SBI ESG Exclusionary Strategy Fund vs SBI Retirement Benefit Fund - Aggressive Plan
Direct Plan, Growth option · Data as on 30-10-2026
SBI ESG Exclusionary Strategy Fund is a Thematic fund and SBI Retirement Benefit Fund - Aggressive Plan is a Solution fund. In the 3 years to 30-10-2026, SBI ESG Exclusionary Strategy Fund (Direct) returned 9.0% a year and SBI Retirement Benefit Fund - Aggressive Plan (Direct) returned 8.3% a year. SBI ESG Exclusionary Strategy Fund charges 1.47% a year and SBI Retirement Benefit Fund - Aggressive Plan 1.14% (Direct plans). Their portfolios overlap 66.7%: they hold 34 of the same securities.
SBI ESG Exclusionary Strategy Fund
Thematic
- 3 year return
- 9.0%
- Expense ratio
- 1.47%
- NAV
- ₹251.86
SBI Retirement Benefit Fund - Aggressive Plan
Solution
- 3 year return
- 8.3%
- Expense ratio
- 1.14%
- NAV
- ₹20.68
Which is better, SBI ESG Exclusionary Strategy or SBI Retirement Benefit Fund - Aggressive Plan? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- SBI Retirement Benefit Fund - Aggressive Plan returned more over 5 years: 9.7% a year against 6.9%.
- SBI ESG Exclusionary Strategy returned more over 3 years: 9.0% a year against 8.3%.
- SBI Retirement Benefit Fund - Aggressive Plan costs less: 1.14% a year against 1.47% (Direct plans).
- SBI Retirement Benefit Fund - Aggressive Plan swung less over 3 years: a standard deviation of 13.1% a year against 13.2%.
- SBI Retirement Benefit Fund - Aggressive Plan fell less in its worst fall since 17-02-2021: −17.9% against −19.5%.
- SBI ESG Exclusionary Strategy holds more in large companies: 65.7% of the fund in large caps against 46.3%.
- SBI ESG Exclusionary Strategy is the larger fund: ₹4,984 Cr against ₹3,066 Cr.
- Their portfolios overlap 66.7%: 34 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | SBI ESG Exclusionary Strategy Fund | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Fund house | SBI Mutual Fund | SBI Mutual Fund |
| Category | Thematic | Solution |
| AUM | ₹4,984 Cr (30-09-2026) | ₹3,066 Cr (30-09-2026) |
| NAV | ₹251.86 (Direct) | ₹20.68 (Direct) |
| Expense ratio (Direct) | 1.47% | 1.14% |
| Expense ratio (Regular) | 2.02% | 2.10% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 100 ESG TRI | BSE 500 TRI |
| Launch date | 01-01-1991 | 10-02-2021 |
| Minimum investment | ₹1,000 | ₹5,000 |
| Lock in | None | 5 years, or until retirement if earlier |
| Fund managers | Rohit Shimpi | Ardhendu Bhattacharya, Rohit Shimpi |
| Exit load | Exit load of 1% if redeemed within 1 year | Nil |
SBI ESG Exclusionary Strategy vs SBI Retirement Benefit Fund - Aggressive Plan: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| SBI ESG Exclusionary Strategy Fund (Direct) | +0.78% | −5.24% | −0.94% | −6.69% | +8.99% | +6.93% | +11.32% |
| SBI Retirement Benefit Fund - Aggressive Plan (Direct) | −1.40% | −4.07% | +0.07% | −5.24% | +8.29% | +9.65% | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | +11.62% | +13.76% |
Category average: the average of the 235 Thematic funds, same plan type.
SBI ESG Exclusionary Strategy vs SBI Retirement Benefit Fund - Aggressive Plan: Year-wise Returns
| Year | ESG Exclusionary StrategySBI ESG Exclusionary Strategy | Retirement Benefit Fund - Aggressive PlanSBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| 2026to date | −6.96% | −4.92% |
| 2025 | +8.06% | +6.18% |
| 2024 | +12.84% | +11.72% |
| 2023 | +25.44% | +28.29% |
| 2022 | −1.68% | +9.22% |
| 2021 | +31.35% | -- |
SBI ESG Exclusionary Strategy vs SBI Retirement Benefit Fund - Aggressive Plan: Rolling Returns
Every holding period of both funds, against NIFTY100 ESG TRI, the benchmark of SBI ESG Exclusionary Strategy Fund
Rolling returns
Every 3-year holding period, 673 of them, one for each trading day from 19-02-2024 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
SBI ESG Exclusionary Strategy Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
NIFTY100 ESG TRI
to
May 2024Oct 2021
to
Oct 2024Apr 2022
to
Apr 2025Sept 2022
to
Sept 2025Mar 2023
to
Mar 2026Aug 2023
to
Aug 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SBI ESG Exclusionary Strategy | 0.0 | 0.0 | 7.1 | 57.9 | 34.9 | 0.0 | 0.0 | 13.8% | 14.1% | 6.9% | 20.0% | 57% |
| SBI Retirement Benefit Fund - Aggressive Plan | 0.0 | 0.0 | 8.3 | 40.7 | 25.4 | 25.6 | 0.0 | 16.0% | 15.1% | 6.9% | 24.1% | 63% |
| NIFTY100 ESG TRI | 0.0 | 0.0 | 7.7 | 57.2 | 35.1 | 0.0 | 0.0 | 13.7% | 14.2% | 7.9% | 19.2% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is NIFTY100 ESG TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 17-02-2021. Past returns do not promise future returns.
SBI ESG Exclusionary Strategy vs SBI Retirement Benefit Fund - Aggressive Plan: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-02-2021 to 30-10-2026: 69 instalments, ₹6,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| SBI ESG Exclusionary StrategySBI ESG Exclusionary Strategy Fund (Direct) | ₹6,90,000 | ₹8,52,106 | ₹1,62,106 | 7.3% |
| SBI Retirement Benefit Fund - Aggressive PlanSBI Retirement Benefit Fund - Aggressive Plan (Direct) | ₹6,90,000 | ₹8,89,149 | ₹1,99,149 | 8.7% |
SBI ESG Exclusionary StrategySBI ESG Exclusionary Strategy Fund (Direct)
SBI Retirement Benefit Fund - Aggressive PlanSBI Retirement Benefit Fund - Aggressive Plan (Direct)
Amount invested
From each plan's published NAV (Growth option), over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.
SBI ESG Exclusionary Strategy vs SBI Retirement Benefit Fund - Aggressive Plan: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | SBI ESG Exclusionary Strategy Fund (Direct) | SBI Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | −6.69% | −5.24% |
| Standard deviation | 14.63% | 14.39% |
| Sharpe ratio | -0.82 | -0.73 |
| Sortino ratio | -1.10 | -0.99 |
| Maximum drawdown | −15.5% (31-03-2026) | −14.9% (31-03-2026) |
| Beta | 0.99 | 0.98 |
| Alpha | −1.05% | +2.15% |
From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | SBI ESG Exclusionary Strategy Fund (Direct) | SBI Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | +8.99% | +8.29% |
| Standard deviation | 13.24% | 13.06% |
| Sharpe ratio | 0.22 | 0.17 |
| Sortino ratio | 0.31 | 0.24 |
| Maximum drawdown | −16.0% (07-04-2025) | −17.9% (07-04-2025) |
| Beta | 0.92 | 0.89 |
| Alpha | −1.20% | −1.16% |
From daily NAVs, 30-10-2023 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | SBI ESG Exclusionary Strategy Fund (Direct) | SBI Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | +6.93% | +9.65% |
| Standard deviation | 13.64% | 13.05% |
| Sharpe ratio | 0.08 | 0.29 |
| Sortino ratio | 0.11 | 0.40 |
| Maximum drawdown | −19.5% (17-06-2022) | −17.9% (07-04-2025) |
| Beta | 0.93 | 0.87 |
| Alpha | −0.09% | +1.35% |
From daily NAVs, 29-10-2021 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
| Measure | SBI ESG Exclusionary Strategy Fund (Direct) | SBI Retirement Benefit Fund - Aggressive Plan (Direct) |
|---|---|---|
| Return (CAGR) | +12.66% | +13.31% |
| Standard deviation | 15.48% | 12.93% |
| Sharpe ratio | 0.43 | 0.61 |
| Sortino ratio | 0.59 | 0.83 |
| Maximum drawdown | −36.7% (23-03-2020) | −17.9% (07-04-2025) |
| Beta | -- | 0.86 |
| Alpha | -- | +2.90% |
From daily NAVs, 02-01-2013 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
SBI ESG Exclusionary Strategy Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
NIFTY100 ESG TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| SBI ESG Exclusionary Strategy Fund (Direct) | −19.5% | 17-01-2022 | 17-06-2022 | 07-06-2023 | 12 months | −8.1% |
| SBI Retirement Benefit Fund - Aggressive Plan (Direct) | −17.9% | 26-09-2024 | 07-04-2025 | Not yet | -- | −8.0% |
| NIFTY100 ESG TRI | −19.9% | 17-01-2022 | 17-06-2022 | 14-07-2023 | 13 months | −8.8% |
From daily values since 17-02-2021, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI ESG Exclusionary Strategy Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
NIFTY100 ESG TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 3-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI ESG Exclusionary Strategy Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
NIFTY100 ESG TRI
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 5-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
SBI ESG Exclusionary Strategy Fund (Direct)
SBI Retirement Benefit Fund - Aggressive Plan (Direct)
NIFTY100 ESG TRI
Against NIFTY100 ESG TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| SBI ESG Exclusionary Strategy Fund (Direct) | 90% | 84% | 4.31% |
| SBI Retirement Benefit Fund - Aggressive Plan (Direct) | 94% | 70% | 6.17% |
From month-end values since 17-02-2021. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
SBI ESG Exclusionary Strategy vs SBI Retirement Benefit Fund - Aggressive Plan: Portfolio Overlap
From each fund's latest monthly portfolio: SBI ESG Exclusionary Strategy Fund, September 2026; SBI Retirement Benefit Fund - Aggressive Plan, September 2026
Holdings in common
- Overlap
- 66.7%
- Held by both
- 34
- Only in SBI ESG Exclusionary Strategy
- 11
- Only in SBI Retirement Benefit Fund - Aggressive Plan
- 22
| Security | % of SBI ESG Exclusionary Strategy | % of SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| HDFC Bank Ltd. | 7.66% | 6.13% |
| ICICI Bank Ltd. | 8.50% | 5.63% |
| Larsen & Toubro Ltd. | 4.19% | 3.86% |
| State Bank of India | 3.85% | 3.61% |
| Maruti Suzuki India Ltd. | 3.70% | 2.95% |
| Kotak Mahindra Bank Ltd. | 4.32% | 2.67% |
| Ultratech Cement Ltd. | 2.79% | 2.58% |
| Lenskart Solutions Ltd. | 2.31% | 2.26% |
| Bajaj Finance Ltd. | 4.04% | 2.24% |
| TVS Motor Company Ltd. | 3.20% | 2.10% |
| Divi's Laboratories Ltd. | 2.42% | 2.09% |
| Hyundai Motor India Ltd. | 2.08% | 1.92% |
| Central Depository Services (I) Ltd. | 1.95% | 1.88% |
| Sona Blw Precision Forgings Ltd. | 1.90% | 1.75% |
| JSW Cement Ltd. | 1.82% | 1.75% |
| Timken India Ltd. | 1.74% | 1.95% |
| FSN E-Commerce Ventures Ltd. | 1.58% | 1.59% |
| Asian Paints Ltd. | 2.89% | 1.49% |
| ABB India Ltd. | 1.97% | 1.48% |
| Tech Mahindra Ltd. | 3.23% | 1.47% |
| Schaeffler India Ltd. | 1.45% | 1.88% |
| The Indian Hotels Company Ltd. | 1.76% | 1.43% |
| Pidilite Industries Ltd. | 2.05% | 1.29% |
| Thermax Ltd. | 1.26% | 1.17% |
| Oberoi Realty Ltd. | 1.53% | 1.14% |
| Honeywell Automation India Ltd. | 1.14% | 1.12% |
| Godrej Properties Ltd. | 1.13% | 1.09% |
| Coforge Ltd. | 1.05% | 1.34% |
| Jubilant Foodworks Ltd. | 1.04% | 1.41% |
| Berger Paints India Ltd. | 1.01% | 1.01% |
| Biocon Ltd. | 0.97% | 0.97% |
| LTM Ltd. | 2.19% | 0.96% |
| Page Industries Ltd. | 1.10% | 0.94% |
| Voltas Ltd. | 0.90% | 0.92% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 66.7% means 66.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in SBI ESG Exclusionary Strategy Fund
| Security | % of fund |
|---|---|
| JSW Steel Ltd. | 3.09% |
| Siemens Ltd. | 2.18% |
| Britannia Industries Ltd. | 1.31% |
| Mankind Pharma Ltd. | 1.26% |
| L&T Technology Services Ltd. | 1.07% |
Largest holdings only in SBI Retirement Benefit Fund - Aggressive Plan
| Security | % of fund |
|---|---|
| Urban Company Ltd. | 2.39% |
| JSW Infrastructure Ltd. | 2.32% |
| Anthem Biosciences Ltd. | 2.08% |
| Corona Remedies Ltd. | 2.07% |
| Navin Fluorine International Ltd. | 1.96% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | SBI ESG Exclusionary Strategy | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Equity | 98.8% | 95.3% |
| Debt | 0.1% | 0.2% |
| Cash and others | 1.1% | 4.5% |
Market cap of stocks
| Market cap | SBI ESG Exclusionary Strategy | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Large Cap | 65.7% | 46.3% |
| Mid Cap | 20.3% | 23.9% |
| Small Cap | 12.8% | 23.4% |
| Not on AMFI's list | 0.0% | 1.8% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | SBI ESG Exclusionary Strategy | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Banks | 24.3% | 18.0% |
| Automobiles | 9.0% | 7.0% |
| Pharmaceuticals & Biotechnology | 4.7% | 7.2% |
| IT - Software | 6.5% | 3.8% |
| Retailing | 3.9% | 6.2% |
| Electrical Equipment | 5.4% | 2.6% |
| Realty | 3.7% | 5.3% |
| Auto Components | 4.4% | 5.0% |
| Consumer Durables | 4.8% | 3.7% |
The six largest sectors of each fund's stocks, % of the fund.
SBI ESG Exclusionary Strategy vs SBI Retirement Benefit Fund - Aggressive Plan: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | SBI ESG Exclusionary Strategy Fund | SBI Retirement Benefit Fund - Aggressive Plan |
|---|---|---|
| Total expense ratio (Direct) | 1.47% | 1.14% |
| Base expense ratio (Direct) | 1.13% | 0.85% |
| Total expense ratio (Regular) | 2.02% | 2.10% |
| Base expense ratio (Regular) | 1.60% | 1.68% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Compare SBI ESG Exclusionary Strategy with
SBI ESG Exclusionary Strategy Fund vs SBI Retirement Benefit Fund - Aggressive Plan: Frequently Asked Questions
What is the difference between SBI ESG Exclusionary Strategy Fund and SBI Retirement Benefit Fund - Aggressive Plan?
SBI ESG Exclusionary Strategy Fund is a Thematic fund, SBI Retirement Benefit Fund - Aggressive Plan is a Solution fund, run by SBI Mutual Fund. Their portfolios overlap 66.7%. SBI ESG Exclusionary Strategy Fund charges 1.47% a year and SBI Retirement Benefit Fund - Aggressive Plan 1.14%.
Which has given higher returns, SBI ESG Exclusionary Strategy Fund or SBI Retirement Benefit Fund - Aggressive Plan?
Over 1 year: SBI ESG Exclusionary Strategy Fund −6.69%, SBI Retirement Benefit Fund - Aggressive Plan −5.24%. Over 3 years: SBI ESG Exclusionary Strategy Fund +8.99% a year, SBI Retirement Benefit Fund - Aggressive Plan +8.29% a year. Over 5 years: SBI ESG Exclusionary Strategy Fund +6.93% a year, SBI Retirement Benefit Fund - Aggressive Plan +9.65% a year. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, SBI ESG Exclusionary Strategy Fund or SBI Retirement Benefit Fund - Aggressive Plan?
SBI Retirement Benefit Fund - Aggressive Plan charges less: 1.14% a year against 1.47%. These are the Direct plans' total expense ratios reported to AMFI.
How much do SBI ESG Exclusionary Strategy Fund and SBI Retirement Benefit Fund - Aggressive Plan overlap?
66.7%. They hold 34 of the same securities, the largest shared ones being HDFCBANK, ICICIBANK, LT. From each fund's latest monthly portfolio.
Which is riskier, SBI ESG Exclusionary Strategy Fund or SBI Retirement Benefit Fund - Aggressive Plan?
On SEBI's riskometer, SBI ESG Exclusionary Strategy Fund is rated Very High and SBI Retirement Benefit Fund - Aggressive Plan Very High. Over 3 years, the standard deviation of daily returns was 13.24% and 13.06% a year.
Which is better for SIP, SBI ESG Exclusionary Strategy Fund or SBI Retirement Benefit Fund - Aggressive Plan?
Over the last 5 years, a monthly SIP of ₹10,000 from 01-10-2021 to 30-10-2026 grew to ₹7,19,259 in SBI ESG Exclusionary Strategy Fund (XIRR 6.4% a year) and ₹7,36,576 in SBI Retirement Benefit Fund - Aggressive Plan (XIRR 7.4% a year). Both received 61 instalments. Past returns do not promise future returns.
Can I invest in both SBI ESG Exclusionary Strategy Fund and SBI Retirement Benefit Fund - Aggressive Plan?
Yes. 66.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages SBI ESG Exclusionary Strategy Fund and SBI Retirement Benefit Fund - Aggressive Plan?
SBI ESG Exclusionary Strategy Fund: Rohit Shimpi. SBI Retirement Benefit Fund - Aggressive Plan: Ardhendu Bhattacharya, Rohit Shimpi.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.