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Since 2016 banking funds are catching the eye of investors. After underperforming in 2015, banking sector funds performed strongly in last two years. In the year 2017, banking, funds have given 31 percent returns. With such good performance, many investors are inclining towards Investing in these schemes.
Banking funds are those Mutual Funds that invest the majority of their funds in the Banking and Financial Services sector. It is basically a sector Equity Fund. But, one should know that sector funds can outperform the broader Market by a big margin when the economic and market conditions are favourable for the sector. At the same time, sector funds can Underperform considerably when the market conditions are unfavourable. It is always advised to the investors that they should avoid these funds unless the timing of entry is suitable.
Ideally, banking funds are considered as a good option over a long investment horizon, across different market conditions. Over the last five years, these funds gave average annualized returns of more than 17 percent. So, even though these funds shouldn't be the only fund on your Portfolio, you can add banking funds to your portfolio to get exposure to one of the fastest growing sectors of the Indian Economy.
As banking and finance sector is considered to be the country’s one of the backbone, it may result in the development of the country, especially in the case where the government is also supporting the sector. So, it can be assumed that in the future this can be a win-win situation for investors if they get any opportunity to participate in this fund. However, a risk-averse investor should avoid investing in such high risk sectors or funds.
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Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2024 (%) UTI Banking and Financial Services Fund Growth ₹187.568
↓ -0.28 ₹1,356 2.7 13 9.6 17.5 22 11.1 ICICI Prudential Banking and Financial Services Fund Growth ₹134.01
↓ -0.25 ₹10,088 3.1 12.9 10.5 17.1 22.2 11.6 Nippon India Banking Fund Growth ₹622.704
↓ -2.92 ₹7,487 2.1 12.8 9.4 19.4 26.6 10.3 TATA Banking and Financial Services Fund Growth ₹42.5733
↓ -0.12 ₹2,958 1.8 13.4 10.9 19.7 20.9 9 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 31 Jul 25
*above is the list of top Banking & Financial Services mutual funds having AUM/Net Assets higher than 500 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 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 primary investment objective of the Scheme is to seek to generate continuous returns by actively investing in equity and equity related securities of
companies in the Banking Sector and companies engaged in allied activities related to Banking Sector. The AMC will have the discretion to completely or
partially invest in any of the type of securities stated above with a view to maximize the returns or on defensive considerations. However, there can be no
assurance that the investment objective of the Scheme will be realized, as actual market movements may be at variance with anticipated trends. Nippon India Banking Fund is a Equity - Sectoral fund was launched on 26 May 03. It is a fund with High risk and has given a Below is the key information for Nippon India Banking 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 1. UTI Banking and Financial Services Fund
CAGR/Annualized
return of 14.7% since its launch. Ranked 20 in Sectoral
category. Return for 2024 was 11.1% , 2023 was 19.5% and 2022 was 15.1% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (31 Jul 25) ₹187.568 ↓ -0.28 (-0.15 %) Net Assets (Cr) ₹1,356 on 30 Jun 25 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.28 Sharpe Ratio 0.65 Information Ratio 0.48 Alpha Ratio -2.61 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 31 Jul 20 ₹10,000 31 Jul 21 ₹15,914 31 Jul 22 ₹16,679 31 Jul 23 ₹20,037 31 Jul 24 ₹24,689 Returns for UTI Banking and Financial Services Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Jul 25 Duration Returns 1 Month -4.1% 3 Month 2.7% 6 Month 13% 1 Year 9.6% 3 Year 17.5% 5 Year 22% 10 Year 15 Year Since launch 14.7% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.1% 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% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Amit Premchandani 16 Jun 25 0.04 Yr. Preethi S 2 May 22 3.17 Yr. Data below for UTI Banking and Financial Services Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 97.36% Technology 0.58% Asset Allocation
Asset Class Value Cash 1.83% Equity 98.17% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | 53217420% ₹268 Cr 1,852,344 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK15% ₹201 Cr 1,005,927 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 5322157% ₹92 Cr 770,000
↑ 100,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 5000346% ₹79 Cr 842,570
↑ 674,056 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN5% ₹62 Cr 750,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹61 Cr 281,165
↑ 58,194 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | SHRIRAMFIN4% ₹57 Cr 800,000
↓ -183,680 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5900034% ₹55 Cr 2,070,787 India Shelter Finance Corporation Ltd (Financial Services)
Equity, Since 31 Dec 23 | INDIASHLTR4% ₹55 Cr 625,913
↓ -34,101 Max Financial Services Ltd (Financial Services)
Equity, Since 30 Sep 22 | 5002714% ₹52 Cr 314,018 2. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized
return of 16.6% since its launch. Return for 2024 was 11.6% , 2023 was 17.9% and 2022 was 11.9% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (31 Jul 25) ₹134.01 ↓ -0.25 (-0.19 %) Net Assets (Cr) ₹10,088 on 30 Jun 25 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 1.98 Sharpe Ratio 0.72 Information Ratio 0.11 Alpha Ratio -0.92 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 31 Jul 20 ₹10,000 31 Jul 21 ₹16,665 31 Jul 22 ₹16,999 31 Jul 23 ₹20,501 31 Jul 24 ₹24,682 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 31 Jul 25 Duration Returns 1 Month -2% 3 Month 3.1% 6 Month 12.9% 1 Year 10.5% 3 Year 17.1% 5 Year 22.2% 10 Year 15 Year Since launch 16.6% Historical performance (Yearly) on absolute basis
Year Returns 2024 11.6% 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% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Roshan Chutkey 29 Jan 18 7.42 Yr. Sharmila D’mello 30 Jun 22 3 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 92.47% Health Care 0.81% Industrials 0.33% Asset Allocation
Asset Class Value Cash 6.39% Equity 93.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | 53217420% ₹2,037 Cr 14,088,220
↑ 726,600 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK17% ₹1,737 Cr 8,680,861
↑ 20,493 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322159% ₹862 Cr 7,188,596 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN8% ₹778 Cr 9,489,675 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE5% ₹505 Cr 2,744,980
↑ 279,361 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIGI3% ₹347 Cr 1,701,240
↑ 47,478 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | KOTAKBANK3% ₹313 Cr 1,448,500 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 23 | HDFCLIFE3% ₹305 Cr 3,744,946 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Aug 19 | 5002713% ₹304 Cr 1,848,226
↓ -54,477 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | INDUSINDBK2% ₹213 Cr 2,445,009
↓ -1,784,000 3. Nippon India Banking Fund
CAGR/Annualized
return of 20.5% since its launch. Ranked 15 in Sectoral
category. Return for 2024 was 10.3% , 2023 was 24.2% and 2022 was 20.7% . Nippon India Banking Fund
Growth Launch Date 26 May 03 NAV (31 Jul 25) ₹622.704 ↓ -2.92 (-0.47 %) Net Assets (Cr) ₹7,487 on 30 Jun 25 Category Equity - Sectoral AMC Nippon Life Asset Management Ltd. Rating ☆☆☆ Risk High Expense Ratio 1.94 Sharpe Ratio 0.74 Information Ratio 0.9 Alpha Ratio -1.01 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 31 Jul 20 ₹10,000 31 Jul 21 ₹17,713 31 Jul 22 ₹19,070 31 Jul 23 ₹23,980 31 Jul 24 ₹29,699 Returns for Nippon India Banking Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Jul 25 Duration Returns 1 Month -4.1% 3 Month 2.1% 6 Month 12.8% 1 Year 9.4% 3 Year 19.4% 5 Year 26.6% 10 Year 15 Year Since launch 20.5% Historical performance (Yearly) on absolute basis
Year Returns 2024 10.3% 2023 24.2% 2022 20.7% 2021 29.7% 2020 -10.6% 2019 10.7% 2018 -1.2% 2017 44.1% 2016 11.5% 2015 -6% Fund Manager information for Nippon India Banking Fund
Name Since Tenure Vinay Sharma 9 Apr 18 7.23 Yr. Kinjal Desai 25 May 18 7.11 Yr. Bhavik Dave 18 Jun 21 4.04 Yr. Data below for Nippon India Banking Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 94.51% Technology 2.45% Asset Allocation
Asset Class Value Cash 3.04% Equity 96.96% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK18% ₹1,324 Cr 6,614,660
↓ -750,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | 53217414% ₹1,043 Cr 7,215,358
↓ -200,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 17 | 5322159% ₹696 Cr 5,800,228 State Bank of India (Financial Services)
Equity, Since 31 Mar 14 | SBIN5% ₹398 Cr 4,848,932 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Nov 20 | SBILIFE4% ₹310 Cr 1,685,031
↑ 60,000 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Jul 20 | SBICARD3% ₹259 Cr 2,720,827 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 May 19 | INDUSINDBK3% ₹239 Cr 2,744,975 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Oct 23 | 5329783% ₹236 Cr 1,146,038 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 30 Apr 19 | CHOLAHLDNG3% ₹219 Cr 1,012,694
↓ -50,000 Bank of Baroda (Financial Services)
Equity, Since 30 Apr 25 | 5321343% ₹201 Cr 8,093,554
↑ 1,500,000 4. TATA Banking and Financial Services Fund
CAGR/Annualized
return of 16.3% since its launch. Return for 2024 was 9% , 2023 was 22% and 2022 was 16.9% . TATA Banking and Financial Services Fund
Growth Launch Date 28 Dec 15 NAV (31 Jul 25) ₹42.5733 ↓ -0.12 (-0.29 %) Net Assets (Cr) ₹2,958 on 30 Jun 25 Category Equity - Sectoral AMC Tata Asset Management Limited Rating Risk High Expense Ratio 0 Sharpe Ratio 0.78 Information Ratio 0.78 Alpha Ratio -0.75 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 31 Jul 20 ₹10,000 31 Jul 21 ₹15,012 31 Jul 22 ₹15,076 31 Jul 23 ₹19,557 31 Jul 24 ₹23,302 Returns for TATA Banking and Financial Services Fund
absolute basis
& more than 1 year are on CAGR (Compound Annual Growth Rate)
basis. as on 31 Jul 25 Duration Returns 1 Month -4.2% 3 Month 1.8% 6 Month 13.4% 1 Year 10.9% 3 Year 19.7% 5 Year 20.9% 10 Year 15 Year Since launch 16.3% Historical performance (Yearly) on absolute basis
Year Returns 2024 9% 2023 22% 2022 16.9% 2021 11.9% 2020 2.7% 2019 25.7% 2018 -0.1% 2017 45% 2016 17.8% 2015 Fund Manager information for TATA Banking and Financial Services Fund
Name Since Tenure Amey Sathe 14 Oct 21 3.71 Yr. Data below for TATA Banking and Financial Services Fund as on 30 Jun 25
Equity Sector Allocation
Sector Value Financial Services 92.54% Technology 1.87% Asset Allocation
Asset Class Value Cash 5.18% Equity 94.82% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | HDFCBANK22% ₹640 Cr 3,200,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322159% ₹254 Cr 2,120,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK8% ₹249 Cr 1,150,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5321748% ₹241 Cr 1,665,000 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Apr 25 | 5329783% ₹97 Cr 469,857
↑ 269,857 PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | PNBHOUSING3% ₹83 Cr 750,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹81 Cr 990,000 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIGI3% ₹77 Cr 375,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Dec 24 | 5000343% ₹75 Cr 800,000
↑ 640,000 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Aug 20 | 5002713% ₹74 Cr 450,000
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