| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.13% |
| NAV | ₹16.12 (05 Aug 2020) |
|---|---|
| Fund Started | 26 Feb 2015 |
| Fund Size | ₹1,350 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 27.8% |
| ICICI Bank Ltd. | Financial | Equity | 13.5% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 10.6% |
| Axis Bank Ltd. | Financial | Equity | 7.8% |
| State Bank of India | Financial | Equity | 6.5% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 5.7% |
| Muthoot Finance Ltd. | Financial | Equity | 4.2% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 3.1% |
| ICICI Securities Ltd. | Financial | Equity | 2.7% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 2.4% |
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 26 Feb 2015. 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 ₹1,350 Cr and the Latest NAV as of 05 Aug 2020 is ₹16.12.
The SBI Banking & Financial Services Fund Direct Growth is rated High risk. Minimum SIP Investment is set to 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.