SBI Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹10,375 Cr

Expense Ratio

1.05%

ISIN

INF200KA1507

Minimum SIP

₹1,000

Exit Load

No Charges

Inception Date

26 Feb 2015

About this fund

SBI Banking & Financial Services Fund Direct Growth is a Sector - Financial Services mutual fund schemes offered by SBI Mutual Fund. This fund has been in existence for 11 years, 3 months and 2 days, having been launched on 26-Feb-15.
As of 27-May-26, it has a Net Asset Value (NAV) of ₹48.28, Assets Under Management (AUM) of 10374.95 Crores, and an expense ratio of 1.05%.

SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 15.03% since inception.
The fund's asset allocation comprises around 98.38% in equities, 0.05% in debts, and 1.57% in cash & cash equivalents.
You can start investing in SBI Banking & Financial Services Fund Direct Growth with a SIP of ₹1000 or a Lumpsum investment of ₹5000.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

1 Year

+5.56%

+4.27% (Cat Avg.)

3 Years

+18.09%

+12.82% (Cat Avg.)

5 Years

+13.98%

+12.59% (Cat Avg.)

10 Years

+16.76%

+13.45% (Cat Avg.)

Since Inception

+15.03%

— (Cat Avg.)

Portfolio Summaryas of 30th April 2026

Equity	₹10,207.19 Cr	98.38%
Debt	₹4.85 Cr	0.05%
Others	₹162.9 Cr	1.57%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
ICICI Bank Ltd	Equity	₹1,335.31 Cr	12.87%
Kotak Mahindra Bank Ltd	Equity	₹1,033.29 Cr	9.96%
State Bank of India	Equity	₹996.9 Cr	9.61%
Axis Bank Ltd	Equity	₹762.44 Cr	7.35%
Treps	Cash - Repurchase Agreement	₹739.15 Cr	7.12%
Cash Offset For Derivatives	Cash - General Offset	₹-682.81 Cr	6.58%
HDFC Bank Ltd	Equity	₹634.09 Cr	6.11%
Bajaj Finserv Ltd	Equity	₹596.11 Cr	5.75%
Muthoot Finance Ltd	Equity	₹470.57 Cr	4.54%
HDFC Life Insurance Co Ltd	Equity	₹364.06 Cr	3.51%
SBI Life Insurance Co Ltd	Equity	₹331.58 Cr	3.20%
Bajaj Finance Ltd	Equity	₹263.25 Cr	2.54%
Angel One Ltd Ordinary Shares	Equity	₹250.09 Cr	2.41%
Axis Bank Ltd. 26-May-26	Equity - Future	₹239.23 Cr	2.31%
ICICI Prudential Life Insurance Co Ltd	Equity	₹233.12 Cr	2.25%
Cholamandalam Investment and Finance Co Ltd	Equity	₹218.81 Cr	2.11%
Aptus Value Housing Finance India Ltd	Equity	₹193.44 Cr	1.86%
Margin Amount For Derivative Positions	Cash - Collateral	₹178 Cr	1.72%
Star Health and Allied Insurance Co Ltd	Equity	₹174.76 Cr	1.68%
Bank of Baroda	Equity	₹168.92 Cr	1.63%
Cholamandalam Financial Holdings Ltd	Equity	₹168.62 Cr	1.63%
Canara Bank	Equity	₹166.25 Cr	1.60%
Aditya Birla Capital Ltd	Equity	₹143.91 Cr	1.39%
Computer Age Management Services Ltd Ordinary Shares	Equity	₹132.07 Cr	1.27%
Hdfc Life Insurance Company Ltd. 26-May-26	Equity - Future	₹126.56 Cr	1.22%
The South Indian Bank Ltd	Equity	₹110.49 Cr	1.06%
Muthoot Finance Ltd. 26-May-26	Equity - Future	₹104.19 Cr	1.00%
Mahindra & Mahindra Financial Services Ltd	Equity	₹103.8 Cr	1.00%
LIC Housing Finance Ltd	Equity	₹99.63 Cr	0.96%
Cholamandalam Investment & Finance Co. Ltd. 26-May-26	Equity - Future	₹98.31 Cr	0.95%
CARE Ratings Ltd	Equity	₹93.78 Cr	0.90%
Bank of India	Equity	₹84.84 Cr	0.82%
ICRA Ltd	Equity	₹83.37 Cr	0.80%
360 One Wam Ltd Ordinary Shares	Equity	₹82.77 Cr	0.80%
Net Receivable / Payable	Cash	₹-71.43 Cr	0.69%
Niva Bupa Health Insurance Co Ltd	Equity	₹71.27 Cr	0.69%
The Federal Bank Ltd. 26-May-26	Equity - Future	₹68.21 Cr	0.66%
Pine Labs Ltd	Equity	₹52.59 Cr	0.51%
Computer Age Management Services Ltd. 26-May-26	Equity - Future	₹46.31 Cr	0.45%
CRISIL Ltd	Equity	₹35.26 Cr	0.34%
HDB Financial Services Ltd	Equity	₹35.14 Cr	0.34%
AAVAS Financiers Ltd	Equity	₹18.98 Cr	0.18%
RBL Bank Ltd	Equity	₹14.86 Cr	0.14%
Day Tbill	Bond - Gov't/Treasury	₹4.85 Cr	0.05%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹9,339.72 Cr	90.02%
Technology	₹184.66 Cr	1.78%

Risk & Performance Ratios

Fund Managers

Milind Agrawal

Since August 2019

Pradeep Kesavan

Since December 2023

Additional Scheme Detailsas of 30th April 2026

ISIN

INF200KA1507

Expense Ratio

1.05%

Exit Load

No Charges

Fund Size

₹10,375 Cr

Age

11 years 3 months

Lumpsum Minimum

₹5,000

Fund Status

Open Ended Investment Company

Benchmark

Nifty Financial Services TR INR

Investment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

Capital Gains Taxation:

Dividend Taxation:

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

Similar Sector - Financial Services Funds

Fund name	Expense Ratio	Exit Load	Fund size	1Y
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹4736.72 Cr	-0.3%
Canara Robeco Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹569.08 Cr	-
Canara Robeco Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹569.08 Cr	-
Aditya Birla Sun Life BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹184.70 Cr	-
Motilal Oswal Financial Services Fund Regular Growth Very High Risk	3.0%	1.0%	₹181.21 Cr	-
Motilal Oswal Financial Services Fund Direct Growth Very High Risk	1.5%	1.0%	₹181.21 Cr	-
Edelweiss Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹246.32 Cr	-
Edelweiss Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹246.32 Cr	-
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹274.82 Cr	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹274.82 Cr	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹414.71 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹414.71 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.1%	0.0%	₹427.20 Cr	-
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	0.6%	0.0%	₹427.20 Cr	-
HSBC Financial Services Fund Regular Growth Very High Risk	2.7%	1.0%	₹866.16 Cr	7.9%
HSBC Financial Services Fund Direct Growth Very High Risk	1.3%	1.0%	₹866.16 Cr	9.5%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2607.76 Cr	-0.3%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹55.89 Cr	22.7%
Edelweiss Nifty Bank ETF Very High Risk	0.5%	-	₹11.64 Cr	-0.4%
Helios Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹190.72 Cr	2.5%
Helios Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹190.72 Cr	0.9%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.3%	-	₹3.79 Cr	-0.3%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.1%	-	₹2852.24 Cr	-2.8%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹359.44 Cr	-2.9%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.8%	1.0%	₹68.56 Cr	6.8%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.9%	1.0%	₹68.56 Cr	8.8%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.5%	0.0%	₹591.58 Cr	2.1%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	0.0%	₹591.58 Cr	3.8%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹34.69 Cr	22.5%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.1%	-	₹387.84 Cr	-0.3%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	1.8%	0.0%	₹1828.32 Cr	7.7%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1828.32 Cr	9.3%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹431.79 Cr	-1.7%
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹6341.50 Cr	26.6%
Nippon India Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹7469.77 Cr	2.0%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹1673.13 Cr	8.8%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3387.04 Cr	-0.3%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹352.74 Cr	-88.9%
ICICI Prudential Nifty Bank ETF Very High Risk	0.1%	-	₹2861.05 Cr	-0.3%
SBI Nifty Private Bank ETF Very High Risk	0.1%	-	₹400.46 Cr	-2.9%
Bandhan Financial Services Fund Regular Growth Very High Risk	1.9%	0.0%	₹1059.88 Cr	-1.6%
Bandhan Financial Services Fund Direct Growth Very High Risk	0.5%	0.0%	₹1059.88 Cr	-0.1%
Mirae Asset Nifty Bank ETF Very High Risk	0.1%	-	₹297.08 Cr	-0.2%
SBI Nifty Bank ETF Very High Risk	0.2%	-	₹3658.91 Cr	-0.3%
Quant BFSI Fund Regular Growth Very High Risk	2.5%	1.0%	₹753.02 Cr	20.6%
Baroda BNP Paribas Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹389.40 Cr	0.4%
Quant BFSI Fund Direct Growth Very High Risk	0.9%	1.0%	₹753.02 Cr	22.5%
ICICI Prudential Nifty Financial Services Ex-Bank ETF Very High Risk	0.2%	-	₹273.01 Cr	10.3%
HDFC Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	1.0%	₹4369.89 Cr	4.4%
HDFC Banking & Financial Services Fund Regular Growth Very High Risk	1.9%	1.0%	₹4369.89 Cr	3.2%

About the AMC

SBI Mutual Fund

022 - 61793000

https://www.sbimf.com/

Total AUM

₹11,74,762 Cr

Address

C-38 & 39, G Block, Bandra Kurla Complex, Mumbai, 400 051

Other Funds by SBI Mutual Fund

Fund name	Expense Ratio	Exit Load	Fund size	1Y
SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund Direct Growth Moderate Risk	-	0.0%	-	-
SBI Nifty G-sec Jul 2031 Index Fund Direct Growth Moderate Risk	-	0.0%	-	-
SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹208.35 Cr	-
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹207.11 Cr	-
SBI Quality Fund Direct Growth Very High Risk	0.8%	1.0%	₹2306.43 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	0.5%	0.0%	₹3461.98 Cr	-
SBI Dynamic Asset Allocation Active FoF Direct Growth High Risk	0.4%	1.0%	₹2322.37 Cr	-
SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹60.90 Cr	-
SBI Nifty200 Momentum 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹122.48 Cr	-
SBI NIFTY 200 Quality 30 Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹313.53 Cr	-
SBI Income Plus Arbitrage Active FOF Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1822.80 Cr	4.5%
SBI BSE PSU Bank Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹319.58 Cr	21.7%
SBI Nifty IT Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹86.52 Cr	-21.1%
SBI Nifty Bank Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹162.13 Cr	-0.2%
SBI Quant Fund Direct Growth Very High Risk	0.9%	0.0%	₹3146.21 Cr	3.3%
SBI Nifty India Consumption Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹269.97 Cr	0.2%
SBI Nifty 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹759.30 Cr	1.3%
SBI Innovative Opportunities Fund Direct Growth Very High Risk	0.9%	1.0%	₹4987.51 Cr	-0.4%
SBI Silver ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹3849.97 Cr	166.7%
SBI Automotive Opportunities Fund Direct Growth Very High Risk	0.9%	1.0%	₹5074.99 Cr	24.6%
SBI Energy Opportunities Fund Direct Growth Very High Risk	0.8%	1.0%	₹8918.38 Cr	9.3%
SBI Fixed Maturity Plan Series 92 91 Days Direct Growth Moderate Risk	-	0.0%	-	-
SBI Nifty50 Equal Weight Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹1043.09 Cr	6.2%
SBI Fixed Maturity Plan (FMP) - Series 91 (90 Days) Direct Growth Moderately High risk	-	0.0%	-	-
SBI Debt Fund Series C 24 Direct Growth Low to Moderate Risk	-	0.0%	-	4.4%
SBI Fixed Maturity Plan (FMP) - Series 47 (1434 Days) Direct Growth Low Risk	-	0.0%	₹144.26 Cr	7.0%
SBI Fixed Maturity Plan Series 41 1498 Days Direct Growth Low Risk	-	0.0%	₹915.41 Cr	7.0%
SBI Long Term Advantage Fund Series II Direct Growth Very High Risk	-	0.0%	₹34.17 Cr	6.8%
SBI Debt Fund Series C 25 Direct Growth Low to Moderate Risk	-	0.0%	-	5.1%
SBI Fixed Maturity Plan (FMP) - Series 60 (1878 Days) Direct Growth Low to Moderate Risk	-	0.0%	₹264.17 Cr	5.7%
SBI Fixed Maturity Plan (FMP) - Series 74 1243 Days Direct Growth Low to Moderate Risk	-	-	₹154.11 Cr	5.7%
SBI Fixed Maturity Plan Series 78 1170 Days Direct Growth Low to Moderate Risk	-	0.0%	₹122.06 Cr	5.9%
SBI Fixed Maturity Plan Series 66 1361 Days Direct Growth Moderate Risk	-	0.0%	₹662.46 Cr	6.0%
SBI Fixed Maturity Plan Series 57 1835 Days Direct Growth Low to Moderate Risk	-	-	₹274.23 Cr	5.8%
SBI Fixed Maturity Plan (FMP) - Series 80 366 Days Direct Growth Moderate Risk	-	0.0%	-	7.6%
SBI Fixed Maturity Plan Series 1 3668 Days Direct Growth Moderate Risk	-	0.0%	₹51.07 Cr	3.9%
SBI Fixed Maturity Plan Series 81 1157 Days Direct Growth Low to Moderate Risk	-	0.0%	₹399.49 Cr	5.8%
SBI Fixed Maturity Plan (FMP) - Series 49 (1823 Days) Direct Growth Low Risk	-	0.0%	₹417.39 Cr	5.9%
SBI Fixed Maturity Plan (FMP) - Series 75 (366 Days) Direct Growth Moderate Risk	-	-	-	7.5%
SBI Fixed Maturity Plan Series 46 1850 Days Direct Growth Low Risk	-	0.0%	₹139.79 Cr	5.7%
SBI Fixed Maturity Plan Series 53 1839 Days Direct Growth Low Risk	-	-	₹329.40 Cr	5.8%
SBI Long Term Advantage Fund Series I Direct Growth Low Risk	-	0.0%	₹49.50 Cr	17.1%
SBI Fixed Maturity Plan Series 79 1130 Days Direct Growth Low Risk	-	0.0%	₹79.97 Cr	6.1%
SBI Long Term Advantage Fund Series VI Direct Growth Very High Risk	-	0.0%	₹250.68 Cr	-0.9%
SBI Fixed Maturity Plan Series 76 1221 Days Direct Growth Low Risk	-	-	₹161.44 Cr	5.6%
SBI Tax Advantage Fund Series III Direct Growth Very High Risk	-	0.0%	₹33.26 Cr	32.0%
SBI Fixed Maturity Plan Series 73 1226 Days Direct Growth Low Risk	-	-	₹196.01 Cr	6.1%
SBI Fixed Maturity Plan Series 44 1855 Days Direct Growth Low Risk	-	0.0%	₹408.84 Cr	5.7%
SBI Fixed Maturity Plan Series 65 367 Days Direct Growth Low to Moderate Risk	-	0.0%	-	-
SBI Fixed Maturity Plan (FMP) - Series 58 (1842 Days) Direct Growth Low to Moderate Risk	-	-	₹267.89 Cr	5.7%

Risk Level

Your principal amount will be at Very High Risk

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What is the current NAV of SBI Banking & Financial Services Fund Direct Growth?

The NAV of SBI Banking & Financial Services Fund Direct Growth, as of 27-May-2026, is ₹48.28.

What are the returns of SBI Banking & Financial Services Fund Direct Growth?

The fund has generated 5.56% over the last 1 year and 18.09% over the last 3 years. However, this does not guarantee that the fund will perform similarly in the future.

What is the portfolio composition of SBI Banking & Financial Services Fund Direct Growth?

The fund's allocation of assets is distributed as 98.38% in equities, 0.05% in bonds, and 1.57% in cash and cash equivalents.

Who manages the SBI Banking & Financial Services Fund Direct Growth?

The fund managers responsible for SBI Banking & Financial Services Fund Direct Growth are:-

Milind Agrawal
Pradeep Kesavan

Disclaimer: Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes. Investors are requested to review the prospectus carefully and obtain expert professional advice with regard to specific legal, tax and financial implications of the investment/participation in the scheme.

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SBI Banking & Financial Services Fund Direct Growth

Fund Overview