January 16, 2026
RA Jainee
SBI Banking & Financial Services Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 51.39 |
| NAV Bonus (Rs.) | — |
| NAV IDCW (Rs.) | 45.94 |
| Min. Investment (Rs.) | 5,000 |
| Min. SIP Investment (Rs.) | 500 |
| Min. No of Cheques | 12 |
| Benchmark | NIFTY Financial Services TRI |
| AUM Rs. | 10,106 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.73% |
| 1 Year Return (%) | 27.04 |
| 3 Year Return (%) | 21.25 |
| 5 Year Return (%) | 17.16 |
| 10 Year Return (%) | 19.40 |
| Return Since Launch | 16.22% |
⚖️ Sahifund Review – SBI Banking & Financial Services Fund ✔
PLUS: Stability, track record, cost efficiency
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MINUS: Large AUM, large-cap bias, momentum lag
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Sahifund View (Decisive Line):
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| NFO Guidance |
What lies ahead? Below we decode returns consistency, portfolio concentration, peer positioning and risk profile in detail.
Suitable For Which Investors?
Nobody should invest in Banking funds in our opinion, because:
• They have a narrow focus on only financial services companies
• Instead, diversified equity funds which invest across sectors are better
If you still choose to invest:
1. Invest only through SIP
2. Have a 7+ year investment horizon
3. Be prepared to withstand interim sharp declines in investment value
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 of SBI Banking & Financial Services Fund
| Fund House | SBI Mutual Fund |
| Launch Date | 26-Feb-15 |
| Return Since Launch | 16.22% |
| Benchmark | NIFTY Financial Services TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets (Rs.) | 10,106 Cr |
| (As on 31-Dec-2025) | |
| Expense | 0.73% |
| (As on 31-Dec-2025) | |
| Risk Grade | Low |
| Return Grade | Above Average |
| Turnover | 93.00% |
Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Banking & Financial Services Dir | 0.00 | 0.18 | 0.37 | 5.91 | 6.92 | 27.04 | 21.25 | 17.16 | 17.13 | 19.40 |
| BSE Bankex TRI | 0.64 | 0.43 | 0.78 | 5.44 | 5.86 | 22.62 | 12.70 | 13.56 | 12.55 | 14.93 |
| Equity: Sectoral-Banking | 0.04 | 0.17 | 0.57 | 5.11 | 5.32 | 23.40 | 17.16 | 15.99 | 14.96 | 16.48 |
| Rank within category | 14 | 14 | 14 | 8 | 6 | 6 | 3 | 4 | 3 | 1 |
| Number of funds in category | 40 | 40 | 40 | 39 | 37 | 33 | 18 | 13 | 11 | 11 |
Peer Comparison of SBI Banking & Financial Services Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs.) (Rs. Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| SBI Banking & Financial Services Dir | 4 star | 27.04 | 21.25 | 17.16 | 0.73 | 10,106 | 16.22 | 0.50 (30) | 10Y 10M | 93.00 |
| Nippon India Banking & Financial Srvices Dir | 5 star | 22.53 | 18.26 | 19.91 | 0.96 | 7,778 | 14.59 | 1.00 (30) | 13Y | 23.00 |
| Mirae Asset Banking and Fin Srvcs Dir | 4 star | 26.01 | 19.06 | 17.13 | 0.55 | 2,216 | 18.43 | 1.00 (365) | 5Y 1M | 40.00 |
| Sundaram Financial Services Opportunities Dir | 4 star | 23.76 | 20.56 | 18.25 | 0.76 | 1,661 | 14.57 | 0.50 (30) | 13Y | 36.30 |
| Invesco India Financial Services Dir | 5 star | 22.07 | 22.36 | 18.35 | 0.79 | 1,599 | 16.37 | 1.00 (365) | 13Y | 27.00 |
Portfolio Analysis of SBI Banking & Financial Services Fund
| No. of Stocks | 35 |
| Top 10 Stocks | 63.13% |
| Top 5 Stocks | 41.74% |
| Top 3 Sectors | 96.83% |
| Portfolio P/B Ratio | 2.85 |
| Portfolio P/E Ratio | 21.52 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs. Cr) | 2,47,782 | 3,40,790 |
| Giant (%) | — | — |
| Large (%) | 73.25 | 74.45 |
| Mid (%) | 18.40 | 18.29 |
| Small (%) | 8.34 | 10.57 |
| Tiny (%) | — | — |
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
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