October 17, 2022
mayank
SBI Banking and PSU Fund
NAV Growth: Rs 2,683.7761
NAV IDCW Weekly: Rs 1,179.5037
NAV IDCW Monthly: Rs 1,146.9633
NAV IDCW Daily: Rs 1,182.1295
Suitable For Which Investors?
“Banking and PSU funds invest mainly in bonds issued by banks, public sector undertakings (PSUs) and public financial institutions. They are suitable for a short investment horizon of two to three years, or for the fixed-income allocation in your longer-term portfolio. You can expect to earn higher returns than what a bank fixed deposit can fetch.
The risk of incurring a loss in these funds is low, but they do not guarantee returns or safety of capital like a bank deposit.
Remember, their returns may not be substantially higher than inflation. They are meant to deliver steady, but low to moderate returns and are not suitable to build wealth in the long run.”
Fund’s Investment Strategy:
The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.
Fund Manager:
1) Rajeev Radhakrishnan
Education: Mr. Radhakrishnan is B.E (Production), MMS (Finance) and CFA.
Experience: Prior to joining SBI AMC he has worked with UTI Asset Management Company Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 5,000 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 01-Jan-13 |
| Return Since Launch | 7.97% |
| Benchmark | NIFTY Banking and PSU Debt Index |
| Riskometer | Low to Moderate |
| Type | Open-ended |
| Assets | Rs 5,281 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.34% |
| (As on 30-Sep-2022) | |
| Risk Grade | Above Average |
| Return Grade | Below Average |
SBI Banking and PSU Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Banking and PSU Dir | 1.64 | -0.03 | -0.1 | 0.81 | 1.08 | 2.11 | 5.79 | 6.93 | 7.3 | — |
| CCIL T Bill Liquidity Weight | 1.67 | 0.04 | 0.19 | 0.67 | 1.07 | 2.08 | 2.52 | 3.21 | 3.56 | — |
| Debt: Banking and PSU | 1.96 | 0 | -0.28 | 0.86 | 1.59 | 2.65 | 6.04 | 6.72 | 7.33 | — |
| Rank within category | 15 | 20 | 8 | 11 | 18 | 16 | 13 | — | — | — |
| Number of funds in category | 22 | 23 | 23 | 22 | 22 | 22 | 18 | 16 | 14 | 0 |
SBI Banking and PSU Fund Peer Comparison
| Fund name | Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age |
| SBI Banking and PSU Dir | 2 star | 2.11 | 5.79 | 6.93 | 0.34 | 5,281 | 7.97 | — | 9yrs 9mo |
| IDFC Banking & PSU Debt Dir | 5 star | 3.10 | 6.40 | 7.36 | 0.32 | 15,167 | 7.86 | — | 9yrs 7mo |
| Axis Banking & PSU Debt Dir | 5 star | 2.99 | 5.87 | 7.11 | 0.34 | 13,314 | 7.89 | — | 9yrs 9mo |
| ICICI Pru Banking & PSU Debt Dir | 4 star | 4.02 | 6.67 | 6.84 | 0.35 | 7,887 | 8.25 | — | 9yrs 9mo |
| Nippon Ind Banking & PSU Debt Dir | 4 star | 2.53 | 6.38 | 7.06 | 0.38 | 4,155 | 7.74 | — | 7yrs 5mo |
Portfolio Breakup
| Fund | Category | |
| Number of Securities | 62 | 61 |
| Modified Duration (yrs) | 1.57 | 1.93 |
| Average Maturity (yrs) | 2.14 | 2.67 |
| Yield to Maturity (%) | 7.12 | 7.17 |
| Avg Credit Rating | AAA | — |
Chanakya’s Mutual Fund Guidance For SBI Banking and PSU Fund
Apply Online: https://www.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
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