ICICI Prudential Banking & Financial Services Fund vs Kotak Banking and Financial Services Fund
ICICI Prudential Banking & Financial Services Fund and Kotak Banking and Financial Services Fund are both Banking & Financial Services Funds. As of 6 Nov 2026 (Direct plan, Growth option): 3-year CAGR +11.65% vs +14.65%, 5-year CAGR +9.61% vs —, volatility 15.23% vs 17.15%, maximum drawdown −47.76% vs −16.70%. Their portfolios overlap by 49% (12 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
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Fund house | ICICI Prudential Mutual Fund | Kotak Mahindra Mutual Fund |
| Compared as | Banking & Financial Services Funds | Banking & Financial Services Funds |
| NAV | ₹153.6300 | ₹17.4110 |
| NAV date | 6 Nov 2026 | 6 Nov 2026 |
| Launched (first NAV) | 2 Jan 2013 | 6 Mar 2023 |
| Track record | 13.8 yrs | 3.7 yrs |
| Fund size (AUM) | ₹10,774 Cr | ₹1,448 Cr |
| Securities held | 57 | 35 |
| Portfolio as of | 30 Sep 2026 | 30 Sep 2026 |
| Fund page | Full record → | Full record → |
Returns
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| 1 month | +6.83% | +6.98% |
| 3 months | +3.29% | +0.40% |
| 6 months | +4.54% | +4.30% |
| 1 year | −0.30% | +5.73% |
| 3 years (CAGR) | +11.65% | +14.65% |
| 5 years (CAGR) | +9.61% | — |
| 7 years (CAGR) | +11.43% | — |
| 10 years (CAGR) | +12.60% | — |
| Since launch (CAGR) | +14.57% | +16.13% |
| SIP return (XIRR, 5 years) ⓘ | +10.76% | — |
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
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| 2026 (year to date) | −1.96% | +3.04% |
| 2025 | +16.78% | +15.92% |
| 2024 | +12.52% | +14.11% |
| 2023 | +18.86% | — |
| 2022 | +12.95% | — |
| 2021 | +24.45% | — |
Risk
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Volatility (annualised) ⓘ | 15.23% | 17.15% |
| Downside volatility ⓘ | 10.48% | 11.32% |
| Sharpe ratio ⓘ | 0.34 | 0.48 |
| Sortino ratio ⓘ | 0.49 | 0.72 |
| Maximum drawdown ⓘ | −47.76% | −16.70% |
| Recovery from that fall | 10 months | — |
| Current fall from peak | −3.47% | −1.13% |
| Rolling 1-year return: worst | −44.09% | −6.51% |
| Rolling 1-year return: median | +15.47% | +13.84% |
| Rolling 1-year return: best | +107.57% | +32.63% |
| Share of 1-year periods with a loss | 21.74% | 3.03% |
Against each fund's benchmark
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Beta ⓘ | 0.84 | 0.96 |
| Alpha (Jensen's, annualised) ⓘ | −0.31% | +1.87% |
| R² ⓘ | 79.66 | 82.70 |
| Upside capture | 84.98% | 102.90% |
| Downside capture | 80.90% | 93.65% |
| Tracking error | 7.10% | 6.93% |
| Information ratio | -0.14 | 0.25 |
| Treynor ratio | 3.23 | 5.60 |
Portfolio
Asset mix
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Equity | 97.11% | 98.81% |
| Debt | 1.49% | 0.00% |
| Cash & equivalents | 1.44% | 1.19% |
Market-cap split (share of fund assets)
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Large Cap | 65.24% | 65.25% |
| Mid Cap | 12.47% | 14.88% |
| Small Cap | 18.38% | 16.09% |
| Unclassified | 0.98% | 2.59% |
Concentration
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Top 10 holdings | 65.02% | 61.73% |
| Effective number of stocks ⓘ | 15.5 | 17.5 |
| Securities held | 57 | 35 |
Portfolio overlap: 49%
12 companies are held by both funds; by weight, 49% of the two portfolios is the same. That is a moderate overlap.
| Held by both | ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services |
|---|---|---|
| ICICI Bank Limited | 13.46% | 12.67% |
| HDFC Bank Limited | 13.84% | 11.28% |
| Axis Bank Limited | 8.88% | 7.36% |
| State Bank of India | 5.23% | 8.31% |
| Kotak Mahindra Bank Limited | 9.36% | 3.69% |
| SBI Life Insurance Company Limited | 3.16% | 1.86% |
| BSE Limited | 1.62% | 2.11% |
| Bajaj Finance Limited | 1.46% | 6.04% |
| Piramal Finance Limited | 1.13% | 1.97% |
| SBI Funds Management Limited | 0.98% | 1.86% |
| Cholamandalam Investment and Finance Company Ltd | 0.89% | 2.52% |
| Max Financial Services Limited | 1.57% | 0.84% |
Top 10 holdings
ICICI Prudential Banking & Financial Services
- HDFC Bank Limited13.84%
- ICICI Bank Limited13.46%
- Kotak Mahindra Bank Limited9.36%
- Axis Bank Limited8.88%
- State Bank of India5.23%
- SBI Life Insurance Company Limited3.15%
- SBI Cards and Payment Services Limited3.09%
- ICICI Lombard General Insurance Company Limited2.77%
- Bajaj Finserv Limited2.63%
- HDFC Life Insurance Company Limited2.63%
Kotak Banking and Financial Services
- ICICI Bank Limited12.67%
- HDFC Bank Limited11.28%
- State Bank of India8.31%
- Axis Bank Limited7.36%
- Bajaj Finance Limited6.04%
- Shriram Finance Limited4.83%
- Kotak Mahindra Bank Limited3.69%
- Cholamandalam Investment and Finance Company Ltd2.52%
- Poonawalla Fincorp Limited2.52%
- IndusInd Bank Limited2.51%
Sector exposure
| ICICI Prudential Banking & Financial Services | Kotak Banking and Financial Services | |
|---|---|---|
| Banks | 52.07% | 60.03% |
| Finance | 21.92% | 21.38% |
| Insurance | 15.14% | 2.70% |
| Capital Markets | 7.75% | 11.72% |
| Financial Technology (Fintech) | 0.00% | 2.98% |
| Sovereign | 0.96% | 0.00% |
| SOV | 0.35% | 0.00% |
| Commercial Services & Supplies | 0.19% | 0.00% |
| SOVEREIGN | 0.18% | 0.00% |
Questions people ask
What is the difference between ICICI Prudential Banking & Financial Services and Kotak Banking and Financial Services returns?
As of 6 Nov 2026, Direct plan Growth option: 1-year return −0.30% vs +5.73%; 3-year CAGR +11.65% vs +14.65%; 5-year CAGR +9.61% vs —; 10-year CAGR +12.60% vs —. Past returns do not indicate future returns.
How do ICICI Prudential Banking & Financial Services and Kotak Banking and Financial Services compare on risk?
Volatility (36 monthly returns, annualised) 15.23% vs 17.15%; Sharpe ratio 0.34 vs 0.48; Sortino ratio 0.49 vs 0.72; maximum drawdown −47.76% vs −16.70%; beta 0.84 vs 0.96.
How much do ICICI Prudential Banking & Financial Services and Kotak Banking and Financial Services overlap?
By weight, 49% of the two portfolios is invested in the same companies; 12 stocks are held by both, the largest shared positions being ICICI Bank Limited, HDFC Bank Limited, Axis Bank Limited. Based on the portfolios disclosed for Sep 2026 and Sep 2026.
What is the large, mid and small cap split of ICICI Prudential Banking & Financial Services and Kotak Banking and Financial Services?
ICICI Prudential Banking & Financial Services: large cap 65.2%, mid cap 12.5%, small cap 18.4%. Kotak Banking and Financial Services: large cap 65.3%, mid cap 14.9%, small cap 16.1% (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 6 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.