- Mutual Funds
- SBI Banking & Financial Services Fund - Direct (G)
SBI Banking & Financial Services Fund - Direct (G)
Sectoral / Thematic
- NAV 43.04 (-0.87%)
- Fund Size (Cr) ₹6548.41
- Expense Ratio 0.73
- Scheme Type Active Fund
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Value Research
- Minimum investment ₹5000
- Minimum Additional Investment ₹1000
- Minimum SIP Investment ₹500
- Minimum Withdrawal ₹500
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Exit Load
0.5%
- Return Since Launch 16.13%
Basic Details
Milind Agrawal
Nifty Financial Services TRI
OPEN
Lumpsum Returns
Note: Lumpsum Returns since Inception Date.
SIP Returns
Note: SIP Returns since Inception Date.
Tax Treatment
If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.
Mutual Funds Calculator
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Standard Deviation
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0.10% -
Jension’s Alpha
6.91%
Asset Allocation
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Top 10 stock holding in portfolio
Peer Comparison
- Scheme Name
- Value Research
- Asset Size (Cr)
- 1M
- 3M
- 6M
- 1Y
- 3Y
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SBI Banking & Financial Services Fund - Direct (G)
- 6548.41
- 5.11%
- 1.05%
- 8.99%
- 23.42%
- 19.48%
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LIC MF Infrastructure Fund - Direct (G)
- 852.07
- 8.24%
- 2.81%
- 7.28%
- 55.52%
- 35.41%
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LIC MF Infrastructure Fund - Direct (IDCW)
- 852.07
- 8.24%
- 2.81%
- 7.28%
- 55.46%
- 35.24%
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HDFC Pharma and Healthcare Fund - Direct (G)
- 1459.59
- 4.95%
- 3.28%
- 25.85%
- 52.72%
- -
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HDFC Pharma and Healthcare Fund - Direct (IDCW)
- 1459.59
- 4.95%
- 3.28%
- 25.85%
- 52.72%
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HDFC Defence Fund - Direct (G)
- 4609.59
- 9.41%
- 2.40%
- -7.78%
- 49.33%
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News
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SBI Mutual Fund announces change in Exit Load Structure
SBI Mutual Fund has announced change in exit load structure under following scheme stands revised with effect from 19 December 2024
Change in Exit Load:
Name of the Scheme Existing Exit Load Structure Revised Exit Load Structure SBI Long Duration Fund For exit on or before 90 days from the date of allotment-0.25%
For exit after 90 days from the date of allotment - NILNIL Powered by Capital Market - Live News
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SBI Mutual Fund launches quant fund
SBI Mutual Fund (MF) has introduced the SBI Quant Fund, a new equity investment scheme that employs a rule-based, multi-factor approach to portfolio management. The fund leverages momentum, value, quality, and growth factors to build a diversified investment strategy, guided by the fund house's proprietary quantitative model.
This open-ended equity scheme, benchmarked against the BSE 200 Total Return Index (TRI), is open for subscription until December 18, 2024. Post this period, it will reopen for continuous sale and redemption within five business days after the allotment date.
The SBI Quant Fund requires a minimum initial investment of Rs 5,000, with additional investments allowed in multiples of Re 1. For subsequent purchases, the minimum amount is set at Rs 1,000, also in multiples of Re 1. Investors can redeem or switch out units with a minimum value of Rs 500, or one unit, whichever is lower.
An exit load of 0.5% applies if units are redeemed within six months of allotment, while no charge applies after six months. The fund house emphasized the advantages of a multi-factor strategy over single-factor funds, highlighting its ability to provide diversification, reduce downside risks, and deliver higher risk-adjusted returns.
The scheme's investment allocation includes 80-100% in equity and equity-related instruments selected through its quantitative model. It may also invest up to 20% in other equity instruments, debt securities, or money market instruments, and up to 10% in units issued by REITs and InvITs.
The SBI Quant Fund employs a dynamic allocation model that adjusts weights across the four factors'momentum, value, quality, and growth'based on their relative performance. Overperforming factors receive higher weightage, capped at 35%, while underperforming factors trigger rebalancing if their weight falls below -8%.
The fund's strategy incorporates four key factors: Momentum, which focuses on short- and long-term price performance; Value, identified through low valuation metrics; Quality, characterized by stocks with high return on equity (ROE), consistent earnings growth, and low leverage; and Growth, targeting companies with robust earnings growth and upgrades.
The fund's algorithm aims to reduce volatility, smooth out cyclical returns, and mitigate behavioural biases through its systematic approach.
SBI MF described the fund as an ideal choice for investors seeking exposure to India's growth story through a disciplined, data-driven investment framework. Multi-factor investing combines various factors to smooth out the cyclicality of returns and minimize biases. This fund aims to integrate established equity factors for optimal risk-adjusted returns, making it a compelling choice for long-term investors.
Powered by Capital Market - Live News
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SBI Mutual Fund announces change in Key Personnel
SBI Mutual Fund has announced that Mr. Nand Kishore has been appointed as a Managing Director & CEO on the Board of SBI Management Company Ltd. effective November 23, 2024.
Details of Mr. Nand Kishore
Age: 58 years
Designation: (Managing Director & CEO)
Qualification: B.A, CAIIB
Powered by Capital Market - Live News
Fund House Details & Investment Objective
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Date of Incorporation
11-Feb-2015
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Total AUM (Cr)
₹6548.41
SBI Banking & Financial Services Fund - Direct (G) is an Sectoral / Thematic-oriented fund from the renowned AMC, SBI Mutual Fund. Launched in Feb 2015, this fund is managed by Milind Agrawal. With assets under management (AUM) worth ₹6548.41 (Cr), as of 19-Dec-2024, SBI Banking & Financial Services Fund - Direct (G) is categorized as a Sectoral / Thematic within its segment. The fund has generated a return of 16.13% since its launch.
The current NAV of SBI Banking & Financial Services Fund - Direct (G) is ₹43.04, as on 19-Dec-2024. The fund’s benchmark index is Nifty Financial Services TRI. You can invest in SBI Banking & Financial Services Fund - Direct (G) via both lumpsum and SIP modes. The minimum SIP amount in the fund is ₹500 while the minimum lumpsum investment is ₹5000.
Being an open-ended fund, you can exit the fund anytime subject to applicable exit loads:
For exit within 30 Days from the date of allotment 0.50%. For exit after 30 Days from the date of allotment - NIL.
The fund has generated 19.48% and 15.62% CAGR in the last 3 and 5 years respectively.
The fund aims to provide long-term capital appreciation and growth, by investing in a mix of financial instruments 87.48% in Equity, 9.04% in Debt and 3.48% in cash and cash equivalents
The top 5 sectors the fund invests in are: 57.27% in Banks, 18.54% in Finance, 9.05% in Debt, 5.39% in Capital Markets and 4.98% in Insurance.
FAQs on SBI Banking & Financial Services Fund - Direct (G)
SBI Banking & Financial Services Fund - Direct (G) is a popular fund in the Sectoral / Thematic segment. The fund has generated a return of 16.13% since inception. Looking to invest in SBI Banking & Financial Services Fund - Direct (G)? How about earning 1% extra return? All this is possible with m.Stock! Investing in SBI Banking & Financial Services Fund - Direct (G) is super easy and convenient with m.Stock. Here’s how you can begin:
- Login to your m.Stock account. If you do not have an account, open m.Stock Demat account and enjoy 1% extra returns plus Zero Brokerage across products for life.
- In the ‘Menu’ section, under ‘Products’, select ‘Mutual Funds’ .
- In the search bar, enter the fund name, in this case, SBI Banking & Financial Services Fund - Direct (G)
- On the top right corner you’ll see two options – Lumpsum and SIP. You can choose either based on your risk appetite and available investible corpus.
- If you choose to invest a Lumpsum: Enter amount, select payment mode (UPI or Netbanking), and click on ‘invest a lumpsum’. Make the payment and your lumpsum investment is complete.
- If you choose the SIP route, then enter SIP amount, SIP date, and set up ‘Autopay’ facility.
So, why wait? Invest in SBI Banking & Financial Services Fund - Direct (G) today and reap the benefits of this Sectoral / Thematic fund!
In the short term, i.e., 1 year, SBI Banking & Financial Services Fund - Direct (G) has generated annualised return of 23.42%. In the long-term, the fund has generated 19.48% and 15.62% in 3 and 5 years respectively. Since its inception, the fund has generated 16.13% returns.
The expense ratio of SBI Banking & Financial Services Fund - Direct (G) Direct Growth is 0.73%. Expense ratio is the fees payable by investors of the scheme towards management, research and overall upkeep of the fund. The higher the expense ratio, the lower is the in-hand return for the investor. Expense ratio for direct plans is lower than regular plans, making them ideal for investors.
The Assets Under Management (AUM) of SBI Banking & Financial Services Fund - Direct (G) is ₹6548.41 (Cr) as of 19 December 2024. AUM shows the fund’s popularity and is often indicative of fund strength.
Redeeming or selling units of SBI Banking & Financial Services Fund - Direct (G) is relatively simple. But before you redeem, ensure that the fund has completed the minimum lock-in period else you will be charged an exit load.
To redeem from SBI Banking & Financial Services Fund - Direct (G):
- Login to your m.Stock account
- In portfolio, your mutual fund investments will be visible under ‘MF’
- Select the fund you wish to redeem from (in this case SBI Banking & Financial Services Fund - Direct (G)).
- Click on ‘Redeem’ button
- You have 2 options – redeem by units and redeem by value (you can only redeem free units)
- Select units to be redeemed and click on submit.
- Redemption value will be credited to your account in 2-3 working days (as per timelines set by SEBI).
Yes, you can invest both lumpsum and SIP in SBI Banking & Financial Services Fund - Direct (G). Minimum lumpsum investment SBI Banking & Financial Services Fund - Direct (G) is ₹5000 and minimum SIP amount is ₹500. Lumpsum option is ideal for investors with higher investible corpus and market experience. SIP option is recommended for retail investors who do not have the time or expertise to time the market.
The latest NAV (Net Asset Value) of SBI Banking & Financial Services Fund - Direct (G) is ₹43.04 as on 19 December 2024.
The 5 biggest stock holdings of SBI Banking & Financial Services Fund - Direct (G) are:
ICICI Bank (21.51%), HDFC Bank (14.99%), Kotak Mah. Bank (7.95%), Muthoot Finance (4.38%), St Bk of India (4.02%)
A majority of SBI Banking & Financial Services Fund - Direct (G) 's AUM worth ₹6548.41 (Cr) is invested in these 3 top sectors:
- Banks: 57.27%
- Finance: 18.54%
- Debt: 9.05%
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