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Best Financial Mutual Funds 2020
A financial Mutual Funds are a part of sector Equity Funds. These funds are also known as ‘Banking & Financial Services Fund’. The aim of these funds is to generate income by Investing in stocks/shares of companies that cater to the banking sector and financial industry. So, let’s understand the future potential of financial funds, along with the best financial mutual funds to invest.
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Financial Mutual Funds in India
If we look at the July 2017 data released by SEBI, banking and sector funds were the most favored ones. The data shows that bank and finance- the two leading sectors has shown a sharp surge in share AUM.
As per the Jul’17 statistics, the AUM of the banking sector, which is the leading sector, has moved from 20.9 percent to 22.6 percent in just six months.
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Top Performing Best Financial Mutual Funds FY 20 - 21
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2018 (%) Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹31.15
↑ 0.18 ₹1,995 7.4 12.9 18 14.9 11.9 14.9 ICICI Prudential Banking and Financial Services Fund Growth ₹70.93
↑ 0.54 ₹3,592 12 11.3 17.6 16.5 12.5 14.5 Invesco India Financial Services Fund Growth ₹63.4
↑ 0.40 ₹200 7.1 14.2 22.4 18.7 11.8 21.2 Sundaram Financial Services Opportunities Fund Growth ₹48.2783
↑ 0.40 ₹241 8.1 14.7 27 15.6 9.2 26.4 UTI Banking and Financial Services Fund Growth ₹102.505
↑ 0.49 ₹675 10 8.6 11.5 12 7.3 11.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 24 Jan 20
When we speak about the banking and finance sector of India, we have many major players like ICICI Bank Ltd, HDFC Bank Ltd, State Bank of India, Yes Bank Ltd, Axis Bank Ltd, etc. The Indian banking system consists of 26 private sector banks, 27 public sector banks, 1,574 urban cooperative banks, 56 regional rural banks, 46 foreign banks and 93,913 rural cooperative banks in addition to cooperative credit institutions.
Companies that operate within the banking and financial industry are highly regulated. Many good companies aim to deliver consistent performance and returns over the years, as a result, it brings in confidence for investors who are planning to invest in sector funds. However, one should always keep in mind the risk factors of such funds. These funds, sometime, can be at two extremes, they can deliver good returns and can sometimes perform badly too. Therefore, it is advisable that investors who are planning to invest in such sector funds should have a high-risk appetite and also should stay invested for a longer duration. Ideally, one should invest in such funds for diversification purpose.
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 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 (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 Seek capital appreciation by investing predominantly in equity and equity related securities of indian companies engaged in banking and financial Services. Sundaram Financial Services Opportunities Fund is a Equity - Sectoral fund was launched on 10 Jun 08. It is a fund with High risk and has given a Below is the key information for Sundaram Financial Services Opportunities Fund Returns up to 1 year are on (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 1. Aditya Birla Sun Life Banking And Financial Services Fund
CAGR/Annualized return of 20.4% since its launch. Ranked 3 in Sectoral category. Return for 2019 was 14.9% , 2018 was -2.4% and 2017 was 47.6% . Aditya Birla Sun Life Banking And Financial Services Fund
Growth Launch Date 14 Dec 13 NAV (24 Jan 20) ₹31.15 ↑ 0.18 (0.58 %) Net Assets (Cr) ₹1,995 on 31 Dec 19 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.35 Sharpe Ratio 0.63 Information Ratio -0.87 Alpha Ratio -12.05 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 31 Dec 14 ₹10,000 31 Dec 15 ₹9,945 31 Dec 16 ₹11,508 31 Dec 17 ₹16,990 31 Dec 18 ₹16,578 31 Dec 19 ₹19,055 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 Jan 20 Duration Returns 1 Month -0.9% 3 Month 7.4% 6 Month 12.9% 1 Year 18% 3 Year 14.9% 5 Year 11.9% 10 Year 15 Year Since launch 20.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 14.9% 2017 -2.4% 2016 47.6% 2015 15.7% 2014 -0.5% 2013 65.8% 2012 2011 2010 2009 Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
Name Since Tenure Satyabrata Mohanty 14 Dec 13 5.13 Yr. Dhaval Gala 26 Aug 15 3.44 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 92.19% Asset Allocation
Asset Class Value Cash 7.81% Equity 92.19% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK14% ₹280 Cr 2,200,000
↓ -183,400 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK11% ₹219 Cr 4,280,190
↓ -800,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000348% ₹160 Cr 393,716
↑ 45,785 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | 5407166% ₹124 Cr 910,929
↓ -3,098 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322156% ₹118 Cr 1,600,739
↓ -190,000 Clearing Corporation Of India Limited
CBLO | -6% ₹112 Cr Bandhan Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | 5411536% ₹109 Cr 1,869,288 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | KOTAKBANK5% ₹96 Cr 594,830
↓ -58,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN5% ₹93 Cr 2,709,080 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Nov 15 | 5329784% ₹89 Cr 97,200 2. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 18.7% since its launch. Return for 2019 was 14.5% , 2018 was -0.4% and 2017 was 45.1% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (24 Jan 20) ₹70.93 ↑ 0.54 (0.77 %) Net Assets (Cr) ₹3,592 on 31 Dec 19 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.22 Sharpe Ratio 0.62 Information Ratio -1.16 Alpha Ratio -12.25 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 Dec 14 ₹10,000 31 Dec 15 ₹9,278 31 Dec 16 ₹11,232 31 Dec 17 ₹16,292 31 Dec 18 ₹16,222 31 Dec 19 ₹18,574 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 Jan 20 Duration Returns 1 Month 2.2% 3 Month 12% 6 Month 11.3% 1 Year 17.6% 3 Year 16.5% 5 Year 12.5% 10 Year 15 Year Since launch 18.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 14.5% 2017 -0.4% 2016 45.1% 2015 21.1% 2014 -7.2% 2013 69% 2012 -2.6% 2011 72.2% 2010 -31.6% 2009 32.8% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Roshan Chutkey 29 Jan 18 1.92 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 96.95% Asset Allocation
Asset Class Value Cash 3.35% Equity 96.63% Other 0.02% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK15% ₹538 Cr 10,500,937 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN10% ₹363 Cr 10,605,307
↑ 1,028,038 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹341 Cr 2,672,219 Bank of Baroda (Financial Services)
Equity, Since 31 May 17 | 5321347% ₹252 Cr 23,977,141
↑ 1,317,724 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Jun 13 | 5329786% ₹210 Cr 230,081
↓ -6,532 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322155% ₹195 Cr 2,632,941
↑ 286,277 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | FEDERALBNK4% ₹163 Cr 18,266,314
↑ 3,159,000 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 30 Jun 18 | M&MFIN4% ₹133 Cr 3,778,732
↑ 302,429 Treps
CBLO/Reverse Repo | -3% ₹126 Cr ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 28 Feb 18 | ICICIPRULI3% ₹110 Cr 2,191,300 3. Invesco India Financial Services Fund
CAGR/Annualized return of 17.4% since its launch. Ranked 5 in Sectoral category. Return for 2019 was 21.2% , 2018 was -0.3% and 2017 was 45.2% . Invesco India Financial Services Fund
Growth Launch Date 14 Jul 08 NAV (24 Jan 20) ₹63.4 ↑ 0.40 (0.63 %) Net Assets (Cr) ₹200 on 31 Dec 19 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆☆ Risk High Expense Ratio 2.6 Sharpe Ratio 1.01 Information Ratio -1.32 Alpha Ratio -4.3 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 Dec 14 ₹10,000 31 Dec 15 ₹9,786 31 Dec 16 ₹10,807 31 Dec 17 ₹15,689 31 Dec 18 ₹15,636 31 Dec 19 ₹18,958 Returns for Invesco India Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month -0.6% 3 Month 7.1% 6 Month 14.2% 1 Year 22.4% 3 Year 18.7% 5 Year 11.8% 10 Year 15 Year Since launch 17.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 21.2% 2017 -0.3% 2016 45.2% 2015 10.4% 2014 -2.1% 2013 55.8% 2012 -9.5% 2011 58.1% 2010 -29.9% 2009 38.5% Fund Manager information for Invesco India Financial Services Fund
Name Since Tenure Amit Ganatra 9 Nov 10 8.98 Yr. Dhimant Kothari 1 Jun 18 1.42 Yr. Data below for Invesco India Financial Services Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 95.29% Asset Allocation
Asset Class Value Cash 4.71% Equity 95.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK25% ₹46 Cr 364,237
↑ 4,940 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK15% ₹28 Cr 539,325
↑ 9,311 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFC13% ₹24 Cr 102,814 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK10% ₹18 Cr 112,781
↑ 13,536 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322158% ₹15 Cr 200,384
↑ 8,606 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000347% ₹13 Cr 31,948 Triparty Repo
CBLO/Reverse Repo | -5% ₹9 Cr State Bank of India (Financial Services)
Equity, Since 31 Mar 17 | SBIN5% ₹9 Cr 254,779 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 17 | CHOLAFIN3% ₹5 Cr 168,569 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407163% ₹5 Cr 35,321 4. Sundaram Financial Services Opportunities Fund
CAGR/Annualized return of 14.5% since its launch. Ranked 23 in Sectoral category. Return for 2019 was 26.4% , 2018 was -3.7% and 2017 was 33.3% . Sundaram Financial Services Opportunities Fund
Growth Launch Date 10 Jun 08 NAV (24 Jan 20) ₹48.2783 ↑ 0.40 (0.83 %) Net Assets (Cr) ₹241 on 31 Dec 19 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.85 Sharpe Ratio 1.31 Information Ratio -2.11 Alpha Ratio 0.69 Min Investment 100,000 Min SIP Investment 100 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Dec 14 ₹10,000 31 Dec 15 ₹9,104 31 Dec 16 ₹10,271 31 Dec 17 ₹13,694 31 Dec 18 ₹13,192 31 Dec 19 ₹16,680 Returns for Sundaram Financial Services Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 24 Jan 20 Duration Returns 1 Month -0.5% 3 Month 8.1% 6 Month 14.7% 1 Year 27% 3 Year 15.6% 5 Year 9.2% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 2018 26.4% 2017 -3.7% 2016 33.3% 2015 12.8% 2014 -9% 2013 58% 2012 -12.4% 2011 47.1% 2010 -32.9% 2009 35.5% Fund Manager information for Sundaram Financial Services Opportunities Fund
Name Since Tenure S Krishnakumar 30 Dec 17 1.84 Yr. Dwijendra Srivastava 30 Dec 17 1.84 Yr. Rahul Baijal 1 Apr 19 0.58 Yr. Rohit Seksaria 30 Dec 17 1.84 Yr. Data below for Sundaram Financial Services Opportunities Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 94.31% Asset Allocation
Asset Class Value Cash 5.69% Equity 94.31% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK22% ₹49 Cr 385,280 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | ICICIBANK16% ₹36 Cr 700,154 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC14% ₹30 Cr 132,428 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK9% ₹20 Cr 120,794 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 5322157% ₹15 Cr 202,926 Share Application Money Pending Allotment
Net Current Assets | -5% ₹11 Cr 555,000
↑ 555,000 State Bank of India (Financial Services)
Equity, Since 31 Dec 08 | SBIN4% ₹9 Cr 276,328 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5000344% ₹9 Cr 22,130 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5407163% ₹6 Cr 45,268 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5329783% ₹6 Cr 6,711 5. UTI Banking and Financial Services Fund
CAGR/Annualized return of 15.9% since its launch. Ranked 20 in Sectoral category. Return for 2019 was 11.6% , 2018 was -6.8% and 2017 was 43.5% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (24 Jan 20) ₹102.505 ↑ 0.49 (0.48 %) Net Assets (Cr) ₹675 on 31 Dec 19 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.64 Sharpe Ratio 0.47 Information Ratio -1.71 Alpha Ratio -15.64 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 Dec 14 ₹10,000 31 Dec 15 ₹8,866 31 Dec 16 ₹10,016 31 Dec 17 ₹14,376 31 Dec 18 ₹13,397 31 Dec 19 ₹14,947 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 Jan 20 Duration Returns 1 Month -0.3% 3 Month 10% 6 Month 8.6% 1 Year 11.5% 3 Year 12% 5 Year 7.3% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 11.6% 2017 -6.8% 2016 43.5% 2015 13% 2014 -11.3% 2013 64% 2012 -13.5% 2011 58.7% 2010 -32.6% 2009 36.5% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Amit Premchandani 2 Jun 14 5.5 Yr. Data below for UTI Banking and Financial Services Fund as on 31 Dec 19
Equity Sector Allocation
Sector Value Financial Services 99.15% Asset Allocation
Asset Class Value Cash 0.85% Equity 99.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK19% ₹130 Cr 1,020,000
↓ -5,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK15% ₹101 Cr 1,975,000
↓ -25,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 53221510% ₹65 Cr 885,000
↑ 25,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 18 | HDFC9% ₹60 Cr 260,000
↓ -15,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN9% ₹59 Cr 1,720,000
↓ -30,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK6% ₹39 Cr 250,000
↓ -40,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹26 Cr 160,000
↓ -5,000 RBL Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | RBLBANK3% ₹21 Cr 550,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 5000343% ₹18 Cr 45,000
↑ 45,000 ICICI Securities Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5411793% ₹17 Cr 500,000
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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