How to Invest in SBI Banking and PSU Fund Direct IDCW Daily?

You can easily invest in SBI Banking and PSU Fund Direct IDCW Daily in a hassle-free manner on Groww. The process is extremely simple, quick and completely paperless. Invest in a few minutes with the following steps: Log on to your Groww account Search for SBI Banking and PSU Fund Direct IDCW Daily from the search box In order to invest, you will have to complete all the KYC formalities which are completely online and paperless and take a few minutes to complete Once you are done with that, you can start investing in SBI Banking and PSU Fund Direct IDCW Daily as SIP or lumpsum as per your investment objective and risk tolerance

What kind of returns does SBI Banking and PSU Fund Direct IDCW Daily provide?

The SBI Banking and PSU Fund Direct IDCW Daily has been there from 07 Jan 2013 and the average annual returns provided by this fund is 6.85% since its inception.

How much expense ratio is charged by SBI Banking and PSU Fund Direct IDCW Daily?

The term Expense Ratio used for SBI Banking and PSU Fund Direct IDCW Daily or any other mutual fund is the annual charges one needs to pay to the Mutual Fund company for managing your investments in that fund. The Expense Ratio of SBI Banking and PSU Fund Direct IDCW Daily is 0.34% as of 11 Dec 2023...

What is the AUM of SBI Banking and PSU Fund Direct IDCW Daily?

The AUM, short for Assets Under Management of SBI Banking and PSU Fund Direct IDCW Daily is ₹4,450.61Cr as of 11 Dec 2023.

How to Redeem SBI Banking and PSU Fund Direct IDCW Daily?

If you want to sell your SBI Banking and PSU Fund Direct IDCW Daily holdings, go to your holding on the app or web and simply click on it. You will get two options - redeem & invest more; click on redeem and enter your desired amount or if you wish to redeem the entire holding amount then select the 'redeem all' checkbox.

Can I invest in SIP and Lump Sum of SBI Banking and PSU Fund Direct IDCW Daily?

You can select either SIP or Lumpsum investment of SBI Banking and PSU Fund Direct IDCW Daily based on your investment objective and risk tolerance.

What is the NAV of SBI Banking and PSU Fund Direct IDCW Daily?

The NAV of SBI Banking and PSU Fund Direct IDCW Daily is ₹1,279.79 as of 08 Dec 2023.

What is the PE and PB ratio of SBI Banking and PSU Fund Direct IDCW Daily?

The PE ratio ratio of SBI Banking and PSU Fund Direct IDCW Daily is determined by dividing the market price by its earnings per share and the PB ratio of the same is evaluated by dividing the stock price per share by its book value per share (BVPS).

SBI Banking and PSU Fund Direct IDCW Daily - NAV, Mutual Fund Performance & Portfolio

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SBI Banking and PSU Fund Direct IDCW Daily
Debt
Banking and PSU
Moderate Risk
4.37%
3Y annualised
+0.02% 1D
1M
6M
1Y
3Y
5Y
All
 NAV: 08 Dec 2023₹1,279.79
Min. SIP amountNot Supported
Rating2
Fund size₹4,450.61Cr
Return calculator
Monthly SIP
One-Time
₹5,000 per month
Over the past
Total investment of ₹0
Would have become ₹ (%)
Understand termsAnnualised returnsAverage of the yearly returns of a mutual fund over a given period.
Absolute returnsThe total return of a mutual fund over a given period.
Returns and rankingsCategory: Debt Banking and PSU
Annualised returns
Absolute returns
1Y3Y5YAll
Fund returns6.8%4.4%6.9%7.9%
Category average6.4%4.4%6.6%NA
Rank with in category101611NA
Understand terms
Holdings (52)NameSectorInstrumentAssets
National Bank For Agriculture & Rural Development
FinancialDebenture5.9%
GOI
SovereignGOI Sec4.6%
Nuclear Power Corpn. Of India Ltd.
EnergyNCD4.6%
Axis Bank Ltd.
FinancialDebenture3.9%
Indian Railway Finance Corporation Ltd.
FinancialDebenture3.9%
Power Finance Corporation Ltd.
FinancialDebenture3.8%
HDFC Bank Ltd.
FinancialDebenture3.4%
Power Finance Corporation Ltd.
FinancialDebenture3.4%
REC Ltd.
FinancialDebenture3.4%
GAIL (India) Ltd.
EnergyDebenture3.3%
See All
DisclaimerThis content is derived from publicly available information, internal sources, and other third-party sources believed to be reliable. We, at Nextbillion Technology Pvt. Ltd. (Groww), do not guarantee the accuracy of such information, or assure its completeness, or warrant that such information will not be changed.
All comparisons are done with the category average metrics for this category.
Pros and cons
Category: Debt Banking and PSU
Pros
Cons
Exit load is zero
3Y annualised returns lower than category average by 0.02%
Lower expense ratio: 0.34%
Low rating: 2
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
1Y, 5Y and 10Y annualised returns higher than category average
Understand termsExpense ratioA 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.
TaxA 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 loadA 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 dutyA form of tax payable for the purchase or sale of an asset or security. 
Past expense ratio & exit load
Expense ratio
Exit load
03 Dec 2023 - Present
0.34%
02 Dec 2023 - 03 Dec 2023
0.34%
01 Dec 2023 - 02 Dec 2023
0.34%
30 Nov 2023 - 01 Dec 2023
0.34%
29 Nov 2023 - 30 Nov 2023
0.34%
28 Nov 2023 - 29 Nov 2023
0.34%
27 Nov 2023 - 28 Nov 2023
0.34%
26 Nov 2023 - 27 Nov 2023
0.34%
25 Nov 2023 - 26 Nov 2023
0.34%
24 Nov 2023 - 25 Nov 2023
0.34%
23 Nov 2023 - 24 Nov 2023
0.34%
22 Nov 2023 - 23 Nov 2023
0.34%
21 Nov 2023 - 22 Nov 2023
0.34%
20 Nov 2023 - 21 Nov 2023
0.34%
19 Nov 2023 - 20 Nov 2023
0.34%
18 Nov 2023 - 19 Nov 2023
0.34%
17 Nov 2023 - 18 Nov 2023
0.34%
16 Nov 2023 - 17 Nov 2023
0.34%
15 Nov 2023 - 16 Nov 2023
0.34%
14 Nov 2023 - 15 Nov 2023
0.34%
13 Nov 2023 - 14 Nov 2023
0.34%
12 Nov 2023 - 13 Nov 2023
0.34%
11 Nov 2023 - 12 Nov 2023
0.34%
10 Nov 2023 - 11 Nov 2023
0.34%
09 Nov 2023 - 10 Nov 2023
0.34%
08 Nov 2023 - 09 Nov 2023
0.34%
07 Nov 2023 - 08 Nov 2023
0.34%
06 Nov 2023 - 07 Nov 2023
0.34%
05 Nov 2023 - 06 Nov 2023
0.34%
04 Nov 2023 - 05 Nov 2023
0.34%
03 Nov 2023 - 04 Nov 2023
0.34%
02 Nov 2023 - 03 Nov 2023
0.34%
01 Nov 2023 - 02 Nov 2023
0.34%
31 Oct 2023 - 01 Nov 2023
0.34%
30 Oct 2023 - 31 Oct 2023
0.34%
29 Oct 2023 - 30 Oct 2023
0.34%
28 Oct 2023 - 29 Oct 2023
0.34%
27 Oct 2023 - 28 Oct 2023
0.34%
26 Oct 2023 - 27 Oct 2023
0.34%
25 Oct 2023 - 26 Oct 2023
0.34%
24 Oct 2023 - 25 Oct 2023
0.34%
23 Oct 2023 - 24 Oct 2023
0.34%
22 Oct 2023 - 23 Oct 2023
0.34%
21 Oct 2023 - 22 Oct 2023
0.34%
20 Oct 2023 - 21 Oct 2023
0.34%
19 Oct 2023 - 20 Oct 2023
0.34%
18 Oct 2023 - 19 Oct 2023
0.34%
17 Oct 2023 - 18 Oct 2023
0.34%
16 Oct 2023 - 17 Oct 2023
0.77%
15 Oct 2023 - 16 Oct 2023
0.34%
14 Oct 2023 - 15 Oct 2023
0.34%
13 Oct 2023 - 14 Oct 2023
0.34%
12 Oct 2023 - 13 Oct 2023
0.34%
11 Oct 2023 - 12 Oct 2023
0.34%
10 Oct 2023 - 11 Oct 2023
0.34%
09 Oct 2023 - 10 Oct 2023
0.34%
08 Oct 2023 - 09 Oct 2023
0.34%
07 Oct 2023 - 08 Oct 2023
0.34%
06 Oct 2023 - 07 Oct 2023
0.34%
05 Oct 2023 - 06 Oct 2023
0.34%
04 Oct 2023 - 05 Oct 2023
0.34%
03 Oct 2023 - 04 Oct 2023
0.34%
02 Oct 2023 - 03 Oct 2023
0.34%
01 Oct 2023 - 02 Oct 2023
0.34%
30 Sep 2023 - 01 Oct 2023
0.34%
29 Sep 2023 - 30 Sep 2023
0.34%
28 Sep 2023 - 29 Sep 2023
0.34%
27 Sep 2023 - 28 Sep 2023
0.34%
26 Sep 2023 - 27 Sep 2023
0.34%
25 Sep 2023 - 26 Sep 2023
0.34%
24 Sep 2023 - 25 Sep 2023
0.34%
23 Sep 2023 - 24 Sep 2023
0.34%
22 Sep 2023 - 23 Sep 2023
0.34%
21 Sep 2023 - 22 Sep 2023
0.34%
20 Sep 2023 - 21 Sep 2023
0.34%
19 Sep 2023 - 20 Sep 2023
0.34%
18 Sep 2023 - 19 Sep 2023
0.34%
17 Sep 2023 - 18 Sep 2023
0.34%
16 Sep 2023 - 17 Sep 2023
0.34%
15 Sep 2023 - 16 Sep 2023
0.34%
14 Sep 2023 - 15 Sep 2023
0.34%
13 Sep 2023 - 14 Sep 2023
0.34%
12 Sep 2023 - 13 Sep 2023
0.34%
11 Sep 2023 - 12 Sep 2023
0.34%
10 Sep 2023 - 11 Sep 2023
0.34%
09 Sep 2023 - 10 Sep 2023
0.34%
08 Sep 2023 - 09 Sep 2023
0.34%
07 Sep 2023 - 08 Sep 2023
0.34%
06 Sep 2023 - 07 Sep 2023
0.34%
05 Sep 2023 - 06 Sep 2023
0.34%
04 Sep 2023 - 05 Sep 2023
0.34%
03 Sep 2023 - 04 Sep 2023
0.34%
02 Sep 2023 - 03 Sep 2023
0.34%
01 Sep 2023 - 02 Sep 2023
0.34%
31 Aug 2023 - 01 Sep 2023
0.34%
31 Jul 2023 - 31 Aug 2023
0.34%
30 Jun 2023 - 31 Jul 2023
0.34%
31 May 2023 - 30 Jun 2023
0.34%
30 Apr 2023 - 31 May 2023
0.34%
31 Mar 2023 - 30 Apr 2023
0.34%
28 Feb 2023 - 31 Mar 2023
0.35%
31 Jan 2023 - 28 Feb 2023
0.34%
31 Dec 2022 - 31 Jan 2023
0.35%
31 Dec 2022 - 31 Dec 2022
0.35%
31 Dec 2022 - 31 Dec 2022
0.35%
30 Nov 2022 - 31 Dec 2022
0.33%
30 Nov 2022 - 30 Nov 2022
0.33%
30 Nov 2022 - 30 Nov 2022
0.33%
31 Oct 2022 - 30 Nov 2022
0.34%
31 Oct 2022 - 31 Oct 2022
0.34%
31 Oct 2022 - 31 Oct 2022
0.34%
30 Sep 2022 - 31 Oct 2022
0.34%
30 Sep 2022 - 30 Sep 2022
0.34%
30 Sep 2022 - 30 Sep 2022
0.34%
31 Aug 2022 - 30 Sep 2022
0.34%
31 Aug 2022 - 31 Aug 2022
0.34%
31 Jul 2022 - 31 Aug 2022
0.35%
31 Jul 2022 - 31 Jul 2022
0.35%
30 Jun 2022 - 31 Jul 2022
0.35%
30 Jun 2022 - 30 Jun 2022
0.35%
31 May 2022 - 30 Jun 2022
0.35%
31 May 2022 - 31 May 2022
0.35%
30 Apr 2022 - 31 May 2022
0.35%
30 Apr 2022 - 30 Apr 2022
0.35%
31 Mar 2022 - 30 Apr 2022
0.35%
31 Mar 2022 - 31 Mar 2022
0.35%
28 Feb 2022 - 31 Mar 2022
0.34%
28 Feb 2022 - 28 Feb 2022
0.34%
31 Jan 2022 - 28 Feb 2022
0.34%
31 Dec 2021 - 31 Jan 2022
0.34%
30 Nov 2021 - 31 Dec 2021
0.35%
31 Oct 2021 - 30 Nov 2021
0.34%
31 Aug 2021 - 31 Oct 2021
0.34%
31 Jul 2021 - 31 Aug 2021
0.34%
30 Jun 2021 - 31 Jul 2021
0.34%
31 May 2021 - 30 Jun 2021
0.34%
30 Apr 2021 - 31 May 2021
0.34%
31 Mar 2021 - 30 Apr 2021
0.33%
28 Feb 2021 - 31 Mar 2021
0.34%
31 Jan 2021 - 28 Feb 2021
0.34%
31 Dec 2020 - 31 Jan 2021
0.34%
30 Nov 2020 - 31 Dec 2020
0.34%
31 Oct 2020 - 30 Nov 2020
0.34%
30 Sep 2020 - 31 Oct 2020
0.33%
31 Aug 2020 - 30 Sep 2020
0.34%
31 Jul 2020 - 31 Aug 2020
0.34%
30 Jun 2020 - 31 Jul 2020
0.34%
31 May 2020 - 30 Jun 2020
0.34%
30 Apr 2020 - 31 May 2020
0.34%
31 Mar 2020 - 30 Apr 2020
0.34%
29 Feb 2020 - 31 Mar 2020
0.34%
31 Jan 2020 - 29 Feb 2020
0.34%
31 Dec 2019 - 31 Jan 2020
0.34%
30 Nov 2019 - 31 Dec 2019
0.33%
31 Oct 2019 - 30 Nov 2019
0.34%
30 Sep 2019 - 31 Oct 2019
0.34%
31 Aug 2019 - 30 Sep 2019
0.34%
31 Jul 2019 - 31 Aug 2019
0.34%
30 Jun 2019 - 31 Jul 2019
0.34%
31 May 2019 - 30 Jun 2019
0.34%
30 Apr 2019 - 31 May 2019
0.36%
31 Mar 2019 - 30 Apr 2019
0.36%
28 Feb 2019 - 31 Mar 2019
0.30%
31 Jan 2019 - 28 Feb 2019
0.31%
31 Dec 2018 - 31 Jan 2019
0.28%
30 Nov 2018 - 31 Dec 2018
0.30%
31 Oct 2018 - 30 Nov 2018
0.32%
30 Sep 2018 - 31 Oct 2018
0.32%
31 Aug 2018 - 30 Sep 2018
0.33%
31 Jul 2018 - 31 Aug 2018
0.33%
30 Jun 2018 - 31 Jul 2018
0.33%
31 May 2018 - 30 Jun 2018
0.30%
30 Apr 2018 - 31 May 2018
0.30%
31 Mar 2018 - 30 Apr 2018
0.30%
28 Feb 2018 - 31 Mar 2018
0.30%
31 Jan 2018 - 28 Feb 2018
0.30%
31 Dec 2017 - 31 Jan 2018
0.30%
30 Nov 2017 - 31 Dec 2017
0.30%
31 Oct 2017 - 30 Nov 2017
0.31%
Expense ratio, exit load and taxExpense ratio: 0.34%Inclusive of GST
Exit loadNil
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed as per your Income Tax slab.
Understand terms
Check past data
Minimum investment amountsMin. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported
Fund managementRajeev Radhakrishnan
Nov 2013 - Present
View details
Education
Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.
Experience
Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
Also manages these schemes
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SBI Dual Advantage Fund Series XXV Direct Growth
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SBI Capital Protection Oriented Fund Series A (Plan 3) Direct Growth
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Ardhendu Bhattacharya
Dec 2023 - Present
View details
Education
Mr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering.
Experience
Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.
Also manages these schemes
SBI Magnum Ultra Short Duration Fund Direct Growth
SBI Banking and PSU Fund Direct Growth
SBI Corporate Bond Fund Direct Growth
SBI Floating Rate Debt Fund Direct Growth
SBI Retirement Benefit Fund Aggressive Plan Direct Growth
SBI Retirement Benefit Fund Aggressive Hybrid Plan Direct Growth
SBI Retirement Benefit Fund Conservative Plan Direct Growth
SBI Retirement Benefit Fund Conservative Hybrid Plan Direct Growth
Pradeep Kesavan
Dec 2023 - Present
View details
Also manages these schemes
SBI Equity Hybrid Fund Direct Plan Growth
SBI Dynamic Bond Direct Plan Growth
SBI Magnum Income Direct Plan Growth
SBI Credit Risk Fund Direct Growth
SBI Magnum Low Duration Fund Direct Plan Growth
SBI Short Term Debt Fund Direct Growth
SBI Savings Fund Direct Growth
SBI Magnum Medium Duration Fund Direct Growth
SBI Magnum Ultra Short Duration Fund Direct Growth
SBI Multi Asset Allocation Fund Direct Growth
SBI Banking and PSU Fund Direct Growth
SBI Corporate Bond Fund Direct Growth
SBI Floating Rate Debt Fund Direct Growth
SBI Retirement Benefit Fund Aggressive Plan Direct Growth
SBI Retirement Benefit Fund Aggressive Hybrid Plan Direct Growth
SBI Retirement Benefit Fund Conservative Plan Direct Growth
SBI Retirement Benefit Fund Conservative Hybrid Plan Direct Growth
SBI Balanced Advantage Fund Direct Growth
Fund house & investment objective
SBI Mutual Fund
Rank (total assets)#1 in India
Total AUM₹8,48,648.69Cr
Date of Incorporation29 Jun 1987
 SBI Banking and PSU Fund Direct IDCW Daily is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 29 Jun 1987. Rajiv Radhakrishnan is the Current Fund Manager of SBI Banking and PSU Fund Direct IDCW Daily fund. The fund currently has an Asset Under Management(AUM) of ₹8,48,649 Cr and the Latest NAV as of 08 Dec 2023 is ₹1,279.79.
The SBI Banking and PSU Fund Direct IDCW Daily is rated Moderate risk. Minimum SIP Investment is set to ₹500.
;
Investment ObjectiveThe 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.
;
Fund benchmarkNIFTY Banking and PSU Debt Index
Scheme Information Document(SID)
Fund house contact details
Address
9th Floor-Crescenzo, C-38 & 39-G Block, Bandra-Kurla Complex,Bandra (East) Mumbai 400051
Phone
022-61793000 / 1800-425-5425
Launch Date
29 Jun 1987
E-mail
NA
Website
www.sbimf.com
SBI Mutual Fund
Asset Management Company
Custodian
SBI SG Global Securities Services Pvt.Ltd.
Registrar & Transfer Agent
Cams
Address
7th Floor, Tower II, Rayala Towers, 158, Anna Salai,
Email
[email protected]
Website
www.camsonline.com
Compare funds
SBI Banking and PSU Fund Direct IDCW Daily
VS
Add mutual fund to compare

	1Y	3Y	5Y	All
Fund returns	6.8%	4.4%	6.9%	7.9%
Category average	6.4%	4.4%	6.6%	NA
Rank with in category	10	16	11	NA

Name	Sector	Instrument	Assets
National Bank For Agriculture & Rural Development	Financial	Debenture	5.9%
GOI	Sovereign	GOI Sec	4.6%
Nuclear Power Corpn. Of India Ltd.	Energy	NCD	4.6%
Axis Bank Ltd.	Financial	Debenture	3.9%
Indian Railway Finance Corporation Ltd.	Financial	Debenture	3.9%
Power Finance Corporation Ltd.	Financial	Debenture	3.8%
HDFC Bank Ltd.	Financial	Debenture	3.4%
Power Finance Corporation Ltd.	Financial	Debenture	3.4%
REC Ltd.	Financial	Debenture	3.4%
GAIL (India) Ltd.	Energy	Debenture	3.3%

Rank (total assets)	#1 in India
Total AUM	₹8,48,648.69Cr

Date of Incorporation	29 Jun 1987

Fund benchmark	NIFTY Banking and PSU Debt Index

Vaishnavi Tech Park, 3rd & 4th Floor
Sarjapur Main Road, Bellandur
Bengaluru – 560103
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Min. for 1st investment	Not Supported
Min. for 2nd investment onwards	Not Supported

Rating	2
Fund size	₹4,450.61Cr

SBI Banking and PSU Fund Direct IDCW Daily

Return calculator

Understand terms

Annualised returns

Absolute returns

Returns and rankings

Holdings (52)

Disclaimer

Pros and cons

Pros

Cons

Understand terms

Expense ratio

Tax

Exit load

Stamp duty

Past expense ratio & exit load

Expense ratio, exit load and tax

Expense ratio: 0.34%

Exit load

Stamp duty

Tax implication

Minimum investment amounts

Fund management

Rajeev RadhakrishnanNov 2013 - PresentView details

Ardhendu BhattacharyaDec 2023 - PresentView details

Pradeep KesavanDec 2023 - PresentView details

Fund house & investment objective

Fund house contact details

Compare funds

Rajeev Radhakrishnan
Nov 2013 - Present
View details

Ardhendu Bhattacharya
Dec 2023 - Present
View details

Pradeep Kesavan
Dec 2023 - Present
View details