SBI Mutual Fund, a subsidiary of India’s largest bank State Bank of India (SBI), is one of the leading fund houses in the country. The AAUM (average assets under management) of this fund house were recorded at over Rs. 2.64 lakh crore during the quarter ending December 2018. SBI AMC offers a wide variety of mutual fund investments to its customers including equity schemes, debt schemes, hybrid schemes and solution oriented schemes. The following in no particular order are the 5 top performing SBI Mutual Fund schemes
1: SBI Bluechip Fund
Inception Date: January, 2006
Fund Manager: Ms. Sohini Andani (Since 2013)
AUM: Rs. 20,625 crore
Fund Category: Equity – Large Cap
Fund Benchmark: S&P BSE 100 TRI
Expense Ratio: 1.19% (Direct)
| Returns | 1 Year | 3 Year | 5 Year |
| Trailing Returns | -4.11% | 9.39% | 15.89% |
| Rolling Returns | -5.77% | 11.51% | 16.65% |
| Category Average | -2.04 | 9.54% | 13.13% |
| Benchmark Returns (S&P BSE 100 TRI) | 2.61% | 12.82% | 13.57% |
(Data as on December 31, 2018; Source: Pulse Labs)
SBI Bluechip Fund is a large cap category veteran and has been one of the top performers since its launch in January 2006. During the previous 5 year period, it outperformed both its benchmark and its category on average by generating returns of 15.89%. As of December 2018, SBI Bluechip Fund has maintained 84% large cap allocation in its portfolio which is close to the minimum requirement of 80% large cap investment for the category.
Having invested around 9% of its assets in mid cap stocks and around 2% in small caps, it has maintained an aggressive growth-oriented investment stance. The scheme also has a cash holding of around 5%. As far as the sector-wise approach of the scheme is concerned, SBI Bluechip Fund is inclined towards consumption-driven sectors including Banking and Automobiles more than defensive sectors like Pharmaceuticals and Fertilizers. The scheme is being managed by Ms. Sohini Andani for the last 6 years now.
SBI Bluechip is one of the best offerings by the fund house which is capable of giving extraordinary returns in the long term.
2: SBI Magnum Multicap Fund
Inception Date: September, 2005
Fund Manager: Mr. Anup Upadhyay (Since 2017)
AUM: Rs. 6,402crore
Fund Category: Equity – Multi Cap
Fund Benchmark: S&P BSE 500 TRI
Expense Ratio: 1.15% (Direct)
| Returns | 1 Year | 3 Year | 5 Year |
| Trailing Returns | -5.51% | 11.05% | 18.59% |
| Rolling Returns | -7.34% | 13.51% | 19.88% |
| Category Average | -6.08% | 9.89% | 15.54% |
| Benchmark Returns (S&P BSE 500 TRI) | -1.80% | 12.41% | 14.66% |
(Data as on December 31, 2018; Source: Pulse Labs)
SBI Magnum Multicap Fund is a veteran fund which has been in the space since more than a decade. It has outperformed its category average in the last 3 year period. It has also given extraordinary returns in the long run. During the 5 year period till December 2018, it has given nearly 3% more returns than its category average and around 4% more than its benchmark.
The impressive performance of the fund keeps it popular among the investors. SBI Magnum Multicap Fund is a relatively aggressive fund which has given significant weightage to mid cap and small cap stocks in its portfolio. It has invested around 66% of its assets in large caps and another 12% in mid caps.
The small cap holdings of the scheme stand at 19%. In the sector-wise allocation of its funds also, the scheme has adopted an aggressive stance as it has given a higher weightage to cyclical sectors than counter-cyclical sectors. An investor looking for a good multicap fund can invest in SBI Magnum Multicap Fund considering the scheme’s long term performance and strong portfolio
3: SBI Focused Equity Fund
Inception Date: October, 2004
Fund Manager: Mr. R. Srinivasan (Since 2013)
AUM: Rs. 3,470 crore
Fund Category: Equity – Focused Fund (Multi Cap)
Fund Benchmark: S&P BSE 500 TRI
Expense Ratio: 1.29% (Direct)
| Returns | 1 Year | 3 Year | 5 Year |
| Trailing Returns | -3.81% | 12.48% | 18.59% |
| Rolling Returns | -5.76% | 14.57% | 19.54% |
| Category Average | -6.08% | 9.89% | 15.54% |
| Benchmark Returns (S&P BSE 500 TRI) | -1.80% | 12.41% | 14.66% |
(Data as on December 31, 2018; Source: Pulse Labs)
SBI Focused Equity Fund is an 18-year-old fund which has on average given returns more than both its benchmark and peers. The scheme generated a return of 12.48% during the last 3 year period (as of December 2018), against returns of 9.89% and 12.41% generated by its category average and benchmark respectively. Being a focused fund, it can invest in a maximum of 30 stocks. The scheme is multicap in nature with exposure of around 49% to large cap stocks, 12% to mid cap stocks and 23% to small cap stocks in its portfolio.
The scheme has followed a conservative approach in its asset allocation as it has allocated a substantial 15% of its assets to cash and debt instruments. However, in the sector-wise allocation of its fund it follows an aggressive approach as its cyclical sector investments outweigh defensive sector investments. SBI Focused Equity Fund, which is being managed by the same fund manager Mr. R. Srinivasan since more than 5 years now, is a good pick in the equity segment considering its extraordinary long term performance and unique investment approach.
4: SBI Equity Hybrid Fund
Inception Date: January, 1996
Fund Manager: Mr. Dinesh Ahuja (Since 2013) and Mr. R. Srinivasan (Since 2013)
AUM: Rs. 28,652crore
Fund Category: Hybrid: Aggressive Hybrid
Fund Benchmark: CRISIL Hybrid 35+65 Aggressive Index TRI
Expense Ratio: 1.30% (Direct)
| Returns | 1 Year | 3 Year | 5 Year |
| Trailing Returns | -0.06% | 9.78% | 15.26% |
| Rolling Returns | -1.83% | 11.09% | 15.82% |
| Category Average | -2.77% | 9.02% | 13.10% |
| Benchmark Returns (CRISIL Hybrid 35+65 Aggressive Index TRI) | 2.83% | 11.22% | 12.86% |
(Data as on December 31, 2018; Source: Pulse Labs)
SBI Equity Hybrid Fund is one of the oldest SBI mutual fund schemes which has been in the space since last 23 years. This time-tested fund provided a return of 9.78% in the last 3 year period, more than its category average of 9.02% (as of December 2018). It also outperformed its benchmark in addition to its category average during the last 5 year period, generating a staggering return of 15.26%.
This aggressive hybrid offering of the SBI mutual fund house has an equity holding of around 72%, with maximum exposure to large caps (49%) and a debt holding of around 26% out of which 9% has been invested in AAA rated instruments. Being an aggressive scheme, SBI Equity Hybrid Fund has given a higher weightage to consumption-driven sectors than defensive sectors in its portfolio. The SBI Equity Hybrid Fund is a good pick for investors looking to invest in a hybrid mutual fund scheme which has the potential of giving extraordinary long term performance.
5: SBI Magnum Medium Duration Fund
Inception Date: November, 2003
Fund Manager: Mr. Dinesh Ahuja (Since 2013)
AUM: Rs.1,603crore
Fund Category: Debt – Medium Duration
Fund Benchmark: NIFTY Medium Duration Debt Index TRI
Expense Ratio: 0.62% (Direct)
| Returns | 1 Year | 3 Year | 5 Year |
| Trailing Returns | 6.19% | 9.24% | 10.13% |
| Rolling Returns | 5.98% | 9.06% | 10.10% |
| Category Average | 5.64% | 7.58% | 8.65% |
| Benchmark Returns (NIFTY Medium Duration Debt Index TRI) | 6.65% | 7.43% | N.A. |
(Data as on December 31, 2018; Source: Pulse Labs)
SBI Magnum Medium Duration Fund is an established debt fund which has been present in the debt funds category since the last 15 years.This debt scheme outperformed its category average during all the above mentioned periods by generating a return of 6.19%, 9.24% and 10.13% over the last 1 year, 3 year, and 5 year periods respectively.
The scheme has invested around 26% of its assets in AAA rated instruments, 5% in AA+ rated instruments and another 13% in AA rated securities. Around 40% of its assets are invested in potentially high yield instruments rated lower than AA. The scheme also has potentially low risk sovereign debt holding of around 11%.
The top 3 issuers of its securities are State Bank of India (9%), followed by Muthoot Finance (7%) and Shriram Transport Finance Company (5%). Mr. Dinesh Ahuja has been at the helm of SBI Magnum Medium Duration Fund since last 5 years. It is a good pick in the debt space considering its impressive performance and credible portfolio.
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