SBI Focused Fund
Direct · GrowthAI Summary
SBI Focused Fund has delivered consistent SIP XIRR of 16.28% to 16.83% across 1Y to 12Y horizons, outperforming the category average at every tenor — for example 16.65% vs 15.8% over 3Y and 16.32% vs 15.7% over 10Y. Against the NIFTY 50, the fund shows strong alpha of 4.83% to 12.04% across periods, with 3Y fund CAGR of 13.57% versus the benchmark's 5.44%. This long, stable return record across multiple market cycles is a hallmark of the fund.
The fund exhibits defensive characteristics with beta of 0.73-0.84 versus NIFTY 50 and downside capture consistently below 70% (65.96% to 70.79%), meaning it falls less than the index in corrections. Upside capture of 74.29% to 87.4% shows it also gives up some rally participation, but the resulting alpha indicates the trade-off has favored investors. Calmar ratios of roughly 0.50-0.58 across horizons reflect reasonable risk-adjusted returns, though 9 drawdown events exceeding 10% confirm meaningful interim volatility.
The 24-stock focused portfolio is heavily weighted toward financials, with Banks (18.1%) and Finance (14.2%) together forming over 32% of NAV, led by Bajaj Finance (8.99%), ICICI Bank (7.11%) and Kotak Mahindra Bank (5.82%). Power (10.1%) via Adani Power and Adani Energy Solutions is a notable cyclical exposure, and the top 10 holdings account for roughly 53% of NAV. Concentration is moderate for a focused fund, but sector and single-name skews warrant monitoring.
The fund beats the focused category average SIP XIRR across all periods from 1Y (16.28% vs 11.15%) to 12Y (16.30% vs 15.12%), with the widest margin in the 1Y window. Calendar year returns show strong consistency, with positive years in 10 of the last 13 and only three negative years (-8.19% in 2013, -8.18% in 2022, -1.28% in 2026 YTD). This combination of above-average returns and low drawdown frequency positions it in the upper tier of its category.
This fund suits investors seeking a concentrated, actively managed core equity holding with below-benchmark volatility and a proven long-term track record. A horizon of at least 5-7 years is appropriate, as the fund's alpha and consistency have compounded meaningfully over longer windows. Investors should tolerate interim drawdowns of 10% or more and be comfortable with financial-sector concentration and Adani group exposure.
- SIP XIRR beats the category average across every horizon from 1Y to 12Y, with 16.28% vs 11.15% over 1Y and 16.32% vs 15.7% over 10Y
- Consistently strong alpha versus NIFTY 50, ranging from 4.83% (5Y) to 12.04% (1Y), driven by low downside capture of 65.96% to 70.79%
- Remarkably stable long-term returns, with SIP XIRR held between 16.28% and 16.83% across all horizons from 1Y to 12Y
- Heavy financial-sector concentration, with Banks and Finance together comprising 32.3% of NAV, exposing the portfolio to sector-specific shocks
- Combined 8.4% exposure to Adani Power and Adani Energy Solutions adds single-group concentration risk
- Lower upside capture (74.29% to 87.4%) means the fund may lag the index in strong rallies, and 2026 YTD is negative at -1.28%
Generated on 26-10-2026, 2:14 AM. Verify before investing.
Gives more importance to longer time periods (10Y, 20Y) than shorter ones (1Y, 3Y). This balances out recent outperformance and gives a more realistic picture of what long-term returns might look like.
The largest peak-to-trough decline in the fund's NAV. Shows the worst-case loss an investor would have experienced at any point in the fund's history.
If you invested ₹1,00,000 every month via SIP, here's how this fund has historically performed across different time horizons.
| Duration | Invested | Median Value | XIRR | Min XIRR | Max XIRR |
|---|---|---|---|---|---|
| 1 Year | ₹12.00 L | ₹12.85 L | 19.9% | -45.2% | 96.4% |
| 3 Years | ₹36.00 L | ₹45.30 L | 16.6% | -11.3% | 39.6% |
| 5 Years | ₹60.00 L | ₹89.41 L | 16.4% | -0.5% | 27.2% |
| 7 Years | ₹84.00 L | ₹1.50 Cr | 16.4% | 5.8% | 22.9% |
| 10 Years | ₹1.20 Cr | ₹2.79 Cr | 16.3% | 14.0% | 18.5% |
| 12 Years | ₹1.44 Cr | ₹4.09 Cr | 16.3% | 14.2% | 17.8% |
SIP returns vs benchmark & category
Annualised SIP return (XIRR) over each rolling horizon — like-for-like, not lump-sum.
| Duration | Fund SIP XIRR | NIFTY 50 | Category avg | Fund edge |
|---|---|---|---|---|
| 1 Year | 19.9% | 14.3% | 11.1% | +5.6% |
| 3 Years | 16.6% | 11.0% | 15.8% | +5.6% |
| 5 Years | 16.4% | 10.4% | 15.5% | +6.0% |
| 7 Years | 16.4% | 10.6% | 15.1% | +5.8% |
| 10 Years | 16.3% | 11.4% | 15.7% | +4.9% |
| 12 Years | 16.3% | 11.3% | 15.1% | +5.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 18.9% | 15.4% | -19.7% | 77.7% | 0.65 | 2.60 | 86% | — | — |
| 3 Years | 16.9% | 16.6% | 3.0% | 31.2% | 2.09 | 56.73 | 100% | — | — |
| 5 Years | 16.6% | 17.2% | 4.9% | 25.5% | 2.70 | 199.08 | 100% | — | — |
| 10 Years | 16.5% | 16.2% | 13.7% | 19.7% | 7.07 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +12.95 | 0.84 | 87.2% | 69.0% | 4.0% | -12.0% |
| 3 Years | +8.83 | 0.77 | 81.2% | 68.2% | 15.1% | 6.2% |
| 5 Years | +4.68 | 0.75 | 77.7% | 69.8% | 10.3% | 5.3% |
| 7 Years | +6.64 | 0.74 | 77.0% | 68.6% | 15.7% | 10.0% |
| 10 Years | +5.45 | 0.74 | 77.2% | 69.5% | 14.8% | 10.3% |
| 12 Years | +6.48 | 0.73 | 76.5% | 67.6% | 14.9% | 9.1% |
| 15 Years | +5.34 | 0.71 | 74.3% | 65.8% | 13.8% | 9.3% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bajaj Finance Ltd. | 8.99% |
| 2 | ICICI Bank Ltd. | 7.11% |
| 3 | Kotak Mahindra Bank Ltd. | 5.82% |
| 4 | State Bank of India | 5.16% |
| 5 | Muthoot Finance Ltd. | 4.97% |
| 6 | Bharti Airtel Ltd. | 4.90% |
| 7 | Adani Power Ltd. | 4.47% |
| 8 | Solar Industries India Ltd. | 4.32% |
| 9 | Adani Energy Solutions Ltd. | 3.93% |
| 10 | Life Insurance Corporation of India | 3.31% |