| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.10% |
| NAV | ₹18.20 (27 Oct 2020) |
|---|---|
| Fund Started | 26 Feb 2015 |
| Fund Size | ₹1,495 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| HDFC Bank Ltd. | Financial | Equity | 25.9% |
| ICICI Bank Ltd. | Financial | Equity | 13.2% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 9.9% |
| Axis Bank Ltd. | Financial | Equity | 8.7% |
| State Bank of India | Financial | Equity | 6.1% |
| ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 5.3% |
| Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 2.8% |
| Muthoot Finance Ltd. | Financial | Equity | 2.8% |
| ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 2.7% |
| Mahindra & Mahindra Financial Services Ltd. | Financial | Equity | 2.6% |
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 ₹1,495 Cr and the Latest NAV as of 27 Oct 2020 is ₹18.20.
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 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.
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.