SBI Banking & Financial Services Direct Growth
SBI Banking & Financial Services Direct Growth

SBI Banking & Financial Services Direct Growth

Compare
Equity
Direct
Sector - Financial Services

NAV: ₹ 29.1 as on 02-12-2022

Fund Performance
zero opening, trading, fund transfer fee
4307 people have invested ₹ 2.6Cr in mutual fund in the last three months

INDmoney Rank

Powered by IND quant engine
IND ranking is not available for this fund.
Pros
5Y returns in the top 25% of the category
3Y returns in the top 25% of the category
Among most bought funds within the category
Cons
No bad points found for this fund.

Fund Performance

Return
1M
3M
6M
1Y
3Y
5Y
This Fund
3%
5.4%
15.7%
11.6%
11.9%
13.8%
Benchmark
2.8%
4.4%
13.4%
7.5%
17.8%
12%
Category
5.5%
9.9%
22.5%
17.8%
10.8%
9.3%
About the Fund

SBI Banking & Financial Services Direct Growth is an equity fund. This fund was started on  26 February, 2015. The fund is managed by Milind Agrawal, Mohit Jain. The fund could potentially beat inflation in the long-run.

Key parameters

1) SBI Banking & Financial Services Direct Growth has a NAV of 29.0828 as on 02-12-2022.

2) SBI Banking & Financial Services Direct Growth has 3867 Cr worth of assets under management (AUM) as on 31-10-2022 and is more than category average.

3) The fund has an expense ratio 0.78 %.

Fund Overview

Expense ratio
Expense ratio
0.78%
Benchmark
Benchmark
S&P BSE BANKEX INR
AUM
AUM
₹3867 Cr
Inception Date
Inception Date
26 February, 2015
Min Lumpsum/SIP
Min Lumpsum/SIP
₹5000/₹500
Exit Load
Exit Load
0.5%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
82.46%

Fund Distribution

  • Equity 94.9%
  • Debt & Cash 5.2%
Size breakup
Large cap
75.3%
Small cap
11.6%
Mid cap
7.7%

Sector Allocation

Oct'22

Sep'22

Aug'22

Financial Services

100%

Top Holdings

  • All
  • Equity
  • Debt & Cash
Total Holdings21
Equity Holdings19
Debt Holdings2

What changed

in last one month
  • Scheme
  • Portfolio
AUM increased by 201 Cr in last 1M
Oct'22 return underperformed benchmark

Change in AUM

Oct'22
₹ 3.9K Cr
Sep'22
₹ 3.7K Cr
Aug'22
₹ 3.7K Cr

Fund Returns vs Benchmark

Oct'22
4.90%
5.37%
Sep'22
-2.18%
-2.51%
Aug'22
4.69%
3.22%
Fund Return
Benchmark Return

Concentration Analysis

Fund
Oct'22
Oct'22
Aug'22
No of Holdings
21
23
22
Top 5 Company Concentration
60.4%
58.8%
57.7%
Company having highest exposure
ICICI Bank Ltd (19.7%)
ICICI Bank Ltd (19.7%)
ICICI Bank Ltd (20%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100%
100%
100%
Sector having highest exposure
Financial Services (94.9%)
Financial Services (92.2%)
Financial Services (94.5%)

Fund Manager

Milind Agrawal

Milind Agrawal

Managing this fund since 1 August 2019

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Banking & Financial Services Direct Growth
11.91%
10.8%
Mohit Jain

Mohit Jain

Managing this fund since 30 November 2017

Top funds managed

Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Bluechip Fund Direct Growth
17.53%
16.17%
SBI Equity Hybrid Fund Direct Growth
14.32%
15.24%
SBI Focused Equity Fund Direct Plan Growth
17.06%
17.23%

AMC details

Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Fund House
SBI Funds Management Ltd

Fund Highlights

meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 14.74% since inception which is less than its category average return of 29.31%
Fund Allocations

Fund Allocations

This fund has an allocation of 94.85% in Equity, 0% in Debt and 5.15% in Cash related instruments
AUM size ₹3867 Cr

AUM size ₹3867 Cr

This fund has AUM of ₹3867 Cr which is more than its category average of ₹ 1460 Cr
Expense Ratio 0.78%

Expense Ratio 0.78%

This fund has an expense ratio of 0.78% which is less than its category average expense ratio of 1.6%

Frequently Asked Questions

The current NAV of SBI Banking & Financial Services Direct Growth is 29.08.
Existing (Absolute + CAGR)
SBI Banking & Financial Services Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
3%
3%
6 Month Returns
15.74%
15.74%
1 Year Returns
11.63%
11.63%
3 Years Returns
40.14%
11.91%
5 Years Returns
90.9%
13.81%
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.
0.78 as on November 2022
3867 Cr as on November 2022
ICICI Bank Ltd(19.71%),HDFC Bank Ltd(15.58%),Axis Bank Ltd(9.87%),State Bank of India(9.85%),Bajaj Finance Ltd(5.43%) as on November 2022
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
3.43
0.78
0.18
As on month end.
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
0.86
0.96
0.96
As on month end.
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
0.59
0.4
0.44
As on month end.
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
17.16
30.06
25.95
As on month end.
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.
0.54
0.06
Milind Agrawal,Mohit Jain are the fund managers of SBI Banking & Financial Services Direct Growth
The Exit load of SBI Banking & Financial Services Direct Growth is 0.5%

Mutual Fund execution provided by

Technology facilitation Services provided by Finzoom Investment Advisors Pvt. Ltd. - Advisory unit. SEBI Registered Investment Advisor: INA100012190 | BASL Registration No. 1154 | BSE StarMF Platform code: 24801

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme related documents carefully. Past performance is not indicative of future returns.