Tata NIFTY Financial Services Index Fund vs UTI - Banking and Financial Services Fund
Direct Plan, Growth option · Data as on 30-10-2026
Tata NIFTY Financial Services Index Fund is an Index fund and UTI - Banking and Financial Services Fund is a Thematic fund. In the year to 30-10-2026, Tata NIFTY Financial Services Index Fund (Direct) returned −9.5% and UTI - Banking and Financial Services Fund (Direct) returned −5.4%. Tata NIFTY Financial Services Index Fund charges 0.58% a year and UTI - Banking and Financial Services Fund 1.45% (Direct plans). Their portfolios overlap 77.2%: they hold 15 of the same securities.
Tata NIFTY Financial Services Index Fund
Index
- 1 year return
- −9.5%
- Expense ratio
- 0.58%
- NAV
- ₹11.64
UTI - Banking and Financial Services Fund
Thematic
- 1 year return
- −5.4%
- Expense ratio
- 1.45%
- NAV
- ₹212.57
Which is better, Tata NIFTY Financial Services Index 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.
- UTI - Banking and Financial Services returned more over 1 year: −5.4% against −9.5%.
- Tata NIFTY Financial Services Index costs less: 0.58% a year against 1.45% (Direct plans).
- UTI - Banking and Financial Services fell less in its worst fall since 30-04-2024: −16.5% against −17.4%.
- Tata NIFTY Financial Services Index holds more in large companies: 95.2% of the fund in large caps against 78.2%.
- UTI - Banking and Financial Services is the larger fund: ₹1,339 Cr against ₹77 Cr.
- Their portfolios overlap 77.2%: 15 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 | Tata NIFTY Financial Services Index Fund | UTI - Banking and Financial Services Fund |
|---|---|---|
| Fund house | Tata Mutual Fund | UTI Mutual Fund |
| Category | Index | Thematic |
| AUM | ₹77 Cr (30-09-2026) | ₹1,339 Cr (30-09-2026) |
| NAV | ₹11.64 (Direct) | ₹212.57 (Direct) |
| Expense ratio (Direct) | 0.58% | 1.45% |
| Expense ratio (Regular) | 1.13% | 2.38% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Financial Services TRI | Nifty Financial Services TRI |
| Launch date | 26-04-2024 | 07-04-2004 |
| Minimum investment | ₹5,000 | 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 | None | None |
| Fund managers | Nitin Sharma, Rakesh Prajapati | Bhavesh Kanani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4 |
| Exit load | Exit Load: 0.25% of the applicable NAV, if redeemed on or before 15 days from the date of allotment. | 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 |
Tata NIFTY Financial Services Index 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 |
|---|---|---|---|---|---|---|---|
| Tata NIFTY Financial Services Index Fund (Direct) | +0.27% | −5.76% | −3.15% | −9.46% | -- | -- | -- |
| 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.
Tata NIFTY Financial Services Index vs UTI - Banking and Financial Services: Year-wise Returns
| Year | Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index | UTI - Banking and Financial ServicesUTI - Banking and Financial Services | Nifty Financial Services TRI |
|---|---|---|---|
| 2026to date | −10.13% | −6.40% | −9.69% |
| 2025 | +17.50% | +17.53% | +18.60% |
| 2024 | -- | +12.26% | +10.52% |
| 2023 | -- | +20.81% | +14.31% |
| 2022 | -- | +16.45% | +10.47% |
| 2021 | -- | +15.53% | +14.55% |
Tata NIFTY Financial Services Index 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 1-year holding period, 371 of them, one for each trading day from 30-04-2025 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.
Tata NIFTY Financial Services Index Fund (Direct)
UTI - Banking and Financial Services Fund (Direct)
Nifty Financial Services TRI
to
Jun 2025Sept 2024
to
Sept 2025Dec 2024
to
Dec 2025Mar 2025
to
Mar 2026Jun 2025
to
Jun 2026Sept 2025
to
Sept 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tata NIFTY Financial Services Index | 26.4 | 13.7 | 6.5 | 20.5 | 21.0 | 11.3 | 0.5 | 8.7% | 11.1% | −11.5% | 25.7% | 0% |
| UTI - Banking and Financial Services | 8.1 | 21.6 | 17.0 | 25.3 | 15.4 | 9.2 | 3.5 | 10.6% | 10.9% | −7.0% | 27.8% | 52% |
| Nifty Financial Services TRI | 23.5 | 16.2 | 5.7 | 15.4 | 22.4 | 16.2 | 0.8 | 9.6% | 12.1% | −10.9% | 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 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 30-04-2024. Past returns do not promise future returns.
Tata NIFTY Financial Services Index 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 30-04-2024 to 30-10-2026: 31 instalments, ₹3,10,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index Fund (Direct) | ₹3,10,000 | ₹3,08,128 | −₹1,872 | −0.5% |
| UTI - Banking and Financial ServicesUTI - Banking and Financial Services Fund (Direct) | ₹3,10,000 | ₹3,19,915 | ₹9,915 | 2.4% |
Tata NIFTY Financial Services IndexTata NIFTY Financial Services Index 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.
Tata NIFTY Financial Services Index 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 | Tata NIFTY Financial Services Index Fund (Direct) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | −9.46% | −5.38% |
| Standard deviation | 17.58% | 17.02% |
| Sharpe ratio | -0.84 | -0.62 |
| Sortino ratio | -1.16 | -0.87 |
| Maximum drawdown | −17.4% (31-03-2026) | −16.5% (31-03-2026) |
| Beta | 1.00 | 0.96 |
| Alpha | −0.58% | +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 | Tata NIFTY Financial Services Index Fund (Direct) | UTI - Banking and Financial Services Fund (Direct) |
|---|---|---|
| Return (CAGR) | +5.44% | +11.05% |
| Standard deviation | 16.69% | 21.17% |
| Sharpe ratio | -0.02 | 0.24 |
| Sortino ratio | -0.03 | 0.33 |
| Maximum drawdown | −17.4% (31-03-2026) | −49.0% (23-03-2020) |
| Beta | 1.00 | 0.97 |
| Alpha | −0.81% | −1.60% |
From daily NAVs, 30-04-2024 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.
Tata NIFTY Financial Services Index 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 |
|---|---|---|---|---|---|---|
| Tata NIFTY Financial Services Index Fund (Direct) | −17.4% | 18-02-2026 | 31-03-2026 | Not yet | -- | −12.7% |
| UTI - Banking and Financial Services Fund (Direct) | −16.5% | 23-02-2026 | 31-03-2026 | Not yet | -- | −10.1% |
| Nifty Financial Services TRI | −17.3% | 18-02-2026 | 30-03-2026 | Not yet | -- | −12.4% |
From daily values since 30-04-2024, 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.
Tata NIFTY Financial Services Index 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 |
|---|---|---|---|
| Tata NIFTY Financial Services Index Fund (Direct) | 98% | 102% | 0.20% |
| UTI - Banking and Financial Services Fund (Direct) | 99% | 95% | 3.80% |
From month-end values since 30-04-2024. 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.
Tata NIFTY Financial Services Index vs UTI - Banking and Financial Services: Portfolio Overlap
From each fund's latest monthly portfolio: Tata NIFTY Financial Services Index Fund, September 2026; UTI - Banking and Financial Services Fund, September 2026
Holdings in common
- Overlap
- 77.2%
- Held by both
- 15
- Only in Tata NIFTY Financial Services Index
- 5
- Only in UTI - Banking and Financial Services
- 22
| Security | % of Tata NIFTY Financial Services Index | % of UTI - Banking and Financial Services |
|---|---|---|
| HDFC BANK LTD | 18.64% | 17.60% |
| ICICI BANK LTD | 14.20% | 10.37% |
| STATE BANK OF INDIA | 9.94% | 9.98% |
| AXIS BANK LTD | 10.18% | 9.93% |
| KOTAK MAHINDRA BANK LTD | 10.11% | 9.89% |
| BAJAJ FINANCE LTD | 8.62% | 5.07% |
| SHRIRAM FINANCE LTD | 4.53% | 4.61% |
| SBI LIFE INSURANCE COMPANY LTD | 2.51% | 3.89% |
| BAJAJ FINSERV LTD | 3.31% | 1.50% |
| BSE LTD | 4.16% | 1.27% |
| ICICI LOMBARD GENERAL INSURANCE CO. LTD | 1.25% | 1.78% |
| MAX FINANCIAL SERVICES LTD | 1.18% | 1.19% |
| CHOLAMANDALAM INVESTMENT & FINANCE CO LTD | 2.31% | 1.01% |
| HDFC LIFE INSURANCE CO. LTD | 1.85% | 0.74% |
| SBI CARDS AND PAYMENT SERVICES LTD | 0.58% | 0.43% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 77.2% means 77.2% 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 Tata NIFTY Financial Services Index Fund
| Security | % of fund |
|---|---|
| JIO FINANCIAL SERVICES LTD | 2.34% |
| POWER FINANCE CORPORATION LTD | 1.56% |
| REC LTD | 1.23% |
| MUTHOOT FINANCE LTD | 0.98% |
| LIC HOUSING FINANCE LTD | 0.53% |
Largest holdings only in UTI - Banking and Financial Services Fund
| Security | % of fund |
|---|---|
| EQ - UJJIVAN SMALL FINANCE BANK LTD | 3.93% |
| EQ - AAVAS FINANCIERS LTD. | 1.76% |
| EQ - BANK OF MAHARASHTRA | 1.10% |
| EQ - MULTI COMMODITY EXCHANGE OF IN | 1.06% |
| EQ - LIC OF INDIA | 0.99% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Tata NIFTY Financial Services Index | UTI - Banking and Financial Services |
|---|---|---|
| Equity | 100.0% | 98.7% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.0% | 1.3% |
Market cap of stocks
| Market cap | Tata NIFTY Financial Services Index | UTI - Banking and Financial Services |
|---|---|---|
| Large Cap | 95.2% | 78.2% |
| Mid Cap | 4.2% | 9.9% |
| Small Cap | 0.5% | 10.0% |
| Not on AMFI's list | 0.0% | 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 | Tata NIFTY Financial Services Index | UTI - Banking and Financial Services |
|---|---|---|
| Banks | 63.1% | 64.5% |
| Finance | 26.0% | 18.0% |
| Insurance | 6.8% | 9.5% |
| Capital Markets | 4.2% | 4.7% |
| Financial Technology (Fintech) | 0.0% | 1.5% |
| Not Applicable | 0.0% | 0.7% |
The six largest sectors of each fund's stocks, % of the fund.
Tata NIFTY Financial Services Index vs UTI - Banking and Financial Services: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Tata NIFTY Financial Services Index Fund | UTI - Banking and Financial Services Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.58% | 1.45% |
| Base expense ratio (Direct) | 0.39% | 0.99% |
| Total expense ratio (Regular) | 1.13% | 2.38% |
| Base expense ratio (Regular) | 0.90% | 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.
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Tata NIFTY Financial Services Index Fund vs UTI - Banking and Financial Services Fund: Frequently Asked Questions
What is the difference between Tata NIFTY Financial Services Index Fund and UTI - Banking and Financial Services Fund?
Tata NIFTY Financial Services Index Fund is an Index fund, UTI - Banking and Financial Services Fund is a Thematic fund, run by Tata Mutual Fund and UTI Mutual Fund. Their portfolios overlap 77.2%. Tata NIFTY Financial Services Index Fund charges 0.58% a year and UTI - Banking and Financial Services Fund 1.45%.
Which has given higher returns, Tata NIFTY Financial Services Index Fund or UTI - Banking and Financial Services Fund?
Over 1 year: Tata NIFTY Financial Services Index Fund −9.46%, UTI - Banking and Financial Services Fund −5.38%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Tata NIFTY Financial Services Index Fund or UTI - Banking and Financial Services Fund?
Tata NIFTY Financial Services Index Fund charges less: 0.58% a year against 1.45%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Tata NIFTY Financial Services Index Fund and UTI - Banking and Financial Services Fund overlap?
77.2%. They hold 15 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, SBIN. From each fund's latest monthly portfolio.
Which is riskier, Tata NIFTY Financial Services Index Fund or UTI - Banking and Financial Services Fund?
On SEBI's riskometer, Tata NIFTY Financial Services Index Fund is rated Very High and UTI - Banking and Financial Services Fund Very High. Over 1 years, the standard deviation of daily returns was 17.58% and 17.02% a year.
Can I invest in both Tata NIFTY Financial Services Index Fund and UTI - Banking and Financial Services Fund?
Yes. 77.2% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Tata NIFTY Financial Services Index Fund and UTI - Banking and Financial Services Fund?
Tata NIFTY Financial Services Index Fund: Nitin Sharma, Rakesh Prajapati. UTI - Banking and Financial Services Fund: Bhavesh Kanani FM 1, Not Applicable FM 2, Not Applicable FM 3, Not Applicable FM 4.
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.