SBI Long Term Equity Fund – Direct Growth

Equity · ELSS
 · ★★★★★
500
Min SIP
500
Min Lumpsum
0.98 %
Expense Ratio
★★★★★
Rating
20,085
Fund Size (in Cr)
11 Years
Fund Age
Mutual Fund SIP Calculator
Monthly Investment
Max: ₹1,00,000
Investment Period
Yrs
Max: 5 yrs
  • Invested Amount
    --
  • Wealth Gained
    --
  • Expected Amount
    --

Scheme Performance

Returns and Ranks ( as on 01 March 2024 )
1Y1Y 3Y3Y 5Y5Y MaxMax
Trailing Returns 59.2% 27.4% 23% 17%
Category Average 39.8% 19.4% 19.1% -

Scheme Allocation

By Holding
By Sector
By Asset
3.8%
Others
82.76%
View all Holdings
Holdings Sector Instrument Asset
ICICI Bank Banks Equity 3.8%
GE T&D India Capital Goods - Electrical Equipment Equity 3.8%
Torrent Power Power Generation & Distribution Equity 3.24%
Bharti Airtel Telecomm-Service Equity 3.24%
Cummins India Capital Goods-Non Electrical Equipment Equity 3.16%
HDFC Bank Banks Equity 3.09%
M & M Automobile Equity 2.81%
St Bk of India Banks Equity 2.79%
GAIL (India) Gas Distribution Equity 2.77%
Reliance Industr Refineries Equity 2.75%
Axis Bank Banks Equity 2.39%
Larsen & Toubro Infrastructure Developers & Operators Equity 2.35%
Cipla Pharmaceuticals Equity 2.29%
Tata Motors-DVR Automobile Equity 2.21%
Sun Pharma.Inds. Pharmaceuticals Equity 2.12%
Tech Mahindra IT - Software Equity 2.11%
Infosys IT - Software Equity 2.09%
Lupin Pharmaceuticals Equity 2.01%
O N G C Crude Oil & Natural Gas Equity 2.01%
ITC Tobacco Products Equity 1.94%
Hindalco Inds. Non Ferrous Metals Equity 1.93%
Petronet LNG Gas Distribution Equity 1.85%
Coforge IT - Software Equity 1.82%
HDFC AMC Finance Equity 1.81%
B P C L Refineries Equity 1.75%
ICICI Pru Life Insurance Equity 1.73%
M & M Fin. Serv. Finance Equity 1.62%
Equitas Sma. Fin Banks Equity 1.57%
Fortis Health. Healthcare Equity 1.52%
TVS Holdings Castings, Forgings & Fastners Equity 1.41%
Wipro IT - Software Equity 1.38%
Delhivery Logistics Equity 1.35%
Punjab Natl.Bank Banks Equity 1.29%
AIA Engineering Castings, Forgings & Fastners Equity 1.23%
Tata Motors Automobile Equity 1.18%
Godrej Consumer FMCG Equity 1.16%
Prism Johnson Cement Equity 1%
Tata Steel Steel Equity 0.95%
Chemplast Sanmar Chemicals Equity 0.91%
Kotak Mah. Bank Banks Equity 0.91%
IRB Infra.Devl. Infrastructure Developers & Operators Equity 0.9%
Rallis India Agro Chemicals Equity 0.88%
Mahindra Life. Construction Equity 0.83%
Jubilant Food. Quick Service Restaurant Equity 0.78%
Hindustan Copper Non Ferrous Metals Equity 0.75%
Shree Cement Cement Equity 0.72%
Container Corpn. Logistics Equity 0.72%
Grindwell Norton Capital Goods-Non Electrical Equipment Equity 0.65%
Sundaram Clayton Auto Ancillaries Equity 0.64%
Sanofi India Pharmaceuticals Equity 0.64%
ACC Cement Equity 0.64%
Multi Comm. Exc. Miscellaneous Equity 0.59%
Sheela Foam Miscellaneous Equity 0.52%
ICICI Lombard Insurance Equity 0.48%
Bharat Forge Castings, Forgings & Fastners Equity 0.35%
Exide Inds. Auto Ancillaries Equity 0.34%
PB Fintech. IT - Software Equity 0.32%
Timken India Bearings Equity 0.27%
Va Tech Wabag Capital Goods-Non Electrical Equipment Equity 0.27%
Jio Financial Finance Equity 0.24%
Cams Services Miscellaneous Equity 0.23%
Crompton Gr. Con Consumer Durables Equity 0.23%
Heidelberg Cem. Cement Equity 0.03%
Tata Technolog. IT - Software Equity 0.03%
Manpasand Bever. FMCG Equity 0%
Banks
15.84%
IT-Software
7.4%
Pharmaceuticals & Biotech
7.06%
Debt
6.81%
Industrial Products
6.3%
Others
56.59%
View all Sectors
Sectors Asset
Banks 15.84%
IT-Software 7.4%
Pharmaceuticals & Biotech 7.06%
Debt 6.81%
Industrial Products 6.3%
Automobiles 6.2%
Gas 4.62%
Petroleum Products 4.5%
Electrical Equipments 3.8%
Construction 3.25%
Power 3.24%
Telecom-Services 3.24%
Non-Ferrous Metals 2.68%
Capital Markets 2.63%
Cement & Cement Products 2.39%
Insurance 2.21%
Transport Services 2.07%
Oil 2.01%
Diversified FMCG 1.94%
Finance 1.86%
Auto Components 1.75%
Healthcare Services 1.52%
Personal Products 1.16%
Ferrous Metals 0.95%
Chemicals & Petrochemical 0.91%
Fertilisers & Agrochemica 0.88%
Realty 0.83%
Leisure Services 0.78%
Consumer Durables 0.75%
Financial Technology (Fin 0.32%
Other Utilities 0.27%
IT-Services 0.03%
Cash & Others -0.2%
Equity
93.39%
Reverse Repos
6.81%
Net Curr Ass/Net Receivables
-0.2%
Others
0%

Advance Ratio

6.1
Alpha
3.89
SD
0.93
Beta
1.42
Sharpe

Exit Load

Exit Load Nil

Fund Objective

The SBI Long Term Equity Fund is a diversified Equity Linked Saving Scheme (ELSS), a type of mutual fund that offers tax benefits to investors. Formerly known as the SBI Magnum Taxgain Scheme, it was launched by SBI Mutual Fund on 31st March 1993.

The SBI Long Term Equity Fund distributes the majority of its investments across the financial services, IT, automobile and auto components, capital goods, healthcare, and oil, gas & consumable fuels sectors. It is managed by Dinesh Balachandran.

The scheme’s objective is to provide investment benefits by investing in a diverse portfolio of equity shares while offering tax deductions under section 80C of the Income Tax Act, 1961. The scheme also intends to distribute income periodically based on the available surplus.

The SBI Long Term Equity Fund invests at least 80% of its assets in equities, cumulative convertible preference shares, fully convertible debentures, and bonds. It has the flexibility to invest up to 20% of its assets in money market instruments. The scheme requires a 3-year statutory lock-in to avail of section 80C tax benefits.

Pros & Cons

Pros

Cons

1-year and 3-year annualised returns for the SBI Long Term Equity Fund are above the category average and its benchmark, the S&P BSE 500 TRI Index. The SBI Long Term Equity Fund has a lock-in period of 3 years, making it less liquid.
The scheme has a lower 3-year standard deviation than its category average, resulting in less volatile returns. 5-year annualised returns for the SBI Long Term Equity Fund are lower than the category average and its benchmark, the S&P BSE 500 TRI Index.

 

The scheme has had a higher Sharpe ratio in the past 3 years compared to its category average, indicating that it has provided increased returns for each unit of additional risk. The scheme has an information ratio of 0.35, which suggests it hasn’t consistently outperformed the benchmark index considering the risk taken.

Who should invest in SBI Long Term Equity Fund?

The SBI Long Term Equity Fund is suitable for investors having a long-term investment horizon and seeking capital appreciation through exposure to equities. The scheme’s portfolio consists predominantly of equity shares that provide an opportunity for the investor to participate in the stock market.

Furthermore, investments made in the scheme qualify for a tax deduction under section 80C of the Income Tax Act, 1961, making it a tax-efficient investment option.

The scheme is a respected investment option in the Equity-Linked Saving Scheme (ELSS) category, recognised for its consistent performance and cost-effectiveness. The scheme has outperformed the S&P BSE 500 TRI Index and its category average over the past three years. In addition, it has a notable track record with a 13.7% Compound Annual Growth Rate (CAGR) since inception, representing its annualised growth rate over time.

The SBI Long Term Equity Fund is appropriate for investors with a long-term investment horizon of at least 3 years and a very high tolerance for risk. However, if your investment goals do not align with these characteristics, it may be more suitable to consider alternative investment options.

What are the benefits of investing in the SBI Long Term Equity Fund?

● Investing in the SBI Long Term Equity Fund offers tax deductions of up to 1.5 lakhs yearly under section 80C, making it a compelling investment option for those seeking both capital appreciation and tax benefits.
● The scheme has a mandatory lock-in period of 3 years, promoting long-term investing and discouraging short-term speculative behaviour.
● The SBI Long Term Equity Fund has outperformed its benchmark and category average for the last 3 years.
● The scheme invests in a diversified portfolio of stocks, reducing the risk associated with investing in individual stocks.
● Its large Assets Under Management (AUM) represent a significant level of investment interest, contributing to the scheme’s stability, lower operational costs, and a positive perception among investors.
● The absence of an exit load in the SBI Long Term Equity Fund allows investors to redeem their units without incurring additional charges.

Fund Managers

Dinesh Balachandran

Mr Dinesh Balachandran joined SBI MF as a Senior Credit Analyst in 2012 and currently holds the position of Head of Research. He currently manages an AUM of INR 38,525 crores. At SBI MF, Mr Balachandran manages SBI Balanced Advantage Fund, SBI Contra Fund, SBI Long Term Equity Fund, and SBI Multi-Asset Allocation Fund. Before joining SBI MF, he worked with Fidelity in the US.

Risk-O-Meter

Peer Comparison

Fund Name

AMC Contact Details

SBI Mutual Fund
AUM:
8,28,312 Cr
Address:
9th Floor,Crescenzo, C-39&39, G Block, Bandra kurla complex, Bandra (east), Mumbai-400 051.
Contact:
022-61793000
Email ID:
partnerforlife@sbimf.com

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Frequently Asked Questions

How to invest in SBI Long Term Equity Fund – Direct Growth ?

You can invest in SBI Long Term Equity Fund – Direct Growth in a quick and simple process. Follow the below steps;
  • Login to your 5paisa account, Go to the Mutual Funds section.
  • Search for SBI Long Term Equity Fund – Direct Growth in the search box.
  • Click on "Start SIP" if you wish to do a SIP or click on “One-time” if you wish to invest a lumpsum amount then click on "Invest Now"

What is the NAV of SBI Long Term Equity Fund – Direct Growth ?

The NAV of SBI Long Term Equity Fund – Direct Growth is ₹398.7 as of 01 March 2024.

How to redeem SBI Long Term Equity Fund – Direct Growth holding ?

You can go to your holding on the app and click on the fund name you will get two options Invest More and Redeem; click on redeem and enter the amount or units you desire to redeem or you can tick on “Redeem all units”.

What is the minimum sip amount of SBI Long Term Equity Fund – Direct Growth?

The minimum SIP amount of SBI Long Term Equity Fund – Direct Growth is ₹500

What are the top sectors SBI Long Term Equity Fund – Direct Growth has invested in?

The top sectors SBI Long Term Equity Fund – Direct Growth has invested in are
  1. Banks - 15.84%
  2. IT-Software - 7.4%
  3. Pharmaceuticals & Biotech - 7.06%
  4. Debt - 6.81%
  5. Industrial Products - 6.3%

Can I make investments in both the SIP and Lump Sum schemes of SBI Long Term Equity Fund – Direct Growth?

Yes, You can select both SIP or Lumpsum investment of SBI Long Term Equity Fund – Direct Growth based on your investment objective and risk tolerance.

How much returns have SBI Long Term Equity Fund – Direct Growth generated ?

The SBI Long Term Equity Fund – Direct Growth has delivered 17% since inception

What is the expense ratio of SBI Long Term Equity Fund – Direct Growth ?

The expense ratio of SBI Long Term Equity Fund – Direct Growth is 0.98 % as of 01 March 2024.

What is the AUM of SBI Long Term Equity Fund – Direct Growth?

The AUM of SBI Long Term Equity Fund – Direct Growth is ₹8,28,312 Cr as of 01 March 2024

What are the top stock holdings of SBI Long Term Equity Fund – Direct Growth?

The top stock holdings of SBI Long Term Equity Fund – Direct Growth are
  1. ICICI Bank - 3.8%
  2. GE T&D India - 3.8%
  3. Torrent Power - 3.24%
  4. Bharti Airtel - 3.24%
  5. Cummins India - 3.16%

How can I redeem my investments in SBI Long Term Equity Fund – Direct Growth?

Step 1: Visit the fund house's website
Step 2: Log in to your account by adding Folio No. and M-Pin
Step 3: Click on Widhrawal > Redemption
Step 4: Select SBI Long Term Equity Fund – Direct Growth in Scheme, enter the redemption amount, and click on submit button.

Is there any lock-in period for SBI Long Term Equity Fund - Direct Growth?

Yes, there is lock-in period for SBI Long Term Equity Fund – Direct Growth.

Invest Now