There are many schemes of mutual funds, which have rich in invested investors. These include SBI Mutual Fund’s SBI Banking and Financial Services Fund. 10 years of this scheme have been completed. This scheme has been excellent since the beginning. During this time, the direct plan of this scheme has given 14.94 percent returns and the regular plan has given 13.73 percent returns.
This fund was started in 2015
SBI Banking & Financial Services Scheme started on 26 February 2015. You will get an idea of the return of this scheme that if you had started a SIP of Rs 10,000 every month when you started the scheme, then today your money would have increased to Rs 27.67 lakh. This is 15.98 percent CAGR return. SBI Mutual Fund has told about this.
More than 14 percent returns in the last 4 years
If you had invested a lump sum of Rs 1 lakh at the time of its launch in the SBI Banking and Financial Services Scheme, then your money in the direct plan would have increased to Rs 4.03 lakh. Your return in the regular plan would have been Rs 3.62 lakh. Its return was 14.26 percent CAGR in the last five years. In comparison, the return of benchmark Nifty Financial Services TRI was 12.62 percent.
Fund AUM 6,481 crore
The fund has given 15.71 percent returns in the last three years, which is much higher than the 10.22 percent return of the benchmark. Last year, this skin has given 14.82 per cent returns, which is more than the 14.38 per cent returns of the benchmark. The asset under management (AUM) of this fund was Rs 6,481 crore on 31 January 2025. The fund manager of this fund is Milind Aggarwal. This fund invests in stocks of banking and financial services companies.
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Should you invest?
Experts say the track record of a scheme of mutual funds indicates its performance. But, by just looking at the old performance or returns of a scheme, one should not decide to invest in it. Second, one should also invest in a themetic fund. The reason for this is that there is a limit for investment of such funds. For example, this fund only invests in stocks of banking and financial services companies. The performance of this fund will also be weak if the performance of banking and financial services companies is weak.