SBI Long Term Advantage Fund Series IV Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 21-11-2024
₹ 48.3
1D
Inception Returns
22.9%
/yr
About SBI Long Term Advantage Fund Series IV Direct Growth
SBI Long Term Advantage Fund Series IV Direct Growth is an equity fund. This fund was started on 7 April, 2017. The fund is managed by Nidhi Chawla, R. Srinivasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Long Term Advantage Fund Series IV Direct Growth has ₹227 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.9.
Returns
SBI Long Term Advantage Fund Series IV Direct Growth has given a CAGR return of 22.94% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 23.50%, 15.38% and 27.61% respectively.
Holdings
SBI Long Term Advantage Fund Series IV Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Energy, Consumer Defensive, Health, Utilities, Communication. Its top holdings are GKW Ltd, Infosys Ltd, Bajaj Auto Ltd, Ashok Leyland Ltd, Coal India Ltd
Taxation
As it is a elss (tax savings) 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 Long Term Advantage Fund Series IV Direct Growth
"The investment objective of the scheme is to generate capital appreciation over a period of ten years by investing predominantly in equity and equityrelated instruments of companies along with income tax benefit.However, there can be no assurance that the investment objective of the Scheme will be realized."
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 0.00. There is a lock in period for SBI Long Term Advantage Fund Series IV Direct Growth of 3 Years
Historical NAV & Returns
SBI Long Term Advantage Fund Series IV Direct Growth Overview
| Expense ratio | 0.93% |
Benchmark | BSE 500 TR INR |
| AUM | ₹227 Cr |
| Inception Date | 7 April, 2017 |
| Min Lumpsum/SIP | --/-- |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 24.62% |
| 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 (21-Nov-24)
Fund Distribution
as on (31-Oct-24)
- This fund’s returns stands at -5.46% whereas the fund’s underlying benchmark Nifty 500 returns stands at -6.52% as on Oct'24
- This fund outperformed Nifty 500 by 1.06% in Oct'24
- AUM of the fund stands at 226.9 Cr as of Oct'24
- AUM decreased by 14.2 Cr between Oct'24 and Sep'24
Top 3 Sectors in October were Financial Services, Industrial & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 GKW Ltd | 9.22% | -3.6% | |
 Infosys Ltd | 8.52% | 22.2% | |
 Bajaj Auto Ltd | 4.77% | 10900% | |
 Ashok Leyland Ltd | 4.59% | 499900% | |
 Coal India Ltd | 4.58% | 53.3% |
Top Growth Drivers | 1M Return |
|---|---|
 Federal Bank Ltd | 6.9% |
 HDFC Bank Ltd | 0.8% |
SBI Long Term Advantage Fund Series IV Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹227 Cr
Expense Ratio 0.93%
Frequently Asked Questions for SBI Long Term Advantage Fund Series IV Direct Growth
SBI Long Term Advantage Fund Series IV Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.23% | -6.23% |
6 Month Returns | 7.96% | 7.96% |
1 Year Returns | 23.5% | 23.5% |
3 Years Returns | 53.61% | 15.38% |
5 Years Returns | 238.4% | 27.61% |
- Click Buy on the fund name.
- Input the amount you are looking to invest.
- Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
- Select your bank account and proceed with Payment.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Long Term Advantage Fund Series IV Direct Growth | 3.96 | 3.96 | 9.68 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Long Term Advantage Fund Series IV Direct Growth | 0.77 | 0.78 | 0.93 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Long Term Advantage Fund Series IV Direct Growth | 1.39 | 0.8 | 1.08 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Long Term Advantage Fund Series IV Direct Growth | 16.25 | 13.66 | 21.05 |