SBI Equity Minimum Variance Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 19.6 as on 20-09-2023
Fund Performance
90 people have invested ₹ 12.7L in SBI Equity Minimum Variance Fund Direct Growth in the last three months
Fund Insights
In the last 3 years, ICICI Prudential Commodities Fund Direct Growth has given 43.17% return, outperforming this fund by 22.23% per annum.
Over the last 6 months, this fund has increased expense ratio by 23.5% moving from 0.34 to 0.42.
In the last 1 year, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 39.06% return, outperforming this fund by 21.95%.
This fund has one of the lowest expense ratio in the category (equity - other). Its expense ratio is 0.42% which is lower than the category average expense ratio of 1.19%.
INDmoney Rank
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Pros
Lower expense ratio
Cons
No bad points found for this fund.
About the Fund
SBI Equity Minimum Variance Fund Direct Growth is an equity fund. This fund was started on 19 March, 2019. The fund is managed by Raviprakash Sharma, Mohit Jain. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Equity Minimum Variance Fund Direct Growth has ₹156 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.4.
SBI Equity Minimum Variance Fund Direct Growth Overview
 | 0.42% |
 Benchmark | IISL Nifty 50 TR INR |
 | ₹156 Cr |
 | 19 March, 2019 |
 | ₹5000/₹500 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 37.3% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
99.8%
Sector Allocation
Consumer Defensive
24.8%
Health
23.5%
Tech
12.4%
Financial Services
9.7%
Basic Materials
7%
Consumer Cyclical
6.9%
Energy
5.9%
Utilities
5.6%
Industrial
2.2%
Communication
2.1%
Top Holdings of SBI Equity Minimum Variance Fund Direct Growth as on (31-Aug-23)
Equity Holdings50
SBI Equity Minimum Variance Fund Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -1.67% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund underperformed Nifty 500 by 0.92% in Aug'23
AUM Change
- AUM of the fund stands at 155.5 Cr as of Aug'23
- AUM decreased by 1.7 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in SBI Equity Minimum Variance Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Cipla Ltd | 6.7% |
 Mahindra & Mahindra Ltd | 5.5% |
 Infosys Ltd | 5.1% |
Peer Analysis
SBI Equity Minimum Variance Fund Direct Growth Fund Manager
Raviprakash Sharma
Fund Manager of SBI Equity Minimum Variance Fund Direct Growth, since 19 March 2019
Top funds managed
Mohit Jain
Fund Manager of SBI Equity Minimum Variance Fund Direct Growth, since 19 March 2019
Top funds managed
Fund 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 16.07% since inception which is more than its category average return of 15.5%
Fund Allocations
This fund has an allocation of 99.81% in Equity, 0% in Debt and 0.19% in Cash related instruments
AUM size ₹156 Cr
This fund has AUM of ₹156 Cr which is less than its category average of ₹ 1353 Cr
Expense Ratio 0.42%
This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 1.38%
Frequently Asked Questions
The current NAV of SBI Equity Minimum Variance Fund Direct Growth is ₹19.57 as on 20-Sep-2023.
Existing (Absolute + CAGR) as on 20-Sep-2023.
SBI Equity Minimum Variance Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.21% | 3.21% |
6 Month Returns | 20.65% | 20.65% |
1 Year Returns | 17.11% | 17.11% |
3 Years Returns | 76.89% | 20.94% |
5 Years Returns | 0% | 0% |
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0.42% as on August 2023
₹156 Cr as on August 2023
Cipla Ltd Shs Dematerialised(9.75%), Nestle India Ltd(7.67%), Hindustan Unilever Ltd(7.44%), Tata Consultancy Services Ltd Shs Dematerialised(7.14%), Britannia Industries Ltd(7%) as on August 2023
Consumer Defensive(24.77%), Health(23.41%), Tech(12.37%) as on August 2023
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 | 3.72 | 3.05 | - |
As on August 2023
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 | 0.85 | 0.82 | - |
As on August 2023
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 | 0.61 | 1.22 | - |
As on August 2023
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 | 10.68 | 12.64 | - |
As on August 2023
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 2.62 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.11 as on August 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Raviprakash Sharma, Mohit Jain 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%