ReviewDirect · GrowthPrefer peers first
SBI Long Term Advantage Fund - Series IV
- NAV
- 45.553
- 29 Oct 2026
- 1Y
- -11.2%
- Trailing CAGR
- AUM
- ₹197.76 Cr
- 31 Aug 2026
- Volatility
- Medium
- 15.1% annualized
Buying brief
Should you add this fund?
Evidence on this desk, framed as a purchase checklist - not SEBI-registered advice.
As of 29 Oct 2026
Stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
In three lines
Watch if · Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
Watch if · Three-year return sits below the 25th percentile of comparable share classes.
Prefer peers if · Prefer ICICI Prudential R.I.G.H.T (Rewards of Investing & Generation of Healthy Tax-Savings) Fund if you want a same-category peer with stronger evidence.
Buy checklist
History depth
Pass
9.6 years of path to read.
Engine status
Fail
The live read flags issues. Inspect same-category alternatives before buying.
Expense ratio
n/a
TER not on file yet.
Drawdown vs peers
Pass
Peak-to-trough -34.4%. Ask whether you can hold through a similar fall.
Vs category
Pass
64% of rolling 3Y windows beat the category median, same plan and option.
Manager tenure
n/a
Manager not listed.
Exit load
n/a
No exit-load summary on file.
Tax / lock-in
Watch
ELSS locks each installment for 3 years. Useful only if 80C is open on the old regime - otherwise locked equity.
Portfolio concentration
Pass
Top 10 holdings ≈ 48.3% of the portfolio.
Browse category
Same-category peers are preloaded into compare when available.
Before you buy or SIP
Behaviour and wrappers - the usual India MF failure modes - not a buy instruction.
Drawdown rehearsal
This scheme’s worst fall on file is about 34%. Before you SIP, ask whether you would keep contributing through a similar drop - pausing on fear is the usual India MF failure mode.
SIP discipline
Review does not mean stop the SIP tomorrow - compare peers first. Stopping on a red label often locks in the worst path.
ELSS lock-in
Every installment locks for 3 years. Only useful if 80C is still open on the old regime - otherwise it is locked equity, not a tax cut.
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-11.2%
- 3Y+6.2%
- 5Y+7.9%
- 10Yn/a
- SI+17.2%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-13.6%
- 3Y-2.0%
- 5Y+5.5%
- 10Yn/a
- Since inception
- +17.2%
- Calendar-day CAGR
- Excess 1Y
- -8.5%
- Category median, same plan and option
- 3Y win rate
- +64%
- Windows beating the median
- 3Y percentile
- 0
- Vs comparable share classes
- SIP 3Y XIRR
- -2.0%
- Simulated monthly SIP
- Worst rolling 3Y
- +4.1%
- 1627 daily-ending windows
- Median rolling 3Y
- +21.3%
- Calendar-day CAGR
- Positive rolling 5Y
- +100%
- 1131 daily-ending windows
Drawdown
Peak to trough from a running NAV high, with the path and recovery episodes.
- Max drawdown
- -34.4%
- Worst peak-to-trough
- Current
- -15.9%
- Below last peak
- Current spell
- 766 days
- Days below latest peak
- Time below peak
- +87%
- NAV observations
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 12 days
- 106 recovered episodes
- Longest recovery
- 447 days
- Trough to prior peak
13 Feb 2020 – 26 Aug 2020
Trough 23 Mar 2020 · recovered in 156 days
-34.4%
23 Sept 2024 – open
Trough 7 Apr 2025 · not recovered
-21.0%
15 Jan 2018 – 30 Dec 2019
Trough 9 Oct 2018 · recovered in 447 days
-20.3%
12 Jan 2022 – 7 Sept 2022
Trough 20 Jun 2022 · recovered in 79 days
-15.6%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
0
Vs category
0
Consistency
65
Risk-adjusted
63
Drawdown
14
Mean
28
Decision
Quantitative engine reasons behind the buying stance. An explanation can only restate what is already here.
Review
Buying stance
Prefer peers first
The live read flags issues. Inspect same-category alternatives before buying.
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Three-year return sits below the 25th percentile of comparable share classes.
Supporting reads
- The fund beat the category median in 64% of rolling 3-year windows.
- Risk-adjusted return sits above the documented risk-free proxy.
Portfolio
31 Aug 2026 · 31 holdings · top 10 are 48.3%.
- Top 5
- 28.9%
- Top 10
- 48.3%
- Largest holding
- n/a
- Effective holdings
- n/a
Asset mix
Equity
97.7%
Cash
2.3%
Sectors
Financial
41.3%
Industrials
20.2%
Consumer Discretionary
14.1%
Materials
10.6%
Technology
10.2%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
28 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
27 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
26 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
19 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
16 Oct 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
24 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
23 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
22 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
21 Sept 2026
Worth investigating
Same-category peers with enough history to inspect beside this fund - including tradeoffs.
ICICI Prudential R.I.G.H.T (Rewards of Investing & Generation of Healthy Tax-Savings) Fund
ICICI Prudential Mutual Fund
- 1Y
- -7.0%
- 3Y
- +6.4%
- Vol
- 13.4%
- Max DD
- -23.3%
- Sharpe
- 0.67
- 3Y win
- +95%
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
SUNDARAM LONG TERM MICRO CAP TAX ADVANTAGE FUND SERIES IV
Sundaram Mutual Fund
- 1Y
- -3.1%
- 3Y
- +9.0%
- Vol
- 17.9%
- Max DD
- -61.7%
- Sharpe
- 0.39
- 3Y win
- +75%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Sundaram Long Term Tax Advantage Fund Series III
Sundaram Mutual Fund
- 1Y
- -1.6%
- 3Y
- +10.1%
- Vol
- 17.5%
- Max DD
- -50.8%
- Sharpe
- 0.47
- 3Y win
- +86%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
Sundaram Long Term Tax Advantage Fund Series IV
Sundaram Mutual Fund
- 1Y
- -2.2%
- 3Y
- +10.2%
- Vol
- 17.1%
- Max DD
- -42.3%
- Sharpe
- 0.62
- 3Y win
- +87%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown
UTI - Long Term Advantage Fund Series V
UTI Mutual Fund
- 1Y
- +77.5%
- 3Y
- +16.2%
- Vol
- 20.0%
- Max DD
- -48.0%
- Sharpe
- 0.24
- 3Y win
- +79%
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility · Deeper drawdown