This is a guest login. You can create a regular account or login to an existing one.

VR Logo

SBI Banking & Financial Services Fund - Direct Plan


1 Lakh

Investment Grown to
₹ 1.90 Lakh

₹ 10000

Monthly SIP Grown to
₹ 4.79 Lakh

Analyst's Choice?

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 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 paid by the mutual fund scheme are taxed at the rate of 10% (effectively 11.648%, 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.

Read more

ajax-loader
Please wait...

ajax-loader
Please wait...

(₹)
cal
cal

ajax-loader
Please wait...

Trailing Returns (%)

YTD 1 Month 3 Months 1 Years 3 Years 5 Years 10 Years
Fund 21.21 3.60 14.96 23.86 23.85 -- --
S&P BSE Finance TRI 17.41 4.13 13.72 20.01 19.51 -- --
Equity: Sectoral-Banking 19.37 4.20 14.08 21.91 18.51 -- --
Rank within category 6 12 3 5 1 -- --
Number of funds in category 12 13 13 12 11 8 0

As on 13-Dec-2019

Best & Worst Performance

Best (Period) Worst (Period)
Month 12.40 (29-Feb-2016 - 30-Mar-2016) -15.26 (07-Sep-2018 - 08-Oct-2018)
Quarter 28.26 (25-Feb-2016 - 26-May-2016) -15.30 (27-Jul-2018 - 26-Oct-2018)
Year 54.98 (24-Feb-2016 - 23-Feb-2017) -14.86 (05-Mar-2015 - 04-Mar-2016)

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund 21.81 17.02 0.94 1.27 0.85 4.01
S&P BSE Finance TRI 18.83 17.37 0.75 1.10 -- --
Equity: Sectoral-Banking 17.94 18.18 0.69 0.97 0.92 -0.72
Rank within category 1 4 1 2 3 2
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-Nov-2019

Asset Allocation (%)

ajax-loader
Please wait...

Concentration & Valuation

Number of Stocks 17
Top 10 Stocks (%) 84.87
Top 5 Stocks (%) 61.93
Top 3 Sectors (%) 96.78
Portfolio P/B Ratio 3.56
Portfolio P/E Ratio 34.62

Portfolio Aggregates

Fund Benchmark Category*
Average Mkt Cap (Rs Cr) 1,89,212 2,20,251
Giant (%) 71.01 74.66
Large (%) 10.70 11.62
Mid (%) 18.29 11.16
Small (%) -- 4.74
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Benchmark

ajax-loader
Please wait...

Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
equal HDFC Bank Financial 29.57 24.39 7.46 23.40
equal ICICI Bank Financial 67.66 14.75 6.79 13.67
equal State Bank of India Financial 29.35 9.69 0.00 8.96
equal Axis Bank Financial 47.71 10.62 0.00 7.95
equal Kotak Mahindra Bank Financial 39.32 9.80 2.06 7.95
equal AU Small Finance Bank Financial 40.53 9.15 0.00 6.62
equal ICICI Lombard General Insurance Financial 56.52 6.01 0.00 5.64
equal ICICI Prudential Life Insurance Co. Ltd. Financial 62.13 5.77 0.00 4.67
up M&M Financial Services Financial 17.18 8.41 0.00 3.11
equal Bajaj Finance Financial 49.61 8.42 0.00 2.90
equal Cholamandalam Invest. & Fin. Financial 20.32 2.73 0.00 2.42
equal Muthoot Finance Financial 12.05 2.78 0.00 2.35
equal City Union Bank Financial 23.22 2.48 0.00 2.23
equal HDFC Financial 33.50 11.84 0.00 2.04
equal HDFC Life Insurance Financial 88.44 3.30 0.00 1.55
new ICICI Securities Financial 24.24 3.19 0.00 0.89
new CSB Bank Financial 0.43 0.00 0.43

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-Nov-2019

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.

— Sohini Andani since 11-Feb-2015

Education: Ms. Andani is a B.Com (H) and C.A.

Experience: Prior to joining SBI Mutual Fund she has worked with ING Investment Management Pvt. Ltd., ASK Raymond James & Associates Pvt. Ltd., LKP Shares & securities Ltd., Advani Share Broker Pvt. Ltd., CRISIL, and K R Choksey Shares & Securities Pvt. Ltd.

Funds Managed:


0.77%

Change from previous, NAV as on 13-Dec-2019

Growth: ₹ 20.9480

Dividend: ₹ 18.7162


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
Benchmark: NIFTY Financial Services TRI
Riskometer: High
Type: Open-ended
Assets: ₹ 1,292 Cr (As on 30-Nov-2019)
Expense: 1.30% (As on 31-Oct-2019)
Risk Grade: Below Average
Return Grade: High
Turnover: --

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: 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

Upcoming Video

Investors' Hangout

Why you should ditch dividend plans

dateFriday, 20-Dec-2019
time12:30 PM - 01:00 PM