SBI Banking & Financial Services Fund - Regular Plan - Growth

Sectoral-Banking and Financial Services NAV 28.6061 0 22 September, 2023

Aiming to generate long-term capital appreciation, SBI Banking and Financial Services Fund invests its corpus in the equity and equity-related securities of the companies engaged in banking and financial services. SBI Banking and Financial Services Fund- Growth Plan is suitable for investors who have knowledge of the sector as well as a high-risk appetite.

Fund Details

Category Sectoral-Banking and Financial Services
Fund Type Open Ended
Investment Plan Growth
Launch Date 02 January, 2015
Benchmark NIFTY Financial Services TRI
Asset Size(Cr) 4018.1688000000004
Turn over 84%
Min Investment ₹ 5000
Min SIP Investment ₹ 500
Min Addl Investment ₹ 1000
Exit Load 0.5% for redemption within 30 days
Expense Ratio 1.97
Fund Manager Mohit Jain, Milind Agrawal
Fund House SBI Mutual Fund

Investment Returns (As on 22 Sep, 2023)

Duration Returns Benchmark Category
1 W 1.4% 1.58% 1.23%
1 M 5.86% 4.02% 5.23%
3 M 2.59% 1.44% 3.14%
6 M 0.42% 0.35% 2.67%
1 Y 10.23% 7.25% 15%
2 Y 8.96% 12.49% 12.08%
3 Y 21.37% 23.79% 23.1%
5 Y 10.79% 12.46% 9.03%

Risk Mesasures (As on 22 Sep, 2023)

Std Dev Sharpe Beta Alpha
Fund 21.47 0.83 -1.08 0.84
Benchmark 0 0 0 0
Returns Compare with Others
  • 1Y
  • 3Y
  • 5Y

Portfolio (As on 30 Jun, 2023)

Assets Allocation

Sector Holdings
Others 3.48%

Return Calculator

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Disclaimer: Above returns are calculated on the basis of historical NAV movement for the selected period. However, historical performance does not guarantee future returns. Investors must take investment decisions based on his/her own requirements.

Peer Comparison

Fund Name 1 Yr Rtn. 3 Yr Rtn. 5 Yr Rtn.
SBI Banking & Financial Services Fund - Regular Plan - Growth 10.23% 21.37% 10.79%

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SBI Banking & Financial Services Fund Growth: Splendid Scheme from a Promising Sector

SBI Banking & Financial Services Fund is a late but impressive scheme in the category of banking - sectoral mutual fund. It was introduced by SBI Mutual Funds in February 2015 to fulfill the demand of a mutual fund which invests entirely in the companies which belong to the banking & financial sector. Within a short span, investors have enjoyed spectacular returns from the SBI Banking & Financial Services fund. It has provided some of the best returns while offering minimal risk among the other schemes of the category.

Why Invest in SBI Banking & Financial Services Fund Growth?

SBI Banking & Financial Services Fund Growth is the top performer in the category of banking sectoral mutual funds. It has provided high returns of 17% and 40% in 2016 and 2017, respectively. As the market has been positive and supportive for the banking and financial stocks in the last few years, sectoral banking funds have enjoyed great profits. The sector is likely to follow similar trends in the future, hence SBI Banking & Financial Services Fund G can turn out to be a good bet for long-term investment.
The returns of SBI Banking & Financial Services Fund since inception has been the best in the category. It takes the advantage from banking and financial firms of every size, however approximately 30% of the corpus is generally kept in HDFC Bank and ICICI Bank. Less number of stocks are chosen by the fund manager. The portfolio is majorly concentrated over financial giants of the economy, but a decent allocation in the mid and small caps is also done to amplify the returns. Overall, it is a top performer in the category and is one of the best schemes which offers lower risk than the category and provides higher returns.

Why Invest in SBI Banking & Financial Services Fund with MySIPonline?

Investors are considered as a top priority as we have user-friendly customer support staff who strives to answer every query and solve every issue as conveniently as possible. Every needs and desire of the investors are considered along checking the risk appetite and investment horizon of the investor before suggesting the scheme. SBI Banking & Financial Services Fund G is advised to the investors who have experience of investing before and can take the high risk as it is a sectoral fund and is not suitable for new investors.

Is Investing in Banking Sector a Good Idea?

The answer to this question is arguable. However, the banking stocks can be highly beneficial if the investment is done for a longer tenure. A majority of mutual funds have banking and financial stocks in higher proportion as these stocks have the ability to generate high returns on a regular basis. But if the investor is conservative or cannot keep track of equity market trends, banking sectoral mutual fund is not a healthy option. Regular assistance by the financial experts is needed. Investing in sectoral banking fund is a very good idea for the investors who can take high risk and take smart decisions according to the market conditions. Magnificent returns can be provided by the banking sectoral mutual funds in the favourable market conditions or long-term SIPs.

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