EquitySectoral/ ThematicRegularGrowthVery High

Bank of India Banking & Financial Services Fund

Q: What is the NAV of Bank of India Banking & Financial Services Fund?

As of 05 Oct 2026, the NAV of Bank of India Banking & Financial Services Fund is ₹9.15 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Bank of India Banking & Financial Services Fund delivered?

Bank of India Banking & Financial Services Fund has returned -8.59% 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 Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund charges an expense ratio of 2.77% 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 Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund's largest holdings are ICICI Bank Limited (13.4%), HDFC Bank Limited (10.6%), State Bank of India (8.9%), Shriram Finance Limited (5.0%) and Bajaj Finance Limited (3.9%). Holdings are disclosed monthly and change over time.

Q: How risky is Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.0% and its worst peak-to-trough fall in our sample was -14.3%. 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 Bank of India Banking & Financial Services Fund?

Bank of India Banking & 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 Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund is managed by Nilesh Jethani at Bank of India.

Q: How is Bank of India Banking & Financial Services Fund taxed?

Bank of India Banking & 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.

Bank of India Mutual Fund · Best Sectoral & Thematic Mutual Funds

NAV

₹9.15

+0.66% 1D

as of 05 Oct 2026

This is the Regular plan of Bank of India Banking & 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.

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Performance

-8.59%absolute

52-week rangePrev NAV ₹9.09

Latest ₹9.15

Low ₹8.8024th percentile of its 52-week rangeHigh ₹10.27

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

RiskHigh

Volatility 18.0% 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
More volatile than its Sectoral/ Thematic peers (18.0% vs 15.6%)
High expense ratio (2.77%) vs the Sectoral/ Thematic average of 2.46%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

2.77%

Category 2.46%▲0.31%

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

15.46

Category —

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

—

Category 0.36

Scheme Info

Definitions

Plan

Regular · Growth

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

None

• If redeemed/ switched-out within 3 months from the date of allotment: - For 10% of investments: Nil - For remaining investments:1% • If redeemed/ switched-out after 3 months from the date of allotment: Nil

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.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹1,000

Smallest one-time (lumpsum) investment the scheme accepts

₹5,000

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.

02 Feb 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.15%

Absolute return over the last 3 months (not annualized)

-8.77%

Absolute return over the last 6 months (not annualized)

+2.12%

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

-8.59%

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.

-8.59%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

18.01%

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

-14.31%

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	-6.15%	-4.56%	-1.59%
3M abs	-8.77%	-2.59%	-6.18%
6M abs	+2.12%	+11.43%	-9.31%
1Y CAGR	—	+2.14%	—
3Y CAGR	—	+12.50%	—
5Y CAGR	—	+10.82%	—

Category average across peers in Sectoral/ Thematic (up to 255 funds with data), 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

₹80.00K

Current value

₹76.45K

Absolute

-4.44%

XIRR

-14.41%

Value vs. invested

ValueInvested

8 monthly installments of ₹10,000 into Bank of India Banking & Financial Services Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

History points

167

Expense ratio

2.77%

AUM

₹188.99Cr

Portfolio turnover

31%

Exit load

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

P/E ratio

15.5

P/B ratio

3.0

Avg market cap

₹4,26,957Cr

P/E & P/B are portfolio-weighted harmonic means across 24 of 35 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


Bank of India Banking & Financial Services FundThis fund Bank of India · Regular · Growth	—	—	—	—	—	2.77%	—
Nippon India Taiwan Equity Fund Nippon India · Regular · Growth	★★★★☆	+125.07%	+61.55%	—	—	2.34%	₹1,110Cr
HDFC Defence Fund HDFC · Regular · Growth	★★★★☆	+19.02%	+34.59%	—	—	1.79%	₹9,371Cr
HDFC Pharma and Healthcare Fund HDFC · Regular · Growth	★★★★★	+24.17%	+28.28%	—	—	2.11%	₹2,282Cr
Franklin Asian Equity Fund Franklin Templeton · Regular · Growth	★★★☆☆	+31.28%	+23.90%	+8.86%	—	2.47%	₹720.84Cr
Nippon India Japan Equity Fund Nippon India · Regular · Growth	★★★☆☆	+28.99%	+22.97%	+10.76%	—	2.50%	₹330.20Cr

Market-cap allocation · AMFI bands, Jul 2026

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

Large cap66.3%
Mid cap14.4%
Small cap19.2%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity98.61%
Cash & Equivalents1.39%

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

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Canara Robeco Banking and Financial Services Fund Canara Robeco · Sectoral/ Thematic	64.7%	—	1.05%	—
Edelweiss Financial Services Fund Edelweiss · Sectoral/ Thematic	63.8%	—	0.98%	—
Kotak Banking and Financial Services Fund Kotak Mahindra · Sectoral/ Thematic	62.9%	★★★☆☆	0.80%	+11.49%
Tata Banking & Financial Services Fund Tata · Sectoral/ Thematic	61.0%	★★★☆☆	0.93%	+10.38%
MahindraManulife Banking & Financial Services Fund Mahindra Manulife · Sectoral/ Thematic	59.0%	★★★☆☆	1.13%	—
Bandhan Financial Services Fund Bandhan · Sectoral/ Thematic	58.0%	★★★☆☆	0.99%	+13.98%
Helios Financial Services Fund Helios · Sectoral/ Thematic	57.1%	★★☆☆☆	1.16%	—
Aditya Birla Sun Life Banking and Financial Services Fund Aditya Birla Sun Life · Sectoral/ Thematic	57.0%	★★☆☆☆	1.15%	+8.65%

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)

2 holdings — 3.79% 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.

PB Fintech LimitedShort-term · Stage I2.27%
Turtlemint Fintech Solutions LimitedShort-term · Stage I1.52%

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.

-14.3%26 Feb 2026 → 30 Mar 2026
Still below that high — 32 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.

AMC Profile

Bank of India Mutual Fund is run by Bank of India Investment Managers, wholly owned by the bank since its former joint-venture partner AXA Investment Managers exited — the house was branded BOI AXA until then. It runs a compact equity, hybrid and debt line-up.

Launched

30 Mar 2008

Total AUM

₹15,446Cr+9.0% QoQ

Avg AUM · April - June 2026

Website

boimf.in

Fund Managers

NJNilesh JethaniStart date not disclosed

Education

Post Graduate Program in Global Financial Markets, CFA Level 2.

Experience

He has over 9 years of experience in Equity Research across Financial, IT and Capital Goods sector. Experience • Bank of India Investment Managers Private Limited (November 2021, to Present). • Envision Capital Services Pvt Ltd (November 2020 to October 2021). • HDFC Securities Ltd (July 2019 to October 2020) • HDFC Bank Ltd (September 2016 to July 2019).

Funds managed (5)

All schemes Nilesh Jethani runs →

Fund manager, benchmark and dealing terms from 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

Nilesh Jethani

Top holdings

ICICI Bank Limited HDFC Bank Limited State Bank of India Shriram Finance Limited Bajaj Finance Limited One 97 Communications Limited Bank of Baroda ICICI Prudential Asset Management Company Limited Indian Bank HDFC Asset Management Company Limited City Union Bank Limited Computer Age Management Services Limited

Bank of India 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 Bank of India Banking & Financial Services Fund?

As of 05 Oct 2026, the NAV of Bank of India Banking & Financial Services Fund is ₹9.15 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Bank of India Banking & Financial Services Fund delivered?

Bank of India Banking & Financial Services Fund has returned -8.59% 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 Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund charges an expense ratio of 2.77% 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 Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund's largest holdings are ICICI Bank Limited (13.4%), HDFC Bank Limited (10.6%), State Bank of India (8.9%), Shriram Finance Limited (5.0%) and Bajaj Finance Limited (3.9%). Holdings are disclosed monthly and change over time.

How risky is Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.0% and its worst peak-to-trough fall in our sample was -14.3%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Bank of India Banking & Financial Services Fund?

Bank of India Banking & 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 Bank of India Banking & Financial Services Fund?

Bank of India Banking & Financial Services Fund is managed by Nilesh Jethani at Bank of India.

How is Bank of India Banking & Financial Services Fund taxed?

Bank of India Banking & 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.