📊 Focused Fund · Deep Analysis

SBI FOCUSED FUND

SBI Mutual Fund · Direct Growth · SEBI Category: Focused

Current NAV ₹429.2097 (+0.08% today) As of 04 Jun 2026
1 Year Return +11.9%
3 Year CAGR +17.6% p.a.
5 Year CAGR +14.4% p.a.
AAUM ₹42.1K Cr Jan–Mar 2026
All data from RightAdvise DB — calculated from 2,573 daily NAV records
Fund Overview

SBI FOCUSED FUND — Quick Summary

SBI Focused Equity Fund is managed by R. Srinivasan — SBI AMC's Chief Investment Officer (Equity) — applying his growth-oriented stock selection philosophy to a concentrated 30-stock portfolio across market caps. The fund has delivered category-leading returns over multiple periods, frequently ranking among the top focused funds in India on 3-year and 5-year performance.

The fund's concentrated approach under R. Srinivasan has resulted in a portfolio that reflects high conviction in specific growth stories across sectors. While the fund invests across market caps, it tends to have meaningful mid cap and large cap positions. The fund's strong long-term track record has made it one of the most popular focused funds in India by AUM.

Fund House
SBI Mutual Fund
SEBI Category
Focused
Benchmark
S&P BSE 500 TRI
Fund Manager
R. Srinivasan
AMFI Code
119727
Risk Level
Very High
NAV Records in DB
2,573 days
Quarterly Average AUM · Jan–Mar 2026
₹42.1K Cr
↑ Increased by 2.5% vs Oct–Dec 2025 · ₹41.1K Cr
Official quarterly average AUM from AMFI disclosure. Published every 3 months.
📊
✓ Suitable For
Ideal for long-term investors (7+ years) with high risk tolerance who want a growth-focused concentrated portfolio managed by one of India's most experienced equity CIOs.
R. Srinivasan's consistent growth-oriented philosophy, strong long-term performance track record, SBI AMC's institutional backing, and the discipline of a 30-stock concentrated portfolio make this one of India's most compelling focused fund offerings.
✗ Not Suitable For
Conservative investors — the 30-stock concentration amplifies volatility compared to diversified funds. Those with short horizons under 5 years. Investors who prefer a more balanced, diversified equity approach rather than a concentrated high-conviction portfolio.
Who Runs This Fund

Fund Manager

RS
R. Srinivasan
SBI Mutual Fund · Managing since 2013

R. Srinivasan is Head of Equity at SBI Funds Management and manages SBI Focused Equity Fund with the same growth-oriented philosophy he applies across his other equity mandates. In a focused portfolio of maximum 30 stocks, his growth style translates into high-conviction bets on businesses he believes can deliver strong earnings compounding over 5 to 10 years.

For current co-manager details and full biography, refer to the latest SBI Mutual Fund factsheet on AMFI or the AMC website.

What to Factor In

Things to Consider

Informational points to help you form your own view — not judgements or recommendations.

AMFI Code · Informational
AMFI Scheme Code: 119727
The official AMFI scheme code for SBI FOCUSED FUND Direct Growth is 119727. Use this when transacting on platforms or verifying data across databases.
Important Note
Points Worth Knowing
R. Srinivasan manages multiple large flagship schemes at SBI MF simultaneously — SBI Focused Equity, SBI Flexicap and SBI Small Cap. Running multiple large AUM schemes raises questions about bandwidth and attention. Monitor whether the focused fund's portfolio remains truly high-conviction and differentiated from his other schemes.
Investment Objective
As per Scheme Information Document
To seek long term capital appreciation by investing in a maximum of 30 equity stocks of companies across the market capitalization spectrum.
All Data Below — From RightAdvise Database
Category Comparison

Top 5 Focused Funds Compared

Live data. Current fund highlighted. Click any fund name for full analysis.

FundNAVAAUM1Y Return 3Y CAGR 5Y CAGR Sharpe (3Y)
HDFC Focused 30 Fund ₹251.41 ₹26.2K Cr Jan–Mar 2026 -1.8% +17.5% p.a. +19.3% p.a. 1.06
ICICI Prudential Focused Equity Fund ₹14.9K Cr Jan–Mar 2026
SBI Focused Equity Fund ▲ ₹429.21 ₹42.1K Cr Jan–Mar 2026 +11.9% +17.6% p.a. +14.4% p.a. 1.03
Axis Focused Fund ₹59.16 ₹11.2K Cr Jan–Mar 2026 -6.1% +8.5% p.a. +5.5% p.a. 0.22
Franklin India Focused Equity Fund ₹110.79 ₹11.7K Cr Jan–Mar 2026 -5.8% +11.4% p.a. +11.9% p.a. 0.52
Best value in each column shown in green. AAUM from latest AMFI quarterly filing. Returns calculated from daily NAV history.
Performance

Fund Returns

Calculated from 2,573 daily NAV records in RightAdvise DB. Last calculated: Jun 2026.

1M / 3M / 6M / 1Y — simple point-to-point return  ·  3Y / 5Y / 10Y — CAGR (compounded annual growth rate)

1 MonthPoint-to-point
-1.2%
3 MonthPoint-to-point
+3.4%
6 MonthPoint-to-point
+0.6%
1 YearPoint-to-point
+11.9%
3 YearCAGR
+17.6% p.a.
5 YearCAGR
+14.4% p.a.
10 YearCAGR
+15.9% p.a.
₹1 Lakh → 5YLump sum growth
₹192,725

Best & Worst Periods Ever

Based on all rolling windows in full NAV history. Dates show the start and end of each period.

Best 1Y WindowSimple return
+77.1%
Oct 2020 – Nov 2021
Worst 1Y WindowSimple return
-18.1%
Mar 2019 – Mar 2020
Best 3Y CAGRCAGR p.a.
+30.2% p.a.
Oct 2018 – Nov 2021
Worst 3Y CAGRCAGR p.a.
+2.9% p.a.
Feb 2017 – Mar 2020

Calendar Year Returns

Jan 1 to Dec 31 each year. Simple point-to-point — not CAGR.

2025
+16.6%
2024
+18.2%
2023
+23.3%
2022
-7.6%
2021
+44.5%
2020
+15.8%
2019
+17.2%
2018
-2.8%
2017
+46.0%
Consistency Analysis

Rolling Returns ℹ️ What is this?

Rolling returns show performance across every possible investment start date — not one cherry-picked number. Learn more →

1Y Rolling Avg
17.9%
Positive in 86% of windows
Best: 77.1% · Worst: -18.1%
3Y Rolling Avg
16.6% p.a.
Positive in 100% of windows
Best: 30.2% · Worst: 2.9%
5Y Rolling Avg
17.8% p.a.
Positive in 100% of windows
Best: 26.2% · Worst: 10.3%
1-Year Rolling Returns Each bar = 1Y return starting from that date
Risk Analysis

Maximum Drawdown ℹ️ What is this?

How much the fund fell from its peak NAV — what investors actually experience during crashes. Calculated from full NAV history.

Max Drawdown Ever
-32.7%
Feb 2020 → Mar 2020
Recovered: Nov 2020 (11 mos)
Current from Peak
-2.5%
All-time Peak: ₹441.67
Peak date: May 2026

How the fund behaved in key crisis periods

Calculated from actual NAV data. "Pre-inception" means the fund didn't exist during that period.

2024–25 Tariff / Correction
-11.2%
Sep 27, 2024 – Apr 7, 2025
Recovered: Jun 2025 (4 mos)
COVID-19 Crash
-32.7%
Feb 19 – Mar 23, 2020
Recovered: Nov 2020 (11 mos)
2022 Rate Hike Cycle
-19.8%
Jan 17 – Jun 17, 2022
Recovered: Jul 2023 (1yr 6mo)
2018 IL&FS Crisis
-14.9%
Aug 28 – Oct 26, 2018
Recovered: Mar 2019 (7 mos)
Risk Metrics

Risk Ratios

Calculated from 3 years of daily NAV — industry standard. Risk-free rate: 6.5% p.a. Last updated: Jun 2026. What do these mean? →

Sharpe Ratio (3Y)
1.03
Return per unit of total risk. >1 is good. Learn more →
Sortino Ratio (3Y)
1.48
Like Sharpe but only penalises downside volatility. Learn more →
Std Deviation (3Y)
11.6%
Annualised monthly volatility. Lower = more consistent returns. Learn more →
📊
Want to see what SBI FOCUSED FUND is actually holding?

Our portfolio holdings page shows every stock the fund owns, sector allocation, and month-over-month changes — from official AMC disclosures.

Full current portfolio — all stocks, weights, sectors
New entries and exits over the last 3 months
Sector allocation and month-over-month changes
Updated monthly from official AMC disclosures
See Portfolio Holdings →
← Compare all Focused Funds

See how SBI FOCUSED FUND ranks against other Focused funds on returns, drawdown, Sharpe ratio and AAUM — side by side.

Learn the Metrics
📖 Deep Dive
CAGR, Sharpe, Sortino & Std Dev
What these numbers mean and how to use them
📖 Deep Dive
Drawdown & Rolling Returns
Why these reveal more than any CAGR figure
⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.
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⚠️ RightAdvise.com is NOT registered with SEBI. All content is for educational purposes only. Mutual Fund investments are subject to market risks. Please read all scheme-related documents carefully and consult a SEBI-registered advisor before investing.