Fund Details
SBI Banking and PSU Fund Direct IDCW Daily
| Risk | Moderate |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.34% |
| NAV | ₹1135.52 (12 May 2021) |
|---|---|
| Fund Started | 07 Jan 2013 |
| Fund Size | ₹14,391 Cr |
Returns
Comparison
1. Lower expense ratio - 0.34%
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
4. Exit load is zero
1. 1Y Returns are lower than the category average returns
Fund Managers
SBI Banking and PSU Fund Direct IDCW Daily Details
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 07 Jan 2013. 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 ₹14,391 Cr and the Latest NAV as of 12 May 2021 is ₹1135.52.
The SBI Banking and PSU Fund Direct IDCW Daily is rated Moderate risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 5000.
Investment Objective
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.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
