SBI Banking & Financial Services Fund Direct Growth
NAV as on 23-04-2025
₹ 45.34
1D
Inception Returns
16.1%
/yr
Historical NAV & Returns
Absolute
▲
▼
4868 people have invested ₹ 6.8Cr in SBI Banking & Financial Services Fund Direct Growth in the last three months
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 ₹7111 Cr worth of assets under management (AUM) as on Mar 2025 and is more than category average.
- The fund has an expense ratio 0.8.
Returns
SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.05% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 21.70%, 20.86% and 25.43% respectively.
Holdings
SBI Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd, Axis Bank Ltd, SBI Cards and Payment Services Ltd Ordinary Shares
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 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
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.
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.
SBI Banking & Financial Services Fund Direct Growth Overview
| Expense ratio | 0.76% |
Benchmark | Nifty Financial Services TR INR |
| AUM | ₹7111 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 |
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.
Trailing Returns
as on (23-Apr-25)
Fund Distribution
as on (31-Mar-25)
Large cap
64.3%
Small cap
11%
Mid cap
9.6%
Sector Allocation
Financial Services
100%
All changes are between Jan'25 and Mar'25
- This fund’s returns stands at 7.80% whereas the fund’s underlying benchmark Nifty 500 returns stands at 7.25% as on Mar'25
- This fund outperformed Nifty 500 by 0.55% in Mar'25
- AUM of the fund stands at 7.1K Cr as of Mar'25
- AUM increased by 636.5 Cr between Mar'25 and Feb'25
Top Stocks bought last month
Kotak Mahindra Bank Ltd's allocation increased from 9.38% to 9.74%
Bank of India's allocation increased from 1.79% to 2.14%
CARE Ratings Ltd's allocation increased from 0.5% to 0.84%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 27.06 % to 26 %
Axis Bank Ltd's allocation decreased from 9.86 % to 9.74 %
SBI Cards and Payment Services Ltd Ordinary Shares's allocation decreased from 2.63 % to 2.52 %
Mid Cap allocation has gone down from 13.9% to 9.6%
Large Cap allocation has gone up from 63.9% to 64.3%
Small Cap allocation has gone down from 12.6% to 11%
Cash allocation has gone up from 9.5% to 15.1%
Debt allocation has gone down from 0.1% to 0%
Top 2 Sectors in March were Financial Services, Government
Mar'25
Financial Services
100%
Feb'25
Financial Services
100%
Government
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 26% | 0% | |
 ICICI Bank Ltd | 14.29% | 0% | |
 Axis Bank Ltd | 9.74% | 0% | |
 Kotak Mahindra Bank Ltd | 9.74% | 0% | |
 SBI Cards and Payment Services Ltd Ordinary Shares | 2.52% | 0% |
See all
Funds | 1Y Returns | 3Y Returns | 5Y Returns | Since Inception |
|---|---|---|---|---|
SBI Banking & Financial Services Fund Direct Growth | 21.7% | 20.86% | 25.43% | 16.05% |
 Tata Banking & Financial Services Fund Direct Growth | 22.05% | 22.42% | 24.66% | 18.63% |
 Mirae Asset Banking and Financial Services Fund Direct Growth | 19.67% | 20.76% | - | 19.05% |
 ICICI Prudential Banking and Financial Services Fund Direct Plan Growth | 19.44% | 17.77% | 25.36% | 16.13% |
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 9% |
 ICICI Bank Ltd | 4.3% |
 Kotak Mahindra Bank Ltd | 4.3% |
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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
₹7.37L Cr
as on 31-Mar-2025
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, DSP Banking & Financial Services Fund Direct Growth has given 28.27% return, outperforming this fund by 6.57%.
In the last 5 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 30.27% return, outperforming this fund by 4.84% per annum.
Over the last 1 month, this fund has experienced a 9.8% growth in AUM moving from 6.47K Cr to 7.11K Cr.
Over the last 1 month, this fund has increased expense ratio by 4.1% moving from 0.73 to 0.76.
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.76% which is lower than the category average expense ratio of 1.07%.
In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 23.61% return, outperforming this fund by 2.75% 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 16.05% since inception which is more than its category average return of 15.31%
Fund Allocations
This fund has an allocation of 84.85% in Equity, 0% in Debt and 15.15% in Cash related instruments
AUM size ₹7111 Cr
This fund has AUM of ₹7111 Cr which is more than its category average of ₹ 1926 Cr
Expense Ratio 0.76%
This fund has an expense ratio of 0.76% which is less than its category average expense ratio of 1.33%
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5Y CAGR
▲ 32.65
5Y CAGR
▲ 30.31
5Y CAGR
▲ 26.72
5Y CAGR
▲ 32.20
5Y CAGR
▲ 36.74
Frequently Asked Questions for SBI Banking & Financial Services Fund Direct Growth
The current NAV of SBI Banking & Financial Services Fund Direct Growth is ₹45.34 as on 23-Apr-2025.
Existing (Absolute + CAGR) as on 23-Apr-2025.
SBI Banking & Financial Services Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 7.55% | 7.55% |
6 Month Returns | 8.06% | 8.06% |
1 Year Returns | 21.7% | 21.7% |
3 Years Returns | 76.53% | 20.86% |
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0.76% as on March 2025
₹7111 Cr as on March 2025
HDFC Bank Ltd(26%), ICICI Bank Ltd(14.29%), Kotak Mahindra Bank Ltd(9.74%), Axis Bank Ltd(9.74%), SBI Cards and Payment Services Ltd Ordinary Shares(2.52%) as on March 2025
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 | -0.7 | 5.21 | 4.2 |
As on March 2025
The alpha for SBI Banking & Financial Services Fund Direct Growth is calculated against Nifty Financial Services TR 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 | 0.93 | 0.83 | 0.88 |
As on March 2025
The Beta for SBI Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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 | 0.89 | 0.89 | 1.04 |
As on March 2025
The sharpe ratio for SBI Banking & Financial Services Fund Direct Growth is calculated with Nifty Financial Services TR 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 | 12.68 | 13.59 | 18.66 |
As on March 2025
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 1.75 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.7 as on March 2025. 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%