Baroda BNP Paribas Banking and Financial Services Fund vs Invesco India Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Baroda BNP Paribas Banking and Financial Services Fund is a Thematic fund and Invesco India Financial Services Fund is a Sectoral fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Banking and Financial Services Fund (Direct) returned 12.8% a year and Invesco India Financial Services Fund (Direct) returned 15.0% a year. Baroda BNP Paribas Banking and Financial Services Fund charges 1.09% a year and Invesco India Financial Services Fund 0.96% (Direct plans). Their portfolios overlap 55.1%: they hold 21 of the same securities.
Baroda BNP Paribas Banking and Financial Services Fund
Thematic
- 3 year return
- 12.8%
- Expense ratio
- 1.09%
- NAV
- ₹52.42
Invesco India Financial Services Fund
Sectoral
- 3 year return
- 15.0%
- Expense ratio
- 0.96%
- NAV
- ₹166.82
Which is better, Baroda BNP Paribas Banking and Financial Services or Invesco India Financial Services? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Invesco India Financial Services returned more over 5 years: 12.6% a year against 9.7%.
- Invesco India Financial Services returned more over 3 years: 15.0% a year against 12.8%.
- Invesco India Financial Services costs less: 0.96% a year against 1.09% (Direct plans).
- Invesco India Financial Services swung less over 3 years: a standard deviation of 16.4% a year against 16.4%.
- Invesco India Financial Services fell less in its worst fall since 02-01-2013: −42.4% against −42.8%.
- Invesco India Financial Services is the larger fund: ₹1,789 Cr against ₹516 Cr.
- Their portfolios overlap 55.1%: 21 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 | Baroda BNP Paribas Banking and Financial Services Fund | Invesco India Financial Services Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | Invesco Mutual Fund |
| Category | Thematic | Sectoral |
| AUM | ₹516 Cr (30-09-2026) | ₹1,789 Cr (30-09-2026) |
| NAV | ₹52.42 (Direct) | ₹166.82 (Direct) |
| Expense ratio (Direct) | 1.09% | 0.96% |
| Expense ratio (Regular) | 2.69% | 2.18% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Financial Services TRI |
| Launch date | Not available | 14-07-2008 |
| Minimum investment | Not available | Not available |
| Lock in | Not available | None |
| Fund managers | Not available | Hiten Jain, Haresh Kapoor |
| Exit load | Not available | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. |
Baroda BNP Paribas Banking and Financial Services vs Invesco India Financial Services: 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 |
|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services Fund (Direct) | −2.92% | −6.09% | −1.57% | −5.88% | +12.79% | +9.67% | +11.10% |
| Invesco India Financial Services Fund (Direct) | −0.67% | −5.87% | −1.64% | −2.22% | +15.03% | +12.58% | +14.83% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | +14.77% |
Category average: the average of the 235 Thematic funds and the 20 Sectoral funds, same plan type.
Baroda BNP Paribas Banking and Financial Services vs Invesco India Financial Services: Year-wise Returns
| Year | Baroda BNP Paribas Banking andBaroda BNP Paribas Banking and Financial Services | Invesco IndiaInvesco India Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −6.98% | −4.74% | −9.69% |
| 2025 | +16.30% | +16.58% | +18.60% |
| 2024 | +14.00% | +21.45% | +10.52% |
| 2023 | +21.84% | +27.66% | +14.31% |
| 2022 | +16.70% | +14.38% | +10.47% |
| 2021 | +8.97% | +15.62% | +14.55% |
Baroda BNP Paribas Banking and Financial Services vs Invesco India Financial Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Rolling returns
Every 3-year holding period, 2,667 of them, one for each trading day from 04-01-2016 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Invesco India Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Nov 2016Sept 2015
to
Sept 2018Jul 2017
to
Jul 2020May 2019
to
May 2022Mar 2021
to
Mar 2024Dec 2022
to
Dec 2025
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services | 5.2 | 3.8 | 18.9 | 29.5 | 28.6 | 11.5 | 2.4 | 13.4% | 14.1% | −7.6% | 29.4% | 32% |
| Invesco India Financial Services | 1.8 | 4.5 | 6.9 | 16.8 | 29.8 | 31.2 | 9.0 | 17.5% | 18.6% | −4.0% | 33.6% | 66% |
| Nifty Financial Services TRI | 0.4 | 4.4 | 12.2 | 36.7 | 25.9 | 15.9 | 4.5 | 15.1% | 14.5% | −2.1% | 31.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty Financial Services TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 02-01-2013. Past returns do not promise future returns.
Baroda BNP Paribas Banking and Financial Services vs Invesco India Financial Services: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 02-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial ServicesBaroda BNP Paribas Banking and Financial Services Fund (Direct) | ₹16,60,000 | ₹40,00,581 | ₹23,40,581 | 11.9% |
| Invesco India Financial ServicesInvesco India Financial Services Fund (Direct) | ₹16,60,000 | ₹53,04,439 | ₹36,44,439 | 15.5% |
Baroda BNP Paribas Banking and Financial ServicesBaroda BNP Paribas Banking and Financial Services Fund (Direct)
Invesco India Financial ServicesInvesco India Financial Services Fund (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
Baroda BNP Paribas Banking and Financial Services vs Invesco India Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Baroda BNP Paribas Banking and Financial Services Fund (Direct) | Invesco India Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.88% | −2.22% |
| Standard deviation | 17.42% | 17.82% |
| Sharpe ratio | -0.64 | -0.42 |
| Sortino ratio | -0.88 | -0.59 |
| Maximum drawdown | −16.4% (31-03-2026) | −14.7% (30-03-2026) |
| Beta | 0.95 | 0.97 |
| Alpha | +2.35% | +6.17% |
From daily NAVs, 30-10-2025 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.
| Measure | Baroda BNP Paribas Banking and Financial Services Fund (Direct) | Invesco India Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.79% | +15.03% |
| Standard deviation | 16.45% | 16.42% |
| Sharpe ratio | 0.41 | 0.55 |
| Sortino ratio | 0.57 | 0.77 |
| Maximum drawdown | −16.4% (31-03-2026) | −14.9% (03-03-2025) |
| Beta | 0.96 | 0.93 |
| Alpha | +3.16% | +5.53% |
From daily NAVs, 30-10-2023 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.
| Measure | Baroda BNP Paribas Banking and Financial Services Fund (Direct) | Invesco India Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.67% | +12.58% |
| Standard deviation | 16.52% | 16.47% |
| Sharpe ratio | 0.23 | 0.41 |
| Sortino ratio | 0.32 | 0.57 |
| Maximum drawdown | −19.6% (16-06-2022) | −21.3% (20-06-2022) |
| Beta | 0.95 | 0.92 |
| Alpha | +3.08% | +6.01% |
From daily NAVs, 29-10-2021 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.
| Measure | Baroda BNP Paribas Banking and Financial Services Fund (Direct) | Invesco India Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.13% | +14.95% |
| Standard deviation | 20.73% | 19.99% |
| Sharpe ratio | 0.25 | 0.45 |
| Sortino ratio | 0.34 | 0.62 |
| Maximum drawdown | −42.8% (23-03-2020) | −42.4% (23-03-2020) |
| Beta | 0.95 | 0.91 |
| Alpha | −1.38% | +2.67% |
From daily NAVs, 02-01-2013 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.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Invesco India Financial Services 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 |
|---|---|---|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services Fund (Direct) | −42.8% | 16-01-2020 | 23-03-2020 | 05-01-2021 | 9 months | −9.7% |
| Invesco India Financial Services Fund (Direct) | −42.4% | 12-02-2020 | 23-03-2020 | 17-12-2020 | 9 months | −8.6% |
| Nifty Financial Services TRI | −43.5% | 02-01-2020 | 23-03-2020 | 15-12-2020 | 9 months | −12.4% |
From daily values since 02-01-2013, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Invesco India Financial Services Fund (Direct)
Nifty Financial Services TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Invesco India Financial Services Fund (Direct)
Nifty Financial Services TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Baroda BNP Paribas Banking and Financial Services Fund (Direct)
Invesco India Financial Services Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Baroda BNP Paribas Banking and Financial Services Fund (Direct) | 97% | 103% | 5.90% |
| Invesco India Financial Services Fund (Direct) | 99% | 90% | 5.53% |
From month-end values since 02-01-2013. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Baroda BNP Paribas Banking and Financial Services vs Invesco India Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Banking and Financial Services Fund, September 2026; Invesco India Financial Services Fund, September 2026
Holdings in common
- Overlap
- 55.1%
- Held by both
- 21
- Only in Baroda BNP Paribas Banking and Financial Services
- 17
- Only in Invesco India Financial Services
- 13
| Security | % of Baroda BNP Paribas Banking and Financial Services | % of Invesco India Financial Services |
|---|---|---|
| ICICI Bank Limited | 9.22% | 12.84% |
| HDFC Bank Limited | 6.25% | 5.98% |
| Axis Bank Limited | 5.89% | 6.95% |
| Kotak Mahindra Bank Limited | 5.45% | 4.38% |
| Shriram Finance Limited | 3.85% | 4.02% |
| Multi Commodity Exchange of India Limited | 3.58% | 4.63% |
| Karur Vysya Bank Limited | 2.61% | 5.13% |
| Cholamandalam Investment and Finance Company Ltd | 2.55% | 3.54% |
| BSE Limited | 2.45% | 3.85% |
| IndusInd Bank Limited | 2.53% | 2.02% |
| The Federal Bank Limited | 1.72% | 2.10% |
| SBI Life Insurance Company Limited | 1.64% | 2.52% |
| ICICI Prudential Asset Management Company Limited | 1.64% | 4.21% |
| RBL Bank Limited | 2.15% | 1.62% |
| PB Fintech Limited | 1.73% | 1.34% |
| Prudent Corporate Advisory Services Limited | 1.52% | 1.01% |
| Aadhar Housing Finance Limited | 0.97% | 1.45% |
| L&T Finance Limited | 0.92% | 1.98% |
| Max Financial Services Limited | 0.80% | 1.33% |
| One 97 Communications Limited | 3.27% | 0.61% |
| Muthoot Finance Limited | 0.32% | 1.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 55.1% means 55.1% 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 Baroda BNP Paribas Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| State Bank of India | 6.99% |
| Bajaj Finance Limited | 5.08% |
| PNB Housing Finance Limited | 3.11% |
| Manipal Payment and Identity Solutions Ltd | 2.92% |
| Ujjivan Small Finance Bank Limited | 2.88% |
Largest holdings only in Invesco India Financial Services Fund
| Security | % of fund |
|---|---|
| Nuvama Wealth Management Ltd | 3.45% |
| Indian Bank | 2.95% |
| Computer Age Management Services Limited | 2.35% |
| Gaja Alternative Asset Management Ltd | 2.17% |
| Can Fin Homes Limited | 1.77% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Banking and Financial Services | Invesco India Financial Services |
|---|---|---|
| Equity | 96.4% | 95.7% |
| Debt | 0.9% | 0.0% |
| Cash and others | 2.6% | 4.3% |
Market cap of stocks
| Market cap | Baroda BNP Paribas Banking and Financial Services | Invesco India Financial Services |
|---|---|---|
| Large Cap | 54.7% | 53.8% |
| Mid Cap | 21.8% | 15.6% |
| Small Cap | 15.9% | 24.2% |
| Not on AMFI's list | 4.0% | 2.2% |
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 | Baroda BNP Paribas Banking and Financial Services | Invesco India Financial Services |
|---|---|---|
| Banks | 51.7% | 45.3% |
| Capital Markets | 12.6% | 26.1% |
| Finance | 21.0% | 17.0% |
| Financial Technology (Fintech) | 7.9% | 1.9% |
| Insurance | 3.2% | 5.5% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Banking and Financial Services vs Invesco India Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Baroda BNP Paribas Banking and Financial Services Fund | Invesco India Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 0.96% |
| Base expense ratio (Direct) | 0.68% | 0.71% |
| Total expense ratio (Regular) | 2.69% | 2.18% |
| Base expense ratio (Regular) | 2.08% | 1.78% |
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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Baroda BNP Paribas Banking and Financial Services Fund vs Invesco India Financial Services Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Banking and Financial Services Fund and Invesco India Financial Services Fund?
Baroda BNP Paribas Banking and Financial Services Fund is a Thematic fund, Invesco India Financial Services Fund is a Sectoral fund, run by Baroda BNP Paribas Mutual Fund and Invesco Mutual Fund. Their portfolios overlap 55.1%. Baroda BNP Paribas Banking and Financial Services Fund charges 1.09% a year and Invesco India Financial Services Fund 0.96%.
Which has given higher returns, Baroda BNP Paribas Banking and Financial Services Fund or Invesco India Financial Services Fund?
Over 1 year: Baroda BNP Paribas Banking and Financial Services Fund −5.88%, Invesco India Financial Services Fund −2.22%. Over 3 years: Baroda BNP Paribas Banking and Financial Services Fund +12.79% a year, Invesco India Financial Services Fund +15.03% a year. Over 5 years: Baroda BNP Paribas Banking and Financial Services Fund +9.67% a year, Invesco India Financial Services Fund +12.58% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Baroda BNP Paribas Banking and Financial Services Fund or Invesco India Financial Services Fund?
Invesco India Financial Services Fund charges less: 0.96% a year against 1.09%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Banking and Financial Services Fund and Invesco India Financial Services Fund overlap?
55.1%. They hold 21 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Banking and Financial Services Fund or Invesco India Financial Services Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,85,108 in Baroda BNP Paribas Banking and Financial Services Fund (XIRR 9.9% a year) and ₹8,52,847 in Invesco India Financial Services Fund (XIRR 13.2% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both Baroda BNP Paribas Banking and Financial Services Fund and Invesco India Financial Services Fund?
Yes. 55.1% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
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.