SBI Banking & Financial Services Fund
NAV : ₹ 38.689 as of 07 November, 2024
3Y Returns
▲13.87%
Overview
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Rating by Value Research
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹3,64,262 (+17.64%)
Disclaimer: Past performance is not an indicator of future returns
Equity Holding(s) Distribution
Other Scheme Info
Inclusive of GST
Exit load of 0.50% if redeemed within 30 days.
Compare Funds
SBI Banking & Financial Services Fund Managers
Milind Agrawal
Aug 2019 - Present
Mohit Jain
Dec 2022 - Present
List of SBI Mutual Fund’s top performing schemes
Fund House
SBI Mutual Fund
Total AUM: 900276.62Cr
SBI Mutual Fund was established on June 29, 1987, as a Trust, with State Bank of India (SBI) acting as the sponsor and SBI Mutual Fund Trustee Company Private Limited serving as the Trustee. It received registration from SEBI on December 23, 1993. A significant development occurred on April 13, 2011, when an agreement was inked between SBI and AMUNDI Asset Management, transforming the fund house into a joint venture.
SBI Mutual Fund has been a pioneer in several aspects. It was the first Indian Mutual Fund to introduce a 'Contra' fund, known as the SBI Contra Fund. Additionally, in 2013, the fund expanded its footprint by acquiring Daiwa Mutual Fund, a part of the Daiwa Group in Japan.
Notably, SBI Mutual Fund holds the distinction of being the first in India to launch an ESG Fund, focusing on Environment, Social, and Governance criteria for sustainable investments in major markets. In 2015, a landmark investment took place as the Employees' Provident Fund of India invested Rs. 5,000 Crore, marking the first instance of such an investment in a Mutual Fund in India through SBIMF Sensex ETFs or Exchange Traded Funds.
As of June 2023, SBI Mutual Fund boasts a diverse range of mutual fund schemes across equity, debt, hybrid, and other categories. The fund house manages Assets Under Management (AUM) totaling Rs. 8.5 lakh crores, as of December 2023.
Learn more about SBI Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
FAQ for SBI Banking & Financial Services Fund
What is the NAV of SBI Banking & Financial Services Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of SBI Banking & Financial Services Fund is ₹38.69
What is the AUM of SBI Banking & Financial Services Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of SBI Banking & Financial Services Fund is ₹6,407.35 Cr.
What is the minimum SIP amount for SBI Banking & Financial Services Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of SBI Banking & Financial Services Fund is ₹500
What is the Expense Ratio of SBI Banking & Financial Services Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of SBI Banking & Financial Services Fund is 1.82%
What is the Exit load of SBI Banking & Financial Services Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of SBI Banking & Financial Services Fund is Exit load of 0.50% if redeemed within 30 days..
