Rating : ★ ★ ★ ★ ☆

SBI Banking and PSU Fund Direct Plan Monthly Dividend Reinvestment

Debt

  

Banking and PSU Fund

NAV

1190.4579 +0.4145

(as on 23 Nov, 2020)

RETURNS

8.57 %

Fund Type

Open Ended

Investment Plan

Dividend Reinvestment

Investment Plan

0%

Benchmark

IISL NIFTY Banking and PSU Debt TR INR

Asset Size

8893.08 Cr.

(As of 31 Oct, 2020)

Risk

Moderate

Objective

The scheme seeks to generate regular income through a judicious mix of portfolio comprising predominantly debt and money market securities of Banks, Public Sector Undertakings, Public Financial Institutions and Municipal bodies.

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Fund manager

Rajeev Radhakrishnan

Exit load

N / A

Minimum sip

₹500

Minimum investment

₹5000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

5.22% GOI 2025

8.23%

7.27% Govt Stock 2026

6.29%

Allahabad Bank

3.89%

Air India Assets Holding Limited

3.81%

Sector Allocation

About the Scheme Type

Banking and PSU debt funds are generally seen as an alternative for bank deposits with low risk, liquidity and the appetite to generate stable returns. As seen in the past, these funds have an average maturity of about 2 years and invest mostly in AAA rated securities – bank certificates of deposits or bonds / debentures of PSUs. The volatility in their case is relatively lower than long-duration funds and is suited for investors looking for higher returns than bank deposits but at the same time, do not want to be exposed to high risks.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of SBI Funds Management Private Limited

With 30​ years of rich experience in fund management, we at SBI Mutual Fund, bring forward our expertise by consistently delivering value to our investors. SBI Mutual Fund has a strong and proud lineage tailing back to the State Bank of India (SBI) - India's largest bank. SBI Mutual Fund is a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies.

SBI Mutual Fund’s vision -

“To be the most trusted and respected Asset Manager”, and we deliver value and nurture the trust of our vast and varied family of investors, with our network of over 222 acceptance points across India. Investors are our priority. SBI Mutual Fund’s mission is to establish Mutual Funds as a viable investment option to the masses in the country. While on our way towards achieving it, we, at SBI Mutual Fund, have developed innovative, need-specific products and educated the investors about the added benefits of investing in capital markets via Mutual Funds. Today, SBI Mutual Fund has been actively managing investor's assets not only through our investment expertise in domestic mutual funds, but also offshore funds and portfolio management advisory services for institutional investors.