Top Banking & Financial Services Mutual Funds (2026)
Ranked by 3 year return, Direct plans, as on the latest NAV · AUM as on 30-09-2026
There are 28 Banking & Financial Services mutual funds. Their average 3 year return is 11.3% a year, and −5.7% over the last year. The highest 3 year returns: quant BFSI Fund 17.6%, Invesco India Financial Services Fund 15.0%, SBI Banking & Financial Services Fund 14.6%.
- Total AUM
- ₹57,130 Cr
- As on 30-09-2026
- Funds
- 28
- From 28 fund houses
- Expense ratio
- 0.80% to 2.03%
- Direct plans, lowest to highest
- Average 3Y return
- 11.3%
- A year, Direct plans
All Banking & Financial Services Funds
Ranked by 3 year return, highest first
Ranked by 3 year return, highest first
| Exit load | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| quant BFSI Fund | 1 | 894 | −0.26% | +17.63% | -- | -- | Very High | 2.03% | 1% within 15 days | 19.02% |
| Invesco India Financial Services Fund | 2 | 1,789 | −2.22% | +15.03% | +12.58% | +14.83% | Very High | 0.96% | 1% within 1 year | 16.42% |
| SBI Banking & Financial Services Fund | 3 | 10,420 | −6.73% | +14.59% | +10.68% | +14.28% | -- | 1.18% | -- | 15.62% |
| Baroda BNP Paribas Banking and Financial Services Fund | 4 | 516 | −5.88% | +12.79% | +9.67% | +11.10% | -- | 1.09% | -- | 16.45% |
| Bandhan Financial Services Fund | 5 | 1,122 | −7.55% | +12.68% | -- | -- | Very High | 1.04% | 1% within 1 year | 15.53% |
| UTI - Banking and Financial Services Fund | 6 | 1,339 | −5.38% | +11.97% | +9.64% | +10.17% | Very High | 1.45% | 1% within 30 days | 15.95% |
| Kotak Banking And Financial Services Fund | 7 | 1,448 | −4.49% | +11.87% | -- | -- | Very High | 0.81% | 0.5% within 30 days | 16.58% |
| Mirae Asset Banking and Financial Services Fund | 8 | 2,196 | −5.17% | +11.77% | +10.56% | -- | Very High | 0.80% | 1% within 1 month | 15.58% |
| HDFC Banking & Financial Services Fund | 9 | 4,425 | −5.10% | +11.03% | +10.01% | -- | Very High | 0.96% | 1% within 30 days | 15.81% |
| ITI Banking and Financial Services Fund | 10 | 362 | −5.25% | +10.97% | -- | -- | Very High | 1.10% | 0.5% within 3 months | 16.16% |
| Sundaram Financial Services Opportunities Fund | 11 | 1,614 | −5.53% | +10.28% | +11.40% | +13.25% | Very High | 0.92% | 0.5% within 30 days | 16.68% |
| Tata Banking & Financial Services Fund | 12 | 3,053 | −8.46% | +10.13% | +10.01% | +13.54% | Very High | 0.94% | 0.25% within 30 days | 15.44% |
| Nippon India Banking & Financial Services Fund | 13 | 7,367 | −8.11% | +9.87% | +10.82% | +12.21% | Very High | 1.11% | 1% within 1 month | 15.26% |
| ICICI Prudential Banking & Financial Services Fund | 14 | 10,774 | −9.07% | +9.15% | +8.04% | +11.30% | -- | 1.25% | 1% within 15 days | 13.53% |
| Aditya Birla Sun Life Banking and Financial Services Fund | 15 | 3,406 | −7.36% | +8.97% | +8.60% | +11.20% | Very High | 1.14% | 1% within 30 days | 15.90% |
| Taurus Banking & Financial Services Fund | 16 | 10 | −9.25% | +7.86% | +7.20% | +11.70% | Very High | 1.84% | 1% within 365 days | 15.51% |
| LIC MF Banking and Financial Services Fund | 17 | 256 | −11.59% | +5.30% | +7.15% | +7.72% | Very High | 1.57% | 1% within 90 days | 16.19% |
| DSP Banking & Financial Services Fund | -- | 2,034 | −0.55% | -- | -- | -- | Very High | 0.80% | Varies | -- |
| HSBC Financial Services Fund | -- | 903 | −1.91% | -- | -- | -- | Very High | 0.99% | 1% within 90 days | -- |
| WhiteOak Capital Banking & Financial Services Fund | -- | 626 | −6.00% | -- | -- | -- | Very High | 1.06% | None | -- |
| Canara Robeco Banking and Financial Services Fund | -- | 624 | -- | -- | -- | -- | Very High | 1.05% | 1% within 365 days | -- |
| Bajaj Finserv Banking and Financial Services Fund | -- | 469 | -- | -- | -- | -- | Very High | 1.12% | 1% within 3 months | -- |
| MahindraManulife Banking & Financial Services Fund | -- | 445 | −3.33% | -- | -- | -- | Very High | 1.13% | 0.5% within 3 months | -- |
| Edelweiss Financial Services Fund | -- | 274 | -- | -- | -- | -- | Very High | 0.96% | 1% within 90 days | -- |
| Bank of India Banking & Financial Services Fund | -- | 249 | -- | -- | -- | -- | Very High | 1.68% | 1% within 3 months | -- |
| Motilal Oswal Financial Services Fund | -- | 209 | -- | -- | -- | -- | -- | 1.32% | -- | -- |
| Helios Financial Services Fund | -- | 196 | −9.47% | -- | -- | -- | Very High | 1.16% | 1% within 3 months | -- |
| Groww Banking & Financial Services Fund | -- | 107 | −1.57% | -- | -- | -- | Very High | 1.30% | 1% within 30 days | -- |
Returns of each fund's Direct plan (its only plan where it has one), as on the latest NAV. 3, 5 and 10 year figures are a rate a year. Std dev: how much the daily returns swung over 3 years, as a yearly figure; lower is steadier. Riskometer and exit load from the fund's scheme summary document; "Varies" means the load changes with how long you hold, and the fund page has the full wording. Expense ratio: Direct plan, from AMFI. AUM at the end of the fund's last reported month. A fund younger than 3 years has no rank and is listed after the ranked ones.
Stocks Banking & Financial Services Funds Bought and Sold in September 2026
What the 5 largest Banking & Financial Services funds changed in their September 2026 portfolios, against the month before
Bought
| Stock | New in | Added by |
|---|---|---|
| National Stock Exchange of India Ltd.SBI Banking & Financial Services, HDFC Banking & Financial Services, Aditya Birla Sun Life Banking and Financial Services | 3 funds | -- |
| SBI Cards & Payment Services Ltd.ICICI Prudential Banking & Financial Services, SBI Banking & Financial Services, Nippon India Banking & Financial Services | -- | 3 funds |
| Moneyview Ltd.SBI Banking & Financial Services, Aditya Birla Sun Life Banking and Financial Services | 2 funds | -- |
| BSE Ltd.SBI Banking & Financial Services, HDFC Banking & Financial Services | 1 fund | 1 fund |
| HDFC Bank Ltd.ICICI Prudential Banking & Financial Services, Nippon India Banking & Financial Services | -- | 2 funds |
| Bajaj Finance Ltd.ICICI Prudential Banking & Financial Services, Aditya Birla Sun Life Banking and Financial Services | -- | 2 funds |
| HDFC Life Insurance Company Ltd.SBI Banking & Financial Services, Nippon India Banking & Financial Services | -- | 2 funds |
| Max Financial Services Ltd.ICICI Prudential Banking & Financial Services, Nippon India Banking & Financial Services | -- | 2 funds |
| Axis Bank Ltd.SBI Banking & Financial Services | 1 fund | -- |
| Billionbrains Garage Ventures Ltd.SBI Banking & Financial Services | 1 fund | -- |
Sold
| Stock | Exited by | Reduced by |
|---|---|---|
| State Bank Of IndiaSBI Banking & Financial Services, Nippon India Banking & Financial Services | 1 fund | 1 fund |
| Bajaj Finance Ltd.SBI Banking & Financial Services, Nippon India Banking & Financial Services | 1 fund | 1 fund |
| ICICI Prudential Asset Management Company LimitedNippon India Banking & Financial Services, Aditya Birla Sun Life Banking and Financial Services | 1 fund | 1 fund |
| One 97 Communications LimitedNippon India Banking & Financial Services, HDFC Banking & Financial Services | 1 fund | 1 fund |
| SBI Life Insurance Company Ltd.Nippon India Banking & Financial Services | 1 fund | -- |
| UTI Asset Management Company LimitedNippon India Banking & Financial Services | 1 fund | -- |
| PB Fintech Ltd.SBI Banking & Financial Services | 1 fund | -- |
| SBFC Finance LimitedHDFC Banking & Financial Services | 1 fund | -- |
| Pine Labs Ltd.SBI Banking & Financial Services | 1 fund | -- |
| HDFC Bank Ltd.SBI Banking & Financial Services | -- | 1 fund |
From each fund's own monthly portfolio, stocks only. "New in" means the fund did not hold the stock the month before; "Exited by" means it sold all of it. Added and reduced count shares held, so a price move alone is not a change. Funds counted: ICICI Prudential Banking & Financial Services Fund, SBI Banking & Financial Services Fund, Nippon India Banking & Financial Services Fund, HDFC Banking & Financial Services Fund, Aditya Birla Sun Life Banking and Financial Services Fund.
Compare Banking & Financial Services Funds
The largest funds of the category, side by side
- ICICI Prudential Banking & Financial Services vs SBI Banking & Financial Services
- ICICI Prudential Banking & Financial Services vs Nippon India Banking & Financial Services
- ICICI Prudential Banking & Financial Services vs HDFC Banking & Financial Services
- SBI Banking & Financial Services vs Nippon India Banking & Financial Services
- SBI Banking & Financial Services vs HDFC Banking & Financial Services
- Nippon India Banking & Financial Services vs HDFC Banking & Financial Services
How Banking & Financial Services Funds Are Taxed
As equity funds: 65% or more of each fund is in Indian stocks
| When you sell | Tax on the gain |
|---|---|
| Within 1 year | 20% of the gain (short term) |
| After 1 year | 12.5% of gains above ₹1.25 lakh a financial year (long term) |
- IDCW (dividend) payouts are added to your income and taxed at your slab rate.
- A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
What Is a Banking & Financial Services Fund?
Sector and theme funds that invest in banks, lenders, insurers and other financial companies. SEBI requires at least 80% of such a fund in its sector or theme.
Other sector and theme categories: Technology · Healthcare & Pharma · Infrastructure · Consumption · Manufacturing · PSU · Energy & Commodities · MNC · ESG · Business Cycle · Transport & Auto
Banking & Financial Services Funds: Frequently Asked Questions
Which are the top Banking & Financial Services mutual funds?
By 3 year return, the top Banking & Financial Services funds are 1. quant BFSI Fund (17.6% a year), 2. Invesco India Financial Services Fund (15.0% a year), 3. SBI Banking & Financial Services Fund (14.6% a year), 4. Baroda BNP Paribas Banking and Financial Services Fund (12.8% a year), 5. Bandhan Financial Services Fund (12.7% a year). Past returns do not promise future returns, so also look at costs, risk and how long each fund has done well.
How many Banking & Financial Services funds are there?
28 Banking & Financial Services funds are open for investment, from 28 fund houses.
What is a Banking & Financial Services fund?
Sector and theme funds that invest in banks, lenders, insurers and other financial companies. SEBI requires at least 80% of such a fund in its sector or theme.
What is the average return of Banking & Financial Services funds?
1 year: -5.7%, 3 years: 11.3% a year, 5 years: 9.7% a year. The simple average of every Banking & Financial Services fund's Direct plan.
Which Banking & Financial Services fund has the lowest expense ratio?
Mirae Asset Banking and Financial Services Fund, at 0.80% a year (Direct plan), as reported to AMFI.
Which is the largest Banking & Financial Services fund?
ICICI Prudential Banking & Financial Services Fund, with ₹10,774 Cr of investors' money on 30-09-2026.
How are Banking & Financial Services funds taxed?
As equity funds: gains on units sold within 1 year are taxed at 20%; after that, gains above ₹1.25 lakh a financial year are taxed at 12.5%.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.