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SBI Banking & Financial Services Fund(IDCW)

IDCW
EquitySectoral Fund - Banks & Financial Services
Large-size FundAssets Under Mgmt: ₹ 6,456 Cr
Very High RiskPrinciple investment will be at very high risk
37.871.22% (-0.47)

Price Chart

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Returns
0.00%
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EquitySectoral Fund - Banks & Financial Services
Large-size FundAssets Under Mgmt: ₹ 6,456 Cr
Very High RiskPrinciple investment will be at very high risk

Key Metrics

Expense RatioExpense RatioNo LabelNo LabelNo LabelNo Label
0.7424.061.74
No LabelNo LabelNo LabelNo LabelNo LabelNo Label
1.5027.471.23

Scheme Info

PlanPlanLock inLock inExit LoadExit Load
IDCW0 yrs0.50%
0.50% on or before 30D Nil after 30D
SIP Inv.SIP Inv.Min. LumpsumMin. Lumpsum
Allowed₹ 5,000
Initial: ₹ 5,000 Incremental: ₹ 1,000
BenchmarkBenchmark
Nifty Financial Services - TRI

About Sectoral Fund - Banks & Financial Services

Sectoral Funds - Banks & Financial Services are equity schemes that majorly invest in financial sector companies. It will give exposure to entire financial sector which comprised a wide range of bank and financial services.

Peers & Comparison

Comparing 3 mutual funds from 
EquitySectoral Fund - Banks & Financial Services
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Mutual Fund1Y Returns1Y Returns3Y CAGR3Y CAGRLife CAGRLife CAGR
SBI Banking & Financial Services Fund(IDCW)34.73%14.07%14.70%
ICICI Pru Banking & Fin Serv Fund(IDCW-Payout)13.96%3.59%10.46%
Nippon India Banking & Financial Services Fund(IDCW)17.49%10.34%7.55%
HDFC Banking & Financial Services Fund(IDCW Reinvest)16.64%11.24%14.08%

Price Comparison

Compare SBI Banking & Financial Services Fund(IDCW) with any MF, ETF, stock or index
Compare SBI Banking & Financial Services Fund(IDCW) with any MF, ETF, stock or index
SBI Banking & Financial Services Fund(IDCW)
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Asset Allocation

Actual

Target

Mar 2024

Jun 2024

Sep 2024

Oct 2024

ACTUAL
Cash & EquivalentsEquity11.61%88.39%

Mar 2024

Jun 2024

Sep 2024

Oct 2024

Tickertape Separator

Sector Distribution

+6 moreInsuranceHome FinancingPublic BanksMiscellaneousPrivate Banks19.36 %4.98 %6.63 %8.18 %11.77 %49.08 %

Mar 2024

Jun 2024

Sep 2024

Oct 2024

Tickertape Separator

Sector Weightage

Sep 23Dec 23Mar 24Jun 24Sep 24Oct 2444.91%48.27%54.47%57.10%52.21%49.08%
Private Banks as a % of total holdings for last six quarters
Tickertape Separator

Current Holdings

Equity

Others

  • Constituent
    Holding Weight
    3M Change
  • ICICI Bank Ltd
    ICICIBANK
    3M change : 9.22 %

    Holdings

    21.69 %

    9.22 %
  • HDFC Bank Ltd
    HDFCBANK
    3M change : -7.24 %

    Holdings

    14.69 %

    -7.24 %
  • Kotak Mahindra Bank Ltd
    KOTAKBANK
    3M change : -1.46 %

    Holdings

    7.91 %

    -1.46 %

AMC Profile

With 30 years of rich experience in fund management, SBI Funds Management Ltd. (SBIFML) bring forward their expertise by consistently delivering value to their investors. They have a strong and proud lineage that traces back to the State Bank of India (SBI) - India's largest bank. They are a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies., SBI currently holds 63% stake in SBIFMPL. They have been actively managing their investor's assets not only through our investment expertise in domestic mutual funds, but also offshore funds and portfolio management advisory services for institutional investors.

  • No.of Schemes

    107

  • Total AUM

    ₹ 7,65,540.65 Cr.

Fund Manager Profile

Milind Agrawal

AUM:  ₹6,456.95 Cr.

Sum of AUMs of all funds managed by the fund manager

 | 

Exp: 8yrs

Qualification

B.Tech, PGDM, CFA

Past Experience

Milind Joined SBI Fund Management Private Limited in May 2018 as an Equity Reserach Analyst. He has an experience of over 8 yeras in the Financial Service Industry. Before Joining SBIFMPL, he had worked with Goldman Sachs Services Pct. Ltd. as an Equity Research Analysts for 6 years. Prior to that, he was a Foreign Exchange Reserach Analyst at Vadilal Enterprises Ltd.

Manager Performance (0)

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Tax Implications

Invested period < 1 year

Gains are treated as short-term capital gains and taxed at 20%

Invested period > 1 year

Gains are treated as long-term capital gains and taxed at 12.5%

Let’s calculate your returns after tax

Investment frequency

Monthly

One Time

Monthly Investment Amt. (₹)

Investment period (years)

CAGR (%)
This CAGR is calculated based on the actual past return given by the fund during the selected investment period. This is the annualised growth rate assuming monthly compounding.

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