SBI Banking & Financial Services Fund Direct Growth

SBI Banking & Financial Services Fund Direct Growth

NAV as on 28-03-2025

₹ 43.02

0.4%

1D

Inception Returns

15.6%

/yr

Historical NAV & Returns

Absolute

zero opening, trading, fund transfer fee
4925 people have invested ₹ 3.7Cr 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

  1. SBI Banking & Financial Services Fund Direct Growth has ₹6475 Cr worth of assets under management (AUM) as on Feb 2025 and is more than category average.
  2. The fund has an expense ratio 0.9.

Returns

SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 15.57% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 18.72%, 19.86% and 25.09% respectively.

Holdings

SBI Banking & Financial Services Fund Direct Growth has allocated its funds majorly in Financial Services, Cash Equivalent, Government. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, Kotak Mahindra Bank Ltd, BSE Ltd

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 benefit
Dividends 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 ratio0.9%
Benchmark
S&P BSE BANKEX INR
AUM₹6475 Cr
Inception Date26 February, 2015
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
107.91%
STCGSelling mutual fund before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

INDmoney Rank for SBI Banking & Financial Services Fund Direct Growth

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IND ranking is not available for this fund.
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Among most bought funds within the category
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Larger AUM within category
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Beats FD returns for both 3Y & 5Y duration
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No bad points found for this fund.

Trailing Returns

as on (28-Mar-25)

Period
SBI Banking & Financial Services Fund Direct Growth
Nifty 500
sector - financial services
1M
7.8%
7.3%
7.2%
3M
1.4%
-4.6%
-0.5%
6M
-1.5%
-12%
-5.8%
1Y
18.7%
5.4%
8.7%
3Y
19.9%
12.7%
16.6%
5Y
25.1%
25.9%
23.6%

Fund Distribution

as on (28-Feb-25)

  • Equity 90.4%

  • Debt & Cash 9.6%

Large cap
63.9%

Mid cap
13.9%

Small cap
12.6%

Sector Allocation

Feb'25

Jan'25

Dec'24

Financial Services
100%
All changes are between Dec'24 and Feb'25
Dec'24
Fund Returns
-1.77%
Nifty 500
-2.02%
Parameters
Feb'25
Jan'25
Dec'24
AUM
₹ 6.5K Cr
₹ 6.6K Cr
₹ 6.6K Cr
  • AUM of the fund stands at 6.5K Cr as of Feb'25
  • AUM decreased by 81.1 Cr between Feb'25 and Jan'25
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 12.99% to 27.06%
HDFC Bank Ltd's allocation increased from 12.99% to 27.06%
BSE Ltd's allocation increased from 0.74% to 3.25%
BSE Ltd's allocation increased from 0.74% to 3.25%
Axis Bank Ltd's allocation increased from 7.99% to 9.86%
Axis Bank Ltd's allocation increased from 7.99% to 9.86%
Top Stocks sold last month
ICICI Bank Ltd's allocation decreased from 14.4 % to 14.01 %
ICICI Bank Ltd's allocation decreased from 14.4 % to 14.01 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.84 % to 9.38 %
Kotak Mahindra Bank Ltd's allocation decreased from 9.84 % to 9.38 %
Muthoot Finance Ltd's allocation decreased from 4.71 % to 2.69 %
Muthoot Finance Ltd's allocation decreased from 4.71 % to 2.69 %
Large Cap allocation has gone up from 55.2% to 63.9%
Large Cap allocation has gone up from 55.2% to 63.9%
Small Cap allocation has gone down from 14.1% to 12.6%
Small Cap allocation has gone down from 14.1% to 12.6%
Mid Cap allocation has gone down from 16.4% to 13.9%
Mid Cap allocation has gone down from 16.4% to 13.9%
Cash allocation has gone down from 14.2% to 9.5%
Cash allocation has gone down from 14.2% to 9.5%
Debt allocation has gone up from 0.1% to 0.1%
Debt allocation has gone up from 0.1% to 0.1%

Top 2 Sectors in February were Financial Services, Government

Feb'25
Financial Services
100%
Government
Jan'25
Financial Services
100%
Government
Fund
Feb'25
Jan'25
Dec'24
No of Holdings
27
29
27
Top 5 Company Concentration
63.6%
49.9%
53.2%
Company having highest exposure
HDFC Bank Ltd (27.1%)
ICICI Bank Ltd (14.4%)
ICICI Bank Ltd (21%)
No of Sectors
2
2
2
Top 5 Sectors Concentration
100.8%
100.5%
100.4%
Sector having highest exposure
Financial Services (100%)
Financial Services (100%)
Financial Services (100%)
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Milind Agrawal
Milind Agrawal
Fund Manager of SBI Banking & Financial Services Fund Direct Growth, since 1 August 2019
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
SBI Banking & Financial Services Direct Growth
19.86%
16.59%
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.63L Cr
as on 28-Feb-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

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In the last 3 years, Sundaram Financial Services Opportunities Fund Direct Plan Growth Option has given 20.71% return, outperforming this fund by 0.85% per annum.
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Over the last 1 month, this fund has increased expense ratio by 23.3% moving from 0.73 to 0.90.
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In the last 5 years, Nippon India Banking & Financial Services Fund Direct Plan - Growth has given 28.61% return, outperforming this fund by 3.52% per annum.
Insights icon
Over the last 6 months, this fund has experienced a 5.8% growth in AUM moving from 6.12K Cr to 6.47K Cr.
Insights icon
In the last 1 year, DSP Banking & Financial Services Fund Direct Growth has given 25.04% return, outperforming this fund by 6.32%.
Insights icon
This fund expense ratio is slightly on the lower side within the category (sector - financial services). Its expense ratio is 0.9% which is lower than the category average expense ratio of 1.09%.

SBI Banking & Financial Services Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 15.57% since inception which is more than its category average return of 13.19%
Fund Allocations

Fund Allocations

This fund has an allocation of 90.38% in Equity, 0.08% in Debt and 9.55% in Cash related instruments
AUM size ₹6475 Cr

AUM size ₹6475 Cr

This fund has AUM of ₹6475 Cr which is more than its category average of ₹ 1792 Cr
Expense Ratio 0.9%

Expense Ratio 0.9%

This fund has an expense ratio of 0.9% which is less than its category average expense ratio of 1.28%
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Frequently Asked Questions for SBI Banking & Financial Services Fund Direct Growth

The current NAV of SBI Banking & Financial Services Fund Direct Growth is ₹43.02 as on 28-Mar-2025.
Existing (Absolute + CAGR) as on 28-Mar-2025.
SBI Banking & Financial Services Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
7.8%
7.8%
6 Month Returns
-1.49%
-1.49%
1 Year Returns
18.72%
18.72%
3 Years Returns
72.19%
19.86%
5 Years Returns
206.25%
25.09%
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0.9% as on March 2025
₹6475 Cr as on March 2025
HDFC Bank Ltd(27.06%), ICICI Bank Ltd(14.01%), Axis Bank Ltd(9.86%), Kotak Mahindra Bank Ltd(9.38%), BSE Ltd(3.25%) 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
-1.5
5.21
2.43
As on March 2025
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
0.94
0.83
0.95
As on March 2025
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
0.47
0.77
0.46
As on March 2025
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
10.67
13.07
24.33
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 1.45 as on March 2025. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 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%