SBI Equity Minimum Variance Fund Direct Growth
Equity
Direct
Equity - Other
NAV as on 22-11-2024
₹ 23.76
1D
Inception Returns
16%
/yr
About SBI Equity Minimum Variance Fund Direct Growth
SBI Equity Minimum Variance Fund Direct Growth is an equity fund. This fund was started on 19 March, 2019. The fund is managed by Mohit Jain, Raviprakash Sharma. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Equity Minimum Variance Fund Direct Growth has ₹219 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.4.
Returns
SBI Equity Minimum Variance Fund Direct Growth has given a CAGR return of 16.01% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 16.20%, 13.59% and 17.89% respectively.
Holdings
SBI Equity Minimum Variance Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Consumer Defensive, Health, Financial Services, Tech, Basic Materials, Consumer Cyclical, Energy, Industrial, Utilities, Communication. Its top holdings are Britannia Industries Ltd, Hindustan Unilever Ltd, Nestle India Ltd, Sun Pharmaceuticals Industries Ltd, Tata Consultancy Services Ltd
Taxation
As it is a equity - other mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of SBI Equity Minimum Variance Fund Direct Growth
The investment objective of the scheme is to provide long term capital appreciation by investing in a diversified basket of companies in Nifty 50 Index while aiming for minimizing the portfolio volatility. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 500.00. SBI Equity Minimum Variance Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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206 people have invested ₹ 29.4L in SBI Equity Minimum Variance Fund Direct Growth in the last three months
INDmoney Rank for SBI Equity Minimum Variance Fund Direct Growth
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IND ranking is not available for this fund.
Lower expense ratio
Beats FD returns for both 3Y & 5Y duration
3Y returns in the bottom 25% of the category
SBI Equity Minimum Variance Fund Direct Growth Overview
| Expense ratio | 0.41% |
Benchmark | IISL Nifty 50 TR INR |
| AUM | ₹219 Cr |
| Inception Date | 19 March, 2019 |
| Min Lumpsum/SIP | ₹5000/₹500 |
Exit Load | 0.5% |
| Lock In | No Lock-in |
TurnOver | 43.18% |
| STCG | Redeeming before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Trailing Returns
as on (22-Nov-24)
Fund Distribution
as on (31-Oct-24)
Large cap
100%
Sector Allocation
Consumer Defensive
30.2%
Health
21.1%
Financial Services
11.3%
Tech
10%
Basic Materials
8.1%
Consumer Cyclical
7.6%
Energy
4.9%
Industrial
3.2%
Utilities
2%
Communication
1.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -8.87% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund underperformed Nifty 500 by 2.35% in Oct'24
- AUM of the fund stands at 219.3 Cr as of Oct'24
- AUM decreased by 17.6 Cr between Oct'24 and Sep'24
Top Stocks bought last month
Apollo Hospitals Enterprise Ltd's allocation increased from 5.18% to 5.54%
Sun Pharmaceuticals Industries Ltd's allocation increased from 6.71% to 7.06%
Dr Reddy's Laboratories Ltd's allocation increased from 4.7% to 4.87%
Top Stocks sold last month
Britannia Industries Ltd's allocation decreased from 8.15 % to 8.08 %
Hindustan Unilever Ltd's allocation decreased from 8.04 % to 7.54 %
Nestle India Ltd's allocation decreased from 7.9 % to 7.29 %
Large Cap allocation has gone down from 100% to 100%
Cash allocation has gone up from -0% to -0%
Top 3 Sectors in October were Consumer Defensive, Health & Financial Services
Oct'24
Consumer Defensive
30%
Health
21%
Financial Services
11%
Sep'24
Consumer Defensive
32%
Health
20%
Financial Services
11%
See all
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Mohit Jain
Fund Manager of SBI Equity Minimum Variance Fund Direct Growth, since 19 March 2019
Top funds managed
Raviprakash Sharma
Fund Manager of SBI Equity Minimum Variance Fund Direct Growth, since 19 March 2019
Top funds managed
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.84L Cr
as on 31-Oct-2024
Address
9th Floor, Crescenzo,,C-38 & 39, G Block, Bandra Kurla Complex,,Bandra (East), Mumbai
Phone
91-22-66142900
Website
partnerforlife@sbimf.com
Mutual Fund Insights
Over the last 1 month, this fund has experienced a 7.4% drop in AUM moving from 236.82 Cr to 219.26 Cr.
Over the last 6 months, this fund has decreased expense ratio by 2.4% moving from 0.42 to 0.41.
In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 32.59% return, outperforming this fund by 14.71% per annum.
In the last 3 years, SBI PSU Direct Growth has given 34.11% return, outperforming this fund by 20.51% per annum.
This fund has one of the lowest expense ratio in the category (equity - other). Its expense ratio is 0.41% which is lower than the category average expense ratio of 1.14%.
In the last 1 year, HDFC Defence Fund Direct Growth has given 54.09% return, outperforming this fund by 37.89%.
SBI Equity Minimum Variance Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 16.01% since inception which is less than its category average return of 16.31%
Fund Allocations
This fund has an allocation of 100.01% in Equity, 0% in Debt and -0.01% in Cash related instruments
AUM size ₹219 Cr
This fund has AUM of ₹219 Cr which is less than its category average of ₹ 2245 Cr
Expense Ratio 0.41%
This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 1.21%
Frequently Asked Questions for SBI Equity Minimum Variance Fund Direct Growth
The current NAV of SBI Equity Minimum Variance Fund Direct Growth is ₹23.76 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
SBI Equity Minimum Variance Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -8.29% | -8.29% |
6 Month Returns | 1.67% | 1.67% |
1 Year Returns | 16.2% | 16.2% |
3 Years Returns | 46.58% | 13.59% |
5 Years Returns | 127.69% | 17.89% |
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0.41% as on October 2024
₹219 Cr as on October 2024
Britannia Industries Ltd(8.08%), Hindustan Unilever Ltd(7.54%), Nestle India Ltd(7.29%), Sun Pharmaceuticals Industries Ltd(7.06%), Tata Consultancy Services Ltd(5.65%) as on October 2024
Consumer Defensive(30.16%), Health(21.07%), Financial Services(11.35%) as on October 2024
The alpha ratio for the SBI Equity Minimum Variance Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Equity Minimum Variance Fund Direct Growth | -1.68 | 3.58 | 3.52 |
As on October 2024
The alpha for SBI Equity Minimum Variance Fund Direct Growth is calculated against IISL Nifty 50 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the SBI Equity Minimum Variance Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Equity Minimum Variance Fund Direct Growth | 1.14 | 0.94 | 0.84 |
As on October 2024
The Beta for SBI Equity Minimum Variance Fund Direct Growth is calculated with IISL Nifty 50 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the SBI Equity Minimum Variance Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Equity Minimum Variance Fund Direct Growth | 1.3 | 0.75 | 0.82 |
As on October 2024
The sharpe ratio for SBI Equity Minimum Variance Fund Direct Growth is calculated with IISL Nifty 50 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the SBI Equity Minimum Variance Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Equity Minimum Variance Fund Direct Growth | 15.51 | 13.04 | 16.62 |
As on October 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.25 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.76 as on October 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Mohit Jain, Raviprakash Sharma are the fund managers of SBI Equity Minimum Variance Fund Direct Growth
The Exit load of SBI Equity Minimum Variance Fund Direct Growth is 0.5%