VR Logo

Baroda Banking and Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.44 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.43 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund -1.20 -1.63 -0.44 -0.48 2.45 18.42 25.15 13.00 9.98 13.18 --
S&P BSE Bankex TRI -4.67 -1.58 -0.75 -1.99 -0.69 14.82 16.45 14.12 10.79 15.09 --
Equity: Sectoral-Banking -2.44 -1.77 -0.46 -2.00 1.09 16.81 21.53 13.09 11.41 14.86 --
Rank within category 3 3 5 3 4 4 6 5 6 6 --
Number of funds in category 13 13 13 13 13 12 12 11 8 7 0

As on 24-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 17.08 (04-Sep-2013 - 11-Sep-2013) -10.74 (17-Aug-2015 - 24-Aug-2015)
Month 24.58 (07-May-2014 - 06-Jun-2014) -18.95 (23-Jul-2013 - 22-Aug-2013)
Quarter 46.79 (21-Feb-2014 - 23-May-2014) -32.86 (29-May-2013 - 28-Aug-2013)
Year 90.59 (29-Jan-2014 - 29-Jan-2015) -27.76 (02-Mar-2015 - 01-Mar-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 15.77 16.65 0.61 0.88 0.88 -0.24
S&P BSE Bankex TRI 17.41 18.00 0.65 0.92 -- --
Equity: Sectoral-Banking 16.36 17.62 0.62 0.86 0.89 0.20
Rank within category 7 5 6 5 6 7
Number of funds in category 11 11 11 11 11 11

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

As on 31-Jan-2020

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 18
Top 10 Stocks (%) 85.03
Top 5 Stocks (%) 67.78
Top 3 Sectors (%) 93.98
Portfolio P/B Ratio 3.12
Portfolio P/E Ratio 29.61

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,30,333 2,10,056
Giant (%) 82.71 74.03
Large (%) 3.50 10.72
Mid (%) 11.12 12.56
Small (%) 2.67 4.61
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal ICICI Bank Financial 36.13 20.90 7.77 20.73
down HDFC Bank Financial 25.23 29.23 16.25 20.36
equal Kotak Mahindra Bank Financial 36.78 11.07 6.42 10.53
equal State Bank of India Financial 24.53 11.34 5.04 8.59
up Axis Bank Financial 42.77 11.32 2.51 7.57
equal Bajaj Finance Financial 53.00 5.44 0.00 5.44
equal HDFC Financial 18.18 6.12 0.00 4.51
equal City Union Bank Financial 21.84 3.43 0.00 3.36
new Cholamandalam Invest. & Fin. Financial 20.01 3.27 0.00 2.04
equal Muthoot Finance Financial 13.20 2.77 0.00 1.90
down DCB Bank Financial 14.08 2.30 0.00 1.48
down ICICI Prudential Life Insurance Co. Ltd. Financial 60.84 2.26 0.00 1.17
down AU Small Finance Bank Financial 52.54 2.27 0.00 1.10
equal ICICI Lombard General Insurance Financial 51.93 1.19 0.00 1.09
equal RBL Bank Financial 25.02 3.81 0.00 1.06
equal Multi Commodity Exchange India Financial 29.19 2.92 0.00 1.03
new SBI Life Insurance Company Financial 67.92 1.03 0.00 1.03
equal Motilal Oswal Financial Financial 19.89 1.07 0.00 0.99

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-2020

Fund Manager

— Dipak Acharya since 01-Jan-2013

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

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

Funds Managed:


-1.63%

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

Growth: ₹ 27.1900

Dividend: ₹ 18.7600


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: 01-Jan-2013
Return Since Launch: 11.88%
Benchmark: NIFTY Bank TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 48 Cr (As on 31-Jan-2020)
Expense: 1.94% (As on 31-Jan-2020)
Risk Grade: Average
Return Grade: Average
Turnover: 73.00%

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

Investors' Hangout

Time to bet big on mid- and small-cap funds?

dateFriday, 28-Feb-2020
time12:30 PM - 01:00 PM