SBI Banking & Financial Services Regular Growth
SBI Banking & Financial Services Regular Growth5Morning Star
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Min amount: ₹500
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|Fund Type||Sector - Financial Services|
|Exit Load||1% for 365 Days|
More about this fund
|HDFC Bank Ltd||22.2%|
|ICICI Bank Ltd||13.29%|
|Kotak Mahindra Bank Ltd||8.58%|
|State Bank of India||8.47%|
|Axis Bank Ltd||7.74%|
|AU Small Finance Bank Ltd||6.36%|
|ICICI Lombard General Insurance Co Ltd||5.29%|
|Muthoot Finance Ltd||3.38%|
|Bajaj Finance Ltd||2.68%|
|Mahindra & Mahindra Financial Services Ltd||2.64%|
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:
- The Scheme has outperformed the benchmark index in 3 year horizon however under performed in 1 year horizon.
- The manager adopts active management style to optimize returns.
- 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.
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
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