SBI Mutual Fund · Direct Growth · SEBI Category: Equity
SBI Banking & Financial Services Fund is managed by SBI Funds Management — itself part of the State Bank of India ecosystem — giving the fund natural proximity to the banking sector it invests in. The fund invests 80%+ in equity of banking and financial services companies across the public and private sector. SBI MF's institutional relationship with the broader banking ecosystem provides research access and management meeting opportunities with sector companies.
The fund covers the full financial services spectrum — private sector banks (HDFC Bank, ICICI Bank, Kotak Bank), public sector banks (SBI, Bank of Baroda, Canara Bank), NBFCs (Bajaj Finance, Shriram Finance), insurance companies (HDFC Life, SBI Life) and payment companies. This comprehensive coverage means the fund can rotate across sub-segments of financial services based on relative valuations.
Milind Agrawal is Fund Manager at SBI Funds Management and manages the SBI Banking & Financial Services Fund. He brings specialist knowledge of the banking and financial services sector — analysing credit quality, net interest margins, capital adequacy and regulatory compliance across both public and private sector financial companies. His long tenure managing this fund has built a deep understanding of the sector across multiple cycles.
For current co-manager details and full biography, refer to the latest SBI Mutual Fund factsheet on AMFI or the AMC website.
Informational points to help you form your own view — not judgements or recommendations.
Live data. Current fund highlighted. Click any fund name for full analysis.
| Fund | NAV | AAUM | 1Y Return | 3Y CAGR | 5Y CAGR | Sharpe (3Y) |
|---|---|---|---|---|---|---|
| ICICI Prudential Banking and Financial Services Fund | ₹141.42 | ₹10.6K Cr Jan–Mar 2026 | -5.8% | +10.5% p.a. | +10.1% p.a. | 0.43 |
| SBI Banking and Financial Services Fund ▲ | ₹47.05 | ₹10.2K Cr Jan–Mar 2026 | +1.8% | +16.6% p.a. | +13.0% p.a. | 0.71 |
| Nippon India Banking and Financial Services Fund | ₹670.50 | ₹7.4K Cr Jan–Mar 2026 | -1.9% | +13.5% p.a. | +14.0% p.a. | 0.62 |
| Aditya Birla Sun Life Banking and Financial Services Fund | ₹66.74 | ₹3.5K Cr Jan–Mar 2026 | -1.2% | +12.1% p.a. | +11.4% p.a. | 0.48 |
| Tata Banking and Financial Services Fund | ₹48.64 | ₹3.1K Cr Jan–Mar 2026 | -1.5% | +13.2% p.a. | +12.5% p.a. | 0.58 |
Calculated from 2,574 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.
1M / 3M / 6M / 1Y — simple point-to-point return · 3Y / 5Y / 10Y — CAGR (compounded annual growth rate)
Based on all rolling windows in full NAV history. Dates show the start and end of each period.
Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.
Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →
How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.
Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.
Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →
Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.
See how SBI BANKING & FINANCIAL SERVICES FUND ranks against other Equity funds on returns, drawdown, Sharpe ratio and AAUM — side by side.
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