SBI Focused Equity Fund has completed 19 years. Launched on Sep 17, 2004, the scheme has delivered a compounded annual growth rate (CAGR) of 18.91% since its inception i.e., Rs 1 lakh invested during the NFO of the scheme would have grown to around Rs. 26.88 lakh.
A SIP in the scheme over 10 years would have delivered a CAGR of 15.66 % to investors vis-à-vis 15.3 % of its benchmark (S&P BSE 500 TRI). If an investor had invested Rs. 10,000 every month since inception, the investment of Rs. 12 lakh would have grown to Rs. 26.93 lakh.
A SIP in the scheme over 15 years would have delivered a CAGR of 17.42 % to investors vis-à-vis 14.59 % of its benchmark (S&P BSE 500 TRI). If an investor had invested Rs. 10,000 every month since inception, the investment of Rs. 18 lakh would have grown to Rs. 75.18 lakh.
S&P BSE Sensex has delivered 14.57% and 13.91% over a 10-year and 15-year period respectively.
The Fund has been managed by R. Srinivasan, CIO – Equity since May 2009. The AUM of the Fund as of August 31, 2023, is Rs. 29,430.33 crores which is optimally diversified across only 22 companies (domestic and foreign securities) with the top 5 sectors (Financial Services, FMCG, Telecommunications, IT and Healthcare) comprising of 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.
Investors with a long-term investment horizon and higher risk appetite can potentially benefit from the compounding of returns over time.