SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl

Equity
Direct
Sector - Financial Services
SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl

About the Fund

SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl has ₹5387 Cr worth of assets under management (AUM) as on May 2024 and is more than category average.
  2. The fund has an expense ratio 0.8.

Returns

SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl has given a CAGR return of 16.16% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 34.41%, 17.25% and 15.64% respectively.

Holdings

SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Kotak Mahindra Bank Ltd, State Bank of India, Nippon Life India Asset Management Ltd Ordinary Shares

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 Direct Payout Inc Dist cum Cap Wdrl

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 0.00. SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
17 people have invested ₹ 92K in SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio0.75%
Benchmark
S&P BSE BANKEX INR
AUM₹5387 Cr
Inception Date26 February, 2015
Min Lumpsum/SIP₹5000/--
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
84%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (31-May-24)

  • Equity 93.1%

  • Debt & Cash 6.9%

Large cap
67.3%

Mid cap
17.5%

Small cap
8.4%

Sector Allocation

May'24

Apr'24

Mar'24

Financial Services
100%
All changes are between Mar'24 and May'24

Returns for the month of May

  • Gainers

  • Losers

Milind Agrawal
Milind Agrawal
Fund Manager of SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl, since 1 August 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Banking & Financial Services Direct Growth
17.25%
18.04%
Mohit Jain
Mohit Jain
Fund Manager of SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl, since 30 November 2017

SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl 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 16.16% since inception which is less than its category average return of 18.05%
Fund Allocations

Fund Allocations

This fund has an allocation of 93.13% in Equity, 0% in Debt and 6.87% in Cash related instruments
AUM size ₹5387 Cr

AUM size ₹5387 Cr

This fund has AUM of ₹5387 Cr which is more than its category average of ₹ 1523 Cr
Expense Ratio 0.75%

Expense Ratio 0.75%

This fund has an expense ratio of 0.75% which is less than its category average expense ratio of 1.33%

Frequently Asked Questions

The current NAV of SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl is ₹35.97 as on 21-Jun-2024.
Existing (Absolute + CAGR) as on 21-Jun-2024.
SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
6.29%
6.29%
6 Month Returns
16.76%
16.76%
1 Year Returns
34.41%
34.41%
3 Years Returns
61.17%
17.25%
5 Years Returns
106.8%
15.64%
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0.75% as on May 2024
₹5387 Cr as on May 2024
ICICI Bank Ltd(19.01%), HDFC Bank Ltd(16.74%), Kotak Mahindra Bank Ltd(9.67%), State Bank of India(8.99%), Nippon Life India Asset Management Ltd Ordinary Shares(3.74%) as on May 2024
The alpha ratio for the SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl
15.82
4.78
3.32
As on May 2024
The alpha for SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl
0.7
0.84
0.95
As on May 2024
The Beta for SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
1.83
0.65
0.46
As on May 2024
The sharpe ratio for SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl 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 Payout Inc Dist cum Cap Wdrl
10.9
14.45
24.54
As on May 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 1.05 as on May 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.63 as on May 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Milind Agrawal, Mohit Jain are the fund managers of SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl
The Exit load of SBI Banking & Financial Services Direct Payout Inc Dist cum Cap Wdrl is 0.5%