March 23, 2026
RA Jainee
Tata Banking and Financial Services Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 48.1 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 48.1 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Financial Services TRI |
| AUM Rs. | 3,261 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.51% |
| 1 Year Return (%) | 9.51 |
| 3 Year Return (%) | 17.39 |
| 5 Year Return (%) | 13.40 |
| 10 Year Return (%) | 17.19 |
| Return Since Launch | 16.60% |
⚖️ Sahifund Review – Tata Banking and Financial Services Fund ✔
PLUS: Stability, track record, cost efficiency
• Strong long-term track record with ~17% returns over 10 years, reflecting consistency in India’s financial sector growth
• Solid medium-term performance (17.39% 3Y) outperforming benchmark and category average
• Cost-efficient fund with relatively low expense ratio (0.51%) compared to sectoral peers
• Focused portfolio benefits from India’s structural banking growth, credit expansion and financialisation theme
• Experienced fund management with disciplined allocation across banks, NBFCs and financial services
MINUS: Large AUM, large-cap bias, momentum lag
• Highly concentrated portfolio (~98% in BFSI sector) increases sector-specific risk
• Strong large-cap bias (~73%) limits alpha during mid/small-cap rallies
• High stock concentration (Top 10 ~69%) increases volatility risk
• Sectoral funds tend to underperform during non-financial rallies
• Returns can lag diversified equity funds over full market cycles
Sahifund View (Decisive Line):
A strong sectoral performer aligned with India’s financial growth story, but suitable only as a tactical allocation — not a core portfolio holding.
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Banking funds in our opinion, because:
• They have a narrow focus on only financial services companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
Fund’s Investment Strategy:
The scheme seeks long term capital appreciation by investing atleast 80% of its net assets in equity/equity related instruments of the companies in the Banking and Financial Services sector in India.
Fund Manager:
1) Kapil Malhotra
Education: Mr.Malhotra has done B.Sc(Hons.) in Business and Administration and MBA(PGPEM)
Experience: Prior to joining Tata Mutual Fund, he has worked with Trust Financial Consultancy Services Pvt Ltd., Avvanti Advisors Pvt. Ltd.and SHK India Pvt Ltd
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | 500 |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 30 days |
Basic Details of Tata Banking and Financial Services Fund
| Fund House | Tata Mutual Fund |
| Launch Date | 28-Dec-15 |
| Return Since Launch | 16.60% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets Rs. | 3,261 Cr |
| (As on 28-Feb-2026) | |
| Expense | 0.51% |
| (As on 28-Feb-2026) | |
| Risk Grade | Average |
| Return Grade | Average |
| Turnover | 50.31% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Tata Banking & Financial Services Dir | -9.27 | -3.65 | -10.35 | -8.59 | -3.57 | 9.51 | 17.39 | 13.40 | 13.86 | 17.19 |
| BSE Bankex TRI | -9.93 | -3.32 | -11.92 | -9.08 | -3.58 | 6.18 | 11.17 | 10.15 | 9.38 | 13.58 |
| Equity: Sectoral-Banking | -9.51 | -3.47 | -10.57 | -8.58 | -3.55 | 9.20 | 16.04 | 12.86 | 12.25 | 15.27 |
| Rank within category | 15 | 34 | 18 | 19 | 14 | 12 | 7 | 6 | 4 | 3 |
| Number of funds in category | 40 | 43 | 42 | 40 | 39 | 36 | 19 | 13 | 11 | 11 |
Peer Comparison of Tata Banking and Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Tata Banking & Financial Services Dir | 3 star | 9.51 | 17.39 | 13.40 | 0.51 | 3,261 | 16.60 | 0.25 (30) | 10Y 2M | 50.31 |
| SBI Banking & Financial Services Dir | 4 star | 12.67 | 20.85 | 14.03 | 0.72 | 10,725 | 14.95 | 0.50 (30) | 11Y | 84.00 |
| Nippon India Banking & Financial Srvices Dir | 5 star | 8.45 | 17.50 | 15.93 | 0.95 | 7,869 | 13.51 | 1.00 (30) | 13Y 2M | 24.00 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 12.07 | 18.27 | 14.29 | 0.57 | 2,272 | 15.93 | 1.00 (365) | 5Y 3M | 40.00 |
| Sundaram Financial Services Opportunities Dir | 4 star | 8.35 | 18.33 | 14.67 | 0.76 | 1,684 | 13.37 | 0.50 (30) | 13Y 2M | 31.60 |
Portfolio Analysis of Tata Banking and Financial Services Fund
| No. of Stocks | 28 |
| Top 10 Stocks | 69.47% |
| Top 5 Stocks | 54.22% |
| Top 3 Sectors | 98.34% |
| Portfolio P/B Ratio | 2.34 |
| Portfolio P/E Ratio | 17.73 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 2,73,009 | 3,15,573 |
| Giant (%) | — | — |
| Large (%) | 72.92 | 73.41 |
| Mid (%) | 15.48 | 19.45 |
| Small (%) | 11.60 | 10.34 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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