EquitySectoral/ ThematicRegularGrowthVery High

Bajaj Finserv Banking and Financial Services Fund

Q: What is the NAV of Bajaj Finserv Banking and Financial Services Fund?

As of 01 Oct 2026, the NAV of Bajaj Finserv Banking and Financial Services Fund is ₹9.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bajaj Finserv Banking and Financial Services Fund delivered?

Bajaj Finserv Banking and Financial Services Fund has returned -6.79% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

Q: What is the expense ratio of Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund charges an expense ratio of 2.81% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund's largest holdings are ICICI Bank Limited (13.0%), HDFC Bank Limited (12.8%), State Bank of India (8.0%), Bajaj Finance Limited (5.2%) and Kotak Mahindra Bank Limited (4.8%). Holdings are disclosed monthly and change over time.

Q: How risky is Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.0% and its worst peak-to-trough fall in our sample was -15.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund is benchmarked against the NIFTY Financial Services TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund is managed by Kishore Agarwal, Sayan Das Sharma and Siddharth Chaudhary at Bajaj Finserv.

Q: How is Bajaj Finserv Banking and Financial Services Fund taxed?

Bajaj Finserv Banking and Financial Services Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.

Bajaj Finserv Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹9.30

-0.28% 1D

as of 01 Oct 2026

This is the Regular plan of Bajaj Finserv Banking and Financial Services Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

Compare SIP calculator

Performance

-6.79%absolute

52-week rangePrev NAV ₹9.33

Latest ₹9.30

Low ₹8.6540th percentile of its 52-week rangeHigh ₹10.26

Scorecard

Not rated

How this is computed

Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Sectoral/ Thematic peers to rank yet

RiskModerate

Volatility 17.0% vs 15.6% category avg

CostHigh

2.8% expense vs 2.5% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

Trails the Sectoral/ Thematic average on 1M/3M/6M
High expense ratio (2.81%) vs the Sectoral/ Thematic average of 2.46%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.81%

Category 2.46%▲0.35%

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

16.00

Category —

Excess return per unit of total volatility (rf = 6.5%)

—

Category 0.34

Scheme Info

Definitions

Plan

Regular · Growth

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

Entry load – Nil Exit load: For each purchase of units through Lumpsum / switch-in / Systematic Investment Plan (SIP) and Systematic Transfer Plan (STP), exit load will be as follows: • if units are redeemed / switched out within 3 months from the date of allotment: 1% of applicable NAV. • if units are redeemed/switched out after 3 months from the date of allotment, no exit load is payable. The Scheme will not levy exit load in case the timelines for rebalancing portfolio as stated in SEBI Master Circular for Mutual Funds dated June 27, 2024, is not complied with. The Trustee / AMC reserves the right to change the load structure any time in the future if they so deem fit on a prospective basis. The investor is requested to check the prevailing load structure of the scheme before investing.

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

—

Smallest recurring SIP instalment the scheme accepts

—

Smallest one-time (lumpsum) investment the scheme accepts

₹500

NIFTY Financial Services TRI

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

03 Dec 2025

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

-5.81%

Absolute return over the last 3 months (not annualized)

-7.33%

Absolute return over the last 6 months (not annualized)

+5.32%

Absolute return since 1 Jan of this year (not annualized)

-7.52%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

—

3-year annualized return (CAGR)

—

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

-6.79%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

16.99%

Excess return per unit of total volatility (rf = 6.5%)

—

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

—

Largest peak-to-trough decline over full history

-15.73%

Benchmark ratios (vs Nifty Bank TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty Bank TRI

—

Sensitivity to Nifty Bank TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty Bank TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

Fund's share of benchmark gains in up months (100 = matches index)

—

Fund's share of benchmark losses in down months (lower is better)

—

Computed vs the Nifty Bank TRI over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (Sectoral/ Thematic)

Period	Fund	Category avg.	Diff
1M abs	-5.81%	-5.14%	-0.67%
3M abs	-7.33%	-2.33%	-5.00%
6M abs	+5.32%	+10.83%	-5.51%
1Y CAGR	—	+2.26%	—
3Y CAGR	—	+12.15%	—
5Y CAGR	—	+11.03%	—

Category average across peers in Sectoral/ Thematic (254 of 255 carry a figure for at least one period), same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).

Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.

Backtest this fund

What a SIP or one-time investment would have grown to over this fund’s real NAV history.

Monthly investment (₹)

Period

Invested

₹90.00K

Current value

₹86.90K

Absolute

-3.45%

XIRR

-10.00%

Value vs. invested

ValueInvested

9 monthly installments of ₹10,000 into Bajaj Finserv Banking and Financial Services Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Calendar-year returns

What the fund actually returned in each year, not the smoothed average.

Year	Fund	Nifty Bank TRI	Diff
2026part	-7.52%	-7.52%	0.00%
2025part	+0.79%	—	—

January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.

History points

206

Expense ratio

2.81%

AUM

₹427.62Cr

Exit load

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

16.0

P/B ratio

3.1

Avg market cap

₹4,62,625Cr

P/E & P/B are portfolio-weighted harmonic means across 26 of 36 equity holdings (81% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

On gains above ₹1.25 L per financial year

Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.

Peer comparison · Sectoral/ Thematic

Compare all


Bajaj Finserv Banking and Financial Services FundThis fund Bajaj Finserv · Regular · Growth	—	—	—	—	—	2.81%	₹427.62Cr
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+118.60%	+60.45%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+21.45%	+34.62%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+25.19%	+28.72%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+32.21%	+22.88%	+8.49%	—	2.47%	₹720.84Cr
Aditya Birla Sun Life International Equity Fund Aditya Birla Sun Life · Regular · Growth	★★★★☆	+17.38%	+21.97%	+12.58%	—	2.54%	₹320.62Cr

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 98% of the equity sleeve priced.

Large cap62.6%
Mid cap13.9%
Small cap23.5%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity96.53%
Cash & Equivalents2.43%
Other1.05%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

ICICI Bank Limited

13.03%

HDFC Bank Limited

12.82%

State Bank of India

8.01%

Bajaj Finance Limited

5.22%

Kotak Mahindra Bank Limited

4.76%

Axis Bank Limited

4.69%

Shriram Finance Limited

3.60%

The Federal Bank Limited

3.11%

SBI Funds Management Limited

3.06%

Prudent Corporate Advisory Services Limited

2.78%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Tata Nifty Financial Services Index Fund Tata · Index Funds	63.0%	★☆☆☆☆	0.58%	—
Kotak Banking and Financial Services Fund Kotak Mahindra · Sectoral/ Thematic	60.9%	★★☆☆☆	0.80%	+10.85%
Canara Robeco Banking and Financial Services Fund Canara Robeco · Sectoral/ Thematic	60.7%	—	1.05%	—
UTI - Banking and Financial Services Fund UTI · Sectoral/ Thematic	59.9%	★★☆☆☆	1.44%	+11.62%
HDFC Banking & Financial Services Fund HDFC · Sectoral/ Thematic	59.5%	★★★☆☆	0.98%	+11.00%
Mirae Asset Banking and Financial Services Fund Mirae Asset · Sectoral/ Thematic	59.0%	★★★☆☆	0.77%	+11.14%
Bandhan Financial Services Fund Bandhan · Sectoral/ Thematic	57.3%	★★★☆☆	0.99%	+13.47%
ITI Banking and Financial Services Fund ITI · Sectoral/ Thematic	57.1%	★★☆☆☆	1.10%	+10.06%

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

🚩Holdings under NSE surveillance (ASM)

1 holding — 0.94% of the portfolio — sit in stocks NSE currently lists under its Additional Surveillance Measure. ASM is an exchange response to unusual price or volume activity (higher margins, and trade-for-trade settlement at stage II), not a view on the company or on this fund.

Turtlemint Fintech Solutions LimitedShort-term · Stage I0.94%

Source: NSE ASM list, matched to holdings by company name — a holding whose name differs from NSE's spelling may not be matched. BSE's separate list is not covered.

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-15.7%18 Feb 2026 → 30 Mar 2026
Still below that high — 40 days down, and no recovery yet.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹427.62Cr

April - June 2026

+8%

since January - March 2026

+₹60.18Cr

est. net flow, last quarter

At or near its largest, ₹427.62Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.

Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.

AMC Profile

Bajaj Finserv Mutual Fund is run by Bajaj Finserv Asset Management, part of the Bajaj Finserv financial services group, and began launching schemes in 2023. Its line-up spans equity, hybrid and debt.

Launched

17 Oct 2021

Total AUM

₹37,842Cr+14.6% QoQ

Avg AUM · July - September 2026

Website

bajajamc.com

Fund Managers

KAKishore AgarwalManaging since 19 May 2026

Role

Associate Fund Manager Equity

Experience

Mr. Kishore Agarwal joined the Company in January 2024 as a Senior Research Analyst and has been actively engaged in supporting the Fund Manager through fundamental research and the origination of actionable investment ideas across market capitalizations, with deep specialization in the Banking and Financial Services sector. Upon his appointment as Fund Manager and Key Personnel, he will assume additional responsibility for bottom-up security selection, portfolio construction, position sizing, and active portfolio churn management, with a disciplined focus on delivering risk-adjusted returns vis-à-vis the benchmark. Prior to joining the Company, he was associated with CRISIL including assignments held during the last 10 years Limited and Visible Alpha (now S&P Global Market Intelligence). He brings over 12 years of investment management experience spanning fundamental equity research, bottom-up stock selection, attribution analysis, portfolio construction, and performance evaluation, and has consistently contributed to alpha generation through fundamental research, financial modelling, and deep investment-driven insights.

SSSayan Das SharmaManaging since 19 May 2026

Experience

Shri Sayan Das Sharma joined the AMC on 02 November 2022 as Senior Business Analyst. Prior to joining the AMC, Shri Sayan Das Sharma was associated with Arthya Wealth & Investments (PMS) from April 2021 to October 2022. Before joining Arthya Wealth & Investments (PMS), he was also associated with Bank of Baroda Capital Markets Ltd from November 2018 to March 2021. He was also associated with Crisil Limited from September 2011 to October 2018. He has work experience of over 14 years in financial markets in Research area.

Funds managed (1)

Bajaj Finserv Consumption Fund

All schemes Sayan Das Sharma runs →

SCSiddharth ChaudharyStart date not disclosed

Role

Senior Fund Manager – Fixed Income

Experience

Mr. Chaudhary joined the Company in July 2022 as Senior Fund Manager Fixed Income. Prior to this he was associated with Sundaram Asset Management Co. Ltd from April 2019 - July 2022 as Head Fixed Income Institutional Business, from April 2017 – March 2019 as Senior Fund Manager – Fixed Income, from August 2010

Funds managed (19)

All schemes Siddharth Chaudhary runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.

Explore from here

Fund managers

Siddharth Chaudhary

Top holdings

ICICI Bank Limited HDFC Bank Limited State Bank of India Bajaj Finance Limited Kotak Mahindra Bank Limited Axis Bank Limited Shriram Finance Limited The Federal Bank Limited SBI Funds Management Limited Prudent Corporate Advisory Services Limited RBL Bank Limited Sundaram Finance Limited

Bajaj Finserv in the news

Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.

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Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.

About Sectoral & Thematic funds

Sectoral and thematic funds must keep at least 80% in the equity of one sector (banking, pharma, technology) or one theme (consumption, manufacturing, ESG). That concentration is the point and the risk: with no mandate to diversify away from the sector, the fund rises and falls with it.

Frequently asked questions

What is the NAV of Bajaj Finserv Banking and Financial Services Fund?

As of 01 Oct 2026, the NAV of Bajaj Finserv Banking and Financial Services Fund is ₹9.30 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bajaj Finserv Banking and Financial Services Fund delivered?

Bajaj Finserv Banking and Financial Services Fund has returned -6.79% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.

What is the expense ratio of Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund charges an expense ratio of 2.81% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

What are the top holdings of Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund's largest holdings are ICICI Bank Limited (13.0%), HDFC Bank Limited (12.8%), State Bank of India (8.0%), Bajaj Finance Limited (5.2%) and Kotak Mahindra Bank Limited (4.8%). Holdings are disclosed monthly and change over time.

How risky is Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 17.0% and its worst peak-to-trough fall in our sample was -15.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund is benchmarked against the NIFTY Financial Services TRI. Its alpha and beta on this page are measured against that index.

Who manages Bajaj Finserv Banking and Financial Services Fund?

Bajaj Finserv Banking and Financial Services Fund is managed by Kishore Agarwal, Sayan Das Sharma and Siddharth Chaudhary at Bajaj Finserv.

How is Bajaj Finserv Banking and Financial Services Fund taxed?

Bajaj Finserv Banking and Financial Services Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.