SBI Banking & Financial Services Fund Direct Growth
Equity
Direct
Sector - Financial Services
NAV as on 23-12-2024
₹ 42.58
1D
Inception Returns
15.9%
/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 Milind Agrawal. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Banking & Financial Services Fund Direct Growth has ₹6548 Cr worth of assets under management (AUM) as on Nov 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 15.86% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.78%, 19.76% and 14.94% 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, State Bank of India
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
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4846 people have invested ₹ 3.7Cr 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.
5Y returns in the top 25% of the category
Among most bought funds within the category
Larger AUM within category
No bad points found for this fund.
SBI Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.73% |
Benchmark | S&P BSE BANKEX INR |
| AUM | ₹6548 Cr |
| Inception Date | 26 February, 2015 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 107.91% |
| STCG | Selling mutual fund 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 (23-Dec-24)
Fund Distribution
as on (30-Nov-24)
Large cap
54.3%
Mid cap
17.7%
Small cap
15%
Sector Allocation
Financial Services
100%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 1.09% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.60% as on Nov'24
- This fund outperformed Nifty 500 by 1.69% in Nov'24
- AUM of the fund stands at 6.5K Cr as of Nov'24
- AUM increased by 91.5 Cr between Nov'24 and Oct'24
Top Stocks bought last month
ICRA Ltd's allocation increased from 0.6% to 1.19%
PB Fintech Ltd's allocation increased from 2.22% to 2.69%
CARE Ratings Ltd's allocation increased from 0.2% to 0.67%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 21.69 % to 21.51 %
Muthoot Finance Ltd's allocation decreased from 4.5 % to 4.38 %
Nippon Life India Asset Management Ltd Ordinary Shares's allocation decreased from 3.11 % to 2.97 %
Mid Cap allocation has gone down from 19.3% to 17.7%
Large Cap allocation has gone up from 53.4% to 54.3%
Small Cap allocation has gone down from 15.2% to 15%
Cash allocation has gone up from 11.6% to 12.5%
Top Sector in November was Financial Services
Nov'24
Financial Services
100%
Oct'24
Financial Services
100%
See all
Top Growth Drivers | 1M Return |
|---|---|
PB Fintech Ltd | 24.3% |
 Power Finance Corporation Ltd | 6% |
 HDFC Bank Ltd | 3% |
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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
₹7.65L Cr
as on 29-Nov-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
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.73% which is lower than the category average expense ratio of 1.04%.
Over the last 1 year, this fund has decreased expense ratio by 7.6% moving from 0.79 to 0.73.
In the last 5 years, Invesco India Financial Services Fund Direct Plan Growth has given 16.29% return, outperforming this fund by 1.35% per annum.
Over the last 6 months, this fund has experienced a 21.6% growth in AUM moving from 5.38K Cr to 6.54K Cr.
In the last 1 year, Invesco India Financial Services Fund Direct Plan Growth has given 23.41% return, outperforming this fund by 0.63%.
In the last 3 years, Invesco India Financial Services Fund Direct Plan Growth has given 22.54% return, outperforming this fund by 2.78% 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 15.86% since inception which is more than its category average return of 14.67%
Fund Allocations
This fund has an allocation of 87.47% in Equity, 0% in Debt and 12.53% in Cash related instruments
AUM size ₹6548 Cr
This fund has AUM of ₹6548 Cr which is more than its category average of ₹ 1757 Cr
Expense Ratio 0.73%
This fund has an expense ratio of 0.73% 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 ₹42.58 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
SBI Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.23% | 2.23% |
6 Month Returns | 5.16% | 5.16% |
1 Year Returns | 22.78% | 22.78% |
3 Years Returns | 71.77% | 19.76% |
5 Years Returns | 100.6% | 14.94% |
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0.73% as on November 2024
₹6548 Cr as on November 2024
ICICI Bank Ltd(21.51%), HDFC Bank Ltd(14.99%), Kotak Mahindra Bank Ltd(7.95%), Muthoot Finance Ltd(4.38%), State Bank of India(4.02%) as on November 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 | 13.83 | 7.05 | 3.83 |
As on November 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 | 0.84 | 0.94 |
As on November 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 | 2.2 | 0.94 | 0.52 |
As on November 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 | 9.88 | 13.33 | 24.22 |
As on November 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 1.74 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.12 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Milind Agrawal is the fund manager of SBI Banking & Financial Services Fund Direct Growth
The Exit load of SBI Banking & Financial Services Fund Direct Growth is 0.5%