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Mutual Fund Publication

SBI Banking and PSU Fund

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Debt: Banking and PSU

1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.27 Lakh

Analyst's Choice?

Suitability:

This is a fund that invests mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions.

Like most other debt fund categories, we believe that retail investors can avoid this one as well. In our opinion, debt funds make sense for retail investors only if they are investing for 3 years or less. For that kind of investment horizon, Liquid Debt funds and Short Term debt funds are much more suitable.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 3 years from the date of investment, gains are taxed at the rate of 20% after providing the benefit of inflation indexation.
  • If the mutual fund units are sold within 3 years from the date of investment, entire amount of gain is added to the investors' income and taxed according to the applicable slab rate.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends paid by the mutual fund scheme are taxed at the rate of 25% (effectively 29.12%, including surcharge and cess). This is known as Dividend Distribution Tax (DDT).Though the investor does not pay this tax directly, it is deducted from the dividend income before passing on to the investor.

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Annual Returns
Quarterly Returns
Monthly Returns
Weekly Returns

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(₹)
cal
cal

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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Fund 2.29 -0.06 0.10 1.35 2.44 4.65 11.37 8.24 8.30 8.57 8.38
CCIL T Bill Liquidity Weight 0.56 0.01 0.01 0.31 0.83 1.79 4.07 4.13 4.44 4.77 4.71
Debt: Banking and PSU 2.06 -0.06 0.08 1.29 2.26 4.47 11.01 7.92 8.15 8.42 8.50
Rank within category 3 12 5 8 7 8 8 -- -- -- --
Number of funds in category 19 19 19 19 19 18 17 15 13 5 3

As on 27-Feb-2020

Best & Worst Performance

Best (Period) Worst (Period)
Week 0.93 (31-Jan-2020 - 07-Feb-2020) -0.71 (04-Dec-2019 - 11-Dec-2019)
Month 1.78 (03-Jul-2019 - 02-Aug-2019) -0.32 (03-Apr-2019 - 03-May-2019)
Quarter 4.28 (09-May-2019 - 08-Aug-2019) 1.17 (08-Dec-2009 - 09-Mar-2010)
Year 11.37 (15-Feb-2019 - 17-Feb-2020) 5.20 (20-Oct-2009 - 20-Oct-2010)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.67 1.41 1.41 3.06 3.16 7.07
CCIL T Bill Liquidity Weight 4.06 0.27 -6.06 -10.48 -- --
Debt: Banking and PSU 7.18 2.04 0.86 1.66 4.66 9.00
Rank within category 5 3 1 2 1 15
Number of funds in category 17 17 17 17 17 17

The Risk Measures have been calculated using calendar month returns for the last three years.

As on 31-Jan-2020

Portfolio Aggregates

Fund 1Y High 1Y Low Category
Number of Securities 52 53 25 68
Modified Duration (yrs) 2.24 3.07 1.65 2.56
Average Maturity (yrs) 2.76 4.00 2.23 3.11
Yield to Maturity (%) 6.75 8.07 6.75 6.75

Value Research Fund Style

Credit Rating vis-à-vis Category

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Top Holdings

Company Instrument Credit Rating 1Y Range % Assets
equal 6.99% Air India Assets Holdings 16/12/2022 Debenture AAA 0.00 - 6.59 6.10
equal 7.32% GOI 28/01/2024 GOI Securities SOV 0.00 - 7.96 5.57
equal 7.89% SIDBI 15/11/2022 Non Convertible Debenture AAA 0.00 - 8.65 4.12
equal ONGC Petro Additions 2021 Debenture AAA 0.00 - 5.09 4.05
down 9.53% Allahabad Bank 27/12/2029 Debenture AA- 0.00 - 4.29 3.80
equal 6.80% HPCL 15/12/2022 Debenture AAA 0.00 - 3.92 3.12
equal 9.20% ICICI Bank 31/12/2050 Bonds AA+ 0.00 - 3.12 2.89
equal 8.45% Power Finance Corp. 2022 Non Convertible Debenture AAA 0.00 - 6.33 2.79
equal HUDCO 13/10/2022 Debenture AAA 0.00 - 3.83 2.72
new ICICI Bank 31/12/2020 Certificate of Deposit A1+ 0.00 - 2.55 2.55
equal 8.50% National Bank Agr. Rur. Devp Debenture AAA 0.00 - 2.75 2.54
equal 8.55% Bank of Baroda 14/02/2029 Non Convertible Debenture AAA 0.00 - 2.98 2.39
equal 8.90% State Bank of India 2028 Non Convertible Debenture AAA 2.29 - 5.21 2.29
equal 7.42% Power Finance Corp. 19/11/2024 Non Convertible Debenture AAA 0.00 - 2.38 2.03
equal HPCL 14/08/2024 Debenture AAA 0.00 - 2.04 1.89
up 8.75% Axis Bank Bonds/Debentures AA+ 0.00 - 1.63 1.63
equal National Housing Bank 22/02/2022 Non Convertible Debenture AAA 1.63 - 3.78 1.63
equal 9.14% Bank of Baroda Bonds AA 1.62 - 3.08 1.62
equal 8.54% REC 15/11/2028 Debenture AAA 1.58 - 6.41 1.58
equal 8.25% IRFC 28/02/2024 Debenture AAA 0.00 - 1.53 1.42
equal 8.60% National Bank Agr. Rur. Devp 31/01/2022 Debenture AAA 1.40 - 3.21 1.40
equal 7.99% State Bank of India 28/06/2029 Non Convertible Debenture AAA 0.00 - 1.51 1.39
equal 7.69% National Bank Agr. Rur. Devp 29/05/2024 Non Convertible Debenture AAA 0.00 - 2.87 1.38
equal 7.34% Power Grid Corporation 15/07/2024 Bonds/NCDs AAA 0.00 - 2.58 1.37
equal 7.35% Power Finance Corp. 22/11/2022 Debenture AAA 0.00 - 1.91 1.36

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jan-2020

Fund Manager

— Rajeev Radhakrishnan since 16-Nov-2013

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.

Funds Managed:

Invest Online
-0.06%

Change from previous, NAV as on 27-Feb-2020

Growth: ₹ 2,279.1421

Dividend Weekly: ₹ 1,045.2635

More

Dividend Monthly: ₹ 1,114.0594

Dividend Daily: ₹ 1,046.0888

Investment Strategy

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.

Investment Details

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 5,000
Minimum Balance (₹) 1,000
Exit Load 0

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 09-Oct-2009
Return Since Launch: 8.25%
Benchmark: NIFTY Banking and PSU Debt TRI
Riskometer: Moderate
Type: Open-ended
Assets: ₹ 3,713 Cr (As on 31-Jan-2020)
Expense: 0.81% (As on 31-Jan-2020)
Risk Grade: Above Average
Return Grade: Below Average

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend Daily26-Feb-20200.1567

 25-Feb-20200.1340
 24-Feb-20200.1325
 20-Feb-20200.6259
 18-Feb-20200.2649
 17-Feb-20200.1326
 14-Feb-20200.3911
 13-Feb-20200.1496
 12-Feb-20200.1359
 11-Feb-20200.1360
 10-Feb-20200.1379
 07-Feb-20200.4091
 06-Feb-20200.1365
 05-Feb-20200.1335
 04-Feb-20200.1322
 03-Feb-20200.1322
 31-Jan-20200.3967
 30-Jan-20200.1323
 29-Jan-20200.1238
 28-Jan-20200.1320
 27-Jan-20200.1323
 24-Jan-20200.3953
 23-Jan-20200.1319
 22-Jan-20200.1305
 21-Jan-20200.1301
Dividend Weekly20-Feb-20201.0384

 14-Feb-20200.9496
 07-Feb-20200.9424
 31-Jan-20200.9161
 24-Jan-20201.2208
 17-Jan-20200.9190
 10-Jan-20200.9176
 03-Jan-20200.9883
 27-Dec-20191.1892
 20-Dec-20190.9812
 13-Dec-20191.6047
 06-Dec-20191.4305
 29-Nov-20190.9507
 22-Nov-20191.0351
 15-Nov-20191.0088
 08-Nov-20190.9688
 01-Nov-20190.8058
 25-Oct-20190.9570
 18-Oct-20191.0827
 11-Oct-20190.9511
 04-Oct-20190.9597
 27-Sep-20190.9740
 20-Sep-20192.0328
 13-Sep-20191.0646
 06-Sep-20190.8195
Dividend Monthly31-Jan-20203.6016

 27-Dec-20193.6016
 29-Nov-20193.6016
 25-Oct-20193.6016
 27-Sep-20193.6016
 30-Aug-20193.6016
 26-Jul-20193.6016
 28-Jun-20193.6016
 31-May-20193.6016
 30-Apr-20193.6016
 29-Mar-20193.6016
 28-Feb-20193.6016
 31-Jan-20193.6016
 28-Dec-20183.6016
 30-Nov-20183.6016
 31-Oct-20183.6016
 28-Sep-20183.6016
 31-Aug-20183.6016
 31-Jul-20184.3219
 27-Apr-20182.8813
 28-Feb-20182.8891
 31-Jan-20184.3336
 29-Dec-20174.3336
 30-Nov-20174.3336
 31-Oct-20174.3336

Contact Information

AMC: SBI Funds Management Ltd

Address: 9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai - 400051

Phone: 022-61793000 / 1800-425-5425

Fax: 022-22189663

Email: [email protected]

Website: www.sbimf.com

Registrar & Transfer Agent: Computer Age Management Services Ltd.

Address: 7th Floor, Tower II, Rayala Towers, 158, Anna Salai, Chennai - 600002

Phone: 1800-3010-6767 / 1800-419-7676

Fax: 044-30407101

Email: [email protected]

Website: www.camsonline.com

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