SBI Equity Savings Fund
The scheme seeks 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.
Growthvine rating: 4/5 — ranked #3 of 25 in category.
Fund basics
| Category | Hybrid: Equity Savings |
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| NAV | ₹24.82 (as of 2026-08-21) |
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| AUM | ₹5,610 Cr |
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| Expense ratio | 1.26% |
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| Riskometer | Moderately High |
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| Fund manager | Nidhi Chawla |
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| Exit load | 0.1% for redemption within 15 days |
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Performance & risk
| 5-year annualised return | 8.40% |
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| Sharpe ratio | 0.48 |
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| Standard deviation | 5.21% |
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| Max drawdown | -19.52% |
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| Alpha | 0 |
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| Beta | 0 |
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Over 5 years, captured 111.8% of NIFTY 50 Hybrid Short Duration Debt 25:75 Index's upside and 102.6% of its downside.
Market cap allocation
| Large cap | 83.6% |
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| Mid cap | 14.1% |
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| Small cap | 2.3% |
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Concentration
| Top 5 holdings | 27.7% |
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| Top 10 holdings | 37.2% |
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| Total holdings | 185 |
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Top holdings
- Net Receivable / Payable — 48.2%
- HDFC Bank Ltd. — 6.9%
- ICICI Bank Ltd. — 6.2%
- Kotak Mahindra Bank Ltd. — 6.1%
- Reliance Industries Ltd — 5.5%
- Bharti Airtel Ltd. — 3.0%
- SBI Liquid Fund - Direct Plan - Growth Option — 2.8%
- 7.10% CGL 2034 — 2.3%
- Larsen & Toubro Limited — 2.2%
- TREPS — 2.2%
Top sectors
- Banking & Financial — 26.1%
- Petroleum Products — 5.6%
- Construction — 4.9%
Calendar-year track record
| Year | Return | Quartile | Category rank |
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| 2026 (partial) | 1.7% | Q3 | #16 of 25 |
| 2025 | 5.0% | Q4 (Bottom) | #19 of 22 |
| 2024 | 12.0% | Q1 (Top) | #6 of 22 |
| 2023 | 17.5% | Q1 (Top) | #1 of 21 |
| 2022 | 1.9% | Q3 | #15 of 19 |