
↓ -500,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK10% ₹559 Cr 3,100,000 State Bank of India (Financial Services)
Equity, Since 31 Jul 18 | SBIN5% ₹291 Cr 3,423,850
↓ -2,411,150 Power Finance Corp Ltd (Financial Services)
Equity, Since 29 Feb 24 | PFC4% ₹262 Cr 5,400,000
↑ 2,000,000 Muthoot Finance Ltd (Financial Services)
Equity, Since 31 Dec 22 | MUTHOOTFIN4% ₹235 Cr 1,306,547
↑ 150,000 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 29 Feb 24 | CHOLAFIN4% ₹229 Cr 1,607,041 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 22 | ICICIGI4% ₹217 Cr 1,211,782
↑ 356,558 Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 23 | NAM-INDIA4% ₹216 Cr 3,346,670
↓ -22,898 Bank of India (Financial Services)
Equity, Since 31 Dec 23 | BANKINDIA2% ₹138 Cr 11,445,313
↓ -3,099,884 4. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 16.9% since its launch. Return for 2023 was 17.9% , 2022 was 11.9% and 2021 was 23.5% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (24 Jul 24) ₹119.73 ↑ 0.18 (0.15 %) Net Assets (Cr) ₹7,671 on 30 Jun 24 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 1.98 Sharpe Ratio 1.15 Information Ratio 0.09 Alpha Ratio 4.88 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 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 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 24 Jul 24 Duration Returns 1 Month 2.3% 3 Month 9.1% 6 Month 16.4% 1 Year 18.7% 3 Year 13.1% 5 Year 13.2% 10 Year 15 Year Since launch 16.9% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Roshan Chutkey 29 Jan 18 6.42 Yr. Sharmila D’mello 30 Jun 22 2.01 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 97.22% Industrials 0.7% Technology 0.23% Asset Allocation
Asset Class Value Cash 1.85% Equity 98.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK26% ₹2,008 Cr 11,924,875
↑ 1,302,165 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK20% ₹1,548 Cr 12,906,483 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | KOTAKBANK7% ₹530 Cr 2,942,214
↓ -100,377 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | AXISBANK6% ₹466 Cr 3,681,651 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE5% ₹395 Cr 2,645,807 HDFC Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 23 | HDFCLIFE4% ₹296 Cr 4,976,823
↓ -487,300 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN3% ₹233 Cr 2,743,541 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 21 | SBICARD3% ₹217 Cr 3,001,575 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIGI3% ₹215 Cr 1,199,865
↑ 19,192 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 23 | BAJFINANCE2% ₹175 Cr 245,308
↓ -75,000 5. Baroda Pioneer Banking And Financial Services Fund
CAGR/Annualized return of 12.5% since its launch. Ranked 32 in Sectoral category. Return for 2023 was 20.5% , 2022 was 15.7% and 2021 was 8% . Baroda Pioneer Banking And Financial Services Fund
Growth Launch Date 22 Jun 12 NAV (24 Jul 24) ₹41.7163 ↓ -0.10 (-0.23 %) Net Assets (Cr) ₹147 on 30 Jun 24 Category Equity - Sectoral AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆ Risk High Expense Ratio 2.63 Sharpe Ratio 1.32 Information Ratio 0.3 Alpha Ratio 8.64 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.
Date Value 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 Returns for Baroda Pioneer Banking And Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month -0.1% 3 Month 5.5% 6 Month 11% 1 Year 20.8% 3 Year 14.4% 5 Year 12.5% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Sandeep Jain 14 Mar 22 2.3 Yr. Miten Vora 1 Dec 22 1.58 Yr. Data below for Baroda Pioneer Banking And Financial Services Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 95.11% Technology 1.23% Asset Allocation
Asset Class Value Cash 1.5% Equity 98.5% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK21% ₹31 Cr 258,000
↑ 25,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 14 | HDFCBANK18% ₹27 Cr 157,950
↑ 10,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | AXISBANK10% ₹14 Cr 111,500 State Bank of India (Financial Services)
Equity, Since 30 Jun 12 | SBIN8% ₹11 Cr 134,500 MAS Financial Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Jun 24 | MASFIN3% ₹4 Cr 139,736
↑ 139,736 Bank of Baroda (Financial Services)
Equity, Since 31 May 24 | BANKBARODA3% ₹4 Cr 135,000
↑ 75,000 Hdfc Bank Ltd.
Derivatives, Since 31 May 14 | HDFCBANK2% ₹3 Cr 18,700 RBL Bank Ltd (Financial Services)
Equity, Since 31 Dec 23 | RBLBANK2% ₹3 Cr 120,000
↑ 15,000 Indian Bank (Financial Services)
Equity, Since 31 Dec 23 | INDIANB2% ₹3 Cr 55,000 360 One Wam Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Dec 23 | 360ONE2% ₹3 Cr 30,000 6. LIC MF Banking & Financial Services Fund
CAGR/Annualized return of 7.7% since its launch. Return for 2023 was 20.5% , 2022 was 19.6% and 2021 was 9.8% . LIC MF Banking & Financial Services Fund
Growth Launch Date 27 Mar 15 NAV (24 Jul 24) ₹19.9101 ↓ -0.07 (-0.33 %) Net Assets (Cr) ₹303 on 30 Jun 24 Category Equity - Sectoral AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.29 Sharpe Ratio 0.78 Information Ratio 0.37 Alpha Ratio 1.52 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 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 Returns for LIC MF Banking & Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jul 24 Duration Returns 1 Month -0.7% 3 Month 6.2% 6 Month 10.1% 1 Year 13.1% 3 Year 14.6% 5 Year 12.8% 10 Year 15 Year Since launch 7.7% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 2.82 Yr. Data below for LIC MF Banking & Financial Services Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 95.45% Asset Allocation
Asset Class Value Cash 4.55% Equity 95.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK22% ₹67 Cr 398,905 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK12% ₹37 Cr 307,998 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | AXISBANK7% ₹22 Cr 176,868 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN6% ₹17 Cr 201,860 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC3% ₹10 Cr 74,502 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | PFC3% ₹10 Cr 200,878 L&T Finance Ltd (Financial Services)
Equity, Since 31 Mar 23 | LTF3% ₹10 Cr 536,756 CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 22 | CSBBANK3% ₹9 Cr 245,748 IndusInd Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | INDUSINDBK3% ₹9 Cr 62,294 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | KOTAKBANK3% ₹9 Cr 49,613 7. Aditya Birla Sun Life Banking And Financial Services Fund
CAGR/Annualized return of 17.6% since its launch. Ranked 3 in Sectoral category. Return for 2023 was 21.7% , 2022 was 11.5% and 2021 was 16.8% . Aditya Birla Sun Life Banking And Financial Services Fund
Growth Launch Date 14 Dec 13 NAV (24 Jul 24) ₹55.64 ↓ -0.17 (-0.30 %) Net Assets (Cr) ₹3,278 on 30 Jun 24 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.13 Sharpe Ratio 1.22 Information Ratio 0.4 Alpha Ratio 7.88 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 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 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 24 Jul 24 Duration Returns 1 Month 0.9% 3 Month 6.7% 6 Month 12.7% 1 Year 19% 3 Year 15% 5 Year 15.1% 10 Year 15 Year Since launch 17.6% Historical performance (Yearly) on absolute basis
Year Returns 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
Name Since Tenure Dhaval Gala 26 Aug 15 8.85 Yr. Dhaval Joshi 21 Nov 22 1.61 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 30 Jun 24
Equity Sector Allocation
Sector Value Financial Services 95.95% Technology 2.78% Asset Allocation
Asset Class Value Cash 1.27% Equity 98.73% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK18% ₹599 Cr 4,993,129 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK18% ₹579 Cr 3,436,948 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | AXISBANK8% ₹256 Cr 2,027,100 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN6% ₹200 Cr 2,351,492 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | BAJFINANCE5% ₹166 Cr 233,725 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN4% ₹126 Cr 433,066
↓ -25,000 Repco Home Finance Ltd (Financial Services)
Equity, Since 31 Dec 13 | REPCOHOME4% ₹115 Cr 2,095,955 Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 31 May 21 | POONAWALLA3% ₹99 Cr 2,422,221 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | AUBANK3% ₹97 Cr 1,446,861 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jan 20 | CHOLAHLDNG3% ₹97 Cr 667,972
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