SBI Mutual Fund

SBI Mutual Fund is one of India's largest and oldest mutual fund companies, with over 36 years of experience in fund management. It is a joint venture between the State Bank of India (SBI), India's largest bank, and Amundi, a European asset management company. SBI Mutual Fund offers a wide range of mutual fund schemes across equity, debt, hybrid, and other categories, catering to the diverse needs of investors.

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Top Performing SBI Mutual Fund 

Fund Name Category 1-Year Returns  5-Years Returns Fund Size
SBI Long Term Equity Fund Equity 29.30% 17.82% ₹15,587
SBI Bluechip Fund Equity 16.90% 15.64% ₹38,881
SBI Multi Asset Allocation Fund Hybrid 19.20% 12.77% ₹1,615
SBI Magnum Children's Benefit Fund Solution Oriented 3.40% - ₹90
SBI Credit Risk Fund Debt 8.90% 7.59% ₹2,734
SBI Magnum Income Fund Debt 8.00% 8.42% ₹1,683
SBI Dynamic Bond Fund Debt 8.10% 8.33% ₹3,016
SBI Gold Fund Other 10.30% 12.18% ₹1,395
SBI Contra Fund Equity 31.40% 23.07% ₹14,608
SBI Magnum Mid Cap Fund Equity 20.90% 22.88% ₹12,555
SBI Consumption Opportunities Fund Equity 17.00% 18.44% ₹1,575
SBI Large & Midcap Fund Equity 19.00% 17.90% ₹14,682
SBI Conservative Hybrid Fund Hybrid 11.40% 11.22% ₹8,691
SBI Magnum Gilt Fund Debt 8.00% 8.85% ₹7,196
SBI Infrastructure Fund Equity 31.70% 21.90% ₹1,209

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Expected rate of return (in %)

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About SBI Mutual Fund

SBI Mutual Funds were launched on 29 June, 1987 and have been in operation for 36 years and 3 months. The  assets under management (AUM) of SBI Mutual Fund are ₹791796.86 Crores as of 30th September 2023. Presently, the fund house provides an extensive range of mutual fund schemes across equity, debt, hybrid, and other categories.

It holds a substantial 17.83% share of the industry's Assets Under Management (AUM).

Highlights of SBI Mutual Fund:

  • Among its extensive portfolio of 139 primary schemes, SBI Mutual Fund offers a diverse range of investment options, including 39 equity funds, 77 debt schemes, 12 hybrid schemes, and 11 others, which encompass Exchange Traded-Funds (ETFs), index funds, and gold funds.

  • SBI holds a majority stake of 63% in SBI Funds Management Pvt. Ltd., while the remaining 37% is owned by AMUNDI Asset Management through its wholly-owned subsidiary Amundi India Holding.

  • The SBI Nifty 50 ETF, SBI S&P BSE Sensex ETF, and SBI Equity Hybrid Fund stand as the three flagship schemes of the fund house, each playing a significant role in the fund's offerings.

Key Information About SBI Mutual Fund

Asset Management Company Name SBI Funds Management Ltd.
Mutual fund name SBI Mutual Fund
Founded June 29, 1987
MD and CEO Shamsher Singh
AMC Incorporation Date February 7, 1992
Trustee Organisation SBI Mutual Fund Trustee Company Private Limited
Compliance Officer Ms. Vinaya Datar
Investor Service Officer Mr CA Santosh
Top Fund Managers  Mr. Nicholas Simon
Mr. Ashwani Bhatia
Mr. Rahul Mayor
Mr. D.P. Singh
Ms. Aparna Nirgude
Mr. R. S. Srinivas Jain

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

What are the Documents Required for SBI Mutual Fund?

The following documents are required to invest in SBI Mutual Funds:

  1. Proof of Identity

    • Bank Passbook with photo

    • Aadhaar Card

    • Driving License

    • Passport

    • Voter ID Card

    • PAN Card

    • Post Office Passbook with photo

  2. Proof of Address

    • Aadhaar Card

    • Driving License

    • Bank Account Statement/Passbook maximum 3 months old

    • Passport

    • Voter ID Card

    • Utility bills like Gas bill, Telephone bill (only landline) or Electricity bill, maximum 3 months old

How to Calculate SIP Returns from SBI Mutual Fund Schemes?

To assess the potential returns from your SIP investments in SBI Mutual Fund schemes, you can use the Policybazaar SIP calculator.

All you need to do is input the following details in the SIP calculator:

  • Investment Amount

  • Investment Duration

  • Expected Rate of Return

  • Frequency of Investment (weekly/ monthly/ quarterly/half-yearly/ annually)

FAQ's

  • How can we calculate returns on SBI Mutual Fund SIP?

    To calculate returns on SBI Mutual Fund SIP, you can use the SIP calculator available on Policybazaar’s website.
  • Do SBI Mutual Fund schemes come with tax exemptions?

    SBI Mutual Fund schemes are not entirely tax-free. The tax implications depend on factors like the type of scheme and the holding period.
  • What is the process for discontinuing an ongoing SIP in an SBI Mutual Fund scheme?

    To cancel an ongoing SIP in an SBI Mutual Fund scheme, you can submit a written request to the nearest SBI Mutual Fund branch or through the third party online portal.
  • How can I increase the SIP amount in an SBI Mutual Fund scheme?

    You have two options to augment the SIP amount in an SBI Mutual Fund scheme:
    • You can initiate a fresh investment with the elevated SIP amount.

    • You can begin an SIP with the top-up feature, enabling you to periodically boost your investment sum.

*All savings are provided by the insurer as per the IRDAI approved insurance plan.
*Tax benefit is subject to changes in tax laws. Standard T&C Apply
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.

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