SBI Equity Hybrid Fund
Aggressive Hybrid Fund · SBI Funds Management Limited
Among the 159 similar aggressive hybrid funds we track, this one has grown money faster than most. ₹1 lakh invested 5 years ago would be about ₹1.6 lakh today. Investing ₹10,000 every month for the last 10 years would have put in ₹12.1 lakh and grown it to about ₹22.8 lakh. Be warned: in its worst stretch, ₹1 lakh briefly shrank to about ₹72,510. Expect meaningful ups and downs on the way.
New to fund research? Start with the 5-minute guide. The detailed numbers below back all of this up.SBI Equity Hybrid Fund is a aggressive hybrid fund from SBI Funds Management Limited. It has a track record of about 13.7 years. As of the latest data it carries an RS rating of 68/99 (its recent momentum versus category peers) and a King Score of 87/100 (a long-term quality composite). The current NAV is ₹342.19 (as of 2026-09-16).
Growth of ₹100 - last 5 years
SBI Equity Hybrid Fund returns: last 1, 3, 5 and 10 years
| Period | This fund | Category average |
|---|---|---|
| 1 month | -3.76% | -3.12% |
| 3 months | -0.47% | 0.71% |
| 6 months | 5.38% | 4.94% |
| 1 year | 2.5% | 0.72% |
| 3 years (CAGR) | 10.95% | 10.38% |
| 5 years (CAGR) | 9.31% | 9.95% |
| 10 years (CAGR) | 12.12% | 12.01% |
The last 10 years return of SBI Equity Hybrid Fund works out to 12.12% a year (CAGR) - ₹1 lakh invested 10 years ago would be about ₹3.1 lakh today. The last 5 years return is 9.31% a year (₹1 lakh → ₹1.6 lakh), and the last 3 years return is 10.95% - ahead of its category's 10.38% average by 0.6 points. Its trailing one-year return is 2.5%. Trailing returns flatter or disappoint depending on the end date you pick - the year-by-year and rolling-return sections below are a fairer read.
Year-by-year returns
| Year | SBI Equity Hybrid Fund | Benchmark |
|---|---|---|
| 2018 | +0.9% | -3.4% |
| 2019 | +14.2% | +7.7% |
| 2020 | +13.6% | +16.7% |
| 2021 | +24.5% | +30.2% |
| 2022 | +3.0% | +3.0% |
| 2023 | +17.2% | +25.8% |
| 2024 | +15.0% | +15.2% |
| 2025 | +13.1% | +6.7% |
| 2026 | -0.5% | -5.8% |
SBI Equity Hybrid Fund beat its benchmark in 4 of the last 9 calendar years. A below-par hit-rate versus its own index is worth weighing against its other strengths. Consistency against the benchmark matters more than any single great year.
Calendar-year returns show how bumpy the ride really was - an average hides the good years and the ugly ones.
What a monthly SIP in SBI Equity Hybrid Fund would have made
A ₹10,000-a-month SIP, using this fund's actual NAV history. SIP returns (XIRR) differ from lumpsum CAGR because your money goes in gradually, averaging your entry price.
| SIP duration | You invested | It became | XIRR |
|---|---|---|---|
| 3 years | ₹370,000 | ₹415,186 | 7.63% |
| 5 years | ₹610,000 | ₹787,027 | 10.12% |
| 10 years | ₹1,210,000 | ₹2,283,250 | 12.19% |
Over 10 years, ₹1,210,000 invested in monthly instalments would have grown to about ₹2,283,250 - an XIRR of 12.19%. Figures are pre-tax and assume you stayed invested throughout.
Risk & drawdowns
| Measure | This fund | Category average |
|---|---|---|
| Worst drawdown (lifetime) | -27.49% | -28.53% |
| Worst drawdown (3Y) | -9.81% | -13.86% |
| Volatility (1Y) | 12.83% | 13.44% |
| Sharpe (3Y) | 0.45 | 0.33 |
| Sortino (3Y) | 0.81 | 0.6 |
| Beta (3Y) | 0.64 | 0.75 |
| Alpha (3Y) | 3.47% | 2.56% |
| Up capture | 72.6% | 79.11% |
| Down capture | 59.2% | 69.0% |
| Bull-market return | 22.2% | 23.98% |
| Bear-market return | -19.7% | -23.44% |
Timing matters more than people admit: the best possible 1-year stretch in SBI Equity Hybrid Fund (starting 2020-03-23) gained 59.7%, while the worst (starting 2019-03-22) lost 16.9%. The worst peak-to-bottom fall SBI Equity Hybrid Fund has ever put investors through is -27.49% - the real test of whether you'd have stayed invested. In falling markets (Nifty below its 200-day average) it has returned about -19.7% annualised, versus 22.2% in rising markets. It has captured roughly 72.6% of its benchmark's up-moves and 59.2% of its down-moves.
How SBI Equity Hybrid Fund behaves when markets fall
When the market is falling (the Nifty below its 200-day average), SBI Equity Hybrid Fund has historically returned about -19.7% annualised, versus roughly 22.2% when the market is rising. Its deepest fall on record is -27.49%. Right now it sits about 4.01% below its all-time high (last hit 2026-08-10). The real question isn't the average year - it's whether you could hold on through the worst one.
How SBI Equity Hybrid Fund ranks in its category
Percentile versus its ~159 category peers - 100th is best-in-class, 50th is average. This is the fairest apples-to-apples read.
Consistency (rolling returns)
| Measure | Value |
|---|---|
| Median 3Y rolling CAGR | 14.02% |
| 3Y windows positive | 100.0% |
| Worst 3Y window | 2.2% |
| 3Y windows beating Nifty 500 | 41.8% |
| Median 5Y rolling CAGR | 13.99% |
| Median 10Y rolling CAGR | 13.89% |
Instead of one lucky start date, rolling returns test every start date. Across all 3-year windows in its history, SBI Equity Hybrid Fund returned a median of 14.02% a year, and 100.0% of those windows were positive.
What SBI Equity Hybrid Fund holds
Its latest monthly portfolio disclosure. This is what your money actually owns.
Top holdings
Sector allocation
The top 10 holdings make up 33.8% of the portfolio, across 42 stocks. A higher concentration means the fund's fortunes ride on fewer names.
Portfolio overlap with similar funds
SBI Equity Hybrid Fund shares Edelweiss Aggressive Hybrid Fund (29%), ICICI Prudential Equity & Debt Fund (21%), HSBC Aggressive Hybrid Fund (0%) of its portfolio with these category peers (overlap = the slice of the two portfolios invested in the same stocks). The lower the overlap, the more genuinely different the portfolios are.
Who manages SBI Equity Hybrid Fund - and how good are they?
SBI Equity Hybrid Fund is managed by R. Srinivasan, Rajeev Radhakrishnan and Mansi Sajeja. Below is each manager's complete track record - every fund they currently run, judged on the same numbers as everything else on this page - so you can see whether this fund is in strong hands or is the outlier in a weak book.
R. Srinivasan's full record
R. Srinivasan currently runs 5 funds, across Aggressive Hybrid Fund, Children s Fund, Focused Fund, Small Cap Fund, with about ₹174,557 Cr under management. The book's average King Score is 81.6/100. Their strongest fund by King Score is SBI Children's Fund - Investment (95/100); SBI Equity Hybrid Fund ranks #3 of 5 in their book.
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SBI Children's Fund - Investment | 99 | 95 | 3.3% | 18.4% | 13.8% | 20.4% | 19.9% | n/a | 1.05 | 24.7% | -15.7% |
| 2 | SBI Children's Fund - Savings | 91 | 93 | 3.5% | 7.9% | 8.8% | 11.5% | 10.5% | 11.3% | 1.07 | 12.8% | -14.4% |
| 3 | SBI Equity Hybrid Fund (this page) | 68 | 87 | -0.5% | 5.4% | 2.5% | 10.9% | 9.3% | 12.1% | 0.45 | 14.0% | -27.5% |
| 4 | SBI Focused Fund | 90 | 84 | 2.8% | 10.7% | 10.8% | 14.4% | 11.4% | 15.1% | 0.62 | 16.6% | -32.7% |
| 5 | SBI Small Cap Fund | 57 | 49 | 6.7% | 21.4% | 6.1% | 11.3% | 13.9% | 18.9% | 0.32 | 22.7% | -40.3% |
Rajeev Radhakrishnan's full record
Rajeev Radhakrishnan currently runs 5 funds, across Aggressive Hybrid Fund, Corporate Bond Fund, Floater Fund, Liquid Fund and more, with about ₹192,248 Cr under management. The book's average King Score is 82.6/100. This fund is the highest-scored fund they run (King 87/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SBI Equity Hybrid Fund (this page) | 68 | 87 | -0.5% | 5.4% | 2.5% | 10.9% | 9.3% | 12.1% | 0.45 | 14.0% | -27.5% |
| 2 | SBI Liquid Fund | 93 | 85 | 1.7% | 3.5% | 6.6% | 6.9% | 6.3% | 6.1% | 1.21 | 6.8% | -0.2% |
| 3 | SBI Corporate Bond Fund | 82 | 81 | 1.3% | 2.7% | 5.2% | 7.2% | 6.3% | n/a | 0.63 | 6.2% | -2.9% |
| 4 | SBI Floating Rate Debt Fund | 91 | 80 | 1.8% | 3.2% | 6.6% | 7.5% | 6.7% | n/a | 0.97 | 7.2% | -0.6% |
| 5 | SBI Savings Fund | 75 | 80 | 1.9% | 3.4% | 6.5% | 7.3% | 6.7% | 6.8% | 1.45 | 7.5% | -1.0% |
Mansi Sajeja's full record
Mansi Sajeja currently runs 4 funds, across Aggressive Hybrid Fund, Conservative Hybrid Fund, Dynamic Asset Allocation or Balanced Advantage, Multi Asset Allocation, with about ₹153,664 Cr under management. The book's average King Score is 81.2/100. This fund is the highest-scored fund they run (King 87/100).
Tap any column heading to sort.
| # | Fund | RS | King | 3M | 6M | 1Y | 3Y CAGR | 5Y CAGR | 10Y CAGR | Sharpe | Roll 3Y | Worst fall |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SBI Equity Hybrid Fund (this page) | 68 | 87 | -0.5% | 5.4% | 2.5% | 10.9% | 9.3% | 12.1% | 0.45 | 14.0% | -27.5% |
| 2 | SBI Balanced Advantage Fund | 52 | 87 | -1.0% | 1.2% | 2.1% | 9.2% | 10.0% | n/a | 0.38 | 14.4% | -7.4% |
| 3 | SBI Conservative Hybrid Fund | 93 | 86 | 0.6% | 3.4% | 4.6% | 8.1% | 8.5% | 8.9% | 0.42 | 10.6% | -11.9% |
| 4 | SBI Multi Asset Allocation Fund | 64 | 65 | -0.1% | 2.6% | 10.3% | 14.5% | 13.2% | 12.0% | 0.96 | 12.6% | -17.6% |
A caveat worth keeping: funds often have co-managers, and results belong to the whole team and process rather than one person. A manager's book tells you about their range and consistency, not a guarantee of skill.
Cost & fund basics
| Detail | Value |
|---|---|
| Expense ratio (Direct) | 0.7% |
| Exit load | ≈1% if redeemed within 1 year (typical) |
| Minimum investment | ₹1000 |
| Fund size (AUM) | ₹84,010 Cr |
| Age | 13.7 years |
| Plan / Option | Direct · Growth |
| Benchmark | NIFTY500 |
How SBI Equity Hybrid Fund compares to peers
| Fund | RS | King | 3Y CAGR |
|---|---|---|---|
| HSBC Aggressive Hybrid Fund | 90 | 95 | 12.6% |
| Edelweiss Aggressive Hybrid Fund | 69 | 90 | 12.4% |
| ICICI Prudential Equity & Debt Fund | 56 | 89 | 12.4% |
| Bandhan Aggressive Hybrid Fund | 88 | 88 | 13.5% |
| Kotak Aggressive Hybrid Fund | 74 | 83 | 12.1% |
| Navi Aggressive Hybrid Fund | 98 | 82 | 11.3% |
Overlap warning: funds in the same category often own many of the same stocks - holding several rarely adds the diversification people expect.
What these numbers mean
RS rating (1-99) ranks a fund's recent momentum against its category - higher is stronger right now. King Score (0-100) is a long-term quality composite (returns, consistency, drawdown, risk-adjusted return) versus peers. Max drawdown is the worst peak-to-bottom fall the fund has ever experienced. Rolling returns test every possible start date, so one lucky (or unlucky) entry point can't distort the picture. Every formula behind this page is public - see how we calculate every number.
SBI Equity Hybrid Fund review: the bottom line
Related
Frequently asked questions
Is SBI Equity Hybrid Fund a good mutual fund?
That depends on your goals and risk tolerance - this is descriptive research, not advice. On the numbers, SBI Equity Hybrid Fund scores 87/100 on our King Score and RS 68/99 within its category, has compounded 10.95% a year over three years, and its worst drawdown was -27.49%. Compare those against your needs and the peer table above.
What is the NAV of SBI Equity Hybrid Fund today?
The latest NAV is ₹342.19 (as of 2026-09-16). NAV (net asset value) is the per-unit price of the fund, published every business day by the AMC.
What is the last 10 years return of SBI Equity Hybrid Fund?
Over the last 10 years SBI Equity Hybrid Fund has returned about 12.12% a year (CAGR). In rupees: ₹1 lakh invested 10 years ago would be roughly ₹3.1 lakh today, before tax. See the year-by-year table above for how uneven the ride was.
What is the expense ratio of SBI Equity Hybrid Fund?
The Direct-plan expense ratio is 0.7% a year. The Direct plan is cheaper than the Regular plan because it carries no distributor commission - over decades that gap compounds meaningfully.
Who is the fund manager of SBI Equity Hybrid Fund?
SBI Equity Hybrid Fund is managed by R. Srinivasan; Rajeev Radhakrishnan; Mansi Sajeja; Pradeep Kesavan.
Is SBI Equity Hybrid Fund safe? How risky is it?
No market-linked fund is 'safe' in the fixed-deposit sense - the honest question is how deep its falls get. Its worst historical drawdown was -27.49% - ₹1 lakh briefly becoming about ₹72,510. As a hybrid fund, its risk profile is typical of that category. Look at the drawdown, volatility and bear-market figures above and ask whether you could stay invested through the bad stretches.
Is SBI Equity Hybrid Fund good for SIP?
We can't tell you what to do, but here is what actually happened: a ₹10,000 monthly SIP over the last 10 years grew ₹12.1 lakh into about ₹22.8 lakh (XIRR 12.19%). SIPs average your entry price, which helps most in funds that swing hard - check the crash-behaviour section above to see how it treats investors in bad markets.
What are the SIP returns of SBI Equity Hybrid Fund?
A ₹10,000/month SIP over 10 years would have grown to about ₹2,283,250 (an XIRR of 12.19%) on ₹1,210,000 invested, using the fund's actual NAV history. See the SIP table above for other durations.
How does SBI Equity Hybrid Fund rank among similar funds?
On 3-year returns it sits around the 82th percentile of its category, and its consistency ranks 94th percentile. 100th is best-in-class, 50th is average. See the category-ranking section above.
Is SBI Equity Hybrid Fund tax-efficient / what about capital gains?
As a hybrid fund, gains follow the rules for its asset class - equity-oriented funds are taxed differently from debt. All returns on this page are pre-tax; your actual post-tax return depends on your holding period and slab. This is descriptive information, not tax advice.
Direct or Regular plan - which is shown here?
All figures on this page are for the Direct-Growth plan (no distributor commission, lower cost). Returns are pre-tax; capital-gains tax depends on your own holding period and slab.
See SBI Equity Hybrid Fund live in the MF Terminal
Everything above is a static snapshot. The terminal is where you actually research it:
- Interactive price chart with EMAs & RSI
- The RS line plotted against its benchmark
- Full holdings, sector mix & portfolio overlap
- Point-in-time backtester & portfolio doctor
- Compare it side-by-side with any peer
- Screen 1,600+ funds on the same metrics
Data: AMFI NAV history, NSE indices, BSE StAR and monthly disclosures. All figures are pre-tax. Descriptive research and education only - nothing here is investment advice or a recommendation to buy, sell or hold any fund. Past performance does not guarantee future returns.