Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
SBI Banking & Financial Services Fund - Direct Plan
|
Very High
|
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0.72 |
|||
Very High
|
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1.09 |
||||
Very High
|
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0.54 |
||||
Very High
|
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0.57 |
||||
Very High
|
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0.76 |
₹5,980 Cr
0.50 (30)
5,000
500
500
12
Investment Strategy
The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services.
Suitability
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Capital Gains Taxation
Dividend Taxation
1 min read•By Value Research
1 min read•By News Desk
SBI Banking & Financial Services Fund - Direct Plan is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies.
Mutual funds can be bought directly from the website of the fund house. For instance, SBI Banking & Financial Services Fund - Direct Plan fund can be purchased from the website of SBI Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of SBI Banking & Financial Services Fund - Direct Plan is ₹40.1082 as of 14-Aug-2024.
The AUM of SBI Banking & Financial Services Fund - Direct Plan Fund is ₹5,980 Cr as of 31-Jul-2024
The riskometer level of SBI Banking & Financial Services Fund - Direct Plan is Very High. See More
Company | Percentage of Portfolio |
---|---|
21.93
|
|
12.47
|
|
9.37
|
|
7.78
|
|
5.03
|
As of 31-Jul-2024, SBI Banking & Financial Services Fund - Direct Plan had invested 97.5% in Equity and 2.5% in Cash & Cash Eq. See More
SBI Banking & Financial Services Fund - Direct Plan is 9 years 5 months old. It has delivered 15.80% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
30.08%
|
15.47%
|
17.41%
|
15.38%
|
--
|
15.80%
|
No, There is no lock in period in SBI Banking & Financial Services Fund - Direct Plan.
The expense ratio of SBI Banking & Financial Services Fund - Direct Plan is 0.72.