SBI Long Term Equity Fund Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV as on 03-10-2024
₹ 482.09
▲0.1%
1D
Inception Returns
18.4%
/yr
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 ₹28000 Cr worth of assets under management (AUM) as on Aug 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 18.37% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 55.67%, 28.39% and 28.22% respectively.
Holdings
SBI Long Term Equity Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Energy, Health, Tech, Basic Materials, Utilities, Consumer Defensive, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, GE T&D India Ltd, Reliance Industries Ltd, Mahindra & Mahindra Ltd, ICICI Bank 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
Historical NAV & Returns
Annualised
▲
▼
26586 people have invested ₹ 18.9Cr in SBI Long Term Equity Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
2
/23
88% Performance
50% Risk Management
25% Cost
2 out of 23 among elss (tax savings)
Generated Consistent Returns
Consistently beats benchmark
Lower probablity of downside risk
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.93% |
Benchmark | S&P BSE 200 India TR INR |
| AUM | ₹28000 Cr |
| Inception Date | 1 January, 2013 |
| Min Lumpsum/SIP | ₹500/₹500 |
| Exit Load | 0% |
| Lock In | 3 Years |
TurnOver | 18.51% |
| 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 (03-Oct-24)
Fund Distribution
as on (31-Aug-24)
Large cap
56.1%
Mid cap
22.1%
Small cap
11.9%
Sector Allocation
Financial Services
25%
Industrial
13.7%
Consumer Cyclical
11.7%
Energy
9.7%
Health
8.8%
Tech
8.5%
Basic Materials
7.5%
Utilities
5.9%
Consumer Defensive
4.7%
Communication
3.5%
Real Estate
1%
All changes are between Jun'24 and Aug'24
- This fund’s returns stands at 0.81% whereas the fund’s underlying benchmark Nifty 500 returns stands at 0.97% as on Aug'24
- This fund underperformed Nifty 500 by 0.16% in Aug'24
- AUM of the fund stands at 28K Cr as of Aug'24
- AUM increased by 472.8 Cr between Aug'24 and Jul'24
Top Stocks bought last month
Tata Motors Ltd's allocation increased from 1.12% to 3.17%
Reliance Industries Ltd's allocation increased from 2.67% to 3.44%
Lupin Ltd's allocation increased from 1.87% to 2.15%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 4.49 % to 4.47 %
GE T&D India Ltd's allocation decreased from 4.61 % to 3.7 %
Mahindra & Mahindra Ltd's allocation decreased from 3.61 % to 3.42 %
Small Cap allocation has gone down from 14.6% to 11.9%
Mid Cap allocation has gone up from 20.6% to 22.1%
Large Cap allocation has gone up from 55.1% to 56.1%
Cash allocation has gone up from 7.4% to 9.8%
Top 3 Sectors in August were Financial Services, Industrial & Consumer Cyclical
Aug'24
Financial Services
25%
Industrial
14%
Consumer Cyclical
12%
Jul'24
Financial Services
25%
Industrial
15%
Consumer Cyclical
12%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Sundaram Clayton Ltd | 35.5% |
 Mahindra & Mahindra Ltd | 14% |
 HDFC Bank Ltd | 6.1% |
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Dinesh Balachandran
Fund Manager of SBI Long Term Equity Fund Direct Growth, since 10 September 2016
Top funds managed
Fund House
SBI Funds Management Ltd
Total Schemes
Total AUM
₹7.47L Cr
as on 31-Aug-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
In the last 3 years, this fund has outperformed all funds in its category.
This fund expense ratio is slightly on the lower side within the category (elss (tax savings)). Its expense ratio is 0.93% which is lower than the category average expense ratio of 1.26%.
Over the last 6 months, this fund has experienced a 32.1% growth in AUM moving from 21.20K Cr to 28.00K Cr.
In the last 1 year, Motilal Oswal ELSS Tax Saver Fund Direct Plan Growth has given 68.94% return, outperforming this fund by 13.28%.
Over the last 15 months, this fund has decreased expense ratio by 13.1% moving from 1.07 to 0.93.
In the last 5 years, Quant ELSS Tax Saver Growth Option Direct Plan has given 37.59% return, outperforming this fund by 9.37% per annum.
SBI Long Term Equity 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 18.37% since inception which is more than its category average return of 16.95%
Fund Allocations
This fund has an allocation of 90.18% in Equity, 0% in Debt and 9.82% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is more than its category average of ₹ 4134 Cr
Expense Ratio 0.93%
This fund has an expense ratio of 0.93% which is less than its category average expense ratio of 1.47%
Frequently Asked Questions
The current NAV of SBI Long Term Equity Fund Direct Growth is ₹482.09 as on 03-Oct-2024.
Existing (Absolute + CAGR) as on 03-Oct-2024.
SBI Long Term Equity Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 1.74% | 1.74% |
6 Month Returns | 22.03% | 22.03% |
1 Year Returns | 55.67% | 55.67% |
3 Years Returns | 111.64% | 28.39% |
5 Years Returns | 246.56% | 28.22% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.93% as on September 2024
₹28000 Cr as on September 2024
HDFC Bank Ltd(4.47%), GE T&D India Ltd(3.7%), Reliance Industries Ltd(3.44%), Mahindra & Mahindra Ltd(3.42%), ICICI Bank Ltd(3.26%) as on September 2024
Financial Services(22.56%), Industrial(12.37%), Consumer Cyclical(10.57%) as on September 2024
The alpha ratio for the SBI Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Long Term Equity Fund Direct Growth | 10.51 | 8.99 | 5.87 |
As on September 2024
The alpha for SBI Long Term Equity Fund Direct Growth is calculated against S&P BSE 200 India 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 Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Long Term Equity Fund Direct Growth | 1.01 | 0.99 | 0.96 |
As on September 2024
The Beta for SBI Long Term Equity Fund Direct Growth is calculated with S&P BSE 200 India 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 Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Long Term Equity Fund Direct Growth | 3.15 | 1.51 | 1.17 |
As on September 2024
The sharpe ratio for SBI Long Term Equity Fund Direct Growth is calculated with S&P BSE 200 India 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 Long Term Equity Fund Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Long Term Equity Fund Direct Growth | 12.31 | 13.5 | 18.43 |
As on September 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 3.07 as on September 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 2.27 as on September 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Dinesh Balachandran is the fund manager of SBI Long Term Equity Fund Direct Growth
The Exit load of SBI Long Term Equity Fund Direct Growth is 0%