Kolkata: SBI Contra Fund, SBI Healthcare Opportunities Fund and SBI ELSS Tax Saver Fund are three mutual fund schemes from the SBI MF stable that have recorded robust performance over the past three years. These funds have invested across sectors such as healthcare stocks, financial services stocks, IT and metals. SBI MF happens to be the biggest mutual fund house in the country in terms of AUM (assets under management). The combination of low costs and superior returns is predictably lucrative among investors. Let’s have a look at three equity schemes from SBI Mutual Fund that have delivered superior returns at a low cost over the past three years.
SBI Contra Fund
The SBI Contra Fund ranks among the oldest equity schemes offered by SBI Mutual Fund. As the nomenclature indicates, it operates on a ‘contrarian strategy’, which means it invests in fundamentally strong companies that the market is currently undervaluing. According to reports, this fund has delivered an annualised return of about 16.76% over the past three years. Moreover, its expense ratio stands at around 0.73%, which is considered low compared to many other actively managed equity funds.
The fund’s portfolio comprises companies stocks from sectors such as financial services, oil & gas, hHealthcare, IT and metals. Its key holdings include prominent names such as HDFC Bank, Reliance Industries, Biocon, Tata Steel, and ICICI Bank.
SBI Healthcare Opportunities Fund
The SBI Healthcare Opportunities Fund is also rapidly gaining popularity in the market. This sectoral fund primarily invests in companies within the healthcare sector. According to reports, this fund has delivered an annualised return of approximately 28.01% over the past three years and it is the highest return on this list. Its expense ratio stands at less than 1%. The fund’s portfolio is anchored by companies such as Sun Pharmaceutical Industries, Divi’s Laboratories, Apollo Hospitals, Max Healthcare, and Aster DM Healthcare.
SBI ELSS Tax Saver Fund
The SBI ELSS Tax Saver Fund is the third name on this list. This fund offers investors the opportunity of combining wealth creation along with tax savings. According to reports, this fund has generated an annualised return of approximately 20.17% over the last three years. On the other hand, its expense ratio is 0.98%. Its investments are in a wide array of sectors such as financial services, capital goods, IT, metals & mining, oil & gas and healthcare. Its key holdings include ICICI Bank, Reliance Industries, Kotak Mahindra Bank, Tata Steel, Axis Bank, and HDFC Bank.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets.)