3 Year return
14.92%Investment Details
Calculate Returns
Based on past performance of this fund
Risk Involved
Your principal will be at
Very High Risk
Asset Under Management
₹6407.35 Cr.
Expense Ratio
0.74% (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.
Tax Implications
Withdrawal within 1 year:
20% tax on gains
Withdrawal after 1 year:
12.5% tax on gains above ₹1.25 lakh per financial year
Fund Holdings
SBI Mutual Fund Managers
SA
Sohini Andani
Fund Manager since Feb 2015
Fund House Details
SBI Mutual Fund Asset management company
Peer Comparison
Comparison with other similar funds
Funds
|
3 Y Returns
|
ARQ Rating
|
---|---|---|
Quant Infrastructure Fund |
28.22% |
0 |
DSP Healthcare Fund |
22.91% |
0 |
ICICI Prudential Commodities Fund |
18.72% |
0 |
Schemes by SBI Mutual Fund
List of mutual fund schemes by AMC
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Payout
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan IDCW Reinvestment
Hybrid . Arbitrage Fund
SBI Arbitrage Opportunities Fund Direct Plan Gr
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan Growth
Equity . Sectoral / Thematic
SBI Automotive Opportunities Fund Direct Plan IDCW Payout
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 | 16.46% |
Expense Ratio | 0.74% |
Fund Manager | Sohini Andani |
Fund Size | ₹6407.35 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 3333 1800 425 5425 |
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?
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What is the minimum SIP amount to invest in SBI Banking and Financial Services Fund?
How do I invest in SBI Banking and Financial Services Fund?
- Make sure you are logged in to Angel One.
- Select the type of investment: SIP or one-time.
- 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.
- Proceed by clicking the pay button and choosing your mode of payment.
- 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?
- Click on the ‘Invest’ button.
- Enter your desired SIP amount and the SIP date.
- You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
- Choose your payment method between UPI and Net Banking.
- Make your payment.
- Your SIP is created.
How do I automate an SIP in SBI Banking and Financial Services Fund?
- Once you create an SIP, click on ‘Set up autopay’
- Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
- 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?
- Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
- Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
- Verify the details on the ‘Confirm withdraw’ screen.
- Select the bank account in which you want to receive the funds.
- You will receive your funds within three working days of placing the order.
- You can track your order in the ‘Orders’ section.