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

WOC Banking & Financial Services Fund Direct Growth Plan has a NAV of ₹13.408 as of 18 Sep 2026 and a scheme AUM of ₹665 Cr. Its 1-year, 3-year and 5-year returns are 3.13%, 0% and 0%, and the scheme is placed in the High Risk category.

Our view is that this is a focused financials fund with a concentrated large-bank tilt, so it may suit investors who are comfortable with sharper swings and want sector-specific exposure rather than broad market balance. The recent return profile is modest, while the longer stated record is too short to establish a full cycle, so the fund is better read as a high-volatility thematic allocation than a core equity holding.

Quick facts

Particular	Details
NAV	₹13.408 as of 18 Sep 2026
AUM	₹665 Cr
Expense Ratio	0.65%
Launch Date	06 Feb 2024
Min SIP	₹100
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 1M, Nil after 1M
Fund Managers	Trupti Agrawal, Ramesh Mantri, Piyush Baranwal, Dheeresh Pathak

The fund is managed by Trupti Agrawal, Ramesh Mantri, Piyush Baranwal and Dheeresh Pathak.

Source data date: as of 18 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-2.53%	-3.73%
3M	-0.22%	-3.14%
1Y	3.13%	-5.31%
3Y	Data not available	Data not available
5Y	Data not available	Data not available

The near-term pattern is mixed but not weak in relative terms. Over 1 month and 3 months, the fund stayed negative, yet it lost less than the benchmark in both periods. That matters because it suggests the portfolio did not simply mirror the benchmark’s downside; it held up better during the recent pullback.

The 1-year figure is the clearest positive signal in the record available here. The fund has a positive 1-year return while the benchmark is negative over the same horizon, so it has outpaced the reference index on that measure. That said, the scale of the gain is still modest, which keeps the return story more about relative resilience than strong absolute growth.

The short history also limits what we can infer from the longer run. The fund launched in February 2024, so there is no complete 3-year or 5-year track available. In practical terms, the fund has shown the ability to recover from short-term weakness, but there is not yet enough evidence to judge how it behaves through a fuller market cycle.

Taken together, the pattern points to a focused financials strategy that can move differently from the benchmark in the near term. For an investor, that means the fund may serve as a satellite position where category exposure and relative downside control matter more than stable compounding.

Source data date: as of 18 Sep 2026

Should you BUY or HOLD WOC Banking & 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
WOC Banking & Financial Services Fund Direct Growth Plan	3.13%	Data not available	Data not available
ICICI Pru Strategic Metal and Energy Equity FoF Direct Growth Plan	65.43%	35.11%	Data not available
HDFC Pharma and Healthcare Fund Direct Growth Plan	27.29%	Data not available	Data not available
Kotak Healthcare Fund Direct Growth Plan	27.27%	Data not available	Data not available
Motilal Oswal Active Momentum Fund Direct Growth Plan	25.80%	Data not available	Data not available
PGIM India Healthcare Fund Direct Growth Plan	24.40%	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 1-year numbers, this fund trails all five peer funds in the table, although the gap is especially wide versus the stronger thematic peers. The more important distinction is that its 3-year and 5-year rows are not yet available, so it cannot yet be compared on a longer compounding basis with those funds that already show a multi-year record. That leaves the short-term comparison more revealing than the long-term one, and it shows a fund that has held up better than its benchmark but has not matched the stronger peer returns seen in other thematic strategies.

Source data date: as of 18 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Limited	Bank	12.94%
HDFC Bank Limited	Bank	7.96%
Kotak Mahindra Bank Limited	Bank	6.46%
Axis Bank Limited	Bank	5.05%
State Bank of India	Bank	3.82%
Clearing Corporation of India Ltd	Cash & Cash Equivalents and Net Assets	3.62%
Bajaj Finance Limited	Finance	3.28%
Bajaj Finserv Limited	Finance	3.17%
Five Star Business Finance Limited	Finance	2.69%
PNB Housing Finance Limited	Finance	2.59%

The largest holding, ICICI Bank Limited, accounts for 12.94% of the portfolio, which is large enough to matter at the scheme level. The weight then steps down to 7.96% for HDFC Bank Limited and to 6.46% for Kotak Mahindra Bank Limited, so the top positions are clearly meaningful but not single-stock dominant.

By the tenth holding, the weight has eased to 2.59%, which shows a visible drop-off from the first position. The top ten disclosed holdings together account for approximately 51.58% of the portfolio, so just over half the scheme is represented by these positions while the rest is spread across 39 other disclosed holdings. That structure may create a balance between conviction in the major financial names and diversification across a broader tail.

Because the fund’s largest weights are concentrated in banks and finance names, the portfolio may be more sensitive to moves in the financials cycle than a broad market fund. At the same time, the mix is not confined to one security or one sub-theme, which could soften the impact of any single holding. The disclosed list therefore reads as a focused but still layered financial-services portfolio rather than an extremely narrow bet.

To see all holdings, visit the WOC Banking & Financial Services Fund Direct Growth Plan page

Source data date: as of 18 Sep 2026

Who should invest

This fund may suit investors who can tolerate High Risk exposure and who are comfortable with a sector-specific allocation to banking and financial services. The 1-year return is positive while the benchmark is negative, but the 1-month and 3-month periods are still weak, so the path has not been smooth.

The main trade-off is between focused sector participation and higher short-term volatility. The portfolio is led by large banks and finance names, which gives the fund a clear style, but it also means returns may depend heavily on the financials cycle. Investors looking for a long holding period and a satellite allocation may find the structure more relevant than those who want a steadier core equity fund.

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 the first month; nil after that holding period.

Source data date: as of 18 Sep 2026

Frequently asked questions

What is the current NAV of WOC Banking & Financial Services Fund Direct Growth Plan?
The current NAV is ₹13.408 as of 18 Sep 2026.

What are the fund’s 1-year, 3-year and 5-year returns?
The fund’s 1-year return is 3.13%, while the 3-year and 5-year returns are Data not available because the scheme does not yet have those full periods.

How has it performed versus the benchmark?
Over 1 year, the fund has returned 3.13% versus -5.31% for the benchmark. Over 1 month and 3 months, it has also stayed ahead of the benchmark on a relative basis, even though both have been negative.

How does it compare with the peer funds listed here?
On the available 1-year figures, the fund trails the five peer funds shown in the comparison table. The longer-term comparison is limited because its 3-year and 5-year figures are not yet available.

What is the minimum SIP amount?
The minimum SIP amount is ₹100.

Who manages the fund and what is the exit load?
The fund is managed by Trupti Agrawal, Ramesh Mantri, Piyush Baranwal and Dheeresh Pathak. The exit load is 1% if units are sold within the first month, and nil after that.

Bottom line

WOC Banking & Financial Services Fund Direct Growth Plan has a short but distinct track record: recent numbers are uneven, yet the 1-year return is better than the benchmark. Against the peer set shown here, it lags on the available 1-year data, while the longer-term comparison is still incomplete. The fund carries High Risk and is built around banks and finance names, so it is better suited to investors who want focused sector exposure and can live with volatility rather than those seeking a broad, smoother equity profile.

Published on 21 September 2026 at 11:19 AM 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.