SBI Equity Savings
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Min amount: 500
- Fund Summary
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|Risk||Moderately High risk|
|Fund Type||Equity Savings|
|Exit Load||0.1% for 15 Days|
More about this fund
|Reliance Industries Ltd||6.68%|
|Housing Development Finance Corp Ltd||6.27%|
|Axis Bank Ltd||4.81%|
|HDFC Bank Ltd||4.27%|
|Reliance Industries Ltd. 29-Aug-19||4%|
|Housing Development Finance Corporation Ltd. 29-Aug-19||3.94%|
|Muthoot Finance Limited||3.88%|
|7.26% Govt Stock 2029||3.71%|
|Bharti Telecom Limited||3.01%|
|Axis Bank Ltd. 29-Aug-19||3.01%|
About SBI Equity Savings Fund
The SBI Equity Savings Fund is an open-ended equity savings scheme. It seeks to generate regular income by investing in arbitrage opportunities in the cash and derivatives segment of the equity market as well as capital appreciation through a moderate exposure in equity.
Pros & Cons of SBI Equity Savings Fund
This scheme is suitable for the investors seeking:
- Under normal circumstances, the scheme invests around 65-90% of its assets in equity and equity-related instruments (including derivatives) of which around 15-70% is in cash-future arbitrage and 20-50% is in long equity exposure.
- Further, it invests around 10-35% of its assets in debt and money market instruments and up to 10% in REITs and InvITs.
- As on September 30, 2018, the scheme is not ranked under CRISIL’s Equity Savings Fund category. Further, it has generated returns of 6.52% per year over the last 3 years (as on January 04, 2019).
Fund Information and Statistics of SBI Equity Savings Fund
i) Inception / Launch date
The scheme was launched on 11 May 2015 by SBI Mutual Fund.
ii) Risk level
According to the asset allocation and investment objective of the scheme, it carries a moderately-high risk of investment.
The minimum redemption amount is the lower of Rs. 1,000 or 100 units or the account balance. Further, the redemption proceeds are dispatched within 10 business days of the receipt of a valid redemption request.
iv) Fund Manager
Mr. Neeraj Kumar (since May 2015), and Mr. Ruchit Mehta (since May 2015) are the Fund Managers of the SBI Equity Savings Fund.
v) Entry / Exit load
There is no entry load in this scheme. The exit load structure is as follows: 1. If the units are redeemed after one year from the date of allotment of the said units, then the exit load = Nil 2. If the units are redeemed within one year from the date of allotment of the said units and: a. The number of units redeemed is up to 9% of the allotted units, then the exit load = Nil b. The number of units is more than 9% of the allotted units, then the exit load for the remaining units = 1% of the applicable NAV
Tax benefits of investing in SBI Equity Savings Fund
The following taxes are applicable to income arising from investing in this scheme: 1. STCG tax (units are held for a period of less than 12 months) of 15 percent on redemption of units. 2. LTCG (units are held for a period of more than 12 months), in excess of Rs 1 lakh, is taxed at 10 percent without indexation benefits on the redemption of units.
About SBI Mutual Fund
SBI Mutual fund is formed by multiple investors who seek to invest on bonds, stock etc.The capital gains are registered with the Securities and Exchange Board of India (SEBI), and professional fund managers operate the funds and invest the fund capitals and attempts to produce capital gains.
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Min amount: 500
All investments come with risk. Risk is the volatility or fluctuation in the price (and returns) of the investment. Usually,
- High Risk = High possible returns
- Low Risk = Stable, relatively lower returns