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Best Financial Mutual Funds 2021
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 21 - 22
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2020 (%) Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹40.93
↓ -0.11 ₹2,183 11.7 31.4 71.1 19 13 1.1 ICICI Prudential Banking and Financial Services Fund Growth ₹89.43
↓ -0.58 ₹5,101 7.8 31.6 68.8 18.4 14.1 -5.5 Invesco India Financial Services Fund Growth ₹83.39
↓ -0.65 ₹382 10.3 30.7 57.1 20.1 16 2.4 UTI Banking and Financial Services Fund Growth ₹124.592
↓ -0.55 ₹750 11.8 27.4 63.7 13.7 10.2 -5.3 Sundaram Financial Services Opportunities Fund Growth ₹63.1289
↑ 0.07 ₹444 11.9 25.6 59.9 22 14.4 2.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Oct 21
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 (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 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 1. Aditya Birla Sun Life Banking And Financial Services Fund
CAGR/Annualized return of 19.7% since its launch. Ranked 3 in Sectoral category. Return for 2020 was 1.1% , 2019 was 14.9% and 2018 was -2.4% . Aditya Birla Sun Life Banking And Financial Services Fund
Growth Launch Date 14 Dec 13 NAV (19 Oct 21) ₹40.93 ↓ -0.11 (-0.27 %) Net Assets (Cr) ₹2,183 on 30 Sep 21 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 2.28 Sharpe Ratio 2.06 Information Ratio -0.73 Alpha Ratio 0.42 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 30 Sep 16 ₹10,000 30 Sep 17 ₹12,590 30 Sep 18 ₹11,685 30 Sep 19 ₹13,158 30 Sep 20 ₹10,208 30 Sep 21 ₹18,149 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 Oct 21 Duration Returns 1 Month 2.8% 3 Month 11.7% 6 Month 31.4% 1 Year 71.1% 3 Year 19% 5 Year 13% 10 Year 15 Year Since launch 19.7% Historical performance (Yearly) on absolute basis
Year Returns 2020 1.1% 2019 14.9% 2018 -2.4% 2017 47.6% 2016 15.7% 2015 -0.5% 2014 65.8% 2013 2012 2011 Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
Name Since Tenure Dhaval Gala 26 Aug 15 6.02 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 92.47% Technology 3.51% Asset Allocation
Asset Class Value Cash 0.85% Equity 99.15% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK14% ₹298 Cr 4,145,821 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK13% ₹291 Cr 1,838,275
↑ 145,050 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN9% ₹201 Cr 4,708,851
↓ -119,234 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000348% ₹171 Cr 227,111
↓ -16,305 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322158% ₹168 Cr 2,130,171 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Nov 15 | 5329785% ₹120 Cr 69,895
↓ -5,751 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 21 | 5407195% ₹102 Cr 852,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 19 | KOTAKBANK4% ₹86 Cr 491,366 Computer Age Management Services Ltd Ordinary Shares (Technology)
Equity, Since 30 Sep 20 | 5432324% ₹77 Cr 201,646
↓ -20,869 Housing Development Finance Corporation Limited (Warrant)
Commercial Deposit, Since 31 Aug 20 | -3% ₹70 Cr 833,400 2. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 18.1% since its launch. Return for 2020 was -5.5% , 2019 was 14.5% and 2018 was -0.4% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (19 Oct 21) ₹89.43 ↓ -0.58 (-0.64 %) Net Assets (Cr) ₹5,101 on 30 Sep 21 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 2.16 Sharpe Ratio 2.18 Information Ratio -0.5 Alpha Ratio 7.38 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 30 Sep 16 ₹10,000 30 Sep 17 ₹12,834 30 Sep 18 ₹11,957 30 Sep 19 ₹13,945 30 Sep 20 ₹10,877 30 Sep 21 ₹18,777 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 Oct 21 Duration Returns 1 Month 3.6% 3 Month 7.8% 6 Month 31.6% 1 Year 68.8% 3 Year 18.4% 5 Year 14.1% 10 Year 15 Year Since launch 18.1% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -31.6% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Priyanka Khandelwal 15 Jun 17 4.22 Yr. Roshan Chutkey 29 Jan 18 3.59 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 95.57% Asset Allocation
Asset Class Value Cash 2.71% Equity 97.29% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK17% ₹881 Cr 5,568,346
↓ -61,552 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK17% ₹862 Cr 11,984,156 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN10% ₹504 Cr 11,830,312 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 53221510% ₹498 Cr 6,326,337 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Mar 21 | HDFC8% ₹394 Cr 1,408,727
↑ 369,664 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jul 19 | 5049734% ₹207 Cr 3,020,729 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Sep 17 | 5407194% ₹186 Cr 1,556,168 Max Financial Services Ltd (Financial Services)
Equity, Since 31 Aug 19 | 5002713% ₹136 Cr 1,253,313 LIC Housing Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | LICHSGFIN2% ₹120 Cr 2,977,141
↓ -31,886 The Federal Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | FEDERALBNK2% ₹117 Cr 14,426,575 3. Invesco India Financial Services Fund
CAGR/Annualized return of 17.3% since its launch. Ranked 5 in Sectoral category. Return for 2020 was 2.4% , 2019 was 21.2% and 2018 was -0.3% . Invesco India Financial Services Fund
Growth Launch Date 14 Jul 08 NAV (19 Oct 21) ₹83.39 ↓ -0.65 (-0.77 %) Net Assets (Cr) ₹382 on 30 Sep 21 Category Equity - Sectoral AMC Invesco Asset Management (India) Private Ltd Rating ☆☆☆☆ Risk High Expense Ratio 2.38 Sharpe Ratio 2.24 Information Ratio -0.54 Alpha Ratio 4.32 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 30 Sep 16 ₹10,000 30 Sep 17 ₹12,897 30 Sep 18 ₹12,536 30 Sep 19 ₹14,720 30 Sep 20 ₹12,554 30 Sep 21 ₹20,389 Returns for Invesco India Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 21 Duration Returns 1 Month 2.9% 3 Month 10.3% 6 Month 30.7% 1 Year 57.1% 3 Year 20.1% 5 Year 16% 10 Year 15 Year Since launch 17.3% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -29.9% Fund Manager information for Invesco India Financial Services Fund
Name Since Tenure Dhimant Kothari 1 Jun 18 3.25 Yr. Hiten Jain 19 May 20 1.29 Yr. Data below for Invesco India Financial Services Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 98.44% Asset Allocation
Asset Class Value Cash 1.56% Equity 98.44% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jul 08 | HDFCBANK23% ₹85 Cr 534,918
↑ 5,990 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 09 | ICICIBANK16% ₹59 Cr 826,659 Axis Bank Ltd (Financial Services)
Equity, Since 31 May 18 | 5322159% ₹34 Cr 432,791
↑ 5,072 State Bank of India (Financial Services)
Equity, Since 31 Aug 20 | SBIN6% ₹23 Cr 548,818
↑ 8,783 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 17 | KOTAKBANK6% ₹21 Cr 121,367 UTI Asset Management Co Ltd (Financial Services)
Equity, Since 31 Oct 20 | 5432384% ₹16 Cr 130,846 Angel Broking Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 20 | 5432354% ₹13 Cr 108,592 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Mar 20 | 5407194% ₹13 Cr 109,718
↑ 7,921 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Apr 20 | 5430663% ₹11 Cr 100,470
↑ 8,934 IIFL Wealth Management Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Jun 21 | 5427722% ₹9 Cr 54,525 4. UTI Banking and Financial Services Fund
CAGR/Annualized return of 15.5% since its launch. Ranked 20 in Sectoral category. Return for 2020 was -5.3% , 2019 was 11.6% and 2018 was -6.8% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (19 Oct 21) ₹124.592 ↓ -0.55 (-0.44 %) Net Assets (Cr) ₹750 on 30 Sep 21 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.75 Sharpe Ratio 2.09 Information Ratio -1.55 Alpha Ratio 0.78 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 30 Sep 16 ₹10,000 30 Sep 17 ₹12,378 30 Sep 18 ₹11,442 30 Sep 19 ₹12,325 30 Sep 20 ₹9,089 30 Sep 21 ₹15,667 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 Oct 21 Duration Returns 1 Month 3.3% 3 Month 11.8% 6 Month 27.4% 1 Year 63.7% 3 Year 13.7% 5 Year 10.2% 10 Year 15 Year Since launch 15.5% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -32.6% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Amit Premchandani 2 Jun 14 7.25 Yr. Data below for UTI Banking and Financial Services Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 97.79% Technology 1.28% Asset Allocation
Asset Class Value Cash 0.93% Equity 99.07% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK22% ₹166 Cr 1,050,000 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK17% ₹126 Cr 1,750,000
↓ -75,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 53221510% ₹72 Cr 920,000
↓ -10,000 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN9% ₹68 Cr 1,600,000
↓ -50,000 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 May 18 | HDFC6% ₹48 Cr 170,000
↓ -4,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | KOTAKBANK5% ₹40 Cr 230,000
↓ -10,000 SBI Life Insurance Company Limited (Financial Services)
Equity, Since 30 Apr 20 | 5407193% ₹24 Cr 200,000
↓ -25,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | INDUSINDBK3% ₹20 Cr 200,000
↑ 25,000 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5407163% ₹19 Cr 120,000 RBL Bank Ltd (Financial Services)
Equity, Since 30 Sep 18 | RBLBANK2% ₹18 Cr 1,100,000
↑ 100,000 5. Sundaram Financial Services Opportunities Fund
CAGR/Annualized return of 14.8% since its launch. Ranked 23 in Sectoral category. Return for 2020 was 2.7% , 2019 was 26.4% and 2018 was -3.7% . Sundaram Financial Services Opportunities Fund
Growth Launch Date 10 Jun 08 NAV (19 Oct 21) ₹63.1289 ↑ 0.07 (0.11 %) Net Assets (Cr) ₹444 on 30 Sep 21 Category Equity - Sectoral AMC Sundaram Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.63 Sharpe Ratio 2.07 Information Ratio -0.37 Alpha Ratio 0.11 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 30 Sep 16 ₹10,000 30 Sep 17 ₹11,822 30 Sep 18 ₹11,199 30 Sep 19 ₹13,738 30 Sep 20 ₹11,272 30 Sep 21 ₹19,016 Returns for Sundaram Financial Services Opportunities Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Oct 21 Duration Returns 1 Month 3.8% 3 Month 11.9% 6 Month 25.6% 1 Year 59.9% 3 Year 22% 5 Year 14.4% 10 Year 15 Year Since launch 14.8% Historical performance (Yearly) on absolute basis
Year Returns 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% 2011 -32.9% Fund Manager information for Sundaram Financial Services Opportunities Fund
Name Since Tenure Ratish Varier 23 Jul 20 1.11 Yr. Rahul Baijal 1 Apr 19 2.42 Yr. Data below for Sundaram Financial Services Opportunities Fund as on 30 Sep 21
Equity Sector Allocation
Sector Value Financial Services 96.14% Asset Allocation
Asset Class Value Cash 3.86% Equity 96.14% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 08 | HDFCBANK22% ₹94 Cr 592,354
↑ 53,203 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Jun 10 | ICICIBANK15% ₹64 Cr 886,497 Housing Development Finance Corp Ltd (Financial Services)
Equity, Since 31 Jul 18 | HDFC11% ₹45 Cr 161,518 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 10 | 5322159% ₹37 Cr 466,660 State Bank of India (Financial Services)
Equity, Since 31 Dec 08 | SBIN8% ₹33 Cr 782,092 Bajaj Finserv Ltd (Financial Services)
Equity, Since 31 Aug 18 | 5329787% ₹31 Cr 17,895 CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Jun 20 | 5428674% ₹15 Cr 517,173 Home First Finance Co India Ltd Ordinary Shares (Financial Services)
Equity, Since 28 Feb 21 | 5432593% ₹11 Cr 198,851 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | KOTAKBANK3% ₹11 Cr 62,105 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Apr 21 | 5406112% ₹8 Cr 70,067
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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