HDFC Banking & Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 24 Sep 2026
- ₹17.20-2.66%1 day
- Return since launch
- 11.7%
- 52-week range
- ₹15.41 — ₹18.60
- AUM
- ₹4,688 Cr
HDFC Banking & Financial Services Fund is a Sectoral-Banking equity fund from HDFC Mutual Fund with ₹4,688 Cr under management, launched in 2021. Over three years it has returned 5.8% a year, against 10.7% for its category. The expense ratio is 2.00% and the SEBI riskometer reading is Very High.
Performance
HDFC Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +2.8% against +0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | -4.6% | −6.6 pts | 2.0% | -5.0% |
| 2Y | 2.5% | +0.5 pts | 2.0% | 1.5% |
| 3Y | 5.8% | −4.8 pts | 10.7% | 4.7% |
| 5Y | 10.3% | +0.7 pts | 9.6% | 9.0% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.8% | −0.1 pts | -4.6% | -4.0% |
| 3M | -4.9% | −0.8 pts | -4.1% | -4.1% |
| 6M | 5.2% | +0.7 pts | 4.5% | 4.4% |
| 1Y | 2.8% | +0.8 pts | 2.0% | 0.7% |
| 2Y | 1.8% | +0.2 pts | 1.6% | 0.9% |
| 3Y | 10.5% | −0.2 pts | 10.7% | 9.2% |
| 5Y | 9.7% | +0.1 pts | 9.6% | 8.6% |
Since launch (11 Jun 2021): 11.7%
Calendar-year returns
Category average15.1%
21.4%
9.8%
16.9%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 16.9% | −1.7 pts | 18.6% |
| 2024 | 9.8% | −2.2 pts | 12.0% |
| 2023 | 21.4% | 0.0 pts | 21.4% |
| 2022 | 15.1% | −1.4 pts | 16.5% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.02%
Expense ratio as on 16 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.62%
- Brokerage
- 0.03%
- Transaction charges
- 0.01%
- Statutory levies
- 0.36%
- Exit load
- Exit load of 1%, if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 1.51 | 6.55 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 1.01 | 0.92 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.48 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.65 | 0.96 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.16 | 16.34 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 5 category peers | |||
Portfolio
HDFC Banking & Financial Services Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.6%
- Other0.4%
Market cap split
- Large70.1%
- Mid12.1%
- Small17.8%
- P/E
- 17.88
- P/B
- 2.31
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| ICICI Bank Ltd. | Financial | 14.38% | ₹674 Cr | +13.45% | +13.99% | +17.66% |
| HDFC Bank Ltd. | Financial | 12.18% | ₹571 Cr | +14.53% | +16.63% | +21.50% |
| Kotak Mahindra Bank Ltd. | Financial | 8.17% | ₹383 Cr | +7.84% | +8.13% | +4.60% |
| Axis Bank Ltd. | Financial | 7.76% | ₹364 Cr | +8.58% | +8.71% | +7.08% |
| State Bank of India | Financial | 6.33% | ₹297 Cr | +6.24% | +7.46% | +5.56% |
| Shriram Finance Ltd | Financial | 4.50% | ₹211 Cr | +4.69% | +4.89% | +2.27% |
| Bajaj Finance Ltd. | Financial | 4.11% | ₹193 Cr | +3.83% | +4.36% | +3.10% |
| SBI Life Insurance Company Ltd. | Insurance | 3.60% | ₹169 Cr | +3.25% | +3.12% | +2.86% |
| Five-Star Business Finance Ltd. | Financial | 2.61% | ₹122 Cr | +2.35% | +1.97% | +2.18% |
| AU Small Finance Bank Ltd. | Financial | 2.43% | ₹114 Cr | +2.73% | +2.97% | +3.82% |
| Karur Vysya Bank Ltd. | Financial | 1.93% | ₹90.29 Cr | +2.18% | +2.33% | +2.34% |
| ICICI Lombard General Insurance Company Ltd. | Insurance | 1.75% | ₹82.26 Cr | +2.17% | +2.21% | +1.38% |
| Home First Finance Company India Ltd. | Financial | 1.71% | ₹80.36 Cr | +1.72% | +1.68% | +2.14% |
| Angel One Ltd. | Financial | 1.65% | ₹77.46 Cr | +2.22% | +1.09% | — |
| Equitas Small Finance Bank Ltd. | Financial | 1.65% | ₹77.50 Cr | +1.74% | +1.53% | +1.34% |
| Billionbrains Garage Ventures Ltd. | Financial | 1.64% | ₹76.82 Cr | +1.71% | +1.70% | — |
| Life Insurance Corporation of India | Insurance | 1.61% | ₹75.24 Cr | — | — | — |
| PNB Housing Finance Ltd. | Financial | 1.56% | ₹73.25 Cr | +1.52% | +1.17% | +1.00% |
| Max Financial Services Ltd. | Financial | 1.51% | ₹70.79 Cr | +1.74% | +1.61% | +1.78% |
| Can Fin Homes Ltd. | Financial | 1.46% | ₹68.42 Cr | +1.75% | +1.94% | +2.06% |
| Poonawalla Fincorp Ltd. | Financial | 1.33% | ₹62.55 Cr | +1.19% | — | — |
| Tata Capital Ltd. | Financial | 1.33% | ₹62.54 Cr | +1.20% | — | — |
| Mahindra & Mahindra Financial Services Ltd. | Financial | 1.27% | ₹59.68 Cr | — | — | +0.99% |
| PB Fintech Ltd. | Services | 1.27% | ₹59.63 Cr | +1.03% | +0.77% | — |
| SBI Funds Management Ltd. | Financial | 1.23% | ₹57.47 Cr | — | — | — |
| Fusion Finance Ltd. | Financial | 1.21% | ₹56.73 Cr | +1.17% | +1.18% | +0.45% |
| Bandhan Bank Ltd. | Financial | 1.19% | ₹55.66 Cr | +1.64% | +1.37% | +0.96% |
| 360 One Wam Ltd. | Financial | 1.15% | ₹54.05 Cr | — | — | +1.24% |
| Indusind Bank Ltd. | Financial | 1.08% | ₹50.83 Cr | +1.63% | +1.63% | +1.41% |
| ICICI Prudential Asset Management Company Ltd. | Financial | 1.07% | ₹50.00 Cr | +1.35% | +1.98% | — |
| Indian Bank | Financial | 0.80% | ₹37.48 Cr | +0.80% | — | — |
| OnEMI Technology Solutions Ltd. | Financial | 0.79% | ₹37.19 Cr | +1.47% | — | — |
| CreditAccess Grameen Ltd. | Financial | 0.74% | ₹34.55 Cr | — | — | — |
| SBFC Finance Ltd. | Financial | 0.68% | ₹31.99 Cr | +0.65% | +1.03% | +1.83% |
| HDFC Life Insurance Co Ltd. | Insurance | 0.58% | ₹27.17 Cr | — | — | +2.02% |
| Repco Home Finance Ltd. | Financial | 0.55% | ₹25.85 Cr | — | — | — |
| BSE Ltd. | Services | 0.53% | ₹24.62 Cr | — | — | — |
| Others | Others | 0.36% | ₹15.71 Cr | -0.28% | -0.88% | +0.18% |
| One97 Communications Ltd. | Services | 0.30% | ₹13.98 Cr | +0.26% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Life Insurance Corporation of India | 0.00% | 1.61% | +1.61% |
| Power Finance Corporation Ltd. | 1.28% | 0.00% | -1.28% |
| HDFC Bank Ltd. | 13.01% | 12.18% | -0.83% |
| HDFC Life Insurance Co Ltd. | 0.00% | 0.58% | +0.58% |
| BSE Ltd. | 0.00% | 0.53% | +0.53% |
| Kotak Mahindra Bank Ltd. | 7.70% | 8.17% | +0.47% |
| Bajaj Finance Ltd. | 4.50% | 4.11% | -0.39% |
| Others | 0.29% | -0.06% | -0.35% |
| SBI Life Insurance Company Ltd. | 3.94% | 3.60% | -0.34% |
| Axis Bank Ltd. | 7.43% | 7.76% | +0.33% |
| One97 Communications Ltd. | 0.00% | 0.30% | +0.30% |
| Indusind Bank Ltd. | 1.31% | 1.08% | -0.23% |
| SBI Funds Management Ltd. | 1.01% | 1.23% | +0.22% |
| Shriram Finance Ltd | 4.29% | 4.50% | +0.21% |
| PB Fintech Ltd. | 1.10% | 1.27% | +0.17% |
| Can Fin Homes Ltd. | 1.61% | 1.46% | -0.15% |
| Medi Assist Healthcare Services Ltd. | 0.15% | 0.00% | -0.15% |
| CreditAccess Grameen Ltd. | 0.87% | 0.74% | -0.13% |
| State Bank of India | 6.21% | 6.33% | +0.12% |
| PNB Housing Finance Ltd. | 1.45% | 1.56% | +0.11% |
| Five-Star Business Finance Ltd. | 2.70% | 2.61% | -0.09% |
| Angel One Ltd. | 1.74% | 1.65% | -0.09% |
| Bandhan Bank Ltd. | 1.28% | 1.19% | -0.09% |
| ICICI Lombard General Insurance Company Ltd. | 1.84% | 1.75% | -0.09% |
| OnEMI Technology Solutions Ltd. | 0.86% | 0.79% | -0.07% |
| AU Small Finance Bank Ltd. | 2.37% | 2.43% | +0.06% |
| Fusion Finance Ltd. | 1.27% | 1.21% | -0.06% |
| Home First Finance Company India Ltd. | 1.77% | 1.71% | -0.06% |
| Mahindra & Mahindra Financial Services Ltd. | 1.33% | 1.27% | -0.06% |
| Equitas Small Finance Bank Ltd. | 1.70% | 1.65% | -0.05% |
| Indian Bank | 0.75% | 0.80% | +0.05% |
| Max Financial Services Ltd. | 1.46% | 1.51% | +0.05% |
| SBFC Finance Ltd. | 0.63% | 0.68% | +0.05% |
| Billionbrains Garage Ventures Ltd. | 1.68% | 1.64% | -0.04% |
| ICICI Prudential Asset Management Company Ltd. | 1.11% | 1.07% | -0.04% |
| Repco Home Finance Ltd. | 0.58% | 0.55% | -0.03% |
| 360 One Wam Ltd. | 1.13% | 1.15% | +0.02% |
| Poonawalla Fincorp Ltd. | 1.35% | 1.33% | -0.02% |
| ICICI Bank Ltd. | 14.37% | 14.38% | +0.01% |
| Karur Vysya Bank Ltd. | 1.92% | 1.93% | +0.01% |
| Tata Capital Ltd. | 1.34% | 1.33% | -0.01% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,982 Cr | 2.23% | -1.4% | 8.8% | 12.4% |
 SBI Banking & Financial Services Fund | ₹10,873 Cr | 2.16% | -8.4% | 6.6% | 11.5% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.18% | -3.4% | 8.0% | 13.3% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -3.6% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 13.7% | 15.4% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -5.5% | 8.6% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of companies engaged in banking and financial services.
Fund managers
- Anand LaddhaMr. Laddha has done B.Com. and CAPrior to joining HDFC Asset Management Company Limited, he has worked with Refco-Sify Securities India Pvt. Ltd. Last Position Held - AVP - FII Equity & Derivative Sales. Alchemy Share & Stock Brokers Pvt. Ltd. Last Position Held - Equity & Derivative Sales.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months5.19% absolute | ₹60,000 | ₹63,114 | 5.19% | |
| 1 year2.83% annualised | ₹1,20,000 | ₹1,21,856 | 1.55% | |
| 3 years10.47% annualised | ₹3,60,000 | ₹4,24,489 | 17.91% | |
| 5 years9.69% annualised | ₹6,00,000 | ₹7,74,261 | 29.04% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of HDFC Banking & Financial Services Fund?
The NAV of HDFC Banking & Financial Services Fund is ₹17.20 as on 24 Sep 2026.
What is the expense ratio of HDFC Banking & Financial Services Fund?
The expense ratio of HDFC Banking & Financial Services Fund is 2.00% per year.
What is the minimum SIP amount for HDFC Banking & Financial Services Fund?
You can start a SIP in HDFC Banking & Financial Services Fund with ₹3,000 a month.
What returns has HDFC Banking & Financial Services Fund given?
HDFC Banking & Financial Services Fund has returned -4.6% over 1 year, 5.8% over 3 years and 10.3% over 5 years (annualised).
Is there a lock-in or exit load on HDFC Banking & Financial Services Fund?
Lock-in: None. Exit load: Exit load of 1%, if redeemed within 30 days..
How risky is HDFC Banking & Financial Services Fund?
HDFC Banking & Financial Services Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Banking category.
Which fund house manages HDFC Banking & Financial Services Fund?
HDFC Banking & Financial Services Fund is managed by HDFC Mutual Fund, which runs 85 schemes with ₹9,61,940 Cr under management.