SBI Banking & Financial Services Fund, an open-ended equity scheme investing in the banking & financial services sector, has completed a milestone of 10 years. The scheme has generated a 14.94% return (Direct Plan) and 13.73% return (Regular Plan) since inception (February 26, 2015) vis-à-vis 12.44% of its benchmark Nifty Financial Services TRI.
If someone invested a lumpsum of Rs 1 lakh in the scheme when it was launched, the investment would have been worth Rs. 4.03 lakhs (Direct Plan) and Rs. 3.62 lakh (Regular Plan) as of February 26, 2025, according to a release by the fund house.
Since its launch on February 26, 2015, the scheme has offered point-to-point CAGR returns of 15.32%, 14.26% in five years, 15.71% in three years, and 14.82% over one year.
During the same time period,d the scheme’s benchmark (Nifty Financial Services TRI) delivered 12.62%, 10.94%, 10.22%, and 14.38% respectively.
If a monthly SIP would have been made in the scheme of Rs 10,000 since inception (Rs 12 lakh invested), it would be worth Rs 27.67 lakh as of February 26, 2025, delivering returns of 15.98% CAGR.
Similarly, the scheme has delivered returns of 17.46% (five years) and 16.37% (three years) vis-à-vis its benchmark Nifty Financial Services TRI returns of 13.44% (five years) and 11.14% (three years).
Source: SBI Mutual Fund
Note, as TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of PRI benchmark till the date from which TRI is available. Load is not considered for computation of returns, said the release.
Source: SBI Mutual Fund
The AUM of the scheme stands at Rs. 6,481 crores as on January 31, 2025, and the fund is being managed by Milind Agrawal.
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Since its launch on February 26, 2015, the scheme has offered point-to-point CAGR returns of 15.32%, 14.26% in five years, 15.71% in three years, and 14.82% over one year.
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During the same time period,d the scheme’s benchmark (Nifty Financial Services TRI) delivered 12.62%, 10.94%, 10.22%, and 14.38% respectively.
If a monthly SIP would have been made in the scheme of Rs 10,000 since inception (Rs 12 lakh invested), it would be worth Rs 27.67 lakh as of February 26, 2025, delivering returns of 15.98% CAGR.
Similarly, the scheme has delivered returns of 17.46% (five years) and 16.37% (three years) vis-à-vis its benchmark Nifty Financial Services TRI returns of 13.44% (five years) and 11.14% (three years).
Source: SBI Mutual Fund
Note, as TRI data is not available since inception of the scheme, benchmark performance is calculated using composite CAGR of PRI benchmark till the date from which TRI is available. Load is not considered for computation of returns, said the release.
Source: SBI Mutual Fund
The AUM of the scheme stands at Rs. 6,481 crores as on January 31, 2025, and the fund is being managed by Milind Agrawal.
