Banking and Financial Services Mutual Funds Gain Up to 9.11% in a Week

Key Takeaways

• LIC MF Banking & Financial Services Fund delivered a weekly return of 9.11% during 2–6 November 2026.
• Banking and financial services schemes occupied the top 25 positions in a weekly analysis of equity mutual fund performance.
• Of the 627 equity schemes assessed, 572 delivered positive returns, while 55 recorded negative returns.

Banking Funds Lead Weekly Equity Mutual Fund Performance

Banking and financial services-focused mutual funds emerged as the strongest-performing equity schemes during the week ended 6 November 2026, with several funds recording gains exceeding 8.5%.

Data compiled by ACE MF and reported on 8 November showed that LIC MF Banking & Financial Services Fund led the weekly performance rankings with a gain of 9.11%.

The sector dominated the upper end of the equity mutual fund performance table, occupying all 25 leading positions in the analysis.

Eight Schemes Record Gains Above 8.5%

The strongest-performing schemes in the banking and financial services category included:

The next 17 schemes in the weekly ranking were also banking and financial services funds, delivering returns between 7.57% and 8.40%.

Most Equity Schemes End the Week Higher

Of the 627 equity mutual fund schemes included in the assessment, including sectoral and thematic funds, 572 generated positive returns.

The remaining 55 schemes reported negative returns during the five-day period.

This means approximately 91.2% of the schemes assessed delivered gains during the week.

The broader equity market also recorded a sharp recovery.

The BSE Sensex advanced 7.04%, while the Nifty 50 gained 6.78% between 2 November and 6 November 2026.

These benchmark gains provide market context for the positive returns recorded across a large proportion of equity mutual funds.

Sector Concentration Shapes Weekly Rankings

Banking and financial services mutual funds invest predominantly in businesses operating across banking, lending, insurance, capital markets and related financial activities.

Their performance can therefore differ considerably from that of diversified equity funds, particularly when financial-sector shares move more sharply than the broader market.

The latest weekly data highlights this concentration effect, with financial-sector schemes accounting for the entire top 25 rather than the gains being evenly distributed across equity categories.

The reported percentages represent historical returns for one week. They do not establish a longer-term performance trend or indicate what the schemes may return in subsequent periods.