3 Year return

15.89%
Launched on February 2015 (9 years)

Investment Details

₹500

Minimum SIP Amount

₹5000

Minimum one time investment

Fund has no lock-in period

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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹5387.33 Cr.

Expense Ratio

0.75% (inclusive of GST)

Exit Load

For exit within 30 Days from th date of allotment. 0.50%. For exit after 30 Days from the date of allotment - NIL.

Ratings

ARQ Rating
0

Ratings by other agencies

5
0
5

Tax Implications

Withdrawal within 1 year

Exit load + 15% tax on gains

Withdrawal after 1 year

10% tax on gains over ₹1 Lakh per financial year

Fund Holdings

Holdings

SBI Mutual Fund Managers

SA

Sohini Andani

Fund Manager since Feb 2015

View Details

Fund House Details

SBI Mutual Fund

SBI Mutual Fund Asset management company

AUM ₹915,901.53 Cr.
No. of Schemes 213
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by SBI Mutual Fund

List of mutual fund schemes by AMC

About SBI Banking and Financial Services Fund Direct Plan Growth

The SBI Banking and Financial Services Fund — Direct Plan Growth is offered by SBI Mutual Fund. Categorised as a sectoral fund, this scheme primarily focuses on investing in companies in the banking and financial services sector. It allocated a minimum of 80% of its assets to stocks in the relevant sector, i.e., banking and financial services, and balances this with up to 20% in equities of companies in other sectors, debt and/or money market instruments. Depending on how high the equity exposure is at any given time, the risk levels of the fund vary.

Investment Objective of the Scheme

The primary objective of the SBI Banking and Financial Services Fund Direct Plan Growth is to create long-term wealth by investing in stocks from the banking and financial services sector across different market capitalisations. The fund aims to achieve its objective by making both equity and equity-related investments in the sector.

Key Features of The Fund

5-year return 15.35%
Expense Ratio 0.75%
Fund Manager Sohini Andani
Fund Size ₹5387.33 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The concentrated investing approach of the SBI Banking and Financial Services Fund Direct Plan Growth makes it a very high-risk investment option. However, the fund also has significant potential for wealth creation. If adding a concentrated sectoral mutual fund to your investment portfolio is your goal, you may consider investing in this scheme. You must ensure that you can comfortably take on the additional risk of investing in this equity-heavy scheme before making a decision.

AMC Contact Details

Name SBI Mutual Fund
Launch Date June 1987
Addresss 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra-Kurla Complex, Mumbai, Maharashtra, India - 400 051
Contact 1800 209 33331800 425 5425
Email customer.delight@sbimf.com
Website https://www.sbimf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of SBI Banking and Financial Services Fund?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of SBI Banking and Financial Services Fund Jun 14 2024 is 39.5972

What is the AUM of SBI Banking and Financial Services Fund?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of SBI Banking and Financial Services Fund is 5387.33 crore.

What is the expense ratio of SBI Banking and Financial Services Fund?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of SBI Banking and Financial Services Fund is 0.75%

What are the returns of SBI Banking and Financial Services Fund since inception?

The SBI Banking and Financial Services Fund was launched on Feb 11 2015. The fund has delivered a CAGR of 15.94 since inception.

What is the minimum SIP amount to invest in SBI Banking and Financial Services Fund?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for SBI Banking and Financial Services Fund is 500.

How do I invest in SBI Banking and Financial Services Fund?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in SBI Banking and Financial Services Fund?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in SBI Banking and Financial Services Fund?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in SBI Banking and Financial Services Fund?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.