October 17, 2022
mayank
SBI Banking & Financial Services Fund
NAV Growth: Rs 27.3501
NAV IDCW: Rs 24.4475
Suitable For Which Investors?
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.
Fund’s 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.
Fund Manager:
1) Milind Agrawal
Education: B. Tech.- Mechanical Engineering, PGDM – Finance, CFA
Experience: Prior to joining SBI Mutual Fund he had worked with Goldman Sachs Services Pvt. Ltd. and Vadilal Enterprises Ltd.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | 1,000 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | 500 |
| Min. No of Cheques | 12 |
| Min. Balance (Rs) | 1,000 |
| Lock-in Period | NA |
| Exit Load | 0.5% for redemption within 30 days |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 26-Feb-15 |
| Return Since Launch | 14.08% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 3,666 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.79% |
| (As on 30-Sep-2022) | |
| Risk Grade | Low |
| Return Grade | High |
| Turnover | 107.00% |
SBI Banking & Financial Services Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Banking & Fin Srvices Dir | 7.86 | 1.13 | -5.18 | 10.52 | 2.9 | -3.24 | 13.44 | 12.64 | 16.57 | — |
| S&P BSE Bankex TRI | 12.1 | 1.71 | -5.07 | 12.64 | 5.16 | 1.2 | 12.57 | 10.52 | 12.79 | — |
| Equity: Sectoral-Banking | 7.09 | 1.33 | -5.35 | 12.27 | 3.67 | -2.64 | 12.05 | 9.04 | 12.67 | — |
| Rank within category | 6 | 14 | 9 | 16 | 12 | 7 | 3 | 1 | 1 | — |
| Number of funds in category | 16 | 19 | 19 | 18 | 18 | 15 | 13 | 11 | 10 | 0 |
SBI Banking & Financial Services 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 | Turnover (%) |
| SBI Banking & Fin Srvices Dir | 5 star | -3.24 | 13.44 | 12.64 | 0.79 | 3,666 | 14.08 | 0.50 (30) | 7yrs 7mo | 107.00 |
| Sundaram Fin Srvices Opp Dir | 4 star | -1.13 | 14.13 | 11.01 | 1.14 | 583 | 12.21 | 1.00 (365) | 9yrs 9mo | 60.00 |
| Invesco Ind Fin Srvices Dir | 4 star | -6.75 | 12.02 | 9.74 | 1.11 | 451 | 14.13 | 1.00 (365) | 9yrs 9mo | 20.00 |
| ICICI Pru Banking & Fin Srvces Dir | 3 star | -4.58 | 12.29 | 8.15 | 1.11 | 5,408 | 15.17 | 1.00 (15) | 9yrs 9mo | 55.00 |
| Nippon Ind Banking & Fin Srvices Dir | 3 star | 1.58 | 15.21 | 8.82 | 0.97 | 3,621 | 12.96 | 1.00 (30) | 9yrs 9mo | 50.00 |
Portfolio Analysis
| No. of Stocks | 20 |
| Top 10 Stocks | 75.43% |
| Top 5 Stocks | 58.79% |
| Top 3 Sectors | 92.22% |
| Portfolio P/B Ratio | 2.28 |
| Portfolio P/E Ratio | 17.35 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,82,758 | 2,59,487 |
| Giant (%) | 62.68 | 70.98 |
| Large (%) | 15.01 | 12.06 |
| Mid (%) | 17.97 | 13.84 |
| Small (%) | 4.35 | 6.25 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For SBI Banking & Financial Services Fund
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://www.sbimf.com/en-us/quick-invest?action=panverification&SubBrokerCode=&EUIN=E455804&arn_code=ARN-245610&subbrokerARN=&utm_source=EasyLink
Stock Research Reports:
https://www.analysislibrary.com/
NFO Guidance:
https://sahifund.com/category/nfos/
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