|Min SIP Amount||₹500|
|NAV||₹1128.04 (12 May 2021)|
|Fund Started||09 Oct 2009|
|Fund Size||₹14,391 Cr|
SBI Banking and PSU Fund IDCW Daily is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 09 Oct 2009. Rajiv Radhakrishnan is the Current Fund Manager of SBI Banking and PSU Fund IDCW Daily fund.The fund currently has an Asset Under Management(AUM) of ₹14,391 Cr and the Latest NAV as of 12 May 2021 is ₹1128.04.
The SBI Banking and PSU Fund IDCW Daily is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.