HomeTrendingWhat is SBI Mutual Fund ?

    What is SBI Mutual Fund ?

    SBI Mutual Fund : SBI Mutual Fund is the sponsor company of the country’s largest bank sector company SBI (State Bank of India). SBI Mutual Fund was established on 29 June 1987, this management company has completed 36 years.

    Most of the people are confused about SBI Mutual Fund Company that it is a Govt company, whereas it is not so, SBI AMC is a completely private sector company. According to the data till December 31, 2023, SBI Mutual Fund Company manages assets worth Rs 886,421.37 crore.

    SBI Mutual Fund
    SBI Mutual Fund

    SBI Mutual Fund

    About SBI Mutual Fund
    Established 29-Jun-1987
    Sponsor State Bank of India
    CEO Mr. D. P. Singh – Deputy Managing Director & Joint CEO
    CIO Mr. Rajeev Radhakrishnan, Mr. Rama Iyer Srinivasan
    Compliance Officer Ms. Vinaya Datar
    Investor Service Officer Mr. C A Santosh – Investor Relations Officer
    SBI AMC Address 9th Floor, Crescenzo, C-38 & 39, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051
    Telephone number 022-61793000
    Fax Number 022-67425687
    SBI Mutual Fund Schemes
    SBI Mutual Fund House has 37 equity funds, 22 debt funds, 11 hybrid funds, index funds, ETF funds etc. Under Equity, mid-cap, small-cap, micro-cap, large and mid-cap as well as sectoral funds are offered by SBI Mutual Fund.

    Funds offered by SBI Mutual Fund

    SBI Equity Mutual Fund
    SBI Mutual Fund offers to invest in shares of large cap, mid cap, small cap companies in the equity category. SBI Equity Funds are beneficial for long term investments.

    Top 5 SBI Equity Mutual Fund
    Fund Name NAV AUM 3 Year Returns 5 Year Returns
    SBI PSU Fund 76 1158.87 Cr 43.35% 23.76%
    SBI Contra Fund 347.2 21481.78 Cr 32.37% 25.79%
    SBI Infrastructure Fund 45.66 1801.3 Cr 35.92% 25.74%
    SBI Small Cap Fund 145.10 23716.95 Cr 26.80% 24.90%
    SBI Magnum Midcap Fund 214.98 15457.95 Cr 27.77% 22.96%
    SBI Debt Mutual Fund
    Debt mutual funds invest in debt and regular income securities which include treasury bills, government securities, corporate bonds, money market instruments etc. Debt funds have maturity at a fixed time period and also get a fixed interest rate on investment.

    SBI Mutual Fund

    Top 5 Best Debt Mutual Funds
    Fund NAV AUM 3 Year Returns 5 Year Returns
    SBI Credit Risk Fund 43.43 2632.75 Cr 5.95% 6.70%
    SBI Magnum Gilt Fund 61.8 7782.22 Cr 5.27% 8.11%
    SBI Magnum Medium Duration Fund 48.89 6802.96 Cr 5.03% 7.56%
    SBI Magnum Income Fund 67.42 1708.83 Cr 4.82% 7.49%
    SBI Dynamic Bond Fund 34.39 2939.4 Cr 4.74% 7.40%
    SBI Hybrid Mutual Fund
    Hybrid funds are a mix of debt and equity funds, have relatively lower risk and can yield higher returns.

    Top 5 Best Hybrid Mutual Funds
    Fund NAV AUM 3 Year Returns 5 Year Returns
    SBI Multi Asset Allocation Fund 53.87 3133.17 Cr 14.89% 13.58%
    SBI Equity Hybrid Fund 264.48 64202.02 Cr 14.38% 14.09%
    SBI Equity Savings Fund 22.97 3513.32 Cr 11.22% 11.06%
    SBI Conservative Hybrid Fund 68.61 9277.48 Cr 11.01% 11.30%
    SBI Gold Fund 19.72 1512.72 Cr 7.69% 12.72%
    SBI Mutual Fund SIP – SBI Mutual Fund SIP
    You can consider SIP in mutual fund like bank post office recurring deposit. It is deducted from your bank account monthly, weekly or daily on a specific date, this amount reaches SBI Mutual Fund House for investment in that scheme.

    SBI Mutual Fund

    Suppose you do SIP of Rs 500 in any SBI Mutual Fund scheme. If the NAV price of the mutual fund scheme you have chosen for SIP is Rs 10, then you will be allotted 50 units, whereas on the same date of the second month, when the SIP amount is deducted again and the NAV price at that time is Rs 60, then 8.33 units will be allotted.

    Documents required for investing in SBI Mutual Fund

    identity certificate
    Aadhar card
    driving license
    address certificate
    Aadhar card
    driving license
    utility bill
    lease agreement
    SBI Small Cap Mutual Fund
    In this category of SBI Mutual Fund, investments are made in the shares of those small companies of the market whose valuation is less than Rs 5,000 crore. Generally, the companies coming after 250 companies are small cap companies, in this category at least 65% investment is made in the stocks of small cap companies. Small cap funds are the best in terms of returns, although they also involve more risk.

    SBI Mutual Fund

    SBI Mid Cap Mutual Fund
    SBI Mid Cap Fund usually invests in those medium sized companies whose market cap is below Rs 20 thousand crore and above Rs 5 thousand crore, as per SEBI rules, 65% investment in this category is made in the stocks of mid cap companies. Generally speaking, these are less risky than small caps and have higher returns than large caps.

    SBI ETF Bank Mutual Fund
    It is a sectoral fund which invests in companies in the bank sector, these funds are known to give good returns although these funds involve high risk. If we look at the returns of sector funds in the period of 1 to 3 years, the average has been 20 percent.

    SBI Magnum Multi-Cap Mutual Fund
    In multi cap fund, investment strategy is adopted in all three categories of large cap, mid cap and small cap. In this way, stability is maintained by investing in different places and returns.

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