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

Home>Mutual Funds>SBI Mutual Fund>SBI Banking & Financial Services Fund Direct Growth

bookmark_border
share
SBI Banking & Financial Services Fund Direct Growth
Equity
Sectoral / Thematic
Very High Risk
58.07%
1Y return
+0.45% 1D
1M
6M
1Y
3Y
5Y
All
NAV: 02 Aug 2021₹25.54
Min. SIP Amount₹500
Rating5star
Fund Size₹2,703.63 Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹0 (0.00%)
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 returns58.1%13.0%17.0%15.7%
Category average56.1%9.1%12.0%NA
Rank with in category721NA
Understand termsinfo
Holdings (21)NameSectorInstrumentAssets
HDFC Bank Ltd.FinancialEquity22.7%
ICICI Bank Ltd.FinancialEquity14.9%
State Bank of India
FinancialEquity9.6%
Axis Bank Ltd.FinancialEquity8.1%
Kotak Mahindra Bank Ltd.FinancialEquity7.3%
SBI Life Insurance Company Ltd.FinancialEquity4.8%
ICICI Lombard General Insurance Company Ltd.
InsuranceEquity3.5%
LIC Housing Finance Ltd.FinancialEquity3.4%
Muthoot Finance Ltd.FinancialEquity3.3%
Manappuram Finance Ltd.FinancialEquity3.1%
See All
Pros and consCategory: Equity Sectoral / Thematic
Pros3Y Returns are higher than the category average returns
5Y Returns are higher than the category average returns
Cons1Y Returns are lower than the category average returns
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. 
Expense ratio, exit load and taxExpense ratio: 0.88%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
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
keyboard_arrow_down
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
keyboard_arrow_down
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
keyboard_arrow_down
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 02 Aug 2021 is ₹25.54.
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
keyboard_arrow_down
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
Compare funds
SBI Banking & Financial Services Fund Direct Growth
VS
Add mutual fund to compare

No.11, 2nd floor, 80 FT Road
4th Block, S.T Bed, Koramangala
Bengaluru – 560034
Contact Us
PRODUCTS
StocksFutures & OptionsMutual FundsFixed DepositGoldUS Stocks
GROWW
About UsPricingBlogMedia & PressHelp and Support
QUICK LINKS
AMC Mutual FundsCalculatorsGlossaryOpen Demat AccountGroww Digest
ⓒ 2016-2021 Groww. All rights reserved, Built with ♥in India

	1Y	3Y	5Y	All
Fund returns	58.1%	13.0%	17.0%	15.7%
Category average	56.1%	9.1%	12.0%	NA
Rank with in category	7	2	1	NA

Name	Sector	Instrument	Assets
HDFC Bank Ltd.	Financial	Equity	22.7%
ICICI Bank Ltd.	Financial	Equity	14.9%
State Bank of India	Financial	Equity	9.6%
Axis Bank Ltd.	Financial	Equity	8.1%
Kotak Mahindra Bank Ltd.	Financial	Equity	7.3%
SBI Life Insurance Company Ltd.	Financial	Equity	4.8%
ICICI Lombard General Insurance Company Ltd.	Insurance	Equity	3.5%
LIC Housing Finance Ltd.	Financial	Equity	3.4%
Muthoot Finance Ltd.	Financial	Equity	3.3%
Manappuram Finance Ltd.	Financial	Equity	3.1%

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

Rating	5
Fund Size	₹2,703.63 Cr