SBI Banking & Financial Services Fund

NAV Date 12-12-2019
Fund Name Category NAV NAV Change 1 year %
SBI BlueChip Fund-Reg(G) Equity - Large Cap 40.93 0.3320 11.80
SBI Equity Hybrid Fund-Reg(G) Hybrid - Equity Oriented 143.45 0.7583 13.59
SBI Magnum Equity ESG Fund-Reg(G) Equity - Large Cap 111.54 0.7207 14.44
SBI Magnum Midcap Fund-Reg(G) Equity - Mid Cap 70.18 0.3857 00.31
SBI Magnum Multicap Fund-Reg(G) Equity - Multi Cap 50.15 0.3649 10.90
SBI Magnum TaxGain'93-Reg(D) Equity - Tax Saving 38.57 0.2805 03.41
SBI Magnum TaxGain'93-Reg(G) Equity - Tax Saving 140.64 1.0228 04.39
SBI Savings Fund-Reg(G) Debt - Liquid 30.49 0.0039 07.94
SBI Banking and PSU Fund(DD)-Direct Plan Debt - Ultra Short Term 1033.41 0.1779 07.70
SBI Banking and PSU Fund(G)-Direct Plan Debt - Ultra Short Term 2294.24 0.0343 10.13
SBI Banking and PSU Fund(MD)-Direct Plan Debt - Ultra Short Term 1124.12 0.0167 08.47
SBI Banking and PSU Fund(MDP)-Direct Plan Debt - Ultra Short Term 1124.12 0.0167 08.47
SBI Banking and PSU Fund(WD)-Direct Plan Debt - Ultra Short Term 1031.92 0.0155 07.72
SBI Banking and PSU Fund(WDP)-Direct Plan Debt - Ultra Short Term 1031.92 0.0155 07.72
SBI Banking and PSU Fund-Reg(DD) Debt - Ultra Short Term 1032.0 0.1776 07.33
SBI Banking and PSU Fund-Reg(G) Debt - Ultra Short Term 2215.18 0.0046 09.61
SBI Banking and PSU Fund-Reg(MD) Debt - Ultra Short Term 1092.69 0.0023 07.91
SBI Banking and PSU Fund-Reg(MDP) Debt - Ultra Short Term 1092.69 0.0023 07.91
SBI Banking and PSU Fund-Reg(WD) Debt - Ultra Short Term 1031.89 0.0022 07.36
SBI Liquid Fund(G) Debt - Liquid 3043.19 0.4190 06.63
SBI Liquid Fund(G)-Direct Plan Debt - Liquid 3057.66 0.4269 06.72
SBI Liquid Fund(WD) Debt - Liquid 1061.84 0.1462 04.73
SBI Liquid Fund(WD)-Direct Plan Debt - Liquid 1061.85 0.1483 04.79
SBI Liquid Fund(WDP)-Direct Plan Debt - Liquid 1061.85 0.1483 04.79
SBI Liquid Fund-Inst(FD) Debt - Liquid 1024.86 0.1411 04.70
SBI Liquid Fund-Inst(G) Debt - Liquid 3071.91 0.4230 06.63
SBI Liquid Fund-Inst(WD) Debt - Liquid 1500.0 438.6773 48.63
SBI Magnum Low Duration Fund(FD) Debt - Ultra Short Term 1028.22 0.1943 06.01
SBI Magnum Low Duration Fund(FD)-Direct Plan Debt - Ultra Short Term 1028.4 0.2127 06.29
SBI Magnum Low Duration Fund(FDP) Debt - Ultra Short Term 1028.22 0.1943 06.01
SBI Magnum Low Duration Fund(FDP)-Direct Plan Debt - Ultra Short Term 1028.4 0.2127 06.29
SBI Magnum Low Duration Fund(G)-Direct Plan Debt - Ultra Short Term 2577.37 0.5330 08.92
SBI Magnum Low Duration Fund(MD) Debt - Ultra Short Term 1135.39 0.2147 06.92
SBI Magnum Low Duration Fund(MD)-Direct Plan Debt - Ultra Short Term 1146.04 0.2370 07.30
SBI Magnum Low Duration Fund(MDP)-Direct Plan Debt - Ultra Short Term 1146.04 0.2370 07.30
SBI Magnum Low Duration Fund(WD)-Direct Plan Debt - Ultra Short Term 1016.78 0.2103 06.51
SBI Magnum Low Duration Fund-Inst(G) Debt - Ultra Short Term 2599.7 0.4915 08.53
SBI Magnum Ultra Short Duration Fund(DD)-Direct Plan Debt - Liquid 1675.03 0.0000 05.94
SBI Magnum Ultra Short Duration Fund(G)-Direct Plan Debt - Liquid 4399.94 1.1064 08.35
SBI Magnum Ultra Short Duration Fund(WD)-Direct Plan Debt - Liquid 1078.26 0.2712 05.95
SBI Magnum Ultra Short Duration Fund(WDP)-Direct Plan Debt - Liquid 1078.26 0.2712 05.95
SBI Magnum Ultra Short Duration Fund-Reg(DD) Debt - Liquid 1675.03 0.0000 05.84
SBI Magnum Ultra Short Duration Fund-Reg(G) Debt - Liquid 4371.23 1.0801 08.18
SBI Magnum Ultra Short Duration Fund-Reg(WD) Debt - Liquid 1078.25 0.2665 05.84
SBI Overnight Fund(G)-Direct Plan Debt - Liquid 3210.3 0.4012 05.77
SBI Overnight Fund(WD)-Direct Plan Debt - Liquid 1031.85 0.1289 04.17
SBI Overnight Fund(WDP)-Direct Plan Debt - Liquid 1031.85 0.1289 04.17
SBI Overnight Fund-Reg(G) Debt - Liquid 3182.17 0.3916 05.70
SBI Overnight Fund-Reg(WD) Debt - Liquid 1031.84 0.1270 04.09
SBI-ETF Gold Equity - ETF 3413.54 8.4678 18.49
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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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