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5 star

SBI Banking & Financial Services Fund - Regular Plan download report


1 Lakh

Investment Grown to
₹ 1.44 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.59 Lakh

Suitability:

This is a fund that invests mainly in shares of banks and financial services companies.

We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.

But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.

Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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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
SBI Banking & Financial Services Reg-G 7.58 0.58 2.80 9.43 16.38 1.81 4.97 12.86 11.96 15.05 --
S&P BSE Bankex TRI 11.57 0.41 2.96 11.00 16.09 2.26 10.19 12.06 10.94 12.17 --
Equity: Sectoral-Banking 8.83 0.45 2.97 11.15 17.17 1.77 7.89 10.30 7.66 9.43 --
Rank within category 20 4 26 30 25 19 24 2 1 1 --
Number of funds in category 31 34 34 33 33 32 30 19 17 15 10

As on 12-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 4.97 12.86 11.96 1.94 3,553
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 6.14 13.43 10.29 2.71 568
Invesco India Financial Services Fund  | Invest Online
4 star
Jul-08 1.16 11.69 9.46 2.55 444
Nippon India ETF Nifty Bank BeES  | Invest Online
Unrated
May-04 9.29 10.81 10.16 0.19 9,645
Kotak Nifty Bank ETF Fund  | Invest Online
Unrated
Dec-14 9.27 10.77 10.11 0.18 6,769

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 14.53 29-Jan-2021 - 05-Feb-2021 -26.75 16-Mar-2020 - 23-Mar-2020
Month 23.79 22-May-2020 - 23-Jun-2020 -43.85 20-Feb-2020 - 23-Mar-2020
Quarter 38.85 24-Sep-2020 - 24-Dec-2020 -42.41 23-Dec-2019 - 23-Mar-2020
Year 95.90 23-Mar-2020 - 23-Mar-2021 -35.48 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
SBI Banking & Financial Services Reg-G 15.61 30.18 0.40 0.45 0.89 1.48
S&P BSE Bankex TRI 15.39 33.19 0.36 0.44 -- --
Equity: Sectoral-Banking 14.09 33.17 0.33 0.40 0.96 -0.82
Rank within category 4 8 2 2 6 2
Number of funds in category 19 19 19 19 19 19

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

As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 19
Top 10 Stocks (%) 78.69
Top 5 Stocks (%) 59.74
Top 3 Sectors (%) 96.44
Portfolio P/B Ratio 2.30
Portfolio P/E Ratio 17.38

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,87,533 2,61,530
Giant (%) 62.31 72.14
Large (%) 17.89 12.25
Mid (%) 17.05 13.21
Small (%) 2.76 4.78
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up ICICI Bank Financial 21.96 19.32 12.19 19.32
down HDFC Bank Financial 20.78 27.78 12.78 16.14
equal State Bank of India Financial 13.41 10.03 4.13 10.01
up Axis Bank Financial 14.47 10.52 5.08 7.75
new Kotak Mahindra Bank Financial 28.04 11.34 0.00 6.52
down SBI Cards & Payments Services Financial 46.41 4.82 0.00 4.44
equal Bandhan Bank Financial 68.38 4.21 0.00 3.89
equal Indusind Bank Financial 15.44 3.93 0.00 3.82
up ICICI Lombard General Insurance Company Insurance 42.62 6.51 0.00 3.52
equal Cholamandalam Investment & Finance Company Financial 26.99 4.05 0.00 3.28
down CreditAccess Grameen Financial 34.11 4.17 0.00 2.96
equal Cholamandalam Financial Holdings Financial 10.77 4.74 0.00 2.85
up The Federal Bank Financial 10.37 3.84 0.00 2.37
equal SBI Life Insurance Company Insurance 83.26 6.52 0.00 2.19
equal Manappuram Finance Financial 7.97 5.80 0.00 1.89
equal Indian Bank Financial 5.42 1.97 0.00 1.71
down M&M Financial Services Financial 8.23 3.96 0.00 1.52
equal City Union Bank Financial 16.11 2.48 0.00 1.14
equal CSB Bank Financial 7.02 1.80 0.00 0.77
equal HDFC Financial 19.49 0.35

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-Jul-2022

Fund Manager

— Milind Agrawal since 01-Aug-2019

Education: B. Tech.- Mechanical Engineering, PGDM - Finance, CFA

Experience: Prior to joining SBI Mutual Fund he had worked with Goldman Sachs Services Pvt. Ltd. and Vadilal Enterprises Ltd.


0.58%

Change from previous, NAV as on 12-Aug-2022

Growth: ₹ 25.4300

IDCW: ₹ 22.8368


Investment Strategy

The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) 1,000
Min. SIP Investment (₹) 500
Min. No of Cheques 12
Min. Withdrawal (₹) 500
Min. Balance (₹) 1,000
Lock-in Period Not Applicable
Exit Load 0.5% for redemption within 30 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 26-Feb-2015
Return Since Launch: 13.32%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 3,553 Cr (As on 31-Jul-2022)
Expense Ratio: 1.94% (As on 30-Jun-2022)
Risk Grade: Below Average
Return Grade: High
Turnover: 97.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW16-Mar-20181.5000

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

Website: http://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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