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2 star

Baroda Banking and Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.37 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.40 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

Read more

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 10.31 -0.73 0.85 -8.58 -3.07 0.74 16.74 10.95 12.39 8.29 --
S&P BSE Bankex TRI 15.16 -1.00 0.18 -8.33 -1.65 2.13 22.86 11.32 14.93 10.41 --
Equity: Sectoral-Banking 18.49 -0.75 0.59 -7.66 -1.22 2.33 25.30 10.10 11.88 7.36 --
Rank within category 25 9 6 25 27 24 24 8 13 8 --
Number of funds in category 28 30 30 30 30 28 27 18 17 11 8

As on 03-Dec-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Baroda Banking and Financial Services Fund
2 star
Jun-12 16.74 10.95 12.39 2.70% 55
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 21.33 14.68 17.09 1.96% 3,106
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 23.00 15.17 16.43 2.45% 856
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 26.08 16.06 14.44 2.55% 485
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 23.10 10.04 14.55 0.18% 10,655

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 17.01 03-Sep-2013 - 10-Sep-2013 -25.14 16-Mar-2020 - 23-Mar-2020
Month 24.47 07-May-2014 - 06-Jun-2014 -42.51 20-Feb-2020 - 23-Mar-2020
Quarter 46.39 21-Feb-2014 - 23-May-2014 -42.62 23-Dec-2019 - 23-Mar-2020
Year 88.96 30-Jan-2014 - 30-Jan-2015 -37.66 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 14.53 29.80 0.36 0.41 0.89 -0.46
S&P BSE Bankex TRI 16.37 33.21 0.38 0.46 -- --
Equity: Sectoral-Banking 14.91 33.09 0.36 0.42 0.96 -0.89
Rank within category 13 7 8 11 8 9
Number of funds in category 18 18 18 18 18 18

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 30-Nov-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 16
Top 10 Stocks (%) 85.64
Top 5 Stocks (%) 70.04
Top 3 Sectors (%) 96.00
Portfolio P/B Ratio 2.83
Portfolio P/E Ratio 25.69

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,02,668 2,87,693
Giant (%) 75.86 74.70
Large (%) 16.70 10.32
Mid (%) 5.68 12.64
Small (%) 1.76 4.68
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 23.44 20.96 13.25 20.96
up HDFC Bank Financial 24.50 28.67 15.68 19.97
equal Axis Bank Financial 20.63 13.56 3.84 10.36
equal State Bank of India Financial 14.74 10.27 3.35 9.50
up Indusind Bank Financial 18.79 9.25 0.00 9.25
equal Kotak Mahindra Bank Financial 38.01 11.79 1.81 7.69
equal HDFC Financial 24.08 2.39
equal AU Small Finance Bank Financial 31.59 2.72 0.00 2.19
equal SBI Life Insurance Company Insurance 94.36 3.59 0.00 2.06
down SBI Cards & Payments Services Financial 90.23 4.21 0.00 1.90
equal Bank of Baroda Financial 12.02 1.88 0.00 1.76
equal Max Financial Services Financial 111.89 2.11 0.00 1.75
down Can Fin Homes Financial 16.64 3.04 0.00 1.69
equal Nippon Life India Asset Management Financial 29.43 1.57 0.00 1.51
equal Muthoot Finance Financial 14.85 2.77 0.00 1.06
new Bajaj Finance Financial 85.76 5.44 0.00 1.00
new Bajaj Finserv Financial 65.91 2.44 0.00 0.96

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Oct-2021

Fund Manager

— Sanjay Chawla since 01-Jan-2021

Education: Mr. Sanjay Chawla holds a Masters degree in Management Studies from BITS, Pilani.

Experience: Prior to joining Baroda Mutual Fund, he worked as Senior Fund Manager with BSL AMC. Before joining Birla, he worked as Head of Research with SBI Capital Markets and has worked in various capacities in equity research space in Motilal Oswal Securities, IDBI Capital Markets, SMIFS Securities, IIT Invest Trust & Lloyds Securities.

Interviews:

Funds Managed:


-0.73%

Change from previous, NAV as on 03-Dec-2021

Growth: ₹ 28.4600

IDCW: ₹ 17.7800


Investment Strategy

The scheme aims to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in banking & financial services sector which are expected to show sustained growth & generate better performance.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 1
Minimum Balance (₹) 1
Lock-in Period Not Applicable
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 22-Jun-2012
Return Since Launch: 11.70%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 55 Cr (As on 31-Oct-2021)
Expense: 2.70% (As on 31-Oct-2021)
Risk Grade: Average
Return Grade: Below Average
Turnover: 48.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW23-Mar-20211.5000

 22-Mar-20191.6380
 16-Mar-20181.7500
 24-Mar-20171.5000
 09-Sep-20141.0000

Contact Information

AMC: Baroda Asset Management India Ltd

Address: 501, Raheja Titanium, Western Express Highway, Goregoan, (E) Mumbai - 400063

Phone: +91 22-3074 1000

Fax: +91 22-3074 1001

Email: [email protected]

Website: http://www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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