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Baroda Banking and Financial Services Fund


1 Lakh

Investment Grown to
₹ 1.53 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.37 Lakh

Analyst's Choice?

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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT). Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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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 -0.77 0.74 -1.15 -1.00 8.24 11.51 22.20 15.34 8.17 11.65 --
S&P BSE Bankex TRI -2.74 0.92 -1.02 -3.07 8.35 9.22 17.06 18.49 9.89 14.81 --
Equity: Sectoral-Banking -1.58 0.73 -0.86 -1.75 8.13 8.38 14.67 13.67 6.30 9.81 --
Rank within category 8 16 19 10 7 9 6 11 9 7 --
Number of funds in category 23 23 23 23 23 19 18 17 12 10 8

As on 24-Jan-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 17.01 (03-Sep-2013 - 10-Sep-2013) -10.74 (17-Aug-2015 - 24-Aug-2015)
Month 24.47 (07-May-2014 - 06-Jun-2014) -18.93 (23-Jul-2013 - 22-Aug-2013)
Quarter 46.39 (21-Feb-2014 - 23-May-2014) -33.03 (29-May-2013 - 28-Aug-2013)
Year 88.96 (30-Jan-2014 - 30-Jan-2015) -28.52 (02-Mar-2015 - 01-Mar-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 18.35 17.04 0.74 1.06 0.90 -1.29
S&P BSE Bankex TRI 21.17 18.06 0.86 1.19 -- --
Equity: Sectoral-Banking 16.74 19.68 0.65 0.90 0.99 -4.29
Rank within category 11 5 9 9 6 9
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-Dec-2019

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 88.85
Top 5 Stocks (%) 71.95
Top 3 Sectors (%) 97.67
Portfolio P/B Ratio 3.25
Portfolio P/E Ratio 34.98

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,43,180 2,19,717
Giant (%) 83.52 74.25
Large (%) 3.17 11.49
Mid (%) 9.12 11.74
Small (%) 4.19 4.33
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 HDFC Bank Financial 25.29 29.23 16.25 26.49
equal ICICI Bank Financial 36.58 20.90 7.77 20.90
equal Kotak Mahindra Bank Financial 35.44 11.07 6.42 10.31
equal State Bank of India Financial 27.89 11.34 5.04 8.86
up Axis Bank Financial 43.59 11.32 1.86 5.39
up Bajaj Finance Financial 51.11 5.19 0.00 5.19
equal HDFC Financial 34.12 6.12 0.00 4.43
equal City Union Bank Financial 23.70 3.43 0.00 3.34
equal DCB Bank Financial 15.44 4.73 0.00 1.97
equal ICICI Prudential Life Insurance Co. Ltd. Financial 65.72 2.26 0.00 1.97
up Muthoot Finance Financial 12.60 2.77 0.00 1.87
equal AU Small Finance Bank Financial 45.74 2.27 0.00 1.64
equal Karur Vysya Bank Financial 19.44 1.24 0.00 1.17
new RBL Bank Financial 27.89 3.81 0.00 1.13
equal ICICI Lombard General Insurance Financial 53.46 1.19 0.00 1.13
equal Multi Commodity Exchange India Financial 31.06 2.92 0.00 0.95
equal Motilal Oswal Financial Financial 20.71 1.07 0.00 0.93

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-Dec-2019

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:


0.74%

Change from previous, NAV as on 24-Jan-2020

Growth: ₹ 25.8700

Dividend: ₹ 17.5800


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: 13.33%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 49 Cr (As on 31-Dec-2019)
Expense: 2.65% (As on 31-Dec-2019)
Risk Grade: Average
Return Grade: Average
Turnover: 71.00%

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: www.barodapioneer.in

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

Address: Karvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills, Hyderabad - 500034

Phone: 040-23312454

Email: [email protected]

Website: www.karvymfs.com

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dateFriday, 31-Jan-2020
time12:30 PM - 01:00 PM