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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 (%) 2019 (%) ICICI Prudential Banking and Financial Services Fund Growth ₹48.45
↑ 1.20 ₹2,836 1.5 22.2 -23.7 -6.2 6 14.5 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹21.68
↑ 0.54 ₹1,573 -0.5 20.3 -24.4 -7.4 6.2 14.9 Invesco India Financial Services Fund Growth ₹47.93
↑ 0.88 ₹201 1.2 16.7 -17.1 -1.8 7.9 21.2 Sundaram Financial Services Opportunities Fund Growth ₹34.8539
↑ 0.77 ₹225 -1.1 14.5 -20.6 -2.6 5.1 26.4 UTI Banking and Financial Services Fund Growth ₹67.3205
↑ 1.45 ₹513 -1.8 15.9 -29.7 -10.6 1.3 11.6 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 25 Sep 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.
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 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 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. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 13.9% 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 (25 Sep 20) ₹48.45 ↑ 1.20 (2.54 %) Net Assets (Cr) ₹2,836 on 31 Aug 20 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.22 Sharpe Ratio -0.13 Information Ratio -1.15 Alpha Ratio -0.99 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 Aug 15 ₹10,000 31 Aug 16 ₹12,657 31 Aug 17 ₹16,581 31 Aug 18 ₹17,589 31 Aug 19 ₹16,775 31 Aug 20 ₹14,658 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 25 Sep 20 Duration Returns 1 Month -8.1% 3 Month 1.5% 6 Month 22.2% 1 Year -23.7% 3 Year -6.2% 5 Year 6% 10 Year 15 Year Since launch 13.9% Historical performance (Yearly) on absolute basis
Year Returns 2019 14.5% 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% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Priyanka Khandelwal 15 Jun 17 3.21 Yr. Roshan Chutkey 29 Jan 18 2.59 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 31 Aug 20
Equity Sector Allocation
Sector Value Financial Services 91.51% Asset Allocation
Asset Class Value Cash 5.55% Equity 94.45% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK15% ₹422 Cr 3,785,144 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK14% ₹396 Cr 10,038,014 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322158% ₹216 Cr 4,351,285 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN6% ₹178 Cr 8,405,652
↑ 1,077,647 Motilal Oswal Financial Services Ltd (Financial Services)
Equity, Since 30 Nov 19 | 5328924% ₹127 Cr 1,863,579
↓ -55,806 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jul 19 | 5049734% ₹110 Cr 2,508,767 Muthoot Finance Ltd (Financial Services)
Equity, Since 30 Apr 14 | 5333984% ₹102 Cr 891,799
↓ -87,735 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407193% ₹97 Cr 1,175,183
↑ 39,343 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Aug 19 | 5002713% ₹82 Cr 1,387,201 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | FEDERALBNK3% ₹80 Cr 14,426,575 2. Aditya Birla Sun Life Banking And Financial Services Fund
CAGR/Annualized return of 12.1% 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 (25 Sep 20) ₹21.68 ↑ 0.54 (2.55 %) Net Assets (Cr) ₹1,573 on 31 Aug 20 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.35 Sharpe Ratio -0.13 Information Ratio -1.06 Alpha Ratio -0.93 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 Aug 15 ₹10,000 31 Aug 16 ₹13,706 31 Aug 17 ₹17,120 31 Aug 18 ₹18,957 31 Aug 19 ₹16,797 31 Aug 20 ₹14,823 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 25 Sep 20 Duration Returns 1 Month -8.4% 3 Month -0.5% 6 Month 20.3% 1 Year -24.4% 3 Year -7.4% 5 Year 6.2% 10 Year 15 Year Since launch 12.1% Historical performance (Yearly) on absolute basis
Year Returns 2019 14.9% 2018 -2.4% 2017 47.6% 2016 15.7% 2015 -0.5% 2014 65.8% 2013 2012 2011 2010 Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
Name Since Tenure Dhaval Gala 26 Aug 15 5.02 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 31 Aug 20
Equity Sector Allocation
Sector Value Financial Services 94.93% Asset Allocation
Asset Class Value Cash 3.31% Equity 96.69% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK14% ₹220 Cr 5,578,748
↑ 391,384 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | KOTAKBANK10% ₹161 Cr 1,145,580 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK10% ₹160 Cr 1,429,610
↓ -125,000 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322158% ₹129 Cr 2,597,623
↑ 356,025 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000348% ₹128 Cr 365,719
↓ -40,000 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | 5407167% ₹103 Cr 817,361
↓ -37,124 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Nov 15 | 5329785% ₹77 Cr 124,879 Bandhan Bank Ltd (Financial Services)
Equity, Since 30 Apr 18 | 5411535% ₹73 Cr 2,393,013 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Aug 19 | 5407773% ₹51 Cr 886,485
↓ -400,000 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN3% ₹50 Cr 2,337,304
↑ 545,706 3. Invesco India Financial Services Fund
CAGR/Annualized return of 13.7% 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 (25 Sep 20) ₹47.93 ↑ 0.88 (1.87 %) Net Assets (Cr) ₹201 on 31 Aug 20 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆☆ Risk High Expense Ratio 2.6 Sharpe Ratio -0.08 Information Ratio -1.02 Alpha Ratio 1.15 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 Aug 15 ₹10,000 31 Aug 16 ₹12,088 31 Aug 17 ₹15,654 31 Aug 18 ₹17,141 31 Aug 19 ₹16,815 31 Aug 20 ₹15,771 Returns for Invesco India Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20 Duration Returns 1 Month -6.4% 3 Month 1.2% 6 Month 16.7% 1 Year -17.1% 3 Year -1.8% 5 Year 7.9% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2019 21.2% 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% Fund Manager information for Invesco India Financial Services Fund
Name Since Tenure Dhimant Kothari 1 Jun 18 2.25 Yr. Hiten Jain 19 May 20 0.29 Yr. Data below for Invesco India Financial Services Fund as on 31 Aug 20
Equity Sector Allocation
Sector Value Financial Services 98.76% Asset Allocation
Asset Class Value Cash 1.24% Equity 98.76% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK27% ₹54 Cr 479,837 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK14% ₹28 Cr 714,386 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK11% ₹22 Cr 155,851 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322158% ₹15 Cr 304,083 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Dec 17 | HDFC7% ₹15 Cr 81,609
↓ -17,718 Central Depository Services (India) Ltd (Financial Services)
Equity, Since 31 May 18 | CDSL4% ₹7 Cr 182,697 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 5430663% ₹7 Cr 87,143 Muthoot Finance Ltd (Financial Services)
Equity, Since 31 Dec 19 | 5333983% ₹7 Cr 59,033 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Mar 20 | 5407193% ₹6 Cr 72,082 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407163% ₹6 Cr 47,047 4. Sundaram Financial Services Opportunities Fund
CAGR/Annualized return of 10.7% 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 (25 Sep 20) ₹34.8539 ↑ 0.77 (2.26 %) Net Assets (Cr) ₹225 on 31 Aug 20 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.85 Sharpe Ratio -0.09 Information Ratio -1.22 Alpha Ratio 0.64 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 Aug 15 ₹10,000 31 Aug 16 ₹11,949 31 Aug 17 ₹14,047 31 Aug 18 ₹15,052 31 Aug 19 ₹15,199 31 Aug 20 ₹14,085 Returns for Sundaram Financial Services Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20 Duration Returns 1 Month -8.5% 3 Month -1.1% 6 Month 14.5% 1 Year -20.6% 3 Year -2.6% 5 Year 5.1% 10 Year 15 Year Since launch 10.7% Historical performance (Yearly) on absolute basis
Year Returns 2019 26.4% 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% Fund Manager information for Sundaram Financial Services Opportunities Fund
Name Since Tenure Dwijendra Srivastava 30 Dec 17 2.67 Yr. Ratish Varier 23 Jul 20 0.11 Yr. Rahul Baijal 1 Apr 19 1.42 Yr. Data below for Sundaram Financial Services Opportunities Fund as on 31 Aug 20
Equity Sector Allocation
Sector Value Financial Services 97.57% Asset Allocation
Asset Class Value Cash 2.43% Equity 97.57% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK23% ₹52 Cr 464,912 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC15% ₹34 Cr 185,907
↑ 5,700 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | ICICIBANK14% ₹31 Cr 787,588 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 5322158% ₹17 Cr 347,482
↑ 24,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK6% ₹13 Cr 94,180 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 30 Sep 19 | M&MFIN4% ₹10 Cr 715,122
↑ 357,561 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 29 Feb 20 | CHOLAFIN3% ₹7 Cr 316,141 State Bank of India (Financial Services)
Equity, Since 31 Dec 08 | SBIN3% ₹7 Cr 307,327 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | 5407193% ₹6 Cr 75,822 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5329783% ₹6 Cr 9,946 5. UTI Banking and Financial Services Fund
CAGR/Annualized return of 12.3% 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 (25 Sep 20) ₹67.3205 ↑ 1.45 (2.21 %) Net Assets (Cr) ₹513 on 31 Aug 20 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.64 Sharpe Ratio -0.25 Information Ratio -1.66 Alpha Ratio -6.72 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 Aug 15 ₹10,000 31 Aug 16 ₹12,191 31 Aug 17 ₹15,222 31 Aug 18 ₹16,489 31 Aug 19 ₹14,423 31 Aug 20 ₹11,950 Returns for UTI Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 25 Sep 20 Duration Returns 1 Month -9.3% 3 Month -1.8% 6 Month 15.9% 1 Year -29.7% 3 Year -10.6% 5 Year 1.3% 10 Year 15 Year Since launch 12.3% Historical performance (Yearly) on absolute basis
Year Returns 2019 11.6% 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% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Amit Premchandani 2 Jun 14 6.25 Yr. Data below for UTI Banking and Financial Services Fund as on 31 Aug 20
Equity Sector Allocation
Sector Value Financial Services 97.02% Asset Allocation
Asset Class Value Cash 1.91% Equity 98.09% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK22% ₹114 Cr 1,025,000
↑ 25,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK14% ₹71 Cr 1,790,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 53221510% ₹52 Cr 1,050,000
↑ 40,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 18 | HDFC9% ₹46 Cr 250,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN8% ₹41 Cr 1,950,000
↑ 50,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK6% ₹32 Cr 230,000 ICICI Prudential Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5401333% ₹17 Cr 400,000
↑ 10,000 RBL Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | RBLBANK3% ₹16 Cr 820,000
↓ -20,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK3% ₹13 Cr 210,000
↓ -15,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 19 | 5000342% ₹12 Cr 35,000
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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