SBI Banking & Financial Services Fund vs SBI Healthcare Opportunities Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Banking & Financial Services Fund is a Thematic fund and SBI Healthcare Opportunities Fund is a Thematic fund. In the 3 years to 30-10-2026, SBI Banking & Financial Services Fund (Direct) returned 14.6% a year and SBI Healthcare Opportunities Fund (Direct) returned 24.6% a year. SBI Banking & Financial Services Fund charges 1.18% a year and SBI Healthcare Opportunities Fund 1.01% (Direct plans). Their portfolios overlap 0.1%: they hold 1 of the same security.
SBI Banking & Financial Services Fund
Thematic
- 3 year return
- 14.6%
- Expense ratio
- 1.18%
- NAV
- ₹46.56
SBI Healthcare Opportunities Fund
Thematic
- 3 year return
- 24.6%
- Expense ratio
- 1.01%
- NAV
- ₹588.16
Which is better, SBI Banking & Financial Services or SBI Healthcare Opportunities? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Healthcare Opportunities returned more over 5 years: 19.2% a year against 10.7%.
- SBI Healthcare Opportunities returned more over 3 years: 24.6% a year against 14.6%.
- SBI Healthcare Opportunities costs less: 1.01% a year against 1.18% (Direct plans).
- SBI Healthcare Opportunities swung less over 3 years: a standard deviation of 13.1% a year against 15.6%.
- SBI Healthcare Opportunities fell less in its worst fall since 05-03-2015: −30.5% against −43.8%.
- SBI Banking & Financial Services holds more in large companies: 62.0% of the fund in large caps against 32.3%.
- SBI Banking & Financial Services is the larger fund: ₹10,420 Cr against ₹5,870 Cr.
- Their portfolios overlap 0.1%: 1 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 | SBI Banking & Financial Services Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹10,420 Cr (30-09-2026) | ₹5,870 Cr (30-09-2026) |
| NAV | ₹46.56 (Direct) | ₹588.16 (Direct) |
| Expense ratio (Direct) | 1.18% | 1.01% |
| Expense ratio (Regular) | 2.16% | 1.99% |
| Riskometer | Not available | Not available |
| Benchmark | Not available | Not available |
| Launch date | Not available | Not available |
| Minimum investment | Not available | Not available |
| Lock in | Not available | Not available |
| Fund managers | Not available | Not available |
| Exit load | Not available | Not available |
SBI Banking & Financial Services vs SBI Healthcare Opportunities: 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 |
|---|---|---|---|---|---|---|---|
| SBI Banking & Financial Services Fund (Direct) | −0.37% | −5.33% | −3.20% | −6.73% | +14.59% | +10.68% | +14.28% |
| SBI Healthcare Opportunities Fund (Direct) | +0.31% | −0.59% | +16.00% | +17.12% | +24.60% | +19.22% | +14.72% |
| 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.
SBI Banking & Financial Services vs SBI Healthcare Opportunities: Year-wise Returns
| Year | Banking & Financial ServicesSBI Banking & Financial Services | Healthcare OpportunitiesSBI Healthcare Opportunities |
|---|---|---|
| 2026to date | −9.41% | +21.31% |
| 2025 | +21.66% | −2.50% |
| 2024 | +20.90% | +43.75% |
| 2023 | +19.95% | +39.72% |
| 2022 | +14.87% | −5.01% |
| 2021 | +13.46% | +21.48% |
SBI Banking & Financial Services vs SBI Healthcare Opportunities: Rolling Returns
Every holding period of both funds, against Nifty Financial Services TRI, the benchmark of SBI Banking & Financial Services Fund
Rolling returns
Every 3-year holding period, 2,141 of them, one for each trading day from 05-03-2018 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.
SBI Banking & Financial Services Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
Nifty Financial Services TRI
to
Nov 2018May 2017
to
May 2020Oct 2018
to
Oct 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Banking & Financial Services | 0.5 | 5.9 | 5.1 | 20.4 | 35.0 | 26.0 | 7.1 | 16.9% | 17.2% | −1.8% | 31.0% | 70% |
| SBI Healthcare Opportunities | 23.8 | 1.5 | 2.3 | 3.8 | 15.8 | 27.5 | 25.2 | 15.5% | 21.0% | −8.9% | 31.1% | 68% |
| Nifty Financial Services TRI | 0.5 | 5.5 | 13.0 | 39.2 | 22.1 | 15.0 | 4.6 | 14.6% | 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 05-03-2015. Past returns do not promise future returns.
SBI Banking & Financial Services vs SBI Healthcare Opportunities: 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 05-03-2015 to 30-10-2026: 140 instalments, ₹14,00,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Banking & Financial ServicesSBI Banking & Financial Services Fund (Direct) | ₹14,00,000 | ₹33,96,713 | ₹19,96,713 | 14.3% |
| SBI Healthcare OpportunitiesSBI Healthcare Opportunities Fund (Direct) | ₹14,00,000 | ₹42,64,173 | ₹28,64,173 | 17.9% |
SBI Banking & Financial ServicesSBI Banking & Financial Services Fund (Direct)
SBI Healthcare OpportunitiesSBI Healthcare Opportunities 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.
SBI Banking & Financial Services vs SBI Healthcare Opportunities: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Banking & Financial Services Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.73% | +17.12% |
| Standard deviation | 16.66% | 13.36% |
| Sharpe ratio | -0.72 | 0.89 |
| Sortino ratio | -0.98 | 1.33 |
| Maximum drawdown | −16.1% (31-03-2026) | −10.3% (23-10-2026) |
| Beta | 0.92 | 0.93 |
| Alpha | +1.01% | +5.25% |
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 | SBI Banking & Financial Services Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.59% | +24.60% |
| Standard deviation | 15.62% | 13.07% |
| Sharpe ratio | 0.55 | 1.42 |
| Sortino ratio | 0.76 | 2.03 |
| Maximum drawdown | −16.1% (31-03-2026) | −13.5% (28-02-2025) |
| Beta | 0.92 | 0.88 |
| Alpha | +5.13% | +3.61% |
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 | SBI Banking & Financial Services Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.68% | +19.22% |
| Standard deviation | 16.05% | 12.96% |
| Sharpe ratio | 0.30 | 1.04 |
| Sortino ratio | 0.42 | 1.48 |
| Maximum drawdown | −19.9% (07-03-2022) | −17.4% (17-06-2022) |
| Beta | 0.91 | 0.88 |
| Alpha | +4.12% | +4.81% |
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 | SBI Banking & Financial Services Fund (Direct) | SBI Healthcare Opportunities Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.88% | +17.93% |
| Standard deviation | 19.33% | 15.96% |
| Sharpe ratio | 0.43 | 0.74 |
| Sortino ratio | 0.58 | 1.05 |
| Maximum drawdown | −43.8% (23-03-2020) | −30.5% (23-03-2020) |
| Beta | 0.90 | 0.91 |
| Alpha | +3.51% | +3.97% |
From daily NAVs, 05-03-2015 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.
SBI Banking & Financial Services Fund (Direct)
SBI Healthcare Opportunities 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 |
|---|---|---|---|---|---|---|
| SBI Banking & Financial Services Fund (Direct) | −43.8% | 20-02-2020 | 23-03-2020 | 09-12-2020 | 9 months | −11.8% |
| SBI Healthcare Opportunities Fund (Direct) | −30.5% | 23-10-2015 | 23-03-2020 | 22-06-2020 | 3 months | −3.8% |
| Nifty Financial Services TRI | −43.5% | 02-01-2020 | 23-03-2020 | 15-12-2020 | 9 months | −12.4% |
From daily values since 05-03-2015, 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.
SBI Banking & Financial Services Fund (Direct)
SBI Healthcare Opportunities 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.
SBI Banking & Financial Services Fund (Direct)
SBI Healthcare Opportunities 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.
SBI Banking & Financial Services Fund (Direct)
SBI Healthcare Opportunities Fund (Direct)
Nifty Financial Services TRI
Against Nifty Financial Services TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Banking & Financial Services Fund (Direct) | 101% | 89% | 5.82% |
| SBI Healthcare Opportunities Fund (Direct) | 52% | 17% | 21.35% |
From month-end values since 05-03-2015. 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.
SBI Banking & Financial Services vs SBI Healthcare Opportunities: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Banking & Financial Services Fund, September 2026; SBI Healthcare Opportunities Fund, September 2026
Holdings in common
- Overlap
- 0.1%
- Held by both
- 1
- Only in SBI Banking & Financial Services
- 38
- Only in SBI Healthcare Opportunities
- 35
| Security | % of SBI Banking & Financial Services | % of SBI Healthcare Opportunities |
|---|---|---|
| 364 DAY T-BILL 19.11.26 | 0.05% | 0.05% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 0.1% means 0.1% 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 SBI Banking & Financial Services Fund
| Security | % of fund |
|---|---|
| HDFC Bank Ltd. | 13.04% |
| ICICI Bank Ltd. | 12.77% |
| Kotak Mahindra Bank Ltd. | 10.19% |
| Bajaj Finance Ltd. | 6.85% |
| HDFC Life Insurance Company Ltd. | 4.66% |
Largest holdings only in SBI Healthcare Opportunities Fund
| Security | % of fund |
|---|---|
| Sun Pharmaceutical Industries Ltd. | 11.14% |
| Divi's Laboratories Ltd. | 7.91% |
| Acutaas Chemicals Ltd. | 5.03% |
| Apollo Hospitals Enterprise Ltd. | 4.45% |
| Torrent Pharmaceuticals Ltd. | 4.42% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Banking & Financial Services | SBI Healthcare Opportunities |
|---|---|---|
| Equity | 92.6% | 95.5% |
| Debt | 0.1% | 0.1% |
| Cash and others | 7.3% | 4.4% |
Market cap of stocks
| Market cap | SBI Banking & Financial Services | SBI Healthcare Opportunities |
|---|---|---|
| Large Cap | 62.0% | 32.3% |
| Mid Cap | 12.5% | 25.7% |
| Small Cap | 16.6% | 35.4% |
| Not on AMFI's list | 1.4% | 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 | SBI Banking & Financial Services | SBI Healthcare Opportunities |
|---|---|---|
| Pharmaceuticals & Biotechnology | 0.0% | 63.1% |
| Banks | 49.3% | 0.0% |
| Healthcare Services | 0.0% | 25.6% |
| Finance | 25.0% | 0.0% |
| Insurance | 10.0% | 0.0% |
| Chemicals & Petrochemicals | 0.0% | 5.0% |
| Capital Markets | 4.9% | 0.0% |
| Financial Technology (Fintech) | 3.5% | 0.0% |
| Healthcare Equipment & Supplies | 0.0% | 1.8% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Banking & Financial Services vs SBI Healthcare Opportunities: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Banking & Financial Services Fund | SBI Healthcare Opportunities Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 1.01% |
| Base expense ratio (Direct) | 0.65% | 0.74% |
| Total expense ratio (Regular) | 2.16% | 1.99% |
| Base expense ratio (Regular) | 1.49% | 1.58% |
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 SBI Banking & Financial Services with
SBI Banking & Financial Services Fund vs SBI Healthcare Opportunities Fund: Frequently Asked Questions
What is the difference between SBI Banking & Financial Services Fund and SBI Healthcare Opportunities Fund?
SBI Banking & Financial Services Fund is a Thematic fund, SBI Healthcare Opportunities Fund is a Thematic fund, run by SBI Mutual Fund. Their portfolios overlap 0.1%. SBI Banking & Financial Services Fund charges 1.18% a year and SBI Healthcare Opportunities Fund 1.01%.
Which has given higher returns, SBI Banking & Financial Services Fund or SBI Healthcare Opportunities Fund?
Over 1 year: SBI Banking & Financial Services Fund −6.73%, SBI Healthcare Opportunities Fund +17.12%. Over 3 years: SBI Banking & Financial Services Fund +14.59% a year, SBI Healthcare Opportunities Fund +24.60% a year. Over 5 years: SBI Banking & Financial Services Fund +10.68% a year, SBI Healthcare Opportunities Fund +19.22% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Banking & Financial Services Fund or SBI Healthcare Opportunities Fund?
SBI Healthcare Opportunities Fund charges less: 1.01% a year against 1.18%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Banking & Financial Services Fund and SBI Healthcare Opportunities Fund overlap?
0.1%. They hold 1 of the same securities, the largest shared ones being 364 DAY T-BILL 19.11.26. From each fund's latest monthly portfolio.
Which is better for SIP, SBI Banking & Financial Services Fund or SBI Healthcare Opportunities Fund?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹8,12,808 in SBI Banking & Financial Services Fund (XIRR 11.3% a year) and ₹10,49,448 in SBI Healthcare Opportunities Fund (XIRR 21.5% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI Banking & Financial Services Fund and SBI Healthcare Opportunities Fund?
Yes. 0.1% of each fund's money sits in the same holdings, so the two hold mostly different investments.
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.