The rebound in the shares of State Bank of India NSE -0.57 % (SBI) has helped revive the fortunes of some of the popular equity-oriented schemes in the country. Returns from flagship equity schemes of HDFC Mutual Fund and Franklin Templeton, which have been underperforming in recent years, shot up after SBI shares surged 39 per cent in the past week. HDFC FlexiCap Fund — erstwhile HDFC Equity Fund — with assets of Rs 21,780 crore hold 9.96 per cent of its portfolio in SBI, while HDFC Balanced Advantage with assets of Rs 39,535 crore holds 9.75 per cent.
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