SBI Banking and PSU Fund Direct-Growth

Q: What are the returns of this mutual fund scheme?

The SBI Banking and PSU Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.85% since inception. SBI Banking and PSU Fund Direct-Growth Returns 1-Year 3-Year 5-Year 10-Year Since Inception 7.07% 7.47% 6.01% 7.37% 7.85%

NAV as of Feb 02, 2026	Returns since inception	ET Money Rank	AUM (Fund size)
₹3409.8724+0.02% 1 day change	7.85% p.a.	App exclusive #NA View Ranked Funds	₹4,127 Cr

Historical NAV & returns

NAV: ₹3409.8724 as on Feb 02, 2026

This fund Category average

SBI Banking and PSU Fund overview

Expense ratio	0.39% as on Feb 02, 2026
Exit load	0%
AUM (Fund size)	₹4,127 Cr
Lock-in Period	Nil
Age	13 yrs 1 m since Jan 01, 2013
Benchmark	Nifty Banking & PSU Debt Index A-II
Min. investment	SIP: ₹500 & Lumpsum: ₹5000
Risk	Moderate
Tax on your gains	Profits are added to your income and taxed as per your slab rate

SBI Banking and PSU Fund Returns calculator

Investment type

Monthly investment

₹ 10,000

Investment period

Lumpsum investment

₹1 lakh

Investment period

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. Past performance is not an indicator of future returns.

Total investment ₹ 12 lakh
Profit ₹12 lakhs
Total corpus ₹1 lakh
Absolute return 52.69%

Trailing returns as on Feb 03, 2026

Period	This fund	Category average
1 Month	0.05%	0.01%
3 Months	0.48%	0.59%
6 Months	1.85%	1.83%
1 Year	7.07%	6.91%
2 Years	7.56%	7.55%
3 Years	7.47%	7.53%
4 Years	6.58%	6.72%
5 Years	6.01%	6.23%
7 Years	7.17%	7.24%
10 Years	7.37%	7.38%

Asset allocationas on Dec 31, 2025

Large Cap 0%

Mid Cap 0%

Small Cap 0%

Other Cap 0%

Top holdings

Bifurcation by Holding is not available for this fund

Top sectors

Bifurcation by Sector is not available for this fund

AAA 48.15%

A1+ 30.84%

SOV 10.79%

AA+ 6.96%

Top Debt Holdings

Kotak Mahindra Bank Ltd. 8.32%

Bank Of Baroda 7.12%

Canara Bank 5.34%

AU Small Finance Bank Ltd. 5.26%

Allocation by Instruments

Debenture 33.5%

Certificate of Deposit 30.84%

Bonds 13.850000000000001%

State Development Loan 7.470000000000001%

Other Holdings

Others 0.35%

Detailed portfolio analysis

Peer comparison

Fund name	1M	6M	1Y	3Y	5Y	10Y
SBI Banking and PSU Fund	0.05%	1.85%	7.07%	7.47%	6.01%	7.37%
ITI Banking & PSU Debt Fund	0.18%	2.08%	6.82%	7.35%	6.46%	3.25%
ICICI Prudential Banking & PSU Debt Fund	0.0%	2.19%	7.23%	7.78%	6.68%	7.79%
Axis Banking & PSU Debt Fund	-0.01%	1.88%	6.96%	7.27%	6.11%	7.39%
Bandhan Banking and PSU Fund	0.08%	1.86%	6.69%	7.26%	6.12%	7.34%
Kotak Banking and PSU Debt Fund	0.01%	2.1%	7.26%	7.73%	6.52%	7.74%

Fund name	Std. deviation	Beta	Sharpe	Sortino
SBI Banking and PSU Fund	1.26	1.42	0.9	1.48
ITI Banking & PSU Debt Fund	0.87	0.97	1.13	1.95
ICICI Prudential Banking & PSU Debt Fund	0.94	1.09	1.54	2.06
Axis Banking & PSU Debt Fund	1.08	1.31	0.88	1.33
Bandhan Banking and PSU Fund	1.0	1.23	0.93	1.47
Kotak Banking and PSU Debt Fund	1.24	1.35	1.13	1.72

Fund name	ETM Rank	AUM	Fund age	Expense ratio
SBI Banking and PSU Fund	N.A.	4,127 Cr	13 yrs 1 m	0.39%
ITI Banking & PSU Debt Fund	N.A.	37 Cr	5 yrs 3 m	0.15%
ICICI Prudential Banking & PSU Debt Fund	N.A.	9,728 Cr	13 yrs 1 m	0.39%
Axis Banking & PSU Debt Fund	N.A.	13,574 Cr	13 yrs 1 m	0.34%
Bandhan Banking and PSU Fund	N.A.	12,651 Cr	12 yrs 11 m	0.36%
Kotak Banking and PSU Debt Fund	N.A.	5,608 Cr	13 yrs 1 m	0.4%

View all Banking And Psu funds

Key risk & return ratios Compared to other funds in the category

Alpha	3.79 vs. 3.52 Higher outperformance against benchmark
Sharpe	0.9 vs. 4.03 Poor risk-adjusted returns
Beta	1.42 vs. 1.32 More sensitive to market's ups & downs
Standard deviation	1.26 vs. 1.13 More volatile performance

About this fund

About SBI Banking and PSU Fund

SBI Banking and PSU Fund Direct-Growth is a Banking and PSU mutual fund scheme from Sbi Mutual Fund. This fund has been in existence for 13 yrs 1 m, having been launched on 01/01/2013. SBI Banking and PSU Fund Direct-Growth has ₹4,127 Crores worth of assets under management (AUM) as on 31/12/2025 and is medium-sized fund of its category. The latest Net Asset Value (NAV) of SBI Banking and PSU Fund Direct-Growth as of 02/02/2026 is ₹3409.87. The fund has an expense ratio of 0.39%, which is close to what most other Banking And Psu funds charge.

SBI Banking and PSU Fund Direct-Growth returns of last 1-year are 7.15%. Since launch, it has delivered 7.85% average annual returns. The fund has doubled the money invested in it every 10 yrs.
SBI Banking and PSU Fund Direct-Growth scheme's ability to deliver returns consistently is in-line with most funds of its category. Its ability to control losses in a falling market is average.
The fund's credit profile is high indicating it has lent to borrowers whose quality is great. Most funds in this category lend to better borrowers and hence the risk of default in this fund is higher than the category.
The fund's top holdings are in Kotak Mahindra Bank Ltd., Bank Of Baroda, Canara Bank, AU Small Finance Bank Ltd., Power Grid Corporation Of India Ltd..

...

Fund AUM	4,127 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

Fund managers

Ardhendu Bhattacharya

Mr. Bhattacharya is a MBA (Marketing) and Bachelor of Engineering. Prior to joining SBI Mutual Fund, he has worked with ICICI Bank and Citibank.

Investment 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.

SBI Mutual Fund details

No. of schemes	72 view all schemes
Total AUM	12,63,745 Cr as on Dec 31, 2025
Address	9th Floor-Crescenzo, C-38 & 39- G Block, Bandra-Kurla Complex, Bandra (East) Mumbai, 400051
Phone	022-61793000 / 1800-425-5425

More funds from SBI Mutual Fund

Fund name	ETM Rank	AUM	1Y	3Y
SBI Credit Risk Fund	N.A.	2,175 Cr	7.97%	8.66%
SBI CRISIL IBX Gilt Index - June 2036 Fund	N.A.	2,737 Cr	5.83%	8.11%
SBI CRISIL IBX Gilt Index - April 2029 Fund	N.A.	2,038 Cr	7.9%	8.1%
SBI Medium Duration Fund	N.A.	6,889 Cr	7.18%	7.92%
SBI Floating Rate Debt Fund	N.A.	750 Cr	6.99%	7.73%
SBI CRISIL IBX SDL Index - September 2027 Fund	N.A.	998 Cr	7.52%	7.73%

See all Debt funds from this AMC

Frequently asked questions

What is the current NAV of SBI Banking and PSU Fund Direct-Growth?

The current Net Asset Value (NAV) of the SBI Banking and PSU Fund - Direct Growth plan is approximately ₹3409.8724 as of Feb 02, 2026.

What are the returns of this mutual fund scheme?

The SBI Banking and PSU Fund Direct-Growth is a 13 yrs 1 m old fund and has delivered average annual returns of 7.85% since inception.

SBI Banking and PSU Fund Direct-Growth Returns

1-Year	3-Year	5-Year	10-Year	Since Inception
7.07%	7.47%	6.01%	7.37%	7.85%

How much does this mutual fund charge as expense ratio?

The SBI Banking and PSU Fund - Direct Growth has an expense ratio of 0.39%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

What is the AUM or fund size of this mutual fund?

The SBI Banking and PSU Fund currently has assets under management (AUM) or fund size valued at approximately 4,127 Cr as on Dec 31, 2025.

To whom does SBI Banking and PSU Fund lend to?

The top 3 debt holdings of SBI Banking and PSU Fund are as follows

Holding Name	Percentage of Portfolio
Kotak Mahindra Bank Ltd.	8.32%
Bank Of Baroda	7.12%
Canara Bank	5.34%

What is the quality of borrowers this mutual fund scheme lends to?

The credit rating of the instruments in which the fund invests represents the quality of the borrower.

The SBI Banking and PSU Fund allocation by credit quality is given below

Credit Quality	Percentage of Portfolio
AAA	48.15%
A1+	30.84%
SOV	10.79%

What is risk level of SBI Banking and PSU Fund?

This is a Banking And Psu fund comes with Moderate risk.

Is there any lock-in period in this mutual fund?

No, this fund does not have any lock-in period.

How do I invest in SBI Banking and PSU Fund Direct-Growth?

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for SBI Banking and PSU Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the SBI Banking and PSU Fund is complete.

How can I redeem my investments in SBI Banking and PSU Fund?

Redeeming your investments in the SBI Banking and PSU Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

ET Money rank

App exclusive

in Banking and PSU

#NA

Return Outperformance: This fund has generated highest return amongst Banking and PSU funds in the last 2 Years.
Exit Load: This fund has no exit load.
Return Consistency: This fund ranks lower in terms of generating consistent return in it's category.
Volatility Protection: This fund ranks lower in terms of protecting against volatility within its category.
Return/Risk: The fund is performing poorly than its category.