Risk | High |
---|---|
Min SIP Amount | ₹500 |
Expense Ratio | 2.26% |
NAV | ₹21.64 (21 Jan 2021) |
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Fund Started | 26 Feb 2015 |
Fund Size | ₹2,095 Cr |
Name | Sector | Instrument | % Assets |
---|---|---|---|
HDFC Bank Ltd. | Financial | Equity | 25.6% |
ICICI Bank Ltd. | Financial | Equity | 14.2% |
Kotak Mahindra Bank Ltd. | Financial | Equity | 11.1% |
State Bank of India | Financial | Equity | 9.6% |
Axis Bank Ltd. | Financial | Equity | 9.1% |
ICICI Lombard General Insurance Company Ltd. | Financial | Equity | 4.4% |
Muthoot Finance Ltd. | Financial | Equity | 3.4% |
Mahindra & Mahindra Financial Services Ltd. | Financial | Equity | 3.3% |
Cholamandalam Investment & Finance Co. Ltd. | Financial | Equity | 3.1% |
ICICI Prudential Life Insurance Company Ltd. | Financial | Equity | 2.3% |
SBI Banking & Financial Services Fund Regular 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 Regular Growth fund.The fund currently has an Asset Under Management(AUM) of ₹2,095 Cr and the Latest NAV as of 21 Jan 2021 is ₹21.64.
The SBI Banking & Financial Services Fund Regular 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.