|Min SIP Amount||₹500|
|NAV||₹17.94 (26 Nov 2020)|
|Fund Started||26 Feb 2015|
|Fund Size||₹1,665 Cr|
|HDFC Bank Ltd.||Financial||Equity||26.5%|
|ICICI Bank Ltd.||Financial||Equity||13.2%|
|Kotak Mahindra Bank Ltd.||Financial||Equity||10.8%|
|Axis Bank Ltd.||Financial||Equity||9.1%|
|State Bank of India||Financial||Equity||5.5%|
|ICICI Lombard General Insurance Company Ltd.||Financial||Equity||4.5%|
|Cholamandalam Investment & Finance Co. Ltd.||Financial||Equity||2.8%|
|Muthoot Finance Ltd.||Financial||Equity||2.7%|
|ICICI Prudential Life Insurance Company Ltd.||Financial||Equity||2.4%|
|Mahindra & Mahindra Financial Services Ltd.||Financial||Equity||2.3%|
SBI Banking & Financial Services Fund Regular Dividend 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 Regular Dividend fund.The fund currently has an Asset Under Management(AUM) of ₹1,665 Cr and the Latest NAV as of 26 Nov 2020 is ₹17.94.
The SBI Banking & Financial Services Fund Regular Dividend 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.