Bank, financial services MFs lagged in 2024. Will the new year be better?

Mutual funds focused on the bank and financial services sector have lagged, posting an average return of approximately 11.28% in 2024. A total of 18 such funds were active during this time. Of these, 11 funds reported double-digit returns, while 7 saw single-digit returns. The top performer in this category was Invesco India Financial Services Fund, which achieved a return of 19.62%, followed closely by SBI Banking & Financial Services Fund with a return of 19.12%.