Risk and return analysis plays a most important role while making any investment decision. Every rational investor, analyze the risk and return before investing in any stock or security. The investment process must be considered in terms of risk and return. It is generally believed that if the investor wants to earn higher return then he will have to take more risk for earning higher return, if he doesn’t want to take higher risk then he can’t earn higher return. So, higher return with high risk. The main objective of the study is to give investors a basic idea of investing into the Banking sectors funds and encourage them to invest in those areas where they can maximize the return on their capital. In the capital market, the equity market plays a huge role. And it’s volatile in nature too. Banking sector equity market has volatility and less return on investment in some of the banks have more volatility in investment also. The investors identify the minimum risk and maximum return on investment decisions through this analysis. Understanding, the risk involved in the investment helps to maximize returns. This study helps investors to understand from the previous behavior of selected data to make the best decision through market volatility; the primary objective of this study is to analyze the performance of banking securities based on its risk and return during the study period.