November 9, 2022
mayank
SBI Nifty Bank ETF
NAV IDCW: Rs 418.5858
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 provide returns that, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
Fund Manager:
1) Raviprakash Sharma
Education: Mr. Sharma is a B.Com (H), Chartered Accountant and CFA (USA).
Experience: Prior to joining SBI AMC he has worked with HDFC AMC, Citigroup Wealth Advisors India Pvt. Ltd, Kotak Securities, Times Investors Services Pvt. Ltd. and Birla Sun Life Securities.
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details
| Fund House | SBI Mutual Fund |
| Launch Date | 16-Mar-15 |
| Return Since Launch | 11.66% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 5,195 Cr |
| (As on 30-Sep-2022) | |
| Expense Ratio | 0.20% |
| (As on 31-Mar-2022) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
SBI Nifty Bank ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| SBI Nifty Bank ETF | 18.19 | 1.04 | 6.39 | 10.08 | 21.33 | 6.32 | 10.54 | 10.45 | 13.72 | — |
| S&P BSE Bankex TRI | 19.11 | 0.98 | 6.84 | 9.92 | 20.69 | 6.56 | 11.73 | 11.17 | 14.19 | — |
| Equity: Sectoral-Banking | 16.8 | 1.18 | 6.59 | 10.09 | 21.4 | 5.25 | 10.46 | 8.01 | 11.65 | — |
| Rank within category | 7 | 22 | 12 | 10 | 9 | 7 | 10 | 5 | 5 | — |
| Number of funds in category | 31 | 34 | 34 | 34 | 33 | 30 | 23 | 17 | 15 | 10 |
SBI Nifty Bank ETF 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 Nifty Bank ETF | Unrated | 6.32 | 10.54 | 10.45 | 0.20 | 5,195 | 11.66 | — | 7yrs 8mo | 17.00 |
| Nippon Ind Banking & Fin Srvices Reg | 4 star | 5.66 | 12.28 | 8.48 | 2.03 | 3,821 | 20.80 | 1.00 (30) | 19yrs 5mo | 50.00 |
| SBI Banking & Fin Srvices Reg | 5 star | 0.3 | 11.19 | 12.27 | 1.96 | 3,666 | 13.45 | 0.50 (30) | 7yrs 8mo | 107.00 |
| Sundaram Fin Srvices Opp Reg | 4 star | 3.77 | 12.12 | 10.59 | 2.57 | 583 | 13.88 | 1.00 (365) | 14yrs 5mo | 61.00 |
| Nippon Ind ETF Nifty Bank BeES | Unrated | 6.32 | 10.5 | 10.43 | 0.19 | 9,852 | 17.05 | — | 18yrs 5mo | 35.00 |
Portfolio Analysis
| No. of Stocks | 12 |
| Top 10 Stocks | 97.87% |
| Top 5 Stocks | 83.88% |
| Top 3 Sectors | 99.98% |
| Portfolio P/B Ratio | 2.29 |
| Portfolio P/E Ratio | 18.39 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,63,745 | 2,59,487 |
| Giant (%) | 83.90 | 70.98 |
| Large (%) | 8.14 | 12.06 |
| Mid (%) | 7.96 | 13.84 |
| Small (%) | — | 6.25 |
| Tiny (%) | — | — |
Chanakya’s Mutual Fund Guidance For SBI Nifty Bank ETF
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
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