SBI Banking & Financial Services Fund - Direct Plan
Value Research Rating
Our Opinion
Riskometer
Very High
₹49.0431 -1.18%
As on 08-May-2026
Returns
Risk
This fund has Very High risk.
As per SEBI's Riskometer.
Portfolio of SBI Banking & Financial Services Fund - Direct Plan
Asset Allocation
Split between different types of investments
Market Cap Weightage
Split between categories of Equity investments
We have shifted from our proprietary CapRank classification system to SEBI’s market cap classification system with effect from 14 Jan, 2026.
Peer Comparison
|
Fund name
|
Rating |
Our Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|---|---|---|---|---|---|---|
|
SBI Banking & Financial Services Fund - Direct Plan
|
|
|
Very High
|
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1.05 |
|
|
|
Very High
|
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1.16 |
||
 |
|
Very High
|
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0.81 |
||
|
|
Very High
|
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0.79 |
||
 |
|
Very High
|
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1.44 |
Other details of SBI Banking & Financial Services Fund - Direct Plan
Assets
₹9,380 Cr
Exit Load (Days)
0.50 (30)
Min. Investment (₹)
5,000
Min. Withdrawal (₹)
500
Min. SIP Investment (₹)
500
Min. No of Cheques
12
About SBI Banking & Financial Services Fund - Direct Plan
SBI Banking & Financial Services Fund - Direct Plan is a equity mutual fund scheme of SBI Mutual Fund. Launched on February 26, 2015, it is currently managed by Milind Agrawal. The fund has an expense ratio of 1.05% with an overall AUM (Assets Under Management) of ₹9,380 Cr.
SBI Banking & Financial Services Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies. The fund allows minimum lumpsum investment of ₹1,000 and minimum SIP of ₹500.
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.
Suitability
Nobody should invest in Banking funds in our opinion, because:
- They have a narrow focus on only financial services companies
- Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
- Invest only through SIP
- Have a 7+ year investment horizon
- Be prepared to withstand interim sharp declines in investment value
Capital Gains Taxation
- If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1.25 lakh in a financial year are exempt from tax. Gains over Rs 1.25 lakh are taxed at the rate of 12.5%.
- 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 20%.
- No tax is to be paid as long as you continue to hold the units.
Disclaimer: The tax information has been prepared on a best-effort basis using information available in the public domain and other sources that Value Research considers reliable. This is not meant as tax advice, and we advise you to consult your tax advisor before making any decision. Value Research takes no responsibility and assumes no liability for any loss or damage arising from any investment or redemption decision based on this information.
Dividend Taxation
- 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. 10,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.
Latest news on SBI Banking & Financial Services Fund - Direct Plan
Change in exit load of SBI Mutual Fund Schemes
1 min read•By Value Research
SBI Magnum Balanced Fund reduces exit load tenure
1 min read•By News Desk
FAQ for SBI Banking & Financial Services Fund - Direct Plan
How to Invest in SBI Banking & Financial Services Fund - Direct Plan?
Subscribers of Value Research Fund Advisor can conveniently invest in the low-cost direct plan of SBI Banking & Financial Services Fund - Direct Plan through the Value Research Fund Advisor website.
Alternatively, mutual funds can also be purchased directly from the respective fund house’s website. For example, SBI Banking & Financial Services Fund - Direct Plan can be bought from the SBI Mutual Fund website. In such a case, if you are investing in multiple funds from different fund houses, you will need to transact separately on each fund house’s website.
The third option is to invest offline, by seeking assistance from a mutual fund distributor. Most banks also act as mutual fund distributors, and you can approach your bank for help in completing your investment.
What is the current NAV of SBI Banking & Financial Services Fund - Direct Plan Today?
The latest declared NAV of SBI Banking & Financial Services Fund - Direct Plan, is ₹49.0431 as of 10-May-2026.
What are the top holdings of SBI Banking & Financial Services Fund - Direct Plan?
| Company | Percentage of Portfolio |
|---|---|
|
14.23
|
|
|
9.03
|
|
|
7.65
|
|
|
7.44
|
|
|
6.41
|
What is the return of SBI Banking & Financial Services Fund - Direct Plan in the last 5 years?
Over the past five years, SBI Banking & Financial Services Fund - Direct Plan has delivered an annualised return of 15.45% as of 10-May-2026.
What is the minimum investment required in SBI Banking & Financial Services Fund - Direct Plan?
The minimum investment required to start investing in SBI Banking & Financial Services Fund - Direct Plan is ₹5,000 for the lump sum option and ₹500 for the SIP (Systematic Investment Plan) option.
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