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Baroda Banking and Financial Services Fund

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Equity: Sectoral-Banking

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1 Lakh

Investment Grown to
₹ 1.39 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.74 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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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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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 9.77 -4.39 -2.45 13.10 16.11 41.60 14.94 11.49 18.39 16.80 --
S&P BSE Bankex TRI 8.62 -4.87 -3.35 12.46 15.04 44.52 16.67 11.52 20.34 18.68 --
Equity: Sectoral-Banking 11.59 -4.44 -2.80 14.07 18.46 43.75 16.99 7.91 17.37 14.90 --
Rank within category 15 14 4 15 16 17 19 5 12 7 --
Number of funds in category 28 28 28 28 27 24 23 17 17 11 8

As on 26-Feb-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
3 star
 Jun-12 14.94 11.49 18.39 2.73 51
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
 Feb-15 17.88 15.78 23.48 2.30 2,040
Tata Banking and Financial Services Fund - Regular Plan  | Invest Online
4 star
 Dec-15 18.95 13.03 21.81 2.60 581
Nippon India ETF Bank BeES  | Invest Online
Unrated
 May-04 17.58 11.14 20.04 0.18 7,589
Kotak Banking ETF Fund Regular  | Invest Online
Unrated
 Dec-14 17.44 11.08 20.08 0.18 6,688

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 9.30 29.70 0.16 0.17 0.88 0.06
S&P BSE Bankex TRI 9.84 33.35 0.16 0.18 -- --
Equity: Sectoral-Banking 5.91 33.24 0.06 0.04 0.96 -3.71
Rank within category 8 4 5 5 4 6
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-Jan-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 23
Top 10 Stocks (%) 75.55
Top 5 Stocks (%) 61.04
Top 3 Sectors (%) 96.53
Portfolio P/B Ratio 1.94
Portfolio P/E Ratio 22.09

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,58,664 2,20,014
Giant (%) 68.93 76.26
Large (%) 8.35 7.75
Mid (%) 15.13 13.77
Small (%) 7.58 5.55
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 27.56 29.23 15.68 24.45
equal ICICI Bank Financial 28.01 20.90 11.37 15.21
up Kotak Mahindra Bank Financial 37.95 11.79 1.81 8.37
equal Axis Bank Financial 74.19 11.65 3.84 7.77
equal State Bank of India Financial 15.02 10.27 3.35 5.24
equal Indusind Bank Financial 35.45 5.23 0.00 4.13
equal DCB Bank Financial 11.08 3.29 0.00 2.94
equal City Union Bank Financial 31.58 3.43 2.26 2.65
equal RBL Bank Financial 24.73 3.81 0.00 2.51
equal Karur Vysya Bank Financial 14.08 2.32 0.00 2.28
equal Federal Bank Financial 11.33 3.34 0.00 2.12
equal AU Small Finance Bank Financial 30.79 2.27 0.00 2.05
equal HDFC Financial 26.15 2.03
up Can Fin Homes Financial 14.34 1.88 0.00 1.88
equal M&M Financial Services Financial 31.79 3.96 0.00 1.85
equal Bank of Baroda Financial 14.36 2.61 0.00 1.66
equal Cholamandalam Invest. & Fin. Financial 32.27 3.27 0.00 1.55
equal Muthoot Finance Financial 14.42 2.77 0.00 1.51
down SBI Cards & Payments Services Financial 112.61 4.21 0.00 1.44
equal HDFC Life Insurance Financial 104.72 2.25 0.00 1.32
down SBI Life Insurance Company Financial 59.63 3.59 0.00 1.27
down HDFC Financial 26.15 6.12 0.00 1.16
equal ICICI Lombard General Insurance Company Financial 45.79 2.73 0.00 1.03
equal ICRA Financial 27.72 0.14 0.00 0.11

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-Jan-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:

-4.39%

Change from previous, NAV as on 26-Feb-2021

Growth: ₹ 28.3200

Dividend: ₹ 19.2500

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: 12.73%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 51 Cr (As on 31-Jan-2021)
Expense: 2.73% (As on 31-Jan-2021)
Risk Grade: Average
Return Grade: Average
Turnover: 81.00%

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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