SBI Mutual Fund, a prominent player in India’s mutual fund industry, offers a diverse range of funding options catering to diverse investor desires. With a sturdy track record and a wide distribution community, SBI Mutual Fund targets providing investors with opportunities for wealth creation and financial growth. In this article, we will discover the top 10 stock holdings of SBI Mutual Fund and the latest stocks in which the mutual fund offered a fresh stake within the March quarter.
Top 10 Stock Holdings of SBI Mutual Fund
ITC and Infosys are among the top 10 inventory holdings of SBI Mutual Fund, consistent with the Portfolio Tracker. The different 8 companies within the top 10 consist of HDFC Bank, Reliance Industries (RIL), ICICI Bank, L&T, Bharti Airtel, TCS, and Bajaj Finance. These companies represent a diverse variety of sectors, including banking, era, telecommunications, and customer goods.
Recent Investments by SBI Mutual Fund
In the March quarter, SBI Mutual Fund bought a fresh stake in several companies, including DOMS Industries Ltd, Shakti Pumps Ltd., and Max Healthcare Institute Ltd.
DOMS Industries Ltd. is a stationery and artwork product corporation that designs, develops, manufactures, and sells a wide range of items under its flagship brand, DOMS. With a market capitalization of Rs 11,027.17 crore, the stocks had been trading at Rs 1,817.05 per share, increasing by 0.59 percent in comparison to the preceding closing price. SBI Mutual Fund bought 43,22,689 equity stocks, and the SBI Mutual Fund share price is ₹ 1,840/share, which is equivalent to 7.12 percent of the company as of March 2024. The company’s revenue stood at Rs 372 crore in Q3 Financial year 2024; during the same time frame, net profit stood at Rs 39 crore.
Read Also: Understanding SBI Mutual Fund Share Price Performance
Shakti Pumps is a main manufacturer of pumps and vehicles, with an extensive kind of products that cater to several sectors, including agriculture, industry, and domestic. With a marketplace capitalization of Rs 3,488.39 crore, the stocks had been trading at Rs 339.50 per share, growing around 0.59 percent in comparison to the previous closing price. SBI Mutual Fund sold 8,27,472 equity shares, which is identical to 4.13 percent of the company as of March 2024. The company’s sales stood at Rs 496 crore in Q3 FY24; in the course of the identical time frame, internet earnings stood at Rs 45 crore.
Max Healthcare Institute Ltd. is typically concerned with the provision of healthcare services through primary care clinics, multi-forte hospitals/scientific facilities, and wonderful areas of expertise hospitals, which provide operation and management, medical services, clinical, radiology, pathology, and other healthcare services. With a marketplace capitalization of Rs 73,991.69 crore, the shares have been buying and selling at Rs 761.30 per share, increasing by around 0.36 percent in comparison to the preceding closing price. SBI Mutual Fund sold 2,30,20,066 equity stocks, which is equivalent to 2.37 percent of the organization as of March 2024. The organization’s sales stood at Rs 1,335 crore in Q3 Financial year 2024; at some stage in the equal time frame, net profit stood at Rs 289 crore.
Maximum Investment Amount For SBI Long-term Equity Fund
The maximum investment amount for the SBI Long-Term Equity Fund is not specified in the given sources. The minimum investment amount for lump sum investment in the SBI Long Term Equity Fund is ₹500, as per the scheme information document. The fund is open-ended and invests in equities, cumulative convertible preference shares, and fully convertible debentures and bonds. The fund aims for capital appreciation and has a very high-risk rating. It has given a return of 17.12% since its launch in May 2007. The fund’s current NAV is ₹377.62 for the growth option of its regular plan as of April 19, 2024. The fund’s trailing returns over different time periods are 60.29% (1yr), 29.26% (3yr), 21.36% (5yr), and 17.18% (since launch). The fund’s expense ratio is 1.63% for the regular plan as of April 07, 2024, and it does not attract any exit load. The minimum investment required is ₹500 for a lump sum, the minimum additional investment is ₹500, the minimum SIP investment is ₹500, and the minimum withdrawal is ₹500.
Minimum Investment Amount For SBI Mutual Fund Schemes
The minimum investment amount for SBI Mutual Fund schemes varies depending on the specific scheme and the type of investment. For example, the minimum investment amount for the SBI Long Term Equity Fund is ₹500 for both lump sum and SIP investments. Similarly, the minimum investment amount for the SBI Retirement Benefits Fund is ₹5,000 for lump sum investments and ₹500 for SIP investments. It’s important to note that different SBI Mutual Fund schemes may have different minimum investment requirements, so investors should check the specific scheme they are interested in for accurate details.
In Conclusion
SBI Mutual Fund investments in DOMS Industries Ltd., Shakti Pumps Ltd., and Max Healthcare Institute Ltd. reflect the mutual fund’s strategy of diversifying its portfolio across various sectors. These investments additionally highlight the mutual fund’s awareness of companies with a strong increase in capacity and a confirmed record of economic overall performance. The top 10 stock holdings of SBI Mutual Fund, consisting of ITC and Infosys, represent a numerous range of sectors and companies, offering investors opportunities for wealth creation and financial growth.