Invesco India Financial Services Fund vs Kotak Banking And Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Invesco India Financial Services Fund is a Sectoral fund and Kotak Banking And Financial Services Fund is a Thematic fund. In the 3 years to 30-10-2026, Invesco India Financial Services Fund (Direct) returned 15.0% a year and Kotak Banking And Financial Services Fund (Direct) returned 11.9% a year. Invesco India Financial Services Fund charges 0.96% a year and Kotak Banking And Financial Services Fund 0.81% (Direct plans). Their portfolios overlap 54.7%: they hold 20 of the same securities.
Invesco India Financial Services Fund
Sectoral
- 3 year return
- 15.0%
- Expense ratio
- 0.96%
- NAV
- ₹166.82
Kotak Banking And Financial Services Fund
Thematic
- 3 year return
- 11.9%
- Expense ratio
- 0.81%
- NAV
- ₹15.90
Which is better, Invesco India Financial Services or Kotak 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.
- Invesco India Financial Services returned more over 3 years: 15.0% a year against 11.9%.
- Invesco India Financial Services returned more over 1 year: −2.2% against −4.5%.
- Kotak Banking And Financial Services costs less: 0.81% a year against 0.96% (Direct plans).
- Invesco India Financial Services swung less over 3 years: a standard deviation of 16.4% a year against 16.6%.
- Invesco India Financial Services fell less in its worst fall since 06-03-2023: −14.9% against −16.7%.
- Kotak Banking And Financial Services holds more in large companies: 65.3% of the fund in large caps against 53.8%.
- Invesco India Financial Services is the larger fund: ₹1,789 Cr against ₹1,448 Cr.
- Their portfolios overlap 54.7%: 20 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 | Invesco India Financial Services Fund | Kotak Banking And Financial Services Fund |
|---|---|---|
| Fund house | Invesco Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Sectoral | Thematic |
| AUM | ₹1,789 Cr (30-09-2026) | ₹1,448 Cr (30-09-2026) |
| NAV | ₹166.82 (Direct) | ₹15.90 (Direct) |
| Expense ratio (Direct) | 0.96% | 0.81% |
| Expense ratio (Regular) | 2.18% | 2.25% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 14-07-2008 | 27-02-2023 |
| Minimum investment | Not available | ₹100 |
| Lock in | None | None |
| Fund managers | Hiten Jain, Haresh Kapoor | Shibani Sircar Kurian, Abhishek Bisen |
| Exit load | Exit load for units in excess of 10% of the investment, 1% will be charged for redemption within 1 year. | 0.5% for redemption within 30 Days |
Invesco India Financial Services vs Kotak 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 |
|---|---|---|---|---|---|---|---|
| Invesco India Financial Services Fund (Direct) | −0.67% | −5.87% | −1.64% | −2.22% | +15.03% | +12.58% | +14.83% |
| Kotak Banking And Financial Services Fund (Direct) | −1.46% | −7.32% | −2.26% | −4.49% | +11.87% | -- | -- |
| Sectoral average | −1.70% | −4.49% | +2.30% | −0.58% | +15.61% | +14.51% | +14.77% |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 20 Sectoral funds and the 235 Thematic funds, same plan type.
Invesco India Financial Services vs Kotak Banking And Financial Services: Year-wise Returns
| Year | Invesco IndiaInvesco India Financial Services | Kotak Banking AndKotak Banking And Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −4.74% | −5.92% | −9.69% |
| 2025 | +16.58% | +15.92% | +18.60% |
| 2024 | +21.45% | +14.11% | +10.52% |
| 2023 | +27.66% | -- | +14.31% |
| 2022 | +14.38% | -- | +10.47% |
| 2021 | +15.62% | -- | +14.55% |
Invesco India Financial Services vs Kotak 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, 160 of them, one for each trading day from 06-03-2026 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.
Invesco India Financial Services Fund (Direct)
Kotak Banking And Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Mar 2026May 2023
to
May 2026Jun 2023
to
Jun 2026Jul 2023
to
Jul 2026Sept 2023
to
Sept 2026Oct 2023
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Invesco India Financial Services | 0.0 | 0.0 | 0.0 | 1.9 | 59.4 | 38.8 | 0.0 | 19.4% | 19.7% | 14.7% | 23.5% | 100% |
| Kotak Banking And Financial Services | 0.0 | 0.0 | 0.0 | 69.4 | 30.6 | 0.0 | 0.0 | 14.2% | 14.4% | 10.9% | 18.1% | 100% |
| Nifty Financial Services TRI | 0.0 | 0.0 | 31.3 | 68.1 | 0.6 | 0.0 | 0.0 | 10.9% | 10.9% | 7.9% | 15.1% | -- |
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 06-03-2023. Past returns do not promise future returns.
Invesco India Financial Services vs Kotak 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 01-03-2023 to 30-10-2026: 44 instalments, ₹4,40,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Invesco India Financial ServicesInvesco India Financial Services Fund (Direct) | ₹4,40,000 | ₹5,30,558 | ₹90,558 | 10.2% |
| Kotak Banking And Financial ServicesKotak Banking And Financial Services Fund (Direct) | ₹4,40,000 | ₹5,00,389 | ₹60,389 | 7.0% |
Invesco India Financial ServicesInvesco India Financial Services Fund (Direct)
Kotak Banking And Financial ServicesKotak 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.
Invesco India Financial Services vs Kotak Banking And Financial Services: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Invesco India Financial Services Fund (Direct) | Kotak Banking And Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −2.22% | −4.49% |
| Standard deviation | 17.82% | 17.96% |
| Sharpe ratio | -0.42 | -0.54 |
| Sortino ratio | -0.59 | -0.76 |
| Maximum drawdown | −14.7% (30-03-2026) | −16.7% (30-03-2026) |
| Beta | 0.97 | 0.99 |
| Alpha | +6.17% | +4.30% |
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 | Invesco India Financial Services Fund (Direct) | Kotak Banking And Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +15.03% | +11.87% |
| Standard deviation | 16.42% | 16.58% |
| Sharpe ratio | 0.55 | 0.35 |
| Sortino ratio | 0.77 | 0.49 |
| Maximum drawdown | −14.9% (03-03-2025) | −16.7% (30-03-2026) |
| Beta | 0.93 | 0.98 |
| Alpha | +5.53% | +2.16% |
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 | Invesco India Financial Services Fund (Direct) | Kotak Banking And Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.95% | +13.36% |
| Standard deviation | 19.99% | 15.60% |
| Sharpe ratio | 0.45 | 0.46 |
| Sortino ratio | 0.62 | 0.65 |
| Maximum drawdown | −42.4% (23-03-2020) | −16.7% (30-03-2026) |
| Beta | 0.91 | 0.97 |
| Alpha | +2.67% | +3.86% |
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.
Invesco India Financial Services Fund (Direct)
Kotak 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 |
|---|---|---|---|---|---|---|
| Invesco India Financial Services Fund (Direct) | −14.9% | 10-12-2024 | 03-03-2025 | 19-05-2025 | 3 months | −8.6% |
| Kotak Banking And Financial Services Fund (Direct) | −16.7% | 18-02-2026 | 30-03-2026 | Not yet | -- | −9.7% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 06-03-2023, 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.
Invesco India Financial Services Fund (Direct)
Kotak 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.
Invesco India Financial Services Fund (Direct)
Kotak Banking And Financial Services Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Invesco India Financial Services Fund (Direct) | 109% | 67% | 7.20% |
| Kotak Banking And Financial Services Fund (Direct) | 110% | 96% | 3.95% |
From month-end values since 06-03-2023. 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.
Invesco India Financial Services vs Kotak Banking And Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Invesco India Financial Services Fund, September 2026; Kotak Banking And Financial Services Fund, September 2026
Holdings in common
- Overlap
- 54.7%
- Held by both
- 20
- Only in Invesco India Financial Services
- 14
- Only in Kotak Banking And Financial Services
- 15
| Security | % of Invesco India Financial Services | % of Kotak Banking And Financial Services |
|---|---|---|
| ICICI Bank Limited | 12.84% | 12.67% |
| Axis Bank Limited | 6.95% | 7.36% |
| HDFC Bank Limited | 5.98% | 11.28% |
| Shriram Finance Limited | 4.02% | 4.83% |
| Kotak Mahindra Bank Ltd | 4.38% | 3.69% |
| Cholamandalam Investment and Finance Company Limited | 3.54% | 2.52% |
| Karur Vysya Bank Limited | 5.13% | 2.32% |
| BSE Limited | 3.85% | 2.11% |
| Indian Bank | 2.95% | 2.05% |
| IndusInd Bank Limited | 2.02% | 2.51% |
| L&T Finance Limited | 1.98% | 1.89% |
| SBI Life Insurance Company Limited | 2.52% | 1.86% |
| Nuvama Wealth Management Ltd | 3.45% | 1.72% |
| RBL Bank Limited | 1.62% | 1.76% |
| Prudent Corporate Advisory Services Limited | 1.01% | 1.26% |
| Max Financial Services Limited | 1.33% | 0.84% |
| Home First Finance Company India Limited | 1.02% | 0.76% |
| One 97 Communications Limited | 0.61% | 1.25% |
| Computer Age Management Services Limited | 2.35% | 0.05% |
| The Federal Bank Limited | 2.10% | 0.01% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 54.7% means 54.7% 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 Invesco India Financial Services Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 4.63% |
| ICICI Prudential Asset Management Company Limited | 4.21% |
| Gaja Alternative Asset Management Ltd | 2.17% |
| Can Fin Homes Limited | 1.77% |
| Muthoot Finance Limited | 1.67% |
Largest holdings only in Kotak Banking And Financial Services Fund
| Security | % of fund |
|---|---|
| STATE BANK OF INDIA. | 8.31% |
| BAJAJ FINANCE LTD. | 6.04% |
| POONAWALLA FINCORP LIMITED | 2.52% |
| Ujjivan Small Finance Bank Ltd. | 2.40% |
| BILLIONBRAINS GARAGE VENTURES LIMITED (GROWW) | 2.27% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Invesco India Financial Services | Kotak Banking And Financial Services |
|---|---|---|
| Equity | 95.7% | 98.8% |
| Debt | 0.0% | 0.0% |
| Cash and others | 4.3% | 1.2% |
Market cap of stocks
| Market cap | Invesco India Financial Services | Kotak Banking And Financial Services |
|---|---|---|
| Large Cap | 53.8% | 65.3% |
| Mid Cap | 15.6% | 14.9% |
| Small Cap | 24.2% | 16.1% |
| Not on AMFI's list | 2.2% | 2.6% |
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 | Invesco India Financial Services | Kotak Banking And Financial Services |
|---|---|---|
| Banks | 45.3% | 60.0% |
| Capital Markets | 26.1% | 11.7% |
| Finance | 17.0% | 21.4% |
| Insurance | 5.5% | 2.7% |
| Financial Technology (Fintech) | 1.9% | 3.0% |
The six largest sectors of each fund's stocks, % of the fund.
Invesco India Financial Services vs Kotak Banking And Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Invesco India Financial Services Fund | Kotak Banking And Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.96% | 0.81% |
| Base expense ratio (Direct) | 0.71% | 0.60% |
| Total expense ratio (Regular) | 2.18% | 2.25% |
| Base expense ratio (Regular) | 1.78% | 1.82% |
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 Invesco India Financial Services with
Compare Kotak Banking And Financial Services with
- Kotak Banking And Financial Services vs Nippon India Taiwan Equity
- Kotak Banking And Financial Services vs HDFC Defence
- Kotak Banking And Financial Services vs HDFC Pharma and Healthcare
- Kotak Banking And Financial Services vs SBI Healthcare Opportunities
- Kotak Banking And Financial Services vs Aditya Birla Sun Life International Equity
Invesco India Financial Services Fund vs Kotak Banking And Financial Services Fund: Frequently Asked Questions
What is the difference between Invesco India Financial Services Fund and Kotak Banking And Financial Services Fund?
Invesco India Financial Services Fund is a Sectoral fund, Kotak Banking And Financial Services Fund is a Thematic fund, run by Invesco Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 54.7%. Invesco India Financial Services Fund charges 0.96% a year and Kotak Banking And Financial Services Fund 0.81%.
Which has given higher returns, Invesco India Financial Services Fund or Kotak Banking And Financial Services Fund?
Over 1 year: Invesco India Financial Services Fund −2.22%, Kotak Banking And Financial Services Fund −4.49%. Over 3 years: Invesco India Financial Services Fund +15.03% a year, Kotak Banking And Financial Services Fund +11.87% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Invesco India Financial Services Fund or Kotak Banking And Financial Services Fund?
Kotak Banking And Financial Services Fund charges less: 0.81% a year against 0.96%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Invesco India Financial Services Fund and Kotak Banking And Financial Services Fund overlap?
54.7%. They hold 20 of the same securities, the largest shared ones being ICICIBANK, AXISBANK, HDFCBANK. From each fund's latest monthly portfolio.
Which is riskier, Invesco India Financial Services Fund or Kotak Banking And Financial Services Fund?
On SEBI's riskometer, Invesco India Financial Services Fund is rated Very High and Kotak Banking And Financial Services Fund Very High. Over 3 years, the standard deviation of daily returns was 16.42% and 16.58% a year.
Which is better for SIP, Invesco India Financial Services Fund or Kotak Banking And Financial Services Fund?
Over the last 3 years, a monthly SIP of ₹10,000 from 03-10-2023 to 30-10-2026 grew to ₹4,13,133 in Invesco India Financial Services Fund (XIRR 7.1% a year) and ₹3,98,610 in Kotak Banking And Financial Services Fund (XIRR 4.8% a year). Both received 37 instalments. Past returns do not promise future returns.
Can I invest in both Invesco India Financial Services Fund and Kotak Banking And Financial Services Fund?
Yes. 54.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Invesco India Financial Services Fund and Kotak Banking And Financial Services Fund?
Invesco India Financial Services Fund: Hiten Jain, Haresh Kapoor. Kotak Banking And Financial Services Fund: Shibani Sircar Kurian, Abhishek Bisen.
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.