Investment Objective and Approach

The scheme seeks to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. It allocates a minimum of 80% of its assets to stocks in the relevant sector, i.e., banking and financial services, and balances this with up to 20% in equities of companies in other sectors, debt and/or money market instruments.

The fund follows a sectoral investment approach focusing specifically on the banking and financial services sector. The primary objective is to create long-term wealth by investing in stocks from the banking and financial services sector across different market capitalisations. The fund aims to achieve its objective by making both equity and equity-related investments in the sector.

Given its concentrated sectoral approach, this makes it a very high-risk investment option, but the fund also has significant potential for wealth creation.

Fund Managers

Sohini Andani is the Current Fund Manager of SBI Banking & Financial Services Fund. Sohini Andani is a Chartered Accountant from Institute of Chartered Accountant of India. She joined SBI Mutual Funds as a Fund Manager. Before joining SBI Mutual Fund, she was a Senior Research Analyst at ING Investment Management.

Additional fund managers mentioned include Milind Agrawal and references to other team members with extensive experience in the financial services industry.

About the Fund House (AMC)

SBI Mutual Fund is one of India's largest and most established asset management companies. The SBI Mutual Fund was set up on June 29, 1987 and was incorporated on February 7, 1992. It was India's second Mutual Fund after the Unit Trust of India started operations in 1963.

SBI Mutual Fund is a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies, with SBI currently holding 63% stake in SBIFMPL. In July 2004, SBI decided to divest 37% of the Fund and roped in Amundi as a partner.

Key highlights of the AMC:

- As of March 2024, the SBI Mutual Fund manages assets worth Rs. 9.14 lakh crores

- In early 2019, it moved past Aditya Birla and HDFC Mutual Funds to emerge as the 3rd largest Mutual Fund body in India based on Assets under Management or AUM

- With 30 years of rich experience in fund management, SBI Funds Management Ltd. (SBIFML) bring forward their expertise by consistently delivering value to their investors

- It was the first Indian Mutual Fund to introduce a 'Contra' fund, known as the SBI Contra Fund

Should I Invest in SBI Banking & Financial Services Fund?

This fund is suitable for investors who:

Positive Considerations:

- Have a high-risk appetite and can handle sectoral concentration risk

- Are looking to add a concentrated sectoral mutual fund to their investment portfolio

- Believe in the long-term growth potential of India's banking and financial services sector

- Have an investment horizon of at least 7+ years

- Want exposure to one of the most important sectors of the Indian economy

Key Performance Metrics:

- SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.04% since inception

- The fund has delivered a CAGR of 16.05 since inception (as of different reporting dates)

- Over the last 1, 3 and 5 years the fund has given a CAGR return of 13.99%, 21.20% and 23.80% respectively

Important Considerations:

- Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years

- You must ensure that you can comfortably take on the additional risk of investing in this equity-heavy scheme before making a decision

- But if you do invest, you must do so only through the SIP route

FAQs

What is today's NAV of SBI Banking & Financial Services Fund?

The Latest NAV as of 31 Jul 2025 is ₹47.07 for the Direct Growth plan. NAV changes daily based on market movements.

What is the AUM of SBI Banking & Financial Services Fund?

The AUM (assets under management) of SBI Banking & Financial Services Fund is ₹8537.50 Cr as of 22nd August 2025.

What is the expense ratio of SBI Banking & Financial Services Fund?

The expense ratio of SBI Banking & Financial Services Fund Plan is 0.77 as of 22nd August 2025 for the Direct plan.

What are the returns of SBI Banking & Financial Services Fund since inception?

SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 16.04% since inception.

What is the minimum SIP amount to invest in SBI Banking & Financial Services Fund?

Minimum SIP Investment is set to ₹500 for this fund.

How do I invest in SBI Banking & Financial Services Fund?

You can invest through Allvest by completing your KYC, selecting the fund, choosing between SIP or lump sum, and making the payment through various digital modes.

How to start a SIP in SBI Banking & Financial Services Fund?

On Allvest platform, search for the fund, select SIP option, enter your monthly amount (minimum ₹500), choose SIP date, and set up auto-debit for seamless investing.

How do I automate an SIP in SBI Banking & Financial Services Fund?

Through Allvest, you can set up automatic SIP investments by enabling auto-debit from your bank account, ensuring regular investments without manual intervention.

How can I withdraw/redeem my investment in SBI Banking & Financial Services Fund?

You can redeem your investment through Allvest by placing a redemption request. Exit load of 0.50% if redeemed within 30 days applies to this fund.