| Risk | High |
|---|---|
| Min SIP Amount | Not Supported |
| Expense Ratio | 2.70% |
| NAV | ₹43.56 (27 Mar 2020) |
|---|---|
| Fund Started | 16 Sep 2008 |
| Fund Size | ₹4 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 26.8% |
| ICICI Bank Ltd. | Financial | Equity | 23.2% |
| State Bank of India | Financial | Equity | 12.2% |
| Axis Bank Ltd. | Financial | Equity | 11.0% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 6.6% |
| Indusind Bank Ltd. | Financial | Equity | 4.7% |
| Bajaj Finance Ltd. | Financial | Equity | 4.2% |
| RBL Bank Ltd. | Financial | Equity | 3.2% |
| Bajaj Finserv Ltd. | Financial | Equity | 2.5% |
| Federal Bank Ltd. | Financial | Equity | 1.5% |
Sahara Banking and Financial Services Fund Growth is a Equity Mutual Fund Scheme launched by Sahara Mutual Fund. This scheme was made available to investors on 16 Sep 2008. Anshum Nandecha is the Current Fund Manager of Sahara Banking and Financial Services Fund Growth fund.The fund currently has an Asset Under Management(AUM) of ₹4 Cr and the Latest NAV as of 27 Mar 2020 is ₹43.56.
The Sahara Banking and Financial Services Fund Growth is rated High risk. Minimum SIP Investment is set to 1000. Exit load of 1% if redeemed within 12 months. (Exit load of 1% if redeemed within 12 months by way of SIP)
The investment objective would be to provide long term capital appreciation through investment in equities and equities related securities of companies engaged in Banking & Financial Service, either whole or in part. There can be no assurance that the investment objective of the Scheme will be realized. The scheme does not assure any guaranteed returns.
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.