Scheme Rating
IME Scheme Rating
A call on the specific theme: We typically do not recommend Thematic funds to investors, since it requires getting in and out of the theme at the right time. Typically a strong contra approach (investing in themes when they are out of favour, and getting out when they are popular) leads to better performance, but this is very hard to actually implement in practice given strong behavioural instincts against such an approach (investors often end up entering themes post a run-up, which can often be the worst time to invest). In our view, thematic funds are primarily suitable for more astute investors who have a deep underlying understanding of the investment merits of the theme.
IME Strategy Rating
Differentiated Strategy focused on Ethical investing: Clear differentiation in strategy given their focus on ESG. ESG investing has been gaining investor interest in recent years and this strategy offers investors the ability to invest in companies that are environmentally friendly, socially responsible and have good governance. Not only would this have interest amongst investors seeking more to invest in more ethically run companies, but the fund flows towards ESG funds can also help these companies perform well in the markets.
PMS Scheme Ratings are driven by IME’s Proprietary Scheme Rating Methodology, which takes into account our ratings of the Scheme’s investment strategy, its maturity, the investment team, and our separate rating on the AMC that runs this particular scheme. Our views on each of these individual criteria are available via the IME RMS – which you can view by reaching out to one of our relationship managers (using either the live chat or book appointment feature on this site).
IME View on SBI Funds ESG
Trailing Performance
1yr | 3yr | 5yr | Since Inception | |
---|---|---|---|---|
SBI Funds ESG | 36.9 | 20.1 | 25.9 | 18 |
S&P BSE 500 TRI | 41.1 | 18.4 | 22.4 | 16.1 |
Alpha over Broad Mkt BM | -4.2 | 1.7 | 3.5 | 1.9 |
Performance as of: 30-Sep-24 | Inception Date: 08-Jul-16
Fund Managers
Gaurav Mehta | 2-star rated FM
CIO- Alternatives | 16 yrs Experience | 3 yrs at current firm
Past Experience: Analyst & Fund manager(SBI mutal fund)
Gaurav Mehta joined SBI Funds Management (SBIFM) in November 2018 as an Equity Analyst in SBI Mutual Fund and subsequently moved to having fund management responsibilities as well. With effect from October 2021, Gaurav is now CIO – Alternatives where he is responsible for managing equity portion of the Portfolio Management Services & Alternative Investment Funds business. Gaurav has over 15 years’ experience in Indian Financial Markets having worked with Ambit Investment Advisors, Ambit Capital, and Edelweiss Capital. Gaurav has completed B.Tech (Chemical Engineering) from IIT, Bombay and holds a post graduate diploma in Management from IIM, Lucknow. Gaurav is also a Charter holder of the CFA Institute, USA
Fee Structure
Fee Structure | Fee |
---|---|
Fixed Fee Structure | 2.5 |
Variable Fee Structures | |
Exit Fees | 1yr(1%) |
AMC
AMC: SBI Funds PMS (click link for detailed AMC review)
Not a top recommendation due to being an MF-driven PMS: We are not fans of MF-promoted PMS's, primarily due to it often being a side-business of the larger MF and without any certainty of the longer-term stability of the investment team. While the research & distribution strengths of the mutual fund can help the PMS scale, this does not make it valuable for investors seeking alternative investment classes. Additionally, SBI PMS is still at a more nascent stage of evolution than other MF-promoted PMS providers. We do not recommend SBI PMS at this time.
SBI Funds PMS does not meet our criteria for PMS AMC Selection at this time. Understand our AMC rating criteria at AMC Rating Criteria or contact us via the LiveChat to learn more.
Note: PMS AMC & Scheme Reviews and Ratings are based on IME Capital’s Proprietary Review and Rating Methodology (read more here: AMC Rating & Scheme Ratings). These reflect the unbiased views of our central research team, based on our assessment of the investment value of these PMS/AIF strategies for our investors. We follow a highly stringent rating-criteria, where approximately 50% of PMS AMC’s & strategies would be rated 2-star or below (this is not meant to indicate that these funds are not investment-worthy, but that they do not currently fulfill the requirements we focus on for recommending funds to our investors — based on our internal views on the merit of the AMC/strategy relative to peers). Reviews & Ratings are primarily based on research of publicly available information (SEBI disclosures, PMS websites, PMS-aggregation platforms, webinar recording, media interviews etc.) and no explicit consent is required from AMCs for the same. While we endeavour to do further due-diligence via direct interactions with the investment teams of AMCs, this is typically restricted to AMC’s that meet our foundational fund selection criteria (reviews on lower-rated AMCs are often based solely on publicly available information). The views reflected in our Reviews & Ratings, are our independent views and may not be shared by the AMC’s and the investment teams. Please read detailed disclaimer for more.