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

You can easily invest in SBI Banking & Financial Services Fund Direct Growth 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 Growth 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 Growth as SIP or lumpsum as per your investment objective and risk tolerance

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

The SBI Banking & Financial Services Fund Direct Growth has been there from 26 Feb 2015 and the average annual returns provided by this fund is 23.56% since its inception.

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

The term Expense Ratio used for SBI Banking & Financial Services Fund Direct Growth 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 Growth is 0.73% as of 21 Jan 2026...

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

The AUM, short for Assets Under Management of SBI Banking & Financial Services Fund Direct Growth is ₹10,105.98Cr as of 21 Jan 2026.

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

If you want to sell your SBI Banking & Financial Services Fund Direct Growth 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.

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

The NAV of SBI Banking & Financial Services Fund Direct Growth is ₹51.07 as of 20 Jan 2026.

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

The PE ratio ratio of SBI Banking & Financial Services Fund Direct Growth 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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SBI Banking & Financial Services Fund Direct Growth

Name: SBI Banking & Financial Services Fund Direct Growth
Brand: SBI Mutual Fund

Equity

Sectoral

Very High Risk

+21.21%

3Y annualised

-1.33% 1D

All

NAV: 20 Jan '26

₹51.07

Min. SIP amount

₹500

Fund size

₹10,105.98 Cr

Expense ratio

0.73%

Return calculator

Monthly SIP

One time

Monthly investment

₹5,000

Over the past	Total investment	Would've become	Returns
1 year	₹60,000	₹59,006	-1.66%
3 years	₹1,80,000	₹2,24,370	+24.65%
5 years	₹3,00,000	₹4,54,998	+51.67%
10 years	₹6,00,000	₹13,59,877	+126.65%

Holdings (36)

Name	Sector	Instruments	Assets
HDFC Bank Ltd.	Financial	Equity	12.39%
Kotak Mahindra Bank Ltd.	Financial	Equity	8.58%
Axis Bank Ltd.	Financial	Equity	7.34%
Bajaj Finserv Ltd.	Financial	Equity	6.89%
State Bank of India	Financial	Equity	6.54%
ICICI Bank Ltd.	Financial	Equity	5.89%
SBI Life Insurance Company Ltd.	Insurance	Equity	4.85%
Muthoot Finance Ltd.	Financial	Equity	4.05%
ICICI Prudential Asset Management Company Ltd.	Financial	Equity	3.50%
Multi Commodity Exchange Of India Ltd.	Services	Equity	3.10%
Bank Of Baroda	Financial	Equity	2.92%
HDFC Life Insurance Co Ltd.	Insurance	Equity	2.72%
Bajaj Finance Ltd.	Financial	Equity	2.64%
Shriram Finance Ltd	Financial	Equity	2.62%
ICICI Prudential Life Insurance Company Ltd.	Insurance	Equity	2.58%
Max Financial Services Ltd.	Financial	Equity	2.16%
Aptus Value Housing Finance India Ltd.	Financial	Equity	2.05%
SBI Cards And Payment Services Ltd.	Financial	Equity	1.82%
Star Health and Allied Insurance Company Ltd.	Insurance	Equity	1.50%
Aditya Birla Capital Ltd.	Financial	Equity	1.47%
Mahindra & Mahindra Financial Services Ltd.	Financial	Equity	1.33%
BSE Ltd.	Services	Equity	1.30%
Bank of India	Financial	Equity	1.28%
360 One Wam Ltd.	Financial	Equity	0.94%
ICRA Ltd.	Services	Equity	0.92%
Care Ratings Ltd.	Services	Equity	0.89%
Cholamandalam Financial Holdings Ltd.	Financial	Equity	0.73%
Angel One Ltd.	Financial	Equity	0.72%
The South Indian Bank Ltd.	Financial	Equity	0.68%
Niva Bupa Health Insurance Company Ltd.	Insurance	Equity	0.68%
Pine Labs Ltd.	Financial	Equity	0.64%
HDB Financial Services Ltd.	Financial	Equity	0.41%
Crisil Ltd.	Services	Equity	0.35%
Billionbrains Garage Ventures Ltd.	Financial	Equity	0.23%
PB Fintech Ltd.	Services	Equity	0.12%
Reserve Bank of India	Financial	T-Bills	0.05%

See All

Minimum investments

Min. for 1st investment

₹5,000

Min. for 2nd investment

₹1,000

Min. for SIP

₹500

Returns and rankings

Annualised returns

Absolute returns

Name	3Y	5Y	10Y	All
Fund returns	+21.2%	+17.0%	+19.9%	+16.1%
Category average (Equity Sectoral)	+14.4%	+16.1%	+13.7%	--
Rank (Equity Sectoral)	3	4	1	--

Exit load, stamp duty and tax

Exit load

Exit load of 0.50% if redeemed within 30 days.

Stamp duty on investment: 0.005% (from July 1st, 2020)

from July 1st 2020

Tax implication

If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.

Check past data

Fund management

MA
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

SBI Conservative Hybrid Fund Direct Growth

SBI Banking & Financial Services Fund Direct Growth

SBI ELSS Tax Saver Fund Direct Growth

PK
Pradeep Kesavan
Dec 2023 - Present
View details

Education

Mr. Kesavan has done B.Com, MBA (Finance) and CFA

Experience

Prior to joining SBI MF, he has worked with Elara Capital, Accenture Strategy, Morgan Stanley and 3i Infotech

Also manages these schemes

SBI Corporate Bond Fund Direct Growth

SBI Banking and PSU Fund Direct Growth

SBI Multicap Fund Direct Growth

SBI Focused Fund Direct Plan Growth

SBI Equity Hybrid Fund Direct Plan Growth

SBI Banking & Financial Services Fund Direct Growth

SBI Floating Rate Debt Fund Direct Growth

SBI Balanced Advantage Fund Direct Growth

SBI Energy Opportunities Fund Direct Growth

SBI Automotive Opportunities Fund Direct Growth

SBI Credit Risk Fund Direct Growth

SBI Long Duration Fund Direct Growth

SBI Dynamic Bond Direct Plan Growth

SBI Healthcare Opportunities Fund Direct Plan Growth

SBI Gold Direct Plan Growth

SBI Quant Fund Direct Growth

SBI Children's Fund Investment Plan Direct Growth

SBI Equity Savings Fund Direct Growth

SBI Consumption Opportunities Fund Direct Growth

SBI Large Cap Direct Plan Growth

SBI Technology Opportunities Fund Direct Growth

SBI Equity Minimum Variance Fund Direct Growth

SBI Arbitrage Opportunities Fund Direct Growth

SBI Retirement Benefit Fund Aggressive Plan Direct Growth

SBI Mid Cap Direct Plan Growth

SBI Retirement Benefit Fund Aggressive Hybrid Plan Direct Growth

SBI Medium to Long Duration Fund Direct Growth

SBI Contra Direct Plan Growth

SBI Children's Fund Savings Plan Direct Growth

SBI Flexicap Fund Direct Growth

SBI Multi Asset Allocation Fund Direct Growth

SBI Large & Midcap Fund Direct Plan Growth

SBI Comma Fund Direct Growth

SBI Medium Duration Fund Direct Growth

SBI Retirement Benefit Fund Conservative Hybrid Plan Direct Growth

SBI ESG Exclusionary Strategy Fund Direct Plan Growth

SBI Nifty Index Direct Plan Growth

SBI Ultra Short Duration Fund Direct Growth

SBI MNC Direct Plan Growth

SBI Retirement Benefit Fund Conservative Plan Direct Growth

SBI Low Duration Fund Direct Growth

SBI Short Term Debt Fund Direct Growth

SBI Infrastructure Fund Direct Growth

SBI Savings Fund Direct Growth

SBI Small Cap Fund Direct Growth

About SBI Banking & Financial Services Fund Direct Growth

SBI Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Milind Agrawal is the Current Fund Manager of SBI Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,56,070 Cr and the Latest NAV as of 20 Jan 2026 is ₹51.07. The SBI Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Minimum Lumpsum Investment is ₹5,000. Exit load of 0.50% if redeemed within 30 days. ;

Investment Objective

The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.

Fund benchmarkNIFTY Financial Services Total Return Index

Scheme Information Document(SID)