- Mutual Funds
- SBI Mutual Fund
- SBI Banking and PSU Fund (RIDCW-M)
Formerly SBI Banking and PSU Reg Mn DR
SBI Banking and PSU Fund (RIDCW-M)
₹ 1166.1888
NAV (Sep 22)
Banking and psu funds provides relative safety of capital with growth at par with inflation and is suitable for investment objectives with duration of 1-5 years or longer.
Banking and PSU Funds are mandated to invest a minimum of 80% of total assets in debt instruments issued by Banks, Public Sector Undertakings and Public Financial Institutions.
They tend to invest in medium to long duration securities and hence are exposed to higher variations when interest rates change.
The category accounts for close to 8% of the total assets in the Debt Segment.
We assess the credit quality of funds in this category as relatively poor.We do not recommend funds in this category since we believe that the potential incremental return is not justified by the higher credit risk and higher interest rate risk.
Scripbox does not recommend investing in the dividend option of a fund because dividends are taxable at a higher rate than withdrawals.
Investment Calculator
Investment Duration5 years
0
Total Investment0
Wealth Gained0
Total Corpus Created (₹)
With CAGR of 11.25 % in 5 yearsHistorical NAV
₹ 1166.1888
NAV (Sep 22)
Fund Returns
Last 1Y | 6.5% |
Last 3Y | 4.2% |
Last 5Y | 6.1% |
Last 10Y | 5.7% |
Since Inception | 5.9% |
6 Month CAGR | 3.6% |
Scheme Information
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.
Expense Ratio | 0.81 |
Launched (14y ago) | Oct 09, 2009 |
AUM in Crores | 4474.501 |
ISIN | INF200K01U90 |
Lock-in | No Lock-in |
Benchmark | IISL NIFTY Banking and PSU Debt TR INR |
SIP Minimum | 1000 |
Lumpsum Min. | 5000 |
Standard Deviation (3yr) | 1.6 |
Standard Deviation (5yr) | 2.1 |
Beta (3yr) | 0 |
Beta (5yr) | 0 |
Sharpe Ratio (3yr) | -0.32 |
Sharpe Ratio (5yr) | 0.421 |
YTM | 7.55 |
Fund Managers
Returns Calculator Comparison
of
for
with step up of
| Asset | Returns | Total Corpus | Gains | CAGR |
|---|---|---|---|---|
| SBI Banking and PSU Fund (RIDCW-M) | 8,48,560 | 1,15,948 | 6.1% | |
| EPF | 9,00,761 | 1,68,149 | 8.50% | |
| Property | 8,67,662 | 1,35,050 | 7.00% | |
| PPF | 8,69,819 | 1,37,207 | 7.10% | |
| Bank FD | 8,46,471 | 1,13,859 | 6.00% | |
| Gold | 8,46,471 | 1,13,859 | 6.00% | |
| Savings Bank | 8,25,950 | 93,338 | 5.00% |
Disclaimer: Products compared like fixed deposits may provide fixed guaranteed returns. Mutual Funds investments are subject to market risk, read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.
Asset allocation and Holdings
Top Debt Holdings
national bank for agriculture and rural development
5.9%nuclear power corporation of india limited
4.7%icici bank limited
4.3%axis bank limited
3.9%indian railway finance corporation limited
3.9%Comparison with Debt Funds
| Fund Name | Fund Size | Rolling Returns |
|---|---|---|
₹ 44,468 cr | ||
₹ 18,357 cr | ||
₹ 10,408 cr | ||
₹ 14,357 cr | ||
₹ 9,121 cr |
About the AMC
SBI Funds Management Ltd
| Fund Name | Scripbox Opinion | Till Date CAGR | |
|---|---|---|---|
4.4% | 6.5% | ||
28.7% | 17.6% | ||
32.4% | 15.7% | ||
23.3% | 11.8% | ||
4.6% | 6.9% |
SBI Banking and PSU Fund (RIDCW-M) Review
SBI Banking and PSU Fund (RIDCW-M) is a Banking And Psu Debt fund and has delivered an annualised return of 5.9% over a period of 13 years. The fund was previously known as SBI Banking and PSU Reg Mn DR. The fund is managed by SBI Funds Management Ltd. The fund managers are Mohit Jain, Rajeev Radhakrishnan.
Nav of SBI Banking and PSU Fund (RIDCW-M) as of 9/22/2023 is ₹1166.19 with the total AUM as of 9/23/2023 is ₹4474.501. With Scripbox you can compare and check the latest nav for all mutual funds in India. SBI Banking and PSU Fund (RIDCW-M) was launched on Oct 09, 2009. The category risk of the fund is Low to Moderate Risk.
The minimum SIP amount for SBI Banking and PSU Fund (RIDCW-M) is ₹1000 and you can increase this in multiples of ₹100. In case you want to invest a lump sum, the minimum amount to be invested is ₹5000. Check your estimated returns on mutual funds by using sip calculator.
SBI Banking and PSU Fund (RIDCW-M) is suited for investors looking to invest for 1-4 years. The asset class is less volatile than equity and the fund is likely to provide stable but slow growth. The fund is benchmarked to IISL NIFTY Banking and PSU Debt TR INR.
SBI Banking and PSU Fund (RIDCW-M) is rated as a 3 fund in Debt and delivered 6.5% returns in the last 1 year. Scripbox provides a compare mutual funds research tool to view a detailed comparison with SBI Banking and PSU Fund (RIDCW-M).
Frequently Asked Questions
What is SBI Banking and PSU Fund (RIDCW-M)?
How to invest in SBI Banking and PSU Fund (RIDCW-M)?
You can invest in SBI Banking and PSU Fund (RIDCW-M) through AMC, intermediaries, brokers or platforms like Scripbox. To learn step by step process visit how to invest in mutual funds?
What is the minimum sip amount of SBI Banking and PSU Fund (RIDCW-M)?
The minimum sip amount for SBI Banking and PSU Fund (RIDCW-M) is ₹1000. You can invest in multiples of ₹5000.
Is SBI Banking and PSU Fund (RIDCW-M) good to invest in?
As per Scripbox experts, SBI Banking and PSU Fund (RIDCW-M) is a Neutral fund. You can investSBI Banking and PSU Fund (RIDCW-M) fund if its investment objective and risk-o-meter matches your investment goals and risk preferences.
What is the expense ratio of the SBI Banking and PSU Fund (RIDCW-M)?
The expense ratio of the SBI Banking and PSU Fund (RIDCW-M) is 0.81% for regular plan.