SBI Banking & Financial Services Fund vs UTI - Banking and Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Banking & Financial Services Fund is a Thematic fund and UTI - Banking and Financial Services 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 UTI - Banking and Financial Services Fund (Direct) returned 12.0% a year. SBI Banking & Financial Services Fund charges 1.18% a year and UTI - Banking and Financial Services Fund 1.45% (Direct plans). Their portfolios overlap 51.2%: they hold 20 of the same securities.
SBI Banking & Financial Services Fund
Thematic
- 3 year return
- 14.6%
- Expense ratio
- 1.18%
- NAV
- ₹46.56
UTI - Banking and Financial Services Fund
Thematic
- 3 year return
- 12.0%
- Expense ratio
- 1.45%
- NAV
- ₹212.57
Which is better, SBI Banking & Financial Services or UTI - 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.
- SBI Banking & Financial Services returned more over 5 years: 10.7% a year against 9.6%.
- SBI Banking & Financial Services returned more over 3 years: 14.6% a year against 12.0%.
- SBI Banking & Financial Services costs less: 1.18% a year against 1.45% (Direct plans).
- SBI Banking & Financial Services swung less over 3 years: a standard deviation of 15.6% a year against 15.9%.
- SBI Banking & Financial Services fell less in its worst fall since 05-03-2015: −43.8% against −49.0%.
- UTI - Banking and Financial Services holds more in large companies: 78.2% of the fund in large caps against 62.0%.
- SBI Banking & Financial Services is the larger fund: ₹10,420 Cr against ₹1,339 Cr.
- Their portfolios overlap 51.2%: 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 | SBI Banking & Financial Services Fund | UTI - Banking and Financial Services Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | UTI Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹10,420 Cr (30-09-2026) | ₹1,339 Cr (30-09-2026) |
| NAV | ₹46.56 (Direct) | ₹212.57 (Direct) |
| Expense ratio (Direct) | 1.18% | 1.45% |
| Expense ratio (Regular) | 2.16% | 2.38% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Financial Services TRI |
| Launch date | Not available | 07-04-2004 |
| Minimum investment | Not available | Regular Plan-Growth- Rs.5000, Regular Plan-Reinvestment of IDCW- Rs.5000, Regular Plan-Payout of IDCW- Rs.5000, Direct Plan-Growth- Rs.5000, Direct Plan-Reinvestment of IDCW- Rs.5000, Direct Plan-Payout of IDCW- Rs.5000, |
| Lock in | Not available | None |
| Fund managers | Not available | Bhavesh Kanani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Not available | 1.00% if redeemed before 30 days from the date of allotment. Nil if redeemed on or after 30 days from the date of allotment |
SBI Banking & Financial Services vs UTI - 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 |
|---|---|---|---|---|---|---|---|
| SBI Banking & Financial Services Fund (Direct) | −0.37% | −5.33% | −3.20% | −6.73% | +14.59% | +10.68% | +14.28% |
| UTI - Banking and Financial Services Fund (Direct) | −1.86% | −5.50% | −1.11% | −5.38% | +11.97% | +9.64% | +10.17% |
| 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 UTI - Banking and Financial Services: Year-wise Returns
| Year | SBI Banking &SBI Banking & Financial Services | UTI - Banking andUTI - Banking and Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −9.41% | −6.40% | −9.69% |
| 2025 | +21.66% | +17.53% | +18.60% |
| 2024 | +20.90% | +12.26% | +10.52% |
| 2023 | +19.95% | +20.81% | +14.31% |
| 2022 | +14.87% | +16.45% | +10.47% |
| 2021 | +13.46% | +15.53% | +14.55% |
SBI Banking & Financial Services vs UTI - 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, 2,141 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)
UTI - Banking and Financial Services 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% |
| UTI - Banking and Financial Services | 9.1 | 8.1 | 15.8 | 27.2 | 27.0 | 6.9 | 5.9 | 12.1% | 13.7% | −13.6% | 34.8% | 45% |
| 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 UTI - 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 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% |
| UTI - Banking and Financial ServicesUTI - Banking and Financial Services Fund (Direct) | ₹14,00,000 | ₹27,34,829 | ₹13,34,829 | 10.9% |
SBI Banking & Financial ServicesSBI Banking & Financial Services Fund (Direct)
UTI - Banking and Financial ServicesUTI - 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.
SBI Banking & Financial Services vs UTI - Banking and Financial Services: 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) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −6.73% | −5.38% |
| Standard deviation | 16.66% | 17.02% |
| Sharpe ratio | -0.72 | -0.62 |
| Sortino ratio | -0.98 | -0.87 |
| Maximum drawdown | −16.1% (31-03-2026) | −16.5% (31-03-2026) |
| Beta | 0.92 | 0.96 |
| Alpha | +1.01% | +2.91% |
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) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +14.59% | +11.97% |
| Standard deviation | 15.62% | 15.95% |
| Sharpe ratio | 0.55 | 0.37 |
| Sortino ratio | 0.76 | 0.52 |
| Maximum drawdown | −16.1% (31-03-2026) | −16.5% (31-03-2026) |
| Beta | 0.92 | 0.94 |
| Alpha | +5.13% | +2.41% |
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) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +10.68% | +9.64% |
| Standard deviation | 16.05% | 16.23% |
| Sharpe ratio | 0.30 | 0.24 |
| Sortino ratio | 0.42 | 0.33 |
| Maximum drawdown | −19.9% (07-03-2022) | −20.0% (16-06-2022) |
| Beta | 0.91 | 0.94 |
| Alpha | +4.12% | +3.06% |
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) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +13.88% | +11.05% |
| Standard deviation | 19.33% | 21.17% |
| Sharpe ratio | 0.43 | 0.24 |
| Sortino ratio | 0.58 | 0.33 |
| Maximum drawdown | −43.8% (23-03-2020) | −49.0% (23-03-2020) |
| Beta | 0.90 | 0.97 |
| Alpha | +3.51% | −1.60% |
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)
UTI - 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 |
|---|---|---|---|---|---|---|
| SBI Banking & Financial Services Fund (Direct) | −43.8% | 20-02-2020 | 23-03-2020 | 09-12-2020 | 9 months | −11.8% |
| UTI - Banking and Financial Services Fund (Direct) | −49.0% | 02-01-2020 | 23-03-2020 | 02-02-2021 | 10 months | −10.1% |
| 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)
UTI - 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.
SBI Banking & Financial Services Fund (Direct)
UTI - 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.
SBI Banking & Financial Services Fund (Direct)
UTI - Banking and Financial Services 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% |
| UTI - Banking and Financial Services Fund (Direct) | 100% | 103% | 5.86% |
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 UTI - Banking and Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Banking & Financial Services Fund, September 2026; UTI - Banking and Financial Services Fund, September 2026
Holdings in common
- Overlap
- 51.2%
- Held by both
- 20
- Only in SBI Banking & Financial Services
- 19
- Only in UTI - Banking and Financial Services
- 17
| Security | % of SBI Banking & Financial Services | % of UTI - Banking and Financial Services |
|---|---|---|
| HDFC Bank Ltd. | 13.04% | 17.60% |
| ICICI Bank Ltd. | 12.77% | 10.37% |
| Kotak Mahindra Bank Ltd. | 10.19% | 9.89% |
| Bajaj Finance Ltd. | 6.85% | 5.07% |
| Axis Bank Ltd. | 2.82% | 9.93% |
| Cholamandalam Investment & Finance Co. Ltd. | 2.18% | 1.01% |
| Aavas Financiers Ltd. | 1.01% | 1.76% |
| Aditya Birla Capital Ltd. | 1.72% | 0.99% |
| Life Insurance Corporation of India | 1.06% | 0.99% |
| Bandhan Bank Ltd. | 1.54% | 0.93% |
| Billionbrains Garage Ventures Ltd. | 0.79% | 0.89% |
| HDFC Life Insurance Company Ltd. | 4.66% | 0.74% |
| National Stock Exchange of India Ltd. | 0.95% | 0.65% |
| One 97 Communications Ltd. | 3.46% | 0.63% |
| BSE Ltd. | 0.59% | 1.27% |
| Cholamandalam Financial Holdings Ltd. | 1.97% | 0.47% |
| Sundaram Finance Ltd. | 0.47% | 0.70% |
| SBI Cards & Payment Services Ltd. | 0.86% | 0.43% |
| Multi Commodity Exchange of India Ltd. | 0.32% | 1.06% |
| HDB Financial Services Ltd. | 1.00% | 0.03% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 51.2% means 51.2% 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 |
|---|---|
| Bank of Baroda | 2.96% |
| Muthoot Finance Ltd. | 2.87% |
| Manappuram Finance Ltd. | 2.48% |
| The South Indian Bank Ltd. | 2.22% |
| ICICI Prudential Life Insurance Company Ltd. | 1.93% |
Largest holdings only in UTI - Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| EQ - STATE BANK OF INDIA | 9.98% |
| EQ - SHRIRAM FINANCE LTD | 4.61% |
| EQ - UJJIVAN SMALL FINANCE BANK LTD | 3.93% |
| EQ - SBI LIFE INSURANCE COMPANY LTD | 3.89% |
| EQ - ICICI LOMBARD GENERAL INSURANC | 1.78% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Banking & Financial Services | UTI - Banking and Financial Services |
|---|---|---|
| Equity | 92.6% | 98.7% |
| Debt | 0.1% | 0.0% |
| Cash and others | 7.3% | 1.3% |
Market cap of stocks
| Market cap | SBI Banking & Financial Services | UTI - Banking and Financial Services |
|---|---|---|
| Large Cap | 62.0% | 78.2% |
| Mid Cap | 12.5% | 9.9% |
| Small Cap | 16.6% | 10.0% |
| Not on AMFI's list | 1.4% | 0.7% |
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 | UTI - Banking and Financial Services |
|---|---|---|
| Banks | 49.3% | 64.5% |
| Finance | 25.0% | 18.0% |
| Insurance | 10.0% | 9.5% |
| Capital Markets | 4.9% | 4.7% |
| Financial Technology (Fintech) | 3.5% | 1.5% |
| Not Applicable | 0.0% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Banking & Financial Services vs UTI - Banking and Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Banking & Financial Services Fund | UTI - Banking and Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 1.18% | 1.45% |
| Base expense ratio (Direct) | 0.65% | 0.99% |
| Total expense ratio (Regular) | 2.16% | 2.38% |
| Base expense ratio (Regular) | 1.49% | 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 SBI Banking & Financial Services with
- SBI Banking & Financial Services vs Nippon India Taiwan Equity
- SBI Banking & Financial Services vs HDFC Defence
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- SBI Banking & Financial Services vs SBI Healthcare Opportunities
- SBI Banking & Financial Services vs Aditya Birla Sun Life International Equity
Compare UTI - Banking and Financial Services with
- UTI - Banking and Financial Services vs Nippon India Taiwan Equity
- UTI - Banking and Financial Services vs HDFC Defence
- UTI - Banking and Financial Services vs HDFC Pharma and Healthcare
- UTI - Banking and Financial Services vs SBI Healthcare Opportunities
- UTI - Banking and Financial Services vs Aditya Birla Sun Life International Equity
SBI Banking & Financial Services Fund vs UTI - Banking and Financial Services Fund: Frequently Asked Questions
What is the difference between SBI Banking & Financial Services Fund and UTI - Banking and Financial Services Fund?
SBI Banking & Financial Services Fund is a Thematic fund, UTI - Banking and Financial Services Fund is a Thematic fund, run by SBI Mutual Fund and UTI Mutual Fund. Their portfolios overlap 51.2%. SBI Banking & Financial Services Fund charges 1.18% a year and UTI - Banking and Financial Services Fund 1.45%.
Which has given higher returns, SBI Banking & Financial Services Fund or UTI - Banking and Financial Services Fund?
Over 1 year: SBI Banking & Financial Services Fund −6.73%, UTI - Banking and Financial Services Fund −5.38%. Over 3 years: SBI Banking & Financial Services Fund +14.59% a year, UTI - Banking and Financial Services Fund +11.97% a year. Over 5 years: SBI Banking & Financial Services Fund +10.68% a year, UTI - Banking and Financial Services Fund +9.64% 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 UTI - Banking and Financial Services Fund?
SBI Banking & Financial Services Fund charges less: 1.18% a year against 1.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Banking & Financial Services Fund and UTI - Banking and Financial Services Fund overlap?
51.2%. They hold 20 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Which is better for SIP, SBI Banking & Financial Services Fund or UTI - 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 ₹8,12,808 in SBI Banking & Financial Services Fund (XIRR 11.3% a year) and ₹7,80,380 in UTI - Banking and Financial Services Fund (XIRR 9.6% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI Banking & Financial Services Fund and UTI - Banking and Financial Services Fund?
Yes. 51.2% 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.