SBI Banking & Financial Services Fund Direct Dividend is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 26 Feb 2015. Sohini Andani is the Current Fund Manager of SBI Banking & Financial Services Fund Direct Dividend.The fund currently has an Asset Under Management(AUM) of ₹1,196 Cr and the Latest NAV as of 21 Nov 2019 is ₹18.42.
The SBI Banking & Financial Services Fund Direct Dividend is rated High risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Exit load of 1% if redeemed within 12 months..
The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.
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.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment
Exit load of 1% if redeemed within 12 months.