Baroda Pioneer Banking and Financial Services Fund

Baroda Pioneer Banking and Financial Services Fund is managed by Dipak Acharya. The scheme aims to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in banking & financial services sector. Existing investors can exit the fund and New investors can skip this fund for a better performing fund in this category.

Where does Baroda Pioneer Banking and Financial Services Fund invest your money?

Baroda Pioneer Banking and Financial Services Fund is a Banking sector fund which means your money will be invested in large, medium and small sized companies in the Banking and Financial Services industry. Large cap companies tend to be stable compared to mid-cap and small cap companies. This fund has 82.53% exposure to large companies, and about 17.47% exposure to medium sized companies.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for what?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
How has Baroda Pioneer Banking and Financial Services Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched in June 2012, your value of investments would be around Rs 1.01 lakhs. The performance has been similar to other infrastructure funds. 

Assume you had invested Rs 10,000 every month in Baroda Pioneer Banking and Financial Services Fund through SIP since inception today you would have around Rs 1.2 lakhs.

Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
When to exit?

Withdraw when your goals are close to achievement. Do not remove the money when the markets go up or down. Do not panic. Stick to your goals.

How frequently you need to monitor the performance?

Once you invest in the fund do not get into the habit of checking the NAV daily or monthly. Review the performance once a quarter. Look out for news and developments that can affect the sector as a whole.

What are the charges applicable?

A onetime fee of Rs 100 is charged on investments over Rs 10, 000 made through distributors. If you are a first time investor in mutual funds an additional Rs 50 is charged to cover KYC expenses. This is deducted from your investment and can be skipped if you buy directly from the mutual fund via their website or offices.

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of Baroda Pioneer Banking and Financial Services Fund is 3.26%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in a mutual fund are absolutely tax free, provided you do not withdraw within 1 year.

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