Financial Services Fund
(An open ended equity scheme investing in the
Banking and Financial Services sector)
Financial Services Fund
(An open ended equity scheme investing in the
Banking and Financial Services sector)
The investment objective is to generate long term capital appreciation for unit holders from a portfolio invested predominantly in equity and equity related securities of companies engaged in the Banking & Financial Services Sector. However, there can be no assurance that the investment objectives of the Scheme will be realized. The Scheme does not guarantee/indicate any returns.
NAV Details (As On February 28, 2023)| Regular Plan - Growth Option | : ₹ 29.87 |
| Regular Plan - IDCW Option | : ₹ 17.51 |
| Direct Plan - Growth Option | : ₹ 32.39 |
| Direct Plan - IDCW Option | : ₹ 19.39 |
Benchmark Index (Tier 1)Nifty Financial Services TRI
Date of AllotmentJune 22, 2012
Fund Manager μ| Fund Manager | Managing fund since | Experience |
| Sandeep Jain | 14-Mar-22 | 14 years |
Load StructureEntry Load: Not Applicable
Exit Load: 1% if redeemed on or before 12 months from the
date of allotment of units. • NIL if redeemed after 12 months
from the date of allotment of units.
For detailed load structure please refer Scheme Information
Document of the scheme.
μ Dedicated Fund Manager for Overseas Investments: Mr. Miten Vora (managing fund since December 01, 2022)
Minimum Application Amount:
₹ 5,000 and in multiples of ₹ 1
thereafter.
Minimum Additional Application Amount:₹ 1,000 and in
multiples of ₹ 1 thereafter.
Minimum Application Amount:
(i) Daily, Weekly, Monthly SIP: ₹ 500/- and in multiples of
₹ 1/- thereafter;
(ii) Quarterly SIP: ₹ 1500/- and in multiples of ₹ 1/- thereafter. There is no upper limit
Frequency Available:Daily, Weekly, Monthly and Quarterly
| Monthly AAUM## As On February 28, 2023 | : ₹ 70.99 Crores |
| AUM## As On February 28, 2023 | : ₹ 69.69 Crores |
## excluding inter-scheme Investments, if any, by other schemes of Baroda BNP Paribas Mutual Fund, as may be applicable
| EQUITY HOLDINGS | % of Net Assets |
| BANKS | 77.25% |
| ✔ HDFC Bank Ltd. | 23.64% |
| ✔ ICICI Bank Ltd. | 18.40% |
| ✔ State Bank of India | 10.13% |
| ✔ Axis Bank Ltd. | 7.27% |
| ✔ Kotak Mahindra Bank Ltd. | 4.71% |
| ✔ The Federal Bank Ltd. | 2.87% |
| ✔ Karur Vysya Bank Ltd. | 2.34% |
| RBL Bank Ltd. | 1.79% |
| Bank of Baroda | 1.60% |
| IndusInd Bank Ltd. | 1.55% |
| AU Small Finance Bank Ltd. | 1.28% |
| Equitas Small Finance Bank Ltd. | 0.87% |
| DCB Bank Ltd. | 0.81% |
| FINANCE | 12.38% |
| ✔ Bajaj Finance Ltd. | 3.42% |
| ✔ Housing Development Finance Corporation Ltd. | 2.25% |
| ✔ Five Star Business Finance LTD | 2.00% |
| Cholamandalam Investment & Finance Co. Ltd. | 1.74% |
| Muthoot Finance Ltd. | 1.54% |
| Bajaj Finserv Ltd. | 1.44% |
| INSURANCE | 4.51% |
| SBI Life Insurance Company Ltd. | 1.85% |
| Max Financial Services Ltd. | 1.39% |
| ICICI Lombard General Insurance Company Ltd. | 1.26% |
| EQUITY LESS THAN 0.75% OF CORPUS | 0.74% |
| Total Equity Holdings | 94.88% |
| Fixed Income Holdings | % of Net Assets |
| Money Market Instruments | 4.64% |
| TREPS/Reverse Repo | 4.64% |
| Total Fixed Income Holdings | 4.64% |
| Net Receivables / (Payables) | 0.48% |
| GRAND TOTAL | 100.00% |
Investment in Top 10 scrips constitutes 77.04% of the portfolio
Pursuant to distribution under Income Distribution cum Capital Withdrawal (‘IDCW’) option, NAV of the IDCW option of the scheme(s) would fall to the extent of payout and statutory levy (if applicable). The
amounts under IDCW options can be distributed out of investors capital (Equalization Reserve), which is part of sale price that represents realized gains. Past performance may or may not be sustained in future.
The above stated distribution rate per unit is net distribution rate after deducting applicable taxes. The above distribution rates are on face value of ₹ 10 per unit.
| TER - Regular Plan (%) | 2.61 |
| TER - Direct Plan (%) | 1.63 |
| Portfolio Turnover Ratio | 0.84 |
| Standard Deviation* | 29.94% |
| Beta* | 0.96 |
| Sharpe Ratio* | 0.00 |
| Sharpe Ratio (annualised), Standard Deviation (annualised) and Beta are based on last 36 monthly data points. | |
*The information contained in this report has been obtained from sources considered to be authentic and reliable. This quantitative data does not purport to be an offer for purchase and sale of mutual fund units. The risk free rate of return considered for calculation of Sharpe ratio is 6.70%, as per 1 day MIBOR rate on the last business day of the month.
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Mutual Fund investments are subject to market risks, read all scheme related documents carefully.