2 SBI Mutual Funds Delivered Robust Absolute Returns Up To 198% In 3 Years

For actively managed equities mutual fund schemes, the financial year 2023 was extremely volatile. However, India's biggest Mutual fund house SBI Mutual Funds has witnessed a growth in SIP registration. Being India's one of biggest Assets Management Companies, SBI mutual fund has a number of mutual funds in the house for every kind of investor.

Here we have picked two SBI Mutual funds that have delivered high absolute and highest annualised returns in the past 3 years under the Direct Plan growth option. These two SBI Mutual Funds are SBI Contra Fund and SBI Magnum Midcap Fund.

SBI Contra Fund

SBI Contra Fund is a value Oriented Mutual Fund that has been given a 5-star rating by Value Research. The fund has 83.71% exposure to equity followed by 9.1% in debt and 7.17% in cash and equivalent.

It is an open-ended high-risk fund with major exposure to equities. As on 31st March 2023, its asset under management (AMU) is Rs 8,979 crore and its expense ratio is Rs 0.90%. Its benchmark is S&P BSE TRI.

The fund has delivered a 43.87% absolute return in 3 years on lump sum investment and a 197.81% absolute return in 3 years. In 3 years SIP, the fund has delivered 51.58% absolute return and 28.99% annualised return.

The top 5 sectors in which it has major exposure are Financial (22.15%), Energy (16.03%), Technology (7.42%), Automobiles (5.77%), and consumer staples (5.68%). The top 5 holding stocks hold 14.26% which includes GAIL (India) (3.77%), ICICI Bank (3.07%), HDFC Bank (2.59%), Tech Mahindra (2.44%), and Axis Bank (2.39%).

SBI Magnum Midcap Fund

SBI Magnum Midcap Fund is another fund on the list that has delivered high absolute returns. The fund has also been rated 5-star by Value Research. It is a highly risky fund to invest in as it has 96.38% exposure to equities followed by 0.11% in debt and 3.51% in cash and cash equivalent.

It is an open-ended equity mid-cap fund having NIFTY Midcap 150 TRI benchmark. Its asset under management as on 31st March 2023 is Rs 8,734 crore, while its expense the ratio is Rs 0.95%.
The fund has delivered a robust 170.72% absolute return in 3 years of lump sum investments and a 39.37% annualised return in 3 years. While on 3 years SIP, the fund has delivered 40.03% absolute return and 23.15% annualised return.

The fund has the majority of exposure in automobiles (15.77%), Capital goods (13.67%), Financial (17.72%), Services (8.66%), and Textiles (7.38%). The top 5 stocks hold 21.33% of the fund, which includes CRISIL (5.16%), Page (4.17%), Tube Investments of India (4.08%), Thermax (3.97%), and Schaeffer India (3.95%).

Disclaimer - Mutual fund investments are subject to market risk. Read all scheme-related Terms and Conditions carefully before investing. The above-mentioned information is purely informational and doesn't guarantee any return. The Greynium Information Technologies and the Author are not liable for any losses caused as a result of a decision based on the article.