Baroda BNP Paribas Banking and Financial Services Fund vs LIC MF Banking and 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 LIC MF Banking and Financial Services Fund is a Thematic fund. In the 3 years to 30-10-2026, Baroda BNP Paribas Banking and Financial Services Fund (Direct) returned 12.8% a year and LIC MF Banking and Financial Services Fund (Direct) returned 5.3% a year. Baroda BNP Paribas Banking and Financial Services Fund charges 1.09% a year and LIC MF Banking and Financial Services Fund 1.57% (Direct plans). Their portfolios overlap 54.0%: they hold 18 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
LIC MF Banking and Financial Services Fund
Thematic
- 3 year return
- 5.3%
- Expense ratio
- 1.57%
- NAV
- ₹22.00
Which is better, Baroda BNP Paribas Banking and Financial Services or LIC MF Banking and 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.
- Baroda BNP Paribas Banking and Financial Services returned more over 5 years: 9.7% a year against 7.2%.
- Baroda BNP Paribas Banking and Financial Services returned more over 3 years: 12.8% a year against 5.3%.
- Baroda BNP Paribas Banking and Financial Services costs less: 1.09% a year against 1.57% (Direct plans).
- LIC MF Banking and Financial Services swung less over 3 years: a standard deviation of 16.2% a year against 16.4%.
- Baroda BNP Paribas Banking and Financial Services fell less in its worst fall since 30-03-2015: −42.8% against −44.8%.
- Baroda BNP Paribas Banking and Financial Services holds more in large companies: 54.7% of the fund in large caps against 38.9%.
- Baroda BNP Paribas Banking and Financial Services is the larger fund: ₹516 Cr against ₹256 Cr.
- Their portfolios overlap 54.0%: 18 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 | LIC MF Banking and Financial Services Fund |
|---|---|---|
| Fund house | Baroda BNP Paribas Mutual Fund | LIC Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹516 Cr (30-09-2026) | ₹256 Cr (30-09-2026) |
| NAV | ₹52.42 (Direct) | ₹22.00 (Direct) |
| Expense ratio (Direct) | 1.09% | 1.57% |
| Expense ratio (Regular) | 2.69% | 2.78% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Financial Services TRI |
| Launch date | Not available | 27-03-2015 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Sudhanshu Asthana |
| Exit load | Not available | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 90 days. |
Baroda BNP Paribas Banking and Financial Services vs LIC MF Banking and 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% |
| LIC MF Banking and Financial Services Fund (Direct) | −4.47% | −10.44% | −7.19% | −11.59% | +5.30% | +7.15% | +7.72% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
Baroda BNP Paribas Banking and Financial Services vs LIC MF Banking and Financial Services: Year-wise Returns
| Year | Baroda BNP ParibasBaroda BNP Paribas Banking and Financial Services | LIC MFLIC MF Banking and Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −6.98% | −13.07% | −9.69% |
| 2025 | +16.30% | +18.03% | +18.60% |
| 2024 | +14.00% | +2.17% | +10.52% |
| 2023 | +21.84% | +22.00% | +14.31% |
| 2022 | +16.70% | +20.97% | +10.47% |
| 2021 | +8.97% | +11.28% | +14.55% |
Baroda BNP Paribas Banking and Financial Services vs LIC MF Banking and 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, 2,115 of them, one for each trading day from 02-04-2018 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)
LIC MF Banking and Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Dec 2018May 2017
to
May 2020Nov 2018
to
Nov 2021Apr 2020
to
Apr 2023Oct 2021
to
Oct 2024Feb 2023
to
Feb 2026
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 | 6.6 | 3.2 | 17.4 | 31.2 | 30.9 | 9.5 | 1.3 | 13.1% | 13.9% | −7.6% | 29.3% | 35% |
| LIC MF Banking and Financial Services | 10.2 | 12.1 | 24.5 | 31.5 | 12.8 | 3.5 | 5.3 | 10.0% | 10.8% | −13.6% | 31.1% | 28% |
| Nifty Financial Services TRI | 0.5 | 5.6 | 13.0 | 38.9 | 22.3 | 15.2 | 4.7 | 14.7% | 14.1% | −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 30-03-2015. Past returns do not promise future returns.
Baroda BNP Paribas Banking and Financial Services vs LIC MF Banking and 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 02-03-2015 to 30-10-2026: 140 instalments, ₹14,00,000 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) | ₹14,00,000 | ₹28,30,667 | ₹14,30,667 | 11.5% |
| LIC MF Banking and Financial ServicesLIC MF Banking and Financial Services Fund (Direct) | ₹14,00,000 | ₹23,29,850 | ₹9,29,850 | 8.4% |
Baroda BNP Paribas Banking and Financial ServicesBaroda BNP Paribas Banking and Financial Services Fund (Direct)
LIC MF Banking and Financial ServicesLIC MF Banking and 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 LIC MF Banking and 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) | LIC MF Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.88% | −11.59% |
| Standard deviation | 17.42% | 17.67% |
| Sharpe ratio | -0.64 | -0.95 |
| Sortino ratio | -0.88 | -1.27 |
| Maximum drawdown | −16.4% (31-03-2026) | −16.3% (31-03-2026) |
| Beta | 0.95 | 0.95 |
| Alpha | +2.35% | −3.42% |
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) | LIC MF Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +12.79% | +5.30% |
| Standard deviation | 16.45% | 16.19% |
| Sharpe ratio | 0.41 | -0.05 |
| Sortino ratio | 0.57 | -0.06 |
| Maximum drawdown | −16.4% (31-03-2026) | −16.3% (31-03-2026) |
| Beta | 0.96 | 0.94 |
| Alpha | +3.16% | −4.23% |
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) | LIC MF Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +9.67% | +7.15% |
| Standard deviation | 16.52% | 16.33% |
| Sharpe ratio | 0.23 | 0.08 |
| Sortino ratio | 0.32 | 0.11 |
| Maximum drawdown | −19.6% (16-06-2022) | −19.4% (07-03-2022) |
| Beta | 0.95 | 0.92 |
| Alpha | +3.08% | +0.58% |
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) | LIC MF Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.13% | +7.03% |
| Standard deviation | 20.73% | 20.65% |
| Sharpe ratio | 0.25 | 0.07 |
| Sortino ratio | 0.34 | 0.10 |
| Maximum drawdown | −42.8% (23-03-2020) | −44.8% (23-03-2020) |
| Beta | 0.95 | 0.92 |
| Alpha | −1.38% | −4.17% |
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)
LIC MF Banking and 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% |
| LIC MF Banking and Financial Services Fund (Direct) | −44.8% | 03-11-2017 | 23-03-2020 | 02-02-2021 | 10 months | −15.1% |
| Nifty Financial Services TRI | −43.5% | 02-01-2020 | 23-03-2020 | 15-12-2020 | 9 months | −12.4% |
From daily values since 30-03-2015, 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)
LIC MF Banking and 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)
LIC MF Banking and 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)
LIC MF Banking and 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% | 99% | 5.44% |
| LIC MF Banking and Financial Services Fund (Direct) | 92% | 108% | 8.82% |
From month-end values since 30-03-2015. 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 LIC MF Banking and Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Baroda BNP Paribas Banking and Financial Services Fund, September 2026; LIC MF Banking and Financial Services Fund, September 2026
Holdings in common
- Overlap
- 54.0%
- Held by both
- 18
- Only in Baroda BNP Paribas Banking and Financial Services
- 20
- Only in LIC MF Banking and Financial Services
- 6
| Security | % of Baroda BNP Paribas Banking and Financial Services | % of LIC MF Banking and Financial Services |
|---|---|---|
| ICICI Bank Limited | 9.22% | 13.61% |
| Axis Bank Limited | 5.89% | 5.32% |
| HDFC Bank Limited | 6.25% | 5.08% |
| Bajaj Finance Limited | 5.08% | 4.86% |
| Shriram Finance Limited | 3.85% | 4.00% |
| One 97 Communications Limited | 3.27% | 5.24% |
| Karur Vysya Bank Limited | 2.61% | 3.40% |
| Cholamandalam Investment and Finance Company Ltd | 2.55% | 2.78% |
| IndusInd Bank Limited | 2.53% | 4.62% |
| BSE Limited | 2.45% | 3.29% |
| Ujjivan Small Finance Bank Limited | 2.88% | 2.37% |
| Aditya Birla Capital Limited | 1.92% | 3.02% |
| AU Small Finance Bank Limited | 1.82% | 7.33% |
| PB Fintech Limited | 1.73% | 2.99% |
| City Union Bank Limited | 1.36% | 4.60% |
| 360 One WAM Limited | 1.28% | 2.29% |
| Aadhar Housing Finance Limited | 0.97% | 2.01% |
| Max Financial Services Limited | 0.80% | 2.42% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.0% means 54.0% 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% |
| Kotak Mahindra Bank Limited | 5.45% |
| Multi Commodity Exchange of India Limited | 3.58% |
| PNB Housing Finance Limited | 3.11% |
| Manipal Payment and Identity Solutions Ltd | 2.92% |
Largest holdings only in LIC MF Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| Nippon Life India Asset Management Ltd. | 3.28% |
| Motilal Oswal Financial Services Ltd. | 3.22% |
| DCB Bank Ltd. | 3.02% |
| Creditaccess Grameen Ltd. | 2.70% |
| Aditya Birla Sun Life AMC Ltd. | 2.36% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Baroda BNP Paribas Banking and Financial Services | LIC MF Banking and 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 | LIC MF Banking and Financial Services |
|---|---|---|
| Large Cap | 54.7% | 38.9% |
| Mid Cap | 21.8% | 34.4% |
| Small Cap | 15.9% | 22.4% |
| Not on AMFI's list | 4.0% | 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 | Baroda BNP Paribas Banking and Financial Services | LIC MF Banking and Financial Services |
|---|---|---|
| Banks | 51.7% | 49.4% |
| Finance | 21.0% | 21.3% |
| Capital Markets | 12.6% | 14.4% |
| Financial Technology (Fintech) | 7.9% | 8.2% |
| Insurance | 3.2% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
Baroda BNP Paribas Banking and Financial Services vs LIC MF Banking and 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 | LIC MF Banking and Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.09% | 1.57% |
| Base expense ratio (Direct) | 0.68% | 1.02% |
| Total expense ratio (Regular) | 2.69% | 2.78% |
| Base expense ratio (Regular) | 2.08% | 2.10% |
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
Compare Baroda BNP Paribas Banking and Financial Services with
- Baroda BNP Paribas Banking and Financial Services vs Nippon India Taiwan Equity
- Baroda BNP Paribas Banking and Financial Services vs HDFC Defence
- Baroda BNP Paribas Banking and Financial Services vs HDFC Pharma and Healthcare
- Baroda BNP Paribas Banking and Financial Services vs SBI Healthcare Opportunities
- Baroda BNP Paribas Banking and Financial Services vs Aditya Birla Sun Life International Equity
Compare LIC MF Banking and Financial Services with
- LIC MF Banking and Financial Services vs Nippon India Taiwan Equity
- LIC MF Banking and Financial Services vs HDFC Defence
- LIC MF Banking and Financial Services vs HDFC Pharma and Healthcare
- LIC MF Banking and Financial Services vs SBI Healthcare Opportunities
- LIC MF Banking and Financial Services vs Aditya Birla Sun Life International Equity
Baroda BNP Paribas Banking and Financial Services Fund vs LIC MF Banking and Financial Services Fund: Frequently Asked Questions
What is the difference between Baroda BNP Paribas Banking and Financial Services Fund and LIC MF Banking and Financial Services Fund?
Baroda BNP Paribas Banking and Financial Services Fund is a Thematic fund, LIC MF Banking and Financial Services Fund is a Thematic fund, run by Baroda BNP Paribas Mutual Fund and LIC Mutual Fund. Their portfolios overlap 54.0%. Baroda BNP Paribas Banking and Financial Services Fund charges 1.09% a year and LIC MF Banking and Financial Services Fund 1.57%.
Which has given higher returns, Baroda BNP Paribas Banking and Financial Services Fund or LIC MF Banking and Financial Services Fund?
Over 1 year: Baroda BNP Paribas Banking and Financial Services Fund −5.88%, LIC MF Banking and Financial Services Fund −11.59%. Over 3 years: Baroda BNP Paribas Banking and Financial Services Fund +12.79% a year, LIC MF Banking and Financial Services Fund +5.30% a year. Over 5 years: Baroda BNP Paribas Banking and Financial Services Fund +9.67% a year, LIC MF Banking and Financial Services Fund +7.15% 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 LIC MF Banking and Financial Services Fund?
Baroda BNP Paribas Banking and Financial Services Fund charges less: 1.09% a year against 1.57%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Baroda BNP Paribas Banking and Financial Services Fund and LIC MF Banking and Financial Services Fund overlap?
54.0%. They hold 18 of the same securities, the largest shared ones being ICICIBANK, AXISBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is better for SIP, Baroda BNP Paribas Banking and Financial Services Fund or LIC MF Banking and 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 ₹6,98,052 in LIC MF Banking and Financial Services Fund (XIRR 5.3% 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 LIC MF Banking and Financial Services Fund?
Yes. 54.0% 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.