SBI Focused Fund
Direct · GrowthAI Summary
SBI Focused Fund has delivered strong long-term SIP XIRR of 16.35% over 10 years and 16.43% over 5 years, outperforming the category averages of 15.79% and 15.29% respectively. Against the NIFTY 50, the fund has generated consistent alpha, including 15.99% over 1 year and 9.63% over 3 years, with the fund's 3Y CAGR of 17.17% nearly doubling the benchmark's 7.84%. Returns have been remarkably stable across horizons, hovering in the 16-17% band from 3Y through 12Y.
The fund exhibits a low beta of 0.74-0.84 versus the NIFTY 50, with downside capture consistently around 65-70% versus upside capture of 74-89%, indicating a defensive profile that limits losses in falling markets. Nine drawdown events exceeding 10% have occurred, and while the maximum drawdown figure shown is minimal, the 239-day recovery period suggests drawdowns can take time to heal. Calmar ratios of roughly 0.50-0.58 across horizons reflect solid risk-adjusted returns relative to drawdown experienced.
The portfolio is concentrated with only 23 holdings, led by Bajaj Finance at 9.2% and a heavy financial sector tilt, with Banks (19.4%) and Finance (15.9%) together comprising over 35% of NAV. Power exposure of 11.6% is notable, driven by three Adani group companies (Adani Energy Solutions, Adani Power, and Adani Enterprises totaling roughly 12.5%), which introduces group-level concentration risk. The focused mandate of concentrated bets is evident, and performance is closely tied to the conviction in financials and the Adani power theme.
The fund beats category average SIP XIRR across every measured horizon, from 20.08% vs 17.03% over 1 year to 16.35% vs 15.79% over 10 years. Calendar year returns show strong consistency, with positive years in 10 of the last 13 and standout performances of 58.8% in 2014, 45.19% in 2017, and 43.95% in 2021. This sustained outperformance across multiple timeframes suggests effective stock selection rather than a single lucky period.
This fund suits investors with a long-term horizon of 5-7 years or more who want a concentrated, high-conviction equity portfolio with a track record of benchmark outperformance. Its low beta and strong downside capture make it relatively suitable for investors with moderate risk tolerance who still seek equity growth. However, investors should be comfortable with sector concentration in financials and exposure to Adani group stocks, which can add volatility in adverse scenarios.
- Consistent outperformance versus both the NIFTY 50 benchmark and category peers across 1Y, 3Y, 5Y, 7Y, 10Y, and 12Y horizons
- Defensive risk profile with beta below 0.85 and downside capture around 65-70%, cushioning losses in market downturns
- Stable long-term SIP XIRR in the 16-17% range across 3Y to 12Y periods, indicating dependable compounding
- Heavy concentration in financials (over 35% in Banks and Finance combined) and significant Adani group exposure of roughly 12.5% of NAV
- Only 23 holdings with the top stock at 9.2% of NAV, meaning poor performance of a few positions can materially impact returns
Generated on 06-09-2026, 8:01 PM. 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 | ₹12.86 L | 20.1% | -45.2% | 96.4% |
| 3 Years | ₹36.00 L | ₹45.39 L | 16.7% | -11.3% | 39.6% |
| 5 Years | ₹60.00 L | ₹89.66 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 | ₹2.80 Cr | 16.3% | 14.0% | 18.5% |
| 12 Years | ₹1.44 Cr | ₹4.11 Cr | 16.4% | 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 | 20.1% | 14.4% | 17.0% | +5.7% |
| 3 Years | 16.7% | 11.1% | 16.4% | +5.6% |
| 5 Years | 16.4% | 10.4% | 15.3% | +6.0% |
| 7 Years | 16.4% | 10.6% | 15.2% | +5.8% |
| 10 Years | 16.3% | 11.5% | 15.8% | +4.9% |
| 12 Years | 16.4% | 11.4% | 15.3% | +5.0% |
| Duration | Mean | Median | Min | Max | Sharpe | Sortino | % Positive | Cat. Mean | Cat. Median |
|---|---|---|---|---|---|---|---|---|---|
| 1 Year | 19.0% | 15.6% | -19.7% | 77.7% | 0.65 | 2.61 | 86% | — | — |
| 3 Years | 16.9% | 16.7% | 3.0% | 31.2% | 2.07 | 56.35 | 100% | — | — |
| 5 Years | 16.8% | 17.3% | 4.9% | 25.5% | 2.77 | 199.07 | 100% | — | — |
| 10 Years | 16.6% | 16.3% | 13.7% | 19.7% | 7.14 | — | 100% | — | — |
Calmar Ratio by Duration
Compared against NIFTY 50
| Duration | Alpha | Beta | Upside Capture | Downside Capture | Fund CAGR | Bench CAGR |
|---|---|---|---|---|---|---|
| 1 Year | +15.99 | 0.84 | 89.4% | 67.5% | 15.0% | -2.4% |
| 3 Years | +9.63 | 0.78 | 83.0% | 69.0% | 17.2% | 7.8% |
| 5 Years | +6.14 | 0.75 | 77.7% | 68.5% | 13.7% | 7.9% |
| 7 Years | +7.44 | 0.74 | 77.5% | 68.5% | 17.9% | 11.9% |
| 10 Years | +6.00 | 0.75 | 77.7% | 69.5% | 15.8% | 10.9% |
| 12 Years | +6.94 | 0.74 | 76.7% | 67.3% | 15.9% | 9.8% |
| 15 Years | +5.34 | 0.71 | 74.3% | 65.8% | 14.1% | 9.8% |
| # | Stock | % of NAV |
|---|---|---|
| 1 | Bajaj Finance Ltd. | 9.20% |
| 2 | ICICI Bank Ltd. | 7.74% |
| 3 | State Bank of India | 6.16% |
| 4 | Bharti Airtel Ltd. | 5.52% |
| 5 | Kotak Mahindra Bank Ltd. | 5.46% |
| 6 | Adani Energy Solutions Ltd. | 4.93% |
| 7 | Adani Power Ltd. | 4.65% |
| 8 | Muthoot Finance Ltd. | 4.36% |
| 9 | Solar Industries India Ltd. | 4.04% |
| 10 | Adani Enterprises Ltd. | 2.95% |