SBI Banking & Financial Services Fund is an open-ended sectoral fund. This Fund focuses on banking and financial specific investments. The aim of SBI Banking & Financial Services Fund fund is to generate long-term wealth by investing primarly in equity securities of the companies who are involved in banking and financial services.
SBI Banking & Financial Services Fund is managed by Ms. Sohini Andani. This fund follows bottom-up approach for selecting stocks of companies engaged in banking and financial services. The risk profile of this fund is high.
Important facts of SBI Banking & Financial Services Fund
- SBI Banking & Financial Services Mutual Fund plan primarily invests in equity securities around 93.83%, out of which 58.38% in large cap, 26.37% in mid cap and 9.08% in small cap stocks.
- SBI Banking & Financial Services Fund under SBI mutual fund house focuses on financial sectors like- insurance firms, wealth management firms, Non-Banking Financial Institutions, micro-finance companies etc.
- One can invest a certain sum of money every month in SBI Banking & Financial Services Fund sip mode.
- SBI Banking & Financial Services Fund regular growth option under SBI fund house provide its customers with high return and active professional management of the portfolio.
- SBI Banking & Financial Services Fund is suitable for those who have high risk appetite to gain return.
- SBI Banking & Financial Services Fund exit load is nil if the investors exit the fund after 1 year from the date of allotment.
Top 5 Sectors of SBI Banking & Financial Services Fund
| S.No. | Holding Name | Net Assets (in %) |
| 1 | Bank – Private | 51.95 |
| 2 | Finance – NBFC | 17.1 |
| 3 | Finance – Housing | 15.99 |
| 4 | Bank – Public | 8.78 |
| 5 | Miscellaneous | 6.19 |
(as on 28/03/2019)
Top 10 Holdings of SBI Banking & Financial ServicesFund
| S.No. | Holding Name | Net Assets (in %) |
| 1 | ICICI Bank Ltd. | 13.06 |
| 2 | Gruh Finance Ltd. | 10.29 |
| 3 | HDFC Bank Ltd. | 10.17 |
| 4 | Kotak Mahindra Bank Ltd. | 9.8 |
| 5 | Axis Bank Ltd. | 9.78 |
| 6 | State Bank of India | 8.78 |
| 7 | AU Small Finance Bank Ltd. | 6.22 |
| 8 | TREPS | 5.15 |
| 9 | PNB Housing Finance Ltd. | 4.34 |
| 10 | Muthoot Capital Services Ltd. | 4.12 |
(as on 28/03/2019)
SBI Banking & Financial Services Fund Details
Launch Date- February 26, 2015
Fund Manager- Ms. Sohini Andani
Risk- High
Benchmark- Nifty Financial Services Index
Return Since Launch- 15.42%
AUM- Rs. 632.24 crore (as on 28th Feb, 2019)
Here is the performance of SBI Banking & Financial Services Fund-
| 1-Year | 3-Year | 5-Year | 10-Year | |
| Fund | 22.06 | 25.58 | – | – |
| S&P BSE Finance TRI | 15.82 | 22.91 | – | – |
| Category | 16.79 | 20.42 | – | – |
| Rank within Category | 5 | 2 | – | – |
| Number of funds in category | 17 | 17 | – | – |
| As on Mar 29, 2019 |
