Stock valuations of players in the sector have turned cheaper after the last few years of underperformance, resulting in a drop in valuations of the sectoral index.
Gold prices in the domestic market hit an all-time high of Rs 43,250 late in February.
The five-year-old fund has beaten its benchmark S&P BSE 150 Midcap TRI over 1-, 3- and 5-year periods. Although it is the topper in one-year return, it lags peers in 3- and 5-year return.
SBI Focused Equity is a distinguished performer especially over the long term. Close to 63% of the scheme’s portfolio is invested in blue-chip and large-sized companies.