Bank of India Banking & Financial Services Fund vs Bank of India Business Cycle Fund
Bank of India Banking & Financial Services Fund and Bank of India Business Cycle Fund are both Banking & Financial Services Funds. As of 5 Nov 2026 (Direct plan, Growth option): 3-year CAGR — vs —, 5-year CAGR — vs —, volatility — vs 19.52%, maximum drawdown −14.30% vs −25.21%. Their portfolios overlap by 17% (6 stocks held by both).
Showing the Direct plan, Growth option. Portfolio, sector and market-cap figures are the same for every plan and option of a fund.
Key facts
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| Fund house | Bank of India Mutual Fund | Bank of India Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹9.5900 | ₹9.8200 |
| NAV date | 5 Nov 2026 | 5 Nov 2026 |
| Launched (first NAV) | 2 Feb 2026 | 2 Sep 2024 |
| Track record | 0.8 yrs | 2.2 yrs |
| Fund size (AUM) | ₹249 Cr | ₹437 Cr |
| Securities held | 35 | 51 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| 1 month | +3.34% | +0.10% |
| 3 months | −3.62% | −0.71% |
| 6 months | −3.62% | +2.83% |
| 1 year | — | +2.61% |
| 3 years (CAGR) | — | — |
| 5 years (CAGR) | — | — |
| 7 years (CAGR) | — | — |
| 10 years (CAGR) | — | — |
| Since launch (CAGR) | — | −0.92% |
| SIP return (XIRR, 5 years) ⓘ | — | — |
Up to one year: absolute return. Beyond one year: CAGR. Computed from each fund's own NAV history (AMFI), measured to the latest NAV.
Calendar-year returns
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| 2026 (year to date) | — | +7.56% |
| 2025 | — | −7.40% |
Risk
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| Volatility (annualised) ⓘ | — | 19.52% |
| Downside volatility ⓘ | — | 14.49% |
| Sharpe ratio ⓘ | — | -0.38 |
| Sortino ratio ⓘ | — | -0.51 |
| Maximum drawdown ⓘ | −14.30% | −25.21% |
| Recovery from that fall | — | — |
| Current fall from peak | −6.71% | −6.21% |
| Rolling 1-year return: worst | — | −13.31% |
| Rolling 1-year return: median | — | +1.69% |
| Rolling 1-year return: best | — | +12.64% |
| Share of 1-year periods with a loss | — | 43.30% |
Against each fund's benchmark
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| Beta ⓘ | — | 1.05 |
| Alpha (Jensen's, annualised) ⓘ | — | +1.49% |
| R² ⓘ | — | 76.63 |
| Upside capture | — | 124.48% |
| Downside capture | — | 116.77% |
| Tracking error | — | 9.52% |
| Information ratio | — | 0.05 |
| Treynor ratio | — | -9.54 |
Portfolio
Asset mix
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| Equity | 95.12% | 94.71% |
| Cash & equivalents | 4.88% | 5.23% |
| Debt | 0.00% | 0.06% |
Market-cap split (share of fund assets)
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| Large Cap | 61.61% | 43.94% |
| Mid Cap | 12.48% | 15.89% |
| Small Cap | 19.95% | 28.33% |
| Unclassified | 1.08% | 6.55% |
Concentration
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| Top 10 holdings | 56.12% | 36.43% |
| Effective number of stocks ⓘ | 20.4 | 41.9 |
| Securities held | 35 | 51 |
Portfolio overlap: 17%
6 companies are held by both funds; by weight, 17% of the two portfolios is the same. That is a low overlap: the two portfolios are largely different.
| Held by both | Bank of India Banking & Financial Services | Bank of India Business Cycle |
|---|---|---|
| ICICI Bank Limited | 10.41% | 5.41% |
| State Bank of India | 8.77% | 5.07% |
| Computer Age Management Services Limited | 2.69% | 2.30% |
| HDFC Bank Limited | 11.54% | 2.27% |
| Nippon Life India Asset Management Limited | 1.07% | 1.66% |
| National Stock Exchange Of India Ltd | 1.08% | 0.90% |
Top 10 holdings
Bank of India Banking & Financial Services
- HDFC Bank Limited11.54%
- ICICI Bank Limited10.41%
- State Bank of India8.77%
- Shriram Finance Limited4.83%
- One 97 Communications Limited4.04%
- ICICI Prudential Asset Management Company Limited3.60%
- Bank of Baroda3.56%
- Indian Bank3.15%
- City Union Bank Limited3.14%
- Kotak Mahindra Bank Limited3.08%
Bank of India Business Cycle
- ICICI Bank Limited5.41%
- State Bank of India5.07%
- NTPC Limited4.16%
- Bharti Airtel Limited3.78%
- Apollo Hospitals Enterprise Limited3.36%
- Quality Power Electrical Eqp Ltd3.19%
- LG Electronics India Ltd3.03%
- Glenmark Pharmaceuticals Limited2.94%
- Power Grid Corporation of India Limited2.82%
- Sky Gold And Diamonds Limited2.67%
Sector exposure
| Bank of India Banking & Financial Services | Bank of India Business Cycle | |
|---|---|---|
| Banks | 52.08% | 12.75% |
| Capital Markets | 20.80% | 4.86% |
| Finance | 15.95% | 0.00% |
| Consumer Durables | 0.00% | 11.81% |
| Power | 0.00% | 8.84% |
| Electrical Equipment | 0.00% | 7.96% |
| Pharmaceuticals & Biotechnology | 0.00% | 5.63% |
| Financial Technology (Fintech) | 4.92% | 1.24% |
| Food Products | 0.00% | 4.00% |
| Textiles & Apparels | 0.00% | 3.82% |
| Telecom - Services | 0.00% | 3.78% |
| Industrial Products | 0.00% | 3.37% |
| Healthcare Services | 0.00% | 3.36% |
| Automobiles | 0.00% | 3.15% |
Questions people ask
What is the difference between Bank of India Banking & Financial Services and Bank of India Business Cycle returns?
As of 5 Nov 2026, Direct plan Growth option: 1-year return — vs +2.61%; 3-year CAGR — vs —; 5-year CAGR — vs —; 10-year CAGR — vs —. Past returns do not indicate future returns.
How do Bank of India Banking & Financial Services and Bank of India Business Cycle compare on risk?
Volatility (36 monthly returns, annualised) — vs 19.52%; Sharpe ratio — vs -0.38; Sortino ratio — vs -0.51; maximum drawdown −14.30% vs −25.21%; beta — vs 1.05.
How much do Bank of India Banking & Financial Services and Bank of India Business Cycle overlap?
By weight, 17% of the two portfolios is invested in the same companies; 6 stocks are held by both, the largest shared positions being ICICI Bank Limited, State Bank of India, Computer Age Management Services Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of Bank of India Banking & Financial Services and Bank of India Business Cycle?
Bank of India Banking & Financial Services: large cap 61.6%, mid cap 12.5%, small cap 20.0%. Bank of India Business Cycle: large cap 43.9%, mid cap 15.9%, small cap 28.3% (share of the fund's assets, from its latest disclosed portfolio).
Is this a recommendation to choose one of these funds?
No. This page places the published figures of both funds side by side. It does not rank, rate or recommend either fund; which one suits an investor depends on their goals, horizon and risk tolerance.
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Sources: NAV from AMFI; returns, risk and ratios computed by MF Analyser from each fund's NAV history (risk on 36 monthly returns, risk-free rate 6.5%); benchmark ratios against each fund's benchmark total-return index; portfolios from each fund house's monthly disclosure. Returns and ratios as of 5 Nov 2026. IDCW options show no return or risk figures because payouts reduce the NAV and AMFI's file carries no payout history to add back. This page compares published figures only — it does not rank, rate or recommend either fund. Past performance does not indicate future returns; mutual fund investments are subject to market risks.