|
Fund Name
|
Ratings
|
Risk
|
1Y Returns
|
AUM
|
|
|---|---|---|---|---|---|
|
SBI Contra |
5 |
Very High |
25% |
₹1,00,900 cr. |
Invest |
|
SBI Magnum Gilt Fund |
5 |
Medium |
35% |
₹1,00,100 cr. |
Invest |
|
SBI Magnum Long Term Equity Fund |
5 |
Medium |
45% |
₹1,00,350 cr. |
Invest |
|
SBI Magnum Midcap Fund |
5 |
Very High |
55% |
₹1,01,250 cr. |
Invest |
|
SBI Bluechip Fund |
4.5 |
Very High |
65% |
₹1,10,120 cr. |
Invest |
|
SBI Conservative Hybrid |
4.5 |
High |
75% |
₹1,30,800 cr. |
Invest |
|
SBI Large & Midcap |
4.5 |
Very High |
57% |
₹1,20,800 cr. |
Invest |
|
SBI Dynamic Bond |
4.5 |
Medium |
76% |
₹1,00,400 cr. |
Invest |
|
SBI Magnum Ultra Short Duration |
4 |
Low |
77% |
₹1,10,800 cr. |
Invest |
|
SBI Magnum Medium Duration |
3 |
Medium |
77% |
₹1,10,800 cr. |
Invest |
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 35 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 March 31, 2022, SBI Asset Management had a total of Rs. 647067.24 crore as 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. An 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 returning mutual funds. 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. It 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 Funds 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 |
Top fund managers of SBI Asset Management company
The names mentioned below are the top fund managers of SBI Asset Management company.
AB
Ashwani Bhatia
Bhatia is currently the MD and CEO of the SBI Mutual Fund. He was loaned to SBI asset management in 2018 from SBI. Bhatia started his career at SBI in 1985. He has industry experience spanning more than three decades. He has extensive experience in credit and treasury, International Banking and Retail. Before becoming the CEO of SBI MF, Bhatia was the Chief General Manager of SBI.
NS
Nicholas Simon
SJ
RS Srinivas Jain
DPS
DP Singh
AN
Aparna Nirgude
How to Invest in SBI Mutual Funds?
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.
Top 5 SBI Best Mutual Funds to Invest
The following are some of the top-performing SBI Mutual Funds online. You can apply in all SBI investment schemes from your Angel One.
| Name of the Fund | Sub category | AUM (Rs. in crore) | Minimum Lumpsum (Rs.) | CAGR 3Y (%) | CAGR 5Y (%) |
| SBI Small Cap Fund Direct-Growth | Small Cap Fund | 15,292 | 5000 | 42.96 | 15.90 |
| SBI Contra Direct Plan Growth | Contra Fund | 7,936 | 5000 | 49.27 | 15.80 |
| SBI Large & Midcap Fund | Large & Mid Cap Fund | 9,441 | 5000 | 36.01 | 13.90 |
| SBI Banking and Financial Services Fund Direct-Growth | Sectoral Fund - Banks & Financial Services | 3,747 | 5000 | 29.66 | 12.66 |
| SBI Magnum Gilt Fund Direct-Growth | Gilt - Short & Mid Term Fund | 4,301 | 5000 | 6.47 | 8.28 |
Disclaimer: The above-mentioned top funds are for informational purposes only and are not recommendations. The funds are based on 5-yr CAGR dated 20th March 2023, which is subject to change frequently. Check out real-time data in the Mutual Funds section on Angel One.
SBI Small Cap Fund Direct-Growth
SBI Small Cap comes under the equity category as it invests in equity and equity-related schemes. The minimum SIP investment amount is Rs. 500 and Rs. 5000 in a lump sum at the entry level. The fund offers exposure to small-cap industries through a diversified investment portfolio.
SBI Contra Direct Plan-Growth
As a contra fund, SBI Contra Direct Plan fund in sectors that are currently underperforming. With more than 91% investment in equities, SBI Contra Fund is an equity MF. The minimum lump sum amount for investing in the fund is Rs. 5000, and the minimum SIP is Rs. 500.
SBI Large & Midcap Fund
SBI Large & Midcap Fund is an equity fund that invests in large and midcap stocks, which makes it riskier than schemes investing only in large-cap companies. The fund primarily invests in equities. The minimum lump sum investment amount is Rs. 5000, and the SIP amount is Rs. 500.
SBI Banking and Financial Services Fund Direct-Growth
SBI Banking and Financial Services fund invests in Indian banks and financial institutions. The fund invests >95.5% in equities. The minimum investment amount for the fund is Rs. 5000 for a lump sum and Rs. 500 for SIP.
SBI Magnum Gilt Fund Direct-Growth
SBI Magnum is a gilt fund that primarily invests in fixed-interest-bearing securities issued by the government. The minimum investment amount is Rs. 5000 in a lump sum and Rs. 500 in SIP.
FAQs
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. Talking about returns, SBI Small Cap Fund Direct-Growth has given the highest 5-yr CAGR of 15.90% among other schemes.
Fund Category
Large Cap
Mid Cap
Small Cap
Tax Saver
Multi Cap
