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Canara Robeco Banking and Financial Services Fund

An open-ended equity scheme investing in Banking and Financial Services Sector

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Transformation   of the Sector

Moving from Traditional Banking | Banking, Funding, Savings, Investment

timeline
Pre 1991

Traditional Banking

  • Branch banking
  • Corporate heavy
  • PSU dominance
  • Safety of money
  • Borrower's Age group: 40-50 Years
1991 - 2010

Modern Banking

  • Cheques/ ATMs
  • Home loan scale up
  • Entry of private banks
  • Savings and deposits focus
  • Borrower's Age group: 40-45 Years
2010 - 2020

Digital Revolution

  • Internet banking
  • Retail/ SME/MSME pick up
  • NBFC / Insurance emerged
  • Financial savings gained traction
  • Investment focus
  • Borrower's Age group: 30-40 Years
Post 2020

Fintech Revolution

  • Mobile banking
  • Traction in Unsecured small ticket loans
  • Surge in capital markets
  • Focus on Wealth Creation
  • Borrower's Age group: 20-40 Years

Note: Borrower's Age Group refers to Entry level Age of Retail Borrower for their first loan

Source: Internal Analysis, Paisabazaar consumer credit report (for Borrower's Age Group)

Savings Pattern  has evolved over the years

Moving from Safety to Leverage to Investment

Household (HH) Financial Borrowings and Deposits

graph1

Increasing Financialisation of Household Savings

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Note: All figures are approximations and are rounded off to the closest percentage; Both the charts' data are on flow basis; RHS chart represents data based on average for the period.

Source: LHS - RBI, MOSPI; RHS - RBI, MOSPI, 360 One Asset Research

BFSI  – Diversified play on the Economy

Sectoral but Diversified

Banking, Financial Services and Insurance
Lending Financials

Banks

  • Private Banks
  • Public Sector Banks
  • Small Finance Banks

NBFCs

  • Housing Finance Companies
  • Secured Lenders
  • Unsecured Lenders
Non Lending Financials

Insurance

  • Life Insurance
  • General Insurance

Holding Companies / Investment Companies

Rating Agencies

Fintech

Capital Markets
Brokerages
Exchanges
Asset Management Companies (AMC)
Depositories
Registrars and Transfer Agents
Wealth Managers & Distributors
Number of Listed Entities (Lending Financials)
122
Number of Listed Entities (Non Lending Financials)
95
Number of Listed Entities (Capital Markets)
44

Note: The above list is not exhaustive and represents key segments of the sector. The number of entities represent the listed entities present in the sector as on 31st December 2025.

Source: Internal Research & Analysis

BFSI Sector has Huge   Profit Opportunity

Profit Pool is only increasing with the advent of Fintech in FY 2025

hexagon

Structural Growth Drivers

Credit and Income Growth:

Formalisation, Rising per capita income, Improving Balance Sheets

Insurance Under-penetration:

India remains structurally under-insured vs global peers, Private share gains

Rising Financialisation of Household Savings

Shift from Physical to Market linked assets

Operating Leverage and ROE expansion

Asset light, scalable business models

Note: All data pertains to listed entities for market segments depicted; PAT is aggregate of all entities of respective segments for FY’25. Past performance may or may not be sustained in future. The above data is only to explain the growth in the BFSI sector and should not be construed as any indication of future returns. The sector(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s).
10 Years CAGR is calculated based on published PAT data for respective entities. NBFCs include HFCs; NBFC – Non Banking Finance Corporation;HFC – Housing Finance Corporation;AMC – Asset Management Company;RTA – Registrar and Transfer Agent; All figures are approximations and are rounded off to the closest integer;

Source: RBI, ACE Equity, Internal Analysis.

Our Approach towards Portfolio Construction

Value Migration
Business
Strong Competitive Advantage, Expanding Market share, Growing Addressable Market, Shifting Profit Pools, Asset Quality
(Higher Incremental ROE → Higher Equity Allocation)
+
Execution
Management
Long Term Vision, Mgmt. Credibility, Corporate Governance, Business Plans, Capital Efficiency
(Better Track Record → Higher Equity Allocation)
+
Risk
Regulation
Good Track Record of Regulatory (RBI, SEBI, IRDAI, etc) Compliance, Conservative Accounting Policies, Best Market Practice.
(Stricter Compliance → Higher Equity Allocation)
+
Intrinsic Value
Valuations
Premium Multiples for Good Track Record, P/BV, P/E. Residual Income Method, PEG, Focus on Intrinsic Value
(Reasonable Valuation → Higher Equity Allocation)
=
Portfolio
Construction

Note : RBI – Reserve Bank of India; SEBI – Securities Exchange Board of India; IRDAI - Insurance Regulatory and Development Authority of India.
P/BV – Price to Book Value Ratio; P/E – Price to Earnings Ratio; PEG – PE Ratio/Growth; ROE – Return on Equity;
For the detailed investment strategy, please refer the Scheme Information Document (SID) of the Scheme. Investors shall note that there is no assurance or guarantee that the investment objective of the scheme will be achieved. The above is based upon current fund management/ investment strategy. However, the same shall be subject to change depending on the market conditions and in line with the provisions of the SID.

Our  Portfolio   Structure

Targeting Stability and Growth

shield
Steady Compounders
Established Leaders
Strong Balance Sheets
Low Risk
Proven Track Record
Compounders
Stable ROE
rocket
Growth Accelerators & Disruptors
High Growth Potential
Challenger
Market Share Expansion
Innovative Business Model
Potential for Higher ROEs

Note: ROE – Return on Equity.
For detailed investment strategy, please refer the Scheme Information Document (SID) of the Scheme. Investors shall note that there is no assurance or guarantee that the investment objective of the scheme will be achieved. The above is based upon our current fund management/investment strategy. However, the same shall be subject to change depending on the market conditions and in line with the provisions of the SID.

Our Portfolio Stock  Selection Approach  

261 Entities in the overall sector
70 Investible names in our Universe
High Conviction Portfolio
hexagon

Note: Entities Data is as of 31st December 2025 and is subject to change; ROE stands for Return on Equity;

Source: Internal Research; For the detailed investment strategy, please refer the Scheme Information Document (SID) of the Scheme. Investors shall note that there is no assurance or guarantee that the investment objective of the scheme will be achieved. The above is based upon our current fund management/ investment strategy. However, the same shall be subject to change depending on the market conditions and in line with the provisions of the SID.

Our  Fund’s Proposition  

Balanced Portfolio Construction
Scouting Newer Opportunities that can challenge the leaders or disrupt the industry trend
Sharp Selection – From 261 + entities in the sector; High Conviction Portfolio Construct
Tapping Emerging Opportunities in Non-lending Space – Fintech and Capital Markets
Focus on Management Quality and Business Track Record

Note: Number of Entities Data is as of 31st December 2025 and is subject to change. For the detailed investment strategy, please refer the Scheme Information Document (SID) of the Scheme. Investors shall note that there is no assurance or guarantee that the investment objective of the scheme will be achieved. The above is based upon our current fund management / investment strategy. However, the same shall be subject to change depending on the market conditions and in line with the provisions of the SID.

Fund Overview

Everything you need to know before investing

Name of the Scheme
CANARA ROBECO BANKING AND FINANCIAL SERVICES FUND
Type
An open-ended equity scheme investing in Banking and Financial Services Sector.
Investment Objective
The objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity related instruments of entities engaged in the banking and financial services sector. There is no assurance that the investment objective of the Scheme will be achieved.
Asset Allocation*
Type of Instruments Indicative allocations
(% of total assets)
MinimumMaximum
Equity and Equity related instruments of entities engaged in banking and financial services sector.80%100%
Equity and Equity related instruments of entities other than above.0%20%
Debt and Money Market Securities.0%20%
Units issued by InvITs.0%10%
Plans & Options
Regular Plan & Direct Plan
a. Growth
b. Income Distribution cum Capital Withdrawal option:
- Reinvestment of Income Distnbuton cum Capital Withdrawal option
- Payout of Income Distribution cum Capital Withdrawal option
Exit Load
1% - if redeemed/switched out above 12% of allotted units within 365 days from the date of allotment,
Nil - if redeemed/switched out upto 12% of allotted units within 365 days from the date of allotment,
Nil - if redeemed/switched out after 365 days from the date of allotment

The AMC reserves the right to change / modify the Load structure of the Scheme, subject to maximum limits as prescribed under the SEBI (Mutual Funds) Regulations and circulars issued thereunder from time to time.
Benchmark
Nifty Financial Services Index TRI
Fund Manager
Mr. Amit Kadam, Mr. Shidatta Bhandwaldar

*Note: Under normal circumstances, the asset allocation of the Scheme will be as per above table. Investors are requested to refer SID for more information on Asset Allocation.

Amit Kadam
Amit Kadam
  • Over 15 years of experience
  • Amit Kadam is Fund Manager — Equities at Canara Robeco Asset management Company Limited. Amit had joined the company in 2018 as a Research Analyst.
  • Amit has worked in equity research across organizations such as LIC Mutual Fund Asset Management Ltd. and Sykes and Ray Equities (l) Ltd.
  • At Canara Robeco, Amit is the Fund Manager for Canara Robeco Focused Fund. Canara Robeco Conservative Hybrid Fund, Canara Robeco Balanced Advantage Fund and Canara Robeco Multi Asset Allocation Fund
Shridatta Bhandwaldar
Shridatta Bhandwaldar
  • Over 20 years of experience
  • Shridatta Bhandwaldar is Chief Investment Officer — Equities at Canara Robeco Asset Management Company Limited. He has been associated with Canara Robeco since July 2016.
  • Prior to joining Canara Robeco, he was associated with SBI Pension Fund Pvt Ltd, Heritage India Advisory Pvt Ltd, Motilal Oswal Securities, and MF Global Securities.
  • At Canara Robeco Asset Management Company Ltd., Shridatta is the Fund Manager of Canara Robeco Consumer Trends Fund, Canara Robeco Small Cap Fund, Canara Robeco Mid Cap Fund, Canara Robeco Infrastructure, Canara Robeco Flexi Cap Fund, Canara Robeco Large and Mid cap Fund, Canara Robeco Large Cap Fund, Canara Robeco ELSS Tax Saver, Canara Robeco Equity Hybrid Fund, Canara Robeco Multi Cap Fund, Canara Robeco Manufacturing Fund and Canara Robeco Focused Fund.

Investors seeking Sectoral Exposure

Investors looking to participate in India’s financialization and credit growth story through focused exposure to banking and financial services sector

settings

Who understands Sector Concentration Risk

Investors with a very high-risk appetite who understand sectoral concentration risk and equity market volatility

notepad

Long Term Investors

Investors with a long-term investment horizon of 5 years and above to ride economic cycles and sector recovery phases

timer

Growth Oriented Portfolios

Investors aiming for capital appreciation by investing across banks, NBFCs, Insurance, AMCs and Fintech ecosystem players

globe

Tactical Allocators

Investors who want to tactically allocate to financial services during phases of improving credit growth, asset quality and ROE expansion.

toggles

Note: There is no assurance or guarantee that the investment objective of the scheme will be achieved. Mutual fund investments are subject to market risks, please read scheme related documents carefully before investing.

Ways To Invest Digitally

This product is suitable for investors who are seeking*:

  • Long term capital appreciation
  • Investments predominantly in equity and equity related instruments of entities engaged in banking and financial services sector
*Investors should consult their financial advisers, if in doubt about whether the product is suitable for them.
The above product labelling assigned during the New Fund Offer (NFO) is based on internal assessment of the scheme characteristics or model portfolio and the same may vary post NFO when the actual investments are made.
#The Benchmark Risk-O-Meter is based on the evaluation of the portfolio data as of January 30, 2026.

Scheme Risk-O-Meter

Scheme Risk-O-Meter

Benchmark Risk-O-Meter#

Benchmark Risk-O-Meter
As per AMFI Tier I Benchmark i.e. Nifty Financial
Services Index TRI

Disclaimer

The information used towards formulating this document has been obtained from sources published by third parties. The above content is for information purpose only and does not constitute any guidelines or recommendation on any course of action to be followed by the reader. Recipients of this communication should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice, verify the contents and arrive at an informed investment decision before making any investments. Investor shall note that there is no assurance or guarantee that the investment objective of the scheme will be achieved. It is hereby expressly stated that, neither the AMC, its officers, the trustees, the sponsors, the Fund or any of their affiliates or representatives assume any responsibility for the accuracy of such information or the views thereof. Further, Canara Robeco Mutual Fund (CRMF), its Sponsors, its Trustees, CRAMC, its employees, officer, Directors, etc. assume no financial liability whatsoever to the user of this document.
Statutory Details: Name of the Mutual Fund: Canara Robeco Mutual Fund; Name of Asset Management Company: Canara Robeco Asset Management Company Ltd. CIN of Asset Management Company: L65990MH1993PLC071003; Name of the Trust: Canara Robeco Mutual Fund; Address: Canara Robeco Asset Management Company Ltd., Construction House, 4th Floor, 5, Walchand Hirachand Marg, Ballard Estate, Mumbai - 400 001. Tel. No. (022) 66585000, 66585085-86, Fax: 6658 5012/13; E-Mail: crmf@canararobeco.com Website: www.canararobeco.com.
Mutual Fund investments are subject to market risks, read all scheme related documents carefully.