SBI Banking and PSU Fund Direct Growth

SBI Banking and PSU Fund Direct Growth

Debt

Direct

Banking & Psu

NAV as on 02-12-2024

₹ 3148.49

Inception Returns

7.9%

/yr

About SBI Banking and PSU Fund Direct Growth

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, Ardhendu Bhattacharya. This fund is suitable to keep your money safe.

Key Parameters

  1. SBI Banking and PSU Fund Direct Growth has ₹3818 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 7.93% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 8.39%, 6.01% and 6.38% 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, 7.34% Govt Stock 2064, Nuclear Power Corporation Of India Limited, National Bank For Financing Infrastructure And Development, Ongc Petro Additions Ltd.

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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
203 people have invested ₹ 14.4L in SBI Banking and PSU Fund Direct Growth in the last three months

SBI Banking and PSU Fund Direct Growth Overview

Expense ratio0.34%
Benchmark
CRISIL Short Term Bond Fund TR INR
AUM₹3818 Cr
Inception Date1 January, 2013
Min Lumpsum/SIP₹5000/₹500
Exit Load0%
Lock InNo Lock-in
TurnOver
130.63%
STCGSelling within 36 months, gains taxed at slab rates.
LTCGHolding over 3 years, gains taxed at slab rates without indexation.
Risk
Risk meter
pointer
Low to Moderate Risk

Trailing Returns

as on (02-Dec-24)

Period
SBI Banking and PSU Fund Direct Growth
Banking and PSU Index
1M
0.5%
0.4%
3M
1.9%
1.5%
6M
4.2%
3.4%
1Y
8.4%
7.3%
3Y
6%
5.6%
5Y
6.4%
5.9%

Fund Distribution

as on (31-Dec-69)

  • Debt & Cash 99.7%

AAA
88.3%

AA
11.7%

Sector Allocation

Oct'24

Sep'24

Aug'24

Government
49.3%
Corporate
45.2%
Cash Equivalent
5.6%
All changes are between Oct'69 and Dec'69
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 3.8K Cr
₹ 3.8K Cr
₹ 3.8K Cr
  • AUM of the fund stands at 3.8K Cr as of Oct'24
  • AUM increased by 16.1 Cr between Oct'24 and Sep'24
Cash allocation has gone up from 5% to 5.6%
Cash allocation has gone up from 5% to 5.6%
Debt allocation has gone down from 94.7% to 94.1%
Debt allocation has gone down from 94.7% to 94.1%

Top 2 Sectors in October were Government, Corporate

Oct'24
Government
49%
Corporate
45%
Sep'24
Government
50%
Corporate
45%
  • Debt & Cash

Holdings
Weight%
1M Change
7.1% Govt Stock 2034
7.1% Govt Stock 2034
9.58%
554.2%
7.34% Govt Stock 2064
7.34% Govt Stock 2064
9.51%
0%
Nuclear Power Corporation Of India Limited
Nuclear Power Corporation Of India Limited
5.41%
0%
National Bank For Financing Infrastructure And Development
National Bank For Financing Infrastructure And Development
4.77%
50%
Ongc Petro Additions Ltd.
Ongc Petro Additions Ltd.
4.61%
0%
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Rajeev Radhakrishnan
Rajeev Radhakrishnan
Fund Manager of SBI Banking and PSU Fund Direct Growth, since 16 November 2013
Ardhendu Bhattacharya
Ardhendu Bhattacharya
Fund Manager of SBI Banking and PSU Fund Direct Growth, since 1 December 2023
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.84L Cr
as on 31-Oct-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com

Mutual Fund Insights

Insights icon
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.38% return, outperforming this fund by 0.99% per annum.
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In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 8.38% return, outperforming this fund by 2.37% per annum.
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In the last 1 year, DSP Banking & PSU Debt Fund Direct Growth has given 9.11% return, outperforming this fund by 0.73%.
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This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.34% which is lower than the category average expense ratio of 0.55%.
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Over the last 3 months, this fund has increased expense ratio by 3.0% moving from 0.33 to 0.34.
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Over the last 6 months, this fund has experienced a 9.5% drop in AUM moving from 4.21K Cr to 3.81K Cr.

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 7.93% since inception which is more than its category average return of 5.8%
AUM size ₹3818 Cr

AUM size ₹3818 Cr

This fund has AUM of ₹3818 Cr which is more than its category average of ₹ 3593 Cr
Expense Ratio 0.34%

Expense Ratio 0.34%

This fund has an expense ratio of 0.34% which is less than its category average expense ratio of 0.49%

Frequently Asked Questions for SBI Banking and PSU Fund Direct Growth

The current NAV of SBI Banking and PSU Fund Direct Growth is ₹3148.49 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
SBI Banking and PSU Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.52%
0.52%
6 Month Returns
4.24%
4.24%
1 Year Returns
8.39%
8.39%
3 Years Returns
19.13%
6.01%
5 Years Returns
36.27%
6.38%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
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  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.34% as on November 2024
₹3818 Cr as on November 2024
7.1% Govt Stock 2034(9.58%), 7.34% Govt Stock 2064(9.51%), Nuclear Power Corporation Of India Limited(5.41%), National Bank For Financing Infrastructure And Development(4.77%), Ongc Petro Additions Ltd.(4.61%) as on November 2024
Government(47.1%), Corporate(44.12%), Cash Equivalent(8.78%) as on November 2024
Yield to Maturity is 7.31 as on November 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 3.88 as on November 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA
88.28
AA
11.72
Rajeev Radhakrishnan, Ardhendu Bhattacharya 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%