SBI Banking & Financial Services Fund Direct-Growth is an equity mutual fund scheme offered by SBI Mutual Fund. As of November 9, 2024, the scheme’s Assets Under Management (AUM) stands at ₹6,407.35 Crores, with an NAV of ₹42.363.
In terms of performance, this fund has shown impressive returns: 34.74% in the last year, 48.44% over the past three years, and an outstanding 313.80% since its launch.
SBI Banking & Financial Services Fund Return
This fund has delivered strong returns. Here’s a quick look at its performance over various periods:
| Period | This fund | Category average |
|---|---|---|
| 1 month | 1.35% | -0.86% |
| 3 months | 4.28% | 3.29% |
| 6 months | 14.05% | 12.68% |
| 1 year | 34.74% | 27.56% |
| 3 years | 14.17% | 14.28% |
| 5 years | 15.86% | 15.36% |
SBI Banking & Financial Services Fund Top 5 Holdings
The fund focuses primarily on the financial sector, with its top holdings in major banking and financial institutions:
| Name | Sector | Instrument | Assets |
|---|---|---|---|
|
ICICI Bank Ltd.
|
Financial | Equity | 20.53% |
|
HDFC Bank Ltd.
|
Financial | Equity | 16.26% |
|
Kotak Mahindra Bank Ltd.
|
Financial | Equity | 9.55% |
|
Muthoot Finance Ltd.
|
Financial | Equity | 4.78% |
|
Cholamandalam Financial Holdings Ltd.
|
Financial | Equity | 3.05% |
Sector Allocation in SBI Banking & Financial Services Fund
| Sector | Percentage | Value (₹) |
|---|---|---|
| Financial | 85.43% | ₹5,473.80 Cr |
| Insurance | 6.31% | ₹404.30 Cr |
| Services | 3.00% | ₹192.22 Cr |
| Others | 5.26% | ₹337.03 Cr |
Disclaimer: Mutual fund investments are subject to market risks. Please read the scheme information document and other related documents carefully before investing. Past performance is not indicative of future results. The information provided in this article is for informational purposes only and should not be construed as investment advice or a recommendation. Readers are advised to seek independent financial advice before making any investment decisions. The author and the publication are not responsible for any investment losses incurred based on the information in this article.
