| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 1.01% |
| NAV | ₹14.25 (10 Jul 2020) |
|---|---|
| Fund Started | 27 May 2015 |
| Fund Size | ₹1,324 Cr |
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 9.1% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.3% |
| GOI | Sovereign | GOI Sec | 6.0% |
| Adani Ports and Special Economic Zone Ltd. | Services | Equity | 4.1% |
| TMF Holdings Ltd. | Financial | Debenture | 3.8% |
| HDFC Bank Ltd. | Financial | Equity | 2.8% |
| Federal Bank Ltd. | Financial | Term Deposits | 2.6% |
| Hindustan Unilever Ltd. | FMCG | Equity | 2.6% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 2.5% |
| Tata Power Co. Ltd. | Energy | Debenture | 2.3% |
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 ₹1,324 Cr and the Latest NAV as of 10 Jul 2020 is ₹14.25.
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.
The investment objective of the scheme is 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. However there is no guarantee or assurance that the investment objective of the scheme will be achieved.
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.