Fincash » Mutual Funds » Best Banking & Financial Services Funds
Table of Contents
- Indian Banking Sector — Overview
- Top 7 Banking & Finance Mutual Funds to Invest in India
- How to Invest in Banking & Finance Mutual Funds?
Top 7 Equity - Sectoral Funds
- UTI Banking and Financial Services Fund
- TATA Banking and Financial Services Fund
- SBI Banking & Financial Services Fund
- ICICI Prudential Banking and Financial Services Fund
- Baroda Pioneer Banking And Financial Services Fund
- LIC MF Banking & Financial Services Fund
- Aditya Birla Sun Life Banking And Financial Services Fund
Top 7 Best Performing Banking & Financial Services Funds 2023
Banking and financial services sector funds are a type of equity sector funds that primarily invest in companies that cater to the banking and financial services. Over the last one year, banking sector funds have performed very strongly in the Market. In last 6 months, some of the top banking sector Mutual Funds have given an Average Return of 27 percent - 31 percent. Such high returns are always tempting and many investors flock towards Investing in such funds.
Ideally, an investor who has an experience of equities and also a good knowledge in the banking sector should only invest in these funds. To make your investing process easy, we have listed down India’s top performing baking sector funds.
Indian Banking Sector — Overview
The Indian banking system consists of 27 public sector banks, 26 private sector banks, 56 regional rural banks, 46 foreign banks, 93,913 rural cooperative banks and 1,574 urban cooperative banks, in addition to cooperative credit institutions. Some of the major players in this sector are— HDFC Bank, State Bank of India, ICICI Bank Limited, Yes Bank, etc. Public sector banks control more than 70 per cent of the banking system assets, thereby leaving a comparatively smaller share for its private peers.
Though, there are many promising and leading companies in this sector, investors should not forget that sector Equity Funds are the riskiest amongst all the equity funds. Thus, experienced investors with a high-risk appetite and who wants to invest for a long-term, should ideally should consider investing in funds below.
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Top 7 Banking & Finance Mutual Funds to Invest in India
Fund NAV Net Assets (Cr) 3 MO (%) 6 MO (%) 1 YR (%) 3 YR (%) 5 YR (%) 2023 (%) UTI Banking and Financial Services Fund Growth ₹169.091
↑ 0.67 ₹1,159 0.7 7.3 22 11.6 11.1 19.5 TATA Banking and Financial Services Fund Growth ₹38.2831
↑ 0.21 ₹2,374 1.4 8.5 17.1 12.9 13.1 22 SBI Banking & Financial Services Fund Growth ₹37.4237
↑ 0.17 ₹6,457 1.7 8.7 29.1 13.8 13.7 18.6 ICICI Prudential Banking and Financial Services Fund Growth ₹119.88
↑ 0.30 ₹8,850 1 9.1 20.3 11.5 12 17.9 Baroda Pioneer Banking And Financial Services Fund Growth ₹42.9867
↑ 0.19 ₹192 3.1 7.7 24.4 12.9 11.2 20.5 LIC MF Banking & Financial Services Fund Growth ₹19.0541
↑ 0.15 ₹261 -1.7 1.9 9.3 10.1 10 20.5 Aditya Birla Sun Life Banking And Financial Services Fund Growth ₹54.66
↑ 0.23 ₹3,264 -0.5 5.7 16 11 12.4 21.7 Note: Returns up to 1 year are on absolute basis & more than 1 year are on CAGR basis. as on 19 Nov 24 Banking & Financial Services mutual funds having AUM/Net Assets higher than 100 Crore.
(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 The investment objective of the scheme is to seek long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India. TATA Banking and Financial Services Fund is a Equity - Sectoral fund was launched on 28 Dec 15. It is a fund with High risk and has given a Below is the key information for TATA Banking and Financial Services Fund Returns up to 1 year are on The 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. However, there can be no assurance that the investment objective of the Scheme will be realized. SBI Banking & Financial Services Fund is a Equity - Sectoral fund was launched on 26 Feb 15. It is a fund with High risk and has given a Below is the key information for SBI Banking & 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 The investment objective is to generate long-term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector. Baroda Pioneer Banking And Financial Services Fund is a Equity - Sectoral fund was launched on 22 Jun 12. It is a fund with High risk and has given a Below is the key information for Baroda Pioneer Banking And Financial Services Fund Returns up to 1 year are on The investment objective of the scheme is to generate long-term capital appreciation for unit holders from a portfolio that is invested substantially in equity and equity related securities of companies engaged in banking & financial services sector. However, there can be no assurance that the investment objective of the Scheme will be realised. LIC MF Banking & Financial Services Fund is a Equity - Sectoral fund was launched on 27 Mar 15. It is a fund with High risk and has given a Below is the key information for LIC MF Banking & 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 1. UTI Banking and Financial Services Fund
CAGR/Annualized return of 14.7% since its launch. Ranked 20 in Sectoral category. Return for 2023 was 19.5% , 2022 was 15.1% and 2021 was 14.3% . UTI Banking and Financial Services Fund
Growth Launch Date 7 Apr 04 NAV (19 Nov 24) ₹169.091 ↑ 0.67 (0.40 %) Net Assets (Cr) ₹1,159 on 31 Oct 24 Category Equity - Sectoral AMC UTI Asset Management Company Ltd Rating ☆☆☆ Risk High Expense Ratio 2.28 Sharpe Ratio 1.58 Information Ratio 0.64 Alpha Ratio 6.65 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 19 ₹10,000 31 Oct 20 ₹7,735 31 Oct 21 ₹12,726 31 Oct 22 ₹12,967 31 Oct 23 ₹14,025 31 Oct 24 ₹18,207 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 24 Duration Returns 1 Month -4.2% 3 Month 0.7% 6 Month 7.3% 1 Year 22% 3 Year 11.6% 5 Year 11.1% 10 Year 15 Year Since launch 14.7% Historical performance (Yearly) on absolute basis
Year Returns 2023 19.5% 2022 15.1% 2021 14.3% 2020 -5.3% 2019 11.6% 2018 -6.8% 2017 43.5% 2016 13% 2015 -11.3% 2014 64% Fund Manager information for UTI Banking and Financial Services Fund
Name Since Tenure Preethi S 2 May 22 2.5 Yr. Data below for UTI Banking and Financial Services Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 96.99% Technology 1.95% Asset Allocation
Asset Class Value Cash 0.68% Equity 98.94% Debt 0.38% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 04 | ICICIBANK16% ₹187 Cr 1,445,000
↑ 150,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Mar 09 | HDFCBANK15% ₹175 Cr 1,005,927
↓ -70,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Jun 18 | 5322156% ₹72 Cr 620,000
↑ 300,000 Shriram Finance Ltd (Financial Services)
Equity, Since 31 Jan 24 | SHRIRAMFIN5% ₹62 Cr 196,736
↑ 22,600 State Bank of India (Financial Services)
Equity, Since 28 Feb 18 | SBIN5% ₹62 Cr 750,000 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jul 24 | HDFCLIFE4% ₹50 Cr 697,890
↑ 5,000 India Shelter Finance Corporation Ltd (Financial Services)
Equity, Since 31 Dec 23 | INDIASHLTR4% ₹48 Cr 714,617 REC Ltd (Financial Services)
Equity, Since 30 Nov 23 | 5329554% ₹44 Cr 832,500
↑ 150,500 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Dec 18 | 5900034% ₹42 Cr 1,876,541
↑ 66,716 Max Financial Services Ltd (Financial Services)
Equity, Since 30 Sep 22 | 5002713% ₹40 Cr 314,018 2. TATA Banking and Financial Services Fund
CAGR/Annualized return of 16.3% since its launch. Return for 2023 was 22% , 2022 was 16.9% and 2021 was 11.9% . TATA Banking and Financial Services Fund
Growth Launch Date 28 Dec 15 NAV (19 Nov 24) ₹38.2831 ↑ 0.21 (0.55 %) Net Assets (Cr) ₹2,374 on 31 Oct 24 Category Equity - Sectoral AMC Tata Asset Management Limited Rating Risk High Expense Ratio 0 Sharpe Ratio 1.2 Information Ratio 0.76 Alpha Ratio 0.54 Min Investment 5,000 Min SIP Investment 150 Exit Load 0-3 Months (0.25%),3 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹8,814 31 Oct 21 ₹13,380 31 Oct 22 ₹13,611 31 Oct 23 ₹15,635 31 Oct 24 ₹19,524 Returns for TATA Banking and Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month -4.3% 3 Month 1.4% 6 Month 8.5% 1 Year 17.1% 3 Year 12.9% 5 Year 13.1% 10 Year 15 Year Since launch 16.3% Historical performance (Yearly) on absolute basis
Year Returns 2023 22% 2022 16.9% 2021 11.9% 2020 2.7% 2019 25.7% 2018 -0.1% 2017 45% 2016 17.8% 2015 2014 Fund Manager information for TATA Banking and Financial Services Fund
Name Since Tenure Amey Sathe 14 Oct 21 3.05 Yr. Data below for TATA Banking and Financial Services Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 97.53% Asset Allocation
Asset Class Value Cash 2.47% Equity 97.53% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | HDFCBANK22% ₹527 Cr 3,040,000
↑ 100,000 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | ICICIBANK9% ₹212 Cr 1,665,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 18 | 5322158% ₹197 Cr 1,600,000
↑ 320,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 16 | KOTAKBANK6% ₹138 Cr 745,000 State Bank of India (Financial Services)
Equity, Since 30 Nov 20 | SBIN3% ₹78 Cr 990,000 PNB Housing Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | PNBHOUSING3% ₹74 Cr 750,000
↓ -65,709 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Jun 19 | ICICIGI3% ₹65 Cr 300,000 SBI Cards and Payment Services Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Mar 20 | SBICARD3% ₹63 Cr 810,000
↑ 110,000 IndusInd Bank Ltd (Financial Services)
Equity, Since 31 Jan 22 | INDUSINDBK3% ₹61 Cr 420,000
↑ 20,000 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 31 Jul 19 | HDFCLIFE2% ₹57 Cr 800,000 3. SBI Banking & Financial Services Fund
CAGR/Annualized return of 14.5% since its launch. Return for 2023 was 18.6% , 2022 was 13.5% and 2021 was 12.1% . SBI Banking & Financial Services Fund
Growth Launch Date 26 Feb 15 NAV (19 Nov 24) ₹37.4237 ↑ 0.17 (0.46 %) Net Assets (Cr) ₹6,457 on 31 Oct 24 Category Equity - Sectoral AMC SBI Funds Management Private Limited Rating Risk High Expense Ratio 1.91 Sharpe Ratio 2.44 Information Ratio 0.66 Alpha Ratio 14.23 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-12 Months (1%),12 Months and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹8,827 31 Oct 21 ₹13,783 31 Oct 22 ₹13,822 31 Oct 23 ₹14,866 31 Oct 24 ₹20,208 Returns for SBI Banking & Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month -2.9% 3 Month 1.7% 6 Month 8.7% 1 Year 29.1% 3 Year 13.8% 5 Year 13.7% 10 Year 15 Year Since launch 14.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 18.6% 2022 13.5% 2021 12.1% 2020 4.8% 2019 20.7% 2018 9.5% 2017 40.7% 2016 17% 2015 2014 Fund Manager information for SBI Banking & Financial Services Fund
Name Since Tenure Milind Agrawal 1 Aug 19 5.26 Yr. Pradeep Kesavan 1 Dec 23 0.92 Yr. Data below for SBI Banking & Financial Services Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 88.39% Asset Allocation
Asset Class Value Cash 11.61% Equity 88.39% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK22% ₹1,400 Cr 10,835,814
↑ 500,000 HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK15% ₹949 Cr 5,464,715
↓ -550,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK8% ₹511 Cr 2,950,000
↓ -350,000 Muthoot Finance Ltd (Financial Services)
Equity, Since 31 Dec 22 | 5333985% ₹291 Cr 1,506,547 State Bank of India (Financial Services)
Equity, Since 31 Jul 18 | SBIN4% ₹257 Cr 3,135,000
↑ 900,000 Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 23 | NAM-INDIA3% ₹201 Cr 2,832,550 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 30 Apr 24 | CHOLAHLDNG3% ₹164 Cr 955,052 Karur Vysya Bank Ltd (Financial Services)
Equity, Since 31 Aug 22 | 5900032% ₹154 Cr 6,803,279
↓ -1,330,695 AAVAS Financiers Ltd (Financial Services)
Equity, Since 31 Jan 24 | AAVAS2% ₹153 Cr 917,438
↓ -12,892 Aptus Value Housing Finance India Ltd (Financial Services)
Equity, Since 30 Sep 23 | 5433352% ₹145 Cr 4,081,117
↑ 114,847 4. ICICI Prudential Banking and Financial Services Fund
CAGR/Annualized return of 16.5% since its launch. Return for 2023 was 17.9% , 2022 was 11.9% and 2021 was 23.5% . ICICI Prudential Banking and Financial Services Fund
Growth Launch Date 22 Aug 08 NAV (19 Nov 24) ₹119.88 ↑ 0.30 (0.25 %) Net Assets (Cr) ₹8,850 on 31 Oct 24 Category Equity - Sectoral AMC ICICI Prudential Asset Management Company Limited Rating ☆☆☆☆☆ Risk High Expense Ratio 1.98 Sharpe Ratio 1.47 Information Ratio 0.52 Alpha Ratio 2.66 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 19 ₹10,000 31 Oct 20 ₹7,808 31 Oct 21 ₹13,357 31 Oct 22 ₹13,369 31 Oct 23 ₹14,842 31 Oct 24 ₹18,666 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 24 Duration Returns 1 Month -3.7% 3 Month 1% 6 Month 9.1% 1 Year 20.3% 3 Year 11.5% 5 Year 12% 10 Year 15 Year Since launch 16.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 17.9% 2022 11.9% 2021 23.5% 2020 -5.5% 2019 14.5% 2018 -0.4% 2017 45.1% 2016 21.1% 2015 -7.2% 2014 69% Fund Manager information for ICICI Prudential Banking and Financial Services Fund
Name Since Tenure Roshan Chutkey 29 Jan 18 6.76 Yr. Sharmila D’mello 30 Jun 22 2.34 Yr. Data below for ICICI Prudential Banking and Financial Services Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 94.35% Industrials 0.21% Technology 0.21% Asset Allocation
Asset Class Value Cash 5.23% Equity 94.77% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | HDFCBANK22% ₹1,950 Cr 11,256,723
↓ -447,872 ICICI Bank Ltd (Financial Services)
Equity, Since 31 Oct 08 | ICICIBANK18% ₹1,643 Cr 12,906,483 Axis Bank Ltd (Financial Services)
Equity, Since 28 Feb 19 | 5322156% ₹568 Cr 4,612,483
↑ 398,079 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jan 23 | KOTAKBANK6% ₹545 Cr 2,940,967 SBI Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 17 | SBILIFE5% ₹470 Cr 2,547,856
↓ -75,788 State Bank of India (Financial Services)
Equity, Since 31 Oct 08 | SBIN4% ₹373 Cr 4,729,482
↑ 1,780,663 HDFC Life Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 23 | HDFCLIFE4% ₹364 Cr 5,065,853 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Nov 23 | 5000343% ₹278 Cr 361,247 ICICI Lombard General Insurance Co Ltd (Financial Services)
Equity, Since 30 Sep 19 | ICICIGI3% ₹261 Cr 1,199,865 IndusInd Bank Ltd (Financial Services)
Equity, Since 30 Apr 24 | INDUSINDBK2% ₹208 Cr 1,440,256
↑ 242,459 5. Baroda Pioneer Banking And Financial Services Fund
CAGR/Annualized return of 12.5% since its launch. Ranked 32 in Sectoral category. Return for 2023 was 20.5% , 2022 was 15.7% and 2021 was 8% . Baroda Pioneer Banking And Financial Services Fund
Growth Launch Date 22 Jun 12 NAV (19 Nov 24) ₹42.9867 ↑ 0.19 (0.45 %) Net Assets (Cr) ₹192 on 31 Oct 24 Category Equity - Sectoral AMC Baroda Pioneer Asset Management Co. Ltd. Rating ☆☆ Risk High Expense Ratio 2.37 Sharpe Ratio 1.64 Information Ratio 0.64 Alpha Ratio 6.71 Min Investment 5,000 Min SIP Investment 500 Exit Load 0-365 Days (1%),365 Days and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹8,299 31 Oct 21 ₹12,675 31 Oct 22 ₹12,783 31 Oct 23 ₹13,695 31 Oct 24 ₹18,129 Returns for Baroda Pioneer Banking And Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month -3.6% 3 Month 3.1% 6 Month 7.7% 1 Year 24.4% 3 Year 12.9% 5 Year 11.2% 10 Year 15 Year Since launch 12.5% Historical performance (Yearly) on absolute basis
Year Returns 2023 20.5% 2022 15.7% 2021 8% 2020 -1% 2019 23.1% 2018 1.2% 2017 32.9% 2016 8.7% 2015 -11.8% 2014 59% Fund Manager information for Baroda Pioneer Banking And Financial Services Fund
Name Since Tenure Sandeep Jain 14 Mar 22 2.64 Yr. Arjun Bagga 21 Oct 24 0.03 Yr. Data below for Baroda Pioneer Banking And Financial Services Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 94.39% Technology 1.39% Asset Allocation
Asset Class Value Cash 2.04% Equity 97.6% Debt 0.36% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Jul 12 | ICICIBANK19% ₹37 Cr 285,000
↑ 25,000 HDFC Bank Ltd (Financial Services)
Equity, Since 31 May 14 | HDFCBANK19% ₹37 Cr 210,450
↑ 27,500 State Bank of India (Financial Services)
Equity, Since 30 Jun 12 | SBIN7% ₹14 Cr 171,500
↑ 10,000 Axis Bank Ltd (Financial Services)
Equity, Since 30 Nov 16 | 5322156% ₹12 Cr 100,000 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 31 Jul 13 | KOTAKBANK4% ₹7 Cr 38,900
↑ 11,000 Bajaj Finserv Ltd (Financial Services)
Equity, Since 30 Sep 24 | 5329783% ₹7 Cr 37,500
↑ 12,000 Bajaj Finance Ltd (Financial Services)
Equity, Since 31 Oct 21 | 5000343% ₹5 Cr 7,476 Bajaj Housing Finance Ltd (Financial Services)
Equity, Since 30 Sep 24 | BAJAJHFL3% ₹5 Cr 374,965
↓ -374,964 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 24 | SHRIRAMFIN3% ₹5 Cr 16,000
↓ -2,000 CRISIL Ltd (Financial Services)
Equity, Since 31 Jul 24 | CRISIL2% ₹5 Cr 8,500
↑ 2,500 6. LIC MF Banking & Financial Services Fund
CAGR/Annualized return of 6.9% since its launch. Return for 2023 was 20.5% , 2022 was 19.6% and 2021 was 9.8% . LIC MF Banking & Financial Services Fund
Growth Launch Date 27 Mar 15 NAV (19 Nov 24) ₹19.0541 ↑ 0.15 (0.80 %) Net Assets (Cr) ₹261 on 31 Oct 24 Category Equity - Sectoral AMC LIC Mutual Fund Asset Mgmt Co Ltd Rating Risk High Expense Ratio 2.3 Sharpe Ratio 0.51 Information Ratio 0.18 Alpha Ratio -10.41 Min Investment 5,000 Min SIP Investment 1,000 Exit Load 0-1 Years (1%),1 Years and above(NIL) Growth of 10,000 investment over the years.
Date Value 31 Oct 19 ₹10,000 31 Oct 20 ₹8,281 31 Oct 21 ₹12,632 31 Oct 22 ₹13,477 31 Oct 23 ₹14,853 31 Oct 24 ₹16,993 Returns for LIC MF Banking & Financial Services Fund
absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 19 Nov 24 Duration Returns 1 Month -4.4% 3 Month -1.7% 6 Month 1.9% 1 Year 9.3% 3 Year 10.1% 5 Year 10% 10 Year 15 Year Since launch 6.9% Historical performance (Yearly) on absolute basis
Year Returns 2023 20.5% 2022 19.6% 2021 9.8% 2020 -2.1% 2019 19.9% 2018 -18% 2017 32.7% 2016 10.5% 2015 2014 Fund Manager information for LIC MF Banking & Financial Services Fund
Name Since Tenure Jaiprakash Toshniwal 6 Sep 21 3.15 Yr. Data below for LIC MF Banking & Financial Services Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 93.94% Consumer Cyclical 2.15% Technology 1.93% Asset Allocation
Asset Class Value Cash 1.99% Equity 98.01% Top Securities Holdings / Portfolio
Name Holding Value Quantity HDFC Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | HDFCBANK23% ₹61 Cr 349,534
↓ -49,371 ICICI Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | ICICIBANK11% ₹28 Cr 218,200
↓ -41,641 Axis Bank Ltd (Financial Services)
Equity, Since 30 Apr 15 | 5322158% ₹20 Cr 173,243
↓ -3,400 State Bank of India (Financial Services)
Equity, Since 31 Mar 20 | SBIN6% ₹15 Cr 184,137
↓ -17,723 Power Finance Corp Ltd (Financial Services)
Equity, Since 30 Sep 23 | 5328103% ₹8 Cr 183,242
↓ -17,636 Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 29 Feb 24 | KOTAKBANK3% ₹8 Cr 45,259
↓ -4,354 CSB Bank Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 22 | CSBBANK3% ₹7 Cr 224,468
↓ -21,604 Mahindra & Mahindra Financial Services Ltd (Financial Services)
Equity, Since 31 Dec 23 | M&MFIN3% ₹7 Cr 259,925
↓ -25,018 Piramal Enterprises Ltd (Financial Services)
Equity, Since 31 Oct 21 | 5003023% ₹7 Cr 64,512
↓ -6,208 CreditAccess Grameen Ltd Ordinary Shares (Financial Services)
Equity, Since 30 Sep 22 | CREDITACC3% ₹7 Cr 67,962
↓ -6,540 7. Aditya Birla Sun Life Banking And Financial Services Fund
CAGR/Annualized return of 16.8% since its launch. Ranked 3 in Sectoral category. Return for 2023 was 21.7% , 2022 was 11.5% and 2021 was 16.8% . Aditya Birla Sun Life Banking And Financial Services Fund
Growth Launch Date 14 Dec 13 NAV (19 Nov 24) ₹54.66 ↑ 0.23 (0.42 %) Net Assets (Cr) ₹3,264 on 31 Oct 24 Category Equity - Sectoral AMC Birla Sun Life Asset Management Co Ltd Rating ☆☆☆☆☆ Risk High Expense Ratio 1.99 Sharpe Ratio 1.1 Information Ratio 0.44 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 31 Oct 19 ₹10,000 31 Oct 20 ₹7,973 31 Oct 21 ₹13,503 31 Oct 22 ₹13,442 31 Oct 23 ₹15,486 31 Oct 24 ₹18,971 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 24 Duration Returns 1 Month -4.6% 3 Month -0.5% 6 Month 5.7% 1 Year 16% 3 Year 11% 5 Year 12.4% 10 Year 15 Year Since launch 16.8% Historical performance (Yearly) on absolute basis
Year Returns 2023 21.7% 2022 11.5% 2021 16.8% 2020 1.1% 2019 14.9% 2018 -2.4% 2017 47.6% 2016 15.7% 2015 -0.5% 2014 65.8% Fund Manager information for Aditya Birla Sun Life Banking And Financial Services Fund
Name Since Tenure Dhaval Gala 26 Aug 15 9.19 Yr. Dhaval Joshi 21 Nov 22 1.95 Yr. Data below for Aditya Birla Sun Life Banking And Financial Services Fund as on 31 Oct 24
Equity Sector Allocation
Sector Value Financial Services 94.79% Technology 3.27% Asset Allocation
Asset Class Value Cash 1.94% Equity 98.06% Other 0% Top Securities Holdings / Portfolio
Name Holding Value Quantity ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | ICICIBANK19% ₹636 Cr 4,993,129 HDFC Bank Ltd (Financial Services)
Equity, Since 31 Dec 13 | HDFCBANK17% ₹578 Cr 3,336,948 Axis Bank Ltd (Financial Services)
Equity, Since 31 Oct 18 | 5322157% ₹237 Cr 1,927,100 State Bank of India (Financial Services)
Equity, Since 31 Oct 17 | SBIN5% ₹185 Cr 2,351,492 Bajaj Finance Ltd (Financial Services)
Equity, Since 30 Sep 16 | 5000345% ₹180 Cr 233,725 Cholamandalam Financial Holdings Ltd (Financial Services)
Equity, Since 31 Jan 20 | CHOLAHLDNG4% ₹137 Cr 667,972 Shriram Finance Ltd (Financial Services)
Equity, Since 30 Jun 23 | SHRIRAMFIN4% ₹121 Cr 337,916
↓ -40,000 Computer Age Management Services Ltd Ordinary Shares (Technology)
Equity, Since 31 Dec 23 | CAMS3% ₹111 Cr 252,692 Repco Home Finance Ltd (Financial Services)
Equity, Since 31 Dec 13 | 5353223% ₹111 Cr 2,095,955 AU Small Finance Bank Ltd (Financial Services)
Equity, Since 30 Nov 23 | 5406113% ₹107 Cr 1,446,861
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