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SBI Mutual Fund

AUM
₹12,63,744.62 cr.
No. of Schemes
255
AMC Age
34Yrs
SBI Mutual Fund, managed by SBI Funds Management, offers a comprehensive range of investment choices. Backed by SBI's reputation, diverse fund optionsSBI Mutual Fund, managed by SBI Funds Management, offers a comprehensive range of investment choices. Backed by SBI's reputation, diverse fund options, and a customer-centric ethos, they provide investors with a trustworthy platform to pursue their financial objectives with confidence.Read More

List of Top SBI Mutual Fund Schemes

Fund Name
NAV
Expenses Ratio
1y Return
3Y Returns
Risk
Fund Size (in 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

PP

Prasad Padala

Fund Manager since Jul 2024 (2 years)

HS

Harsh Sethi

Fund Manager since Aug 2023 (3 years)

TD

Tanmaya Desai

Fund Manager since Aug 2023 (3 years)

RG

Raj Gandhi

Fund Manager since Mar 2024 (2 years)

VC

Viral Chhadva

Fund Manager since Mar 2024 (2 years)

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

Scheme Category AUM (in ₹ Cr) 3-Yr Returns (%) 1-Yr Return (%)
SBI PSU Fund Equity 4,542.83 29.70 -4.62
SBI Healthcare Opp Fund Equity 3,521.93 23.72 15.68
SBI Long Term Equity Fund Equity 27,305.51 23.22 9.39
SBI Infrastructure Fund Equity 4,867.23 22.47 0.76
SBI Contra Fund Equity 42,180.93 22.36 5.49
SBI Magnum Children's Benefit Fund-Investment Plan Equity 3,124.02 19.71 19.99
SBI Gold Equity 2,919.72 18.83 37.41
SBI Consumption Opp Fund Equity 2,940.27 17.98 6.72
SBI Magnum Midcap Fund Equity 21,177.20 17.09 6.96
SBI Large & Midcap Fund Equity 29,267.74 16.45 7.41
Note: The above data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) among SBI Mutual Funds over the past 3 years.

1. SBI PSU Fund

The SBI PSU Fund is an open-ended equity scheme that invests predominantly in public sector undertakings (PSUs) across various sectors. The fund aims to provide investors with opportunities for long-term capital appreciation by focusing on companies where the government holds a majority stake. Managed by Rohit Shimpi, the scheme is benchmarked against the NIFTY PSU Total Return Index. The fund imposes an exit load of 0.50% if units are redeemed within 30 days from the date of allotment.

2. SBI Healthcare Opportunities Fund

The SBI Healthcare Opportunities Fund is an open-ended equity scheme investing primarily in the healthcare and pharmaceutical sectors. The fund seeks to achieve long-term capital growth by identifying companies with robust growth potential within the healthcare industry. Managed by Tanmaya Desai and Pradeep Kesavan, the scheme is benchmarked against the S&P BSE Healthcare Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.

3. SBI Long Term Equity Fund

The SBI Long Term Equity Fund is an open-ended equity-linked savings scheme (ELSS) with a statutory lock-in period of three years, offering tax benefits under Section 80C of the Income Tax Act. The fund aims to provide investors with opportunities for long-term capital growth by investing across market capitalisations. Managed by Dinesh Balachandran, the scheme is benchmarked against the NIFTY 500 Total Return Index. Since the fund has a mandatory lock-in period of 3 years, no exit load is applicable.

4. SBI Infrastructure Fund

The SBI Infrastructure Fund is an open-ended equity scheme investing in companies directly or indirectly involved in infrastructure development. The fund seeks to provide investors with long-term capital appreciation by capitalising on the growth potential of the infrastructure sector. Managed by Bhavin Vithlani, the scheme is benchmarked against the NIFTY Infrastructure Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.

5. SBI Contra Fund

The SBI Contra Fund is an open-ended equity scheme following a contrarian investment strategy, focusing on undervalued stocks with strong fundamentals that are currently out of favour in the market. The fund aims to provide long-term capital appreciation by identifying and investing in such opportunities. Managed by Dinesh Balachandran and Pradeep Kesavan, the scheme is benchmarked against the NIFTY 500 Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.

6. SBI Magnum Children's Benefit Fund – Investment Plan

The SBI Magnum Children's Benefit Fund – Investment Plan is an open-ended fund designed to meet the investment needs of children, aiming for long-term capital appreciation. The fund invests in a mix of equity, equity-related instruments, and debt securities to provide a balanced approach to growth and stability. Managed by R. Srinivasan, Rajeev Radhakrishnan, and Pradeep Kesavan, the scheme is benchmarked against a composite index comprising the NIFTY 50 (65%) and CRISIL Short Term Bond Index (35%). The fund imposes an exit load of 3% if units are redeemed within 1 year from the date of allotment, 2% if redeemed after 1 year but within 2 years, and 1% if redeemed after 2 years but before 3 years.

7. SBI Gold Fund

The SBI Gold Fund is an open-ended fund of fund scheme that invests predominantly in units of SBI Gold Exchange Traded Scheme (SBI GETS). The fund aims to provide returns that closely correspond to the returns provided by SBI GETS, which in turn tracks the domestic price of gold. Managed by Raviprakash Sharma, the scheme offers investors an opportunity to invest in gold without the need for physical possession. The fund imposes an exit load of 1% if units are redeemed within 15 days from the date of allotment.

8. SBI Consumption Opportunities Fund

The SBI Consumption Opportunities Fund is an open-ended equity scheme investing in companies that are expected to benefit from the growth in consumption and related activities. The fund seeks to provide long-term capital appreciation by focusing on sectors such as consumer goods, automobiles, media, and retail.  Managed by Ashit Desai, the scheme is benchmarked against the NIFTY India Consumption Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.

9. SBI Magnum Midcap Fund

The SBI Magnum Midcap Fund is an open-ended equity scheme investing predominantly in mid-cap companies. The fund aims to provide investors with opportunities for long-term capital appreciation by focusing on companies with a market capitalisation within the NIFTY Midcap 150 Index. Managed by Bhavin Vithlani, the scheme is benchmarked against the NIFTY Midcap 150 Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.

10. SBI Large & Midcap Fund

The SBI Large & Midcap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The fund aims to provide long-term capital appreciation by capturing growth opportunities across established large-cap companies and emerging mid-cap companies. Managed by Saurabh Pant and Pradeep Kesavan, the scheme is benchmarked against the NIFTY LargeMidcap 250 Total Return Index. The fund imposes an exit load of 0.10% if units are redeemed within 30 days from the date of allotment.

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SBI Mutual Fund 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.
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.
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.
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.
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.
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.
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.
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.
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.
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