SBI Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 18-10-2024
₹ 42.68
▲0.8%
1D
Inception Returns
16.2%
/yr
About SBI Banking & Financial Services Fund Direct Growth
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
- SBI Banking & Financial Services Fund Direct Growth has ₹6407 Cr worth of assets under management (AUM) as on Sep 2024 and is more than category average.
- The fund has an expense ratio 0.7.
Returns
SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.24% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 35.73%, 14.54% and 17.32% respectively.
Holdings
SBI Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are ICICI Bank Ltd, HDFC Bank Ltd, Kotak Mahindra Bank Ltd, Muthoot Finance Ltd, Cholamandalam Financial Holdings 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 benefitDividends 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.
Historical NAV & Returns
Annualised
▲
▼
5027 people have invested ₹ 3.6Cr in SBI Banking & Financial Services Fund Direct Growth in the last three months
INDmoney Rank for SBI Banking & Financial Services Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
Among most bought funds within the category
Larger AUM within category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
SBI Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.74% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹6407 Cr |
| Inception Date | 26 February, 2015 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 107.91% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (18-Oct-24)
Fund Distribution
as on (30-Sep-24)
Large cap
56.2%
Mid cap
21.5%
Small cap
15.9%
Sector Allocation
Financial Services
100%
All changes are between Jul'24 and Sep'24
- This fund’s returns stands at 3.51% whereas the fund’s underlying benchmark Nifty 500 returns stands at 2.04% as on Sep'24
- This fund outperformed Nifty 500 by 1.47% in Sep'24
- AUM of the fund stands at 6.4K Cr as of Sep'24
- AUM increased by 286.9 Cr between Sep'24 and Aug'24
Top Stocks bought last month
ICICI Bank Ltd's allocation increased from 18.35% to 20.53%
Cholamandalam Financial Holdings Ltd's allocation increased from 2.5% to 3.05%
Karur Vysya Bank Ltd's allocation increased from 2.41% to 2.72%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 16.35 % to 16.26 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.6 % to 9.55 %
Muthoot Finance Ltd's allocation decreased from 5.32 % to 4.78 %
Large Cap allocation has gone down from 64.7% to 56.2%
Small Cap allocation has gone up from 14.1% to 15.9%
Mid Cap allocation has gone up from 14.5% to 21.5%
Cash allocation has gone down from 6.8% to 5.3%
Top Sector in September was Financial Services
Sep'24
Financial Services
100%
Aug'24
Financial Services
100%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Cholamandalam Financial Holdings Ltd | 2.7% |
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Mohit Jain
Fund Manager of SBI Banking & Financial Services Fund Direct Growth, since 30 November 2017
Top funds managed
Milind Agrawal
Fund Manager of SBI Banking & Financial Services Fund Direct Growth, since 1 August 2019
Top funds managed
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.59L Cr
as on 30-Sep-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com
Mutual Fund Insights
In the last 1 year, Quant BFSI Fund Direct Growth has given 39.56% return, outperforming this fund by 3.83%.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 18.07% return, outperforming this fund by 3.53% per annum.
Over the last 6 months, this fund has decreased expense ratio by 3.9% moving from 0.77 to 0.74.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.74% which is lower than the category average expense ratio of 1.04%.
Over the last 6 months, this fund has experienced a 26.7% growth in AUM moving from 5.05K Cr to 6.40K Cr.
In the last 5 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 19.26% return, outperforming this fund by 1.94% per annum.
SBI Banking & Financial Services Fund Direct Growth 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 16.24% since inception which is less than its category average return of 16.45%
Fund Allocations
This fund has an allocation of 94.75% in Equity, 0% in Debt and 5.25% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 1756 Cr
Expense Ratio 0.74%
This fund has an expense ratio of 0.74% which is less than its category average expense ratio of 1.37%
Frequently Asked Questions for SBI Banking & Financial Services Fund Direct Growth
The current NAV of SBI Banking & Financial Services Fund Direct Growth is ₹42.68 as on 18-Oct-2024.
Existing (Absolute + CAGR) as on 18-Oct-2024.
SBI Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.67% | -0.67% |
6 Month Returns | 16.53% | 16.53% |
1 Year Returns | 35.73% | 35.73% |
3 Years Returns | 50.26% | 14.54% |
5 Years Returns | 122.23% | 17.32% |
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0.74% as on September 2024
₹6407 Cr as on September 2024
ICICI Bank Ltd(20.53%), HDFC Bank Ltd(16.26%), Kotak Mahindra Bank Ltd(9.55%), Muthoot Finance Ltd(4.78%), Cholamandalam Financial Holdings Ltd(3.05%) as on September 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 | 16.3 | 5.73 | 3.54 |
As on September 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 | 0.6 | 0.89 | 0.94 |
As on September 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 | 2.6 | 0.75 | 0.59 |
As on September 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 | 10.04 | 14.68 | 24.24 |
As on September 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 1.23 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.89 as on September 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%