SBI Banking and PSU Fund Direct Growth
Debt
Direct
Banking & Psu
NAV as on 11-03-2025
₹ 3200.09
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 Rajeev Radhakrishnan, Ardhendu Bhattacharya. This fund is suitable to keep your money safe.
Key Parameters
- SBI Banking and PSU Fund Direct Growth has ₹3874 Cr worth of assets under management (AUM) as on Dec 1969 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
SBI Banking and PSU Fund Direct Growth has given a CAGR return of 7.90% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 7.62%, 6.41% and 6.23% respectively.
Holdings
SBI Banking and PSU Fund Direct Growth has allocated its funds majorly in Corporate, Government, Cash Equivalent. Its top holdings are 6.79% Government Of India (07/10/2034), Power Grid Corporation Of India Limited, Nuclear Power Corporation Of India Limited, Rural Electrification Corporation Limited, National Bank For Financing Infrastructure And Development
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:Invested before 1 April 2023 and held for less than 24 months, STCG will be taxed at your income slab rate.Invested before 1 April 2023 and held for more than 24 months, LTCG will be taxed at 12.5%.Invested after 1 April 2023, capital gains will be taxed at your income slab rate.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 | 0.39% |
Benchmark | CRISIL Short Term Bond Fund TR INR |
| AUM | ₹3874 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹5000/₹500 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 130.63% |
| STCG | Selling mutual fund within 36 months, gains taxed at slab rates. |
| LTCG | Holding over 3 years, gains taxed at slab rates without indexation. |
| Risk |   Moderate Risk |
Trailing Returns
as on (11-Mar-25)
Fund Distribution
as on (31-Dec-69)
- AUM of the fund stands at 3.8K Cr as of Jan'25
- AUM increased by 68.1 Cr between Jan'25 and Dec'24
Top 2 Sectors in January were Government, Corporate
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 6.79% Government Of India (07/10/2034) | 12.97% | 0% | |
Power Grid Corporation Of India Limited | 5.4% | 0% | |
Nuclear Power Corporation Of India Limited | 5.32% | 0% | |
Rural Electrification Corporation Limited | 5.16% | 0% | |
National Bank For Financing Infrastructure And Development | 4.65% | 0% |
Mutual Fund Insights
SBI Banking and PSU Fund Direct Growth Highlights
Moderate Risk
About the fund
AUM size ₹3874 Cr
Expense Ratio 0.39%
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 | 0.33% | 0.33% |
6 Month Returns | 3.5% | 3.5% |
1 Year Returns | 7.62% | 7.62% |
3 Years Returns | 20.5% | 6.41% |
5 Years Returns | 35.29% | 6.23% |
- 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 | 89.62 |
AA | 10.38 |