SBI Equity Minimum Variance Fund Direct Growth
Equity
Direct
Equity - Other
NAV: ₹ 22.51 as on 24-04-2024
Fund Performance
159 people have invested ₹ 33.2L in SBI Equity Minimum Variance Fund Direct Growth in the last three months
Mutual Fund Insights
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 1.13%.
Over the last 6 months, this fund has experienced a 18.3% growth in AUM moving from 160.38 Cr to 189.69 Cr.
In the last 3 years, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 47.24% return, outperforming this fund by 28.53% per annum.
In the last 1 year, Aditya Birla Sun Life PSU Equity Fund Direct Growth has given 97.39% return, outperforming this fund by 63.93%.
In the last 5 years, Invesco India PSU Equity Fund Direct Plan Growth has given 29% return, outperforming this fund by 11.93% per annum.
Over the last 1 month, this fund has increased expense ratio by 2.4% moving from 0.41 to 0.42.
INDmoney Rank of SBI Equity Minimum Variance Fund Direct Growth
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Pros
Lower expense ratio
Beats FD returns for both 3Y & 5Y duration
Cons
3Y returns in the bottom 25% of the category
About the 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 Mohit Jain, Raviprakash Sharma. The fund could potentially beat inflation in the long-run.
Key Parameters
- SBI Equity Minimum Variance Fund Direct Growth has ₹190 Cr worth of assets under management (AUM) as on Mar 2024 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 |
 | ₹190 Cr |
 | 19 March, 2019 |
 | ₹5000/₹500 |
 Exit Load | 0.5% |
 | No Lock-in |
 TurnOver | 37.3% |
SBI Equity Minimum Variance Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
99%
Mid cap
1%
Sector Allocation
Consumer Defensive
29%
Health
23.4%
Tech
11.4%
Financial Services
11%
Consumer Cyclical
7%
Basic Materials
6.4%
Energy
5%
Communication
2.6%
Utilities
2%
Industrial
2%
Top Holdings of SBI Equity Minimum Variance Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
SBI Equity Minimum Variance Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at -0.07% whereas the fund’s underlying benchmark Nifty 500 returns stands at -0.47% as on Mar'24
- This fund outperformed Nifty 500 by 0.40% in Mar'24
AUM Change
- AUM of the fund stands at 189.7 Cr as of Mar'24
- AUM increased by 2.2 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in SBI Equity Minimum Variance Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Auto Ltd | 8.1% |
 Bharti Airtel Ltd | 4.9% |
Peer Analysis
SBI Equity Minimum Variance Fund Direct Growth Fund Manager
Mohit Jain
Fund Manager of SBI Equity Minimum Variance Fund Direct Growth, since 19 March 2019
Top funds managed
Raviprakash Sharma
Fund Manager of SBI Equity Minimum Variance Fund Direct Growth, since 19 March 2019
Top funds managed
SBI Equity Minimum Variance 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 17.21% since inception which is less than its category average return of 22.61%
Fund Allocations
This fund has an allocation of 99.98% in Equity, 0% in Debt and 0.02% in Cash related instruments
AUM size ₹190 Cr
This fund has AUM of ₹190 Cr which is less than its category average of ₹ 1778 Cr
Expense Ratio 0.42%
This fund has an expense ratio of 0.42% which is less than its category average expense ratio of 1.32%
Frequently Asked Questions
The current NAV of SBI Equity Minimum Variance Fund Direct Growth is ₹22.51 as on 24-Apr-2024.
Existing (Absolute + CAGR) as on 24-Apr-2024.
SBI Equity Minimum Variance Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.8% | -0.8% |
6 Month Returns | 16.69% | 16.69% |
1 Year Returns | 33.46% | 33.46% |
3 Years Returns | 67.31% | 18.71% |
5 Years Returns | 119.91% | 17.07% |
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0.42% as on March 2024
₹190 Cr as on March 2024
Nestle India Ltd(8.07%), Dr Reddy's Laboratories Ltd(7.99%), Hindustan Unilever Ltd(7.92%), Britannia Industries Ltd(7.89%), Tata Consultancy Services Ltd(6.32%) as on March 2024
Consumer Defensive(29.04%), Health(23.42%), Tech(11.45%) as on March 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 | 8.47 | 3.97 | 3.63 |
As on March 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 | 0.89 | 0.86 | 0.82 |
As on March 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 | 2.65 | 1.11 | 0.78 |
As on March 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 | 9.99 | 12.02 | 16.04 |
As on March 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 2.28 as on March 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Information ratio is 0.64 as on March 2024. It tells the consistency of the fund in generating superior risk-adjusted performance
Mohit Jain, Raviprakash Sharma 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%