Bajaj Finserv Banking and Financial Services Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?
- August 31, 2026
- Posted by: Harsh Piplani
- Category: Mutual Funds
Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan is an equity fund with a NAV of ₹10.065 as of 28 Aug 2026 and a scheme AUM of ₹503 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and it carries a High Risk label. In our view, the fund fits investors who understand that a focused financials allocation can behave differently from a broad market fund, especially when the underlying portfolio leans heavily toward banks and financial services.
The fund is still very young, having launched on 01 Dec 2025, so the return history is limited. That makes the current portfolio mix and recent behaviour more important than any long track record, and both point to a concentrated, sector-led strategy rather than a diversified core equity holding.
Quick facts
| Metric | Value |
|---|---|
| NAV | ₹10.065 as of 28 Aug 2026 |
| AUM | ₹503 Cr |
| Expense Ratio | 0.0% |
| Launch Date | 01 Dec 2025 |
| Min SIP | ₹500 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Equity |
| Exit Load | 1% if units are sold within 3 months; nil after 3 months |
| Fund Managers | Kishore Agarwal, Sayan Das Sharma, Siddharth Chaudhary |
The fund is managed by Kishore Agarwal, Sayan Das Sharma and Siddharth Chaudhary.
Source data date: as of 28 Aug 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -0.45% | -0.85% |
| 3M | 6.88% | 3.39% |
| 1Y | Data not available | Data not available |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The recent pattern is uneven but not fragile. Over one month, the fund fell slightly less than the benchmark, which suggests a bit more resilience in a soft stretch. Over three months, it moved ahead of the benchmark by a wider margin, showing that the recent recovery has been stronger than the index’s move over the same window.
Because the scheme has been in existence only since December 2025, there is no meaningful 1-year, 3-year or 5-year performance history to judge. That means the current chart matters more than long-horizon compounding at this stage. The available path shows some day-to-day variation, but the broader 3-month direction is still positive.
Against the Nifty 50 benchmark, the fund has been ahead on the available 3-month comparison and less negative on the 1-month view. That is encouraging for a young sector fund, but it is not yet enough to establish a durable long-term pattern. Our view is that the current data supports observation rather than conviction.
Source data date: as of 28 Aug 2026
Should you BUY or HOLD Bajaj Finserv Banking and Financial Services?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Bajaj Finserv Banking and Financial Services? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Canara Rob Banking & Financial Services Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Edelweiss Financial Services Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Bank of India Banking & Financial Services Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan | Data not available | Data not available | Data not available |
| Motilal Oswal Financial Services Fund Direct Growth Plan | Data not available | Data not available | Data not available |
Across the peer set, the key limitation is that meaningful 1-year, 3-year and 5-year figures are not available for comparison. That means we cannot read a return-based leader board into the table, and the useful takeaway is narrower: this fund is being positioned in the same banking and financial services space as other specialist schemes, but performance evidence for all of them is still incomplete.
What we can say is that the fund’s short-window behaviour has been better than the benchmark over the available periods, which is a constructive sign for a new launch. This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
Source data date: as of 28 Aug 2026
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Portfolio: where your money goes
Market-cap mix: Large cap 60.81%, Mid cap 12.34%, Small cap 21.36%, Other 5.49%.
| Sector | Weight | Key holdings |
|---|---|---|
| BANK | 58.58% | HDFC BANK LIMITED (15.25%), ICICI BANK LIMITED (12.27%) |
| FINANCE | 26.93% | SHRIRAM FINANCE LIMITED (3.5%), MANAPPURAM FINANCE LIMITED (3.27%) |
| INSURANCE | 5.62% | GO DIGIT GENERAL INSURANCE LIMITED (2.35%), NIVA BUPA HEALTH INSURANCE COMPANY LIMITED (2.03%) |
| CASH & CASH EQUIVALENTS AND NET ASSETS | 3.45% | NET RECEIVABLES / (PAYABLES) (1.8%), CLEARING CORPORATION OF INDIA LTD (1.64%) |
| RATINGS | 2.03% | ICRA LIMITED (1.58%) |
The portfolio is clearly bank-led, with banking alone accounting for 58.58% and finance adding another 26.93%. That means the fund’s behaviour may be shaped first and foremost by the banking cycle, while financial-services names could add a second layer of sector-specific sensitivity.
The market-cap mix is not purely large-cap. Large caps are the biggest block at 60.81%, but the 21.36% small-cap allocation is meaningful and may increase sensitivity to sentiment shifts. Mid caps at 12.34% and other assets at 5.49% provide some balance, but they do not change the fact that the strategy remains concentrated in financials.
Because banking is materially larger than the next sector, it is likely to have the greatest influence on short-term portfolio behaviour. The finance sleeve is also sizable enough to matter, yet the gap between banking and the rest is wide. In our view, that concentration can help the fund express a clear theme, but it can also make outcomes more dependent on one sector’s market conditions.
Source data date: as of 28 Aug 2026
Who should invest
This fund suits investors who are comfortable with High Risk exposure and can tolerate a focused financials strategy. The short return history does not yet establish a long track record, but the available one-month and three-month readings show that recent behaviour has been better than the benchmark on the periods that are visible.
It is better suited to investors with a longer horizon and the patience to hold through sector-led volatility. The main trade-off is concentration: the fund gives strong banking exposure and meaningful financial-services weight, but that also means returns may depend heavily on the fortunes of one part of the market. The small-cap slice can add further movement.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load: 1% if units are sold within 3 months; nil after 3 months.
Source data date: as of 28 Aug 2026
Frequently asked questions
What is the current NAV of Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan?
The current NAV is ₹10.065 as of 28 Aug 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year, 3-year and 5-year returns are Data not available, Data not available and Data not available. The scheme launched on 01 Dec 2025, so the longer return history is not yet available.
How has it done against the benchmark recently?
It has done better than the Nifty 50 on the available short windows. The 1-month return was -0.45% versus -0.85% for the benchmark, and the 3-month return was 6.88% versus 3.39%.
How does it compare with the peer funds listed here?
Meaningful 1-year, 3-year and 5-year peer return figures are not available for the listed schemes, so a return-based comparison is limited. The useful common point is that all of them sit in the banking and financial-services space.
What is the minimum SIP amount?
The minimum SIP amount is ₹500.
Who manages the fund and what is its exit load?
The fund is managed by Kishore Agarwal, Sayan Das Sharma and Siddharth Chaudhary. The exit load is 1% if units are sold within 3 months, and nil after 3 months.
Bottom line
This is a young, sector-focused equity fund with a clear banking and financial-services tilt. The available short-window performance has been ahead of the Nifty 50 benchmark, but there is no meaningful long-term return history yet. Its High Risk label, 60.81% large-cap mix and 21.36% small-cap exposure suggest a strategy that is not purely defensive and may move sharply with sector conditions. It suits investors who want a concentrated financials allocation and can stay invested through uneven periods.
Published on 31 August 2026 at 4:24 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.
