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How is SBI banking and financial services Fund?

How is SBI banking and financial services Fund?

1. The Current Net Asset Value of the SBI Banking & Financial Services Fund – Regular Plan as of 13 Dec 2021 is Rs 24.8399 for Growth option of its Regular plan. 2. Its trailing returns over different time periods are: 18.63\% (1yr), 14.22\% (3yr), 16.41\% (5yr) and 13.73\% (since launch).

Which is best banking and financial services fund?

2. Top Sectoral Banking Mutual Funds

Fund 3-Year Returns 5-Year Returns
ICICI Prudential Banking and Financial Services Fund Growth -0.67\% 11.29\%
Edelweiss Banking and PSU Debt Fund Regular Growth 10.36\% 9.11\%
Kotak Banking and PSU Debt Growth 9.09\% 8.82\%
HDFC Banking & PSU Debt Fund Regular Plan Growth Option 8.45\% 8.69\%

Which fund is best in SBI?

List of Sbi Mutual Funds in India

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Fund Name Category 1Y Returns
SBI Bluechip Fund Equity 26.2\%
SBI Flexicap Fund Equity 31.5\%
SBI Banking & Financial Services Fund Equity 15.8\%
SBI Focused Equity Fund Equity 42.1\%

Which is best bank for SIP?

Best Sectoral Banking Funds are equity mutual funds that invest primarily in Indian bank equity and equity-linked securities….5 Best Banking Funds SIP To Invest In India 2021.

Banking Mutual Funds SBI Banking & Financial Services Fund
1 Year Return 83.11\%
5 Years Return 20.01\%
Expense ratio 0.91\%

What is banking and financial services Fund?

Banking and financial services sector funds are a type of equity sector funds that primarily invest in companies that cater to the banking and financial services. Ideally, an investor who has an experience of equities and also a good knowledge in the banking sector should only invest in these funds.

How can I withdraw my SBI Mutual Fund?

An investor can choose to withdraw money from liquid funds by filling in a transaction slip and requesting for a redemption subject to completion of KYC requirements. Alternatively, he can choose to redeem online through website of the mutual fund or through the mobile app.

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How secure is SBI Mutual Fund?

Safety: The mutual fund schemes by SBI are one of the country’s trusted and reliable fund schemes. Variety of Options: Investing in SBI Mutual Fund comes with a broad range of choices, you can invest for a short-term, mid-term and long-term in these schemes offered by the SBI.

Is SBI Mutual Fund Tax Free?

When you invest in SBI MF ELSS Funds, you become eligible for a tax deduction of up to Rs 1.5 lakh under Section 80C of the Income Tax Act. In this, the amount invested by you gets deducted from your taxable income.