How to Invest in SBI Banking & Financial Services Fund Regular IDCW?

You can easily invest in SBI Banking & Financial Services Fund Regular IDCW in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for SBI Banking & Financial Services Fund Regular IDCW from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in SBI Banking & Financial Services Fund Regular IDCW as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does SBI Banking & Financial Services Fund Regular IDCW provide?

The SBI Banking & Financial Services Fund Regular IDCW has been there from 26 Feb 2015 and the average annual returns provided by this fund is 8.60% since its inception.

How much expense ratio is charged by SBI Banking & Financial Services Fund Regular IDCW?

The term Expense Ratio used for SBI Banking & Financial Services Fund Regular IDCW or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of SBI Banking & Financial Services Fund Regular IDCW is 1.93% as of 29 Nov 2023...

What is the AUM of SBI Banking & Financial Services Fund Regular IDCW?

The AUM, short for Assets Under Management of SBI Banking & Financial Services Fund Regular IDCW is ₹4,244.70Cr as of 29 Nov 2023.

How to Redeem SBI Banking & Financial Services Fund Regular IDCW?

If you want to sell your SBI Banking & Financial Services Fund Regular IDCW holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of SBI Banking & Financial Services Fund Regular IDCW?

You can select either SIP or Lumpsum investment of SBI Banking & Financial Services Fund Regular IDCW based on your investment objective and risk tolerance.

What is the NAV of SBI Banking & Financial Services Fund Regular IDCW?

The NAV of SBI Banking & Financial Services Fund Regular IDCW is ₹26.00 as of 28 Nov 2023.

What is the PE and PB ratio of SBI Banking & Financial Services Fund Regular IDCW?

The PE ratio ratio of SBI Banking & Financial Services Fund Regular IDCW is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

SBI Banking & Financial Services Fund Regular IDCW - NAV, Mutual Fund Performance & Portfolio

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SBI Banking & Financial Services Fund Regular IDCW
Equity
Sectoral / Thematic
Very High Risk
Payout
12.93%
3Y annualised
+0.40% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 28 Nov 2023₹26.00
Min. SIP amountNot Supported
Rating3
Fund size₹4,244.70Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
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 returns8.6%12.9%12.8%12.9%
Category average9.2%17.6%12.1%NA
Rank with in category13216NA
Understand terms
Holdings (24)NameSectorInstrumentAssets
ICICI Bank Ltd.
FinancialEquity18.3%
HDFC Bank Ltd.
FinancialEquity17.8%
Kotak Mahindra Bank Ltd.
FinancialEquity9.4%
Bajaj Finance Ltd.
FinancialEquity7.4%
State Bank of India
FinancialEquity4.8%
HDFC Life Insurance Co Ltd.
InsuranceEquity4.8%
Karur Vysya Bank Ltd.
FinancialEquity3.6%
Muthoot Finance Ltd.
FinancialEquity3.5%
ICICI Lombard General Insurance Company Ltd.
InsuranceEquity3.3%
HDFC Asset Management Company Ltd.
FinancialEquity3.3%
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
27 Nov 2023 - Present
1.93%
26 Nov 2023 - 27 Nov 2023
1.93%
25 Nov 2023 - 26 Nov 2023
1.93%
24 Nov 2023 - 25 Nov 2023
1.93%
23 Nov 2023 - 24 Nov 2023
1.93%
22 Nov 2023 - 23 Nov 2023
1.94%
21 Nov 2023 - 22 Nov 2023
1.92%
20 Nov 2023 - 21 Nov 2023
1.92%
19 Nov 2023 - 20 Nov 2023
1.92%
18 Nov 2023 - 19 Nov 2023
1.92%
17 Nov 2023 - 18 Nov 2023
1.92%
16 Nov 2023 - 17 Nov 2023
1.92%
15 Nov 2023 - 16 Nov 2023
1.92%
14 Nov 2023 - 15 Nov 2023
1.92%
13 Nov 2023 - 14 Nov 2023
1.92%
12 Nov 2023 - 13 Nov 2023
1.92%
11 Nov 2023 - 12 Nov 2023
1.92%
10 Nov 2023 - 11 Nov 2023
1.92%
09 Nov 2023 - 10 Nov 2023
1.92%
08 Nov 2023 - 09 Nov 2023
1.92%
07 Nov 2023 - 08 Nov 2023
1.92%
06 Nov 2023 - 07 Nov 2023
1.89%
05 Nov 2023 - 06 Nov 2023
1.89%
04 Nov 2023 - 05 Nov 2023
1.89%
03 Nov 2023 - 04 Nov 2023
1.89%
02 Nov 2023 - 03 Nov 2023
1.90%
01 Nov 2023 - 02 Nov 2023
1.90%
31 Oct 2023 - 01 Nov 2023
1.90%
30 Oct 2023 - 31 Oct 2023
1.90%
29 Oct 2023 - 30 Oct 2023
1.92%
28 Oct 2023 - 29 Oct 2023
1.92%
27 Oct 2023 - 28 Oct 2023
1.92%
26 Oct 2023 - 27 Oct 2023
1.92%
25 Oct 2023 - 26 Oct 2023
1.91%
24 Oct 2023 - 25 Oct 2023
1.91%
23 Oct 2023 - 24 Oct 2023
1.91%
22 Oct 2023 - 23 Oct 2023
1.91%
21 Oct 2023 - 22 Oct 2023
1.91%
20 Oct 2023 - 21 Oct 2023
1.91%
19 Oct 2023 - 20 Oct 2023
1.91%
18 Oct 2023 - 19 Oct 2023
1.90%
17 Oct 2023 - 18 Oct 2023
1.90%
16 Oct 2023 - 17 Oct 2023
0.81%
15 Oct 2023 - 16 Oct 2023
1.90%
14 Oct 2023 - 15 Oct 2023
1.90%
13 Oct 2023 - 14 Oct 2023
1.90%
12 Oct 2023 - 13 Oct 2023
1.90%
11 Oct 2023 - 12 Oct 2023
1.90%
10 Oct 2023 - 11 Oct 2023
1.91%
09 Oct 2023 - 10 Oct 2023
1.91%
08 Oct 2023 - 09 Oct 2023
1.91%
07 Oct 2023 - 08 Oct 2023
1.91%
06 Oct 2023 - 07 Oct 2023
1.91%
05 Oct 2023 - 06 Oct 2023
1.91%
04 Oct 2023 - 05 Oct 2023
1.91%
03 Oct 2023 - 04 Oct 2023
1.91%
02 Oct 2023 - 03 Oct 2023
1.91%
01 Oct 2023 - 02 Oct 2023
1.91%
30 Sep 2023 - 01 Oct 2023
1.91%
29 Sep 2023 - 30 Sep 2023
1.91%
28 Sep 2023 - 29 Sep 2023
1.91%
27 Sep 2023 - 28 Sep 2023
1.91%
26 Sep 2023 - 27 Sep 2023
1.91%
25 Sep 2023 - 26 Sep 2023
1.90%
24 Sep 2023 - 25 Sep 2023
1.91%
23 Sep 2023 - 24 Sep 2023
1.91%
22 Sep 2023 - 23 Sep 2023
1.91%
21 Sep 2023 - 22 Sep 2023
1.91%
20 Sep 2023 - 21 Sep 2023
1.90%
19 Sep 2023 - 20 Sep 2023
1.90%
18 Sep 2023 - 19 Sep 2023
1.90%
17 Sep 2023 - 18 Sep 2023
1.90%
16 Sep 2023 - 17 Sep 2023
1.90%
15 Sep 2023 - 16 Sep 2023
1.90%
14 Sep 2023 - 15 Sep 2023
1.90%
13 Sep 2023 - 14 Sep 2023
1.90%
12 Sep 2023 - 13 Sep 2023
1.90%
11 Sep 2023 - 12 Sep 2023
1.92%
10 Sep 2023 - 11 Sep 2023
1.92%
09 Sep 2023 - 10 Sep 2023
1.92%
08 Sep 2023 - 09 Sep 2023
1.92%
07 Sep 2023 - 08 Sep 2023
1.93%
06 Sep 2023 - 07 Sep 2023
1.93%
05 Sep 2023 - 06 Sep 2023
1.93%
04 Sep 2023 - 05 Sep 2023
1.93%
03 Sep 2023 - 04 Sep 2023
1.93%
02 Sep 2023 - 03 Sep 2023
1.93%
01 Sep 2023 - 02 Sep 2023
1.93%
31 Aug 2023 - 01 Sep 2023
1.93%
31 Jul 2023 - 31 Aug 2023
1.90%
30 Jun 2023 - 31 Jul 2023
1.94%
31 May 2023 - 30 Jun 2023
1.94%
30 Apr 2023 - 31 May 2023
1.97%
31 Mar 2023 - 30 Apr 2023
1.91%
28 Feb 2023 - 31 Mar 2023
2.00%
31 Jan 2023 - 28 Feb 2023
1.90%
31 Dec 2022 - 31 Jan 2023
1.91%
31 Dec 2022 - 31 Dec 2022
1.91%
31 Dec 2022 - 31 Dec 2022
1.91%
30 Nov 2022 - 31 Dec 2022
1.92%
30 Nov 2022 - 30 Nov 2022
1.92%
30 Nov 2022 - 30 Nov 2022
1.92%
31 Oct 2022 - 30 Nov 2022
1.95%
31 Oct 2022 - 31 Oct 2022
1.95%
31 Oct 2022 - 31 Oct 2022
1.95%
30 Sep 2022 - 31 Oct 2022
1.96%
30 Sep 2022 - 30 Sep 2022
1.96%
30 Sep 2022 - 30 Sep 2022
1.96%
31 Aug 2022 - 30 Sep 2022
1.91%
31 Aug 2022 - 31 Aug 2022
1.91%
31 Jul 2022 - 31 Aug 2022
2.02%
31 Jul 2022 - 31 Jul 2022
2.02%
30 Jun 2022 - 31 Jul 2022
1.94%
30 Jun 2022 - 30 Jun 2022
1.94%
30 Jun 2022 - 30 Jun 2022
1.94%
31 May 2022 - 30 Jun 2022
1.94%
31 May 2022 - 31 May 2022
1.94%
30 Apr 2022 - 31 May 2022
2.09%
30 Apr 2022 - 30 Apr 2022
2.09%
30 Apr 2022 - 30 Apr 2022
2.09%
30 Apr 2022 - 30 Apr 2022
2.09%
31 Mar 2022 - 30 Apr 2022
2.25%
31 Mar 2022 - 31 Mar 2022
2.25%
28 Feb 2022 - 31 Mar 2022
2.25%
28 Feb 2022 - 28 Feb 2022
2.25%
31 Jan 2022 - 28 Feb 2022
2.00%
31 Dec 2021 - 31 Jan 2022
1.96%
30 Nov 2021 - 31 Dec 2021
2.11%
31 Oct 2021 - 30 Nov 2021
1.96%
30 Sep 2021 - 31 Oct 2021
1.97%
31 Aug 2021 - 30 Sep 2021
1.97%
31 Jul 2021 - 31 Aug 2021
2.12%
30 Jun 2021 - 31 Jul 2021
2.11%
31 May 2021 - 30 Jun 2021
2.18%
30 Apr 2021 - 31 May 2021
2.21%
31 Mar 2021 - 30 Apr 2021
2.20%
28 Feb 2021 - 31 Mar 2021
2.23%
31 Jan 2021 - 28 Feb 2021
2.30%
31 Dec 2020 - 31 Jan 2021
2.34%
30 Nov 2020 - 31 Dec 2020
2.26%
31 Oct 2020 - 30 Nov 2020
2.13%
30 Sep 2020 - 31 Oct 2020
2.30%
31 Aug 2020 - 30 Sep 2020
2.13%
31 Jul 2020 - 31 Aug 2020
2.14%
30 Jun 2020 - 31 Jul 2020
2.21%
31 May 2020 - 30 Jun 2020
2.41%
30 Apr 2020 - 31 May 2020
2.39%
31 Mar 2020 - 30 Apr 2020
2.37%
29 Feb 2020 - 31 Mar 2020
2.42%
31 Jan 2020 - 29 Feb 2020
2.34%
31 Dec 2019 - 31 Jan 2020
2.37%
30 Nov 2019 - 31 Dec 2019
2.38%
31 Oct 2019 - 30 Nov 2019
2.44%
30 Sep 2019 - 31 Oct 2019
2.44%
31 Aug 2019 - 30 Sep 2019
2.47%
31 Jul 2019 - 31 Aug 2019
2.60%
30 Jun 2019 - 31 Jul 2019
2.42%
31 May 2019 - 30 Jun 2019
2.45%
30 Apr 2019 - 31 May 2019
2.49%
31 Mar 2019 - 30 Apr 2019
2.42%
28 Feb 2019 - 31 Mar 2019
2.47%
31 Jan 2019 - 28 Feb 2019
2.47%
31 Dec 2018 - 31 Jan 2019
2.67%
30 Nov 2018 - 31 Dec 2018
2.53%
31 Oct 2018 - 30 Nov 2018
2.77%
30 Sep 2018 - 31 Oct 2018
2.90%
31 Aug 2018 - 30 Sep 2018
2.95%
31 Jul 2018 - 31 Aug 2018
2.87%
30 Jun 2018 - 31 Jul 2018
2.70%
31 May 2018 - 30 Jun 2018
2.45%
30 Apr 2018 - 31 May 2018
2.46%
31 Mar 2018 - 30 Apr 2018
2.47%
28 Feb 2018 - 31 Mar 2018
2.46%
31 Jan 2018 - 28 Feb 2018
2.45%
31 Dec 2017 - 31 Jan 2018
2.46%
30 Nov 2017 - 31 Dec 2017
2.46%
31 Oct 2017 - 30 Nov 2017
2.47%
Expense ratio, exit load and taxExpense ratio: 1.93%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 terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementMohit 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
SBI Bluechip Direct Plan Growth
SBI Equity Hybrid Fund Direct Plan Growth
SBI Dynamic Bond Direct Plan Growth
SBI Infrastructure Fund Direct Growth
SBI Magnum COMMA Fund Direct Growth
SBI Magnum Equity ESG Fund Direct Plan Growth
SBI Magnum Global Direct Plan Growth
SBI Magnum Income Direct Plan Growth
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SBI Flexicap Fund Direct Growth
SBI Large & Midcap Fund Direct Plan Growth
SBI Focused Equity Fund Direct Plan Growth
SBI Healthcare Opportunities Fund Direct Plan Growth
SBI Gold Direct Plan Growth
SBI Credit Risk Fund Direct Growth
SBI Magnum Low Duration Fund Direct Plan Growth
SBI Short Term Debt Fund Direct Growth
SBI Savings Fund Direct Growth
SBI Magnum Medium Duration Fund Direct Growth
SBI Nifty Index Direct Plan Growth
SBI Magnum Ultra Short Duration Fund Direct Growth
SBI Contra Direct Plan Growth
SBI Conservative Hybrid Fund Direct Growth
SBI Multi Asset Allocation Fund Direct Growth
SBI Consumption Opportunities Fund Direct Growth
SBI Technology Opportunities Fund Direct Growth
SBI Small Cap Fund Direct Growth
SBI Banking and PSU Fund Direct Growth
SBI Banking & Financial Services Fund Direct Growth
SBI Dynamic Asset Allocation Fund Direct Growth
SBI Equity Savings Fund Direct Growth
SBI Corporate Bond Fund Direct Growth
SBI Equity Minimum Variance Fund Direct Growth
SBI Magnum Children's Benefit Fund Investment Plan Direct Growth
SBI Floating Rate Debt Fund Direct Growth
SBI Retirement Benefit Fund Aggressive Plan Direct Growth
SBI Retirement Benefit Fund Aggressive Hybrid Plan Direct Growth
SBI Retirement Benefit Fund Conservative Plan Direct Growth
SBI Retirement Benefit Fund Conservative Hybrid Plan Direct Growth
SBI International Access US Equity FoF Direct Growth
SBI Balanced Advantage Fund Direct Growth
SBI Multicap Fund Direct Growth
SBI Long Duration Fund Direct Growth
SBI Dividend Yield Fund Direct Growth
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
SBI Banking & Financial Services Fund Direct Growth
Fund house & investment objective
SBI Mutual Fund
Rank (total assets)#1 in India
Total AUM₹8,21,488.86Cr
Date of Incorporation29 Jun 1987
 SBI Banking & Financial Services Fund Regular IDCW 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 Regular IDCW fund. The fund currently has an Asset Under Management(AUM) of ₹8,21,489 Cr and the Latest NAV as of 28 Nov 2023 is ₹26.00.
The SBI Banking & Financial Services Fund Regular IDCW is rated Very High risk. Minimum SIP Investment is set to ₹500. Exit load of 0.50% if redeemed within 30 days.
;
Investment ObjectiveThe 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.
;
Fund benchmarkNIFTY Financial Services Total Return Index
Scheme Information Document(SID)
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
Website
www.sbimf.com
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 Regular IDCW
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	8.6%	12.9%	12.8%	12.9%
Category average	9.2%	17.6%	12.1%	NA
Rank with in category	13	21	6	NA

Name	Sector	Instrument	Assets
ICICI Bank Ltd.	Financial	Equity	18.3%
HDFC Bank Ltd.	Financial	Equity	17.8%
Kotak Mahindra Bank Ltd.	Financial	Equity	9.4%
Bajaj Finance Ltd.	Financial	Equity	7.4%
State Bank of India	Financial	Equity	4.8%
HDFC Life Insurance Co Ltd.	Insurance	Equity	4.8%
Karur Vysya Bank Ltd.	Financial	Equity	3.6%
Muthoot Finance Ltd.	Financial	Equity	3.5%
ICICI Lombard General Insurance Company Ltd.	Insurance	Equity	3.3%
HDFC Asset Management Company Ltd.	Financial	Equity	3.3%

Rank (total assets)	#1 in India
Total AUM	₹8,21,488.86Cr

Date of Incorporation	29 Jun 1987

Fund benchmark	NIFTY Financial Services Total Return Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	3
Fund size	₹4,244.70Cr

SBI Banking & Financial Services Fund Regular IDCW

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (24)

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 1.93%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Mohit JainNov 2017 - PresentView details

Milind AgrawalAug 2019 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Mohit Jain
Nov 2017 - Present
View details

Milind Agrawal
Aug 2019 - Present
View details