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Fund manager · SBI

Dinesh Balachandran

Fund Manager, Head – Investments, Head of Research (Equity) at SBI. Runs 6 schemes worth ₹1,60,000 Cr.

  • Fund house

    SBIThey run their schemes at SBI.

  • AUM they run

    ₹1,60,000 CrThe AUM of the schemes they run, as main or co-manager, at the latest month's end, as AMFI reports it. A scheme two people run counts for both.

  • Schemes

    6 now · 0 beforeSchemes they run now, as main or co-manager, and ones they ran before, since Jul 2026.

  • Experience

    23 years23 years

Profile(SBI's SAI, 30 Jun 2026)

About

Role
Fund Manager, Head – Investments, Head of Research (Equity)
Studied
B. Tech (IIT-B), M. S. (MIT, USA), CFA Charter holder
Age
48 years
Experience
23 years

Schemes now6

  1. SBI Contra Fund₹45,068 Cr
  2. SBI Balanced Advantage Fund₹40,545 Cr
  3. SBI ELSS Tax Saver Fund₹30,027 Cr
  4. SBI Flexicap Fund₹22,109 Cr
  5. SBI Multi Asset Allocation Fund₹21,044 Cr
  6. SBI Comma Fund₹1,208 Cr

AUM they run(Feb 2019 – Sept 2026)

AUM at month end each month, and its change on the month before
12 months₹ CrChange
Sept 20261,60,000−3.9%
Aug 20261,66,533−0.4%
Jul 20261,67,133+2.0%
Jun 20261,63,903+2.0%
May 20261,60,704+0.2%
Apr 20261,60,328+8.0%
Mar 20261,48,397−8.9%
Feb 20261,62,806+1.9%
Jan 20261,59,718−0.2%
Dec 20251,60,071+1.4%
Nov 20251,57,853+1.9%
Oct 20251,54,933+4.1%
AUM at month end, Sept 2026
₹1,60,000 Cr
+3.3% since Oct 2025
Fig. 1.The AUM of the schemes Dinesh Balachandran ran at each month's end, each only in the months they ran it, ₹ crore. A scheme two people run counts in full for both. Source: AMFI.

Schemes over time(Sept 2016 – now)

  1. ELSS Tax Saver Fund
  2. Contra Fund
  3. Balanced Advantage Fund
  4. Multi Asset Allocation Fund
  5. Comma Fund
  6. Flexicap Fund
SBI20172019202120232025
Fig. 1.The schemes they ran when, the oldest first: each from the date its fund house gives, or the first document listing them where it gives none, to when they left, coloured by fund house.

Schemes(Sept 2016 – now)

SBI

6 now · since Sept 2016
  1. SBI Contra Fund
    Fund managerMay 2018—8y 6m₹45,068 CrContraTER 0.61%

Source.Each scheme's Scheme Summary Document at AMFI and its filings at NSE.

Performance(6 schemes)

Growth · Direct plans

Return as manager
+10.59%
Beat peers
4 of 6
vs peers
+0.37 pt
Longest run
10.1 years
Beat benchmark
Upcoming
Each scheme Dinesh Balachandran ran, against its peers and benchmark over the same months. Source: AMFI. Click a column's header to sort by it.
SBI ELSS Tax Saver Fund
Sep '16–now · 10.1y
+13.38%+13.30%+0.07 pt––
SBI Contra Fund
May '18–now · 8.5y
+14.72%+14.06%+0.66 pt––
SBI Balanced Advantage Fund
Sep '21–now · 5.1y
+9.53%+8.57%+0.96 pt––
SBI Multi Asset Allocation Fund
Feb '24–now · 2.7y
+11.65%+12.39%−0.73 pt––
SBI Comma Fund
Jun '24–now · 2.4y
+6.02%+5.16%+0.86 pt––
SBI Flexicap Fund
Dec '24–now · 1.9y
−1.14%+2.32%−3.46 pt––
Fig. 1.Each scheme Dinesh Balachandran ran, against its peers and benchmark over the same months. Source: AMFI.

Works with(3 now)

  1. Anup UpadhyayBalanced Advantage Fund · Flexicap Fund2 schemes
  2. Mansi SajejaMulti Asset Allocation Fund1 scheme
  3. Vandna SoniMulti Asset Allocation Fund1 scheme

Career(Sept 2001 – Dec 2011)

Joined as Senior Credit Analyst, SBI Funds Management Limited •

  1. Position not stated
    Aug 2004—Dec 20117y 5m

Research Analyst, Fidelity Investments, USA •

  1. Position not stated
    Sept 2001—Jul 20042y 11m

Source.SBI's Statement of Additional Information, as of 30 Jun 2026.