Best SBI Mutual Fund Schemes

Fund Name
Ratings
Ratings in Descending
Rating in Ascending
Risk
Risk in Descending
Risk in Ascending
3Y Returns
Three Years Returns in Descending
Three Years Returns in Ascending
AUM
Asset Under Management in Descending
Asset Under Management in Ascending

SBI PSU Fund

Equity Sectoral / Thematic

0

Very High

42.93%

₹3,694.68 cr.

SBI PSU Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0

Very High

42.93%

₹3,694.68 cr.

SBI PSU Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

42.93%

₹3,694.68 cr.

SBI Infrastructure Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0

Very High

34.77%

₹3,851.32 cr.

SBI Infrastructure Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

34.77%

₹3,851.32 cr.

SBI Infrastructure Fund

Equity Sectoral / Thematic

0

Very High

34.77%

₹3,851.32 cr.

SBI Magnum Children'S Benefit Fund Investment

Solution Oriented Childrens Fund

0

Very High

32.75%

₹2,325.64 cr.

SBI Contra Fund

Equity Contra Fund

5

Very High

30.8%

₹34,366.43 cr.

SBI Contra Fund Direct Plan IDCW Payout

Equity Contra Fund

5

Very High

30.8%

₹34,366.43 cr.

SBI Contra Fund Direct Plan IDCW Reinvestment

Equity Contra Fund

5

Very High

30.8%

₹34,366.43 cr.

SBI Long Term Equity Fund Direct Plan IDCW Payout

Equity ELSS

5

Very High

29.41%

₹25,738.08 cr.

SBI Long Term Equity Fund

Equity ELSS

5

Very High

29.37%

₹25,738.08 cr.

SBI Consumption Opportunities Fund Direct Plan IDCW Payout

Equity Sectoral / Thematic

0

Very High

27.22%

₹2,404.58 cr.

SBI Consumption Opportunities Fund Direct Plan IDCW Reinvestment

Equity Sectoral / Thematic

0

Very High

27.22%

₹2,404.58 cr.

SBI Consumption Opportunities Fund

Equity Sectoral / Thematic

0

Very High

27.22%

₹2,404.58 cr.

SBI Long Term Advantage Fund Series Iii

Equity ELSS

0

Moderately High

27.01%

₹76.67 cr.

SBI Long Term Advantage Fund Series Iii Direct Plan IDCW Payout

Equity ELSS

0

Moderately High

27.01%

₹76.67 cr.

SBI Long Term Advantage Fund Series I

Equity ELSS

0

Moderately High

25.6%

₹51.91 cr.

SBI Long Term Advantage Fund Series I Direct Plan IDCW Payout

Equity ELSS

0

Moderately High

25.6%

₹51.91 cr.

SBI Small Cap Fund Direct Plan IDCW Payout

Equity Small Cap Fund

2

Very High

25.21%

₹30,835.87 cr.

SBI Small Cap Fund Direct Plan IDCW Reinvestment

Equity Small Cap Fund

2

Very High

25.21%

₹30,835.87 cr.

SBI Small Cap Fund

Equity Small Cap Fund

2

Very High

25.21%

₹30,835.87 cr.

SBI Magnum Midcap Fund Direct Plan IDCW Payout

Equity Mid Cap Fund

5

Very High

24.88%

₹20,315.81 cr.

SBI Magnum Midcap Fund Direct Plan IDCW Reinvestment

Equity Mid Cap Fund

5

Very High

24.88%

₹20,315.81 cr.

SBI Magnum Midcap Fund

Equity Mid Cap Fund

5

Very High

24.88%

₹20,315.81 cr.

SBI Nifty Next 50 Index Fund

Other Index Fund

0

Very High

24.27%

₹1,073.18 cr.

SBI Nifty Next 50 Index Fund Direct Plan IDCW Payout

Other Index Fund

0

Very High

24.27%

₹1,073.18 cr.

SBI Nifty Next 50 Index Fund Direct Plan IDCW Reinvestment

Other Index Fund

0

Very High

24.27%

₹1,073.18 cr.

SBI Long Term Advantage Fund Series Iv

Equity ELSS

0

Moderately High

23.33%

₹222.47 cr.

SBI Long Term Advantage Fund Series Iv Direct Plan IDCW Payout

Equity ELSS

0

Moderately High

23.33%

₹222.47 cr.

About SBI Mutual Fund

SBI Mutual Fund was the second mutual fund in India after UTI. It was a joint venture between the largest and the most profitable Indian public sector bank, SBI and French asset management company, Amundi.

SBI Mutual Funds was founded on June 29, 1987, under the SBI Mutual Fund Trustee Company Private Limited and incorporated in 1992. In 2004, Amundi bought a 37% stake from SBI and became a JV partner to offer mutual fund investments to Indian investors.

As one of the oldest and largest asset management companies, SBI Asset Management is a pioneer in the field. It has 36 years of history in helping Indian investors create wealth. SBI MF moved past Aditya Birla and HDFC Mutual Fund in 2019 to become the third largest in the segment. As of February 2023, SBI Asset Management had a total of ~₹4,49,169 crore assets under management.

SBI Mutual Fund was the first Indian mutual fund company to introduce the ‘Contra’ fund in India. They also launched the first ESG fund in India. ESG is an acronym for Environment, Social and Governance Funds. ESG funds offer sustainable investment opportunities in global companies with strong social, environmental and governance practices.

SBI Asset Management has 146 funds, which include some of the best SBI Mutual Fund Investment schemes. In a separate section, we have discussed the best SBI Mutual Fund for investment.

As a part of India’s largest PSU bank, SBI Mutual Fund enjoys people’s trust. SBI MF has a long legacy and tracks a record as being one of the largest mutual fund companies. With technological advances, investors can research and apply to SBI Mutual Funds online.

SBI Mutual Fund Key Information

The following are some of the key information regarding the ICICI asset management company

Founding date June 29,1987
AMC Incorporation date February 7, 1992
Headquarters in Mumbai
Name of the sponsors State Bank of India & Amundi
Trustee organisation SBI Mutual Fund Trustee Company Pvt. Ltd.
MD and CEO Vinay M Tonse
Chief Investment Officer R Srinivasan (Equity) &
Rajeev Radhakrishnan (Fixed Income)
Compliance Officer Vinaya Datar
Investor Service Officer CA Santosh

SBI Mutual Fund Managers

RS

R Srinivasan

Fund Manager since Apr 2022 (2 years)

SA

Sohini Andani

Fund Manager since Feb 2015 (9 years)

View Details

Sohini Andani is a Chartered Accountant from Institute of Chartered Accountant of India. She joined SBI Mutual Funds as a Fund Manager. Before joining SBI Mutual Fund, she was a Senior Research Analyst at ING Investment Management.

DB

Dinesh Balachandran

Fund Manager since Apr 2022 (2 years)

View Details

Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA. Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.

SP

Saurabh Pant

Fund Manager since Sep 2016 (7 years)

View Details

Saurabh Pant did his Masters Degree in Business Economics from the University of Delhi and joined SBI Fund Management as a Research Analyst.

RS

Raviprakash Sharma

Fund Manager since Apr 2022 (2 years)

View Details

Raviprakash Sharma is a Chartered Accountant and CFA (USA). Before joining SBI Mutual Fund, he worked at various firms like HDFC AMC, Citigroup Wealth Advisors India Pvt. Ltd, Kotak Securities, Times Investors Services Pvt. Ltd. and Birla Sun Life Securities. Currently, he is the Chief Trader - Equities; Fund Manager (ETFs / Index Funds) at SBI Mutual Fund.

RD

Richard D`souza

Fund Manager since Aug 2014 (9 years)

View Details

Richard D`souza did B.Sc from University of Mumbai. He worked at Alchemy Shares and Brokerage Firm and ASK Investment Managers Private Limited before joining SBI Mutual Fund.

How to Invest in SBI Mutual Fund via Angel One?

Investing in the best SBI Mutual Funds or any other mutual fund is simple from your Angel One account. You need to follow the steps below.

Step 1: Log in to your Angel One account with your mobile number and validate with OTP. Next, enter the MPIN.

Note: If you don’t have an Angel One Demat account, you can open one quickly by completing the online account opening process.

Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:

  • Search your desired fund or take cues from funds listed by Angel One.
  • Analyse the SBI Mutual Fund NAV, past performance, tax incidence, and the sectors and companies in which it invests in.
  • Calculate the potential returns using the calculator.
  • Evaluate the fund’s level of risk and weigh it against your risk tolerance
  • Check the fund’s ratings given by reputed rating agencies.
  • Consider the fund’s expense ratio to get an idea about the cost of investing in it.

Step 3: Once you have selected the fund(s), log in to your Angel One account and go to the mutual fund section. You can select the fund from there.

Since, mutual funds are often a long term investment, be careful when choosing an option to invest.

  • Decide whether your want to invest in a lumpsum or SIP
  • Next, enter the amount of investment and how you want to make payment. UPI is the preferred method; however, one can also choose to pay through net banking.
  • If paying through SIP you can also set a mandate for hassle-free payment.

Documents Required To Invest in SBI Mutual Fund

With Angel One, investing in SBI Mutual Funds is a smooth yet digital experience. Whether you’re a novice or a seasoned investor, we’ve simplified the process for you. To initiate your investment journey, you’ll need to furnish the following essential documents:

  1. PAN Card Details (Mandatory)
  2. Personal Information (Full Name, Mobile Number, Email Address)
  3. Address Proof – We recommend using your Aadhar Card, including both the front and back sides.
  4. Bank Account Details, along with a cancelled cheque if needed.
  5. Nominee details and FATCA Declarations.

Our user-friendly platform ensures a seamless KYC verification, granting you quick access to SBI Mutual Funds. Your financial aspirations are now closer than ever. In just 48-72 business hours, your KYC process will be completed, and you can set off on your mutual fund journey.

Top 10 SBI Mutual Fund to Invest

The following are some of the top-performing SBI Mutual Funds in India. You can apply for all SBI Mutual Fund Schemes online from your Angel One Demat account.

Name of the Fund Sub category AUM (₹in crore) Minimum Investment (₹) CAGR 3Y (%) CAGR 5Y (%)
SBI Magnum Children’s Benefit Fund-Investment Plan Solution Oriented – Children’s Fund 1180.63 5000 44.48
SBI Contra Fund Contra Fund 14607.92 500 39.76 23.02
SBI PSU Fund Thematic Fund 679 1500 38.56 16.58
SBI Magnum Midcap Fund Mid Cap Fund 12555.2 1500 35.45 22.69
SBI Infrastructure Fund Sectoral Fund – Infrastructure 1209 1000 35.23 21.87
SBI LT Advantage Fund Equity Linked Savings Scheme (ELSS) 183.92 500 34.83 25.56
SBI Consumption Opp Fund Sectoral Fund – Consumption 1574.73 1000 34 18.07
SBI Small Cap Fund Small Cap Fund 20911.69 500 33.26 23.45
SBI Tax Advantage Fund Equity Linked Savings Scheme (ELSS) 31.69 500 30.13 27.31
SBI Large & Midcap Fund Large & Mid Cap Fund 14682.26 1500 29.26 17.78

**All data as of October 4, 2023.

Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past three years.

Let us delve into the best SBI Mutual Funds in India:

SBI Magnum Children’s Benefit Fund – Investment Plan

This fund falls under the category of a Solution Oriented – Children’s Fund. It primarily deals with investments for the benefit of children. The fund currently holds assets under management (AUM) worth ₹1,180.63 crore. Its expense ratio stands at 0.94%. Over the past 3 years, the fund has shown a Compounded Annual Growth Rate (CAGR) of 44.48%. For initial investments, a minimum amount of ₹5,000 is required.

SBI Contra Fund

SBI Contra Fund is categorised as a Contra Fund. It involves investing in a manner opposite to prevailing market trends. The fund’s total assets under management (AUM) amount to ₹14,607.92 crore, with an expense ratio of 0.78%. Over a three-year period, the fund has demonstrated a CAGR of 39.76%. The minimum investment amount for this fund is ₹500.

SBI PSU Fund

Classified as a Thematic Fund, the SBI PSU Fund focuses on investments related to public sector undertakings (PSUs). Its assets under management (AUM) are valued at ₹679 crore, with an associated expense ratio of 1.34%. Over the last 3 years, the fund has displayed a CAGR of 38.56%. To invest in this fund, a minimum amount of ₹1,500 is required.

SBI Magnum Midcap Fund

Falling into the category of a Mid Cap Fund, SBI Magnum Midcap Fund primarily invests in mid-sized companies. Its AUM currently stands at ₹12,555.2 crore, with an expense ratio of 0.9%. The fund has delivered a CAGR of 35.45% over the past three years. The minimum initial investment required for this fund is ₹1,500.

SBI Infrastructure Fund

Categorised as a Sectoral Fund with a focus on infrastructure-related investments, SBI Infrastructure Fund manages assets worth ₹1,209 crore. The fund bears an expense ratio of 1.76%. Over a 3-year period, the fund has exhibited a CAGR of 35.23%. The minimum investment amount for this fund is ₹1,000.

SBI LT Advantage Fund

SBI LT Advantage Fund-IV is an Equity Linked Savings Scheme (ELSS), providing tax-saving benefits. It currently manages an AUM of ₹183.92 crore, with an expense ratio of 0%. Over the last 3 years, the fund has shown a CAGR of 34.83%. Minimum investment amount of ₹500 is required for this fund.

SBI Consumption Opp Fund

Categorised as a Sectoral Fund focused on consumption-related investments, SBI Consumption Opp Fund manages assets totalling ₹1574.73 crore. The expense ratio of this SBI Mutual Fund Scheme is 1.08%. Over the past 3 years, the fund has shown a CAGR of 34%. The minimum investment amount required is ₹1000.

SBI Small Cap Fund

SBI Small Cap Fund is classified as a Small Cap Fund, primarily investing in small-cap companies. The fund’s AUM stands at ₹20,911.69 crore, with an expense ratio of 0.69%. Over a 3-year period, the fund has displayed a CAGR of 33.26%. A minimum investment amount of ₹500 is required for this fund.

SBI Tax Advantage Fund:

SBI Tax Advantage Fund-III is an Equity Linked Savings Scheme (ELSS), offering tax-saving opportunities. Its AUM is valued at ₹31.69 crore, with an expense ratio of 0%. Over a 3-year period, the fund has exhibited a CAGR of 30.13%. Minimum investment amount of ₹500 is required for this fund.

SBI Large & Midcap Fund:

This particular mutual fund operates as a Large & Mid Cap Fund, signifying its investment focus. The fund manages assets totalling ₹14,682.26 crore. It maintains an expense ratio of 0.85%. Over the past 3 years, it has delivered a Compound Annual Growth Rate (CAGR) of 29.26%. For investors, the minimum entry point into this fund is ₹1,500.

Mutual Funds Calculators

SBI Mutual Fund FAQs

Should I invest in an SBI Asset Management fund scheme?

Whether you should invest in SBI Mutual Fund Management schemes or not depends on your goals. In addition to assessing their returns over several timelines, evaluate the schemes based on risk, volatility, returns, the fund manager’s experience, and your own return expectations and risk tolerance.

How to Start SBI Mutual Fund SIP online?

There are two ways to start SBI Mutual Fund SIP. For a hassle-free investing experience, you can invest in SBI Mutual Fund SIP online through the Angel One app or web platform. This will allow you to track all your investments in one place. Alternatively, you can start investing in SBI Mutual Fund SIP online through SBI Mutual Fund AMC official website.

How to redeem SBI Asset Management funds Online?

There are two ways of doing this. You can initiate your redemption request by visiting Angel One web platform or app. Alternatively, you can also redeem your investments by visiting the SBI Mutual Fund AMC website.

How much time does it take to redeem the SBI Asset Management fund?

The proceeds of equity, debt, and conservative hybrid funds are generally transferred to your registered bank account within 2-4 working days of the withdrawal initiation. Redemption of liquid funds takes 1-2 working days.

What are the redemption charges of the SBI Mutual Fund fund?

The exit load varies depending on the fund of choice, duration of investment, etc. You can check the exit load of the fund at the time of investing.

How to increase the SIP amount in the SBI Asset Management fund?

You can increase the SIP amount in two ways. First, by visiting the SBI Mutual Fund AMC website. Second, go to the Mutual Funds section on https://www.angelone.in/mutual-funds or the Angel One App.

How can I get the SBI Mutual Fund statement?

You can get the SBI MF account statement on the Angel One App or web platform. Simply head to the Mutual Fund section. Alternatively, you can get the statement by visiting the AMC’s official website.

Are SBI Mutual Fund schemes tax-free?

ELSS (Equity Linked Savings Scheme) fund from the SBI Mutual Fund in India allows you to claim a tax deduction of up to ₹1.5 lakh per financial year under Section 80C of the Income Tax Act, 1961. You can deduct this from your total income.

How to calculate the SBI Mutual Fund returns?

Knowing the estimated returns on SBI Prudential Mutual Fund can help in planning your finances more effectively. Just enter important details, like your desired investment, duration, and expected return from the SBI Prudential Mutual Fund, in the calculator on Angel One. It will instantly show the estimated returns you can earn from investing in an SBI MF Scheme.