SBI Banking & Financial Services Regular Growth - Latest NAV, Returns, Performance & Portfolio

SBI Banking & Financial Services Regular Growth

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Min amount: ₹500

Fund Summarystar

PeriodReturns(per year)
10 Years--
5 Years--
3 Years18.42%
1 Year25.17%
6 Months21.09%
Fund Details
RiskHigh Risk
Fund TypeSector - Financial Services
Exit Load1% for 365 Days

More about this fundstar

Top HoldingsWeightage
HDFC Bank Ltd22.54%
ICICI Bank Ltd14.45%
Kotak Mahindra Bank Ltd9.21%
Axis Bank Ltd8.32%
State Bank of India7.23%
AU Small Finance Bank Ltd5.99%
ICICI Lombard General Insurance Co Ltd4.73%
Muthoot Finance Ltd3.01%
Mahindra & Mahindra Financial Services Ltd2.92%
Bajaj Finance Ltd2.7%

About SBI Banking & Financial Services Fund

As the name suggests, the Scheme is an open-ended equity thematic scheme investing in companies engaged in banking and financial services sector. The Scheme has provided returns of 13.24% since Inception.

Pros & Cons of SBI Banking & Financial Services Fund

SBI Banking & Financial Services Fund offers following benefits:

  1. The Scheme has outperformed the benchmark index in 3 year horizon however under performed in 1 year horizon.
  2. The manager adopts active management style to optimize returns.
  3. The Scheme invests in Banks as well as NBFCs, Insurance companies, rating agencies, Microfinance etc.

Fund Information and Statistics of SBI Banking & Financial Services Fund

i) Inception / Launch date

The Scheme was launched on 26 February 2015. The Scheme is benchmarked against Nifty Financial Services Index.

ii) Risk level

The Scheme focuses in one sector leading to concentrated volatility and thus high risk proposition. The Scheme is suitable for investors with high risk appetite looking for capital appreciation over long term.

iii) Redemption

Redemption proceeds are generally despatched within 10 business days from the date of receipt of valid redemption request.

iv) Fund Manager

The Scheme is currently being managed by Ms. Sohini Andani who is managing the scheme since inception. She has an overall experience of 23 years in securities market.

v) Entry / Exit load

1% exit load is charged by the fund house if the units are redeemed within 12 months from the date of the allotment. No exit load is charged if redeemed post 12 months of allotment of units. No entry load is charged by the fund house for subscriptions.

Tax benefits of investing in SBI Banking & Financial Services Fund

The short-term capital gains made on sale of units within 1 year from the date of allotment is taxed at the rate of 15%. The long term capital gains, over and above Rs 1 lakh, made on sale of units after 1 year from the date of allotment is tax at concessional rate of 10% (without indexation).

About SBI Mutual Fund

SBI Mutual Fund was set-up in 1992 and managed via SBI Funds Management Pvt. Ltd (“AMC”). The AMC has over 28 years of experience in fund management offering varied schemes such as equity, fixed income, hybrid and thematic schemes. Currently, the fund house has over 222 service points across India and is entrusted to deliver value and nurture the trust of the investors.

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Min amount: ₹500

High Risk

All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,

  • High Risk = High possible returns
  • Low Risk = Stable, relatively lower returns