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This Focused Mutual Fund Invests In Foreign Stock Of Google, Given Upto 85% Returns: Should You Invest?
The Indian equity market is marginally bearish now; so it will be a good step for investors to select the mutual funds, that are investing in the foreign equities, along with Indian companies. Investors should also remember that the rupee is falling consistently compared to the US Dollar index. So, US companies can be a good pick. Here, a focused equity mutual fund has been discussed, that invests in foreign equity.
SBI Focused Equity Fund - Regular Plan - Growth
This focused equity fund has performed better in the long term for SIPs. In the last 1 year SIP return (absolute return) stood at -9.02%, in the last 2 years it has fetched 9.17% returns, in the last 3 years it has given 22.20% returns, and in the last 5 years, it has fetched 37.82% returns. Annualized returns from SBI Focused Equity Fund's SIP were 8.68% in the past 2 years, and 13.46% in the past 3 years. However, the Indian equity market has been bearish in the last year, so, this fund's annualized return has fallen by 16.25% in the past 1 year.
SBI Focused Equity Fund's absolute mutual fund returns have been best in the long term. In the last 1 year return stood at -0.18%, in the last 2 years it has fetched 51.26% returns, in the last 3 years it has given 44.15% returns, and in the last 5 years, it has given 85.62% returns. In the past 2 years, the SBI Focused Equity Fund's annualized returns stood at 22.95%, marginally higher than the category average of 23.62%. Additionally, in the past 3 years, its annualized return has been quoted at 12.95%, marginally higher than the category average of 11.60%.
(Data till June 27, 2022)
NAV and AUM
It is a focused cap mutual fund SIP investment option that has a NAV of Rs. 209.28. A lower NAV allows investors to invest in more units of a particular fund. The Assets Under Management (AUM) of this fund are Rs. 24273.79 crore. However, the Expense Ratio (ER) of the SBI Focused Equity Fund is 1.63%, while the category average is 2.20%. The Expense Ratio (ER) is the cost of owning a mutual fund or SIP. It is charged by the mutual fund house from the retail investors for managing the fund. So, a lower than the category average ER will be profitable for the investors.
This above-mentioned mutual fund SIP has been best rated with 4 Star by rating agency Crisil.
Portfolio
SBI Focused Equity Fund's total equity holding is 90.19%, and the rest of the 9.81% is invested in other sectors. Its Indian equity holding is 82.10%, and its foreign equity holding is 8.09%. Among a total of 26 stocks, the fund's Large Cap Investments are 39.55%, Mid Cap Investments are 21.8%; Small-Cap Investments are 4.17%, and 24.67% investments are allocated to other funds.
The top 10 equity holdings of the fund are Muthoot Finance Pvt. Ltd. - Nbfc, ICICI Bank, Kotak Mahindra Bank, State Bank Of India, HDFC Bank, Procter & Gamble Hygiene & Health Care Ltd. - Personal care, Divis Laboratories, Alphabet Inc (foreign equity, parent company of Google), Bharti Airtel, Max Healthcare Institute Ltd.
Other funds under this category are, ICICI Prudential Focused Equity Fund - Regular Plan - Growth, Nippon India Focused Equity Fund - Growth, IDBI Focused 30 Equity Fund - Growth, etc.
Disclaimer
Investing in equities/mutual funds/SIPs/debts poses a risk of financial losses. Investors must therefore exercise due caution. Greynium Information Technologies, and the author are not liable for any losses caused as a result of decisions based on the article.
