SBI Long Term Equity Fund Direct Growth
About the Fund
SBI Long Term Equity Fund Direct Growth is an equity fund. This fund was started on 1 January, 2013. The fund is managed by Dinesh Balachandran. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Long Term Equity Fund Direct Growth has ₹25738 Cr worth of assets under management (AUM) as on Jun 2024 and is more than category average.
- The fund has an expense ratio 0.9.
Returns
SBI Long Term Equity Fund Direct Growth has given a CAGR return of 18.08% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.38%, 28.48% and 26.44% respectively.
Holdings
SBI Long Term Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Energy, Health, Basic Materials, Tech, Utilities, Communication, Consumer Defensive, Real Estate. Its top holdings are GE T&D India Ltd, HDFC Bank Ltd, Mahindra & Mahindra Ltd, ICICI Bank Ltd, Bharti Airtel 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 Equity Fund Direct Growth
To deliver the benefit of investment in a portfolio of equity shares, while offering deduction on such investment made in the scheme under section 80C of the Income-tax Act, 1961. It also seeks to distribute income periodically depending on distributable surplus. Investments in this scheme would be subject to a statutory lock-in of 3 years from the date of allotment to avail Section 80C benefits.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 500.00. There is a lock in period for SBI Long Term Equity Fund Direct Growth of 3 Years
INDmoney Rank
Fund Overview
| Expense ratio | 0.93% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹25738 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 15.35% |
| Risk |   Very High Risk |
Fund Distributionas on (30-Jun-24)
as on (30-Jun-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 GE T&D India Ltd | 5.28% | -5.8% | |
 HDFC Bank Ltd | 5% | 24.4% | |
 Mahindra & Mahindra Ltd | 3.8% | 0% | |
 ICICI Bank Ltd | 3.46% | 0% | |
 Bharti Airtel Ltd | 3.12% | 0% |
Returns for the month of Jun
Mutual Fund Insights
SBI Long Term Equity Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹25738 Cr
Expense Ratio 0.93%
Frequently Asked Questions
SBI Long Term Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.57% | 2.57% |
6 Month Returns | 25.69% | 25.69% |
1 Year Returns | 55.38% | 55.38% |
3 Years Returns | 112.1% | 28.48% |
5 Years Returns | 223.17% | 26.44% |
- 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 Equity Fund Direct Growth | 16.36 | 8.63 | 5.28 |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Long Term Equity Fund Direct Growth | 0.97 | 0.93 | 0.96 |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Long Term Equity Fund Direct Growth | 3.29 | 1.56 | 1.02 |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Long Term Equity Fund Direct Growth | 12.27 | 13.36 | 18.81 |