SBI Banking & Financial Services Fund

NAV Date 05-01-2021
Fund Name Category NAV NAV Change 1 year %
SBI BlueChip Fund-Reg(G) Equity - Large Cap 49.35 0.2108 18.34
SBI Equity Hybrid Fund-Reg(G) Hybrid - Equity Oriented 167.07 0.7006 14.22
SBI Long Term Equity Fund-Reg(D) Equity - Tax Saving 43.28 0.1749 18.67
SBI Long Term Equity Fund-Reg(G) Equity - Tax Saving 173.98 0.7034 19.94
SBI Magnum Equity ESG Fund-Reg(G) Equity - Large Cap 131.71 0.9730 15.55
SBI Magnum Midcap Fund-Reg(G) Equity - Mid Cap 96.02 0.8133 32.82
SBI Magnum Multicap Fund-Reg(G) Equity - Multi Cap 59.33 0.2745 15.32
SBI Savings Fund-Reg(G) Debt - Liquid 32.32 0.0045 05.60
SBI Banking and PSU Fund(DD)-Direct Plan Debt - Ultra Short Term 1131.67 1.4106 10.33
SBI Banking and PSU Fund(G)-Direct Plan Debt - Ultra Short Term 2569.22 3.2025 10.87
SBI Banking and PSU Fund(MD)-Direct Plan Debt - Ultra Short Term 1196.01 1.4908 10.61
SBI Banking and PSU Fund(MDP)-Direct Plan Debt - Ultra Short Term 1196.01 1.4908 10.61
SBI Banking and PSU Fund(WD)-Direct Plan Debt - Ultra Short Term 1129.17 1.4073 10.34
SBI Banking and PSU Fund(WDP)-Direct Plan Debt - Ultra Short Term 1129.17 1.4073 10.34
SBI Banking and PSU Fund-Reg(DD) Debt - Ultra Short Term 1126.05 1.3890 09.85
SBI Banking and PSU Fund-Reg(G) Debt - Ultra Short Term 2468.24 3.0449 10.35
SBI Banking and PSU Fund-Reg(MD) Debt - Ultra Short Term 1154.82 1.4246 10.08
SBI Banking and PSU Fund-Reg(MDP) Debt - Ultra Short Term 1154.82 1.4246 10.08
SBI Banking and PSU Fund-Reg(WD) Debt - Ultra Short Term 1125.84 1.3889 09.93
SBI Liquid Fund(G) Debt - Liquid 3179.94 0.2349 04.13
SBI Liquid Fund(G)-Direct Plan Debt - Liquid 3197.74 0.2432 04.21
SBI Liquid Fund(WD) Debt - Liquid 1091.48 0.0806 03.77
SBI Liquid Fund(WD)-Direct Plan Debt - Liquid 1092.15 0.0831 03.85
SBI Liquid Fund(WDP)-Direct Plan Debt - Liquid 1092.15 0.0831 03.85
SBI Liquid Fund-Inst(G) Debt - Liquid 3209.97 0.2370 04.13
SBI Liquid Fund-Inst(WD) Debt - Liquid 1500.0 438.6773 48.63
SBI Magnum Low Duration Fund(DD) Debt - Ultra Short Term 1065.99 0.4189 06.20
SBI Magnum Low Duration Fund(DD)-Direct Plan Debt - Ultra Short Term 1071.41 0.4390 06.81
SBI Magnum Low Duration Fund(FD) Debt - Ultra Short Term 1084.64 0.4262 06.28
SBI Magnum Low Duration Fund(FD)-Direct Plan Debt - Ultra Short Term 1090.05 0.4467 06.89
SBI Magnum Low Duration Fund(FDP) Debt - Ultra Short Term 1084.64 0.4262 06.28
SBI Magnum Low Duration Fund(FDP)-Direct Plan Debt - Ultra Short Term 1090.05 0.4467 06.89
SBI Magnum Low Duration Fund(G)-Direct Plan Debt - Ultra Short Term 2779.15 1.1386 07.31
SBI Magnum Low Duration Fund(MD) Debt - Ultra Short Term 1200.35 0.4718 06.40
SBI Magnum Low Duration Fund(MD)-Direct Plan Debt - Ultra Short Term 1234.94 0.5060 07.06
SBI Magnum Low Duration Fund(MDP)-Direct Plan Debt - Ultra Short Term 1234.94 0.5060 07.06
SBI Magnum Low Duration Fund(WD) Debt - Ultra Short Term 1065.98 0.4189 06.18
SBI Magnum Low Duration Fund(WD)-Direct Plan Debt - Ultra Short Term 1072.91 0.4396 06.78
SBI Magnum Low Duration Fund(WDP)-Direct Plan Debt - Ultra Short Term 1072.91 0.4396 06.78
SBI Magnum Low Duration Fund-Inst(G) Debt - Ultra Short Term 2784.96 1.0945 06.66
SBI Magnum Ultra Short Duration Fund(DD)-Direct Plan Debt - Liquid 1751.05 0.4062 05.59
SBI Magnum Ultra Short Duration Fund(G)-Direct Plan Debt - Liquid 4682.89 1.0865 06.00
SBI Magnum Ultra Short Duration Fund(WD)-Direct Plan Debt - Liquid 1127.12 0.2615 05.58
SBI Magnum Ultra Short Duration Fund(WDP)-Direct Plan Debt - Liquid 1127.12 0.2615 05.58
SBI Magnum Ultra Short Duration Fund-Reg(DD) Debt - Liquid 1748.79 0.3971 05.42
SBI Magnum Ultra Short Duration Fund-Reg(G) Debt - Liquid 4644.0 1.0545 05.82
SBI Magnum Ultra Short Duration Fund-Reg(WD) Debt - Liquid 1125.56 0.2556 05.40
SBI Overnight Fund(G)-Direct Plan Debt - Liquid 3328.06 0.2602 03.35
SBI Overnight Fund-Reg(G) Debt - Liquid 3296.42 0.2515 03.28
SBI-ETF Gold Equity - ETF 4606.44 37.7813 27.12
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Nature of fund:

Open-ended sector fund.

Investment objective:

This fund seeks to generate long-term capital appreciation through investing predominantly in a portfolio of equities and equity-related securities of companies engaged in banking and financial services. Since banking & financial services are vital to the development of any country, the companies this fund invests in helps people invest, save and build assets.

Fund information:

Inception date 26th February, 2015.
CRISIL rank (as in June, 2015) Not ranked.
Plans

• Regular.

• Direct.

Options

• Growth.

• Dividend.

Schemes

• SBI Banking & Financial Services Regular Growth Fund.

• SBI Banking & Financial Services Regular Dividend Fund.

• SBI Banking & Financial Services Direct Growth Fund.

• SBI Banking & Financial Services Direct Dividend Fund.

Entry load None.
Exit load

- 2.00% for exit within 12 months from the date of allotment.

- 1.00% for exit after 12 months but within 18 months from the date of allotment.

- 0.00% for exit after 12 months from the date of allotment.

Minimum investment

• Rs.5,000 (in multiples of Re.1).

• Additional Investment: Rs.1,000 (in multiples of Re.1).

SIP Monthly

• Minimum Rs.1000 (in multiples of Re.1) thereafter for minimum six months.

• Minimum Rs.500 (in multiples of Re.1) thereafter for minimum one year.

Quarterly

• Minimum Rs.1500 (in multiples of Re.1), thereafter for minimum one year.

Product label – Risk and target investors High Risk. Target investors are those who seek:

• Long term growth in investments.

• Investments in a portfolio of equity and equity related securities of companies that deal in banking and the provision of financial services.

• The chance of excellent growth and returns, with a high risk appetite.

Benchmark CNX Finance Index
SWP Yes.
STP No.
Redemption

• Rs.1,000 or 100 units or account balance (whichever is lower).

• The price will be the Applicable NAV minus Exit Load.

• Redemption proceeds will be dispatched within 10 working days.

Taxation (on investment and on redemption) The tax implications of being associated and invested in this mutual fund must be discussed at length with your tax advisor.

Fund manager

SBI Banking & Financial Services Fund

Ms. Sohini Andani

Ms. Sohini Andani has come a long way since she joined SBI as the Head of Research in 2007, with over 11 years of experience in research on the selling side. She was promoted to Portfolio Manager in 2010, and ever since has been accredited with making SBI mutual funds a highly profitable product line. She has previously worked with ASK Raymond James, KR Choksey Shares, Advani Share Brokers, LKP Shares and Securities and has brought a wealth of experience over to SBI, which she’s using to make the best use of investments and to make funds perform better.

Investment philosophy

SBI Banking & Financial Services Fund

  • The fund aims to invest in equity stocks of companies that are in the banking and financial services sector.
  • Bottom – up policy for allocating stocks.
  • The fund aims at long-term capital appreciation.
  • To invest 80% - 100% of all investible funds in high risk profile equities and equity-related securities of companies in the business of banking and providing financial services.
  • To invest 0% - 20% of investible funds in low or medium risk debt and money market instruments.

Portfolio – Top 10 Holdings

Top 10 holdings for the SBI Banking & Financial Services Fund as on June 30th, 2015:

Equity Sector Percentage of AUM
HDFC Bank Ltd. Banking / Finance 18.46%
ICICI Bank Ltd. Banking / Finance 10.31%
Indusind Bank Ltd. Banking / Finance 9.40%
Kotak Mahindra Bank Ltd. Banking / Finance 9.29%
Yes Bank Ltd. Banking / Finance 9.09%
State Bank of India Banking / Finance 8.40%
Axis Bank Ltd. Banking / Finance 8.31%
Bajaj Finance Ltd. Banking / Finance 6.70%
Mahindra & Mahindra Financial Services Ltd. Banking / Finance 4.69%
Shriram Transport Finance Co. Ltd. Banking / Finance 4.40%

Risk measures:

Sharpe Ratio N / A
Alpha N / A
Beta N / A
Standard deviation N / A

Performance

AUM (as on 30th June, 2015) Rs.258.28 crores.
NAV (as on 30th June, 2015)

• SBI Banking & Financial Services Regular Growth Fund = 9.6288.

• SBI Banking & Financial Services Regular Dividend Fund = 9.6290.

• SBI Banking & Financial Services Direct Growth Fund = 9.6424.

• SBI Banking & Financial Services Direct Dividend Fund = 9.6395.

Returns and benchmark comparison
Date Scheme returns CNX Finance Index
Since Inception (till 31st March, 2015) -4.25% -2.11%
5 year N / A N / A
3 year N / A N / A
1 year N / A N / A
Expenses
Slab Rates SBI Banking & Financial Services Fund expenses as a % of daily net assets
First 100 crores 2.50%
Next 300 crores 2.25%
Next 300 crores 2.00%
Balance Assets 1.75%

Expert view of the fund + outlook

This fund invests primarily in the well-established banking and financial services sector. The fund is relatively new and historical performance data isn’t available. The fund invests around 94.87% of funds in equities and 4.75% in the money market.

How to apply – online + distributors

You can apply online through the SBI mutual funds website, or alternatively call the SBI mutual funds office and they will guide you through a step-by-step procedure on how to invest. At any stage during your research on the SBI website, scroll to the top right of the screen and you will find a button that you can click on to express your interest in investing in the fund. You can physically walk in to the SBI branch and fill up your KYC forms after which you will be directed on how to invest through the mutual funds investment desk at the branch. There’s a 24/7 dedicated toll free number you can call, and you can also send an SMS showing your intent to invest. All these details of the number to call or SMS can be found on the SBI mutual funds website. You can also contact any one of SBI’s Investor Service Centres.

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