SBI Tax Advantage Fund Series III Direct Growth
Equity
Direct
Elss (Tax Savings)
NAV: ₹ 74.5 as on 27-09-2023
Fund Performance
About the Fund
SBI Tax Advantage Fund Series III Direct Growth is an equity fund. This fund was started on 4 April, 2014. The fund is managed by Nidhi Chawla, R. Srinivasan. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Tax Advantage Fund Series III Direct Growth has ₹32 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 1.
SBI Tax Advantage Fund Series III Direct Growth Overview
 | 0.99% |
 Benchmark | S&P BSE 500 India TR INR |
 | ₹32 Cr |
 | 4 April, 2014 |
 | ₹0/₹0 |
 | 0% |
 | 3 Years |
 TurnOver | 23.66% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
51.7%
Small cap
26%
Mid cap
16.3%
Sector Allocation
Financial Services
42.5%
Basic Materials
12.8%
Health
9.5%
Consumer Cyclical
8.4%
Industrial
6.5%
Communication
5.7%
Utilities
5.1%
Tech
4.8%
Energy
4.8%
Top Holdings of SBI Tax Advantage Fund Series III Direct Growth as on (31-Aug-23)
Equity Holdings22
SBI Tax Advantage Fund Series III Direct Growth: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at -1.32% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.74% as on Aug'23
- This fund underperformed Nifty 500 by 0.57% in Aug'23
AUM Change
- AUM of the fund stands at 31.7 Cr as of Aug'23
- AUM decreased by 0.7 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in SBI Tax Advantage Fund Series III Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Chemplast Sanmar Ltd | 15.8% |
 Neogen Chemicals Ltd | 7.5% |
 Cipla Ltd | 6.7% |
Top Losers | 1M Return |
|---|---|
 State Bank of India | -8.3% |
 Muthoot Finance Ltd | -6.4% |
 Blue Star Ltd | -5.6% |
Peer Analysis
SBI Tax Advantage Fund Series III Direct Growth Fund Manager
Nidhi Chawla
Fund Manager of SBI Tax Advantage Fund Series III Direct Growth, since 29 November 2017
Top funds managed
R. Srinivasan
Fund Manager of SBI Tax Advantage Fund Series III Direct Growth, since 10 September 2016
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 23.57% since inception which is more than its category average return of 14.26%
Fund Allocations
This fund has an allocation of 94.01% in Equity, 0% in Debt and 5.99% in Cash related instruments
AUM size ₹32 Cr
This fund has AUM of ₹32 Cr which is less than its category average of ₹ 2953 Cr
Expense Ratio 0.99%
This fund has an expense ratio of 0.99% which is less than its category average expense ratio of 1.5%
Frequently Asked Questions
The current NAV of SBI Tax Advantage Fund Series III Direct Growth is ₹74.5 as on 27-Sep-2023.
Existing (Absolute + CAGR) as on 27-Sep-2023.
SBI Tax Advantage Fund Series III Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.27% | 3.27% |
6 Month Returns | 23.19% | 23.19% |
1 Year Returns | 15.91% | 15.91% |
3 Years Returns | 123.05% | 30.66% |
5 Years Returns | 229.01% | 26.89% |
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0.99% as on August 2023
₹32 Cr as on August 2023
ICICI Bank Ltd(6.35%), Blue Star Ltd(6.07%), Muthoot Finance Ltd(5.97%), State Bank of India(5.85%), HDFC Asset Management Co Ltd(5.58%) as on August 2023
Financial Services(39.93%), Basic Materials(11.99%), Health(8.9%) as on August 2023
The alpha ratio for the SBI Tax Advantage Fund Series III Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
SBI Tax Advantage Fund Series III Direct Growth | 0.73 | 9.51 | 10.81 |
As on August 2023
The alpha for SBI Tax Advantage Fund Series III Direct Growth is calculated against S&P BSE 500 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 Tax Advantage Fund Series III Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
SBI Tax Advantage Fund Series III Direct Growth | 0.82 | 0.81 | 0.9 |
As on August 2023
The Beta for SBI Tax Advantage Fund Series III Direct Growth is calculated with S&P BSE 500 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 Tax Advantage Fund Series III Direct Growth for various period is as follows:
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
SBI Tax Advantage Fund Series III Direct Growth | 0.45 | 1.73 | 0.97 |
As on August 2023
The sharpe ratio for SBI Tax Advantage Fund Series III Direct Growth is calculated with S&P BSE 500 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 Tax Advantage Fund Series III Direct Growth for various period is as follows:
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
SBI Tax Advantage Fund Series III Direct Growth | 10.87 | 13.6 | 19.29 |
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 4.49 as on August 2023. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 1.04 as on August 2023. It tells the consistency of the fund in generating superior risk-adjusted performance
Nidhi Chawla, R. Srinivasan are the fund managers of SBI Tax Advantage Fund Series III Direct Growth
The Exit load of SBI Tax Advantage Fund Series III Direct Growth is 0%