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Best Financial Mutual Funds 2019
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 19 - 20
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 ₹30.47
↓ -0.02 ₹1,888 10 6.8 16.8 15.8 14.7 -2.4 ICICI Prudential Banking and Financial Services Fund Growth ₹67.94
↑ 0.36 ₹3,445 9.6 5.5 16.7 15.9 14.3 -0.4 Invesco India Financial Services Fund Growth ₹61.81
↓ -0.03 ₹175 12.4 9.7 21.8 18.6 14.1 -0.3 Sundaram Financial Services Opportunities Fund Growth ₹46.7947
↑ 0.03 ₹204 12.6 12.6 26.4 14.8 11.3 -3.7 UTI Banking and Financial Services Fund Growth ₹99.8082
↑ 0.63 ₹644 7.9 3.4 10.9 11.7 9.1 -6.8 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 19
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 20.7% since its launch. Ranked 3 in Sectoral category. Return for 2018 was -2.4% , 2017 was 47.6% and 2016 was 15.7% . Aditya Birla Sun Life Banking And Financial Services Fund
Growth Launch Date 14 Dec 13 NAV (19 Nov 19) ₹30.47 ↓ -0.02 (-0.07 %) Net Assets (Cr) ₹1,888 on 31 Oct 19 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.35 Sharpe Ratio 0.8 Information Ratio -1.01 Alpha Ratio -9.03 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 Oct 14 ₹10,000 31 Oct 15 ₹10,958 31 Oct 16 ₹14,963 31 Oct 17 ₹18,651 31 Oct 18 ₹16,797 31 Oct 19 ₹20,061 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 19 Nov 19 Duration Returns 1 Month 5.7% 3 Month 10% 6 Month 6.8% 1 Year 16.8% 3 Year 15.8% 5 Year 14.7% 10 Year 15 Year Since launch 20.7% Historical performance (Yearly) on absolute basis
Year Returns 2018 -2.4% 2017 47.6% 2016 15.7% 2015 -0.5% 2014 65.8% 2013 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 Oct 19
Equity Sector Allocation
Sector Value Financial Services 97.2% Asset Allocation
Asset Class Value Cash 1.72% Equity 97.2% Other 1.08% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK16% ₹293 Cr 2,383,400
↓ -158,600 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK12% ₹235 Cr 5,080,190
↑ 110,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000347% ₹140 Cr 347,931 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322157% ₹132 Cr 1,790,739 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | 5407166% ₹123 Cr 914,027
↑ 239,600 Bandhan Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | 5411536% ₹114 Cr 1,869,288
↓ -314,612 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | KOTAKBANK5% ₹103 Cr 652,830 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN4% ₹85 Cr 2,709,080 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | INDUSINDBK4% ₹83 Cr 631,373 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Nov 15 | 5329784% ₹79 Cr 97,200 2. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 18.6% since its launch. Return for 2018 was -0.4% , 2017 was 45.1% and 2016 was 21.1% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (19 Nov 19) ₹67.94 ↑ 0.36 (0.53 %) Net Assets (Cr) ₹3,445 on 31 Oct 19 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.22 Sharpe Ratio 0.77 Information Ratio -1.14 Alpha Ratio -9.22 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 Oct 14 ₹10,000 31 Oct 15 ₹10,580 31 Oct 16 ₹13,946 31 Oct 17 ₹18,065 31 Oct 18 ₹16,679 31 Oct 19 ₹19,637 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 19 Nov 19 Duration Returns 1 Month 7.6% 3 Month 9.6% 6 Month 5.5% 1 Year 16.7% 3 Year 15.9% 5 Year 14.3% 10 Year 15 Year Since launch 18.6% Historical performance (Yearly) on absolute basis
Year Returns 2018 -0.4% 2017 45.1% 2016 21.1% 2015 -7.2% 2014 69% 2013 -2.6% 2012 72.2% 2011 -31.6% 2010 32.8% 2009 77.6% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Roshan Chutkey 29 Jan 18 1.67 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 31 Oct 19
Equity Sector Allocation
Sector Value Financial Services 92.82% Asset Allocation
Asset Class Value Cash 7.36% Equity 92.57% Other 0.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK14% ₹455 Cr 10,500,937
↑ 93,657 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK9% ₹306 Cr 2,496,576 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN8% ₹259 Cr 9,577,269 Treps
CBLO/Reverse Repo | -7% ₹233 Cr Bank of Baroda (Financial Services)
Equity, Since 31 May 17 | 5321347% ₹225 Cr 24,190,468
↑ 1,504,694 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Jun 13 | 5329786% ₹201 Cr 236,613 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322155% ₹169 Cr 2,465,934 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | FEDERALBNK4% ₹137 Cr 15,107,314 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 30 Jun 18 | M&MFIN3% ₹114 Cr 3,476,303 ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 28 Feb 18 | ICICIPRULI3% ₹102 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 2018 was -0.3% , 2017 was 45.2% and 2016 was 10.4% . Invesco India Financial Services Fund
Growth Launch Date 14 Jul 08 NAV (19 Nov 19) ₹61.81 ↓ -0.03 (-0.05 %) Net Assets (Cr) ₹175 on 31 Oct 19 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆☆ Risk High Expense Ratio 2.6 Sharpe Ratio 1.07 Information Ratio -1.16 Alpha Ratio -3.6 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 Oct 14 ₹10,000 31 Oct 15 ₹10,925 31 Oct 16 ₹12,919 31 Oct 17 ₹16,795 31 Oct 18 ₹15,873 31 Oct 19 ₹19,590 Returns for Invesco India Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 5.7% 3 Month 12.4% 6 Month 9.7% 1 Year 21.8% 3 Year 18.6% 5 Year 14.1% 10 Year 15 Year Since launch 17.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 -0.3% 2017 45.2% 2016 10.4% 2015 -2.1% 2014 55.8% 2013 -9.5% 2012 58.1% 2011 -29.9% 2010 38.5% 2009 70.7% Fund Manager information for Invesco India Financial Services Fund
Name Since Tenure Amit Ganatra 9 Nov 10 8.4 Yr. Dhimant Kothari 1 Jun 18 0.83 Yr. Data below for Invesco India Financial Services Fund as on 31 Oct 19
Equity Sector Allocation
Sector Value Financial Services 95.29% Asset Allocation
Asset Class Value Cash 4.76% Equity 95.24% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK27% ₹44 Cr 355,472
↑ 7,670 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK14% ₹23 Cr 521,023
↑ 7,465 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFC12% ₹20 Cr 100,347
↑ 10,691 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK10% ₹16 Cr 97,710
↓ -3,969 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322158% ₹13 Cr 185,739
↑ 5,383 Triparty Repo
CBLO/Reverse Repo | -6% ₹10 Cr Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000346% ₹10 Cr 24,296
↓ -1,116 State Bank of India (Financial Services)
Equity, Since 31 Mar 17 | SBIN4% ₹7 Cr 254,779
↑ 24,987 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 17 | CHOLAFIN3% ₹5 Cr 168,569
↑ 24,698 Reliance Nippon Life Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 19 | 5407673% ₹4 Cr 169,395
↑ 109,538 4. Sundaram Financial Services Opportunities Fund
CAGR/Annualized return of 14.4% since its launch. Ranked 23 in Sectoral category. Return for 2018 was -3.7% , 2017 was 33.3% and 2016 was 12.8% . Sundaram Financial Services Opportunities Fund
Growth Launch Date 10 Jun 08 NAV (19 Nov 19) ₹46.7947 ↑ 0.03 (0.07 %) Net Assets (Cr) ₹204 on 31 Oct 19 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.85 Sharpe Ratio 1.31 Information Ratio -1.95 Alpha Ratio 0.47 Min Investment 100,000 Min SIP Investment 250 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 14 ₹10,000 31 Oct 15 ₹10,302 31 Oct 16 ₹12,236 31 Oct 17 ₹14,802 31 Oct 18 ₹13,426 31 Oct 19 ₹17,059 Returns for Sundaram Financial Services Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 6.2% 3 Month 12.6% 6 Month 12.6% 1 Year 26.4% 3 Year 14.8% 5 Year 11.3% 10 Year 15 Year Since launch 14.4% Historical performance (Yearly) on absolute basis
Year Returns 2018 -3.7% 2017 33.3% 2016 12.8% 2015 -9% 2014 58% 2013 -12.4% 2012 47.1% 2011 -32.9% 2010 35.5% 2009 71.6% 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 Oct 19
Equity Sector Allocation
Sector Value Financial Services 96.74% Asset Allocation
Asset Class Value Cash 3.26% Equity 96.74% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK23% ₹47 Cr 385,280 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | ICICIBANK16% ₹32 Cr 700,154 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC14% ₹28 Cr 132,428
↑ 16,084 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK9% ₹19 Cr 120,794 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 5322157% ₹15 Cr 202,926 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5000344% ₹9 Cr 22,130 State Bank of India (Financial Services)
Equity, Since 31 Dec 08 | SBIN4% ₹9 Cr 276,328
↓ -111,804 Sundaram Overnight Dir Gr
Investment Fund | -4% ₹8 Cr 76,800
↑ 76,800 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 28 Feb 18 | 5407163% ₹6 Cr 45,268
↑ 4,787 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5329783% ₹5 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 2018 was -6.8% , 2017 was 43.5% and 2016 was 13% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (19 Nov 19) ₹99.8082 ↑ 0.63 (0.64 %) Net Assets (Cr) ₹644 on 31 Oct 19 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.64 Sharpe Ratio 0.48 Information Ratio -1.82 Alpha Ratio -15.14 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 Oct 14 ₹10,000 31 Oct 15 ₹10,041 31 Oct 16 ₹12,425 31 Oct 17 ₹15,524 31 Oct 18 ₹13,801 31 Oct 19 ₹15,406 Returns for UTI Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 19 Duration Returns 1 Month 7.1% 3 Month 7.9% 6 Month 3.4% 1 Year 10.9% 3 Year 11.7% 5 Year 9.1% 10 Year 15 Year Since launch 15.9% Historical performance (Yearly) on absolute basis
Year Returns 2018 -6.8% 2017 43.5% 2016 13% 2015 -11.3% 2014 64% 2013 -13.5% 2012 58.7% 2011 -32.6% 2010 36.5% 2009 77.7% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Amit Premchandani 2 Jun 14 4.67 Yr. Data below for UTI Banking and Financial Services Fund as on 31 Oct 19
Equity Sector Allocation
Sector Value Financial Services 99.11% Asset Allocation
Asset Class Value Cash 0.89% Equity 99.11% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK20% ₹128 Cr 1,040,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK14% ₹90 Cr 2,075,000
↓ -25,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 53221510% ₹62 Cr 900,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 18 | HDFC8% ₹49 Cr 250,000
↑ 40,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN8% ₹47 Cr 1,750,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK6% ₹37 Cr 270,000
↓ -5,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK4% ₹28 Cr 170,000
↓ -5,000 ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIPRULI3% ₹19 Cr 400,000
↓ -25,000 RBL Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | RBLBANK3% ₹17 Cr 525,000
↑ 25,000 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Jul 14 | M&MFIN3% ₹16 Cr 500,000
↑ 20,000
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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