|Risk||Low to Moderate|
|Min SIP Amount||₹500|
|NAV||₹2560.75 (16 Apr 2021)|
|Fund Started||07 Jan 2013|
|Fund Size||₹14,480 Cr|
SBI Banking and PSU Fund Direct Growth 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 Growth fund.The fund currently has an Asset Under Management(AUM) of ₹14,480 Cr and the Latest NAV as of 16 Apr 2021 is ₹2560.75.
The SBI Banking and PSU Fund Direct Growth is rated Low to 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.