http://www.outlookmoney.com March 2018 Outlook Money 63
SBI Bluechip
Portfolio
Date:
31 / 1 /2018Basic Materials 11.3
Consumer Cyclical 13.8
Financial Services 33.7
Real Estate 0.0
Consumer Defensive 7. 8
Healthcare 7. 6
Utilities 1.1
Communication Services 1.5
Energy 6.0
Industrials 13.8
Technology 3.5
Total 100.0Data Source: Morningstar IndiaEquity
SectorsS
ohini Andani is an experienced
portfolio manager and an astute
stock picker. She joined SBI in 2007,
as the Head of Equity Research,
and has been managing funds since
- With over 20 years of work
experience, a majority in research-
oriented roles, her bent on research
and focus on bottom-up stock
picking stands out.
The fund is a relative return
strategy that seeks to outperform
the benchmark, as well as, its peers
on a consistent basis. The fund has
predominantly a large-cap mandate,
but the manager can invest up
to 20% in mid-cap companies.
Having said this, Andani tends to
invest in mid-caps with a relatively
higher market capitalization and
currently has an exposure of around
10% in mid-caps. The fund runs a
benchmark aware strategy with an
Manager Biography & Fund Strategy
Trailing Returns
Data Point: Return Calculation Benchmark: S&P BSE 100 TR INR.YTD 1 Year 3 Years 5 Years 10 YearsSBI Blue Chip Reg Gr 1.03 25.63 11.92 18.39 10.93S&P BSE 100 India TR INR 3.56 31.05 10.13 15.01 9.14Average 2.35 28.39 9.65 15.40 9.24Morningstar Category India Fund
Large-Cap
Fund Size (`) 182 billion
Inception Date 14/2/2006
Annual Report Net Expense Ratio 2.30
Morningstar Rating Overall ****
Manager Name Sohini Andani
Minimum Investment (`) 5,000
Morningstar Analyst Rating BronzeFund Snapshot
Top Holdings
Portfolio
Weighting
(%)
HDFC Bank Ltd 8.68
Larsen & Toubro Ltd 5.12
ITC Ltd 3.28
Mahindra & Mahindra Ltd 3.23
Nestle India Ltd 2.82
State Bank of India 2.54
Hero MotoCorp Ltd 2.51
IndusInd Bank Ltd 2.50
Hindustan Petroleum Corp Ltd 2.47
Kotak Mahindra Bank Ltd 2.47internal sector limit of 8% and a stock
limit of 5% versus the index.
The fund has largely maintained
an orientation towards growth stocks
and is focused on long-term growth
visibility. The team tends to stay away
from momentum-based investing and
focuses on bottom up stock picking,
which overlooks short-term market
aberrations
Andani’s focus on ensuring that the
fund’s downside remains protected is
reflected in the fund’s capture ratios.
The funds’ downside capture ratio
is much lower than the peer group,
thus, resulting in the fund falling lesser
than its peers in bear markets. On the
upside, the fund is quite similar to the
peer group, which results in the fund
outperforming over a market cycle.
The fund is an excellent choice for
investors looking at stable large-cap
investments for the long term.Calculation Benchmark: S&P BSE 100 India TR INRCalendar Year Returns
ReturnYTD1.0
3.6 4.8 5.0 8.0 -2.02017 2016 2015 2014 2013
-7. 500.0- 5
1522.530.0- 5
45.0SBI Blue Chip Reg Gr S&P BSE 100 India TR INR47.9 34.2- 6
30.233.3- 6
%