SBI Banking and PSU Fund - Direct Plan - Growth

Regular

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.
Direct

Regular and Direct options of the funds are exactly same except commission to your mutual fund broker/distributor. As an investor you do not need to pay any additional fees to purchase any of these options. However both have different expense ratios. Regular funds have higher expense ratio and direct funds have lower expense ratio. This difference is because of commission paid to broker/distributor. Lower expense ratio leads to higher returns for investors.

No of Debt Holding 51 (Category Avg - 60.33) | Modified Duration 3.47 Years (Category Avg - 3.00)| Yield to Maturity 6.86% (Category Avg - 6.69%)

Portfolio Summary (as on 30th Sep,2025)

Security Type	% Weight	Category Average
GOI	15.43%	14.64%
CD	8.21%	5.61%
T-Bills	0.00%	0.03%
CP	0.00%	0.16%
NCD & Bonds	68.88%	72.32%
PTC	0.00%	0.99%

Category - Banking and PSU Fund

Security Type	% Weight	Category Average
Government Backed	15.43%	14.67%
Low Risk	77.09%	79.08%
Moderate Risk	0.00%	0.00%
High Risk	0.00%	0.00%
Very High Risk	0.00%	0.00%
Others	0.00%	0.00%

Category - Banking and PSU Fund

Debt holding in Portfolio (as on 30th Sep,2025)

Instrument	Type	Sector	Rating	Rating Agency	Value (Mn)	% of Total Holding	Quantity
Bond - Govt of India	GOI	Other			2211.54	5.43%	2.25 Cr
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	2109.98	5.18%	23.00 k
Bond - GAIL (India) Ltd.	NCD & Bonds	Gas transmission/marketing	INDAAA	FITCH	1777.20	4.36%	1.75 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	LAA	ICRA	1771.32	4.35%	17.50 k
Bond - National Bank for Financing Infrastructure and Development	NCD & Bonds	Non banking financial company (nbfc)	AAA	CRISIL	1718.66	4.22%	17.00 k
Bond - Govt of India	GOI	Other			1708.58	4.19%	1.70 Cr
Bond - ICICI Bank Ltd.	NCD & Bonds	Private sector bank	LAAA	ICRA	1614.36	3.96%	1.60 k
Bond - India Infrastructure Finance Co. Ltd.	NCD & Bonds	Financial institution	INDAAA	FITCH	1498.61	3.68%	15.00 k
Bond - Au Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	1432.71	3.52%	3.00 k
Bond - National Highways Infra Trust	NCD & Bonds	Road assets–toll, annuity, hybrid-annuity	INDAAA	FITCH	1244.16	3.05%	25.00 k
Bond - Equitas Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	1167.24	2.87%	2.50 k
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	LAAA	ICRA	1063.42	2.61%	10.40 k
Bond - ONGC Petro-Additions Ltd.	NCD & Bonds	Petrochemicals	LAA	ICRA	1008.14	2.48%	10.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	1012.01	2.48%	10.00 k
Bond - Indian Railway Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	989.89	2.43%	10.00 k
Bond - HDFC Bank Ltd.	NCD & Bonds	Private sector bank	AAA	CRISIL	982.28	2.41%	1.00 k
Bond - Govt of India	GOI	Other			979.96	2.41%	95.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	966.97	2.37%	9.50 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	811.22	1.99%	8.00 k
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	AAA	CRISIL	762.99	1.87%	7.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	761.88	1.87%	7.50 k
Bond - Bank Of Baroda	NCD & Bonds	Public sector bank	LAAA	ICRA	758.94	1.86%	750.00
Bond - Equitas Small Finance Bank Ltd.	CD	Other bank	P1+	CRISIL	739.57	1.82%	1.50 k
Bond - State Bank Of India	NCD & Bonds	Public sector bank	AAA	CRISIL	698.96	1.72%	700.00
Bond - Export Import Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	655.99	1.61%	650.00
Bond - Govt of India	GOI	Other			656.43	1.61%	65.00 L
Bond - National Bank for Agriculture & Rural Development	NCD & Bonds	Financial institution	LAAA	ICRA	512.50	1.26%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	508.07	1.25%	5.00 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	507.88	1.25%	5.00 k
Bond - Power Finance Corporation Ltd.	NCD & Bonds	Financial institution	AAA	CRISIL	498.04	1.22%	5.00 k
Bond - Govt of India	GOI	Other			416.61	1.02%	40.00 L
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	406.44	1.00%	4.00 k
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	357.18	0.88%	350.00
Bond - NHPC Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	334.87	0.82%	1.65 k
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	321.28	0.79%	3.50 k
Bond - National Thermal Power Corporation Ltd.	NCD & Bonds	Power generation	AAA	CRISIL	296.84	0.73%	300.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	255.11	0.63%	250.00
Bond - Nuclear Power Corporation of India Limited	NCD & Bonds	Power generation	AAA	CRISIL	254.72	0.63%	250.00
Bond - NHPC Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	254.16	0.62%	1.25 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	253.57	0.62%	2.50 k
Bond - Small Industries Development Bank Of India	NCD & Bonds	Financial institution	AAA	CRISIL	253.54	0.62%	2.50 k
Bond - Punjab National Bank	NCD & Bonds	Public sector bank	AAA	CRISIL	249.79	0.61%	25.00
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	LAAA	ICRA	248.55	0.61%	2.50 k
Bond - Govt of India	GOI	Other			245.59	0.60%	25.00 L
Bond - Rural Electrification Corporation Limited	NCD & Bonds	Financial institution	AAA	CRISIL	102.98	0.25%	100.00
Bond - Canara Bank	NCD & Bonds	Public sector bank	AA+	CRISIL	102.69	0.25%	10.00
Bond - Mahanagar Telephone Nigam Ltd.	NCD & Bonds	Telecom - cellular & fixed line services	INDAAA	FITCH	66.76	0.16%	67.00
Bond - Power Grid Corporation of India Ltd.	NCD & Bonds	Power - transmission	AAA	CRISIL	52.19	0.13%	40.00
Bond - Govt of India	GOI	Other			40.07	0.10%	4.06 L
Bond - Govt of India	GOI	Other			28.51	0.07%	2.81 L
Bond - NHPC Ltd.	NCD & Bonds	Power generation	LAAA	ICRA	20.35	0.05%	100.00