Debt
Direct
Banking & Psu
NAV as on 05-09-2024
₹ 3087.87
▲0.1%
1D
Inception Returns
7.9%
/yr
SBI Banking and PSU Fund Direct 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.
SBI Banking and PSU Fund Direct Growth has given a CAGR return of 7.92% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.78%, 5.56% and 6.45% respectively.
SBI Banking and PSU Fund Direct Growth has allocated its funds majorly in Government, Corporate, Cash Equivalent. Its top holdings are 7.1% Govt Stock 2034, Nuclear Power Corporation Of India Limited, 7.18% Govt Stock 2033, GAil (India) Limited, Power Finance Corporation Ltd.
As it is a banking & psu mutual fund the taxation is as follows:If the fund is debt oriented i.e. asset allocation of more than 65% in debt instruments:For short term (less than 3 years) capital gains will be taxed at your income slab rate.For long term (more than 3 years) capital gains will be taxed at 20% with indexation benefit.Dividends will always be taxed at slab rate.
The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Banking and PSU Fund Direct Growth has no lock in period.
Expense ratio | 0.34% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
AUM | ₹3861 Cr |
Inception Date | 1 January, 2013 |
Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0% |
Lock In | No Lock-in |
TurnOver | 130.63% |
STCG | Selling within 36 months, gains taxed at slab rates. |
LTCG | Holding over 3 years, gains taxed at 12.5% without indexation. |
Risk | Low to Moderate Risk |
as on (05-Sep-24)
as on (31-Dec-69)
Top 2 Sectors in July were Government, Corporate
SBI Banking and PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.75% | 0.75% |
6 Month Returns | 4.08% | 4.08% |
1 Year Returns | 7.78% | 7.78% |
3 Years Returns | 17.63% | 5.56% |
5 Years Returns | 36.69% | 6.45% |
AAA | 89.55 |
AA | 10.45 |