SBI Banking & Financial Services Fund Direct Growth

Fund Overview

Fund Size

₹10,873 Cr

Expense Ratio

1.16%

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, 6 months and 20 days, having been launched on 26-Feb-15.
As of 11-Sep-26, it has a Net Asset Value (NAV) of ₹48.56, Assets Under Management (AUM) of 10872.95 Crores, and an expense ratio of 1.16%.

SBI Banking & Financial Services Fund Direct Growth has given a CAGR return of 14.68% since inception.
The fund's asset allocation comprises around 94.64% in equities, 0.00% in debts, and 5.36% 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

+2.62%

+7.07% (Cat Avg.)

3 Years

+15.17%

+10.89% (Cat Avg.)

5 Years

+12.67%

+11.65% (Cat Avg.)

10 Years

+14.73%

+11.40% (Cat Avg.)

Since Inception

+14.68%

— (Cat Avg.)

Portfolio Summaryas of 31st August 2026

Equity	₹10,290.47 Cr	94.64%
Others	₹582.48 Cr	5.36%

Top Holdings

All Holdings

Equity

Debt & Others

Name	Type	Amount	Holdings
HDFC Bank Ltd	Equity	₹1,465.28 Cr	13.48%
ICICI Bank Ltd	Equity	₹1,173.26 Cr	10.79%
Kotak Mahindra Bank Ltd	Equity	₹1,067.7 Cr	9.82%
Bajaj Finance Ltd	Equity	₹817.82 Cr	7.52%
Treps	Cash - Repurchase Agreement	₹704.84 Cr	6.48%
State Bank of India	Equity	₹530 Cr	4.87%
Cash Offset For Derivatives	Cash - General Offset	₹-460.01 Cr	4.23%
HDFC Life Insurance Co Ltd	Equity	₹447.46 Cr	4.12%
Muthoot Finance Ltd	Equity	₹444.42 Cr	4.09%
One97 Communications Ltd	Equity	₹369.18 Cr	3.40%
Bank of Baroda	Equity	₹319.22 Cr	2.94%
Margin Amount For Derivative Positions	Cash - Collateral	₹305.6 Cr	2.81%
Cholamandalam Investment and Finance Co Ltd	Equity	₹260.04 Cr	2.39%
Future on Manappuram Finance Ltd	Equity - Future	₹259.91 Cr	2.39%
ICICI Prudential Life Insurance Co Ltd	Equity	₹234.58 Cr	2.16%
Cholamandalam Financial Holdings Ltd	Equity	₹220.39 Cr	2.03%
The South Indian Bank Ltd	Equity	₹219.17 Cr	2.02%
Star Health and Allied Insurance Co Ltd	Equity	₹188.75 Cr	1.74%
Aptus Value Housing Finance India Ltd	Equity	₹185.04 Cr	1.70%
Future on Bajaj Finance Ltd	Equity - Future	₹-174.1 Cr	1.60%
Bank Nifty Index 29-09-2026	Equity Index - Future	₹173.66 Cr	1.60%
360 One Wam Ltd Ordinary Shares	Equity	₹164.5 Cr	1.51%
Life Insurance Corporation of India	Equity	₹163.02 Cr	1.50%
Bank of India	Equity	₹156.67 Cr	1.44%
Bandhan Bank Ltd	Equity	₹147.15 Cr	1.35%
Manappuram Finance Ltd	Equity	₹139.13 Cr	1.28%
Karur Vysya Bank Ltd	Equity	₹124.4 Cr	1.14%
HDB Financial Services Ltd	Equity	₹122.16 Cr	1.12%
PNB Housing Finance Ltd	Equity	₹114.87 Cr	1.06%
AAVAS Financiers Ltd	Equity	₹111.89 Cr	1.03%
Aditya Birla Capital Ltd	Equity	₹110.82 Cr	1.02%
Future on Bandhan Bank Ltd	Equity - Future	₹106.5 Cr	0.98%
Canara Bank	Equity	₹101.52 Cr	0.93%
CARE Ratings Ltd	Equity	₹97.07 Cr	0.89%
PB Fintech Ltd	Equity	₹78.61 Cr	0.72%
Niva Bupa Health Insurance Co Ltd	Equity	₹73.95 Cr	0.68%
Pine Labs Ltd	Equity	₹64.22 Cr	0.59%
Future on PNB Housing Finance Ltd	Equity - Future	₹60.33 Cr	0.55%
CRISIL Ltd	Equity	₹39.65 Cr	0.36%
Sundaram Finance Ltd	Equity	₹36.7 Cr	0.34%
Indian Bank	Equity	₹34.79 Cr	0.32%
Future on SBI Cards and Payment Services Ltd Ordinary Shares	Equity - Future	₹33.7 Cr	0.31%
Net Receivable / Payable	Cash - Collateral	₹27.1 Cr	0.25%
Day Tbill	Bond - Gov't/Treasury	₹4.94 Cr	0.05%
SBI Cards and Payment Services Ltd Ordinary Shares	Equity	₹3.76 Cr	0.03%
Tata Capital Ltd	Equity	₹3.27 Cr	0.03%

Allocation By Market Cap (Equity)

Allocation By Credit Quality (Debt)

AAA

Other Allocation

Equity Sector

Debt & Others

Sector	Amount	Holdings
Financial Services	₹9,397.07 Cr	86.43%
Technology	₹433.4 Cr	3.99%

Risk & Performance Ratios

Fund Managers

Milind Agrawal

Since August 2019

Additional Scheme Detailsas of 31st August 2026

ISIN

INF200KA1507

Expense Ratio

1.16%

Exit Load

No Charges

Fund Size

₹10,873 Cr

Age

11 years 6 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
DSP BSE MidSmall Private Banks ETF Very High Risk	-	-	-	-
Invesco India Nifty Bank ETF Very High Risk	-	-	-	-
Edelweiss BSE Top 10 Bank ETF Very High Risk	0.1%	-	₹15.84 Cr	-
Kotak Nifty Private Bank ETF Very High Risk	0.1%	-	₹16.46 Cr	-
Bajaj Finserv BSE Top 10 Banks ETF Very High Risk	0.1%	-	-	-
ICICI Prudential BSE Insurance ETF Very High Risk	-	-	-	-
Kotak Nifty PSU Bank ETF Very High Risk	0.5%	-	₹2714.83 Cr	18.2%
Groww Nifty Private Bank ETF Very High Risk	0.3%	-	₹6.82 Cr	-
Motilal Oswal BSE Top 10 Banks ETF Very High Risk	0.6%	-	₹5.35 Cr	-
Groww Nifty PSU Bank ETF Very High Risk	0.5%	-	₹6.28 Cr	-
Kotak Nifty Bank ETF Very High Risk	0.1%	-	₹4465.73 Cr	4.0%
DSP BSE Top 10 Banks ETF Very High Risk	1.3%	-	₹323.61 Cr	-
Canara Robeco Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹656.84 Cr	-
Canara Robeco Banking and Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹656.84 Cr	-
Aditya Birla Sun Life BSE Top 10 Banks ETF Very High Risk	0.1%	-	₹378.73 Cr	-
Motilal Oswal Financial Services Fund Regular Growth Very High Risk	2.8%	1.0%	₹216.75 Cr	-
Motilal Oswal Financial Services Fund Direct Growth Very High Risk	1.3%	1.0%	₹216.75 Cr	-
Edelweiss Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹288.89 Cr	-
Edelweiss Financial Services Fund Regular Growth Very High Risk	2.5%	1.0%	₹288.89 Cr	-
Bank of India Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹272.89 Cr	-
Bank of India Banking and Financial Services Fund Regular Growth Very High Risk	2.1%	1.0%	₹272.89 Cr	-
Groww Nifty Capital Markets ETF Very High Risk	0.5%	-	₹45.04 Cr	-
Bajaj Finserv Banking and Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹499.43 Cr	-
Bajaj Finserv Banking and Financial Services Fund Regular Growth Very High Risk	2.8%	1.0%	₹499.43 Cr	-
Mahindra Manulife Banking & Financial Services Fund Regular Growth Very High Risk	2.9%	0.0%	₹460.44 Cr	9.1%
Mahindra Manulife Banking & Financial Services Fund Direct Growth Very High Risk	1.2%	0.0%	₹460.44 Cr	11.1%
SBI BSE PSU Bank ETF Very High Risk	0.3%	-	₹388.72 Cr	17.9%
HSBC Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹962.92 Cr	11.5%
HSBC Financial Services Fund Direct Growth Very High Risk	1.0%	1.0%	₹962.92 Cr	13.2%
HDFC Nifty Bank ETF Very High Risk	0.2%	-	₹2161.39 Cr	4.0%
Mirae Asset Nifty PSU Bank ETF Very High Risk	0.2%	-	₹47.67 Cr	18.6%
Edelweiss Nifty Bank ETF Very High Risk	1.1%	-	₹3.35 Cr	3.9%
Helios Financial Services Fund Direct Growth Very High Risk	1.1%	1.0%	₹203.08 Cr	3.2%
Helios Financial Services Fund Regular Growth Very High Risk	2.6%	1.0%	₹203.08 Cr	1.7%
Baroda BNP Paribas NIFTY Bank ETF Very High Risk	0.3%	-	₹4.32 Cr	3.9%
ICICI Prudential Nifty Private Banks ETF Very High Risk	0.2%	-	₹4286.58 Cr	3.6%
HDFC Nifty Private Bank ETF Very High Risk	0.1%	-	₹505.04 Cr	3.6%
Groww Banking & Financial Services Fund Regular Growth Very High Risk	2.4%	1.0%	₹90.55 Cr	13.9%
Groww Banking & Financial Services Fund Direct Growth Very High Risk	0.5%	1.0%	₹90.55 Cr	16.1%
WhiteOak Capital Banking & Financial Services Fund Regular Growth Very High Risk	2.8%	0.0%	₹652.60 Cr	3.7%
WhiteOak Capital Banking & Financial Services Fund Direct Growth Very High Risk	1.1%	0.0%	₹652.60 Cr	5.5%
HDFC Nifty PSU Bank ETF Very High Risk	0.3%	-	₹60.14 Cr	18.4%
Bajaj Finserv Nifty Bank ETF Very High Risk	0.2%	-	₹404.60 Cr	4.0%
DSP Banking & Financial Services Fund Regular Growth Very High Risk	2.2%	0.0%	₹2183.66 Cr	13.6%
DSP Banking & Financial Services Fund Direct Growth Very High Risk	0.8%	0.0%	₹2183.66 Cr	15.2%
Mirae Asset Nifty Financial Services ETF Very High Risk	0.1%	-	₹417.84 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	1.1%	1.0%	₹7909.93 Cr	4.6%
Invesco India Financial Services Fund Direct Growth Very High Risk	0.7%	1.0%	₹1895.57 Cr	9.1%
UTI Nifty Bank ETF Very High Risk	0.2%	-	₹3100.89 Cr	4.0%

About the AMC

SBI Mutual Fund

022 - 61793000

https://www.sbimf.com/

Total AUM

₹13,44,185 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 Balanced Hybrid Fund Direct Growth Very High Risk	-	1.0%	-	-
Magnum Equity Ex-Top 100 Long Short Fund Direct Growth Moderate Risk	-	1.0%	-	-
SBI Nifty Midcap 150 Momentum 50 ETF FOF Direct Growth Very High Risk	-	1.0%	₹117.20 Cr	-
SBI CRISIL IBX SDL Index June 2034 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹32.14 Cr	-
SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹42.86 Cr	-
SBI Nifty G-sec Jul 2031 Index Fund Direct Growth Moderate Risk	0.2%	0.0%	₹17.28 Cr	-
SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹367.08 Cr	-
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Direct Growth Low to Moderate Risk	0.1%	0.0%	₹1096.05 Cr	-
SBI Quality Fund Direct Growth Very High Risk	1.3%	1.0%	₹2658.53 Cr	-
Magnum Hybrid Long Short Fund Direct Growth Low to Moderate Risk	1.1%	0.0%	₹3799.50 Cr	-
SBI Dynamic Asset Allocation Active FoF Direct Growth Very High Risk	0.3%	1.0%	₹2328.50 Cr	-
SBI Nifty100 Low Volatility 30 Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹56.92 Cr	-5.2%
SBI Nifty200 Momentum 30 Index Fund Direct Growth Very High Risk	1.2%	0.0%	₹118.62 Cr	0.5%
SBI NIFTY 200 Quality 30 Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹327.03 Cr	-5.5%
SBI Income Plus Arbitrage Active FOF Direct Growth Moderate Risk	0.1%	0.0%	₹1813.86 Cr	5.8%
SBI BSE PSU Bank Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹354.83 Cr	17.7%
SBI Nifty IT Index Fund Direct Growth Very High Risk	0.5%	0.0%	₹135.91 Cr	-18.2%
SBI Nifty Bank Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹209.88 Cr	4.1%
SBI Quant Fund Direct Growth Very High Risk	1.6%	0.0%	₹2921.36 Cr	-0.1%
SBI Nifty India Consumption Index Fund Direct Growth Very High Risk	0.4%	0.0%	₹259.46 Cr	-7.4%
SBI Nifty 500 Index Fund Direct Growth Very High Risk	0.3%	0.0%	₹779.93 Cr	-0.5%
SBI Innovative Opportunities Fund Direct Growth Very High Risk	1.0%	1.0%	₹5493.20 Cr	9.6%
SBI Silver ETF Fund of Fund Direct Growth Very High Risk	0.3%	1.0%	₹3923.77 Cr	81.9%
SBI Automotive Opportunities Fund Direct Growth Very High Risk	1.0%	1.0%	₹6348.97 Cr	27.1%
SBI Energy Opportunities Fund Direct Growth Very High Risk	0.9%	1.0%	₹8326.23 Cr	5.9%
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%	₹1064.35 Cr	0.4%
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	6.1%
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 Risk	-	-	₹274.23 Cr	6.0%
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	5.9%
SBI Fixed Maturity Plan Series 81 1157 Days Direct Growth Low Risk	-	0.0%	₹399.49 Cr	5.8%
SBI Fixed Maturity Plan (FMP) - Series 49 (1823 Days) Direct Growth Low Risk	-	0.0%	₹421.11 Cr	5.8%
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%	₹140.98 Cr	5.5%
SBI Fixed Maturity Plan Series 53 1839 Days Direct Growth Low Risk	-	-	₹332.42 Cr	5.9%
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	-0.4%
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%

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 11-Sep-2026, is ₹48.56.

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

The fund has generated 2.62% over the last 1 year and 15.17% 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 94.64% in equities, 0.00% in bonds, and 5.36% 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

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