SBI Quality Fund Direct Growth Review 2026: NAV, Returns, Portfolio & Should You Invest?

SBI Quality Fund Direct Growth Plan has a NAV of ₹10.5614 as of 15 Sep 2026 and an AUM of ₹2,658 Cr. Its 1-year, 3-year and 5-year returns are 0%, 0% and 0%, and the fund sits in the High Risk category. Our view is that this is a concentrated equity strategy with limited live return history so far, which makes it more suitable for investors who can tolerate sharp short-term swings and want to study portfolio quality closely before committing.

The fund is also notable for a very low expense ratio of 0.0% and a portfolio that leans heavily into a few large positions. That combination can support a focused equity style, but it also means recent price moves and stock selection matter a great deal in the near term.

Quick facts

Particular	Details
NAV	₹10.5614 as of 15 Sep 2026
AUM	₹2,658 Cr
Expense Ratio	0.0%
Launch Date	17 Feb 2026
Min SIP	₹500
Risk Category	High Risk
Benchmark	Nifty 50
Fund Category	Equity
Exit Load	1% on or before 6M, Nil after 6M
Fund Managers	Anup Upadhyay

The fund is managed by Anup Upadhyay.

Source data date: as of 15 Sep 2026

Performance

Period	Fund return	Benchmark return
1M	-4%	-4.41%
3M	3.11%	-3.6%
1Y	Data not available	Data not available
3Y	Data not available	Data not available
5Y	Data not available	Data not available

In the near term, the fund has been more resilient than the benchmark over 3 months, even though both were under pressure in the 1-month window. That tells us the portfolio has not moved in a straight line, but it has shown some ability to recover after a weak patch.

The 1-month return of -4% is only slightly better than the benchmark’s -4.41%, so the latest move still looks soft. The more constructive signal is the 3-month return of 3.11%, which stands well ahead of the benchmark’s -3.6% and suggests the fund has recently handled market noise better than the index.

We do not have a full 1-year, 3-year or 5-year return history yet, so the broader compounding picture is still forming. For now, the fund should be judged more on how its recent stock choices have behaved than on a long record of cycle performance.

The short history in the daily pattern also points to a choppy start rather than a smooth climb. For investors, that means the fund’s early path is still being set, and near-term swings matter more than any long-range pattern at this stage.

Source data date: as of 15 Sep 2026

Should you BUY or HOLD SBI Quality?

A fund's past returns alone don't tell you whether you should buy it today or continue holding it.

The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.

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Peer comparison

Fund	1Y return	3Y return	5Y return
SBI Quality Fund Direct Growth Plan	Data not available	Data not available	Data not available

This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639. Because the current fund is the only peer shown here, the comparison does not separate it from other funds on 1-year, 3-year or 5-year returns. The practical takeaway is that available peer-style return data is not yet sufficient to build a meaningful comparison, so the focus stays on the fund’s own short-term behaviour and portfolio quality.

Source data date: as of 15 Sep 2026

Portfolio: where your money goes

Holding	Sector	Weight
ICICI Bank Ltd.	Bank	7.43%
Bajaj Auto Ltd.	Automobile & Ancillaries	7.05%
Nestle India Ltd.	FMCG	5.71%
Marico Ltd.	FMCG	3.98%
Dixon Technologies (India) Ltd.	Consumer Durables	3.68%
Cummins India Ltd.	Automobile & Ancillaries	3.51%
TREPS	Cash & Cash Equivalents and Net Assets	3.19%
Coforge Ltd.	IT	2.96%
TVS Motor Company Ltd.	Automobile & Ancillaries	2.85%
Pearl Global Industries Ltd.	Textile	2.73%

The top 10 holdings account for approximately 43.09% of the portfolio.

To see all holdings, visit the SBI Quality Fund Direct Growth Plan page

The single largest position, ICICI Bank Ltd., carries a 7.43% weight, so no one holding dominates the visible list by itself. The drop from the first holding to the tenth is fairly gradual rather than steep, which suggests the visible sleeve is spread across several names instead of being driven by just one or two positions.

Even so, the top 10 still account for 43.09% of the portfolio, which means a meaningful share of the scheme is tied to the ideas shown here while the rest is distributed across a longer tail of 48 disclosed holdings. That mix may reduce reliance on any single stock, but it could still leave performance sensitive to how a small group of larger positions behaves.

We also note that the portfolio includes both financials and consumer-facing businesses among the largest holdings, which may support a quality-oriented approach. At the same time, the presence of cash and cash equivalents in the top 10 shows that not every rupee is immediately deployed into equities.

Source data date: as of 15 Sep 2026

Who should invest

This fund suits investors who can accept High Risk exposure and are comfortable with a new equity strategy that has only a short return record so far. The recent pattern is mixed: the fund has held up better than the benchmark over 3 months, but the latest 1-month move is still weak and the longer return track record is not yet available.

That makes a longer investment horizon important, because the case for the fund rests more on its portfolio construction and future compounding than on a completed history across market cycles. Investors who prefer smoother outcomes or who need a well-established record may find the uncertainty too high. The main trade-off is that a focused quality-style portfolio can offer upside if the stock picks work, but it can also move unevenly when a few large positions are out of step with the market.

Tax and exit load

Holding period	Tax rate	Description
Units held less than 1 year	20%	Short-term capital gains tax
Units held more than 1 year	12.5%	Long-term capital gains tax

Exit load: 1% on or before 6 months; nil after 6 months.

Source data date: as of 15 Sep 2026

Frequently asked questions

What is the current NAV of SBI Quality Fund Direct Growth Plan?

The NAV is ₹10.5614 as of 15 Sep 2026.

What are the fund’s recent returns?

The fund’s 1-month return is -4% and its 3-month return is 3.11%. The 1-year, 3-year and 5-year return figures are not yet available.

How does it compare with the benchmark?

Over 1 month, the fund at -4% is slightly better than the benchmark at -4.41%. Over 3 months, the fund at 3.11% is ahead of the benchmark at -3.6%.

How does it compare with other peer funds shown here?

The peer table shows only the current fund, so there is no separate peer return comparison available at this stage.

What is the minimum SIP amount?

The minimum SIP amount is not listed in the available facts, so it is not shown here.

What are the key portfolio and exit-load features?

The largest holding is ICICI Bank Ltd. at 7.43%, and the top 10 holdings together account for 43.09% of the portfolio. The exit load is 1% on or before 6 months and nil after 6 months.

Bottom line

SBI Quality Fund Direct Growth Plan is still early in its life, so the available record is more useful for judging short-term behaviour than for reading long-run consistency. The fund has recently held up better than its benchmark over 3 months, but the latest 1-month move remains weak and there is no longer return history yet. Its High Risk profile and concentrated top holdings mean it may suit investors who can handle uneven outcomes and want to back a quality-tilted equity approach with a longer horizon.

Published on 17 September 2026 at 2:56 PM IST

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RIA disclosure

Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.