SBI Long Term Equity mutual fund review: Needs value theme to sustain

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.10,867 crore
BENCHMARK
S&P BSE 500 TOTAL
RETURN INDEX




WHAT IT COSTS
NAV**
GROWTH OPTION
Rs.228.46
IDCW
Rs.51.54
MINIMUM INVESTMENT
Rs.500
MINIMUM SIP AMOUNT
Rs.500
EXPENSE RATIO*** (%)
1.80
EXIT LOAD
0%

*AS ON 30 SEPTEMBER 2022
**AS ON 18 OCTOBER 2022
***AS ON 30 SEPTEMBER 2022




FUND MANAGER
DINESH BALACHANDRAN
TENURE: 6 YEARS

Recent portfolio changes
New Entrants: Grindwell Norton, NTPC
Complete Exits: LIC Housing Finance
Increasing allocation: Indian Bank, Mahindra & Mahindra Financial Services, Axis Bank, Equitas Small Finance Bank, GAIL (India), Sanofi India


Should you buy?
Plying a value conscious investing approach, this fund stands apart from many of its peers. The fund manager avoids the high growth space if valuations are exhorbitant. While the fund retains a large cap tilt, it has hiked presence in mid and small cap segments in recent years. While its value bias has suppressed its return profile for years, the fund has picked up smartly since 2020 after the value theme came back to fore. The trend needs to sustain longer for the fund to improve its longer term return metrics.

(Source: Value Research)