SBI Banking & Financial Services Fund Direct IDCW NAV today
AMFI: 133857ISIN: INF200KA1515MUTF_IN: SBI_BANK_FINA_1Q6ON9MSBI Mutual FundSectoral / Thematic funds
NAV ₹40.9394
NAV for 23 Oct 2026. Declared once a day.
- Fund sizeAssets under management. The money the fund manages for all its investors, across every plan, at the end of the month.
- ₹10,420 CrSep 2026
- Expense ratioTotal expense ratio. What the fund charges each year as a share of the money invested, taken out of the NAV every day, so the returns shown are already after it.
- 1.18%18 Oct 2026
- Exit loadExit load. A charge, as a share of the amount redeemed, on units sold before a set period has passed since they were bought.
- 0.50%if sold within 30 days
- P/EP/E. What the fund pays for each rupee of yearly profit its companies earn: the total value of its shares divided by those companies' last four quarters of profit, each in proportion to what the fund holds. The profit leaves out one-off items (exceptional items and businesses sold or demerged), so one company's one-off gain cannot make the fund look cheap. A loss-making company lowers the profit. Shown when at least 80% of the fund's shares are counted.
- 17.130 Sep 2026
- Risk levelRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very HighAug 2026
- HoldingsHoldings. The number of different securities in the fund's latest monthly portfolio: shares, bonds, money market paper and units of other funds, not cash, overnight lending or futures.
- 3930 Sep 2026
- LaunchedLaunch date. The day the fund first allotted units to investors, at the close of its new fund offer.
- 26 Feb 2015
SBI Banking & Financial Services Fund returns
Read from the direct plan's growth option: an IDCW plan's NAV falls by every payout, so it carries no return of its own
Over each window to 23 Oct 2026
| Over | ReturnTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back. | Rank in categoryRank in category. The fund's place among the funds of its category with a return over the same window, highest return first. | Category medianCategory median. The middle return of the funds in the category over the same window: half returned more, half less. | Middle halfMiddle half of the category. The returns of the fund a quarter of the way down the category and the fund a quarter of the way up, over the same window: half the category's funds returned between the two. |
|---|---|---|---|---|---|
| 1 week | −4.69% | −3.87% | – | – | – |
| 1 month | −6.00% | −4.54% | 48 of 254 | −8.23% | −9.5% to −6.6% |
| 3 months | −6.10% | −5.93% | 120 of 250 | −6.23% | −7.7% to −4.3% |
| 6 months | −7.03% | −6.29% | 204 of 250 | −3.43% | −6.3% to +2.1% |
| 1 year | −8.42% | −10.64% | 161 of 228 | −5.19% | −9.3% to +0.6% |
| 3 years | +13.88% | +8.98% | 57 of 141 | +12.40% | +8.6% to +16.8% |
| 5 years | +9.83% | +5.78% | 60 of 106 | +10.89% | +8.1% to +14.6% |
| 10 years | +14.07% | +12.56% | 31 of 70 | +13.74% | +11.5% to +15.5% |
₹10,000 put in on 5 Mar 2015 is ₹44,739 at the NAV of 23 Oct 2026Growth of ₹10,000. What ₹10,000 put in at the NAV of the first day would be worth at the latest NAV, after the fund's expenses and before tax and any exit load.Over a year and longer, a return is the yearly rate. Benchmark: Nifty Financial Services TRI, over the same days as the fund. Rank, median and middle half among the Direct plans of Sectoral / Thematic funds, each fund's return to its latest NAV on or before 25 Oct 2026.
At the month end, 30 Sep 2026
| Over | FundTrailing return. The change in NAV from the start date to the latest NAV; over a year and longer, the yearly rate that would compound to the same change (CAGR). | BenchmarkBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer. |
|---|---|---|
| 1 year | −1.57% | −4.42% |
| 3 years | +14.26% | +8.58% |
| 5 years | +11.61% | +7.13% |
| 10 years | +14.69% | +12.82% |
| Since launch | +14.22% | +11.46% |
Benchmark: Nifty Financial Services TRI. Both as the fund house states them for the month.
Return in each calendar year
- Fund, Direct GrowthCalendar year return. The change in NAV from the last NAV of one year to the last NAV of the next.
- Nifty Financial Services TRIBenchmark return. The change in the benchmark index's total return level over the same dates as the fund's return, as a yearly rate over a year and longer.
Highest year to Dec 2017, +42.3%; lowest year to Dec 2020, +6.0%Above the benchmark in 6 of 10 years
SBI Banking & Financial Services Fund SIP returns
₹10,000 on the 1st of every month, valued at the NAV of 23 Oct 2026
| Period | InvestedAmount invested. ₹10,000 on the 1st of every month, or the next day the fund priced, added up over the period. | Value todayValue today. What the units bought by every instalment are worth at the latest NAV. | Invested against value today | SIP returnSIP return (XIRR). The yearly rate that, applied to each monthly instalment from the day it was invested, gives the value of all the units today. | After stamp dutySIP return after stamp duty. The same SIP return with stamp duty of 0.005% taken from every instalment since 1 Jul 2020, so ₹10,000 buys ₹9,999.50 of units. | Stamp dutyStamp duty paid. The stamp duty on all the instalments, in rupees: 0.005% of each purchase made since 1 Jul 2020. |
|---|---|---|---|---|---|---|
| 1 year12 instalments | ₹1,20,000 | ₹1,11,933₹1,11,927 after stamp duty | −12.73% | −12.74% | ₹6 | |
| 3 years36 instalments | ₹3,60,000 | ₹3,83,272₹3,83,253 after stamp duty | +4.17% | +4.17% | ₹18 | |
| 5 years60 instalments | ₹6,00,000 | ₹7,82,604₹7,82,565 after stamp duty | +10.66% | +10.66% | ₹30 | |
| 10 years120 instalments | ₹12,00,000 | ₹24,06,662₹24,06,606 after stamp duty | +13.39% | +13.39% | ₹38 | |
| Since Mar 2015139 instalments | ₹13,90,000 | ₹32,96,746₹32,96,690 after stamp duty | +14.12% | +14.12% | ₹38 |
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Rolling returns
Per cent a year, every window from 5 Mar 2015 to 23 Oct 2026
Lowest to highestAverage
LowestLowest rolling return. The worst yearly return of any window of this length in the fund's history, one window starting on each day it priced.AverageAverage rolling return. The average of the yearly returns of every window of this length in the fund's history.HighestHighest rolling return. The best yearly return of any window of this length in the fund's history.Ended higherWindows that ended higher. The share of all the windows of this length in which the NAV ended above where it started.
1 year2,628 windows−34.0%+18.4%+98.2%88.3%
3 years2,138 windows−1.8%+16.9%+31.0%99.5%
5 years1,646 windows+4.7%+15.9%+28.6%100.0%
10 years410 windows+14.1%+17.3%+20.8%100.0%
Every 5 and 10-year window ended higher than it started.From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
SBI Banking & Financial Services Fund expense ratio and exit load
Per cent of the money invested, a year. Each month shows its last day filed; the parts were redefined from Apr 2026.
- Regular over directDirect and regular plan cost gap. The regular plan's expense ratio less the direct plan's: what buying through a distributor costs each year, since both plans own the same portfolio.
- 0.98 ptsA year, on 18 Oct 2026
- Direct, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 1.19%Over the last 30 days filed
- Regular, 30-day averageExpense ratio, 30-day average. The total expense ratio averaged over the last 30 days the fund filed it, which evens out the day-to-day moves in brokerage and levies.
- 2.16%Over the last 30 days filed
Total expense ratio, month by month
- Regular plan
- Direct plan
Direct plan highest 1.66%, Nov 2018.Direct plan lowest 0.72%, Feb 2026.
What the expense ratio is made of
| Part | Direct | Regular |
|---|---|---|
| Base expense ratioBase expense ratio. The part of the expense ratio that pays the fund house and the distributor, before brokerage, transaction costs, levies and GST. | 0.65% | 1.49% |
| Brokerage | 0.09% | 0.09% |
| Transaction costs | 0.01% | 0.01% |
| Statutory levies | 0.43% | 0.57% |
Per cent of assets a year, filed for 18 Oct 2026. The parts add up to that day's total.
Exit load, in the fund house's words
For exit on or before 30 days from the date of allotment - 0.50%; For exit after 30 days from the date of allotment - Nil.
Buying and selling
- Lump-sum purchases
- Accepted
- Minimum investmentMinimum investment. The smallest amount the plan accepts for a first purchase.
- ₹5,000
- Minimum top-up
- ₹1,000
- Minimum redemption
- ₹500
- SIP
- Not accepted
- SIP minimum
- ₹1,000
- STP, transfers to another fund
- Not accepted
- SWP, regular withdrawals
- Not accepted
- Switches
- Accepted
- Lock-inLock-in. The time after each purchase during which those units cannot be sold.
- None
As listed for this plan on 24 Oct 2026.
SBI Banking & Financial Services Fund AUM
₹ crore, every plan of the fund together.
- Average assetsAverage assets under management. The money the fund managed, averaged over every day of the quarter, added up across its plans.
- ₹10,818 CrQuarter to Sep 2026
- In the direct plansShare of assets in the direct plans. The direct plans' average assets for the quarter as a percentage of the fund's total; the rest is in the regular plans, bought through distributors.
- 48.7%Of the quarter's average
Average assets by quarter, by plan
- Regular plans
- Direct plans
The latest quarter is the largest since the quarter to Jun 2014.
Assets at each month end
Highest ₹10,873 Cr, Aug 2026.Lowest ₹632 Cr, Feb 2019.
SBI Banking & Financial Services Fund portfolio
Portfolio disclosed for 30 Sep 2026.
Holdings on 30 Sep 2026
| Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month. | Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | Held since. The first month end of the fund's current run of holding this position; marked "or earlier" where that month is the fund's first portfolio on record or the first after a gap in its portfolios. | ||||
|---|---|---|---|---|---|---|
| HDFC BankBanks | Shares | Large cap2nd | 13.04% | 1,358.35 | 1,91,66,796 | Sep 2019 |
| ICICI BankBanks | Shares | Large cap5th | 12.77% | 1,330.85 | 1,00,69,214 | Dec 2016 |
| Kotak Mahindra BankBanks | Shares | Large cap16th | 10.19% | 1,061.59 | 2,54,57,770 | Oct 2024 |
| Bajaj FinanceFinance | Shares | Large cap7th | 6.85% | 713.29 | 74,34,732 | Sep 2025 |
| HDFC Life Insurance CompanyInsurance | Shares | Large cap65th | 4.66% | 485.82 | 93,21,217 | Mar 2025 |
| One 97 CommunicationsFinancial Technology (Fintech) | Shares | Mid cap146th | 3.46% | 360.77 | 21,50,020 | Jul 2026 |
| Bank of BarodaBanks | Shares | Large cap58th | 2.96% | 308.45 | 1,33,78,955 | Mar 2025 |
| Muthoot FinanceFinance | Shares | Large cap67th | 2.87% | 298.97 | 10,92,305 | Dec 2022 |
| Axis BankBanks | Shares | Large cap15th | 2.82% | 294.24 | 23,99,999 | Sep 2026 |
| Manappuram FinanceFinance | Shares | Small cap307th | 2.48% | 258.65 | 81,88,979 | May 2026 |
| The South Indian BankBanks | Shares | Small cap534th | 2.22% | 231.55 | 4,80,00,000 | Nov 2025 |
| Cholamandalam Investment and Finance CompanyFinance | Shares | Large cap70th | 2.18% | 226.80 | 14,00,000 | Feb 2026 |
| Cholamandalam Financial HoldingsFinance | Shares | Small cap264th | 1.97% | 205.66 | 14,83,637 | Apr 2024 |
| ICICI Life InsuranceInsurance | Shares | Mid cap128th | 1.93% | 201.34 | 45,36,806 | Jun 2025 |
| Aditya Birla CapitalFinance | Shares | Mid cap123rd | 1.72% | 179.15 | 47,06,995 | Jul 2026 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Futures and options on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | |||
|---|---|---|---|
| SBI Cards & Payment Services Ltd. 27.10.2026 | 1.18% | 122.72 | 21,06,400 |
| Bandhan Bank Ltd. 27.10.2026 | 1.11% | 115.17 | 64,29,600 |
| Angel One Ltd. 27.10.2026 | 0.66% | 69.03 | 25,00,000 |
| PNB Housing Finance Ltd. 27.10.2026 | 0.56% | 58.59 | 5,20,000 |
| HDFC Life Insurance Company Ltd. 27.10.2026 | 0.18% | 18.91 | 3,64,100 |
Weight is per cent of the fund's net assets; value in ₹ crore.
Cash and receivables on 30 Sep 2026
| Weight in the fund. The holding's market value on the portfolio date as a share of the fund's net assets. | ||
|---|---|---|
| TREPS | 4.92% | 512.66 |
| Margin amount for Derivative positions | 2.07% | 215.60 |
| Net Receivable / Payable | 0.32% | 32.48 |
Weight is per cent of the fund's net assets; value in ₹ crore.
- Largest holdingLargest holding. The share of the fund in its single largest position, cash and futures not counted as positions.
- 13.04%HDFC Bank
- Top 5 holdingsTop 5 holdings. The share of the fund held in its five largest positions.
- 47.51%
- Top 10 holdingsTop 10 holdings. The share of the fund held in its ten largest positions.
- 62.10%
- Effective holdingsEffective number of holdings. The number of equal-sized positions that would be as concentrated as the fund's actual weights.
- 14.5Taken over 92.69% of the fund
Asset allocation
Asset allocation. What the fund owns, by kind of asset, each as a share of its net assets; futures and options are shown beside it, not in it, since they are contracts rather than assets bought.- Indian shares92.64%
- Bonds and bills0.05%
- Cash and receivables7.31%
- Futures and options, netFutures and options, net. The value of the shares or bonds the fund's contracts are written on, as a share of its net assets, a sold contract counted as a minus: a hedged fund's sold futures offset the shares it holds.3.69%
- Futures and options, grossFutures and options, gross. The value the fund's contracts are written on, as a share of its net assets, counting each contract as a plus whichever way it faces.3.69%
Per cent of the fund's net assets.
Large, mid and small cap
Large, mid and small cap. Companies ranked by average market value over six months: the first 100 are large cap, the next 150 mid cap, the rest small cap, by the list in force for the portfolio's month.- Large cap66.96%Category 49.50%
- Mid cap13.51%Category 21.62%
- Small cap17.97%Category 26.68%
Per cent of the fund's Indian shares. By the list for the six months to Jun 2026. Shares not on the list: 1.44% of the fund. Category is the average of 249 Sectoral / Thematic funds.
Sector allocation
Sector weight. The fund's shares grouped by the business each company is in, less the futures sold on them, each group as a share of the fund's net assets.1sector
- Financial Services95.67%Category 21.68%
Per cent of the fund's net assets, less the futures sold on its shares, Sep 2026. Category is the average of 254 Sectoral / Thematic funds. Category average. The sector's weight, less the futures sold on it, averaged over the 254 Sectoral / Thematic funds that disclosed a portfolio for Sep 2026. A fund holding none of the sector counts as 0.
Sector allocation month by month
| 13 months | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financial Services38 companies | 95.67% | 93.04% | 95.87% | 98.20% | 95.56% | 97.74% | 91.76% | 97.71% | 98.72% | 96.83% | 96.94% | 96.34% | |
| Healthcare | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Capital Goods | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Automobile And Auto Components | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Services | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Information Technology | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Fast Moving Consumer Goods | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Consumer Durables | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Oil Gas & Consumable Fuels | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Telecommunication | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Power | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Services | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Per cent of the fund's net assets, less the futures sold on its shares, at each month end, Oct 2025 to Sep 2026; the line runs from Sep 2025.
Bought and sold
Sep 2026 against Aug 2026, position by position.
Positions changed, month by month
- New
- Added
- Trimmed
- Sold out
- New positionsNew positions. Holdings in this month's portfolio that were not in the month before.
- 119.65% of the fund
- Sold outSold out. Holdings in last month's portfolio that are gone from this one, other than a bond or deposit repaid on its due date.
- 913.61% of the fund before
- Added toAdded to. Holdings with more units than the month before. Where the fund states no units, a weight that rose by more than a tenth.
- 7
- TrimmedTrimmed. Holdings with fewer units than the month before. Where the fund states no units, a weight that fell by more than a tenth.
- 6
- UnchangedUnchanged. Holdings with the same number of units as the month before. Their weight can still move with the price.
- 20
- Traded at leastTraded at least. The smaller of the weight bought in new positions and the weight sold out of old ones, cash left out: the least the fund must have bought and sold in the month.
- 9.65%
- Weight that movedWeight that moved. Half the sum of every position's change in weight between the two month ends, new and sold positions included; price moves alone raise it.
- 17.75%
Changes in Sep 2026
| What changed. New: not held the month before. Added or trimmed: more or fewer units than the month before, or, where no units are stated, a weight that moved by more than a tenth. Sold out: held the month before, gone now. Matured: a bond or deposit whose repayment date fell between the two portfolios, so it was repaid rather than sold (one sold in its last days reads the same). | Change in weight. The holding's weight this month less its weight the month before, in percentage points; a price move alone changes it. | ||||
|---|---|---|---|---|---|
| State Bank of India | Sold out | – | 4.87% | −4.87 pts | −50,00,000 |
| Axis Bank | New | 2.82% | 0.00% | +2.82 pts | +23,99,999 |
| ICICI Bank | Added | 12.77% | 10.79% | +1.98 pts | +20,00,000 |
| Muthoot Finance | Trimmed | 2.87% | 4.09% | −1.22 pts | −4,00,000 |
| Manappuram Finance | Added | 2.48% | 1.28% | +1.20 pts | +40,98,000 |
| National Stock Exchange of India | New | 0.95% | 0.00% | +0.95 pts | +5,60,224 |
| SBI Cards and Payment Services | Added | 0.86% | 0.03% | +0.83 pts | +15,00,000 |
| Billionbrains Garage Ventures | New | 0.79% | 0.00% | +0.79 pts | +45,00,000 |
| PB Fintech | Sold out | – | 0.72% | −0.72 pts | −4,19,274 |
| Aditya Birla Capital | Added | 1.72% | 1.02% | +0.70 pts | +20,00,000 |
| Bajaj Finance | Trimmed | 6.85% | 7.52% | −0.67 pts | −3,02,481 |
| BSE | New | 0.59% | 0.00% | +0.59 pts | +2,00,000 |
| Pine Labs | Sold out | – | 0.59% | −0.59 pts | −39,14,907 |
| HDFC Life Insurance Company | Added | 4.66% | 4.12% | +0.54 pts | +10,86,053 |
| Moneyview | New | 0.49% | 0.00% | +0.49 pts | +1,49,19,805 |
Weights are per cent of the fund's net assets; a change in weight is in percentage points. Securities only: 11 futures, options and cash lines that changed are not listed.
Holdings month by month
| Holding | Oct 25 | Nov 25 | Dec 25 | Jan 26 | Feb 26 | Mar 26 | Apr 26 | May 26 | Jun 26 | Jul 26 | Aug 26 | Sep 26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 HDFC Bank | 13.45%Cut | 12.97% | 12.39% | 11.27% | 6.80%Cut | 6.41% | 6.11% | 5.90% | 18.15%Added | 16.97% | 13.48%Cut | 13.04%Cut |
 ICICI Bank | 6.44% | 6.28% | 5.89% | 5.77% | 13.46%Added | 14.23%Added | 12.87%Cut | 12.80% | 13.40% | 10.65%Cut | 10.79% | 12.77%Added |
 Kotak Mahindra Bank | 9.28% | 7.78%Cut | 8.58%Added | 8.60%Added | 8.50% | 9.03%Added | 9.96%Added | 9.98% | 9.75% | 9.68% | 9.82%Cut | 10.19% |
 Bajaj Finance | 3.04% | 2.85% | 2.64% | 2.41% | 2.61%Added | 2.40% | 2.54% | 2.46% | 5.61%Added | 8.12%Added | 7.52% | 6.85%Cut |
 HDFC Life Insurance Company | 2.89%Cut | 2.85% | 2.72% | 2.57% | 2.44% | 3.91%Added | 3.51% | 4.79%Added | 4.43% | 4.21% | 4.12%Cut | 4.66%Added |
 One 97 Communications | – | – | – | – | – | – | – | – | – | 1.24%Bought | 3.40%Added | 3.46% |
 Bank of Baroda | 3.00% | 2.95% | 2.92% | 2.87% | 3.00% | 2.15%Cut | 1.63%Cut | 2.95%Added | 2.87% | 2.99%Added | 2.94% | 2.96% |
 Muthoot Finance | 2.62%Cut | 4.10%Added | 4.05% | 4.32%Added | 4.30%Added | 4.63% | 4.54% | 5.77%Added | 4.41%Cut | 3.34%Cut | 4.09%Added | 2.87%Cut |
 Axis Bank | 9.35%Added | 6.83%Cut | 7.34%Added | 9.55%Added | 9.37% | 7.44%Cut | 7.35% | 6.21%Cut | 3.74%Cut | Sold out | – | 2.82%Bought again |
 Manappuram Finance | – | – | – | – | – | – | – | 1.28%Bought again | 1.22% | 1.40% | 1.28% | 2.48%Added |
 The South Indian Bank | – | 0.36%Bought | 0.68%Added | 0.65% | 0.72%Added | 1.02%Added | 1.06% | 1.92%Added | 2.02% | 2.06% | 2.02% | 2.22% |
 Cholamandalam Investment and Finance Company | – | – | – | – | 1.17%Bought again | 2.02%Added | 2.11% | 2.08% | 2.31% | 2.38% | 2.39% | 2.18% |
 Cholamandalam Financial Holdings | 0.84% | 0.76% | 0.73% | 0.96%Added | 1.04%Added | 1.37%Added | 1.63%Added | 1.65% | 2.27%Added | 2.09% | 2.03% | 1.97% |
 ICICI Life Insurance | 2.49%Added | 2.46% | 2.58% | 2.77%Added | 2.77% | 2.46% | 2.25% | 2.20% | 2.04% | 2.15% | 2.16% | 1.93% |
 Aditya Birla Capital | 3.14%Added | 3.28% | 1.47%Cut | 1.36% | 1.34% | 1.30% | 1.39% | Sold out | – | 1.01%Bought again | 1.02% | 1.72%Added |
Per cent of the fund's net assets at each month end, Oct 2025 to Sep 2026. Under it, the change on the fund's previous month. "After a gap" is a holding after a month with no portfolio on record, so when it was bought is not known; "Not filed" is one gone across such a gap.
Portfolio turnover, per cent of assets a year
- TurnoverPortfolio turnover. How much of the portfolio the fund bought or sold over the last year, as a share of its assets, as the fund house states it.
Highest 172.1% in Sep 2026
Risk ratios
NAV to 23 Oct 2026
Each bar runs from the lowest to the highest figure among the Direct plans of Sectoral / Thematic funds (130 funds) over the same 3 years; the tick is their average and the dot this fund.
How much the NAV moves
Standard deviationStandard deviation. How far the fund's monthly returns spread around their average, stated as a yearly figure: the wider the spread, the more the NAV moves.14.83%
12.76%Lowest17.49%Average of 138 funds31.25%Highest
Downside deviationDownside deviation. Standard deviation counting only the months in which the fund lost money, stated as a yearly figure.9.63%
5.67%Lowest10.73%Average of 138 funds16.26%Highest
Sharpe ratioSharpe ratio. The monthly return above the 91-day Treasury bill yield, divided by its standard deviation and stated for a year: the extra return for each unit of movement in the NAV.0.58
−0.56Lowest0.47Average of 138 funds1.19Highest
Sortino ratioSortino ratio. The monthly return above the 91-day Treasury bill yield, divided by how far it fell below that yield and stated for a year: the extra return for each unit of movement on the way down.0.84
−0.68Lowest0.75Average of 138 funds2.32Highest
From the Direct Growth plan's NAV, since an IDCW plan's NAV falls by each payout.
Against Nifty Financial Services TRI
BetaBeta. How much the fund's monthly return moved for each 1% move in its benchmark: 1 moves with it, below 1 moves less.0.87
0.63Lowest0.93Average1.21Highest
AlphaAlpha. The yearly return the fund made beyond what its beta to the benchmark accounts for.+6.03 pts
−6.37 ptsLowest+1.93 ptsAverage of 93 funds+12.46 ptsHighest
R-squaredR-squared. The share of the fund's monthly movement that its benchmark's movement explains, from 0 to 100.87.9
42.9Lowest87.3Average98.2Highest
CorrelationCorrelation. How closely the fund's monthly returns moved in step with its benchmark's, from minus 1 (always opposite) to 1 (always together).0.94
0.66Lowest0.93Average0.99Highest
Upside captureUpside capture. The fund's return in the months its benchmark rose, as a percentage of the benchmark's return in those months.102.7%
65.5%Lowest99.0%Average134.6%Highest
Downside captureDownside capture. The fund's return in the months its benchmark fell, as a percentage of the benchmark's fall in those months.72.0%
45.6%Lowest87.9%Average118.1%Highest
Information ratioInformation ratio. The fund's return above its benchmark, divided by how much that difference varied, as stated by the fund house.To 30 Sep 20261.04
Largest falls
| Largest over | FallLargest fall. The biggest drop in NAV from a high to the low that followed, before the NAV went back above that high. | High on | Low on | Back at the highBack at the high. The first day the NAV closed at or above the high it had fallen from. |
|---|---|---|---|---|
| 1 and 3 years | −16.06% | 12 Feb 2026 | 31 Mar 2026 | Not yet |
| 5 years | −21.69% | 26 Oct 2021 | 7 Mar 2022 | 5 Dec 2022 |
| 10 years and since Mar 2015 | −43.81% | 20 Feb 2020 | 23 Mar 2020 | 9 Dec 2020 |
Risk level by month
| Months | FundRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month. | BenchmarkBenchmark's risk level. The riskometer level of the fund's benchmark index for the same month, on the same six-step scale as the fund's own. |
|---|---|---|
| Oct 2021 to Aug 202659 months | Very High | Very HighNifty Financial Services TRI |
The riskometer at each month end, the fund's and its benchmark's. A month with none on record is left out.
SBI Banking & Financial Services Fund managers
Managers now
| Manager | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | Portfolio changed after the handover. How much of the portfolio was different three months after the manager took over: half the sum of every holding's change in weight, with each side's holdings scaled to add up to 100 so a move into cash does not count. | Portfolio changed before the handover. The same measure over the three months before the manager took over, since portfolios change anyway. | Assets the manager runs. The latest monthly size of every fund the manager runs now, added up; a fund run with others counts in full for each of its managers, and the line under it counts only the funds they run alone. | ||
|---|---|---|---|---|---|---|---|---|
| Milind Agrawal | Aug 2019 | +14.34%a year | +11.17% | +3.17 pts | 27.8% | 17.3% | 2 | ₹20,528 Cr₹10,420 Cr alone |
Returns are the direct plan's growth NAV, from the day each took over to the latest NAV, beside the benchmark over the same days.
Other funds they run
| Fund | Return in the manager's time. The change in the plan's NAV from the day the manager took the fund over to the latest NAV; past a year, the yearly rate that would compound to the same change. | Benchmark over the same days. The change in the fund's benchmark index over the same days as the manager's return, worked out the same way, with the dividends of the index's companies added back. | Difference from the benchmark. The fund's return in the manager's time less its benchmark's over the same days, in percentage points. | ||
|---|---|---|---|---|---|
| SBI Conservative Hybrid FundMilind Agrawal | Aug 2025 | +4.48%a year | – | – | ₹10,107 Cr |
Up to ten funds a manager, largest first. Returns are the direct plan's.
Portfolio overlap
Funds holding the most of the same securities, by weight.
Closest funds in the category
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | Shared holdings. The number of securities both funds hold, cash and futures left out. | |
|---|---|---|
| Bandhan Financial Services FundBandhan Mutual Fund | 52.15% | 21 |
| ICICI Prudential Banking and Financial Services FundICICI Prudential Mutual Fund | 51.65% | 21 |
| UTI Banking and Financial Services FundUTI Mutual Fund | 51.24% | 20 |
| HDFC Banking & Financial Services FundHDFC Mutual Fund | 49.99% | 16 |
| Nippon India Banking & Financial Services FundNippon India Mutual Fund | 47.64% | 16 |
| WhiteOak Capital Banking & Financial Services FundWhiteOak Capital Mutual Fund | 47.37% | 21 |
| Aditya Birla Sun Life Banking and Financial Services FundAditya Birla Sun Life Mutual Fund | 47.13% | 18 |
| Tata Banking & Financial Services FundTata Mutual Fund | 46.76% | 14 |
| ITI Banking and Financial Services FundITI Mutual Fund | 46.74% | 15 |
| MahindraManulife Banking & Financial Services FundMahindra Manulife Mutual Fund | 45.74% | 15 |
Portfolios for Sep 2026. Overlap is per cent of the portfolio the two funds hold in common.
Overlap with the fund house's other funds
| Portfolio overlap. The share of the two funds' portfolios that is the same: for every holding they share, the smaller of its two weights, added up. | |
|---|---|
| SBI ELSS Tax Saver FundSBI Mutual Fund | 36.37% |
| SBI Large Cap FundSBI Mutual Fund | 30.70% |
| SBI Long Term Advantage Fund - Series IVSBI Mutual Fund | 29.27% |
| SBI ESG Exclusionary Strategy FundSBI Mutual Fund | 24.58% |
| SBI Focused FundSBI Mutual Fund | 23.75% |
| SBI Flexicap FundSBI Mutual Fund | 22.15% |
| SBI Quant FundSBI Mutual Fund | 20.20% |
| SBI Contra FundSBI Mutual Fund | 17.86% |
| SBI Large & Midcap FundSBI Mutual Fund | 17.32% |
| SBI Long Term Advantage Fund - Series VSBI Mutual Fund | 15.02% |
As the fund house states it, for Sep 2026.
SBI Banking & Financial Services Fund dividend history
IDCW (income distribution cum capital withdrawal), once called a dividend: rupees per unit, paid to holders on the record date and taken out of the NAV.
Every payout
| IDCW payout. Rupees paid out per unit to holders on the record date; the money comes out of the fund, so the plan's NAV falls by the same amount. | IDCW yield. A payout as a share of the plan's NAV on the record date, before the NAV fell by the amount paid. | NAV before | NAV after | |
|---|---|---|---|---|
| 16 Mar 2018 | ₹1.60 | 10.49% | ₹15.2531 | ₹13.4469 |
The one payout since 16 Mar 2018.
Changes to the fund
Newest first.
2026
- 1 AprExpenseExpense ratio stated under the new rules: a base ratio, with brokerage, levies and GST on top
Fund details
Objective
The investment objective of the scheme isto generate long-term capital appreciationto unit holders from a portfolio that isinvested predominantly in equity and equityrelated securities of companies engaged inbanking and financial services. However,there can be no assurance that theinvestment objective of the Scheme will berealized.
Asset allocation
- Equity and equity related securities of companies engaged in banking & financial services: 80%-100% (High risk);
- Other equities and equity related instruments: 0%-20% (High risk);
- Units issued by REIT/InVIT*: 0%-10% (Medium to High risk);
- Debt Instruments (including securitized debt): 0%-20% (Medium risk);
- Money Market Instruments: 0%-20% (Low risk)
- Stated category
- Equity
- BenchmarkBenchmark. The index the fund house chose to measure the fund against, in its total return form, with dividends added back.
- Nifty Financial Services Index
- Risk level at launchRiskometer. The fund's own risk label on SEBI's six-step scale, from Low to Very High, set from what the fund holds and reviewed every month.
- Very High
- New fund offer
- 11 Feb 2015 to 24 Feb 2015
- Units first allotted
- 26 Feb 2015
- Price at the offer
- ₹10 a unit
- Minimum at the offer
- ₹5,000
Plans and codes
| Plan | AMFI code | ISIN | ISIN, reinvestment | MUTF_IN | First NAV |
|---|---|---|---|---|---|
| Direct Growth | 133859 | INF200KA1507 | SBI_BANK_FINA_1PYOHPJ | 5 Mar 2015 | |
| Regular Growth | 133858 | INF200KA1473 | SBI_BANK_FINA_1J6MLKO | 5 Mar 2015 | |
| Direct IDCW | 133857 | INF200KA1515 | INF200KA1523 | SBI_BANK_FINA_1Q6ON9M | 5 Mar 2015 |
| Regular IDCW | 133860 | INF200KA1481 | INF200KA1499 | SBI_BANK_FINA_1FE5FY4 | 5 Mar 2015 |
This fund
- Scheme information document (opens in a new tab)The fund's objective, terms, costs and risks in full
Factsheet
- All SBIMF Schemes Factsheet September 2026 (opens in a new tab)SBI Mutual Fund, Sep 2026
Statement of additional information
- SAI SBI Mutual Fund (opens in a new tab)SBI Mutual Fund, Sep 2026
Annual report
- Scheme Annual Report 2025-26 (annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI GILT FUND (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI FIXED MATURITY PLAN (FMP)- SERIES 60 (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
- SBI LONG TERM ADVANTAGE FUND - SERIES III (abridged annual report 2025-26) (opens in a new tab)SBI Mutual Fund, Mar 2026
Riskometer disclosure
- Disclosure On Changes In Riskometer Levels 2025-26 (opens in a new tab)SBI Mutual Fund, Mar 2026
Portfolio overlap disclosure
- Portfolio Overlap Disclosure - September 2026 (opens in a new tab)SBI Mutual Fund, Sep 2026