SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment
Equity
Direct
Sector - Financial Services
NAV: ₹ 27.9 as on 21-09-2023
Fund Performance
26 people have invested ₹ 76.2K in SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment in the last three months
About the Fund
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment 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
- SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment has ₹4204 Cr worth of assets under management (AUM) as on Aug 2023 and is more than category average.
- The fund has an expense ratio 0.8.
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment Overview
 | 0.78% |
 Benchmark | S&P BSE BANKEX INR |
 | ₹4204 Cr |
 | 26 February, 2015 |
 | ₹5000/₹500 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 84% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
73.4%
Mid cap
14.1%
Small cap
8.2%
Sector Allocation
Financial Services
100%
Top Holdings of SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment as on (31-Aug-23)
Equity Holdings21
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -3.67% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund underperformed Nifty 500 by 2.92% in Aug'23
AUM Change
- AUM of the fund stands at 4.2K Cr as of Aug'23
- AUM decreased by 160.1 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 REC Ltd | 19.3% |
 LIC Housing Finance Ltd | 1.3% |
 HDFC Life Insurance Company Ltd | 0.3% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 HDFC Bank Ltd | -5.5% |
 ICICI Bank Ltd | -3.6% |
Peer Analysis
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment Fund Manager
Mohit Jain
Fund Manager of SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment, since 30 November 2017
Top funds managed
Milind Agrawal
Fund Manager of SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment, since 1 August 2019
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.42% since inception which is less than its category average return of 27.51%
Fund Allocations
This fund has an allocation of 95.78% in Equity, 0% in Debt and 4.22% in Cash related instruments
AUM size ₹4204 Cr
This fund has AUM of ₹4204 Cr which is more than its category average of ₹ 1453 Cr
Expense Ratio 0.78%
This fund has an expense ratio of 0.78% which is less than its category average expense ratio of 1.48%
Frequently Asked Questions
The current NAV of SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment is ₹27.93 as on 21-Sep-2023.
Existing (Absolute + CAGR) as on 21-Sep-2023.
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment | Absolute Returns | CAGR Returns |
1 Month Returns | 4.64% | 4.64% |
6 Month Returns | 20.79% | 20.79% |
1 Year Returns | 10.06% | 10.06% |
3 Years Returns | 91.8% | 24.25% |
5 Years Returns | 88.11% | 13.47% |
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0.78% as on August 2023
₹4204 Cr as on August 2023
HDFC Bank Ltd(18%), ICICI Bank Ltd(16.62%), Bajaj Finance Ltd(9.73%), Kotak Mahindra Bank Ltd(7.53%), State Bank of India(6.19%) as on August 2023
The alpha ratio for the SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment | 1.59 | 1.52 | -0.21 |
As on August 2023
The alpha for SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment 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 And Financial Services Fund - Direct Plan-Idcw Reinvestment for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment | 0.9 | 0.9 | 0.97 |
As on August 2023
The Beta for SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment 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 And Financial Services Fund - Direct Plan-Idcw Reinvestment for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment | 0.3 | 0.81 | 0.35 |
As on August 2023
The sharpe ratio for SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment 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 And Financial Services Fund - Direct Plan-Idcw Reinvestment for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment | 12.68 | 20.23 | 25.78 |
As on August 2023
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 1.68 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.02 as on August 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Mohit Jain, Milind Agrawal are the fund managers of SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment
The Exit load of SBI Banking And Financial Services Fund - Direct Plan-Idcw Reinvestment is 0.5%