
After underperforming in 2020 and 2021, SBI Equity Hybrid - the largest aggressive hybrid fund - was almost neck-and-neck with an average peer last year. Refer to the graph 'Fund's performance margin over category average'. A look at the fund's long-term performance record provides assurance. Reasons for Performance Some of its holdings - Divi's Laboratories Ltd, Infosys, Bajaj Finance, HCL Technologies - played spoil sports. We had spoken with R Srinivasan, the chief investment officer (CIO) of equities, who has been managing the fund's equity portion since 2012, said, "We've been middling, which is partly due to short-term underperformance in some of our top holdings. The debt component has also been a laggard. (But) we believe long-term perform
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