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SBI Banking & Financial Services Fund Direct IDCW

Equity
Sectoral / Thematic
Very High Risk
Payout
8.44%
3Y annualised
+1.81% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 16 May 2022₹21.25
Min. SIP amount₹500
Rating5
Fund size₹3,239.51Cr

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns1.4%8.4%11.4%12.7%
Category average56.1%9.1%12.0%NA
Rank with in category1041NA
Understand terms

Holdings (23)

NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity21.3%
ICICI Bank Ltd.FinancialEquity16.5%
State Bank of IndiaFinancialEquity9.2%
Axis Bank Ltd.FinancialEquity7.7%
Housing Development Finance Corpn. Ltd.FinancialEquity7.2%
Bandhan Bank Ltd.FinancialEquity3.9%
The Federal Bank Ltd.FinancialEquity3.7%
CreditAccess Grameen Ltd.FinancialEquity3.4%
Indusind Bank Ltd.FinancialEquity3.1%
Bank Of BarodaFinancialEquity3.0%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

3Y and 5Y annualised returns higher than category average
Higher alpha: 3.48 The fund has generated returns higher than benchmark - NIFTY Financial Services TRI - in the last 3Y
Lower expense ratio: 0.81%

Cons

1Y annualised returns lower than category average by 42.07%

Expense ratio, exit load and tax

Expense ratio: 0.81%

Inclusive of GST

Exit load

Exit load of 0.50% if redeemed within 30 days.

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms
Check past data

Minimum investment amounts

Min. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500

Fund management

Milind Agrawal
Aug 2019 - Present
View details

Education
B. Tech.- Mechanical Engineering, PGDM - Finance, CFA
Experience
Prior to joining SBI Mutual Fund he had worked with Goldman Sachs Services Pvt. Ltd. and Vadilal Enterprises Ltd.
Also manages these schemes

Fund house & investment objective

Fund house contact details

Address
9th Floor-Crescenzo, C-38 & 39-G Block, Bandra-Kurla Complex,Bandra (East) Mumbai 400051
Phone
022-61793000 / 1800-425-5425
Launch Date
29 Jun 1987
Website
NA
Amc Image
SBI Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

Compare funds

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FAQs

How to Invest in SBI Banking & Financial Services Fund Direct IDCW?

You can easily invest in SBI Banking & Financial Services Fund Direct IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps:

  • Log on to your Groww account
  • Search for SBI Banking & Financial Services Fund Direct IDCW from the search box
  • In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete
  • Once you are done with that, you can start investing in SBI Banking & Financial Services Fund Direct IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does SBI Banking & Financial Services Fund Direct IDCW provide?

The SBI Banking & Financial Services Fund Direct IDCW has been there from 26 Feb 2015 and the average annual returns provided by this fund is 1.43% since its inception.

How much expense ratio is charged by SBI Banking & Financial Services Fund Direct IDCW?

The term Expense Ratio used for SBI Banking & Financial Services Fund Direct IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund.

The Expense Ratio of SBI Banking & Financial Services Fund Direct IDCW is 0.81% as of 17 May 2022...

What is the AUM of SBI Banking & Financial Services Fund Direct IDCW?

The AUM, short for Assets Under Management of SBI Banking & Financial Services Fund Direct IDCW is ₹3,239.51Cr as of 17 May 2022.

How to Redeem SBI Banking & Financial Services Fund Direct IDCW?

If you want to sell your SBI Banking & Financial Services Fund Direct IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of SBI Banking & Financial Services Fund Direct IDCW?

You can select either SIP or Lumpsum investment of SBI Banking & Financial Services Fund Direct IDCW based on your investment objective and risk tolerance.

What is the NAV of SBI Banking & Financial Services Fund Direct IDCW?

The NAV of SBI Banking & Financial Services Fund Direct IDCW is ₹21.25 as of 16 May 2022.

What is the PE and PB ratio of SBI Banking & Financial Services Fund Direct IDCW?

The PE ratio ratio of SBI Banking & Financial Services Fund Direct IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

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