2 SBI Mutual Funds Ranked 1 By CRISIL With 1 Year Returns Around 87%

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oi-Vipul Das

| Updated: Thursday, September 23, 2021, 17:10 [IST]

SBI Funds Management Private Limited (SBIFMPL) is one of the largest fund houses of India having a joint venture with State Bank of India and AMUNDI. Investors can choose from around 147 plans offered by SBI Mutual Fund. SBI Mutual Funds’ retail category has seen a 41 percent CAGR over the previous five years, from FY 2016 to FY 2021. Profitability at SBIMF has increased at a higher pace in comparison to the overall profit of the company the five-year CAGR is 39 percent.

Currently, SBIFMPL has 9 Market Cap Oriented schemes, 9 Thematic/Sector funds, 8 Duration Bases funds, 6 hybrid schemes, 12 Passive Strategies funds, 6 solution-oriented funds, 5 money market funds, 2 credit oriented funds, 1 FoF Domestic Fund, 1 FoF Overseas Fund, 87 Closed Ended Funds, including SBI Resurgent India Opportunities Scheme, 9 Equity Closed Ended Schemes and 78 Debt Closed Ended Schemes. The company also announced a dividend payment of Rs 3 per equity share of Rs 1 each for FY 2021 on March 23, 2021, and its net worth climbed to Rs 2,57,460 lakh as of March 31, 2021 from Rs 1,98,518 lakh at the end of the previous year.

As of March 31, 2021, the firm was holding total assets of around Rs 12,72,284 Crores, up from Rs 12,72,284 Crores in the previous year. Although SBIFMPL provides investors with a broad selection of alternatives according to their risk appetite and investment goals, we have selected two SBI Mutual funds based on CRISIL’s ranking of 1 or 5 as of 30th June 2021.

SBI Contra Direct Plan Growth

This fund is a Value-Oriented mutual fund scheme launched by the fund house SBI Mutual Fund in the year 2013. CRISIL has given the SBI Contra Direct Plan-Growth scheme a one-star rating and Value Research has given it a four-star rating, indicating that the fund’s potential to produce good returns in the same category. According to Value Research, SBI Contra Direct Plan-Growth returns over the last year have been 88.62 percent, with an average annual return of 15.17 percent since commencement. The Financial, Construction, Services, Energy, and Automobile sectors account for the majority of the fund’s equity sector allocation.

ICICI Bank Ltd., TI Financial Holdings Ltd., HCL Technologies Ltd., Carborundum Universal Ltd., and Sun Pharmaceutical Inds. are the fund’s top five holdings. Ltd.. The fund’s expense ratio is 2.21 percent, which is much higher than the expense ratio charged by most other funds in the same category. The fund’s Net Asset Value (NAV) is Rs 193.40, and its Asset Under Management (AUM) is Rs 2,823.38 Cr as of September 22, 2021. The fund charges an exit load of 1% if units purchased are redeemed within 1 year of investment. SIP in this fund can be started in this fund with a minimum monthly contribution of Rs 500.

SBI Exchange Traded Fund Sensex

The fund’s Net Asset Value (NAV) is Rs 620.85, and its Asset Under Management (AUM) is Rs 56,617.60 Cr as of September 22, 2021. The fund has been rated 1 or 5 star by CRISIL and 4 star by Morningstar. The fund has its equity sector allocation across Financial, Technology, Energy, FMCG and others.

The fund’s top 5 holdings are Reliance Industries Ltd., HDFC Bank Ltd., Infosys Ltd., Housing Development Finance Corporation Ltd., and ICICI Bank Ltd.. The fund has a lower expense ratio of 0.07% and 1 to 5-year returns of the fund are pretty good if compared to the category average returns. The fund has no exit load and a Long-term capital gain (LTCG) tax of 10% would be levied to returns of more than Rs 1 lakh if units are sold after one year of the investment. Short-term capital gain tax will apply if units are sold within one year of the purchase date.

2 SBI Mutual Funds Ranked 1 By CRISIL In 2021

These two SBI Mutual Funds can be a part of your portfolio based on ratings provided by reputable organisations and historical performance.

Funds 1-month returns 6-month returns 1-year returns 3-year returns 5-year returns Rating by CRISIL Rating by Value Research Rating by Morningstar
SBI Contra Direct Plan Growth 9.79% 26.36% 87.36% 21.43% 14.57% 1 4 star NA
SBI Exchange Traded Fund Sensex 6.54% 19.13% 57.63% 18.15% 16.67% 1 NA 4 star


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