Fund Details
SBI Equity Savings Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.03% |
| NAV | ₹16.90 (20 Jan 2021) |
|---|---|
| Fund Started | 27 May 2015 |
| Fund Size | ₹1,350 Cr |
Returns
Comparison
1. 1Y Returns are higher than the category average returns
2. 3Y Returns are higher than the category average returns
3. 5Y Returns are higher than the category average returns
1. Risk-adjusted returns are lower compared to the category
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 8.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 7.4% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 5.0% |
| GOI | Sovereign | GOI Sec | 4.8% |
| TMF Holdings Ltd. | Financial | Debenture | 4.2% |
| Federal Bank Ltd. | Financial | Term Deposits | 2.6% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.5% |
| HDFC Bank Ltd. | Financial | Equity | 2.5% |
| ICICI Bank Ltd. | Financial | Equity | 2.4% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.4% |
Fund Managers
SBI Equity Savings Fund Direct Growth Details
SBI Equity Savings Fund Direct Growth is a Hybrid Mutual Fund Scheme launched by SBI Mutual Fund. This scheme was made available to investors on 27 May 2015. Ruchit Mehta, Neeraj Kumar is the Current Fund Manager of SBI Equity Savings Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹1,350 Cr and the Latest NAV as of 20 Jan 2021 is ₹16.90.
The SBI Equity Savings Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 1000. Exit load of 0.10% if redeemed within 15 days.
Investment Objective
The scheme seeks to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
