The SBI resurgence: The mutual funds that struck gold and lost out

Let's explore which mutual funds rode on the success of SBI and which ones missed out

The SBI resurgence: The mutual funds that struck gold and lost out

With the State Bank of India finally finding its mojo this year - zooming nearly 30 per cent this year - let's look at which mutual funds piggybacked on its success or missed the bus.

The opportunists
These mutual fund houses had zero holding in 2020, especially when the bank's fortunes nosedived when COVID struck.

But they started investing in 2021 and increased their stakes this year to strike when the iron was hot, take advantage of SBI's resurgence. Quant Focused Fund was the most notable in this category.

For these funds, timing was everything.

The loyalists
Twenty mutual fund schemes never lost hope in SBI.

Not when the bank was moving sideways between 2014 and 2019; not when the bank delivered lukewarm returns in the red-hot years of 2020 and 2021; and definitely not when COVID spread wintry pessimism in the early part of 2020.

Mirae Asset needs to be especially lauded for their unwavering patience and having a consistently high stake in SBI over the last decade.

For these funds,their long-term conviction finally paid off. All's well that ends well.

The anti-climactic
Then there were funds like DSP that stayed invested during SBI's dark times, but by the time the bank finally broke free this year, the fund had zero stake in it. One word: cruel.

Other Categories