Average of the yearly returns of a mutual fund over a given period.
Absolute returns
The total return of a mutual fund over a given period.
Returns and rankings
Annualised returns
Absolute returns
Name
3Y
5Y
10Y
All
Fund returns
+22.9%
+14.8%
+19.1%
+14.9%
Category average (Equity Sectoral)
+14.4%
+16.1%
+13.7%
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Rank (Equity Sectoral)
6
6
1
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Understand terms
Expense ratio
A 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.
Tax
A 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 load
A 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 duty
A form of tax payable for the purchase or sale of an asset or security.
Exit Load
07 Jun 2021
Exit load of 0.50% if redeemed within 30 days.
18 May 2015
Exit load of 1% if redeemed within 12 months.
11 Feb 2015
Exit load of 2% if redeemed within 12 months and 1% if redeemed after 12 months but within 18 months.
Exit load, stamp duty and tax
Exit load
Exit load of 0.50% if redeemed within 30 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
MA
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.
About SBI Banking & Financial Services Fund Growth
SBI Banking & Financial Services Fund Growth is a Equity Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Milind Agrawal is the Current Fund Manager of SBI Banking & Financial Services Fund Growth fund. The fund currently has an Asset Under Management(AUM) of ₹12,60,926 Cr and the Latest NAV as of 28 Feb 2026 is ₹46.08.
The SBI Banking & Financial Services Fund Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. Exit load of 0.50% if redeemed within 30 days.
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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 companies engaged in banking and financial services.
Fund benchmarkNIFTY Financial Services Total Return Index