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Feb 07, 2013, 12.27 PM IST | Source: Moneycontrol.com

Magnum Connect Fund Analysis: SBI Emerging Businesses Fund

Magnum Connect presents its analysis on a mutual fund scheme - SBI Emerging Businesses Fund (Growth).

Magnum Connect presents its analysis on a mutual fund scheme - SBI Emerging Businesses Fund (Growth).

SBI Emerging Businesses Fund (Growth) is an SBI Funds Management managed open-ended Equity - Mid-cap scheme. The fund was launched on October 11, 2004 and its fund manager is R. Srinivasan.

The benchmark index of the fund is BSE-500 and the custodian of the fund is Stock Holding Corporation of India Limited.

The current net asset value ( NAV ) of the fund as on January 31, 2012 was Rs 60.40; while the 52 week high NAV was Rs 62.50 on January 4, 2013 and the 52 week low NAV for the scheme was Rs 42.95 on February 27, 2012. The minimum investment to the fund is Rs 2000 and additional investments can be made in multiples of Rs
500.

The investment objective of the scheme is to provide the investors maximum growth opportunity through equity investments in stocks of growth oriented sectors of the economy and also to participate in the growth potential presented by various companies that are considered emergent and have export orientation/outsourcing opportunities or are globally competitive by investing in the stocks representing such companies.The fund may also evaluate emerging businesses with growth potential and domestic focus.

The top five holdings of the fund are:

 

 

 

As far as market capitalization-wise companies are concerned, the scheme’s portfolio consists of 44.63% from Large-cap, 23.47% from Mid-cap and 25.21% from Smallcap stocks.

The fund has given a return of 24.15% since inception and a return of 42.82% in last one year, while the category average in the same period has been 6.55% and 26.25% respectively.


 

 

 

 

 

 

 

 

Outlook

SBI Emerging Businesses (Growth) is an SBI Funds Management managed open-ended Equity - Mid-cap scheme, being managed by R. Srinivasan. This scheme focuses on the theme of emerging businesses. So they invest in companies showing promise based on the growth potential arising out of export/outsourcing opportunities or global competitiveness. It also focuses on emerging domestic themes. The investment objective of the Emerging Business Fund is to participate in the growth potential presented by various companies that are considered emergent and have export orientation/ outsourcing opportunities or are globally competitive by investing in the stocks representing such companies.

 

 

 

 

 

 

 

 


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