|Min SIP Amount||Not Supported|
|NAV||₹1150.25 (12 May 2021)|
|Fund Started||08 Aug 2014|
|Fund Size||₹14,391 Cr|
SBI Banking and PSU Fund Direct IDCW Monthly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 08 Aug 2014. Rajiv Radhakrishnan is the Current Fund Manager of SBI Banking and PSU Fund Direct IDCW Monthly fund.The fund currently has an Asset Under Management(AUM) of ₹14,391 Cr and the Latest NAV as of 12 May 2021 is ₹1150.25.
The SBI Banking and PSU Fund Direct IDCW Monthly is rated Moderate risk. Minimum SIP Investment is set to 500.
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.