SBI Long Term Equity mutual fund has earned almost 58% return in one year; should you invest?
We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
By ET Bureau |
ET Online
ET Wealth collaborates with Value Research to analyse top mutual funds. We examine the key fundamentals of the fund, its portfolio and performance to help you make an informed investment decision.
BASIC FACTS DATE OF LAUNCH 31 MARCH 1993 CATEGORY
EQUITY TYPE ELSS AUM* Rs.23,888 crore BENCHMARK BSE 500 TOTAL RETURN INDEX
WHAT IT COSTS NAV** GROWTH OPTION Rs.409.59 IDCW Rs.83.04 MINIMUM INVESTMENT
Should You Buy This fund stands apart from many of its peers with its distinct valueconscious stance. The fund manager avoids overpaying for the highgrowth segment when valuations are rich. It retains a large-cap tilt, but runs a bigger presence in mid caps and small caps compared to many of its peers. The fund has made the most of the turnaround in value segment in the past few years, leaving the index and peers trailing in its wake. The higher allocation to mid caps and small caps has worked in its favour as well. It must sustain this performance in order to improve its track record over the longer term.
SBI Long Term Equity Fund turns Rs 10,000 SIP to nearly Rs 15 crore in 32 years
