SBI Banking and PSU Fund Direct Growth

Debt
Direct
Banking & Psu
SBI Banking and PSU Fund Direct Growth

About the Fund

SBI Banking and PSU Fund Direct Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Rajeev Radhakrishnan, Mohit Jain. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Banking and PSU Fund Direct Growth has ₹4200 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
  2. The fund has an expense ratio 0.3.

Returns

SBI Banking and PSU Fund Direct Growth has given a CAGR return of 7.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.00%, 5.26% and 6.68% respectively.

Holdings

SBI Banking and PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, 7.72% Govt Stock 2028, Nuclear Power Corporation Of India Limited, Power Finance Corporation Ltd., Rural Electrification Corporation Limited

Taxation

As it is a banking & psu mutual fund the taxation is as follows:
If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:
For short term (less than 3 years) capital gains will be taxed at your income slab rate.
For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.
Dividends will always be taxed at slab rate.

Investment objective of SBI Banking and PSU Fund Direct Growth

The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.

Minimum Investment and lockin period

Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Banking and PSU Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
140 people have invested ₹ 17.4L in SBI Banking and PSU Fund Direct Growth in the last three months

Fund Overview

Expense ratio
Expense ratio
0.33%
Benchmark
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM
AUM
₹4200 Cr
Inception Date
Inception Date
1 January, 2013
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
177.74%

Fund Distribution
as on (31-Dec-69)

  • Debt & Cash 95.5%

AAA
89.5%

AA
10.5%

Sector Allocation

May'24

Apr'24

Mar'24

Government
50.2%
Corporate
46%
Cash Equivalent
3.8%
All changes are between Oct'69 and Dec'69

as on (31-May-24)

  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
6.36%
165%
7.72% Govt Stock 2028
7.72% Govt Stock 2028
5.96%
0%
Nuclear Power Corporation Of India Limited
Nuclear Power Corporation Of India Limited
4.87%
0%
Power Finance Corporation Ltd.
Power Finance Corporation Ltd.
3.58%
0%
Rural Electrification Corporation Limited
Rural Electrification Corporation Limited
3.56%
0%

Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Banking and PSU Fund Direct Growth, since 16 November 2013
Mohit Jain
Mohit Jain
Fund Manager of SBI Banking and PSU Fund Direct Growth, since 22 January 2020

Mutual Fund Insights

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Over the last 1 month, this fund has decreased expense ratio by 2.9% moving from 0.34 to 0.33.
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In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.69% return, outperforming this fund by 0.69%.
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Over the last 6 months, this fund has experienced a 5.6% drop in AUM moving from 4.45K Cr to 4.19K Cr.
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In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.27% return, outperforming this fund by 0.6% per annum.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.56% return, outperforming this fund by 2.3% per annum.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.55%.

SBI Banking and PSU Fund Direct Growth Highlights

Risk meter
pointer

Low to Moderate Risk

Investors understand that their principal will be at Low to Moderate Risk
About the fund

About the fund

This fund has delivered an average annual returns of 7.9% since inception which is more than its category average return of 5.51%
AUM size ₹4200 Cr

AUM size ₹4200 Cr

This fund has AUM of ₹4200 Cr which is more than its category average of ₹ 3717 Cr
Expense Ratio 0.33%

Expense Ratio 0.33%

This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions

The current NAV of SBI Banking and PSU Fund Direct Growth is ₹3026.34 as on 14-Jun-2024.
Existing (Absolute + CAGR) as on 14-Jun-2024.
SBI Banking and PSU Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.77%
0.77%
6 Month Returns
4.01%
4.01%
1 Year Returns
7%
7%
3 Years Returns
16.62%
5.26%
5 Years Returns
38.15%
6.68%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.33% as on May 2024
₹4200 Cr as on May 2024
7.1% Govt Stock 2034(6.36%), 7.72% Govt Stock 2028(5.96%), Nuclear Power Corporation Of India Limited(4.87%), Power Finance Corporation Ltd.(3.58%), Rural Electrification Corporation Limited(3.56%) as on May 2024
Government(50.21%), Corporate(46%), Cash Equivalent(3.79%) as on May 2024
Yield to Maturity is 7.71 as on May 2024. Yield to Maturity is the total return earned on your bond investments if you hold the bond investments till maturity & all bonds' proceeds are reinvested in it.
Modified Duration is 3.3 as on May 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
89.51
AA
10.49
Rajeev Radhakrishnan, Mohit Jain are the fund managers of SBI Banking and PSU Fund Direct Growth
The Exit load of SBI Banking and PSU Fund Direct Growth is 0%