Taurus Banking and Financial Services Fund
Direct · GrowthAI Summary
Taurus Banking and Financial Services Fund has delivered SIP XIRR of 13.37% over 3Y, 14.08% over 5Y, and 13.89% over 10Y, but trails the category average SIP XIRR across every horizon — for example 14.08% vs 17.45% over 5Y and 13.89% vs 16.44% over 10Y. Against the NIFTY 50, the fund shows positive alpha of 3.40% over 1Y, 2.35% over 3Y, and 1.83% over 5Y, though alpha turns negative at -0.46% over 7Y. Long-term lump-sum CAGR remains modestly ahead of the benchmark, with 11.48% vs 10.01% over 10Y.
The fund carries a beta above 1 across all periods (1.06 over 1Y rising to 1.14 over 15Y), indicating higher volatility than the NIFTY 50, and downside capture exceeds 100% in longer windows (106.94% over 7Y and 10Y), meaning it tends to fall slightly more than the benchmark in downturns. It has experienced 11 drawdown events greater than 10%, with the maximum drawdown taking 280 days to recover from an 87-day decline. Calmar ratios of roughly 0.31 to 0.37 across horizons suggest modest risk-adjusted efficiency relative to the depth of its drawdowns.
The portfolio is heavily concentrated in banks, which account for 58.7% of NAV, with ICICI Bank (17.94%), HDFC Bank (12.91%), and SBI (8.62%) as the largest positions. Finance adds another 20.2%, meaning nearly 79% of the fund sits in just two sectors, while the 26-stock portfolio keeps single-stock risk meaningful with the top five holdings at roughly 55.6% combined. Exposure to capital markets (11.4%) and insurance (5.3%) provides some breadth within the financial services theme.
The fund consistently underperforms the category average SIP XIRR at every measured horizon, lagging by roughly 2 to 3.4 percentage points (for instance 13.37% vs 16.22% over 3Y). Calendar year returns show high dispersion, ranging from 60.36% in 2014 to -15.57% in 2013, reflecting the cyclical nature of the banking sector. Its positive alpha versus the NIFTY 50 in recent periods is a relative bright spot, but peers in the sectoral/thematic category have delivered stronger SIP outcomes.
This fund is suitable only for investors with high risk tolerance who want a tactical, sector-specific bet on Indian banking and financial services, and it should not form a core holding. A horizon of at least 5 to 7 years is advisable given the sector's cyclicality, the fund's 11 significant drawdown events, and its high beta. Investors should cap allocation to a small satellite portion of their portfolio and be comfortable with extended recovery periods after drawdowns.
- Positive alpha versus the NIFTY 50 over 1Y (3.40%), 3Y (2.35%), and 5Y (1.83%), showing recent benchmark outperformance
- Consistent long-term SIP XIRR in the 13-14% range across 3Y, 5Y, 7Y, 10Y, and 12Y horizons
- Exposure to high-quality large-cap private banks, with ICICI Bank and HDFC Bank together forming nearly 31% of NAV
- SIP XIRR trails the category average at every horizon, including 14.08% vs 17.45% over 5Y and 13.89% vs 16.44% over 10Y
- High expense ratio of 2.49% and heavy concentration, with Banks at 58.7% and Finance at 20.2% of NAV, amplifying sector-cycle risk
- Downside capture above 100% over 7Y, 10Y, and 12Y periods, meaning the fund has historically fallen more than the benchmark in weak markets
Generated on 27-10-2026, 2:12 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.84 L | 16.8% | -61.1% | 121.3% |
| 3 Years | ₹36.00 L | ₹44.73 L | 13.4% | -18.9% | 28.6% |
| 5 Years | ₹60.00 L | ₹85.88 L | 13.7% | -4.8% | 20.6% |
| 7 Years | ₹84.00 L | ₹1.38 Cr | 13.4% | 0.8% | 17.9% |
| 10 Years | ₹1.20 Cr | ₹2.49 Cr | 13.9% | 10.2% | 15.9% |
| 12 Years | ₹1.44 Cr | ₹3.39 Cr | 13.3% | 10.7% | 15.0% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 16.8% | 14.3% | 10.6% | +2.5% |
| 3 Years | 13.4% | 11.0% | 16.2% | +2.4% |
| 5 Years | 13.7% | 10.4% | 17.4% | +3.4% |
| 7 Years | 13.4% | 10.6% | 16.6% | +2.8% |
| 10 Years | 13.9% | 11.4% | 16.4% | +2.5% |
| 12 Years | 13.3% | 11.3% | 15.8% | +2.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 15.2% | 13.2% | -32.5% | 86.5% | 0.43 | 1.01 | 81% | — | — |
| 3 Years | 13.6% | 13.6% | -4.3% | 31.5% | 1.21 | 4.60 | 98% | — | — |
| 5 Years | 13.6% | 13.4% | 0.7% | 25.5% | 1.79 | 13.03 | 100% | — | — |
| 10 Years | 13.7% | 13.6% | 9.9% | 17.6% | 4.63 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +2.70 | 1.06 | 103.3% | 100.5% | -9.3% | -10.9% |
| 3 Years | +1.46 | 1.04 | 98.9% | 96.3% | 7.9% | 6.4% |
| 5 Years | +1.83 | 1.05 | 100.9% | 98.2% | 6.9% | 5.2% |
| 7 Years | -0.61 | 1.09 | 106.5% | 106.9% | 9.7% | 10.0% |
| 10 Years | +1.06 | 1.09 | 108.2% | 106.9% | 11.8% | 10.3% |
| 12 Years | +1.29 | 1.11 | 109.9% | 108.4% | 10.6% | 9.0% |
| 15 Years | -0.01 | 1.14 | 112.9% | 113.0% | 9.8% | 9.4% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | ICICI Bank Ltd. | 16.80% |
| 2 | HDFC Bank Ltd. | 13.67% |
| 3 | Kotak Mahindra Bank Ltd. | 8.51% |
| 4 | State Bank of India | 8.26% |
| 5 | Axis Bank Ltd. | 8.15% |
| 6 | DAM Capital Advisors Ltd. | 4.44% |
| 7 | Bajaj Finance Ltd. | 4.13% |
| 8 | General Insurance Corporation of India | 3.42% |
| 9 | Bajaj Holdings & Investment Ltd. | 3.10% |
| 10 | Power Finance Corporation Ltd. | 3.10% |