SBI Mutual Fund: Top Three Schemes with a Thematic Fund Delivering Over 72% Return

SBI Mutual Fund House, India’s largest asset management company (AMC), has achieved a remarkable milestone this year by becoming the first mutual fund house in the country to surpass Rs 10 lakh crore in Average Asset Under Management (AAUM) as of June. With over 60 diverse schemes, SBI Mutual Fund has solidified its position as a trusted investment partner for millions of Indians. In this blog, we will spotlight the top three performing schemes from SBI Mutual Fund that have shown impressive returns and could be worth considering for your investment portfolio.

1. SBI PSU Direct Plan-Growth

A Thematic-PSU Fund with Strong Returns

The SBI PSU Direct Plan-Growth is a thematic PSU mutual fund scheme that has been serving investors for over 11 years, since its inception on January 1, 2013. As of June 30, 2024, this fund manages assets worth Rs 4,602 crores, making it a medium-sized fund in its category. It maintains a competitive expense ratio of 0.73%. Notably, the SBI PSU Direct Plan-Growth has delivered a remarkable annualized SIP return of 72.32% over the past year.

2. SBI Nifty Next 50 Index Fund Direct-Growth

A Strong Contender in the Large Cap Index Fund Category

Next, we have the SBI Nifty Next 50 Index Fund Direct-Growth, a large-cap index mutual fund scheme launched on April 28, 2021. With assets under management totaling Rs 1,209 crores as of June 30, 2024, this medium-sized fund of its category. 

This fund has a competitive expense ratio of 0.33%, which is close to other large-cap index funds. Over the last year, the fund has delivered an impressive annualized SIP return of 72.15%. 

3. SBI Long-Term Equity Fund Direct Plan-Growth

A Leading ELSS Fund for Tax Savings and Long-Term Growth

For investors looking for tax-saving options, the SBI Long Term Equity Fund Direct Plan-Growth stands out as an exceptional choice. This Equity Linked Savings Scheme (ELSS) was launched on January 1, 2013, and has a significant asset base of Rs 27,527 crores as of June 30, 2024, making it one of the most substantial funds in its category.

The fund comes with an expense ratio of 0.95%, which is close to what other ELSS funds charge. In the last year, it has delivered an impressive annualized SIP return of 56.68%. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.