SBI Equity Hybrid Fund

Diversified

Hybrid

India Multi Asset

Others

Aggressive growth Investor Profile

Investor Profile

4–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Sbi Equity Hybrid Fund Growth mixes stocks and bonds for balanced growth and stability.

What This Strategy Does

SBI Equity Hybrid Fund Regular Growth is an equity flexi-cap fund which captures India's ₹200 trillion consumption and financialization opportunity through a multi-cap portfolio construction, deploying capital across financials, industrials, and consumer sectors to achieve broad-based earnings growth.

CW Expert Research Notes

Consistent Outperformance

The fund has demonstrated resilient performance across market cycles, outperforming its benchmark and category peers in 7 out of the past 12 years, reflecting a robust investment process and effective risk management.

Balanced Allocation

The fund's balanced allocation approach, with a 74.6% equity tilt complemented by a 21.6% bond exposure, provides a diversified portfolio construction tailored to navigate varying market conditions.

Earnings Resilience

The fund's sector positioning, with overweight exposures in defensive sectors like healthcare and consumer staples, coupled with a quality bias, has contributed to earnings resilience and downside protection during market downturns.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

4.0% AnnuallyAlpha

+11.0% vs +9.9% benchmarkSince Inception

+11.8% vs +6.0% benchmark3Y Annualized

+9.6% vs +6.3% benchmark5Y Annualized

SBI Equity Hybrid Fund

Benchmark Index

Benchmark Performance Comparison

Sbi Equity Hybrid Fund

NIFTY 50 + FD Returns

Risk Profile

Standard Deviation14.2%

Maximum Drawdown-9.8% | Dec 2025

Sharpe Ratio0.12

Beta1.16

Upside Capture110%

Detailed Risks

Market Risk

Potential recession in India driven by slowing global growth could undermine equity returns, mitigated by balanced allocation.

Liquidity Risk

High mid-cap exposure could face liquidity stress during volatility spikes, mitigated by large-cap buffer.

Concentration Risk

Concentrated sector bets like financials could amplify downside, diversification across sectors reduces impact.

Specific Strategy Risk

Regulatory changes to investment limits or taxation could disrupt strategy execution, monitored via policy tracking.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Delivers a balanced approach to growth and stability. By combining equity upside with fixed-income resilience, this hybrid strategy aims to capture market opportunities while mitigating volatility. The impact is a smoother return profile that compounds steadily over time without dramatic drawdowns. Suitable for investors seeking moderate risk-adjusted returns across market cycles.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with an attractive entry point emerging as consumption and earnings normalize. Key drivers such as consumer spending, capex revival, and credit growth are aligning with the strategy's tilt towards consumer, financial services, and technology sectors, though competitive pressures and cyclicality pose risks.

Why This Strategy is Attractive Now

The strategy seems well-positioned, with exposure to market leaders across consumer cyclicals/defensives, financials, and technology. Its diversification across roughly 70 holdings, along with a balance of growth and defensive names, suggests a risk-adjusted stance aligned with this environment. The moderate beta and flexibility to rotate could allow for participation in the normalization.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their growth prospects.

Why it Makes Sense

In the current market environment characterized by economic uncertainty and elevated volatility, a Quality Growth approach focused on companies with resilient business models and pricing power may offer a compelling risk-return profile.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas from a broad universe of companies across market capitalizations, with a preference for those demonstrating sustainable competitive advantages, strong profitability, and healthy balance sheets. Selection: The selection process suggests an emphasis on companies with consistent revenue and earnings growth, robust free cash flow generation, and attractive valuations relative to their growth prospects and quality characteristics. Construction: The portfolio construction appears to balance sector diversification with a focus on high-conviction holdings, while managing risk through position sizing and regular portfolio reviews.

Portfolio Holdings Overview

SectoralAllocation

Financial Services25.78%

Energy & Infra8.15%

Services10.96%

Capital Goods23.33%

Utilities12.52%

Technology3.95%

Consumers15.31%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

TrepsUtilities6.92%

State Bank of IndiaFinancial Services4.23%

Adani Power LtdUtilities3.70%

ICICI Bank LtdFinancial Services3.64%

Solar Industries India LtdCapital Goods3.32%

Adani Energy Solutions LtdUtilities3.25%

Kotak Mahindra Bank LtdFinancial Services3.22%

Bharti Airtel LtdServices3.17%

Muthoot Finance LtdFinancial Services2.88%

MRF LtdConsumers2.65%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

R. Srinivasan

R. Srinivasan has experience of 33 years. Manages 31 funds at SBI Funds Management Ltd with an AUM of approximately ₹1,24,181 Cr Holds a MFM degree.

81 years

Combined Team Experience

₹ 3,82,600 Cr

Assets Under Management

Rajeev Radhakrishnan

Co-Portfolio Manager

Mr. Rajeev Radhakrishnan has experience of 25 years. Manages 100 funds at SBI Funds Management Ltd with an AUM of approximately ₹83,597 Cr Holds a MMS degree.

Pradeep Kesavan

Co-Portfolio Manager

Pradeep Kesavan has experience of 2 years. Manages 81 funds at SBI Funds Management Ltd with an AUM of approximately ₹91,975 Cr

Mansi Sajeja

Co-Portfolio Manager

Ms. Mansi Sajeja has experience of 19 years. Manages 63 funds at SBI Funds Management Ltd with an AUM of approximately ₹82,847 Cr Holds a PGDBM degree.

CW Expert Take

SBI's fund management approach reflects their banking heritage, conservative risk frameworks with long-term conviction. They leverage extensive on-ground presence for grassroots research, particularly valuable in equity investing. Their fixed income team benefits from deep government securities market access and understanding of monetary policy transmission.

Firm Overview

Total AUM₹12,41,484.56 Cr

Investment Philosophy & Approach

Disciplined Approach

SBI Funds employs a disciplined investment approach focused on rigorous research.

Risk Management

Robust risk management practices with independent oversight ensure prudent portfolio construction.

Long-Term Mindset

The fund house maintains a long-term capital allocation mindset.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)1.39%

Exit Load1

Regulatory & Tax Information

INF200K01107

ISIN

DailyDealing Frequency

CRISIL Hybrid 35+65 - Agg TR INRBenchmark

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)