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    SBI Focused Equity mutual fund review: Promise of healthy track record

    Synopsis

    . It leaves behind a healthy track record under previous mandate but with occasional bouts of sharp underperformance. Its performance since shifting mandate shows investors can expect continuity in the hands of its veteran fund manager.

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    ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.

    BASIC FACTS

    DATE OF LAUNCH
    10 NOVEMBER 2004
    CATEGORY
    EQUITY
    TYPE
    FLEXI CAP
    AUM*
    Rs.26,218 Crore
    BENCHMARK
    S&P BSE 500 TOTAL
    RETURN INDEX

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    WHAT IT COSTS

    NAV**
    GROWTH OPTION
    Rs.229.83
    IDCW
    Rs.42.04
    MINIMUM INVESTMENT
    Rs.5,000
    MINIMUM SIP AMOUNT
    Rs.500
    EXPENSE RATIO*** (%)
    1.63
    EXIT LOAD
    1% for redemption
    within 365 days.

    *AS ON 31 JULY 2022
    **AS ON 8 AUGUST 2022
    ***AS ON 30 JUNE 2022


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    FUND MANAGER
    R. SRINIVASAN
    TENURE: 13 YEARS, 2 MONTHS

    Recent portfolio changes

    New Entrants: Delhivery
    Complete Exits: Tube Investments of India, Crompton Greaves Consumer Electricals.
    Increasing allocation: Divi’s Laboratories, Maruti Suzuki India, Bharti Airtel, ICICI Lombard, Muthoot Finance, Page Industries, Relaxo Footwears, Bajaj Finance, ICICI Bank.

    Should you buy?
    After repositioning, this fund retains its concentrated approach from its earlier avatar as SBI Emerging Businesses but takes a higher large-cap tilt now compared to its erstwhile mid- and small-cap flavour. It still retains sizeable presence in mid-caps compared to peers. The degree of portfolio concentration is also higher among peerset with a compact portfolio of around 21 stocks. It further sets itself apart with selective bets in foreign stocks. It leaves behind a healthy track record under previous mandate but with occasional bouts of sharp underperformance. Its performance since shifting mandate shows investors can expect continuity in the hands of its veteran fund manager.

    (Source: Value Research)
    (Disclaimer: The opinions expressed in this column are that of the writer. The facts and opinions expressed here do not reflect the views of www.economictimes.com.)

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