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5 star

SBI Banking & Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.53 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.99 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 multi-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
Fund 14.58 0.68 0.55 9.26 3.38 17.74 75.75 15.29 19.37 -- --
S&P BSE Bankex TRI 11.40 0.91 0.21 9.23 0.88 13.71 76.36 10.77 14.74 -- --
Equity: Sectoral-Banking 14.72 0.69 0.63 9.49 3.65 17.36 74.66 11.28 15.38 -- --
Rank within category 4 11 9 7 6 4 5 1 1 -- --
Number of funds in category 14 14 14 14 14 14 13 11 11 8 0

As on 15-Jun-2021

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 - Direct Plan
5 star
Feb-15 75.75 15.29 19.37 0.91 2,647
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 65.12 13.58 18.70 0.93 753
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 88.32 12.32 17.31 1.29 4,265
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 94.73 8.58 14.51 1.35 2,990
Aditya Birla Sun Life Banking & Financial Services Fund - Direct Plan  | Invest Online
3 star
Dec-13 87.26 10.25 15.61 1.29 2,052

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 14.55 29-Jan-2021 - 05-Feb-2021 -26.74 16-Mar-2020 - 23-Mar-2020
Month 23.94 22-May-2020 - 23-Jun-2020 -43.81 20-Feb-2020 - 23-Mar-2020
Quarter 39.24 24-Sep-2020 - 24-Dec-2020 -42.25 23-Dec-2019 - 23-Mar-2020
Year 98.24 23-Mar-2020 - 23-Mar-2021 -34.77 27-May-2019 - 26-May-2020

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 19.58 31.14 0.49 0.55 0.90 4.66
S&P BSE Bankex TRI 16.05 33.62 0.35 0.42 -- --
Equity: Sectoral-Banking 15.54 31.98 0.36 0.41 0.93 0.30
Rank within category 1 7 1 1 7 1
Number of funds in category 11 11 11 11 11 11

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

As on 31-May-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 82.15
Top 5 Stocks (%) 65.59
Top 3 Sectors (%) 93.71
Portfolio P/B Ratio 2.83
Portfolio P/E Ratio 23.84

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 2,35,088 2,52,500
Giant (%) 70.94 74.18
Large (%) 17.91 10.53
Mid (%) 9.05 12.16
Small (%) 2.10 5.83
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 HDFC Bank Financial 25.83 27.78 7.46 23.47
equal ICICI Bank Financial 24.29 15.96 6.79 15.96
up State Bank of India Financial 17.11 9.91 0.00 9.91
equal Axis Bank Financial 31.98 10.62 4.36 8.30
equal Kotak Mahindra Bank Financial 35.15 11.34 2.06 7.95
equal SBI Life Insurance Company Financial 68.49 5.03 0.00 4.79
up LIC Housing Fin. Financial 9.54 3.43 0.00 3.43
equal ICICI Lombard General Insurance Company Financial 46.40 6.51 0.00 3.36
equal Muthoot Finance Financial 15.99 4.16 0.00 2.94
equal ICICI Prudential Life Insurance Co. Ltd. Financial -- 5.77 0.00 2.04
equal The Federal Bank Financial 10.32 4.21 0.00 1.94
equal Cholamandalam Financial Holdings Financial 15.66 8.49 0.00 1.89
equal SBI Cards & Payments Services Financial 102.71 1.97 0.00 1.89
down Cholamandalam Investment & Finance Company Financial 30.66 4.05 0.00 1.76
equal CSB Bank Financial 26.40 1.80 0.00 1.60
equal City Union Bank Financial 21.03 2.48 0.00 1.22
equal HDFC Financial 24.52 0.89
new CreditAccess Grameen Financial 90.05 0.37 0.00 0.37

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-May-2021

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.


0.68%

Change from previous, NAV as on 15-Jun-2021

Growth: ₹ 25.6080

IDCW: ₹ 22.8904


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

Minimum Investment (₹) 5,000
Minimum Addl Investment (₹) 1,000
Minimum SIP Investment (₹) 500
Minimum No of Cheques 12
Minimum Withdrawal (₹) 500
Minimum 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: 16.09%
Benchmark: NIFTY Financial Services TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 2,647 Cr (As on 31-May-2021)
Expense: 0.91% (As on 30-Apr-2021)
Risk Grade: Below Average
Return Grade: High
Turnover: 20.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
IDCW16-Mar-20181.6000

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: 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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