Bajaj Finserv Banking and Financial Services Fund vs Tata NIFTY Financial Services Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Bajaj Finserv Banking and Financial Services Fund is a Thematic fund and Tata NIFTY Financial Services Index Fund is an Index fund. Bajaj Finserv Banking and Financial Services Fund charges 1.12% a year and Tata NIFTY Financial Services Index Fund 0.58% (Direct plans). Their portfolios overlap 60.6%: they hold 12 of the same securities.
Bajaj Finserv Banking and Financial Services Fund
Thematic
- Expense ratio
- 1.12%
- NAV
- ₹9.28
Tata NIFTY Financial Services Index Fund
Index
- Expense ratio
- 0.58%
- NAV
- ₹11.64
Which is better, Bajaj Finserv Banking and Financial Services or Tata NIFTY Financial Services Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Tata NIFTY Financial Services Index costs less: 0.58% a year against 1.12% (Direct plans).
- Bajaj Finserv Banking and Financial Services fell less in its worst fall since 03-12-2025: −15.6% against −17.4%.
- Tata NIFTY Financial Services Index holds more in large companies: 95.2% of the fund in large caps against 59.8%.
- Bajaj Finserv Banking and Financial Services is the larger fund: ₹469 Cr against ₹77 Cr.
- Their portfolios overlap 60.6%: 12 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Bajaj Finserv Banking and Financial Services Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Fund house | Bajaj Finserv Mutual Fund | Tata Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹469 Cr (30-09-2026) | ₹77 Cr (30-09-2026) |
| NAV | ₹9.28 (Direct) | ₹11.64 (Direct) |
| Expense ratio (Direct) | 1.12% | 0.58% |
| Expense ratio (Regular) | 2.81% | 1.13% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 01-12-2025 | 26-04-2024 |
| Minimum investment | ₹500 | ₹5,000 |
| Lock in | None | None |
| Fund managers | Kishore Agarwal, Sayan Das Sharma, Siddharth Chaudhary | Nitin Sharma, Rakesh Prajapati |
| Exit load | Exit load of 1%, if redeemed within 3 months. | Exit Load: 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
Bajaj Finserv Banking and Financial Services vs Tata NIFTY Financial Services Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Bajaj Finserv Banking and Financial Services Fund (Direct) | −1.80% | −7.21% | −2.54% | -- | -- | -- | -- |
| Tata NIFTY Financial Services Index Fund (Direct) | +0.27% | −5.76% | −3.15% | −9.46% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Bajaj Finserv Banking and Financial Services vs Tata NIFTY Financial Services Index: Year-wise Returns
| Year | Bajaj Finserv Banking and Financial ServicesBajaj Finserv Banking and Financial Services | Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −7.80% | −10.13% | −9.69% |
| 2025 | -- | +17.50% | +18.60% |
Bajaj Finserv Banking and Financial Services vs Tata NIFTY Financial Services Index: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Bajaj Finserv Banking and Financial Services vs Tata NIFTY Financial Services Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Bajaj Finserv Banking and Financial Services Fund (Direct) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.65% | +5.44% |
| Standard deviation | 16.55% | 16.69% |
| Sharpe ratio | -0.78 | -0.02 |
| Sortino ratio | -1.06 | -0.03 |
| Maximum drawdown | −15.6% (31-03-2026) | −17.4% (31-03-2026) |
| Beta | 0.89 | 1.00 |
| Alpha | +1.26% | −0.81% |
From daily NAVs, 03-12-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Bajaj Finserv Banking and Financial Services Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Financial Services TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Bajaj Finserv Banking and Financial Services Fund (Direct) | −15.6% | 18-02-2026 | 31-03-2026 | Not yet | -- | −9.9% |
| Tata NIFTY Financial Services Index Fund (Direct) | −17.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −12.7% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 03-12-2025, the first day every fund has.
Bajaj Finserv Banking and Financial Services vs Tata NIFTY Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: Bajaj Finserv Banking and Financial Services Fund, September 2026; Tata NIFTY Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 60.6%
- Held by both
- 12
- Only in Bajaj Finserv Banking and Financial Services
- 25
- Only in Tata NIFTY Financial Services Index
- 8
| Security | % of Bajaj Finserv Banking and Financial Services | % of Tata NIFTY Financial Services Index |
|---|---|---|
| HDFC Bank Limited | 15.23% | 18.64% |
| ICICI Bank Limited | 12.61% | 14.20% |
| State Bank of India | 8.21% | 9.94% |
| Bajaj Finance Limited | 5.49% | 8.62% |
| Kotak Mahindra Bank Limited | 5.05% | 10.11% |
| Axis Bank Limited | 5.00% | 10.18% |
| SBI Life Insurance Company Limited | 2.88% | 2.51% |
| Bajaj Finserv Limited | 1.84% | 3.31% |
| Cholamandalam Investment and Finance Company Ltd | 1.42% | 2.31% |
| Max Financial Services Limited | 1.23% | 1.18% |
| BSE Limited | 1.03% | 4.16% |
| Jio Financial Services Limited | 1.00% | 2.34% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 60.6% means 60.6% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Bajaj Finserv Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| RBL Bank Limited | 3.00% |
| SBI Funds Management Limited | 2.91% |
| Sundaram Finance Limited | 2.59% |
| The Federal Bank Limited | 2.50% |
| Niva Bupa Health Insurance Company Limited | 2.47% |
Largest holdings only in Tata NIFTY Financial Services Index Fund
| Security | % of fund |
|---|---|
| SHRIRAM FINANCE LTD | 4.53% |
| HDFC LIFE INSURANCE CO. LTD | 1.85% |
| POWER FINANCE CORPORATION LTD | 1.56% |
| ICICI LOMBARD GENERAL INSURANCE CO. LTD | 1.25% |
| REC LTD | 1.23% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Bajaj Finserv Banking and Financial Services | Tata NIFTY Financial Services Index |
|---|---|---|
| Equity | 95.7% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.3% | -0.0% |
Market cap of stocks
| Market cap | Bajaj Finserv Banking and Financial Services | Tata NIFTY Financial Services Index |
|---|---|---|
| Large Cap | 59.8% | 95.2% |
| Mid Cap | 10.4% | 4.2% |
| Small Cap | 20.6% | 0.5% |
| Not on AMFI's list | 4.9% | 0.0% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Bajaj Finserv Banking and Financial Services | Tata NIFTY Financial Services Index |
|---|---|---|
| Banks | 53.5% | 63.1% |
| Finance | 19.9% | 26.0% |
| Capital Markets | 10.9% | 4.2% |
| Insurance | 9.4% | 6.8% |
| Financial Technology (Fintech) | 1.5% | 0.0% |
| Commercial Services & Supplies | 0.5% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Bajaj Finserv Banking and Financial Services vs Tata NIFTY Financial Services Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Bajaj Finserv Banking and Financial Services Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.12% | 0.58% |
| Base expense ratio (Direct) | 0.66% | 0.39% |
| Total expense ratio (Regular) | 2.81% | 1.13% |
| Base expense ratio (Regular) | 2.09% | 0.90% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
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Bajaj Finserv Banking and Financial Services Fund vs Tata NIFTY Financial Services Index Fund: Frequently Asked Questions
What is the difference between Bajaj Finserv Banking and Financial Services Fund and Tata NIFTY Financial Services Index Fund?
Bajaj Finserv Banking and Financial Services Fund is a Thematic fund, Tata NIFTY Financial Services Index Fund is an Index fund, run by Bajaj Finserv Mutual Fund and Tata Mutual Fund. Their portfolios overlap 60.6%. Bajaj Finserv Banking and Financial Services Fund charges 1.12% a year and Tata NIFTY Financial Services Index Fund 0.58%.
Which has the lower expense ratio, Bajaj Finserv Banking and Financial Services Fund or Tata NIFTY Financial Services Index Fund?
Tata NIFTY Financial Services Index Fund charges less: 0.58% a year against 1.12%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Bajaj Finserv Banking and Financial Services Fund and Tata NIFTY Financial Services Index Fund overlap?
60.6%. They hold 12 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Bajaj Finserv Banking and Financial Services Fund or Tata NIFTY Financial Services Index Fund?
On SEBI's riskometer, Bajaj Finserv Banking and Financial Services Fund is rated Very High and Tata NIFTY Financial Services Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.55% and 16.69% a year.
Can I invest in both Bajaj Finserv Banking and Financial Services Fund and Tata NIFTY Financial Services Index Fund?
Yes. 60.6% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Bajaj Finserv Banking and Financial Services Fund and Tata NIFTY Financial Services Index Fund?
Bajaj Finserv Banking and Financial Services Fund: Kishore Agarwal, Sayan Das Sharma, Siddharth Chaudhary. Tata NIFTY Financial Services Index Fund: Nitin Sharma, Rakesh Prajapati.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.