Rating: ★ ★ ★ ★ ☆

SBI Equity Savings Direct Quarterly Dividend Payout

Hybrid

  

Equity Savings

NAV

13.386 + 0.0537

as on (03 Jul, 2020)

RETURNS

4.09 %

Fund Type

Open Ended

Investment Plan

Dividend Payout

Expense Ratio

1.01 %

Benchmark

NIFTY Equity Savings Index PR INR

Asset Size

1323.74 Cr.

(As of 30 Apr, 2019)

Risk

Moderately High

Objective

The scheme 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.

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Fund manager

Ruchit Mehta

(since 27 May, 2015)

Exit load

N / A

(If redeemed within 15 days)

Minimum sip

₹ 500

minimum investment

₹ 1000

Top Holdings

This fund is been allocated in various sectors including some of the prominent ones that are widely accepted and are creating a value of trust.

Company

Assets

HDFC Bank Ltd

5.3 %

Housing Development Finance Corp Ltd

3.98 %

Reliance Industries Ltd

3.54 %

Tata Consultancy Services Ltd

3.13 %

Sector Allocation

About the Scheme Type

Equity Savings

Equity Savings Mutual Funds are an open ended fund scheme which try to balance risk and returns by investing in equities, arbitrage trades and fixed income securities. These are low risk funds given that the use of derivatives reduces the net equity exposure to 35 percent, thereby protecting investors from volatility. These funds are treated at par with equity funds for taxation purposes, because their gross equity exposure is more than 65%. The equity portion of the scheme opens the scheme for higher returns, while its debt component outlays stability to the returns.

Ratings

This fund is rated 4 stars by Morning Star Ratings.

★ ★ ★ ★ ☆

Overview of SBI Funds Management Private Limited

With 30​ years of rich experience in fund management, we at SBI Mutual Fund, bring forward our expertise by consistently delivering value to our investors. SBI Mutual Fund has a strong and proud lineage tailing back to the State Bank of India (SBI) - India's largest bank. SBI Mutual Fund is a Joint Venture between SBI and AMUNDI (France), one of the world's leading fund management companies.

SBI Mutual Fund’s vision -

“To be the most trusted and respected Asset Manager”, and we deliver value and nurture the trust of our vast and varied family of investors, with our network of over 222 acceptance points across India. Investors are our priority. SBI Mutual Fund’s mission is to establish Mutual Funds as a viable investment option to the masses in the country. While on our way towards achieving it, we, at SBI Mutual Fund, have developed innovative, need-specific products and educated the investors about the added benefits of investing in capital markets via Mutual Funds. Today, SBI Mutual Fund has been actively managing investor's assets not only through our investment expertise in domestic mutual funds, but also offshore funds and portfolio management advisory services for institutional investors.