SBI Banking and PSU Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 27-11-2024
₹ 3137.77
Inception Returns
7.9%
/yr
About SBI Banking and PSU Fund Direct Growth
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.
Key Parameters
- SBI Banking and PSU Fund Direct Growth has ₹3818 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.
Returns
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 8.35%, 5.96% and 6.37% respectively.
Holdings
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, 7.34% Govt Stock 2064, Nuclear Power Corporation Of India Limited, National Bank For Financing Infrastructure And Development, Ongc Petro Additions Ltd.
Taxation
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.
Investment objective of SBI Banking and PSU Fund Direct Growth
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 and lockin period
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.
Historical NAV & Returns
SBI Banking and PSU Fund Direct Growth Overview
| Expense ratio | 0.34% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹3818 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 slab rates without indexation. |
| Risk |   Low to Moderate Risk |
Trailing Returns
as on (27-Nov-24)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 3.8K Cr as of Oct'24
- AUM increased by 16.1 Cr between Oct'24 and Sep'24
Top 2 Sectors in October were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 7.1% Govt Stock 2034 | 9.58% | 554.2% | |
7.34% Govt Stock 2064 | 9.51% | 0% | |
Nuclear Power Corporation Of India Limited | 5.41% | 0% | |
National Bank For Financing Infrastructure And Development | 4.77% | 50% | |
Ongc Petro Additions Ltd. | 4.61% | 0% |
Mutual Fund Insights
SBI Banking and PSU Fund Direct Growth Highlights
Low to Moderate Risk
About the fund
AUM size ₹3818 Cr
Expense Ratio 0.34%
Frequently Asked Questions for SBI Banking and PSU Fund Direct Growth
SBI Banking and PSU Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.43% | 0.43% |
6 Month Returns | 4.13% | 4.13% |
1 Year Returns | 8.35% | 8.35% |
3 Years Returns | 18.98% | 5.96% |
5 Years Returns | 36.2% | 6.37% |
- 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.
AAA | 88.28 |
AA | 11.72 |