SBI Comma Fund
ThematicVery HighOPEN-ENDED
- NAV as on 25 Sep 2026
- ₹116.05+0.09%1 day
- Return since launch
- 12.3%
- 52-week range
- ₹103.93 — ₹119.84
- AUM
- ₹1,237 Cr
SBI Comma Fund is a Thematic equity fund from SBI Mutual Fund with ₹1,237 Cr under management, launched in 2005. Over three years it has returned 10.1% a year, against 11.2% for its category. The expense ratio is 2.28% and the SEBI riskometer reading is Very High.
Performance
SBI Comma Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned +11.3% against -4.6% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1Y | 7.8% | +4.0 pts | 3.9% | -3.3% |
| 2Y | 9.9% | +5.5 pts | 4.3% | -3.4% |
| 3Y | 10.1% | −1.1 pts | 11.2% | -1.5% |
| 5Y | 13.0% | +3.5 pts | 9.5% | 4.9% |
| 7Y | 16.1% | +3.4 pts | 12.7% | 9.2% |
| 10Y | 15.3% | +3.8 pts | 11.5% | 9.8% |
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -2.4% | +1.6 pts | -4.0% | -3.5% |
| 3M | 2.0% | +1.7 pts | 0.4% | -0.9% |
| 6M | 9.1% | −5.2 pts | 14.3% | 10.5% |
| 1Y | 11.3% | +7.4 pts | 3.9% | -4.7% |
| 2Y | 2.3% | +4.0 pts | -1.6% | -8.0% |
| 3Y | 15.2% | +4.0 pts | 11.2% | 4.6% |
| 5Y | 10.1% | +0.6 pts | 9.5% | 6.0% |
| 7Y | 18.1% | +3.4 pts | 14.7% | 11.7% |
| 10Y | 14.5% | +3.0 pts | 11.5% | 9.5% |
Since launch (30 Jun 2005): 12.3%
Calendar-year returns
Category average23.9%
52.0%
-6.6%
32.3%
10.5%
12.3%
Show as a table
| Period | Fund | vs category | Category |
|---|---|---|---|
| 2025 | 12.3% | +9.3 pts | 3.0% |
| 2024 | 10.5% | −9.3 pts | 19.8% |
| 2023 | 32.3% | +0.3 pts | 32.0% |
| 2022 | -6.6% | −9.9 pts | 3.3% |
| 2021 | 52.0% | +8.1 pts | 43.9% |
| 2020 | 23.9% | +1.0 pts | 22.9% |
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
2.28%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 1.86%
- Brokerage
- 0.03%
- Transaction charges
- 0.00%
- Statutory levies
- 0.39%
- Exit load
- Exit load of 0.50% if redeemed within 30 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- NIFTY Commodities TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Very High
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
| Ratio | Fund | Category avg | Read as |
|---|---|---|---|
| Alpha | 4.51 | 8.22 | Return earned above what the benchmark alone would have given. Higher is better. |
| Beta | 0.98 | 1.11 | How hard the fund moves when the market moves. Under 1 is steadier than the market. |
| Sharpe | 0.68 | 0.74 | Return earned for each unit of total risk taken. Higher is better. |
| Sortino | 1.10 | 1.14 | Return earned for each unit of downside risk. Higher is better. |
| Std. deviation | 16.66 | 20.48 | How widely monthly returns have varied around their own average. Lower is steadier. |
| Average of 4 category peers | |||
Portfolio
SBI Comma Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity96.3%
- Debt0.2%
- Other3.5%
Market cap split
- Large37.0%
- Mid19.2%
- Small43.8%
- P/E
- 17.89
- P/B
- 2.20
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Sudeep Pharma Ltd. | Healthcare | 6.73% | ₹83.17 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 6.38% | ₹78.83 Cr | +7.91% | +9.09% | +8.30% |
| JSW Steel Ltd. | Metals & Mining | 5.29% | ₹65.39 Cr | +5.68% | +3.80% | +2.92% |
| Oil And Natural Gas Corporation Ltd. | Energy | 4.25% | ₹52.54 Cr | +5.35% | +7.08% | +4.66% |
| CESC Ltd. | Energy | 3.75% | ₹46.33 Cr | +5.13% | +3.28% | +4.48% |
| Gokaldas Exports Ltd. | Textiles | 3.69% | ₹45.57 Cr | +2.77% | — | +0.96% |
| Others | Others | 3.49% | ₹43.48 Cr | -1.72% | -0.60% | -1.30% |
| Arvind Ltd. | Textiles | 3.42% | ₹42.23 Cr | +3.20% | +2.67% | +3.04% |
| Ultratech Cement Ltd. | Materials | 3.15% | ₹38.93 Cr | +3.47% | +4.31% | +6.12% |
| Oil India Ltd. | Energy | 3.07% | ₹37.93 Cr | +3.32% | +3.80% | +2.08% |
| NMDC Ltd. | Metals & Mining | 2.94% | ₹36.41 Cr | +3.23% | +3.38% | +2.44% |
| Clean Science And Technology Ltd. | Chemicals | 2.62% | ₹32.46 Cr | +2.80% | +1.87% | +2.25% |
| UPL Ltd. | Chemicals | 2.46% | ₹30.36 Cr | +3.09% | +2.17% | +2.04% |
| Neogen Chemicals Ltd. | Chemicals | 2.40% | ₹29.65 Cr | +2.51% | +2.23% | +1.44% |
| JSW Cement Ltd. | Materials | 2.27% | ₹28.04 Cr | +2.56% | +2.78% | +2.59% |
| Paradeep Phosphates Ltd. | Chemicals | 2.20% | ₹27.21 Cr | — | — | — |
| Steel Authority Of India Ltd. | Metals & Mining | 2.13% | ₹26.33 Cr | +4.27% | +3.90% | +2.96% |
| company:873 | Chemicals | 2.12% | ₹26.24 Cr | — | — | — |
| Coal India Ltd. | Materials | 2.11% | ₹26.11 Cr | +2.65% | +2.80% | +3.47% |
| Shyam Metalics And Energy Ltd. | Metals & Mining | 2.02% | ₹24.94 Cr | +1.97% | +1.96% | +2.94% |
| Vedanta Aluminium Metal Ltd. | Metals & Mining | 1.99% | ₹24.59 Cr | +0.35% | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 1.98% | ₹24.51 Cr | +2.40% | +2.78% | +3.64% |
| Balrampur Chini Mills Ltd. | Consumer Staples | 1.96% | ₹24.27 Cr | +2.97% | +2.12% | +3.44% |
| CMR Green Technologies Ltd. | Metals & Mining | 1.94% | ₹24.04 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | 1.89% | ₹23.33 Cr | +2.15% | +5.06% | +8.21% |
| Jindal Stainless Ltd. | Metals & Mining | 1.80% | ₹22.24 Cr | +1.93% | +2.46% | +3.44% |
| Hindalco Industries Ltd. | Metals & Mining | 1.79% | ₹22.10 Cr | +2.18% | +2.87% | +3.11% |
| Hindustan Zinc Ltd. | Metals & Mining | 1.78% | ₹22.03 Cr | +2.08% | — | — |
| Hindustan Petroleum Corporation Ltd. | Energy | 1.77% | ₹21.95 Cr | +2.10% | +2.63% | +3.21% |
| Indian Oil Corporation Ltd. | Energy | 1.69% | ₹20.87 Cr | +1.87% | +2.81% | +3.70% |
| NHPC Ltd. | Energy | 1.68% | ₹20.71 Cr | +1.89% | — | — |
| Indian Energy Exchange Ltd. | Services | 1.61% | ₹19.88 Cr | +1.88% | +2.07% | +2.19% |
| GAIL (India) Ltd. | Energy | 1.58% | ₹19.53 Cr | +2.63% | +3.05% | — |
| Nuvoco Vistas Corporation Ltd. | Materials | 1.55% | ₹19.13 Cr | +1.86% | +1.97% | +3.90% |
| Coromandel International Ltd. | Chemicals | 1.31% | ₹16.20 Cr | +1.32% | +1.89% | — |
| Kusumgar Ltd. | Textiles | 1.29% | ₹15.97 Cr | — | — | — |
| Torrent Power Ltd. | Energy | 1.28% | ₹15.80 Cr | +1.64% | +2.04% | — |
| CCL Products (India) Ltd. | Consumer Staples | 1.18% | ₹14.58 Cr | +1.26% | +1.37% | +1.67% |
| Ambuja Cements Ltd. | Materials | 1.05% | ₹13.04 Cr | +1.29% | +1.63% | +2.61% |
| NMDC Steel Ltd. | Metals & Mining | 0.86% | ₹10.62 Cr | — | — | — |
| Vedanta Ltd. | Metals & Mining | 0.73% | ₹9.04 Cr | +1.02% | +4.85% | +4.04% |
| Sagar Cements Ltd. | Materials | 0.47% | ₹5.85 Cr | +0.58% | +0.71% | +1.33% |
| Reserve Bank of India | Financial | 0.24% | ₹2.97 Cr | +0.26% | +0.29% | +0.42% |
| Vedanta Power Ltd | Capital Goods | 0.09% | ₹1.14 Cr | +0.35% | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| company:873 | 0.00% | 2.12% | +2.12% |
| Sudeep Pharma Ltd. | 5.11% | 6.73% | +1.62% |
| Paradeep Phosphates Ltd. | 0.87% | 2.20% | +1.33% |
| Balrampur Chini Mills Ltd. | 3.22% | 1.96% | -1.26% |
| Steel Authority Of India Ltd. | 3.35% | 2.13% | -1.22% |
| Vedanta Aluminium Metal Ltd. | 1.25% | 1.99% | +0.74% |
| CESC Ltd. | 4.43% | 3.75% | -0.68% |
| Tata Steel Ltd. | 6.84% | 6.38% | -0.46% |
| Oil And Natural Gas Corporation Ltd. | 4.64% | 4.25% | -0.39% |
| Others | 0.02% | -0.33% | -0.35% |
| Gokaldas Exports Ltd. | 4.01% | 3.69% | -0.32% |
| UPL Ltd. | 2.75% | 2.46% | -0.29% |
| Torrent Power Ltd. | 1.55% | 1.28% | -0.27% |
| Ultratech Cement Ltd. | 3.42% | 3.15% | -0.27% |
| Power Grid Corporation Of India Ltd. | 2.23% | 1.98% | -0.25% |
| Indian Energy Exchange Ltd. | 1.84% | 1.61% | -0.23% |
| JSW Cement Ltd. | 2.50% | 2.27% | -0.23% |
| Neogen Chemicals Ltd. | 2.60% | 2.40% | -0.20% |
| Hindustan Petroleum Corporation Ltd. | 1.97% | 1.77% | -0.20% |
| Nuvoco Vistas Corporation Ltd. | 1.74% | 1.55% | -0.19% |
| Clean Science And Technology Ltd. | 2.44% | 2.62% | +0.18% |
| Coromandel International Ltd. | 1.49% | 1.31% | -0.18% |
| Coal India Ltd. | 2.27% | 2.11% | -0.16% |
| Jindal Stainless Ltd. | 1.96% | 1.80% | -0.16% |
| CCL Products (India) Ltd. | 1.32% | 1.18% | -0.14% |
| Ambuja Cements Ltd. | 1.19% | 1.05% | -0.14% |
| Reliance Industries Ltd. | 2.02% | 1.89% | -0.13% |
| Arvind Ltd. | 3.29% | 3.42% | +0.13% |
| NHPC Ltd. | 1.79% | 1.68% | -0.11% |
| Hindustan Zinc Ltd. | 1.68% | 1.78% | +0.10% |
| GAIL (India) Ltd. | 1.68% | 1.58% | -0.10% |
| Indian Oil Corporation Ltd. | 1.77% | 1.69% | -0.08% |
| JSW Steel Ltd. | 5.36% | 5.29% | -0.07% |
| Sagar Cements Ltd. | 0.54% | 0.47% | -0.07% |
| Kusumgar Ltd. | 1.35% | 1.29% | -0.06% |
| CMR Green Technologies Ltd. | 1.90% | 1.94% | +0.04% |
| Shyam Metalics And Energy Ltd. | 1.98% | 2.02% | +0.04% |
| NMDC Steel Ltd. | 0.83% | 0.86% | +0.03% |
| Oil India Ltd. | 3.04% | 3.07% | +0.03% |
| NMDC Ltd. | 2.96% | 2.94% | -0.02% |
| Reserve Bank of India | 0.25% | 0.24% | -0.01% |
| Vedanta Ltd. | 0.72% | 0.73% | +0.01% |
| Hindalco Industries Ltd. | 1.79% | 1.79% | 0.00% |
| Vedanta Power Ltd | 0.09% | 0.09% | 0.00% |
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹4,634 Cr | 2.10% | 19.5% | 15.2% | 14.5% |
 HDFC Defence Fund | ₹11,478 Cr | 1.79% | 34.5% | 26.7% | — |
 ICICI Prudential Commodities Fund | ₹4,277 Cr | 1.96% | 6.2% | 10.4% | 14.6% |
| ICICI Prudential Exports and Services Fund | ₹1,549 Cr | 2.30% | 1.2% | 6.5% | 12.4% |
 Edelweiss Recently Listed IPO Fund | ₹1,230 Cr | 2.36% | 35.9% | 17.3% | 16.6% |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to generate opportunities for growth along with possibility of consistent returns by investing predominantly in a portfolio of stocks of companies engaged in the commodity and commodity related businesses.
Fund managers
- Dinesh BalachandranMr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA.Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
₹
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months9.07% absolute | ₹60,000 | ₹65,442 | 9.07% | |
| 1 year11.28% annualised | ₹1,20,000 | ₹1,27,591 | 6.33% | |
| 3 years15.23% annualised | ₹3,60,000 | ₹4,58,514 | 27.36% | |
| 5 years10.11% annualised | ₹6,00,000 | ₹7,83,169 | 30.53% |
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.
What is the NAV of SBI Comma Fund?
The NAV of SBI Comma Fund is ₹116.05 as on 25 Sep 2026.
What is the expense ratio of SBI Comma Fund?
The expense ratio of SBI Comma Fund is 2.28% per year.
What is the minimum SIP amount for SBI Comma Fund?
You can start a SIP in SBI Comma Fund with ₹3,000 a month.
What returns has SBI Comma Fund given?
SBI Comma Fund has returned 7.8% over 1 year, 10.1% over 3 years and 13.0% over 5 years (annualised).
Is there a lock-in or exit load on SBI Comma Fund?
Lock-in: None. Exit load: Exit load of 0.50% if redeemed within 30 days..
How risky is SBI Comma Fund?
SBI Comma Fund is rated Very High on the SEBI riskometer and belongs to the Thematic category.
Which fund house manages SBI Comma Fund?
SBI Comma Fund is managed by SBI Mutual Fund, which runs 80 schemes with ₹12,81,381 Cr under management.