SBI Comma Fund is a Thematic fund run by SBI Mutual Fund. On 30-09-2026, it managed ₹1,208 Cr of investors' money. In the 3 years to 30-10-2026, its Direct plan returned 13.6% a year and its Regular plan returned 12.9% a year. Its benchmark, Nifty Commodities TRI, returned 13.9% a year over the same 3 years.
NAV (Direct plan)
₹117.68
▼ 1.41% · 30-10-2026
NAV (Regular plan)
₹107.79
▼ 1.41% · 30-10-2026
Expense ratio
1.25%Direct2.30%Regular
1.25%
A year
Riskometer
Very High
Set by the fund house
3 year return
13.6%Direct12.9%Regular
13.6%
A year
SBI Comma Fund NAV Today
NAV on 30-10-2026: Direct Plan Growth ₹117.68 (down 1.41% that day); Regular Plan Growth ₹107.79 (down 1.41% that day).
This fund (Direct plan)
₹117.6825
SBI Comma Fund Returns vs Nifty Commodities TRI
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
Trailing returns
Period
1M
3M
6M
1Y
3Y
5Y
10Y
This fund (Direct)
−5.23%
−6.39%
−7.86%
−0.87%
+13.61%
+9.21%
+13.91%
This fund (Regular)
−5.31%
−6.62%
−8.23%
−1.63%
+12.86%
+8.55%
+13.15%
Nifty Commodities TRI
−3.63%
−8.43%
−11.83%
−4.47%
+13.89%
+10.66%
+12.90%
Thematic average
−2.09%
−4.52%
+0.86%
−1.22%
+13.76%
+11.62%
+13.76%
Best in Thematic
+11.54%
+11.27%
+22.16%
+75.71%
+54.78%
+21.14%
+19.31%
Worst in Thematic
−16.05%
−11.74%
−13.97%
−22.44%
−4.46%
+3.65%
+7.72%
Rank in Thematic
212/235
147/232
210/232
80/215
61/133
67/96
31/63
Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.
SBI Comma Fund Year-wise Returns
Return of each calendar year
Year
Direct
Regular
Nifty Commodities TRI
2026to date
−1.71%
−2.35%
−4.85%
2025
+13.08%
+12.32%
+18.42%
2024
+11.12%
+10.48%
+6.11%
2023
+33.02%
+32.33%
+30.65%
2022
−6.07%
−6.56%
+8.67%
2021
+52.94%
+52.00%
+49.79%
SBI Comma Fund Rolling Returns
The return of every holding period in the fund's history, not only the one that ends today
Rolling returns
Each point is the yearly return of one 3-year holding period, plotted on the day it ended. There are 2,672 periods, one for each trading day from 07-01-2016 to 30-10-2026.
−20%−10%0%10%20%30%40%
SBI Comma Fund (Direct)
Nifty Commodities TRI
Nov 2013 to Nov 2016Sept 2015 to Sept 2018Jul 2017 to Jul 2020May 2019 to May 2022Mar 2021 to Mar 2024Dec 2022 to Dec 2025
SBI Comma Fund (Direct)Nifty Commodities TRI
2%
9%
Below 0%
8%
5%
0-5%
10%
9%
5-10%
15%
19%
10-15%
29%
29%
15-20%
25%
19%
20-25%
12%
11%
Above 25%
Every holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
3,160
13.1%
−26.8%
115.7%
27%
10.9%
58%
2 years
2,918
15.5%
−16.5%
69.3%
9%
13.4%
62%
3 years
2,672
17.4%
−8.1%
35.5%
2%
16.0%
65%
5 years
2,178
16.3%
2.0%
30.8%
0%
14.0%
78%
7 years
1,690
16.3%
6.0%
21.2%
0%
14.5%
98%
10 years
945
16.2%
12.7%
19.8%
0%
14.7%
100%
Every SIP holding period at a glance
Period
Periods
Median
Lowest
Highest
With a loss
Benchmark median
Beat benchmark
1 year
154
15.0%
−41.5%
99.5%
27%
12.5%
56%
2 years
142
13.3%
−23.6%
65.3%
15%
12.4%
64%
3 years
130
16.9%
−17.5%
44.6%
5%
16.9%
60%
5 years
106
16.2%
−4.5%
27.6%
1%
16.8%
58%
7 years
82
17.8%
1.1%
23.4%
0%
17.3%
62%
10 years
46
16.8%
14.0%
20.4%
0%
16.3%
83%
Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty Commodities TRI over the same days. Past returns do not promise future returns.
SBI Comma Fund Risk
How much it swings, and the falls an investor had to sit through
Risk and return
Measure
SBI Comma Fund (Direct)This fund
Nifty Commodities TRI
Return (CAGR)
−0.87%
−4.47%
Standard deviation
14.79%
16.44%
Sharpe ratio
-0.41
-0.59
Sortino ratio
-0.54
-0.77
Maximum drawdown
−10.8%
(23-10-2026)
−15.7%
(23-10-2026)
Beta
0.86
1.00
Alpha
+2.28%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Comma Fund (Direct)This fund
Nifty Commodities TRI
Return (CAGR)
+13.61%
+13.89%
Standard deviation
17.91%
18.37%
Sharpe ratio
0.42
0.43
Sortino ratio
0.56
0.57
Maximum drawdown
−21.9%
(28-02-2025)
−22.4%
(13-01-2025)
Beta
0.93
1.00
Alpha
+0.30%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Comma Fund (Direct)This fund
Nifty Commodities TRI
Return (CAGR)
+9.21%
+10.66%
Standard deviation
17.69%
18.29%
Sharpe ratio
0.19
0.27
Sortino ratio
0.25
0.35
Maximum drawdown
−26.3%
(20-06-2022)
−24.4%
(22-06-2022)
Beta
0.91
1.00
Alpha
−1.00%
0.00%
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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Comma Fund (Direct)This fund
Nifty Commodities TRI
Return (CAGR)
+13.91%
+12.90%
Standard deviation
18.27%
19.81%
Sharpe ratio
0.47
0.38
Sortino ratio
0.63
0.51
Maximum drawdown
−40.8%
(23-03-2020)
−47.3%
(23-03-2020)
Beta
0.86
1.00
Alpha
+2.02%
0.00%
From daily NAVs, 28-10-2016 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
Measure
SBI Comma Fund (Direct)This fund
Nifty Commodities TRI
Return (CAGR)
+13.00%
+11.37%
Standard deviation
18.22%
19.65%
Sharpe ratio
0.38
0.27
Sortino ratio
0.52
0.37
Maximum drawdown
−40.8%
(23-03-2020)
−47.3%
(23-03-2020)
Beta
0.87
1.00
Alpha
+2.34%
0.00%
From daily NAVs, 07-01-2013 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: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.
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.
−50%−40%−30%−20%−10%0%
SBI Comma Fund (Direct)
Nifty Commodities TRI
2014201620182020202220242026
SBI Comma Fund (Direct)Nifty Commodities TRI
Worst fall
High before it
Bottom
Back at the high
Time to climb back
Below its high today
SBI Comma Fund (Direct)
−40.8%
12-01-2018
23-03-2020
17-11-2020
8 months
−9.9%
Nifty Commodities TRI
−47.3%
09-01-2018
23-03-2020
07-01-2021
10 months
−14.1%
From the Direct plan's daily NAV since 07-01-2013, adjusted for unit splits, and Nifty Commodities TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.
SBI Comma Fund vs Other Thematic Funds
The five Thematic funds with the best three year return, and this fund. Direct plans.
AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.
SBI Comma Fund Expense Ratio and Costs
What each plan charges a year, in force from 21-10-2026
Plan
Base expense ratio
Brokerage
Transaction costs
Levies and GST
Total expense ratio
Thematic median
Cost rank (1 = cheapest)
Direct
0.96%
0.03%
0.00%
0.26%
1.25%
1.18%
135/235
Regular
1.88%
0.03%
0.00%
0.39%
2.30%
2.41%
93/235
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, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.
Direct vs Regular: what the gap cost
Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.
Over the last
Regular
Direct
Direct earned more by
₹1 lakh became (Regular)
₹1 lakh became (Direct)
1 year
−1.63%
−0.87%
0.76%
₹98,370
₹99,130
3 years
12.86%
13.61%
0.75% a year
₹1,43,754
₹1,46,639
5 years
8.55%
9.21%
0.66% a year
₹1,50,712
₹1,55,350
10 years
13.15%
13.91%
0.76% a year
₹3,43,990
₹3,67,806
Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.
SBI Comma Fund SIP Calculator
What a one-time or monthly investment in this fund would be worth today, from its own NAV history
Growth of an investment
Step up each year
PeriodFor
₹10,000 on the first trading day of every month, from 07-01-2013 to 30-10-2026: 166 instalments, ₹16,60,000 in all.
Direct planSBI Comma Fund (Direct)Regular planSBI Comma Fund (Regular)Nifty Commodities TRICategory averageCategory average, 235 Thematic fundsAmount invested
From each plan's published NAV (Growth option), the benchmark's TRI and the category average, 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 Comma Fund Asset Allocation
Asset allocation as on 30-09-2026
What the fund holds
91.0%Equity
Asset
Fund
Category
Equity
91.0%
94.5%
Cash and others
8.7%
4.0%
Debt
0.3%
1.5%
Market cap of stocks
Market cap
Fund
Category
Large Cap
36.5%
45.7%
Mid Cap
15.9%
19.6%
Small Cap
37.3%
24.1%
Not on AMFI's list
1.4%
2.3%
Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
SBI Comma Fund Sector Allocation
Sector allocation of the fund's stocks as on 30-09-2026
Largest sectors
Ferrous Metals14.5%
Chemicals & Petrochemicals11.3%
Power8.6%
Cement & Cement Products8.3%
Textiles & Apparels8.1%
Oil7.2%
Non - Ferrous Metals6.4%
Fertilizers & Agrochemicals5.8%
Petroleum Products5.2%
Industrial Products4.0%
The ten largest of 16 sectors. The other 6 add up to 11.7%.
Sector changes
Sector
July 2026
August 2026
September 2026
Change
Ferrous Metals
18.3%
16.5%
14.5%
−3.8%
Chemicals & Petrochemicals
10.2%
13.9%
11.3%
+1.2%
Power
10.1%
8.8%
8.6%
−1.5%
Cement & Cement Products
9.4%
8.5%
8.3%
−1.1%
Textiles & Apparels
8.7%
8.4%
8.1%
−0.6%
Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.
SBI Comma Fund Portfolio Holdings
As on 30-09-2026 · 41 holdings · from the fund house's monthly portfolio
Holdings
Sector / Rating
Weight%
Holdings trend
1M change
Sudeep Pharma Ltd.
Chemicals & Petrochemicals
6.86%
−0.1%
Tata Steel Ltd.
Ferrous Metals
6.52%
0.0%
JSW Steel Ltd.
Ferrous Metals
5.19%
0.0%
Oil & Natural Gas Corporation Ltd.
Oil
4.24%
0.0%
CESC Ltd.
Power
3.51%
0.0%
Arvind Ltd.
Textiles & Apparels
3.40%
0.0%
Gokaldas Exports Ltd.
Textiles & Apparels
3.32%
0.0%
Ultratech Cement Ltd.
Cement & Cement Products
3.08%
0.0%
Vedanta Aluminium Metal Ltd.
Non - Ferrous Metals
2.96%
+53.1%
Oil India Ltd.
Oil
2.92%
0.0%
NMDC Ltd.
Minerals & Mining
2.62%
0.0%
Clean Science & Technology Ltd.
Chemicals & Petrochemicals
2.59%
0.0%
UPL Ltd.
Fertilizers & Agrochemicals
2.41%
0.0%
Coal India Ltd.
Consumable Fuels
2.29%
0.0%
Paradeep Phosphates Ltd.
Fertilizers & Agrochemicals
2.17%
0.0%
JSW Cement Ltd.
Cement & Cement Products
2.09%
0.0%
Power Grid Corporation of India Ltd.
Power
2.01%
0.0%
Shyam Metalics and Energy Ltd.
Industrial Products
2.01%
0.0%
Jindal Stainless Ltd.
Ferrous Metals
1.96%
0.0%
CMR Green Technologies Ltd.
Industrial Products
1.94%
0.0%
Balrampur Chini Mills Ltd.
Agricultural Food & other Products
1.92%
0.0%
Deepak Nitrite Ltd.
Chemicals & Petrochemicals
1.90%
0.0%
Reliance Industries Ltd.
Petroleum Products
1.80%
0.0%
Hindustan Petroleum Corporation Ltd.
Petroleum Products
1.74%
0.0%
Hindustan Zinc Ltd.
Non - Ferrous Metals
1.73%
0.0%
Hindalco Industries Ltd.
Non - Ferrous Metals
1.70%
0.0%
Indian Oil Corporation Ltd.
Petroleum Products
1.68%
0.0%
Nuvoco Vistas Corporation Ltd.
Cement & Cement Products
1.68%
0.0%
NHPC Ltd.
Power
1.63%
0.0%
GAIL (India) Ltd.
Gas
1.55%
0.0%
Indian Energy Exchange Ltd.
Capital Markets
1.46%
0.0%
Kusumgar Ltd.
Textiles & Apparels
1.37%
0.0%
Torrent Power Ltd.
Power
1.34%
0.0%
Coromandel International Ltd.
Fertilizers & Agrochemicals
1.24%
0.0%
CCL Products (India) Ltd.
Agricultural Food & other Products
1.14%
0.0%
Ambuja Cements Ltd.
Cement & Cement Products
1.01%
0.0%
NMDC Steel Ltd.
Ferrous Metals
0.79%
0.0%
Vedanta Ltd.
Diversified Metals
0.70%
0.0%
Sagar Cements Ltd.
Cement & Cement Products
0.45%
0.0%
364 DAY T-BILL 19.11.26 · Treasury bill
Sovereign
0.25%
Vedanta Power Ltd.
Power
0.09%
0.0%
SBI Comma Fund Stocks Bought and Sold
All changes are between August 2026 and September 2026
More
Stocks bought and sold in September 2026
Sudeep Pharma Ltd.
↓Reduced
−0.1%
6.86%
Vedanta Aluminium Metal Ltd.
↑Added
+53.1%
2.96%
Neogen Chemicals Ltd.
↓Sold out
−100%
was 2.40%
Steel Authority of India Ltd.
↓Sold out
−100%
was 2.13%
No stocks in this group for September 2026.
A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.
Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.
SBI Comma Fund Overview
Fund facts from the scheme summary document, as on 16-10-2026
Expense ratio (Direct)
1.25%
Expense ratio (Regular)
2.30%
Category
Thematic
Risk
Very High
Benchmark
Nifty Commodities TRI
Launch date
08-08-2005
Minimum investment
₹5,000
Minimum additional investment
₹1,000
AUM
₹1,207.96 Cr (30-09-2026)
Lock in
None
Scheme code (Direct)
119705
ISIN (Direct)
INF200K01SB6
Scheme code (Regular)
103145
ISIN (Regular)
INF200K01339
NAV history
From 07-01-2013, 13.8 years
Exit load
Exit load of 0.50% if redeemed within 30 days.
Tax on SBI Comma Fund returns
SBI Comma Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.
Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.
All plans and options
Plan
Option
NAV
As on
direct
Growth
₹117.6825
30-10-2026
direct
IDCW
₹66.9668
30-10-2026
regular
Growth
₹107.7875
30-10-2026
regular
IDCW
₹61.1811
30-10-2026
About SBI Comma Fund
SBI Comma Fund is a mutual fund from SBI Mutual Fund. Its category is Thematic. It was launched on 08-08-2005. Its benchmark is Nifty Commodities TRI. At the end of September 2026 it held 41 securities.
The Direct plan NAV is ₹117.6825. The Regular plan NAV is ₹107.7875, as on 30-10-2026.
What are the returns of SBI Comma Fund?
The Direct plan returned −0.87% in 1 year, +13.61% a year over 3 years, +9.21% a year over 5 years. The Regular plan returned −1.63% in 1 year, +12.86% a year over 3 years, +8.55% a year over 5 years. These figures are as on 30-10-2026.
What is the expense ratio of SBI Comma Fund?
The Direct plan charges 1.25% a year. The Regular plan charges 2.30% a year. This is the figure the fund house reported to AMFI, in force from 21-10-2026.
What is the AUM of SBI Comma Fund?
SBI Comma Fund managed ₹1,207.96 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.
What are the top holdings of SBI Comma Fund?
At the end of September 2026 the largest holdings were SUDEEPPHRM (6.86%), TATASTEEL (6.52%), JSWSTEEL (5.19%), ONGC (4.24%), CESC (3.51%). The fund held 41 securities in all.
What did SBI Comma Fund buy and sell in September 2026?
It sold out of 2: Steel Authority of India Ltd, Neogen Chemicals Ltd. It added shares in 1. It reduced 1.
How do I invest in SBI Comma Fund?
Through SBI Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹5,000. You can invest once or through a monthly SIP.
Who is the fund manager of SBI Comma Fund?
Dinesh Balachandran (since 01-06-2024).
Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.
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.
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