SBI Banking & Financial Services Fund, an open-ended equity scheme investing in banking & financial services sector, has completed 10 years.
This sectoral fund, which is mandated to invest at least 80% of its assets in the stocks of banks and financial services companies, has generated 14.94% return (Direct Plan) and 13.73% return (Regular Plan) since inception on February 26, 2015, according to the fund house. In comparison, its benchmark Nifty Financial Services TRI has delivered a 12.44% return during this period.
SBI Banking & Financial Services Fund lump sum return
An investment of Rs 1 lakh in this scheme at the launch of the fund would have been worth Rs 4.03 lakh (Direct Plan) and Rs 3.62 lakh (Regular Plan) as on February 26, 2025, SBI Mutual Fund said in a release.
Since its launch on February 26, 2015, the scheme has offered point-to-point CAGR returns of 15.32%. It has delivered 14.26% in 5 years, 15.71% in 3 years and 14.82% over 1 year, it said. During the same time the scheme’s benchmark (Nifty Financial Services TRI) delivered 12.62%, 10.94%, 10.22% and 14.38%, respectively.
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SBI Banking & Financial Services Fund SIP return
An SIP of Rs 10,000 started at inception 10 years back, it (Rs 12,00,000 in 10 years) would be worth Rs 27.67 lakh as on February 26, 2025, delivering returns of 15.98% CAGR.
Similarly, the scheme has delivered returns of 17.46% (5 years) and 16.37% (3 years) vis-a-vis its benchmark Nifty Financial Services TRI returns of 13.44% (5 years) and 11.14% (3 years).
As TRI data is not available since the inception of the scheme, benchmark performance is calculated using composite CAGR of PRI benchmark till the date from which TRI is available. Load is not considered for computation of returns.
SBI Banking & Financial Services Fund other details
Assets Under Management (AUM): Rs 6,481 crore as on January 31, 2025
Expense Ratio (Regular scheme): 1.81%
Minimum lump sum investment: Rs 5,000
Minimum SIP amount: Rs 500
Fund manager: Milind Agrawal
Riskometer level: Very High
SBI Banking & Financial Services Fund has invested 95.87% in equity, 0.07% in debt and 4.05% in cash and cash equivalent.
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