NIFTY FINANCIAL SERVICES TRI · Sectoral / Thematic· NAV-verified
SBI Banking And Financial Services Fund
₹10,420 cr across 36 positions, as filed for 2026-09-30. Returns are the fund's AMFI growth-plan NAV; holdings and behavior come from its filed monthly portfolios.
Returns, against the category
Q2 FY27: −3% over 1 year against the median Sectoral / Thematic fund's +2%.
| Over | Quarter | 1 year | 3 years (ann.) | 5 years (ann.) |
|---|---|---|---|---|
| SBI Banking And Financial Services Fund | −6% | −3% | +13% | +10% |
| Median Sectoral / Thematic fund | −2% | +2% | +12% | +11% |
+19%Q3 FY24+33%Q4 FY24+32%Q1 FY25+36%Q2 FY25+20%Q3 FY25+17%Q4 FY25+17%Q1 FY26+9%Q2 FY26+20%Q3 FY26+2%Q4 FY26+2%Q1 FY27−3%Q2 FY27
What moved the fund, last 12 filed months
Contribution = the fund's filed weight each month × that stock's price move in its own filings, in percentage points of NAV. Corporate-action months are left out.
| Stock | 12 months | Latest month |
|---|---|---|
| State Bank of India | +2.2 pp | 0.0 pp |
| Axis Bank Ltd. | +1.7 pp | 0.0 pp |
| Kotak Mahindra Bank Ltd. | +1.5 pp | −0.1 pp |
| Aditya Birla Capital Ltd. | +1.0 pp | −0.1 pp |
| Angel One Ltd. | +0.6 pp | 0.0 pp |
| Stock | 12 months | Latest month |
|---|---|---|
| HDFC Bank Ltd. | −3.2 pp | −0.0 pp |
| HDFC Life Insurance Company Ltd. | −1.2 pp | −0.2 pp |
| Bajaj Finserv Ltd. | −0.7 pp | 0.0 pp |
| ICICI Bank Ltd. | −0.7 pp | −1.0 pp |
| Aptus Value Housing Finance India Ltd. | −0.7 pp | −0.1 pp |
Holdings, as filed for 2026-09-30
| Holding | Sector | % of fund | Value | Held for | Vs avg cost |
|---|---|---|---|---|---|
| HDFC Bank | Financial Services | 13.04% | ₹1,358 cr | 62 mo | -13% |
| ICICI Bank | Financial Services | 12.77% | ₹1,331 cr | 62 mo | +6% |
| Kotak Mahindra Bank Limited | Financial Services | 10.19% | ₹1,062 cr | 44 mo | +11% |
| Bajaj Finance Limited | Financial Services | 6.85% | ₹713 cr | 12 mo | -8% |
| HDFC Life Insurance Company Limited | Financial Services | 4.66% | ₹486 cr | 19 mo | -19% |
| One 97 | Financial Services | 3.46% | ₹361 cr | 3 mo | +9% |
| Bank of Baroda | Financial Services | 2.96% | ₹308 cr | 19 mo | -9% |
| Muthoot Finance Limited | Financial Services | 2.87% | ₹299 cr | 46 mo | -12% |
| Axis Bank | Financial Services | 2.82% | ₹294 cr | 1 mo | 0% |
| Manappuram Finance Limited | Financial Services | 2.48% | ₹259 cr | 5 mo | -1% |
| The South Indian Bank Limited | Financial Services | 2.22% | ₹232 cr | 11 mo | +23% |
| Cholamandalam Investment and Finance Company Limited | Financial Services | 2.18% | ₹227 cr | 8 mo | +5% |
| Cholamandalam Financial Holdings Limited | Financial Services | 1.97% | ₹206 cr | 30 mo | -9% |
| ICICI Prudential Life Insurance Company Limited | Financial Services | 1.93% | ₹201 cr | 16 mo | -27% |
| Aditya Birla Capital Limited | Financial Services | 1.72% | ₹179 cr | 3 mo | -3% |
How this fund actually behaves
Computed from every filed monthly portfolio (62 months of filings) by the research pipeline.
| Holding patience | Median months a position is held (25th–75th band) | 5 mo (3–12) |
| Win rate on exits | Closed positions sold above entry, and the payoff ratio (78 exits) | 59% · payoff 2.6× |
| Loser handling | Cuts losers vs averages down, from 12 months of filings | Averages down |
| Entry valuation discipline | Median P/E paid on entries over 36 months; share above 50× | 27× · 27% over 50× |
| Portfolio valuation today | Weighted P/E and P/B of the current book at filed prices | 43.6× P/E · 3.4× P/B |
| Churn | Stocks entered and exited in 12 months, of 36 positions | 38 in · 33 out |
| Concentration | Top 10 holdings' share; effective number of positions | 62% · ~14 effective |