SBI Banking & Financial Services Fund
Sectoral-BankingVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹42.21+0.22%1 day
- Return since launch
- 13.0%
- 52-week range
- ₹39.40 — ₹47.00
- AUM
- ₹10,873 Cr
SBI Banking & Financial Services Fund is a Sectoral-Banking equity fund from SBI Mutual Fund with ₹10,873 Cr under management, launched in 2015. Over three years it has returned 6.8% a year, against 10.8% for its category. The expense ratio is 2.15% 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 +0.1% 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 | -7.2% | −10.7 pts | 3.4% | -3.7% |
| 2Y | 1.6% | −0.7 pts | 2.4% | 2.0% |
| 3Y | 6.8% | −4.1 pts | 10.8% | 4.8% |
| 5Y | 11.6% | +1.9 pts | 9.6% | 9.1% |
| 7Y | 13.3% | +1.1 pts | 12.2% | 11.2% |
| 10Y | 13.1% | +1.8 pts | 11.3% | 10.3% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -4.7% | +0.3 pts | -5.0% | -3.9% |
| 3M | -4.2% | −0.8 pts | -3.5% | -3.4% |
| 6M | 3.7% | −3.6 pts | 7.4% | 7.3% |
| 1Y | 0.1% | −3.3 pts | 3.4% | 2.0% |
| 2Y | 3.0% | +1.5 pts | 1.4% | 1.2% |
| 3Y | 13.8% | +3.0 pts | 10.8% | 9.3% |
| 5Y | 10.4% | +0.8 pts | 9.6% | 8.7% |
| 7Y | 12.4% | +1.4 pts | 11.0% | 9.8% |
| 10Y | 13.5% | +2.2 pts | 11.3% | 10.1% |
Since launch (11 Feb 2015): 13.0%
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 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.49%
- Brokerage
- 0.09%
- Transaction charges
- 0.01%
- Statutory levies
- 0.57%
- 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 | 4.97 | 6.95 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.88 | 0.94 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.73 | 0.75 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 0.88 | 0.99 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 14.34 | 16.84 | 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 31 Aug 2026
Asset allocation
- Equity94.6%
- Debt0.0%
- Other5.3%
Market cap split
- Large69.5%
- Mid13.0%
- Small17.6%
- P/E
- 16.10
- P/B
- 2.20
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| HDFC Bank Ltd. | Financial | 13.48% | ₹1,465 Cr | +5.90% | +6.80% | +17.54% |
| ICICI Bank Ltd. | Financial | 10.79% | ₹1,173 Cr | +12.80% | +13.46% | +7.41% |
| Kotak Mahindra Bank Ltd. | Financial | 9.82% | ₹1,068 Cr | +9.98% | +8.50% | +9.58% |
| Bajaj Finance Ltd. | Financial | 5.92% | ₹644 Cr | +4.92% | +5.22% | — |
| Others | Others | 5.31% | ₹578 Cr | +1.53% | -3.03% | +2.37% |
| State Bank of India | Financial | 4.87% | ₹530 Cr | +8.67% | +10.45% | +8.37% |
| HDFC Life Insurance Co Ltd. | Insurance | 4.12% | ₹447 Cr | +4.79% | +2.44% | +4.49% |
| Muthoot Finance Ltd. | Financial | 4.09% | ₹444 Cr | +5.77% | +4.30% | +1.07% |
| Manappuram Finance Ltd. | Financial | 3.67% | ₹399 Cr | +2.57% | — | — |
| One97 Communications Ltd. | Services | 3.40% | ₹369 Cr | — | — | — |
| Bank Of Baroda | Financial | 2.94% | ₹319 Cr | +2.95% | +3.00% | +2.78% |
| Cholamandalam Investment and Finance Company Ltd. | Financial | 2.39% | ₹260 Cr | +2.08% | +1.17% | — |
| Bandhan Bank Ltd. | Financial | 2.33% | ₹254 Cr | — | — | — |
| ICICI Prudential Life Insurance Company Ltd. | Insurance | 2.16% | ₹235 Cr | +2.20% | +2.77% | +1.72% |
| Cholamandalam Financial Holdings Ltd. | Financial | 2.03% | ₹220 Cr | +1.65% | +1.04% | +0.84% |
| The South Indian Bank Ltd. | Financial | 2.02% | ₹219 Cr | +1.92% | +0.72% | — |
| Star Health and Allied Insurance Company Ltd. | Insurance | 1.74% | ₹189 Cr | +1.69% | +1.44% | +1.30% |
| Aptus Value Housing Finance India Ltd. | Financial | 1.70% | ₹185 Cr | +1.87% | +1.69% | +2.82% |
| company:6953 | Financial | 1.61% | ₹175 Cr | — | — | — |
| company:10522 | Financial | 1.60% | ₹174 Cr | +3.17% | — | — |
| 360 One Wam Ltd. | Financial | 1.51% | ₹165 Cr | +0.85% | +0.82% | +0.97% |
| company:5765 | Insurance | 1.50% | ₹163 Cr | — | — | — |
| Bank of India | Financial | 1.44% | ₹157 Cr | +0.82% | +1.71% | +2.40% |
| Karur Vysya Bank Ltd. | Financial | 1.14% | ₹124 Cr | — | — | — |
| HDB Financial Services Ltd. | Financial | 1.12% | ₹122 Cr | +0.34% | +0.35% | +0.50% |
| Aavas Financiers Ltd. | Financial | 1.03% | ₹112 Cr | +0.18% | — | — |
| Aditya Birla Capital Ltd. | Financial | 1.02% | ₹111 Cr | — | +1.34% | +3.01% |
| Canara Bank | Financial | 0.93% | ₹102 Cr | +1.56% | +0.64% | — |
| Care Ratings Ltd. | Services | 0.89% | ₹97.07 Cr | +0.88% | +0.84% | +1.05% |
| company:17104 | Services | 0.72% | ₹78.61 Cr | — | — | — |
| Niva Bupa Health Insurance Company Ltd. | Insurance | 0.68% | ₹73.95 Cr | +0.73% | +0.64% | +0.89% |
| Pine Labs Ltd. | Financial | 0.59% | ₹64.22 Cr | +0.55% | +0.48% | — |
| Crisil Ltd. | Services | 0.36% | ₹39.65 Cr | +0.31% | +0.34% | +0.73% |
| company:5865 | Financial | 0.34% | ₹37.46 Cr | — | — | +4.10% |
| company:5085 | Financial | 0.34% | ₹36.70 Cr | — | — | — |
| company:5434 | Financial | 0.32% | ₹34.79 Cr | — | — | — |
| Reserve Bank of India | Financial | 0.05% | ₹4.94 Cr | +0.05% | +0.04% | +0.06% |
| Tata Capital Ltd. | Financial | 0.03% | ₹3.27 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Bajaj Finance Ltd. | 8.12% | -1.60% | -9.72% |
| HDFC Bank Ltd. | 16.97% | 13.48% | -3.49% |
| One97 Communications Ltd. | 1.24% | 3.40% | +2.16% |
| State Bank of India | 6.93% | 4.87% | -2.06% |
| Computer Age Management Services Ltd. | 1.79% | 0.00% | -1.79% |
| company:10522 | 0.00% | 1.60% | +1.60% |
| company:5765 | 0.00% | 1.50% | +1.50% |
| LIC Housing Finance Ltd. | 1.17% | 0.00% | -1.17% |
| Manappuram Finance Ltd. | 1.40% | 2.39% | +0.99% |
| Canara Bank | 0.00% | 0.93% | +0.93% |
| Bandhan Bank Ltd. | 0.17% | 0.98% | +0.81% |
| Muthoot Finance Ltd. | 3.34% | 4.09% | +0.75% |
| Central Depository Services (India) Ltd. | 0.74% | 0.00% | -0.74% |
| Others | 2.08% | 2.81% | +0.73% |
| company:17104 | 0.00% | 0.72% | +0.72% |
| 360 One Wam Ltd. | 0.84% | 1.51% | +0.67% |
| company:6953 | 0.00% | 0.55% | +0.55% |
| company:5085 | 0.00% | 0.34% | +0.34% |
| company:5434 | 0.00% | 0.32% | +0.32% |
| company:5865 | 0.00% | 0.31% | +0.31% |
| ICRA Ltd. | 0.21% | 0.00% | -0.21% |
| ICICI Bank Ltd. | 10.65% | 10.79% | +0.14% |
| Kotak Mahindra Bank Ltd. | 9.68% | 9.82% | +0.14% |
| HDB Financial Services Ltd. | 1.00% | 1.12% | +0.12% |
| Star Health and Allied Insurance Company Ltd. | 1.84% | 1.74% | -0.10% |
| HDFC Life Insurance Co Ltd. | 4.21% | 4.12% | -0.09% |
| Aavas Financiers Ltd. | 1.12% | 1.03% | -0.09% |
| Pine Labs Ltd. | 0.50% | 0.59% | +0.09% |
| Aptus Value Housing Finance India Ltd. | 1.79% | 1.70% | -0.09% |
| Karur Vysya Bank Ltd. | 1.06% | 1.14% | +0.08% |
| Cholamandalam Financial Holdings Ltd. | 2.09% | 2.03% | -0.06% |
| Bank Of Baroda | 2.99% | 2.94% | -0.05% |
| Niva Bupa Health Insurance Company Ltd. | 0.73% | 0.68% | -0.05% |
| The South Indian Bank Ltd. | 2.06% | 2.02% | -0.04% |
| Bank of India | 1.40% | 1.44% | +0.04% |
| Crisil Ltd. | 0.33% | 0.36% | +0.03% |
| Care Ratings Ltd. | 0.88% | 0.89% | +0.01% |
| Cholamandalam Investment and Finance Company Ltd. | 2.38% | 2.39% | +0.01% |
| Aditya Birla Capital Ltd. | 1.01% | 1.02% | +0.01% |
| ICICI Prudential Life Insurance Company Ltd. | 2.15% | 2.16% | +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 | ₹1,010 Cr | 2.25% | 1.1% | 9.3% | 13.2% |
 Invesco India Financial Services Fund | ₹1,896 Cr | 2.19% | -3.1% | 7.8% | 13.2% |
 Bandhan Financial Services Fund | ₹1,122 Cr | 2.49% | -2.7% | 5.5% | — |
 Quant BFSI Fund | ₹922 Cr | 3.48% | 14.7% | 15.3% | — |
 Kotak Nifty Financial Services Ex-Bank Index Fund | ₹99.18 Cr | 0.83% | -4.7% | 8.6% | — |
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 months3.72% absolute | ₹60,000 | ₹62,232 | 3.72% | |
| 1 year0.13% annualised | ₹1,20,000 | ₹1,20,085 | 0.07% | |
| 3 years13.83% annualised | ₹3,60,000 | ₹4,48,170 | 24.49% | |
| 5 years10.43% annualised | ₹6,00,000 | ₹7,90,042 | 31.67% |
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 ₹42.21 as on 25 Sep 2026.
What is the expense ratio of SBI Banking & Financial Services Fund?
The expense ratio of SBI Banking & Financial Services Fund is 2.15% 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 -7.2% over 1 year, 6.8% over 3 years and 11.6% 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 ₹12,81,381 Cr under management.