SBI Banking & Financial Services Direct Growth
Equity
Direct
Sector - Financial Services
NAV: ₹ 37.52 as on 24-04-2024
Fund Performance
4843 people have invested ₹ 2.1Cr in SBI Banking & Financial Services Direct Growth in the last three months
Mutual Fund Insights
Over the last 1 month, this fund has increased expense ratio by 1.3% moving from 0.76 to 0.77.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.77% which is lower than the category average expense ratio of 1.03%.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 40.65% return, outperforming this fund by 6.37%.
In the last 3 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 24.18% return, outperforming this fund by 6.93% per annum.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.78% return, outperforming this fund by 3.75% per annum.
Over the last 6 months, this fund has experienced a 17.6% growth in AUM moving from 4.29K Cr to 5.05K Cr.
INDmoney Rank of SBI Banking & Financial Services Direct Growth
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Pros
Among most bought funds within the category
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category
About the SBI Banking & Financial Services Direct Growth
SBI Banking & Financial Services Direct Growth is an equity fund. This fund was started on 26 February, 2015. The fund is managed by Mohit Jain, Milind Agrawal. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Banking & Financial Services Direct Growth has ₹5056 Cr worth of assets under management (AUM) as on Mar 2024 and is more than category average.
- The fund has an expense ratio 0.8.
SBI Banking & Financial Services Direct Growth Overview
 | 0.77% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹5056 Cr |
 | 26 February, 2015 |
 | ₹5000/₹500 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 84% |
SBI Banking & Financial Services Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
67.5%
Mid cap
18%
Small cap
11.1%
Sector Allocation
Financial Services
100%
Top Holdings of SBI Banking & Financial Services Direct Growth as on (31-Mar-24)
Equity Holdings25
SBI Banking & Financial Services Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.52% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 1.99% in Mar'24
AUM Change
- AUM of the fund stands at 5.1K Cr as of Mar'24
- AUM increased by 84.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in SBI Banking & Financial Services Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Muthoot Finance Ltd | 23.5% |
 Kotak Mahindra Bank Ltd | 4.8% |
 HDFC Bank Ltd | 4% |
Peer Analysis
SBI Banking & Financial Services Direct Growth Fund Manager
Mohit Jain
Fund Manager of SBI Banking & Financial Services Direct Growth, since 30 November 2017
Top funds managed
Milind Agrawal
Fund Manager of SBI Banking & Financial Services Direct Growth, since 1 August 2019
Top funds managed
SBI Banking & Financial Services Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.45% since inception which is less than its category average return of 15.58%
Fund Allocations
This fund has an allocation of 96.64% in Equity, 0% in Debt and 3.36% in Cash related instruments
AUM size ₹5056 Cr
This fund has AUM of ₹5056 Cr which is more than its category average of ₹ 1553 Cr
Expense Ratio 0.77%
This fund has an expense ratio of 0.77% which is less than its category average expense ratio of 1.36%
Frequently Asked Questions
The current NAV of SBI Banking & Financial Services Direct Growth is ₹37.52 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
SBI Banking & Financial Services Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.64% | 3.64% |
6 Month Returns | 20.18% | 20.18% |
1 Year Returns | 34.28% | 34.28% |
3 Years Returns | 61.18% | 17.25% |
5 Years Returns | 101.41% | 15.03% |
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0.77% as on March 2024
₹5056 Cr as on March 2024
ICICI Bank Ltd(18.78%), HDFC Bank Ltd(18.74%), Kotak Mahindra Bank Ltd(9.89%), State Bank of India(4.66%), REC Ltd(3.75%) as on March 2024
The alpha ratio for the SBI Banking & Financial Services Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Banking & Financial Services Direct Growth | 17.06 | 4.52 | 2.8 |
As on March 2024
The alpha for SBI Banking & Financial Services Direct Growth is calculated against S&P BSE BANKEX INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Banking & Financial Services Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Banking & Financial Services Direct Growth | 0.69 | 0.84 | 0.94 |
As on March 2024
The Beta for SBI Banking & Financial Services Direct Growth is calculated with S&P BSE BANKEX INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Banking & Financial Services Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Banking & Financial Services Direct Growth | 2.19 | 0.67 | 0.47 |
As on March 2024
The sharpe ratio for SBI Banking & Financial Services Direct Growth is calculated with S&P BSE BANKEX INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Banking & Financial Services Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Banking & Financial Services Direct Growth | 10.98 | 14.74 | 24.53 |
As on March 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.11 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.57 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Mohit Jain, Milind Agrawal are the fund managers of SBI Banking & Financial Services Direct Growth
The Exit load of SBI Banking & Financial Services Direct Growth is 0.5%