MFIC › Sectors & industries › Banking & financial services
Banking & financial services mutual funds
28 actively managed sector schemes and 63 index funds or ETFs whose names point to Banking & financial services, with the market index they follow. Returns from AMFI NAVs as of 27 Oct 2026.
Active schemes
28
Index funds & ETFs
63
Active: median 3Y CAGR
9.5%
Index & ETF: median 3Y CAGR
8.7%
Active ahead of own benchmark TRI (3Y)
9 of 17
AUM of these schemes
₹98,984 cr
Market context from Integrato Market Intelligence
Schemes on this page invest mainly in this part of the market. Where the NSE sector indices stand today:
53,974.90 −0.72%
NSE close, 27 Oct 2026
- P/E 12.1: higher than 0% of days since 2021 (median 16.2)
- 1Y −6.7% · 3Y +8.7% p.a. · 5Y +6.3% p.a. (index fund NAV, after costs)
- −12.3% from its 52-week high
24,303.75 −0.62%
NSE close, 27 Oct 2026
- P/E 14.5: higher than 0% of days since 2021 (median 17.8)
- 1Y −11.7% · 3Y +8.3% p.a. · 5Y +4.5% p.a. (index fund NAV, after costs)
- −14.6% from its 52-week high (proxy NAV)
26,628.45 −0.73%
NSE close, 27 Oct 2026
- P/E 15.3: higher than 9% of days since 2021 (median 18.0)
- 1Y −6.3% · 3Y +6.2% p.a. · 5Y +4.8% p.a. (index fund NAV, after costs)
- −8.8% from its 52-week high (proxy NAV)
8,126.70 +0.41%
NSE close, 27 Oct 2026
- P/E 7.2: higher than 11% of days since 2021 (median 8.4)
- 1Y +1.9% · 3Y +18.4% p.a. · 5Y +23.1% p.a. (index fund NAV, after costs)
- −17.7% from its 52-week high
Index levels and P/E: NSE daily index closing values; gold and silver: IBJA rates; returns: growth NAV of an index fund or ETF tracking the market (AMFI), so they are after that fund's costs. Context only: a market's level or valuation does not tell you how any scheme will perform. Explore all markets.
Portfolio holdings: not connected. MFIC does not yet read each fund house's monthly portfolio, so it cannot show which stocks these schemes own, how much of each scheme is actually in this sector, or how much they overlap with your diversified funds. Schemes are grouped by the sector or theme in their name; check the latest factsheet for current holdings.
Actively managed schemes Sectoral/Thematic category · Regular plans · alphabetical
| Scheme | 1Y return | 3Y CAGR | 5Y CAGR | Volatility | Max drawdown | 3Y vs own benchmark TRI | TER | AUM (₹ cr) |
|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Banking and Financial Services Fund Aditya Birla Sun Life Mutual Fund · Sectoral/Thematic · Regular | −9.6% | 7.6% | 6.6% | 16.7% | −47.6% | −1.7 pp | 2.01% | 3,288 |
| Bajaj Finserv Banking and Financial Services Fund Bajaj Finserv Mutual Fund · Sectoral/Thematic · Regular | n/a | n/a | n/a | n/a | −15.7% | n/a | 2.81% | 459 |
| BANDHAN FINANCIAL SERVICES FUND Bandhan Mutual Fund · Sectoral/Thematic · Regular | −10.1% | 10.6% | n/a | 16.9% | −17.6% | +1.5 pp | 2.50% | 1,004 |
| Bank of India Banking & Financial Services Fund Bank of India Mutual Fund · Sectoral/Thematic · Regular | n/a | n/a | n/a | n/a | −14.5% | n/a | 2.77% | 240 |
| Baroda BNP Paribas Banking and Financial Services Fund Baroda BNP Paribas Mutual Fund · Sectoral/Thematic · Regular | −8.7% | 10.9% | 7.2% | 16.6% | −42.9% | +1.4 pp | 2.69% | 504 |
| Canara Robeco Banking and Financial Services Fund Canara Robeco Mutual Fund · Sectoral/Thematic · Regular | n/a | n/a | n/a | n/a | −10.2% | n/a | 2.65% | 612 |
| DSP Banking & Financial Services Fund DSP Mutual Fund · Sectoral/Thematic · Regular | −3.7% | n/a | n/a | n/a | −14.8% | n/a | 2.18% | 1,974 |
| Edelweiss Financial Services Fund Edelweiss Mutual Fund · Sectoral/Thematic · Regular | n/a | n/a | n/a | n/a | −15.9% | n/a | 2.57% | 292 |
| Groww Banking & Financial Services Fund Groww Mutual Fund · Sectoral/Thematic · Regular | −3.7% | n/a | n/a | n/a | −16.7% | n/a | 3.03% | 108 |
| HDFC Banking & Financial Services Fund HDFC Mutual Fund · Sectoral/Thematic · Regular | −6.8% | 9.5% | 7.6% | 16.8% | −22.5% | +0.2 pp | 1.99% | 4,323 |
| Helios Financial Services Fund Helios Mutual Fund · Sectoral/Thematic · Regular | −12.4% | n/a | n/a | n/a | −18.0% | n/a | 2.68% | 189 |
| HSBC Financial Services fund HSBC Mutual Fund · Sectoral/Thematic · Regular | −4.8% | n/a | n/a | n/a | −14.9% | n/a | 2.43% | 874 |
| ICICI Prudential Banking & Financial Services Fund ICICI Prudential Mutual Fund · Sectoral/Thematic · Regular | −10.8% | 8.1% | 6.3% | 14.7% | −47.8% | −1.3 pp | 1.95% | 10,660 |
| Invesco India Financial Services Fund Invesco Mutual Fund · Sectoral/Thematic · Regular | −4.6% | 13.4% | 10.1% | 16.1% | −47.3% | +3.8 pp | 2.18% | 1,779 |
| ITI Banking and Financial Services Fund ITI Mutual Fund · Sectoral/Thematic · Regular | −8.2% | 8.5% | n/a | 16.4% | −16.9% | −0.9 pp | 2.80% | 348 |
| Kotak Banking and Financial Services Fund Kotak Mahindra Mutual Fund · Sectoral/Thematic · Regular | −7.8% | 9.6% | n/a | 16.7% | −16.8% | +0.2 pp | 2.25% | 1,412 |
| LIC MF Banking and Financial Services Fund LIC Mutual Fund · Sectoral/Thematic · Regular | −13.4% | 3.7% | 4.8% | 16.9% | −46.3% | −5.8 pp | 2.78% | 243 |
| MahindraManulife Banking & Financial Services Fund Mahindra Manulife Mutual Fund · Sectoral/Thematic · Regular | −6.3% | n/a | n/a | n/a | −15.9% | n/a | 2.77% | n/a |
| Mirae Asset Banking and Financial Services Fund Mirae Asset Mutual Fund · Sectoral/Thematic · Regular | −7.7% | 10.0% | 7.9% | 16.3% | −21.9% | +0.7 pp | 2.15% | 2,165 |
| Motilal Oswal Financial Services Fund Motilal Oswal Mutual Fund · Sectoral/Thematic · Regular | n/a | n/a | n/a | n/a | −11.5% | n/a | 2.70% | 210 |
| Nippon India Banking & Financial Services Fund Nippon India Mutual Fund · Sectoral/Thematic · Regular | −9.7% | 9.0% | 9.0% | 15.9% | −57.4% | −0.3 pp | 1.93% | 7,178 |
| quant BFSI Fund quant Mutual Fund · Sectoral/Thematic · Regular | −1.3% | 16.5% | n/a | 19.3% | −22.9% | +6.8 pp | 3.57% | 821 |
| SBI BANKING & FINANCIAL SERVICES FUND SBI Mutual Fund · Sectoral/Thematic · Regular | −9.0% | 13.1% | 8.4% | 14.9% | −43.9% | +3.7 pp | 2.16% | 10,312 |
| Sundaram Financial Services Opportunities Fund Sundaram Mutual Fund · Sectoral/Thematic · Regular | −7.1% | 9.1% | 9.1% | 17.2% | −43.3% | −0.3 pp | 2.18% | 1,551 |
| Tata Banking & Financial Services Fund Tata Mutual Fund · Sectoral/Thematic · Regular | −10.5% | 8.2% | 7.3% | 16.6% | −41.7% | −1.0 pp | 2.23% | 2,963 |
| Taurus Banking & Financial Services Fund Taurus Mutual Fund · Sectoral/Thematic · Regular | −10.8% | 7.0% | 5.5% | 14.9% | −41.7% | −1.8 pp | 2.54% | 10 |
| UTI - Banking and Financial Services Fund UTI Mutual Fund · Sectoral/Thematic · Regular | −8.0% | 10.4% | 7.4% | 16.1% | −63.3% | +1.0 pp | 2.38% | 1,285 |
| WhiteOak Capital Banking & Financial Services Fund WhiteOak Capital Mutual Fund · Sectoral/Thematic · Regular | −8.2% | n/a | n/a | n/a | −16.3% | n/a | 2.72% | 608 |
"3Y vs own benchmark TRI" is the scheme's 3-year CAGR minus that of the total return index it is benchmarked to, as published by AMFI. Alphabetical order, not a ranking. Rolling returns and risk for this group
Index funds & ETFs aim to match a Banking & financial services index · Regular plans and ETFs · alphabetical
| Scheme | 1Y return | 3Y CAGR | 5Y CAGR | Volatility | Max drawdown | Tracking error | TER | AUM (₹ cr) |
|---|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life BSE Top 10 Banks ETF Aditya Birla Sun Life Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −14.7% | n/a | 0.17% | n/a |
| ADITYA BIRLA SUN LIFE NIFTY BANK ETF Aditya Birla Sun Life Mutual Fund · Equity ETF | −6.7% | 8.7% | 6.4% | 16.8% | −48.1% | n/a | 0.16% | 2,112 |
| Axis NIFTY Bank ETF Axis Mutual Fund · Equity ETF | −6.8% | 8.6% | 6.3% | 16.8% | −20.6% | n/a | 0.25% | 285 |
| Axis Nifty Bank Index Fund Axis Mutual Fund · Index Fund · Regular | −7.5% | n/a | n/a | n/a | −18.4% | n/a | 1.11% | 176 |
| Bajaj Finserv BSE Top 10 Banks ETF Bajaj Finserv Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −6.5% | n/a | 0.15% | 205 |
| Bajaj Finserv Nifty Bank ETF Bajaj Finserv Mutual Fund · Equity ETF | −6.7% | n/a | n/a | n/a | −18.3% | n/a | 0.14% | 399 |
| BANDHAN NIFTY BANK INDEX FUND Bandhan Mutual Fund · Index Fund · Regular | −7.6% | n/a | n/a | n/a | −18.4% | n/a | 1.11% | 23 |
| Baroda BNP Paribas Nifty Bank ETF Baroda BNP Paribas Mutual Fund · Equity ETF | −6.8% | n/a | n/a | n/a | −18.3% | n/a | 0.52% | 4 |
| DSP BSE Insurance ETF DSP Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | n/a | n/a | 45.44% | n/a |
| DSP BSE MidSmall Private Banks ETF DSP Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −13.0% | n/a | 0.52% | 86 |
| DSP BSE Top 10 Banks ETF DSP Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −12.5% | n/a | 0.18% | 419 |
| DSP Nifty Bank ETF DSP Mutual Fund · Equity ETF | −6.7% | 8.7% | n/a | 16.8% | −18.3% | n/a | 0.17% | 416 |
| DSP Nifty Bank Index Fund DSP Mutual Fund · Index Fund · Regular | −7.4% | n/a | n/a | n/a | −18.4% | n/a | 0.99% | 62 |
| DSP Nifty Private Bank ETF DSP Mutual Fund · Equity ETF | −5.8% | 6.7% | n/a | 16.2% | −17.3% | n/a | 0.18% | 691 |
| DSP Nifty Private Bank Index Fund DSP Mutual Fund · Index Fund · Regular | −6.8% | n/a | n/a | n/a | −17.4% | n/a | 1.19% | 108 |
| DSP Nifty PSU Bank ETF DSP Mutual Fund · Equity ETF | 2.3% | 18.7% | n/a | 23.8% | −29.7% | n/a | 0.16% | 1,387 |
| Edelweiss BSE Capital Markets & Insurance ETF Edelweiss Mutual Fund · Equity ETF | −7.7% | n/a | n/a | n/a | −17.5% | n/a | 0.57% | 14 |
| Edelweiss BSE Top 10 Bank ETF Edelweiss Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −6.5% | n/a | 1.20% | 15 |
| Edelweiss Nifty Bank ETF Edelweiss Mutual Fund · Equity ETF | −6.8% | n/a | n/a | n/a | −18.4% | n/a | 0.82% | 3 |
| Groww Nifty Capital Markets ETF Groww Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −14.1% | n/a | 0.53% | 51 |
| Groww Nifty Private Bank ETF Groww Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −7.1% | n/a | 0.64% | 7 |
| Groww Nifty Private Bank Index Fund Groww Mutual Fund · Index Fund · Regular | n/a | n/a | n/a | n/a | −7.2% | n/a | 1.77% | 6 |
| Groww Nifty PSU Bank ETF Groww Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −12.2% | n/a | 0.48% | 6 |
| Groww Nifty PSU Bank Index Fund Groww Mutual Fund · Index Fund · Regular | n/a | n/a | n/a | n/a | −12.6% | n/a | 1.83% | 6 |
| HDFC NIFTY BANK ETF HDFC Mutual Fund · Equity ETF | −6.7% | 8.7% | 6.3% | 16.8% | −20.6% | n/a | 0.17% | 2,037 |
| HDFC NIFTY Private Bank ETF HDFC Mutual Fund · Equity ETF | −5.9% | 6.7% | n/a | 16.2% | −17.3% | n/a | 0.17% | 484 |
| HDFC NIFTY PSU BANK ETF HDFC Mutual Fund · Equity ETF | 2.1% | n/a | n/a | n/a | −29.7% | n/a | 0.28% | 54 |
| ICICI Prudential BSE Insurance ETF ICICI Prudential Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −11.4% | n/a | 0.72% | 80 |
| ICICI Prudential Nifty Bank ETF ICICI Prudential Mutual Fund · Equity ETF | −6.7% | 8.7% | 6.4% | 16.8% | −48.1% | n/a | 0.17% | 2,405 |
| ICICI Prudential Nifty Bank Index Fund ICICI Prudential Mutual Fund · Index Fund · Regular | −7.3% | 8.0% | n/a | 16.8% | −18.4% | n/a | 0.82% | 709 |
| ICICI Prudential Nifty Financial Services Ex-Bank ETF ICICI Prudential Mutual Fund · Equity ETF | −9.7% | 12.6% | n/a | 18.9% | −16.7% | n/a | 0.21% | 191 |
| ICICI Prudential Nifty Private Bank ETF ICICI Prudential Mutual Fund · Equity ETF | −5.9% | 6.7% | 5.3% | 16.2% | −50.6% | n/a | 0.18% | 4,303 |
| ICICI Prudential Nifty Private Bank Index Fund ICICI Prudential Mutual Fund · Index Fund · Regular | −6.7% | n/a | n/a | n/a | −17.2% | n/a | 1.20% | 61 |
| ICICI Prudential Nifty PSU Bank ETF ICICI Prudential Mutual Fund · Equity ETF | 2.0% | 18.6% | n/a | 23.8% | −29.7% | n/a | 0.41% | 119 |
| Invesco India Nifty Bank ETF Invesco Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −7.0% | n/a | 1.44% | 6 |
| Invesco India Nifty Bank Index Fund Invesco Mutual Fund · Index Fund · Regular | n/a | n/a | n/a | n/a | −7.7% | n/a | 1.27% | 25 |
| Kotak Nifty Bank ETF Kotak Mahindra Mutual Fund · Equity ETF | −6.7% | 8.7% | 6.3% | 16.8% | −48.5% | n/a | 0.17% | 4,122 |
| Kotak Nifty Bank Index Fund Kotak Mahindra Mutual Fund · Index Fund · Regular | n/a | n/a | n/a | n/a | −7.1% | n/a | 1.79% | 7 |
| Kotak Nifty Capital Markets Index Fund Kotak Mahindra Mutual Fund · Index Fund · Regular | n/a | n/a | n/a | n/a | n/a | n/a | 0.80% | 8 |
| Kotak Nifty Financial Services Ex-Bank Index Fund Kotak Mahindra Mutual Fund · Index Fund · Regular | −10.6% | 11.5% | n/a | 18.9% | −17.2% | n/a | 0.83% | 87 |
| Kotak Nifty Private Bank ETF Kotak Mahindra Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −5.7% | n/a | 0.95% | 39 |
| Kotak Nifty PSU Bank ETF Kotak Mahindra Mutual Fund · Equity ETF | 1.9% | 18.4% | 23.1% | 23.8% | −80.7% | n/a | 0.50% | 2,483 |
| Mirae Asset Nifty Bank ETF Mirae Asset Mutual Fund · Equity ETF | −6.7% | 8.8% | n/a | 16.8% | −18.3% | n/a | 0.17% | 314 |
| Mirae Asset Nifty Financial Services ETF Mirae Asset Mutual Fund · Equity ETF | −11.1% | 9.2% | 5.4% | 15.9% | −23.2% | n/a | 0.20% | 365 |
| Mirae Asset Nifty PSU Bank ETF Mirae Asset Mutual Fund · Equity ETF | 2.2% | n/a | n/a | n/a | −21.3% | n/a | 0.30% | 45 |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund Motilal Oswal Mutual Fund · Index Fund · Regular | −14.0% | 9.3% | n/a | 18.4% | −17.8% | n/a | 1.12% | 28 |
| Motilal Oswal BSE Financials ex Bank 30 Index Fund Motilal Oswal Mutual Fund · Index Fund · Regular | −14.5% | 8.6% | n/a | 18.4% | −17.9% | n/a | 1.12% | 28 |
| Motilal Oswal BSE Top 10 Banks ETF Motilal Oswal Mutual Fund · Equity ETF | n/a | n/a | n/a | n/a | −8.7% | n/a | 2.04% | 102 |
| Motilal Oswal Nifty Bank Index Fund Motilal Oswal Mutual Fund · Index Fund · Regular | −7.5% | 7.8% | 5.5% | 16.8% | −46.9% | n/a | 1.07% | 616 |
| Motilal Oswal Nifty Capital Market ETF Motilal Oswal Mutual Fund · Equity ETF | 9.5% | n/a | n/a | n/a | −14.1% | n/a | 1.02% | 332 |
| Motilal Oswal Nifty Capital Market Index Fund Motilal Oswal Mutual Fund · Index Fund · Regular | 8.9% | n/a | n/a | n/a | −28.8% | n/a | 1.21% | 670 |
| Motilal Oswal Nifty MidSmall Financial Services Index Fund Motilal Oswal Mutual Fund · Index Fund · Regular | 0.3% | n/a | n/a | n/a | −20.0% | n/a | 1.29% | 113 |
| Navi Nifty Bank Index Fund Navi Mutual Fund · Index Fund · Regular | −7.6% | 7.8% | n/a | 16.8% | −18.5% | n/a | 1.11% | 608 |
| Nippon India ETF Nifty Bank BeES Nippon India Mutual Fund · Equity ETF | −6.8% | 8.6% | 6.3% | 16.8% | −48.6% | n/a | 0.21% | 7,970 |
| Nippon India ETF Nifty PSU Bank BeES Nippon India Mutual Fund · Equity ETF | 1.9% | 18.4% | 23.1% | 23.8% | −73.6% | n/a | 0.51% | 3,937 |
| Nippon India Nifty Bank Index Fund Nippon India Mutual Fund · Index Fund · Regular | −7.4% | n/a | n/a | n/a | −18.4% | n/a | 0.90% | 207 |
| SBI BSE PSU BANK INDEX FUND SBI Mutual Fund · Index Fund · Regular | 1.0% | n/a | n/a | n/a | −20.5% | n/a | 0.82% | 340 |
| SBI Nifty Bank Index Fund SBI Mutual Fund · Index Fund · Regular | −7.1% | n/a | n/a | n/a | −18.4% | n/a | 0.75% | 200 |
| Tata Nifty Capital Markets Index Fund Tata Mutual Fund · Index Fund · Regular | 8.7% | n/a | n/a | n/a | −30.7% | n/a | 1.24% | 982 |
| Tata Nifty Financial Services Index Fund Tata Mutual Fund · Index Fund · Regular | −12.0% | n/a | n/a | n/a | −17.4% | n/a | 1.13% | 77 |
| Tata Nifty Private Bank Exchange Traded Fund Tata Mutual Fund · Equity ETF | −5.7% | 6.8% | 5.3% | 16.3% | −50.3% | n/a | 0.37% | 21 |
| UTI Nifty Bank ETF UTI Mutual Fund · Equity ETF | −6.7% | 8.7% | 6.4% | 16.8% | −20.6% | n/a | 0.20% | 2,691 |
| UTI Nifty Private Bank Index Fund UTI Mutual Fund · Index Fund · Regular | −6.7% | n/a | n/a | n/a | −17.4% | n/a | 1.04% | 229 |
Index funds and ETFs aim to match their index, so the useful comparison between them is cost (TER) and tracking error, not return rank. ETFs are bought and sold on the stock exchange through a demat account.
Questions
- How many mutual funds invest in Banking & financial services in India?
- MFIC finds 28 actively managed sectoral or thematic schemes and 63 index funds or ETFs whose names point to Banking & financial services (Regular plans; ETFs have a single plan), from AMFI's daily NAV file dated 27 Oct 2026.
- Does every scheme on this page hold only Banking & financial services stocks?
- Not necessarily. MFIC groups schemes by the sector or theme in the scheme name. SEBI requires sectoral and thematic schemes to keep at least 80% in their stated sector or theme, but the exact holdings come from each fund house's monthly portfolio, which MFIC does not yet read. Check the latest factsheet before relying on a scheme's exposure.
- Are sector funds riskier than diversified equity funds?
- A sector fund depends on one part of the economy, so its returns usually swing more than a diversified fund's and can lag for long periods. The volatility and maximum drawdown columns on this page show how much each scheme has moved in the past; past movements do not predict future ones.
Data & disclosure. Scheme list, categories and NAVs from AMFI; returns and risk calculated by MFIC from daily NAVs; benchmark TRI comparison and TER as published via AMFI; index levels and valuations from NSE. Sector and theme groups are MFIC's own grouping from scheme names, not an AMFI or SEBI classification, and holdings are not connected. Educational information, not investment advice or a recommendation to buy or sell. Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance is not indicative of future performance. Integrato Financial Services Pvt. Ltd. is an AMFI-registered Mutual Fund Distributor (ARN-173155).
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