SBI EQUITY SAVINGS FUND

 

KNOW YOUR FUND

SBI Equity Savings Fund, is an open-ended Scheme investing in equity, arbitrage and debt, which aims to generate income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and capital appreciation through a moderate exposure in equity. So your investment enjoys 3 benefits in one fund: income opportunity, the growth potential of equity and tax efficiency, as it is classified as an equity fund.

FUND DETAILS:

Fund Manager: Mr. Neeraj Kumar - Arbitrage portion Mr. Ruchit Mehta - Equity, Debt Managing Since: May 2015 Total Experience: Mr. Neeraj Kumar - Over 22 years Mr. Ruchit Mehta - Over 14 years Benchmark: Nifty Equity Savings Index

Exit Load: For exit on or before 15 days from the date of allotment - 0.10% For exit after 15 days from the date of allotment - Nil Entry Load: N.A. SIP: Any Day SIP’ Facility is available for Monthly, Quarterly, Semi-Annual and Annual frequencies through electronic mode like OTM / Debit Mandate. Default SIP date will be 10th. In case the SIP due date is a Non Business Day, then the immediate following Business Day will be considered for SIP processing. Daily - Minimum 500 & in multiples of 1 thereafter for a aminimum of 12 installments. (Kindly refer notice cum addendum dated June 02, 2020 for further details) Weekly - Minimum Rs1000 & in multiples of Rs1 thereafter for a minimum of 6 installments (or) minimum Rs500 and in multiples of Rs1 thereafter for a minimum of 12 installments Monthly - Minimum Rs.1000 & in multiples of Rs.1 thereafter for minimum 6 months (or) minimum Rs.500 & in multiples of Rs.1 thereafter for minimum one year Quarterly - Minimum Rs.1500 & in multiples of Rs.1 thereafter for minimum one year Semi Annual - Minimum Rs.3000 & in multiples of Rs.1 thereafter for a minimum of 4 installments Annual - Minimum Rs.5000 & in multiples of Rs.1 thereafter for a minimum of 4 installments Minimum Investment Amount: Rs.1,000 & in multiples of Rs.1 Additional Investment: Rs.1,000 & in multiples of Rs.1 Plans Available: Regular, Direct Options: Growth, IDCW

Quantitative Data: Modified Duration: 1.69 years Average Maturity: 2.29 years Macaulay Duration: 1.80 years Yield to Maturity: 5.06% IDCW: IDCW stands for 'Income Distribution cum Capital Withdrawal'. Data as on: 30th April, 2021.

*Assuming highest tax bracket and including surcharge and cess. In case of equity, long term capital gains at 10% are applicable for incremental gains above Rs.1 lakh in the financial year. It has been assumed that the entire gains in equity are taxable in the above calculation. The above table is only to illustrate the tax-efficiency in case of equity and non-equity schemes and should not be considered indicative of any returns. Investments in equity carry high risk and there is no assurance or guarantee that the objective of the schemes will be achieved. Past performance may or may not be sustained in future. This calculation is based on prevailing tax laws and is applicable only in case of resident investors. In view of the individual circumstances and risk profile, each investor is advised to consult their investment/tax advisor(s) before taking any investment decision.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

PORTFOLIO SUMMARY (as on 31st May,2021)

Particulars	This Scheme	Category
No. of Stocks	67	50.17
Top 5 Stock Weight	25.75%	27.64%
Top 10 Stock Weight	36.95%	41.7%
Top 3 Sector Weight	27.97%	31.7%

Category - Equity Savings

Particulars	This Scheme	Category
Average mcap (Cr)	174963.87	134590.29
Holdings in large cap stocks	60.92% (53)	53.59%
Holdings in mid cap stocks	4.69% (7)	10.03%
Holdings in small cap stocks	3.07% (4)

 

Equity Holding : 73.09% | F&O Holdings : 0.00%| Foreign Equity Holdings : 0.00%| Total : 73.09%

No of Stocks : 67 (Category Avg - 55.42) | Large Cap Investments : 60.92%| Mid Cap Investments : 4.69% | Small Cap Investments : 3.07% | Other : 4.41%

 

 

RETURNS (NAV as on 17th June, 2021)

Period Invested for	₹10000 Invested on	Latest Value	Absolute Returns	Annualised Returns	Category Avg	Rank within Category
1 Week	10-Jun-21	9990.10	-0.10%	-	-0.03%	18/24
1 Month	17-May-21	10281.50	2.81%	-	2.56%	10/24
3 Month	17-Mar-21	10453.40	4.53%	-	3.73%	8/24
6 Month	17-Dec-20	10850.70	8.51%	-	7.49%	8/24
YTD	01-Jan-21	10678.60	6.79%	-	6.58%	11/24
1 Year	17-Jun-20	12921.20	29.21%	29.21%	23.75%	5/24
2 Year	17-Jun-19	12590.40	25.90%	12.19%	9.85%	5/23
3 Year	15-Jun-18	13071.50	30.71%	9.31%	7.96%	4/17
5 Year	17-Jun-16	15245.60	52.46%	8.80%	8.20%	8/16
Since Inception	27-May-15	16426.40	64.26%	8.53%	8.17%	11/31

 

RISK RATIOS

Ratios calculated on daily returns for last 3 years (Updated as on 31st May, 2021)

·         Standard Deviation

High volatility

9.64vs7.35

Category Avg

·         Beta

High volatility

0.44vs0.28

Category Avg

·         Sharpe Ratio

Better risk adjusted returns

0.6vs0.48

Category Avg

·         Treynor's Ratio

Better risk adjusted returns

0.13vs0.08

Category Avg

·         Jension's Alpha

Better risk adjusted returns

1vs-0.6

Category Avg

Standard Deviation value gives an idea about how volatile fund returns has been in the past 3 years. Lower value indicates more predictable performance. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A standard deviation value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Beta value gives idea about how volatile fund performance has been compared to similar funds in the market. Lower beta implies the fund gives more predictable performance compared to similar funds in the market. So if you are comparing 2 funds (lets say Fund A and Fund B) in the same category. If Fund A and Fund B has given 9% returns in last 3 years, but Fund A beta value is lower than Fund B. So you can say that there is a higher chance that Fund A will continue giving similar returns in future also whereas Fund B returns may vary.

Sharpe ratio indicates how much risk was taken to generate the returns. Higher the value means, fund has been able to give better returns for the amount of risk taken. . It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund’s returns, and then dividing by the standard deviation of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Sharpe ratio of 1.40 and fund B has a Sharpe ratio of 1.25, you can chooses fund A, as it has given higher risk-adjusted return.

Treynor’s ratio indicates how much excess return was generated for each unit of risk taken. Higher the value means, fund has been able to give better returns for the amount of risk taken. It is calculated by subtracting the risk-free return, defined as an Indian Government Bond, from the fund’s returns, and then dividing by the beta of returns. For example, if fund A and fund B both have 3-year returns of 15%, and fund A has a Treynor’s ratio of 1.40 and fund B has a Treynor’s ratio of 1.25, then you can chooses fund A, as it has given higher risk-adjusted return.

Alpha indicates how fund generated additional returns compared to a benchmark. . Let’s say if a fund A benchmarks its returns with Nifty50 returns then alpha equal to 1.0 indicates the fund has beaten the nifty returns by 1%, so the higher the alpha, the better.