Top-performing mutual fund category in October 2021
Banking Sectoral Fund performed best, whereas Pharma Sectoral Fund was the worst-performer in the month of October 2021.
Mutual fund offers various categories such as equity oriented, debt oriented, hybrid, index, ETFs, Fund of Funds and Solution-oriented funds. Every scheme caters different types of individuals with different type of risk appetite. In the month of October equity-oriented banking sector category performed well. The return of the same category for one month is 6.35%. Whereas, the worst-performing category in the month of October is equity-oriented pharma sector fund. The return for one month of worst performing category is -3.18%. The banking sectoral fund pre-dominantly invests in the banking companies such as ICICI Bank, HDFC Bank, Axis Bank, State Bank of India, IndusInd Bank, Bank of Baroda etc.
Let’s look at the best-performing funds or ETFs within the category of Banking Sector on the basis of one month return:
|
Fund Name |
1-Month Return (October 2021) |
AUM (in crores) |
|
Kotak PSU Bank ETF |
13.73% |
₹137 |
|
Nippon India ETF PSU Bank BeES |
13.73% |
₹266 |
|
HDFC Banking ETF |
4.51% |
₹174 |
|
ICICI Prudential Bank ETF |
4.51% |
₹2,668 |
|
UTI Bank Exchange Traded Fund |
4.51% |
₹27 |
|
SBI ETF Nifty Bank Fund |
4.50% |
₹5,430 |
As we can see in the above table that majority of top performing funds are Exchanged Traded Funds.
Let’s look at the top holdings of the above mentioned top performing funds:
|
Kotak PSU Bank ETF |
|
|
Company Name |
%Assets |
|
State Bank of India |
30.26 |
|
Bank of Baroda |
17.20 |
|
Canara Bank |
13.94 |
|
Punjab National Bank |
13.47 |
|
Bank of India |
5.96 |
|
Nippon India ETF PSU Bank BeES |
|
|
Company Name |
%Assets |
|
State Bank of India |
30.25 |
|
Bank of Baroda |
17.20 |
|
Canara Bank |
13.94 |
|
Punjab National Bank |
13.47 |
|
Bank of India |
5.93 |
As we can see both top performing ETFs hold same companies in different proportion. These banks performed well in October 2021, and is one of the main reason these funds are top performing within the category.
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