SBI Nifty Bank Index Fund vs Tata NIFTY Financial Services Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
SBI Nifty Bank Index Fund is a mutual fund and Tata NIFTY Financial Services Index Fund is an Index fund. In the year to 30-10-2026, SBI Nifty Bank Index Fund (Direct) returned −5.3% and Tata NIFTY Financial Services Index Fund (Direct) returned −9.5%. SBI Nifty Bank Index Fund charges 0.32% a year and Tata NIFTY Financial Services Index Fund 0.58% (Direct plans). Their portfolios overlap 62.9%: they hold 5 of the same securities.
Tata NIFTY Financial Services Index Fund
Index
- 1 year return
- −9.5%
- Expense ratio
- 0.58%
- NAV
- ₹11.64
Which is better, SBI Nifty Bank Index or Tata NIFTY Financial Services Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Nifty Bank Index returned more over 1 year: −5.3% against −9.5%.
- SBI Nifty Bank Index costs less: 0.32% a year against 0.58% (Direct plans).
- Tata NIFTY Financial Services Index fell less in its worst fall since 12-02-2025: −17.4% against −18.3%.
- Tata NIFTY Financial Services Index holds more in large companies: 95.2% of the fund in large caps against 76.1%.
- SBI Nifty Bank Index is the larger fund: ₹199 Cr against ₹77 Cr.
- Their portfolios overlap 62.9%: 5 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 Nifty Bank Index Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Fund house | SBI Mutual Fund | Tata Mutual Fund |
| Category | Not available | Index |
| AUM | ₹199 Cr (30-09-2026) | ₹77 Cr (30-09-2026) |
| NAV | ₹10.98 (Direct) | ₹11.64 (Direct) |
| Expense ratio (Direct) | 0.32% | 0.58% |
| Expense ratio (Regular) | 0.75% | 1.13% |
| Riskometer | Not available | Very High |
| Benchmark | Not available | Nifty Financial Services TRI |
| Launch date | Not available | 26-04-2024 |
| Minimum investment | Not available | ₹5,000 |
| Lock in | Not available | None |
| Fund managers | Not available | Nitin Sharma, Rakesh Prajapati |
| Exit load | Not available | Exit Load: 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. |
SBI Nifty Bank Index vs Tata NIFTY Financial Services Index: 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 Nifty Bank Index Fund (Direct) | +0.08% | −4.22% | +0.16% | −5.31% | -- | -- | -- |
| Tata NIFTY Financial Services Index Fund (Direct) | +0.27% | −5.76% | −3.15% | −9.46% | -- | -- | -- |
SBI Nifty Bank Index vs Tata NIFTY Financial Services Index: Year-wise Returns
| Year | SBI Nifty BankSBI Nifty Bank Index | Tata NIFTY Financial ServicesTata NIFTY Financial Services Index |
|---|---|---|
| 2026to date | −7.73% | −10.13% |
| 2025 | -- | +17.50% |
SBI Nifty Bank Index vs Tata NIFTY Financial Services Index: Rolling Returns
Every holding period of both funds, against Nifty Bank TRI, the benchmark of SBI Nifty Bank Index Fund
Rolling returns
Every 1-year holding period, 177 of them, one for each trading day from 12-02-2026 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.
SBI Nifty Bank Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Bank TRI
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Oct 2025
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI Nifty Bank Index | 26.0 | 46.3 | 12.4 | 3.4 | 2.8 | 5.6 | 3.4 | 4.7% | 2.7% | −6.7% | 26.5% | 0% |
| Tata NIFTY Financial Services Index | 56.0 | 28.0 | 4.6 | 1.7 | 3.4 | 6.3 | 0.0 | 0.9% | −0.6% | −11.5% | 23.3% | 0% |
| Nifty Bank TRI | 24.9 | 45.8 | 14.1 | 3.4 | 2.8 | 4.0 | 5.1 | 4.9% | 2.8% | −6.5% | 26.9% | -- |
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 Bank 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 12-02-2025. Past returns do not promise future returns.
SBI Nifty Bank Index vs Tata NIFTY Financial Services Index: 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 12-02-2025 to 30-10-2026: 21 instalments, ₹2,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI Nifty Bank IndexSBI Nifty Bank Index Fund (Direct) | ₹2,10,000 | ₹2,08,817 | −₹1,183 | −0.6% |
| Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index Fund (Direct) | ₹2,10,000 | ₹2,01,340 | −₹8,660 | −4.5% |
SBI Nifty Bank IndexSBI Nifty Bank Index Fund (Direct)
Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index 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 Nifty Bank Index vs Tata NIFTY Financial Services Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI Nifty Bank Index Fund (Direct) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −5.31% | −9.46% |
| Standard deviation | 16.97% | 17.58% |
| Sharpe ratio | -0.62 | -0.84 |
| Sortino ratio | -0.86 | -1.16 |
| Maximum drawdown | −18.3% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.18% | −0.58% |
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 Nifty Bank Index Fund (Direct) | Tata NIFTY Financial Services Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +6.71% | +5.44% |
| Standard deviation | 15.29% | 16.69% |
| Sharpe ratio | 0.08 | -0.02 |
| Sortino ratio | 0.12 | -0.03 |
| Maximum drawdown | −18.3% (30-03-2026) | −17.4% (31-03-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.21% | −0.81% |
From daily NAVs, 12-02-2025 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.
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 Nifty Bank Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Bank TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI Nifty Bank Index Fund (Direct) | −18.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −10.7% |
| Tata NIFTY Financial Services Index Fund (Direct) | −17.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −12.7% |
| Nifty Bank TRI | −18.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −10.6% |
From daily values since 12-02-2025, 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 Nifty Bank Index Fund (Direct)
Tata NIFTY Financial Services Index Fund (Direct)
Nifty Bank TRI
Against Nifty Bank TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI Nifty Bank Index Fund (Direct) | 99% | 100% | 0.09% |
| Tata NIFTY Financial Services Index Fund (Direct) | 84% | 97% | 4.09% |
From month-end values since 12-02-2025. 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 Nifty Bank Index vs Tata NIFTY Financial Services Index: Portfolio Overlap
From each fund's latest monthly portfolio: SBI Nifty Bank Index Fund, September 2026; Tata NIFTY Financial Services Index Fund, September 2026
Holdings in common
- Overlap
- 62.9%
- Held by both
- 5
- Only in SBI Nifty Bank Index
- 9
- Only in Tata NIFTY Financial Services Index
- 15
| Security | % of SBI Nifty Bank Index | % of Tata NIFTY Financial Services Index |
|---|---|---|
| HDFC Bank Ltd. | 18.62% | 18.64% |
| ICICI Bank Ltd. | 14.18% | 14.20% |
| Kotak Mahindra Bank Ltd. | 10.20% | 10.11% |
| Axis Bank Ltd. | 10.06% | 10.18% |
| State Bank of India | 9.93% | 9.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 62.9% means 62.9% 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 Nifty Bank Index Fund
| Security | % of fund |
|---|---|
| The Federal Bank Ltd. | 6.56% |
| IndusInd Bank Ltd. | 4.97% |
| AU Small Finance Bank Ltd. | 4.85% |
| IDFC First Bank Ltd. | 4.54% |
| Bank of Baroda | 3.59% |
Largest holdings only in Tata NIFTY Financial Services Index Fund
| Security | % of fund |
|---|---|
| BAJAJ FINANCE LTD | 8.62% |
| SHRIRAM FINANCE LTD | 4.53% |
| BSE LTD | 4.16% |
| BAJAJ FINSERV LTD | 3.31% |
| SBI LIFE INSURANCE COMPANY LTD | 2.51% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI Nifty Bank Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Equity | 100.0% | 100.0% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | -0.0% |
Market cap of stocks
| Market cap | SBI Nifty Bank Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Large Cap | 76.1% | 95.2% |
| Mid Cap | 23.9% | 4.2% |
| Small Cap | 0.0% | 0.5% |
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 Nifty Bank Index | Tata NIFTY Financial Services Index |
|---|---|---|
| Banks | 100.0% | 63.1% |
| Finance | 0.0% | 26.0% |
| Insurance | 0.0% | 6.8% |
| Capital Markets | 0.0% | 4.2% |
The six largest sectors of each fund's stocks, % of the fund.
SBI Nifty Bank Index vs Tata NIFTY Financial Services Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI Nifty Bank Index Fund | Tata NIFTY Financial Services Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.32% | 0.58% |
| Base expense ratio (Direct) | 0.18% | 0.39% |
| Total expense ratio (Regular) | 0.75% | 1.13% |
| Base expense ratio (Regular) | 0.54% | 0.90% |
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.
SBI Nifty Bank Index Fund vs Tata NIFTY Financial Services Index Fund: Frequently Asked Questions
What is the difference between SBI Nifty Bank Index Fund and Tata NIFTY Financial Services Index Fund?
SBI Nifty Bank Index Fund is a mutual fund, Tata NIFTY Financial Services Index Fund is an Index fund, run by SBI Mutual Fund and Tata Mutual Fund. Their portfolios overlap 62.9%. SBI Nifty Bank Index Fund charges 0.32% a year and Tata NIFTY Financial Services Index Fund 0.58%.
Which has given higher returns, SBI Nifty Bank Index Fund or Tata NIFTY Financial Services Index Fund?
Over 1 year: SBI Nifty Bank Index Fund −5.31%, Tata NIFTY Financial Services Index Fund −9.46%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI Nifty Bank Index Fund or Tata NIFTY Financial Services Index Fund?
SBI Nifty Bank Index Fund charges less: 0.32% a year against 0.58%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI Nifty Bank Index Fund and Tata NIFTY Financial Services Index Fund overlap?
62.9%. They hold 5 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, KOTAKBANK. From each fund's latest monthly portfolio.
Can I invest in both SBI Nifty Bank Index Fund and Tata NIFTY Financial Services Index Fund?
Yes. 62.9% 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.