|Min SIP Amount||₹500|
|NAV||₹1113.22 (23 Oct 2020)|
|Fund Started||07 Jan 2013|
|Fund Size||₹8,953 Cr|
|Air India Assets Holdings Ltd.||Diversified||Debenture||3.8%|
|State Bank of India||Financial||NCD||3.4%|
|Axis Bank Ltd.||Financial||Bonds/Deb||2.9%|
|National Bank For Agriculture & Rural Development||Financial||NCD||2.3%|
SBI Banking and PSU Fund Direct Dividend 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 Dividend Daily fund.The fund currently has an Asset Under Management(AUM) of ₹8,953 Cr and the Latest NAV as of 23 Oct 2020 is ₹1113.22.
The SBI Banking and PSU Fund Direct Dividend 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.