SBI Banking & Financial Services Fund Direct Growth

Equity
Direct
Sector - Financial Services
SBI Banking & Financial Services Fund Direct Growth

About the Fund

SBI Banking & Financial Services Fund 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

  1. SBI Banking & Financial Services Fund Direct Growth has ₹5861 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
  2. The fund has an expense ratio 0.7.

Returns

SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.12% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 28.31%, 16.72% and 16.79% respectively.

Holdings

SBI Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Power Finance Corp Ltd

Taxation

As it is a sector - financial services mutual fund the taxation is as follows:
For short term (less than a year) capital gains will be taxed at 15%
For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of SBI Banking & Financial Services Fund Direct Growth

The investment objective of the scheme is to generate long-term capital appreciation to unit holders from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. However, there can be no assurance that the investment objective of the Scheme will be realized.

Minimum Investment and lockin period

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

Fund Performance
zero opening, trading, fund transfer fee
4772 people have invested ₹ 2.4Cr in SBI Banking & Financial Services Fund Direct Growth in the last three months

INDmoney Rank

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Among most bought funds within the category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Fund Overview

Expense ratio0.72%
Benchmark
S&P BSE BANKEX INR
AUM₹5861 Cr
Inception Date26 February, 2015
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
84%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 93.3%

  • Debt & Cash 6.7%

Large cap
70.8%

Mid cap
13%

Small cap
9.6%

Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
100%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
ICICI Bank Ltd
ICICI Bank Ltd
6.1%

Mohit Jain
Mohit Jain
Fund Manager of SBI Banking & Financial Services Fund Direct Growth, since 30 November 2017
Milind Agrawal
Milind Agrawal
Fund Manager of SBI Banking & Financial Services Fund Direct Growth, since 1 August 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Banking & Financial Services Direct Growth
16.72%
17.28%

Mutual Fund Insights

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In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.96% return, outperforming this fund by 3.18% per annum.
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This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.72% which is lower than the category average expense ratio of 1.01%.
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Over the last 3 months, this fund has decreased expense ratio by 6.5% moving from 0.77 to 0.72.
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Over the last 6 months, this fund has experienced a 21.4% growth in AUM moving from 4.82K Cr to 5.86K Cr.
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In the last 1 year, Quant BFSI Fund Direct Growth has given 62.84% return, outperforming this fund by 34.54%.
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In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 21.99% return, outperforming this fund by 5.27% per annum.

SBI Banking & Financial Services Fund Direct Growth Highlights

Risk 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 16.12% since inception which is less than its category average return of 16.73%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.3% in Equity, 0% in Debt and 6.7% in Cash related instruments
AUM size ₹5861 Cr

AUM size ₹5861 Cr

This fund has AUM of ₹5861 Cr which is more than its category average of ₹ 1656 Cr
Expense Ratio 0.72%

Expense Ratio 0.72%

This fund has an expense ratio of 0.72% which is less than its category average expense ratio of 1.39%

Frequently Asked Questions

The current NAV of SBI Banking & Financial Services Fund Direct Growth is ₹40.69 as on 23-Jul-2024.
Existing (Absolute + CAGR) as on 23-Jul-2024.
SBI Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
1.32%
1.32%
6 Month Returns
17.84%
17.84%
1 Year Returns
28.31%
28.31%
3 Years Returns
59.01%
16.72%
5 Years Returns
117.25%
16.79%
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0.72% as on June 2024
₹5861 Cr as on June 2024
HDFC Bank Ltd(25.04%), ICICI Bank Ltd(17.67%), Kotak Mahindra Bank Ltd(9.53%), State Bank of India(4.96%), Power Finance Corp Ltd(4.47%) as on June 2024
The alpha ratio for the SBI Banking & Financial Services Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
SBI Banking & Financial Services Fund Direct Growth
15.96
4.59
3.51
As on June 2024
The alpha for SBI Banking & Financial Services Fund 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 Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
SBI Banking & Financial Services Fund Direct Growth
0.69
0.83
0.95
As on June 2024
The Beta for SBI Banking & Financial Services Fund 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 Fund 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 Fund Direct Growth
1.98
0.79
0.52
As on June 2024
The sharpe ratio for SBI Banking & Financial Services Fund 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 Fund 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 Fund Direct Growth
11.73
14.75
24.64
As on June 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 1.3 as on June 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.53 as on June 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 Fund Direct Growth
The Exit load of SBI Banking & Financial Services Fund Direct Growth is 0.5%