Bajaj Finserv Banking and Financial Services Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan has a NAV of ₹9.748 as of 16 September 2026 and an AUM of ₹499 Cr. Its 1-year, 3-year and 5-year returns are all 0%, and the scheme carries a High Risk label.

Our view is that this is a sector-focused equity fund for investors who can accept sharp swings and a short operating history. The portfolio is concentrated in banks and financial-services names, so the fund’s behaviour will likely stay tied to that part of the market rather than to broad-market patterns.

Quick facts

Particular	Details
NAV	₹9.748 as of 16 Sep 2026
AUM	₹499 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% on or before 3M, Nil after 3M
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 16 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.94%	-4.41%
3M	-2.23%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

Recent numbers show a softer decline for the fund than for the benchmark over both 1 month and 3 months. That tells us the fund has held up a little better than the Nifty 50 in the short run, even though both are in negative territory. The gap is not large, but it does suggest the portfolio has not been dragged down as much as the broader market over these windows.

The pattern in the shorter history is mixed rather than smooth. The 3-month path shows several small advances interspersed with pullbacks, which is what we would expect from a concentrated banking-and-financial-services strategy in a volatile period. The 1-month move is weaker than the opening part of the 3-month stretch, so near-term momentum has not been steady.

Longer-term return figures are not yet available because the scheme was launched only on 01 Dec 2025. That means there is no genuine 1-year, 3-year or 5-year track record to compare with the benchmark, and our reading has to stay anchored to the short history that is visible so far. For now, the most useful takeaway is that the fund has shown some relative resilience in the recent window, but not enough history to judge how it compounds through a full market cycle.

Source data date: as of 16 Sep 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.

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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
Motilal Oswal Financial Services Fund Direct Growth Plan	Data not available	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.

On the available return fields, the current fund cannot be judged on 1-year, 3-year or 5-year numbers yet, and the peer set has the same limitation in the figures shown here. That means the most useful comparison today is the short-run pattern, where the fund has been slightly less weak than the benchmark in recent months. Because the longer-horizon cells are unavailable across the peer group, the story is less about relative placement and more about the fact that this is still an early-stage fund family within a sector-focused segment.

Source data date: as of 16 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	13.03%
HDFC Bank Limited	Bank	12.82%
State Bank of India	Bank	8.01%
Bajaj Finance Limited	Finance	5.22%
Kotak Mahindra Bank Limited	Bank	4.76%
Axis Bank Limited	Bank	4.69%
Shriram Finance Limited	Finance	3.6%
The Federal Bank Limited	Bank	3.11%
SBI Funds Management Limited	Domestic Equities	3.06%
Prudent Corporate Advisory Services Limited	Finance	2.78%

The top 10 holdings account for approximately 61.08% of the portfolio.

To see all holdings, visit the Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan page

The largest holding, ICICI Bank Limited, is 13.03% of the portfolio, so it is likely to have greater influence on short-term moves than any smaller position. HDFC Bank Limited is close behind at 12.82%, while the tenth holding is 2.78%, which shows a clear drop from the top of the list to the tail of the disclosed holdings.

That gap tells us the portfolio is not evenly spread across the top positions. The first few names together carry a meaningful share of the fund, and the top 10 disclosed holdings already add up to 61.08% across 36 total holdings, so the portfolio may remain sensitive to developments in a relatively compact set of companies even though the underlying list is broader.

Because the holdings are concentrated in banks and finance-related businesses, the fund may move differently from a diversified equity scheme. That concentration can help if the sector stays strong, but it could also increase volatility if credit, rate or sentiment conditions turn less favourable.

Source data date: as of 16 Sep 2026

Who should invest

This fund suits investors who can tolerate High Risk and who want sector-specific exposure rather than broad-market diversification. The short return history is still developing, so the cleanest evidence today is the recent pattern: slightly better than the benchmark in the short run, but without enough history to judge stability over a full cycle.

Our view is that the fund fits a longer horizon because a banking-and-financial-services allocation can swing around with market and credit conditions. Investors need to accept that the payoff may be uneven in the near term, and that the main trade-off is higher concentration in exchange for targeted exposure to one part of the equity market.

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 16 Sep 2026

Frequently asked questions

What is the current NAV of Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan?

The current NAV is ₹9.748 as of 16 September 2026. It moved up by 0.54% on the day.

What are the fund’s 1-year, 3-year and 5-year returns?

The 1-year, 3-year and 5-year returns are not available yet because the scheme launched on 01 Dec 2025. The only visible performance windows are 1 month and 3 months.

How has the fund done against the benchmark?

It has done slightly better than the Nifty 50 in the recent windows shown, with -2.94% versus -4.41% over 1 month and -2.23% versus -3.6% over 3 months. Both are negative, so the picture is one of relative resilience rather than strong absolute gains.

How does it compare with peer funds on the available return data?

The available peer return fields are also unavailable for 1-year, 3-year and 5-year comparison. On the short-run evidence available here, the fund’s recent weakness is broadly in line with a sector-focused peer set that is still early in its return history.

What is the minimum SIP amount?

The minimum SIP amount is ₹500.

What kind of investor fit does this fund have?

It fits investors comfortable with High Risk, a longer horizon and concentrated banking-and-financial-services exposure. The portfolio is led by large bank and finance names, so the fund can move sharply if that sector weakens.

Bottom line

Bajaj Finserv Banking and Financial Services Fund Direct Growth Plan is still too young for a full long-term scorecard, but the short history already shows a fund that has been a little less weak than the benchmark in recent months. The portfolio is concentrated in banks and financial-services names, which supports a clear sector thesis but also keeps volatility high. Relative to peers, the available longer-horizon return fields do not yet create a meaningful separation, so the main decision point is the investor’s comfort with concentrated, high-risk sector exposure.

Published on 17 September 2026 at 12:43 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.