SBI Equity Minimum Variance Fund Direct Growth

SBI Equity Minimum Variance Fund Direct Growth

Equity

Direct

Equity - Other

NAV as on 02-12-2024

₹ 24.02

0.6%

1D

Inception Returns

16.6%

/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 Raviprakash Sharma. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. 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.
  2. The fund has an expense ratio 0.4.

Returns

SBI Equity Minimum Variance Fund Direct Growth has given a CAGR return of 16.59% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 17.53%, 15.01% and 18.82% 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 benefit
Dividends 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

zero opening, trading, fund transfer fee
198 people have invested ₹ 29.6L 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.
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Lower expense ratio
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Beats FD returns for both 3Y & 5Y duration
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3Y returns in the bottom 25% of the category

SBI Equity Minimum Variance Fund Direct Growth Overview

Expense ratio0.41%
Benchmark
IISL Nifty 50 TR INR
AUM₹219 Cr
Inception Date19 March, 2019
Min Lumpsum/SIP₹5000/₹500
Exit Load
0.5%
Lock InNo Lock-in
TurnOver
43.18%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Trailing Returns

as on (02-Dec-24)

Period
SBI Equity Minimum Variance Fund Direct Growth
Nifty 500
equity - other
1M
-2.5%
0.1%
-
3M
-8.6%
-3.9%
-
6M
6.2%
8.2%
-
1Y
17.5%
26.1%
-
3Y
15%
15.1%
-
5Y
18.8%
18.4%
-

Fund Distribution

as on (31-Oct-24)

  • Equity 100%

Large cap
100%

Sector Allocation

Oct'24

Sep'24

Aug'24

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
Oct'24
Sep'24
Aug'24
Fund Returns
-8.87%
2.92%
2.72%
Nifty 500
-6.52%
2.04%
0.97%
  • 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
Parameters
Oct'24
Sep'24
Aug'24
AUM
₹ 219.3 Cr
₹ 236.8 Cr
₹ 228.9 Cr
  • 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%
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%
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%
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 %
Britannia Industries Ltd's allocation decreased from 8.15 % to 8.08 %
Hindustan Unilever Ltd's allocation decreased from 8.04 % to 7.54 %
Hindustan Unilever Ltd's allocation decreased from 8.04 % to 7.54 %
Nestle India Ltd's allocation decreased from 7.9 % to 7.29 %
Nestle India Ltd's allocation decreased from 7.9 % to 7.29 %
Large Cap allocation has gone down from 100% to 100%
Large Cap allocation has gone down from 100% to 100%
Cash allocation has gone up from -0% to -0%
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%
Fund
Oct'24
Sep'24
Aug'24
No of Holdings
52
52
52
Top 5 Company Concentration
35.6%
36.3%
38.4%
Company having highest exposure
Britannia Industries Ltd (8.1%)
Britannia Industries Ltd (8.2%)
Hindustan Unilever Ltd (8.2%)
No of Sectors
10
10
10
Top 5 Sectors Concentration
80.7%
80.6%
82.7%
Sector having highest exposure
Consumer Defensive (30.2%)
Consumer Defensive (31.7%)
Consumer Defensive (29.8%)
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Raviprakash Sharma
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

Insights icon
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%.
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In the last 5 years, ICICI Prudential Commodities Fund Direct Growth has given 33.04% return, outperforming this fund by 14.22% per annum.
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In the last 1 year, HDFC Defence Fund Direct Growth has given 65.52% return, outperforming this fund by 48%.
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In the last 3 years, SBI PSU Direct Growth has given 38.01% return, outperforming this fund by 23% per annum.
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Over the last 1 month, this fund has experienced a 7.4% drop in AUM moving from 236.82 Cr to 219.26 Cr.
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Over the last 6 months, this fund has decreased expense ratio by 2.4% moving from 0.42 to 0.41.

SBI Equity Minimum Variance Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 16.59% since inception which is less than its category average return of 18.78%
Fund Allocations

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

AUM size ₹219 Cr

This fund has AUM of ₹219 Cr which is less than its category average of ₹ 2225 Cr
Expense Ratio 0.41%

Expense Ratio 0.41%

This fund has an expense ratio of 0.41% which is less than its category average expense ratio of 1.2%

Frequently Asked Questions for SBI Equity Minimum Variance Fund Direct Growth

The current NAV of SBI Equity Minimum Variance Fund Direct Growth is ₹24.02 as on 02-Dec-2024.
Existing (Absolute + CAGR) as on 02-Dec-2024.
SBI Equity Minimum Variance Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-2.46%
-2.46%
6 Month Returns
6.17%
6.17%
1 Year Returns
17.53%
17.53%
3 Years Returns
52.11%
15.01%
5 Years Returns
136.82%
18.82%
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0.41% as on November 2024
₹219 Cr as on November 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 November 2024
Consumer Defensive(30.16%), Health(21.07%), Financial Services(11.35%) as on November 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
-4.94
1.75
3.47
As on November 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
1.16
0.97
0.84
As on November 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
0.68
0.7
0.8
As on November 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
15.53
13.18
16.69
As on November 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 1.15 as on November 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.34 as on November 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Raviprakash Sharma is the fund manager of SBI Equity Minimum Variance Fund Direct Growth
The Exit load of SBI Equity Minimum Variance Fund Direct Growth is 0.5%