SBI Banking & Financial Services Fund Direct Growth

Equity
Sectoral / Thematic
Very High Risk
16.72%
3Y annualised
+0.84% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 08 Dec 2023₹34.19
Min. SIP amount₹500
Rating3
Fund size₹4,465.36Cr

Return calculator

Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of 0
Would have become (%)

Returns and rankings

Category: Equity Sectoral / Thematic
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns16.1%16.7%15.6%15.0%
Category average14.9%19.1%13.8%NA
Rank with in category10104NA
Understand terms

Holdings (27)

NameSectorInstrumentAssets
FinancialEquity17.9%
FinancialEquity17.8%
FinancialEquity9.0%
FinancialEquity6.7%
FinancialEquity4.6%
InsuranceEquity4.1%
InsuranceEquity3.4%
FinancialEquity3.2%
FinancialEquity2.8%
FinancialEquity2.6%
See All

Pros and cons

Category: Equity Sectoral / Thematic

Pros

Cons

1Y and 5Y annualised returns higher than category average
3Y annualised returns lower than category average by 2.35%
Lower expense ratio: 0.77%

Expense ratio, exit load and tax

Expense ratio: 0.77%

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

Mohit Jain
Nov 2017 - Present
View details

Education
Mr. Jain is B.E (Engineering) & CFA (Level III candidate)
Experience
Prior to joining SBI Mutual Fund, he has worked with Crisil Ltd. as a Research Analyst.
Also manages these schemes

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
E-mail
NA
SBI Mutual Fund
Asset Management Company
Custodian
Citibank NA
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,

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