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5 star

SBI Banking & Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.19 Lakh

₹ 10000

Monthly SIP Grown to
₹ 3.86 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 -15.24 -1.87 -1.18 9.16 7.96 21.34 -8.16 5.94 13.90 -- --
S&P BSE Bankex TRI -24.36 -2.28 -0.85 12.64 10.62 16.54 -16.90 -0.20 7.45 -- --
Equity: Sectoral-Banking -21.08 -1.96 -1.56 8.71 6.65 18.63 -13.99 -1.05 7.95 -- --
Rank within category 1 5 5 7 2 2 1 1 1 -- --
Number of funds in category 13 13 13 13 13 13 13 11 10 7 0

As on 28-Oct-2020

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 -8.16 5.94 13.90 1.10 1,495
Tata Banking and Financial Services Fund - Direct Plan  | Invest Online
4 star
Dec-15 -8.32 3.39 -- 1.08 449
ICICI Prudential Banking and Financial Services Fund - Direct Plan  | Invest Now
3 star
Jan-13 -17.94 -3.84 8.96 1.32 2,685
Nippon India Banking Fund - Direct Plan  | Invest Online
2 star
Jan-13 -20.59 -6.81 4.43 1.51 2,010
Aditya Birla Sun Life Banking & Financial Services Fund - Direct Plan  | Invest Online
3 star
Dec-13 -16.90 -3.44 9.05 1.25 1,464

Best & Worst Performance

Best (Period) Worst (Period)
Week 14.35 (26-May-2020 - 02-Jun-2020) -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 31.18 (26-May-2020 - 25-Aug-2020) -42.25 (23-Dec-2019 - 23-Mar-2020)
Year 54.98 (24-Feb-2016 - 23-Feb-2017) -34.77 (27-May-2019 - 26-May-2020)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 7.70 27.84 0.09 0.09 0.90 5.72
S&P BSE Bankex TRI 1.64 29.75 -0.12 -0.12 -- --
Equity: Sectoral-Banking 1.69 28.59 -0.11 -0.12 0.93 -0.19
Rank within category 1 6 1 1 6 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 30-Sep-2020

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 20
Top 10 Stocks (%) 80.01
Top 5 Stocks (%) 63.80
Top 3 Sectors (%) 96.48
Portfolio P/B Ratio 2.05
Portfolio P/E Ratio 19.97

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 1,46,198 1,61,701
Giant (%) 71.48 75.19
Large (%) 13.42 9.77
Mid (%) 11.39 13.17
Small (%) 3.71 5.12
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 22.44 27.78 7.46 25.89
up ICICI Bank Financial 26.86 14.99 6.79 13.23
equal Kotak Mahindra Bank Financial 33.94 11.34 2.06 9.88
up Axis Bank Financial 91.35 10.62 0.00 8.74
equal State Bank of India Financial 7.87 9.69 0.00 6.06
equal ICICI Lombard General Insurance Company Financial 40.28 6.51 0.00 5.26
equal Cholamandalam Invest. & Fin. Financial 17.04 2.83 0.00 2.83
equal Muthoot Finance Financial 14.07 4.16 0.00 2.78
equal ICICI Prudential Life Insurance Co. Ltd. Financial 54.84 5.77 0.00 2.74
equal M&M Financial Services Financial 10.07 8.41 0.00 2.60
up Can Fin Homes Financial 15.41 2.01 0.00 1.94
up Federal Bank Financial 6.92 4.21 0.00 1.92
up HDFC Asset Management Company Financial 39.10 3.38 0.00 1.87
equal City Union Bank Financial 25.48 2.48 0.00 1.76
equal HDFC Financial 16.11 4.27 0.00 1.68
equal ICICI Securities Financial 25.15 3.19 0.00 1.63
down Central Depository Services Financial 33.39 2.71 0.00 1.61
up CSB Bank Financial 43.50 1.56 0.00 1.56
equal HDFC Life Insurance Financial 88.30 3.30 0.00 1.31
new Computer Age Management Services Financial 37.06 0.60 0.00 0.60
equal HDFC Financial 16.11 0.59

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 30-Sep-2020

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.


-1.87%

Change from previous, NAV as on 28-Oct-2020

Growth: ₹ 17.8631

Dividend: ₹ 15.9686


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
Exit Load 1% for redemption within 365 days

Basic Details

Fund House: SBI Mutual Fund
Launch Date: 26-Feb-2015
Return Since Launch: 10.77%
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,495 Cr (As on 30-Sep-2020)
Expense: 1.10% (As on 30-Sep-2020)
Risk Grade: Below Average
Return Grade: High
Turnover: 25.00%

Most Recent Dividends

Plan Record Date Dividend (₹ / Unit)  
Dividend16-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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