Canara Robeco Banking and Financial Services Fund vs MahindraManulife Banking & Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Canara Robeco Banking and Financial Services Fund is a Sectoral fund and MahindraManulife Banking & Financial Services Fund is a Sectoral fund. Canara Robeco Banking and Financial Services Fund charges 1.05% a year and MahindraManulife Banking & Financial Services Fund 1.13% (Direct plans). Their portfolios overlap 69.5%: they hold 19 of the same securities.
Canara Robeco Banking and Financial Services Fund
Sectoral
- Expense ratio
- 1.05%
- NAV
- ₹10.26
MahindraManulife Banking & Financial Services Fund
Sectoral
- Expense ratio
- 1.13%
- NAV
- ₹10.16
Which is better, Canara Robeco Banking and Financial Services or MahindraManulife Banking & 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.
- Canara Robeco Banking and Financial Services costs less: 1.05% a year against 1.13% (Direct plans).
- Canara Robeco Banking and Financial Services fell less in its worst fall since 23-03-2026: −10.0% against −10.7%.
- Canara Robeco Banking and Financial Services is the larger fund: ₹624 Cr against ₹445 Cr.
- Their portfolios overlap 69.5%: 19 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 | Canara Robeco Banking and Financial Services Fund | MahindraManulife Banking & Financial Services Fund |
|---|---|---|
| Fund house | Canara Robeco Mutual Fund | Mahindra Manulife Mutual Fund |
| Category | Sectoral | Sectoral |
| AUM | ₹624 Cr (30-09-2026) | ₹445 Cr (30-09-2026) |
| NAV | ₹10.26 (Direct) | ₹10.16 (Direct) |
| Expense ratio (Direct) | 1.05% | 1.13% |
| Expense ratio (Regular) | 2.65% | 2.77% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 20-03-2026 | 18-07-2025 |
| Minimum investment | ₹5,000 | ₹1,000 |
| Lock in | None | None |
| Fund managers | Amit Kadam / Mr. Shridatta Bhandwaldar | Vishal Jajoo, Chetan Sanjay Gindodia |
| Exit load | Exit Load for units in excess of 12% of the investment,1% will be charged for redemption within 365 days. | Exit Load (as % of NAV) #: -An Exit Load of 0.5% is payable if Units are redeemed / switched-out up to 3 months from the date of allotment; - Nil if Units are redeemed / switched-out after 3 months from the date of allotment. Redemption /Switch-Out of Units would be done on First in First out Basis (FIFO). # Applicable for normal subscriptions / redemptions including transactions under special products such as SIP, SWP, switches, etc. offered by the AMC. For detailed load structure disclosure, please refer SID. |
Canara Robeco Banking and Financial Services vs MahindraManulife Banking & 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 |
|---|---|---|---|---|---|---|---|
| Canara Robeco Banking and Financial Services Fund (Direct) | −1.91% | −5.96% | −1.44% | -- | -- | -- | -- |
| MahindraManulife Banking & Financial Services Fund (Direct) | −2.34% | −6.10% | −2.50% | −3.33% | -- | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | -- | -- | -- |
Category average: the average of the 20 Sectoral funds, same plan type.
Canara Robeco Banking and Financial Services vs MahindraManulife Banking & Financial Services: Year-wise Returns
| Year | Canara Robeco Banking andCanara Robeco Banking and Financial Services | MahindraManulife Banking &MahindraManulife Banking & Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | -- | −5.39% | −9.69% |
Canara Robeco Banking and Financial Services vs MahindraManulife Banking & Financial Services: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of both
Canara Robeco Banking and Financial Services vs MahindraManulife Banking & Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Canara Robeco Banking and Financial Services Fund (Direct) | MahindraManulife Banking & Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.26% | +1.19% |
| Standard deviation | 15.54% | 16.54% |
| Sharpe ratio | 0.06 | -0.25 |
| Sortino ratio | 0.09 | -0.34 |
| Maximum drawdown | −10.0% (27-10-2026) | −15.7% (31-03-2026) |
| Beta | 0.78 | 0.99 |
| Alpha | −0.14% | +6.78% |
From daily NAVs, 23-03-2026 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.
Canara Robeco Banking and Financial Services Fund (Direct)
MahindraManulife Banking & 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 |
|---|---|---|---|---|---|---|
| Canara Robeco Banking and Financial Services Fund (Direct) | −10.0% | 31-08-2026 | 27-10-2026 | Not yet | -- | −9.0% |
| MahindraManulife Banking & Financial Services Fund (Direct) | −10.7% | 26-08-2026 | 27-10-2026 | Not yet | -- | −9.8% |
| Nifty Financial Services TRI | −9.9% | 03-08-2026 | 27-10-2026 | Not yet | -- | −8.3% |
From daily values since 23-03-2026, the first day every fund has.
Canara Robeco Banking and Financial Services vs MahindraManulife Banking & Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Canara Robeco Banking and Financial Services Fund, September 2026; MahindraManulife Banking & Financial Services Fund, September 2026
Holdings in common
- Overlap
- 69.5%
- Held by both
- 19
- Only in Canara Robeco Banking and Financial Services
- 11
- Only in MahindraManulife Banking & Financial Services
- 12
| Security | % of Canara Robeco Banking and Financial Services | % of MahindraManulife Banking & Financial Services |
|---|---|---|
| ICICI Bank Ltd | 10.32% | 11.88% |
| HDFC Bank Ltd | 10.82% | 10.18% |
| Axis Bank Ltd | 7.20% | 7.50% |
| State Bank of India | 7.45% | 5.39% |
| Bajaj Finance Ltd | 5.32% | 4.54% |
| Kotak Mahindra Bank Ltd | 5.25% | 4.34% |
| Ujjivan Small Finance Bank Ltd | 4.11% | 4.28% |
| Shriram Finance Ltd | 3.95% | 4.92% |
| One 97 Communications Ltd | 4.31% | 3.34% |
| Karur Vysya Bank Ltd | 2.89% | 2.86% |
| Max Financial Services Ltd | 2.49% | 2.59% |
| Multi Commodity Exchange Of India Ltd | 2.41% | 4.95% |
| Nippon Life India Asset Management Ltd | 2.22% | 2.89% |
| 360 One Wam Ltd | 1.62% | 1.85% |
| Cholamandalam Investment and Finance Co Ltd | 2.62% | 1.17% |
| PB Fintech Ltd | 1.03% | 1.65% |
| Indian Bank | 1.78% | 0.85% |
| L&T Finance Ltd | 0.79% | 0.94% |
| Tata Capital Ltd | 2.81% | 0.71% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 69.5% means 69.5% 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 Canara Robeco Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| RBL Bank Ltd | 2.78% |
| Aadhar Housing Finance Ltd | 2.39% |
| CRISIL Ltd | 2.17% |
| ICICI Prudential Asset Management Co Ltd | 1.86% |
| Billionbrains Garage Ventures Ltd | 1.76% |
Largest holdings only in MahindraManulife Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| Aditya Birla Capital Limited | 3.79% |
| SBI Life Insurance Company Limited | 2.86% |
| Angel One Limited | 2.19% |
| IndusInd Bank Limited | 2.05% |
| Bandhan Bank Limited | 1.88% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Canara Robeco Banking and Financial Services | MahindraManulife Banking & Financial Services |
|---|---|---|
| Equity | 96.1% | 97.5% |
| Debt | 0.0% | 0.0% |
| Cash and others | 3.9% | 2.5% |
Market cap of stocks
| Market cap | Canara Robeco Banking and Financial Services | MahindraManulife Banking & Financial Services |
|---|---|---|
| Large Cap | 62.5% | 56.2% |
| Mid Cap | 17.0% | 26.8% |
| Small Cap | 16.5% | 13.5% |
| Not on AMFI's list | 0.0% | 1.0% |
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 | Canara Robeco Banking and Financial Services | MahindraManulife Banking & Financial Services |
|---|---|---|
| Banks | 52.6% | 54.3% |
| Finance | 21.2% | 19.8% |
| Capital Markets | 13.4% | 12.9% |
| Insurance | 3.5% | 5.5% |
| Financial Technology (Fintech) | 5.3% | 5.0% |
The six largest sectors of each fund's stocks, % of the fund.
Canara Robeco Banking and Financial Services vs MahindraManulife Banking & Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Canara Robeco Banking and Financial Services Fund | MahindraManulife Banking & Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.05% | 1.13% |
| Base expense ratio (Direct) | 0.70% | 0.65% |
| Total expense ratio (Regular) | 2.65% | 2.77% |
| Base expense ratio (Regular) | 2.06% | 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 Canara Robeco Banking and Financial Services with
- Canara Robeco Banking and Financial Services vs DSP Healthcare
- Canara Robeco Banking and Financial Services vs Nippon India Pharma
- Canara Robeco Banking and Financial Services vs Bandhan Transportation and Logistics
- Canara Robeco Banking and Financial Services vs Nippon India Power & Infra
- Canara Robeco Banking and Financial Services vs Invesco India Financial Services
Compare MahindraManulife Banking & Financial Services with
- MahindraManulife Banking & Financial Services vs DSP Healthcare
- MahindraManulife Banking & Financial Services vs Nippon India Pharma
- MahindraManulife Banking & Financial Services vs Bandhan Transportation and Logistics
- MahindraManulife Banking & Financial Services vs Nippon India Power & Infra
- MahindraManulife Banking & Financial Services vs Invesco India Financial Services
Canara Robeco Banking and Financial Services Fund vs MahindraManulife Banking & Financial Services Fund: Frequently Asked Questions
What is the difference between Canara Robeco Banking and Financial Services Fund and MahindraManulife Banking & Financial Services Fund?
Canara Robeco Banking and Financial Services Fund is a Sectoral fund, MahindraManulife Banking & Financial Services Fund is a Sectoral fund, run by Canara Robeco Mutual Fund and Mahindra Manulife Mutual Fund. Their portfolios overlap 69.5%. Canara Robeco Banking and Financial Services Fund charges 1.05% a year and MahindraManulife Banking & Financial Services Fund 1.13%.
Which has the lower expense ratio, Canara Robeco Banking and Financial Services Fund or MahindraManulife Banking & Financial Services Fund?
Canara Robeco Banking and Financial Services Fund charges less: 1.05% a year against 1.13%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Canara Robeco Banking and Financial Services Fund and MahindraManulife Banking & Financial Services Fund overlap?
69.5%. They hold 19 of the same securities, the largest shared ones being ICICIBANK, HDFCBANK, AXISBANK. From each fund's latest monthly portfolio.
Which is riskier, Canara Robeco Banking and Financial Services Fund or MahindraManulife Banking & Financial Services Fund?
On SEBI's riskometer, Canara Robeco Banking and Financial Services Fund is rated Very High and MahindraManulife Banking & Financial Services Fund Very High. Over their common history, the standard deviation of daily returns was 15.54% and 16.54% a year.
Can I invest in both Canara Robeco Banking and Financial Services Fund and MahindraManulife Banking & Financial Services Fund?
Yes. 69.5% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Canara Robeco Banking and Financial Services Fund and MahindraManulife Banking & Financial Services Fund?
Canara Robeco Banking and Financial Services Fund: Amit Kadam / Mr. Shridatta Bhandwaldar. MahindraManulife Banking & Financial Services Fund: Vishal Jajoo, Chetan Sanjay Gindodia.
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.