SBI Focused Equity Fund completes 19 years
economictimes.indiatimes.comSBI Focused Equity Fund, the largest focused fund by assets under management (AUM), has completed 19 years. The scheme manages an AUM of Rs 29,473.64 crore. The scheme was launched on September 17, 2004.
A lump sum investment of Rs 1 lakh at the time of inception, would be worth approximately Rs 26.88 lakh. That means the scheme has generated a CAGR of 18.91%.
In terms of SIP performance, an SIP of Rs 10,000 every month since inception, the investment would have grown to Rs 26.93 lakh now. In the 10-year horizon, the scheme offered a XIRR of 15.66%. The scheme is benchmarked against S&P BSE 500 TRI. The benchmark offered 15.3% in the same time period.
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In the 15-year horizon, the scheme offered 17.42% compared to 14.59% by the benchmark.
The scheme is managed by R. Srinivasan. He is CIO – Equity since May 2009.
The scheme is optimally diversified across only 22 companies (domestic and foreign securities) with the top five sectors (Financial Services, FMCG, Telecommunications, IT and Healthcare) comprising 70.71% of the portfolio.
SBI Focused Equity Fund is an open-ended equity mutual fund scheme that aims to generate long-term capital appreciation by investing in a concentrated portfolio of high-quality stocks allowing for in-depth research and active management to capitalize on growth opportunities.
The scheme is suitable for investors with a long-term investment horizon and higher risk appetite that can potentially benefit from the compounding of returns over time.
