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Fincash » Mutual Funds » SBI Banking Financial Services Fund

SBI Banking & Financial Services Fund - G

NAV  ₹32.1799 ↓ -0.15  (-0.48 %) as on 18 Mar 24

Scheme Objective

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.

SBI Banking & Financial Services Fund is a Equity - Sectoral fund launched on 26 Feb 15. It is a fund with High risk and has given a CAGR return of 13.8% since its launch.  Return for 2023 was 18.6% , 2022 was 13.5% and 2021 was 12.1% .

Below is the key information for SBI Banking & Financial Services Fund

NAV as on 18 Mar 24₹32.1799 ↓ -0.15  (-0.48 %)
Net Assets (AUM) as on 31 Jan 2024 ₹4,994 Cr.
Launch Date26 Feb 2015
CategoryEquity - Sectoral
RatingNot Rated
TypeOpen Ended Fund
RiskHigh
AMCSBI Funds Management Private Limited
Alpha Ratio13.55
Expense Ratio1.96 %
Sharpe Ratio1.594
Information Ratio0.57
BenchmarkNot Available
Min Investment ₹5,000
Min SIP Investment ₹500
Exit Load 0-12 Months (1%),12 Months and above(NIL)

Returns

Annual Compounded Returns

Returns up to 1 year are on absolute basis & more than 1 year are on CAGR (Compound Annual Growth Rate) basis. as on 18 Mar 24

DurationReturns
1 Month -1.8%
3 Month 0.4%
6 Month 9.9%
1 Year 32.5%
3 Year 12.6%
5 Year 12.8%
10 Year
15 Year
Since launch 13.8%

Historical Annual Returns

Historical performance (Yearly) on absolute basis

YearReturns
2023 18.6%
2022 13.5%
2021 12.1%
2020 4.8%
2019 20.7%
2018 9.5%
2017 40.7%
2016 17%
2015

Growth of 10k Over Years

DateValue
28 Feb 19₹10,000
29 Feb 20₹12,093
28 Feb 21₹14,255
28 Feb 22₹14,414
28 Feb 23₹15,324
29 Feb 24₹20,032
SBI Banking & Financial Services Fund Growth 10k Chart

Asset Allocation

Asset ClassValue
Cash4.18%
Equity95.82%
SBI Banking & Financial Services Fund Asset Allocation

Sector Allocation

SectorValue
Financial Services95.82%
SBI Banking & Financial Services Fund Equity Allocation

Top Securities Holdings / Portfolio

Holdings/Securities

NameGlobal IndustryHoldingValueQuantity
ICICI Bank Ltd (Financial Services)
Equity, Since 31 Dec 16 | ICICIBANK
Banks - Regional18%₹893 Cr8,485,814
↓ -600,000
HDFC Bank Ltd (Financial Services)
Equity, Since 28 Feb 15 | HDFCBANK
Banks - Regional10%₹493 Cr3,513,920
Kotak Mahindra Bank Ltd (Financial Services)
Equity, Since 28 Feb 23 | KOTAKBANK
Banks - Regional10%₹473 Cr2,800,000
↑ 250,000
State Bank of India (Financial Services)
Equity, Since 31 Jul 18 | SBIN
Banks - Regional8%₹422 Cr5,635,000
↑ 3,000,000
REC Ltd (Financial Services)
Equity, Since 31 Aug 23 | 532955
Credit Services5%₹230 Cr5,200,000
SBI Life Insurance Company Limited (Financial Services)
Equity, Since 31 Jan 24 | SBILIFE
Insurance - Life4%₹186 Cr1,200,000
Canara Bank (Financial Services)
Equity, Since 31 Dec 22 | 532483
Banks - Regional4%₹177 Cr3,129,552
Shriram Finance Ltd (Financial Services)
Equity, Since 30 Sep 23 | SHRIRAMFIN
Credit Services4%₹176 Cr720,000
Nippon Life India Asset Management Ltd Ordinary Shares (Financial Services)
Equity, Since 31 Aug 23 | NAM-INDIA
Asset Management3%₹174 Cr3,369,568
↓ -838
Bank of India (Financial Services)
Equity, Since 31 Dec 23 | BANKINDIA
Banks - Regional3%₹165 Cr12,545,197
↑ 2,000,000
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Fund Managers

NameSinceTenure
Mohit Jain30 Nov 176.25 Yr.
Milind Agrawal1 Aug 194.58 Yr.

Custodians

CompanyAddress
Bank of Nova Scotia12/13, Maker Chamber VI,220, Nariman Point
HDFC Bank LtdHDFC Bank House,Kamala Mills Compound,Senapati Bapat Marg,,Lower Parel (W),
SBI-SG Global Securities Services Private Limited“B Wing”, “Jeevan Seva” Annexe Bldg.,Ground Floor, S.V. Road,Santacruz (W),,Mumbai – 400054

Registrar & Transfer Agent

Computer Age Management Services Ltd
AddressNew No.10, Old No.178,,Kodambakkam High Road,,Opp. Hotel Palmgrove,,Nungambakkam
FAX91-44-28283610
Emailenq_L@camsonline.com

Administrator Companies

CompanyAddress
SBI Mutual Fund191"E", Maker Tower,Cuffe Parade

Auditors

CompanyAddress
M/s. M. M. Nissim & Co.3rdFloor, B Wing, Barodawala Mansion, 81,,Dr. Annie Besant Road, Worli,

All Plan & Options

Fund and PlanNAV6 Month1 Year3 Year5 Year
SBI Banking & Financial Services Fund
Normal Dividend, Reinvestment
₹28.8984
↓ -0.14
9.93 %32.51 %12.56 %12.81 %
SBI Banking & Financial Services Fund
Growth
₹32.1799
↓ -0.15
9.93 %32.51 %12.56 %12.81 %
SBI Banking & Financial Services Fund
Normal Dividend, Payout
₹28.8984
↓ -0.14
9.93 %32.51 %12.56 %12.81 %
Data as on 18 Mar 24

Disclaimer:
All efforts have been made to ensure the information provided here is accurate. However, no guarantees are made regarding correctness of data.