SBI Banking & Financial Services Fund is a Thematic fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹10,420 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 14.6% a year and its Regular plan returned 13.4% a year. Its benchmark, Nifty Financial Services TRI, returned 9.8% a year over the same 3 years.
NAV (Direct plan)
₹46.56
▼ 0.64% · 30-10-2026
NAV (Regular plan)
₹41.17
▼ 0.64% · 30-10-2026
Expense ratio
1.18%Direct2.16%Regular
1.18%
A year
Riskometer
Not available
Set by the fund house
3 year return
14.6%Direct13.4%Regular
14.6%
A year
SBI Banking & Financial Services Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹46.56 (down 0.64% that day); Regular Plan Growth ₹41.17 (down 0.64% that day).
This fund (Direct plan)
₹46.5583
SBI Banking & Financial Services Fund Returns vs Nifty Financial Services TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−0.37%
−5.33%
−3.20%
−6.73%
+14.59%
+10.68%
+14.28%
This fund (Regular)
−0.45%
−5.56%
−3.67%
−7.65%
+13.40%
+9.47%
+12.99%
Nifty Financial Services TRI
+0.30%
−5.63%
−2.88%
−8.88%
+9.77%
+6.64%
+12.73%
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
+11.62%
+13.76%
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
+21.14%
+19.31%
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
+3.65%
+7.72%
Rank in Thematic
50/235
116/232
164/232
145/215
52/133
50/96
29/63
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
SBI Banking & Financial Services Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Financial Services TRI
2026to date
−9.41%
−10.15%
−9.69%
2025
+21.66%
+20.42%
+18.60%
2024
+20.90%
+19.57%
+10.52%
2023
+19.95%
+18.60%
+14.31%
2022
+14.87%
+13.52%
+10.47%
2021
+13.46%
+12.08%
+14.55%
SBI Banking & Financial Services Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,141 periods, one for each trading day from 05-03-2018 to 30-10-2026.
−10%0%10%20%30%40%
SBI Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
Nov 2015 to Nov 2018May 2017 to May 2020Oct 2018 to Oct 2021Apr 2020 to Apr 2023Oct 2021 to Oct 2024Feb 2023 to Feb 2026
SBI Banking & Financial Services Fund (Direct)Nifty Financial Services TRI
1%
1%
Below 0%
6%
6%
0-5%
5%
13%
5-10%
20%
39%
10-15%
35%
22%
15-20%
26%
15%
20-25%
7%
5%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
2,631
17.6%
−34.2%
98.2%
12%
14.9%
65%
2 years
2,387
18.6%
−10.6%
46.3%
5%
15.1%
69%
3 years
2,141
17.2%
−1.8%
31.0%
0%
14.1%
70%
5 years
1,649
15.1%
4.7%
28.6%
0%
13.1%
77%
7 years
1,154
15.9%
12.2%
19.4%
0%
14.1%
94%
10 years
413
17.2%
14.1%
20.9%
0%
14.7%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
128
18.5%
−53.6%
91.1%
15%
14.9%
62%
2 years
116
19.4%
−26.5%
39.2%
6%
16.0%
68%
3 years
104
18.6%
−14.6%
27.7%
6%
16.0%
67%
5 years
80
16.5%
−0.1%
22.6%
1%
14.4%
80%
7 years
56
16.3%
12.4%
19.7%
0%
14.2%
88%
10 years
20
17.3%
13.9%
18.5%
0%
14.5%
100%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Financial Services TRI over the same days. Past returns do not promise future returns.
SBI Banking & Financial Services Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
SBI Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
−6.73%
−8.88%
Standard deviation
16.66%
17.58%
Sharpe ratio
-0.72
-0.80
Sortino ratio
-0.98
-1.11
Maximum drawdown
−16.1%
(31-03-2026)
−17.3%
(30-03-2026)
Beta
0.92
1.00
Alpha
+1.01%
0.00%
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+14.59%
+9.77%
Standard deviation
15.62%
16.24%
Sharpe ratio
0.55
0.23
Sortino ratio
0.76
0.32
Maximum drawdown
−16.1%
(31-03-2026)
−17.3%
(30-03-2026)
Beta
0.92
1.00
Alpha
+5.13%
0.00%
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+10.68%
+6.64%
Standard deviation
16.05%
16.70%
Sharpe ratio
0.30
0.05
Sortino ratio
0.42
0.07
Maximum drawdown
−19.9%
(07-03-2022)
−21.4%
(16-06-2022)
Beta
0.91
1.00
Alpha
+4.12%
0.00%
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+14.28%
+12.73%
Standard deviation
19.52%
20.60%
Sharpe ratio
0.46
0.36
Sortino ratio
0.62
0.49
Maximum drawdown
−43.8%
(23-03-2020)
−43.5%
(23-03-2020)
Beta
0.91
1.00
Alpha
+2.23%
0.00%
From daily NAVs, 28-10-2016 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Banking & Financial Services Fund (Direct)This fund
Nifty Financial Services TRI
Return (CAGR)
+13.88%
+10.90%
Standard deviation
19.33%
20.50%
Sharpe ratio
0.43
0.26
Sortino ratio
0.58
0.36
Maximum drawdown
−43.8%
(23-03-2020)
−43.5%
(23-03-2020)
Beta
0.90
1.00
Alpha
+3.51%
0.00%
From daily NAVs, 05-03-2015 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
−50%−40%−30%−20%−10%0%
SBI Banking & Financial Services Fund (Direct)
Nifty Financial Services TRI
201620182020202220242026
SBI Banking & Financial Services Fund (Direct)Nifty Financial Services TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
SBI Banking & Financial Services Fund (Direct)
−43.8%
20-02-2020
23-03-2020
09-12-2020
9 months
−11.8%
Nifty Financial Services TRI
−43.5%
02-01-2020
23-03-2020
15-12-2020
9 months
−12.4%
From the Direct plan's daily NAV since 05-03-2015, adjusted for unit splits, and Nifty Financial Services TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
SBI Banking & Financial Services Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
SBI Banking & Financial Services Fund Expense Ratio and Costs
What each plan charges a year, in force from 09-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.65%
0.09%
0.01%
0.43%
1.18%
1.18%
117/235
Regular
1.49%
0.09%
0.01%
0.57%
2.16%
2.41%
60/235
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−7.65%
−6.73%
0.92%
₹92,350
₹93,270
3 years
13.40%
14.59%
1.19% a year
₹1,45,827
₹1,50,467
5 years
9.47%
10.68%
1.21% a year
₹1,57,208
₹1,66,091
10 years
12.99%
14.28%
1.29% a year
₹3,39,156
₹3,79,929
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
SBI Banking & Financial Services Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 05-03-2015 to 30-10-2026: 140 instalments, ₹14,00,000 in all.
Investment
Invested
Value now
Gain
Return a year
Direct planSBI Banking & Financial Services Fund (Direct)
₹14,00,000
₹33,96,713
₹19,96,713
14.3%
Regular planSBI Banking & Financial Services Fund (Regular)
Direct planSBI Banking & Financial Services Fund (Direct)Regular planSBI Banking & Financial Services Fund (Regular)Nifty Financial Services TRICategory averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
SBI Banking & Financial Services Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
92.6%Equity
Asset
Fund
Category
Equity
92.6%
94.5%
Cash and others
7.3%
4.0%
Debt
0.1%
1.5%
Market cap of stocks
Market cap
Fund
Category
Large Cap
62.0%
45.7%
Mid Cap
12.5%
19.6%
Small Cap
16.6%
24.1%
Not on AMFI's list
1.4%
2.3%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
SBI Banking & Financial Services Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Banks49.3%
Finance25.0%
Insurance10.0%
Capital Markets4.9%
Financial Technology (Fintech)3.5%
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Banks
51.9%
49.1%
49.3%
−2.6%
Finance
23.8%
24.0%
25.0%
+1.2%
Insurance
8.9%
10.2%
10.0%
+1.1%
Capital Markets
4.5%
2.4%
4.9%
+0.4%
Financial Technology (Fintech)
1.7%
4.7%
3.5%
+1.8%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
SBI Banking & Financial Services Fund Portfolio Holdings
As on 30-09-2026 · 39 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
HDFC Bank Ltd.
Banks
13.04%
−7.3%
ICICI Bank Ltd.
Banks
12.77%
+24.8%
Kotak Mahindra Bank Ltd.
Banks
10.19%
0.0%
Bajaj Finance Ltd.
Finance
6.85%
−3.9%
HDFC Life Insurance Company Ltd.
Insurance
4.66%
+13.2%
One 97 Communications Ltd.
Financial Technology (Fintech)
3.46%
0.0%
Bank of Baroda
Banks
2.96%
0.0%
Muthoot Finance Ltd.
Finance
2.87%
−26.8%
Axis Bank Ltd.
Banks
2.82%
New
Manappuram Finance Ltd.
Finance
2.48%
+100.2%
The South Indian Bank Ltd.
Banks
2.22%
0.0%
Cholamandalam Investment & Finance Co. Ltd.
Finance
2.18%
0.0%
Cholamandalam Financial Holdings Ltd.
Finance
1.97%
0.0%
ICICI Prudential Life Insurance Company Ltd.
Insurance
1.93%
0.0%
Aditya Birla Capital Ltd.
Finance
1.72%
+73.9%
Star Health & Allied Insurance Co. Ltd.
Insurance
1.71%
0.0%
Aptus Value Housing Finance India Ltd.
Finance
1.66%
0.0%
Bandhan Bank Ltd.
Banks
1.54%
0.0%
Bank of India
Banks
1.38%
0.0%
360 ONE WAM Ltd.
Capital Markets
1.38%
0.0%
Karur Vysya Bank Ltd.
Banks
1.12%
+0.8%
PNB Housing Finance Ltd.
Finance
1.07%
0.0%
Life Insurance Corporation of India
Insurance
1.06%
−28.3%
Aavas Financiers Ltd.
Finance
1.01%
−2.4%
HDB Financial Services Ltd.
Finance
1.00%
−6.3%
National Stock Exchange of India Ltd.
Capital Markets
0.95%
New
Canara Bank
Banks
0.92%
0.0%
CARE Ratings Ltd.
Capital Markets
0.87%
0.0%
SBI Cards & Payment Services Ltd.
Finance
0.86%
+2572.4%
Billionbrains Garage Ventures Ltd.
Capital Markets
0.79%
New
Niva Bupa Health Insurance Company Ltd.
Insurance
0.65%
0.0%
BSE Ltd.
Capital Markets
0.59%
New
Moneyview Ltd.
Finance
0.49%
New
Sundaram Finance Ltd.
Finance
0.47%
+38.7%
CRISIL Ltd.
Finance
0.35%
0.0%
Multi Commodity Exchange of India Ltd.
Capital Markets
0.32%
New
Indian Bank
Banks
0.30%
0.0%
364 DAY T-BILL 19.11.26 · Treasury bill
Sovereign
0.05%
TATA Capital Ltd.
Finance
0.03%
0.0%
SBI Banking & Financial Services Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
HDFC Bank Ltd.
↓Reduced
−7.3%
13.04%
ICICI Bank Ltd.
↑Added
+24.8%
12.77%
Bajaj Finance Ltd.
↓Reduced
−3.9%
6.85%
State Bank of India
↓Sold out
−100%
was 4.87%
HDFC Life Insurance Company Ltd.
↑Added
+13.2%
4.66%
Muthoot Finance Ltd.
↓Reduced
−26.8%
2.87%
Axis Bank Ltd.
↑New
New
2.82%
Manappuram Finance Ltd.
↑Added
+100.2%
2.48%
Aditya Birla Capital Ltd.
↑Added
+73.9%
1.72%
Life Insurance Corporation of India
↓Reduced
−28.3%
1.06%
Karur Vysya Bank Ltd.
↑Added
+0.8%
1.12%
HDB Financial Services Ltd.
↓Reduced
−6.3%
1.00%
Aavas Financiers Ltd.
↓Reduced
−2.4%
1.01%
National Stock Exchange of India Ltd.
↑New
New
0.95%
SBI Cards & Payment Services Ltd.
↑Added
+2572.4%
0.86%
Billionbrains Garage Ventures Ltd.
↑New
New
0.79%
PB Fintech Ltd.
↓Sold out
−100%
was 0.72%
BSE Ltd.
↑New
New
0.59%
Pine Labs Ltd.
↓Sold out
−100%
was 0.59%
Moneyview Ltd.
↑New
New
0.49%
Sundaram Finance Ltd.
↑Added
+38.7%
0.47%
Multi Commodity Exchange of India Ltd.
↑New
New
0.32%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
SBI Banking & Financial Services Fund Overview
Fund facts from the scheme summary document
Expense ratio (Direct)
1.18%
Expense ratio (Regular)
2.16%
Category
Thematic
Risk
Not available
Benchmark
Not available
Launch date
Not available
Minimum investment
Not available
Minimum additional investment
Not available
AUM
₹10,420.42 Cr (30-09-2026)
Lock in
Not available
Scheme code (Direct)
133859
ISIN (Direct)
INF200KA1507
Scheme code (Regular)
133858
ISIN (Regular)
INF200KA1473
NAV history
From 05-03-2015, 11.7 years
Exit load
Not available
Tax on SBI Banking & Financial Services Fund returns
SBI Banking & Financial Services Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹46.5583
30-10-2026
direct
IDCW
₹41.6162
30-10-2026
regular
Growth
₹41.1652
30-10-2026
regular
IDCW
₹36.9684
30-10-2026
About SBI Banking & Financial Services Fund
SBI Banking & Financial Services Fund is a mutual fund from SBI Mutual Fund. Its category is Thematic. At the end of September 2026 it held 39 securities.
Frequently Asked Questions for SBI Banking & Financial Services Fund
What is the current NAV of SBI Banking & Financial Services Fund?
The Direct plan NAV is ₹46.5583. The Regular plan NAV is ₹41.1652, as on 30-10-2026.
What are the returns of SBI Banking & Financial Services Fund?
The Direct plan returned −6.73% in 1 year, +14.59% a year over 3 years, +10.68% a year over 5 years. The Regular plan returned −7.65% in 1 year, +13.40% a year over 3 years, +9.47% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of SBI Banking & Financial Services Fund?
The Direct plan charges 1.18% a year. The Regular plan charges 2.16% a year. This is the figure the fund house reported to AMFI, in force from 09-10-2026.
What is the AUM of SBI Banking & Financial Services Fund?
SBI Banking & Financial Services Fund managed ₹10,420.42 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of SBI Banking & Financial Services Fund?
At the end of September 2026 the largest holdings were HDFCBANK (13.04%), ICICIBANK (12.77%), KOTAKBANK (10.19%), BAJFINANCE (6.85%), HDFCLIFE (4.66%). The fund held 39 securities in all.
What did SBI Banking & Financial Services Fund buy and sell in September 2026?
It bought 6 new stocks: Billionbrains Garage Ventures Ltd, Moneyview Ltd, BSE Ltd, Axis Bank Ltd, National Stock Exchange of India Ltd. It sold out of 3: State Bank of India, Pine Labs Ltd, PB Fintech Ltd. It added shares in 7. It reduced 6.
How do I invest in SBI Banking & Financial Services Fund?
Through SBI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. You can invest once or through a monthly SIP.
How has SBI Banking & Financial Services Fund performed against its benchmark?
Its benchmark is Nifty Financial Services TRI. The Direct plan returned +10.68% a year over 5 years. The benchmark returned +6.64% a year over 5 years.
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.
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