SBI Banking & Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 9 Nov 2026
- ₹45.18+0.61%1 day
- Return since launch
- 13.5%
- 52-week range
- ₹39.40 — ₹47.00
- AUM
- ₹10,505 Cr
SBI Banking & Financial Services Fund is a Sectoral-Banking equity fund from SBI Mutual Fund with ₹10,505 Cr under management, launched in 2015. Over three years it has returned 10.2% a year, against 12.3% for its category. The expense ratio is 2.17% and the SEBI riskometer reading is Very High.
Performance
SBI Banking & Financial Services Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +1.5% against +2.1% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 5.4% | +3.2 pts | 2.2% | 6.9% |
| 2Y | 7.8% | +0.7 pts | 7.1% | 7.4% |
| 3Y | 10.2% | −2.2 pts | 12.3% | 8.0% |
| 5Y | 13.6% | +3.4 pts | 10.2% | 10.8% |
| 7Y | 14.6% | +1.5 pts | 13.1% | 12.3% |
| 10Y | 14.0% | +2.3 pts | 11.7% | 11.1% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | 7.6% | +0.5 pts | 7.1% | 7.0% |
| 3M | 3.0% | +1.8 pts | 1.1% | 2.1% |
| 6M | 4.9% | −1.3 pts | 6.1% | 6.7% |
| 1Y | 1.2% | −1.0 pts | 2.2% | 2.0% |
| 2Y | 8.5% | +1.2 pts | 7.3% | 6.9% |
| 3Y | 16.3% | +4.0 pts | 12.3% | 11.3% |
| 5Y | 11.4% | +1.2 pts | 10.2% | 9.4% |
| 7Y | 12.8% | +1.6 pts | 11.3% | 10.0% |
| 10Y | 14.2% | +2.5 pts | 11.7% | 10.6% |
Since launch (11 Feb 2015): 13.5%
Calendar-year returns
Category average4.8%
12.1%
13.5%
18.6%
19.6%
20.4%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 20.4% | +1.8 pts | 18.6% |
| 2024 | 19.6% | +7.6 pts | 12.0% |
| 2023 | 18.6% | −2.8 pts | 21.4% |
| 2022 | 13.5% | −3.0 pts | 16.5% |
| 2021 | 12.1% | −4.4 pts | 16.4% |
| 2020 | 4.8% | +4.9 pts | -0.0% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.16%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.48%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.58%
- Exit load
- Exit load of 0.50% if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Financial Services TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 4.49 | 4.28 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.89 | 0.97 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.55 | 0.47 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.68 | 0.63 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.78 | 17.62 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
SBI Banking & Financial Services Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity96.3%
- Debt0.0%
- Other3.6%
Market cap split
- Large68.3%
- Mid13.6%
- Small18.1%
- P/E
- 16.12
- P/B
- 2.16
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 13.04% | ₹1,358 Cr | +18.15% | +6.41% | +15.79% |
| ICICI Bank Ltd. | Financial | 12.77% | ₹1,331 Cr | +13.40% | +14.23% | +6.88% |
| Kotak Mahindra Bank Ltd. | Financial | 10.19% | ₹1,062 Cr | +9.75% | +9.03% | +9.38% |
| Bajaj Finance Ltd. | Financial | 6.85% | ₹713 Cr | +1.40% | +2.40% | +3.10% |
| HDFC Life Insurance Co Ltd. | Insurance | 4.84% | ₹505 Cr | +8.87% | +2.71% | +8.46% |
| Others | Others | 3.61% | ₹376 Cr | +7.76% | +6.40% | -0.36% |
| One 97 Communications Ltd. | Services | 3.46% | ₹361 Cr | — | — | — |
| Bank Of Baroda | Financial | 2.96% | ₹308 Cr | +2.87% | +2.15% | +2.97% |
| Muthoot Finance Ltd. | Financial | 2.87% | ₹299 Cr | +4.41% | +4.63% | +3.23% |
| Axis Bank Ltd. | Financial | 2.82% | ₹294 Cr | +3.74% | +7.44% | +7.99% |
| Bandhan Bank Ltd. | Financial | 2.64% | ₹276 Cr | — | — | — |
| Manappuram Finance Ltd. | Financial | 2.48% | ₹259 Cr | +1.22% | — | — |
| The South Indian Bank Ltd. | Financial | 2.22% | ₹232 Cr | +2.02% | +1.02% | — |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.18% | ₹227 Cr | +2.31% | +2.02% | — |
| SBI Cards And Payment Services Ltd. | Financial | 2.04% | ₹213 Cr | — | — | +4.30% |
| Cholamandalam Financial Holdings Ltd. | Financial | 1.97% | ₹206 Cr | +2.27% | +1.37% | +0.88% |
| ICICI Life Insurance Ltd. | Insurance | 1.93% | ₹201 Cr | +2.04% | +2.46% | +1.64% |
| Aditya Birla Capital Ltd. | Financial | 1.72% | ₹179 Cr | — | +1.30% | +2.47% |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.71% | ₹178 Cr | +1.81% | +1.62% | +1.25% |
| Aptus Value Housing Finance India Ltd. | Financial | 1.66% | ₹173 Cr | +1.91% | +1.54% | +2.74% |
| PNB Housing Finance Ltd. | Financial | 1.64% | ₹171 Cr | — | — | — |
| 360 One Wam Ltd. | Financial | 1.38% | ₹144 Cr | +0.79% | +0.81% | +0.94% |
| Bank of India | Financial | 1.38% | ₹144 Cr | +0.79% | +1.25% | +2.58% |
| Karur Vysya Bank Ltd. | Financial | 1.12% | ₹117 Cr | — | — | — |
| Life Insurance Corporation of India | Insurance | 1.06% | ₹110 Cr | — | — | — |
| Aavas Financiers Ltd. | Financial | 1.01% | ₹105 Cr | +1.09% | — | — |
| HDB Financial Services Ltd. | Financial | 1.00% | ₹104 Cr | +0.27% | +0.32% | +0.46% |
| National Stock Exchange | Financial | 0.95% | ₹98.77 Cr | — | — | — |
| Canara Bank | Financial | 0.92% | ₹95.55 Cr | +1.43% | +1.63% | — |
| Care Ratings Ltd. | Services | 0.87% | ₹90.77 Cr | +0.85% | +0.87% | +0.98% |
| Billionbrains Garage Ventures Ltd. | Financial | 0.79% | ₹82.76 Cr | — | — | — |
| Angel One Ltd. | Financial | 0.66% | ₹69.03 Cr | +1.01% | +1.53% | — |
| Niva Bupa Health Insurance Company Ltd. | Insurance | 0.65% | ₹68.08 Cr | +0.71% | +0.68% | +0.86% |
| BSE Ltd. | Services | 0.59% | ₹61.84 Cr | — | +1.14% | — |
| Moneyview Ltd. | Financial | 0.49% | ₹50.73 Cr | — | — | — |
| Sundaram Finance Ltd. | Financial | 0.47% | ₹48.82 Cr | — | — | — |
| Crisil Ltd. | Services | 0.35% | ₹36.60 Cr | +0.31% | +0.33% | +0.62% |
| Multi Commodity Exchange Of India Ltd. | Services | 0.32% | ₹33.00 Cr | — | +0.20% | — |
| Indian Bank | Financial | 0.30% | ₹31.20 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.05% | ₹4.96 Cr | +0.05% | +0.05% | +0.06% |
| Tata Capital Ltd. | Financial | 0.03% | ₹2.91 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bajaj Finance Ltd. | -1.60% | 6.85% | +8.45% |
| State Bank of India | 4.87% | 0.00% | -4.87% |
| HDFC Life Insurance Co Ltd. | 4.12% | 0.18% | -3.93% |
| Axis Bank Ltd. | 0.00% | 2.82% | +2.82% |
| ICICI Bank Ltd. | 10.79% | 12.77% | +1.98% |
| company:10522 | 1.60% | 0.00% | -1.60% |
| Muthoot Finance Ltd. | 4.09% | 2.87% | -1.22% |
| National Stock Exchange | 0.00% | 0.95% | +0.95% |
| SBI Cards And Payment Services Ltd. | 0.31% | 1.18% | +0.87% |
| Billionbrains Garage Ventures Ltd. | 0.00% | 0.79% | +0.79% |
| Others | 2.81% | 2.07% | -0.74% |
| PB Fintech Ltd. | 0.72% | 0.00% | -0.72% |
| Aditya Birla Capital Ltd. | 1.02% | 1.72% | +0.70% |
| Angel One Ltd. | 0.00% | 0.66% | +0.66% |
| BSE Ltd. | 0.00% | 0.59% | +0.59% |
| Pine Labs Ltd. | 0.59% | 0.00% | -0.59% |
| Moneyview Ltd. | 0.00% | 0.49% | +0.49% |
| HDFC Bank Ltd. | 13.48% | 13.04% | -0.44% |
| Life Insurance Corporation of India | 1.50% | 1.06% | -0.44% |
| Kotak Mahindra Bank Ltd. | 9.82% | 10.19% | +0.37% |
| Multi Commodity Exchange Of India Ltd. | 0.00% | 0.32% | +0.32% |
| ICICI Life Insurance Ltd. | 2.16% | 1.93% | -0.23% |
| Cholamandalam Investment and Finance Company Ltd. | 2.39% | 2.18% | -0.22% |
| The South Indian Bank Ltd. | 2.02% | 2.22% | +0.21% |
| Sundaram Finance Ltd. | 0.34% | 0.47% | +0.13% |
| 360 One Wam Ltd. | 1.51% | 1.38% | -0.13% |
| Bandhan Bank Ltd. | 0.98% | 1.11% | +0.13% |
| HDB Financial Services Ltd. | 1.12% | 1.00% | -0.12% |
| Manappuram Finance Ltd. | 2.39% | 2.48% | +0.09% |
| One 97 Communications Ltd. | 3.40% | 3.46% | +0.07% |
| Bank of India | 1.44% | 1.38% | -0.06% |
| Cholamandalam Financial Holdings Ltd. | 2.03% | 1.97% | -0.05% |
| Aptus Value Housing Finance India Ltd. | 1.70% | 1.66% | -0.04% |
| Star Health and Allied Insurance Company Ltd. | 1.74% | 1.71% | -0.03% |
| Niva Bupa Health Insurance Company Ltd. | 0.68% | 0.65% | -0.03% |
| Bank Of Baroda | 2.94% | 2.96% | +0.02% |
| Aavas Financiers Ltd. | 1.03% | 1.01% | -0.02% |
| Care Ratings Ltd. | 0.89% | 0.87% | -0.02% |
| Indian Bank | 0.32% | 0.30% | -0.02% |
| Karur Vysya Bank Ltd. | 1.14% | 1.12% | -0.02% |
| Canara Bank | 0.93% | 0.92% | -0.02% |
| Crisil Ltd. | 0.36% | 0.35% | -0.01% |
| PNB Housing Finance Ltd. | 0.55% | 0.56% | +0.01% |
| Reserve Bank of India | 0.05% | 0.05% | 0.00% |
| Tata Capital Ltd. | 0.03% | 0.03% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹1,034 Cr | 2.18% | 6.0% | 10.5% | 13.5% |
 Invesco India Financial Services Fund | ₹1,810 Cr | 2.16% | 7.0% | 10.6% | 14.8% |
 UTI Banking and Financial Services Fund | ₹1,339 Cr | 2.37% | 8.7% | 9.5% | 12.2% |
 Quant BFSI Fund | ₹894 Cr | 3.36% | 7.0% | 12.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹91.11 Cr | 0.82% | 1.1% | 9.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
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.
Fund managers
- Milind AgrawalB. Tech.- Mechanical Engineering, PGDM - Finance, CFAPrior to joining SBI Mutual Fund he had worked with Goldman Sachs Services Pvt. Ltd. and Vadilal Enterprises Ltd.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months4.89% absolute | ₹60,000 | ₹62,934 | 4.89% | |
| 1 year1.20% annualised | ₹1,20,000 | ₹1,20,783 | 0.65% | |
| 3 years16.30% annualised | ₹3,60,000 | ₹4,66,616 | 29.62% | |
| 5 years11.39% annualised | ₹6,00,000 | ₹8,11,113 | 35.19% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of SBI Banking & Financial Services Fund?
The NAV of SBI Banking & Financial Services Fund is ₹45.18 as on 9 Nov 2026.
What is the expense ratio of SBI Banking & Financial Services Fund?
The expense ratio of SBI Banking & Financial Services Fund is 2.17% per year.
What is the minimum SIP amount for SBI Banking & Financial Services Fund?
You can start a SIP in SBI Banking & Financial Services Fund with ₹3,000 a month.
What returns has SBI Banking & Financial Services Fund given?
SBI Banking & Financial Services Fund has returned 5.4% over 1 year, 10.2% over 3 years and 13.6% over 5 years (annualised).
Is there a lock-in or exit load on SBI Banking & Financial Services Fund?
Lock-in: None. Exit load: Exit load of 0.50% if redeemed within 30 days..
How risky is SBI Banking & Financial Services Fund?
SBI Banking & Financial Services Fund is rated Very High on the SEBI riskometer and belongs to the Sectoral-Banking category.
Which fund house manages SBI Banking & Financial Services Fund?
SBI Banking & Financial Services Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹13,34,527 Cr under management.