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

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SBI Banking & Financial Services Fund Direct Growth
Equity
Sectoral / Thematic
Very High Risk
24.02%
3Y annualised
+0.51% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 22 Oct 2021₹28.64
Min. SIP amount₹500
Rating5star
Fund size₹2,948.45 Cr
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns59.0%24.0%18.5%17.1%
Category average56.1%9.1%12.0%NA
Rank with in category811NA
Understand termsinfo
Holdings (20)NameSectorInstrumentAssets
HDFC Bank Ltd.
FinancialEquity22.8%
ICICI Bank Ltd.
FinancialEquity15.2%
Kotak Mahindra Bank Ltd.
FinancialEquity9.7%
Axis Bank Ltd.
FinancialEquity9.0%
SBI Life Insurance Company Ltd.
FinancialEquity6.5%
Manappuram Finance Ltd.
FinancialEquity5.0%
Housing Development Finance Corpn. Ltd.
FinancialEquity4.4%
State Bank of India
FinancialEquity4.1%
Muthoot Finance Ltd.
FinancialEquity2.8%
LIC Housing Finance Ltd.
FinancialEquity2.7%
See All
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
30 Sep 2021 - Present
0.87%
31 Aug 2021 - 30 Sep 2021
0.87%
31 Jul 2021 - 31 Aug 2021
0.87%
30 Jun 2021 - 31 Jul 2021
0.88%
31 May 2021 - 30 Jun 2021
0.88%
30 Apr 2021 - 31 May 2021
0.91%
31 Mar 2021 - 30 Apr 2021
1.00%
28 Feb 2021 - 31 Mar 2021
0.96%
31 Jan 2021 - 28 Feb 2021
1.00%
31 Dec 2020 - 31 Jan 2021
1.00%
30 Nov 2020 - 31 Dec 2020
1.02%
31 Oct 2020 - 30 Nov 2020
1.08%
30 Sep 2020 - 31 Oct 2020
1.13%
31 Aug 2020 - 30 Sep 2020
1.08%
31 Jul 2020 - 31 Aug 2020
1.09%
30 Jun 2020 - 31 Jul 2020
1.13%
31 May 2020 - 30 Jun 2020
1.16%
30 Apr 2020 - 31 May 2020
1.14%
31 Mar 2020 - 30 Apr 2020
1.22%
29 Feb 2020 - 31 Mar 2020
1.10%
31 Jan 2020 - 29 Feb 2020
1.15%
31 Dec 2019 - 31 Jan 2020
1.21%
30 Nov 2019 - 31 Dec 2019
1.24%
31 Oct 2019 - 30 Nov 2019
1.30%
30 Sep 2019 - 31 Oct 2019
1.30%
31 Aug 2019 - 30 Sep 2019
1.35%
31 Jul 2019 - 31 Aug 2019
1.42%
30 Jun 2019 - 31 Jul 2019
1.50%
31 May 2019 - 30 Jun 2019
1.53%
30 Apr 2019 - 31 May 2019
1.59%
31 Mar 2019 - 30 Apr 2019
1.60%
28 Feb 2019 - 31 Mar 2019
1.65%
31 Jan 2019 - 28 Feb 2019
1.65%
31 Dec 2018 - 31 Jan 2019
1.65%
30 Nov 2018 - 31 Dec 2018
1.66%
31 Oct 2018 - 30 Nov 2018
1.47%
30 Sep 2018 - 31 Oct 2018
1.47%
31 Aug 2018 - 30 Sep 2018
1.47%
31 Jul 2018 - 31 Aug 2018
1.29%
30 Jun 2018 - 31 Jul 2018
1.29%
31 May 2018 - 30 Jun 2018
1.25%
30 Apr 2018 - 31 May 2018
1.25%
31 Mar 2018 - 30 Apr 2018
1.25%
28 Feb 2018 - 31 Mar 2018
1.62%
31 Jan 2018 - 28 Feb 2018
1.66%
31 Dec 2017 - 31 Jan 2018
1.65%
30 Nov 2017 - 31 Dec 2017
1.61%
31 Oct 2017 - 30 Nov 2017
1.61%
Expense ratio, exit load and taxExpense ratio: 0.87%Inclusive of GST
Exit loadExit load of 0.50% if redeemed within 30 days.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns 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 termsinfo
Check past data
Minimum investment amountsMin. for 1st investment₹5,000
Min. for 2nd investment onwards₹1,000
Min. for SIP₹500
Fund managementSohini Andani
Feb 2015 - Present
View details
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Education
Ms. Andani is a B.Com (H) and C.A.
Experience
Prior to joining SBI Mutual Fund she has worked with ING Investment Management Pvt. Ltd., ASK Raymond James & Associates Pvt. Ltd., LKP Shares & securities Ltd., Advani Share Broker Pvt. Ltd., CRISIL, and K R Choksey Shares & Securities Pvt. Ltd.
Also manages these schemes
SBI Magnum Mid Cap Fund Growth
SBI Magnum Mid Cap Fund IDCW
SBI Bluechip Fund Growth
SBI Bluechip Fund IDCW
SBI Bluechip Direct Plan IDCW
SBI Bluechip Direct Plan Growth
SBI Magnum Mid Cap Direct Plan IDCW
SBI Magnum Mid Cap Direct Plan Growth
SBI Banking & Financial Services Fund Direct IDCW
SBI Banking & Financial Services Fund Regular Growth
SBI Banking & Financial Services Fund Direct Growth
SBI Banking & Financial Services Fund Regular IDCW
Milind Agrawal
Aug 2019 - Present
View details
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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 Banking & Financial Services Fund Direct IDCW
SBI Banking & Financial Services Fund Regular Growth
SBI Banking & Financial Services Fund Direct Growth
SBI Banking & Financial Services Fund Regular IDCW
Fund house & investment objective
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SBI Mutual Fund
Rank (total assets)#1 in India
Total AUM4,99,821.43 Cr
Date of Incorporation29 Jun 1987
SBI Banking & Financial Services Fund Direct Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to inve
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. Sohini Andani is the Current Fund Manager of SBI Banking & Financial Services Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹4,99,821 Cr and the Latest NAV as of 22 Oct 2021 is ₹28.64.
The SBI Banking & Financial Services Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000. Exit load of 0.50% if redeemed within 30 days....Read more
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
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.
...Read more
Fund benchmarkNIFTY Financial Services TRI
descriptionScheme Information Document(SID)
Fund house contact details
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Address
9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone
022 - 61793000
Launch Date
29 Jun 1987
E-mail
[email protected]
Website
NA
SBI Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
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	1Y	3Y	5Y	All
Fund returns	59.0%	24.0%	18.5%	17.1%
Category average	56.1%	9.1%	12.0%	NA
Rank with in category	8	1	1	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	22.8%
ICICI Bank Ltd.	Financial	Equity	15.2%
Kotak Mahindra Bank Ltd.	Financial	Equity	9.7%
Axis Bank Ltd.	Financial	Equity	9.0%
SBI Life Insurance Company Ltd.	Financial	Equity	6.5%
Manappuram Finance Ltd.	Financial	Equity	5.0%
Housing Development Finance Corpn. Ltd.	Financial	Equity	4.4%
State Bank of India	Financial	Equity	4.1%
Muthoot Finance Ltd.	Financial	Equity	2.8%
LIC Housing Finance Ltd.	Financial	Equity	2.7%

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

Rating	5
Fund size	₹2,948.45 Cr