Fund Details
SBI Banking & Financial Services Fund Regular Growth
| Risk | High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 2.26% |
| NAV | ₹21.64 (21 Jan 2021) |
|---|---|
| Fund Started | 26 Feb 2015 |
| Fund Size | ₹2,095 Cr |
Fund Overview
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
2. Risk is higher compared to the benchmark
3. Higher expense ratio
4. 1Y Returns are lower than the benchmark
5. 3Y Returns are lower than the benchmark
6. 5Y Returns are lower than the benchmark
7. Risk-adjusted returns are lower compared to the category
8. Higher expense ratio - 2.15%
Top Holdings
| 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% |
Fund Managers
SBI Banking & Financial Services Fund Regular Growth Details
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.
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.
Tax Implications
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.
