SBI Banking and PSU Fund Direct Plan Growth
Debt
Direct
Banking & Psu
NAV: ₹ 3006.95 as on 16-05-2024
About the Fund
SBI Banking and PSU Fund Direct Plan Growth is a debt fund. This fund was started on 1 January, 2013. The fund is managed by Mohit Jain, Rajeev Radhakrishnan. This fund is suitable to keep your money safe.
Key Parameters
- SBI Banking and PSU Fund Direct Plan Growth has ₹4261 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
- The fund has an expense ratio 0.3.
Fund Performance
110 people have invested ₹ 13.8L in SBI Banking and PSU Fund Direct Plan Growth in the last three months
Overview
 | 0.33% |
 Benchmark | CRISIL Short Term Bond Fund TR INR |
 | ₹4261 Cr |
 | 1 January, 2013 |
 | ₹5000/₹500 |
 | 0% |
 | No Lock-in |
 TurnOver | 177.74% |
SBI Banking and PSU Fund Direct Plan Growth Distribution as on (31-Dec-69)
Credit rating breakup
AAA
89.7%
AA
10.3%
Sector Allocation
Government
52.5%
Corporate
42.8%
Cash Equivalent
4.7%
Top Holdings of SBI Banking and PSU Fund Direct Plan Growth as on (30-Apr-24)
Debt Holdings48
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Nuclear Power Corporation Of India Limited | 4.8% | 0% | |
7.72% Govt Stock 2028 | 4.7% | 0% | |
Power Finance Corporation Ltd. | 3.94% | 0% | |
State Bank of India | 3.53% | 0% | |
Power Finance Corporation Ltd. | 3.52% | 0% |
See all
Monthly Changes Updates
All changes are between Oct'69 and Dec'69
AUM Change
- AUM of the fund stands at 4.3K Cr as of Apr'24
- AUM decreased by 59.2 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
Mutual Fund Insights
Over the last 1 year, this fund has decreased expense ratio by 5.7% moving from 0.35 to 0.33.
In the last 1 year, ICICI Prudential Banking and PSU Debt Fund Direct Plan Growth has given 7.56% return, outperforming this fund by 0.75%.
In the last 5 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.48% return, outperforming this fund by 0.62% per annum.
This fund has one of the lowest expense ratio in the category (banking & psu). Its expense ratio is 0.33% which is lower than the category average expense ratio of 0.55%.
In the last 3 years, UTI Banking & PSU Fund Direct Plan Growth has given 7.46% return, outperforming this fund by 2.25% per annum.
Peer Analysis
Fund Manager
Mohit Jain
Fund Manager of SBI Banking and PSU Fund Direct Plan Growth, since 22 January 2020
Top funds managed
Rajeev Radhakrishnan
Fund Manager of SBI Banking and PSU Fund Direct Plan Growth, since 16 November 2013
Top funds managed
SBI Banking and PSU Fund Direct Plan Growth Highlights
Low to Moderate Risk
Investors understand that their principal will be at Low to Moderate Risk
About the fund
This fund has delivered an average annual returns of 7.89% since inception which is more than its category average return of 5.48%
AUM size ₹4261 Cr
This fund has AUM of ₹4261 Cr which is more than its category average of ₹ 3677 Cr
Expense Ratio 0.33%
This fund has an expense ratio of 0.33% which is less than its category average expense ratio of 0.49%
Frequently Asked Questions
The current NAV of SBI Banking and PSU Fund Direct Plan Growth is ₹3006.95 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
SBI Banking and PSU Fund Direct Plan Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.6% | 0.6% |
6 Month Returns | 3.77% | 3.77% |
1 Year Returns | 6.82% | 6.82% |
3 Years Returns | 16.47% | 5.21% |
5 Years Returns | 39.38% | 6.87% |
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.
0.33% as on April 2024
₹4261 Cr as on April 2024
Nuclear Power Corporation Of India Limited(4.8%), 7.72% Govt Stock 2028(4.7%), Power Finance Corporation Ltd.(3.94%), State Bank of India(3.53%), Power Finance Corporation Ltd.(3.52%) as on April 2024
Government(52.5%), Corporate(42.82%), Cash Equivalent(4.69%) as on April 2024
Yield to Maturity is 7.6 as on April 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 4.01 as on April 2024. Modified Duration tells the sensitivity of the price of a bond to a change in interest rate.
AAA | 89.74 |
AA | 10.26 |
Mohit Jain, Rajeev Radhakrishnan are the fund managers of SBI Banking and PSU Fund Direct Plan Growth
The Exit load of SBI Banking and PSU Fund Direct Plan Growth is 0%