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3 star

Baroda Banking and Financial Services Fund


Equity: Sectoral-Banking

1 Lakh

Investment declined to
₹ 0.89 Lakh

₹ 10000

Monthly SIP Declined to
₹ 3.09 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 multi-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.

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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 -28.65 2.09 -2.57 -0.27 9.54 -27.23 -17.89 -3.92 2.35 10.55 --
S&P BSE Bankex TRI -33.49 1.93 -2.72 -1.64 7.51 -30.59 -23.35 -4.36 2.73 12.15 --
Equity: Sectoral-Banking -32.25 1.61 -2.09 -1.30 10.79 -29.34 -23.95 -8.87 -0.92 6.79 --
Rank within category 5 1 5 2 9 6 5 4 7 5 --
Number of funds in category 13 13 13 13 13 13 13 12 12 8 6

As on 04-Aug-2020

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
3 star
Jun-12 -17.89 -3.92 2.35 2.57 37
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 -12.63 0.86 8.93 2.21 1,350
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
Dec-15 -12.37 -2.01 -- 1.68 434
Nippon India ETF Bank BeES  | Invest Online
Unrated
May-04 -24.76 -5.00 2.45 0.18 4,876
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
Dec-14 -24.74 -5.04 2.54 0.18 3,995

Best & Worst Performance

Best (Period) Worst (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 -0.60 26.16 -0.22 -0.21 0.90 -1.16
S&P BSE Bankex TRI 0.04 28.74 -0.18 -0.18 -- --
Equity: Sectoral-Banking -3.57 29.92 -0.27 -0.33 0.99 -3.68
Rank within category 10 4 10 10 4 10
Number of funds in category 17 17 17 17 17 17

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

As on 31-Jul-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 19
Top 10 Stocks (%) 78.72
Top 5 Stocks (%) 63.38
Top 3 Sectors (%) 93.96
Portfolio P/B Ratio 2.12
Portfolio P/E Ratio 21.16

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,63,988 1,59,142
Giant (%) 76.29 74.90
Large (%) 10.26 7.41
Mid (%) 12.21 16.09
Small (%) 1.24 3.96
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
up HDFC Bank Financial 20.09 29.23 15.68 28.67
up ICICI Bank Financial 22.35 20.90 9.65 18.67
equal Axis Bank Financial 71.57 11.65 2.52 7.66
up HDFC Financial 14.06 6.12 0.00 4.72
up Kotak Mahindra Bank Financial 30.77 11.79 1.81 3.66
up SBI Cards & Payments Services Financial 57.05 3.39 0.00 3.39
equal State Bank of India Financial 7.92 10.67 3.35 3.36
up SBI Life Insurance Company Financial 60.75 3.25 0.00 3.25
up ICICI Lombard General Insurance Company Financial 47.85 2.73 0.00 2.73
up City Union Bank Financial 18.11 3.43 0.00 2.61
up Cholamandalam Invest. & Fin. Financial 14.06 3.27 0.00 2.55
equal Bajaj Finserv Financial 26.24 2.63 0.00 2.36
new AU Small Finance Bank Financial 31.18 2.27 0.00 2.19
up Muthoot Finance Financial 16.43 2.77 0.00 2.05
equal RBL Bank Financial 22.07 3.81 0.00 1.40
equal M&M Financial Services Financial 8.54 3.96 0.00 1.35
equal ICICI Prudential Life Insurance Co. Ltd. Financial 60.88 2.26 0.00 1.26
down DCB Bank Financial 7.41 2.30 0.00 1.12
equal Motilal Oswal Financial Financial 44.50 1.07 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 30-Jun-2020

Fund Manager

— Dipak Acharya since 01-Jun-2012

Education: Mr.Acharya is M.Com., AICWA, CAIIB & PGPMS

Experience: Prior to joining Baroda AMC in 2008 he has worked with BOB.

Funds Managed:


2.09%

Change from previous, NAV as on 04-Aug-2020

Growth: ₹ 18.6000

Dividend: ₹ 12.6400


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
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: Baroda Mutual Fund
Launch Date: 22-Jun-2012
Return Since Launch: 7.94%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 37 Cr (As on 30-Jun-2020)
Expense: 2.57% (As on 30-Jun-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 87.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend22-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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