1M
6M
1Y
3Y
5Y
All
| NAV: 20 Oct 2021 | ₹1,156.62 |
| Min. SIP amount | ₹500 |
| Rating | 2star |
| Fund size | ₹12,202.07 Cr |
Understand terms
Annualised returns
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
Category: Debt Banking and PSU
Annualised returns
Absolute returns
| 1Y | 3Y | 5Y | All | |
|---|---|---|---|---|
| Fund returns | 4.0% | 8.6% | 8.0% | 8.6% |
| Category average | 4.4% | 8.4% | 7.7% | NA |
| Rank with in category | 14 | 12 | NA | NA |
Understand termsinfo
Holdings (92)
| Name | Sector | Instrument | Assets |
|---|---|---|---|
Oil & Natural Gas Corporation Ltd. | Energy | Debenture | 6.2% |
Export-Import Bank Of India | Financial | CD | 4.1% |
Axis Bank Ltd. | Financial | Bonds/Deb | 4.0% |
GOI | Sovereign | GOI Sec | 4.0% |
Madhya Pradesh State | Others | SDL | 3.1% |
National Housing Bank | Financial | Debenture | 3.1% |
Indian Railway Finance Corporation Ltd. | Financial | Debenture | 3.1% |
Air India Assets Holdings Ltd. | Diversified | Debenture | 2.7% |
Indian Bank | Financial | Additional Tier 2 Bo | 2.5% |
Export-Import Bank Of India | Financial | CD | 2.4% |
See All
Disclaimer
This 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
infoCategory: Debt Banking and PSU
thumb_up_alt
Pros
3Y and 5Y annualised returns higher than category average
Exit load is zero
Lower expense ratio: 0.34%
Average credit rating of the fund's holdings: AAA
This fund has holdings of the highest quality
thumb_down_alt
Cons
Low rating: 2
1Y annualised returns lower than category average by 0.45%
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.
Past expense ratio & exit load
Expense ratio
Exit load
31 Aug 2021 - Present
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 tax
Expense ratio: 0.34%
Inclusive of GST
Exit load
Nil
Stamp duty
0.005% (from July 1st, 2020)
Tax implication
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Understand termsinfo
Check past data
Minimum investment amounts
| Min. for 1st investment | ₹5,000 |
| Min. for 2nd investment onwards | ₹1,000 |
| Min. for SIP | ₹500 |
Fund management
Rajeev 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
Mohit Jain
Jan 2020 - Present
View details
Education
Mr. Jain is B.E (Engineering) & CFA (Level III candidate)
Experience
Prior to joining SBI Mutual Fund, he has worked with Crisil Ltd. as a Research Analyst.
Also manages these schemes
Fund house & investment objective
| Rank (total assets) | #1 in India |
|---|---|
| Total AUM | 4,99,821.43 Cr |
| Date of Incorporation | 29 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
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 ₹4,99,821 Cr and the Latest NAV as of 20 Oct 2021 is ₹1,156.62.
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.
...Read more
Investment Objective
The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, P
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.
...Read more
| Fund benchmark | NIFTY Banking and PSU Debt TRI |
|---|
Fund house contact details
Address
9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
Phone
022 - 61793000
Launch Date
29 Jun 1987
E-mail
[email protected]Website
NA
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.comCompare funds
SBI Banking and PSU Fund Direct IDCW Daily
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