SBI Banking and PSU Fund Direct Dividend Weekly is a Debt Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was introduced to investors on 07 Jan 2013. Rajiv Radhakrishnan is the Current Fund Manager of SBI Banking and PSU Fund Direct Dividend Weekly.The fund currently has an Asset Under Management(AUM) of ₹3,423 Cr and the Latest NAV as of 23 Jan 2020 is ₹1036.99.
The SBI Banking and PSU Fund Direct Dividend Weekly is rated Moderate risk. Minimum SIP Investment is 500. Nil.
The scheme seeks to generate regular income through a judicious mix of portfolio comprising, predominantly of money market instruments and short term debt securities with a residual maturity of up to three years. However, there is no assurance that the investment objective of the scheme will be realized and the scheme does not assure or guarantee any returns.
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
Min for First Investment
Min for Second Investment