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Best Financial Mutual Funds 2022
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 22 - 23
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2021 (%) Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹38.97
↑ 0.33 ₹2,004 16.1 2.3 3.9 12 7.5 16.8 ICICI Prudential Banking and Financial Services Fund Growth ₹86.37
↑ 0.60 ₹4,745 15.5 3.6 3.8 11.7 7.8 23.5 Invesco India Financial Services Fund Growth ₹78.44
↑ 0.65 ₹390 15.4 2.8 1.9 12.6 9.1 14 Sundaram Financial Services Opportunities Fund Growth ₹61.8952
↑ 0.40 ₹498 17.9 4.8 6.3 14.2 10 15.3 UTI Banking and Financial Services Fund Growth ₹120.775
↑ 0.73 ₹675 17.5 4 5.7 9.3 5 14.3 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 16 Aug 22
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 17% since its launch. Ranked 3 in Sectoral category. Return for 2021 was 16.8% , 2020 was 1.1% and 2019 was 14.9% . Aditya Birla Sun Life Banking And Financial Services Fund
Growth Launch Date 14 Dec 13 NAV (16 Aug 22) ₹38.97 ↑ 0.33 (0.85 %) Net Assets (Cr) ₹2,004 on 30 Jun 22 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.28 Sharpe Ratio -0.73 Information Ratio -0.34 Alpha Ratio -4.33 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 Jul 17 ₹10,000 31 Jul 18 ₹10,878 31 Jul 19 ₹10,058 31 Jul 20 ₹8,053 31 Jul 21 ₹13,248 31 Jul 22 ₹13,447 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 16 Aug 22 Duration Returns 1 Month 13% 3 Month 16.1% 6 Month 2.3% 1 Year 3.9% 3 Year 12% 5 Year 7.5% 10 Year 15 Year Since launch 17% Historical performance (Yearly) on absolute basis
Year Returns 2021 16.8% 2020 1.1% 2019 14.9% 2018 -2.4% 2017 47.6% 2016 15.7% 2015 -0.5% 2014 65.8% 2013 2012 Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
Name Since Tenure Dhaval Gala 26 Aug 15 6.93 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 94.1% Technology 1.46% Asset Allocation
Asset Class Value Cash 2.82% Equity 97.18% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK17% ₹334 Cr 4,715,975
↑ 267,154 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK15% ₹295 Cr 2,189,536 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN8% ₹151 Cr 3,251,492 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322157% ₹132 Cr 2,072,499
↑ 307,434 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000346% ₹113 Cr 209,611 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Aug 19 | HDFC4% ₹81 Cr 373,254 Bandhan Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | 5411534% ₹78 Cr 2,945,652 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | SBILIFE4% ₹72 Cr 668,179 Bank of Baroda (Financial Services)
Equity, Since 31 Mar 21 | 5321343% ₹69 Cr 7,082,745 Poonawalla Fincorp Ltd (Financial Services)
Equity, Since 31 May 21 | POONAWALLA3% ₹68 Cr 3,000,000 2. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 16.7% since its launch. Return for 2021 was 23.5% , 2020 was -5.5% and 2019 was 14.5% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (16 Aug 22) ₹86.37 ↑ 0.60 (0.70 %) Net Assets (Cr) ₹4,745 on 30 Jun 22 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.16 Sharpe Ratio -0.67 Information Ratio -0.25 Alpha Ratio -3.6 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 17 ₹10,000 31 Jul 18 ₹10,185 31 Jul 19 ₹10,362 31 Jul 20 ₹8,037 31 Jul 21 ₹13,393 31 Jul 22 ₹13,662 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 16 Aug 22 Duration Returns 1 Month 10.5% 3 Month 15.5% 6 Month 3.6% 1 Year 3.8% 3 Year 11.7% 5 Year 7.8% 10 Year 15 Year Since launch 16.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 23.5% 2020 -5.5% 2019 14.5% 2018 -0.4% 2017 45.1% 2016 21.1% 2015 -7.2% 2014 69% 2013 -2.6% 2012 72.2% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Priyanka Khandelwal 15 Jun 17 5.13 Yr. Roshan Chutkey 29 Jan 18 4.5 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 94.05% Asset Allocation
Asset Class Value Cash 5.08% Equity 94.92% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK18% ₹856 Cr 12,110,393
↑ 416,368 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK16% ₹774 Cr 5,739,507
↓ -352,784 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN8% ₹370 Cr 7,934,530
↓ -530,578 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE6% ₹272 Cr 2,511,239
↓ -43,991 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322155% ₹255 Cr 4,000,000
↓ -789,695 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFC5% ₹235 Cr 1,082,301 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Oct 21 | SBICARD4% ₹193 Cr 2,505,826 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jul 19 | CHOLAHLDNG4% ₹174 Cr 2,926,033 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | FEDERALBNK3% ₹144 Cr 16,019,674
↑ 212,360 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIGI3% ₹120 Cr 1,070,750
↑ 186,107 3. Invesco India Financial Services Fund
CAGR/Annualized return of 15.7% since its launch. Ranked 5 in Sectoral category. Return for 2021 was 14% , 2020 was 2.4% and 2019 was 21.2% . Invesco India Financial Services Fund
Growth Launch Date 14 Jul 08 NAV (16 Aug 22) ₹78.44 ↑ 0.65 (0.84 %) Net Assets (Cr) ₹390 on 30 Jun 22 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆☆ Risk High Expense Ratio 2.38 Sharpe Ratio -0.81 Information Ratio -0.26 Alpha Ratio -5.35 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 17 ₹10,000 31 Jul 18 ₹10,610 31 Jul 19 ₹10,722 31 Jul 20 ₹9,361 31 Jul 21 ₹14,432 31 Jul 22 ₹14,501 Returns for Invesco India Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 22 Duration Returns 1 Month 13.1% 3 Month 15.4% 6 Month 2.8% 1 Year 1.9% 3 Year 12.6% 5 Year 9.1% 10 Year 15 Year Since launch 15.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 14% 2020 2.4% 2019 21.2% 2018 -0.3% 2017 45.2% 2016 10.4% 2015 -2.1% 2014 55.8% 2013 -9.5% 2012 58.1% Fund Manager information for Invesco India Financial Services Fund
Name Since Tenure Dhimant Kothari 1 Jun 18 4.17 Yr. Hiten Jain 19 May 20 2.2 Yr. Data below for Invesco India Financial Services Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 97.61% Asset Allocation
Asset Class Value Cash 2.39% Equity 97.61% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK19% ₹73 Cr 1,034,435
↑ 24,432 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK17% ₹67 Cr 500,244
↓ -60,704 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN9% ₹35 Cr 744,891
↑ 36,407 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322158% ₹31 Cr 490,182 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK5% ₹21 Cr 126,305
↓ -11,502 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 20 | SBILIFE3% ₹14 Cr 126,060
↑ 17,058 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 21 | 5000343% ₹14 Cr 25,199 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | SBICARD3% ₹12 Cr 157,199
↑ 72,486 IIFL Wealth Management Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Jun 21 | IIFLWAM3% ₹11 Cr 77,297 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 31 Jul 17 | CHOLAFIN3% ₹10 Cr 161,476 4. Sundaram Financial Services Opportunities Fund
CAGR/Annualized return of 13.7% since its launch. Ranked 23 in Sectoral category. Return for 2021 was 15.3% , 2020 was 2.7% and 2019 was 26.4% . Sundaram Financial Services Opportunities Fund
Growth Launch Date 10 Jun 08 NAV (16 Aug 22) ₹61.8952 ↑ 0.40 (0.65 %) Net Assets (Cr) ₹498 on 30 Jun 22 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.63 Sharpe Ratio -0.63 Information Ratio 0.16 Alpha Ratio -2.15 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 Jul 17 ₹10,000 31 Jul 18 ₹10,228 31 Jul 19 ₹10,644 31 Jul 20 ₹9,055 31 Jul 21 ₹14,279 31 Jul 22 ₹15,061 Returns for Sundaram Financial Services Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 22 Duration Returns 1 Month 13% 3 Month 17.9% 6 Month 4.8% 1 Year 6.3% 3 Year 14.2% 5 Year 10% 10 Year 15 Year Since launch 13.7% Historical performance (Yearly) on absolute basis
Year Returns 2021 15.3% 2020 2.7% 2019 26.4% 2018 -3.7% 2017 33.3% 2016 12.8% 2015 -9% 2014 58% 2013 -12.4% 2012 47.1% Fund Manager information for Sundaram Financial Services Opportunities Fund
Name Since Tenure Rohit Seksaria 30 Dec 17 4.59 Yr. Ashish Aggarwal 1 Jan 22 0.58 Yr. Data below for Sundaram Financial Services Opportunities Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 96.32% Asset Allocation
Asset Class Value Cash 3.68% Equity 96.32% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | ICICIBANK18% ₹91 Cr 1,288,219
↑ 24,003 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK16% ₹77 Cr 574,001
↓ -113,120 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC10% ₹50 Cr 229,306
↑ 70,896 State Bank of India (Financial Services)
Equity, Since 31 Dec 08 | SBIN10% ₹49 Cr 1,051,414
↑ 36,018 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 5322158% ₹40 Cr 628,945
↑ 17,792 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Jul 18 | 5000344% ₹19 Cr 35,505 Bank of Baroda (Financial Services)
Equity, Since 28 Feb 22 | 5321343% ₹14 Cr 1,482,958 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Jun 20 | INDUSINDBK3% ₹14 Cr 176,451 Cholamandalam Investment and Finance Co Ltd (Financial Services)
Equity, Since 29 Feb 20 | CHOLAFIN3% ₹13 Cr 212,440 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5329782% ₹11 Cr 10,365 5. UTI Banking and Financial Services Fund
CAGR/Annualized return of 14.5% since its launch. Ranked 20 in Sectoral category. Return for 2021 was 14.3% , 2020 was -5.3% and 2019 was 11.6% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (16 Aug 22) ₹120.775 ↑ 0.73 (0.61 %) Net Assets (Cr) ₹675 on 30 Jun 22 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.75 Sharpe Ratio -0.71 Information Ratio -0.95 Alpha Ratio -3.49 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 17 ₹10,000 31 Jul 18 ₹10,480 31 Jul 19 ₹9,700 31 Jul 20 ₹7,170 31 Jul 21 ₹11,410 31 Jul 22 ₹11,959 Returns for UTI Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 16 Aug 22 Duration Returns 1 Month 13.7% 3 Month 17.5% 6 Month 4% 1 Year 5.7% 3 Year 9.3% 5 Year 5% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 2021 14.3% 2020 -5.3% 2019 11.6% 2018 -6.8% 2017 43.5% 2016 13% 2015 -11.3% 2014 64% 2013 -13.5% 2012 58.7% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Amit Premchandani 2 Jun 14 8.17 Yr. Preethi S 2 May 22 0.25 Yr. Data below for UTI Banking and Financial Services Fund as on 30 Jun 22
Equity Sector Allocation
Sector Value Financial Services 96.9% Technology 0.75% Asset Allocation
Asset Class Value Cash 2.35% Equity 97.65% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK21% ₹139 Cr 1,030,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK18% ₹124 Cr 1,760,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN10% ₹65 Cr 1,400,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 5322159% ₹59 Cr 920,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 18 | HDFC7% ₹46 Cr 210,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK5% ₹32 Cr 190,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 20 | SBILIFE3% ₹22 Cr 200,000 ICICI Prudential Life Insurance Company Limited (Financial Services)
Equity, Since 31 Oct 18 | 5401333% ₹17 Cr 350,000
↓ -25,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK2% ₹16 Cr 200,000
↑ 10,000 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | ICICIGI2% ₹14 Cr 125,000
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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