SBI Mutual Fund

SBI Mutual Fund

SBI Mutual Fund is one of India’s largest Asset Management Companies (AMCs). The AMC was founded in 1987 as a joint venture between the State Bank of India or SBI, India’s largest public-sector bank, and AMUNDI, a French Asset Management Company, with SBI holding a 63% stake. View More

SBI Mutual Fund has played a pioneering role in the Indian mutual fund industry. For example, it was the first Indian AMC to launch a ‘Contra’ fund that went against the established norms to find quality companies with immense growth potential. It is also the first fund house to launch an ESG (Environmental, Social, and Governance) fund to invest in companies that invest in sustainable resources.

Best SBI Mutual Fund

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SBI Mutual Fund is headed by Mr Dinesh Kumar Khara, Chairman and Mr Vinay Tonse, Managing Director and Chief Executive Officer. Mr Ashwini Tewari and Mr Fathi Jerfel are Associate Directors.

SBI MF runs more than 140 mutual fund schemes in India across categories like equity, debt, balanced, ELSS, ETF, Fixed Maturity Plans, Liquid, and the like. The company’s portfolio includes the following: View More

•  Market Cap Oriented – 9 schemes
•  Thematic/ Sector -9 schemes
•  Duration based – 9 schemes
•  Hybrid – 6 schemes
•  Passive Strategies – 12 schemes
•  Solution Oriented – 6 schemes
•  Money Market – 5 schemes
•  Credit Oriented – 2 schemes
•  FoF Domestic – 1 scheme
•  FoF Overseas – 1 scheme
•  Closed Ended – 87 schemes

Some popular equity schemes of SBI MF are SBI Bluechip Fund, SBI Focused Equity Fund, and SBI Small Cap Fund. Some popular debt schemes of SBI MF are SBI Magnum Gilt Fund, SBI Magnum Income Fund, SBI Dynamic Bond Fund, etc. And SBI Equity Hybrid Fund is one of the top schemes in the hybrid category. A quick scan of SBI MF schemes’ shows that 55% of schemes have beaten the respective benchmarks in one-year returns.

The AMC has a physical presence in 222 locations across India. Its SIP (Systematic Investment Plan) book has grown five times between 2016 and 2021, from INR 458 crore to 1,382 crores. It mobilised assets worth INR 15,52,639 lakh in 2020-21, against INR 21,47,254 lakh in 2019-20. The company’s Profit After Tax (PAT) has increased from INR 60,555 lakh in FY-20 to INR 86,276 lakh in FY-21. SBI MF’s profits have increased more than its total income. While the 5-year CAGR (Compounded Annual Growth Rate) of the profit is 39%, the 5-year CAGR of the total income is 28%.

SBI Mutual Fund runs more than 100 schemes across categories like equity, debt, balanced, ELSS, ETF, Fixed Maturity Plans, Liquid, and the like. The AMC has a physical presence in 222 locations across India. Its SIP (Systematic Investment Plan) book has grown five times between 2016 and 2021, from INR 458 crore to 1,382 crores. The company’s Profit After Tax (PAT) has increased from INR 60,555 lakh in FY-20 to INR 86,276 lakh in FY-21.

SBI Mutual Fund Key Information

  • Founded on
  • 29th June 1987
  • Name of the Mutual Fund
  • SBI Mutual Fund
  • Sponsor Name
  • State Bank of India
  • Trustee Name
  • SBI Mutual Fund Trustee Company Private Limited
  • Managing Director & Chief Executive Officer
  • Mr Vinay M. Tonse
  • Compliance Officer
  • Ms Vinaya Datar
  • Auditor
  • C N K & ASSOCIATES LLP Chartered Accountants Narain Chambers, 5th Floor, Vile Parle (E), Mumbai – 400 057
  • Address
  • 9th Floor, Crescenzo, C- 38 & 39, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051 Tel: +91 22 61793000 • Fax : + 91 22 67425687 Website : www.sbimf.com

SBI Mutual Fund Managers

R. Srinivasan

Mr R. Srinivasan is the CIO-Equity and manages about fourteen funds at SBI Mutual Fund. He joined SBI Funds Management as a Senior Fund Manager in May 2009. He carries more than 25 years of experience in equities, having worked with Future Capital Holding, Principal PNB, Oppenheimer & Co (later Blackstone), Indosuez WI Carr and Motilal Oswal, among others. He manages an AUM of INR 1,14,343 crores.

Richard D’Souza

Mr Richard D’ Souza has been working at SBI MF since 2010. He is currently a fund manager and manages a total AUM of 945 crores at SBI Mutual Fund. He carries a total experience of 28 years. Before joining SBI Mutual Funds, he worked at ASK Investment Managers Private Limited and Alchemy Shares and Brokerage Firm. He manages SBI Magnum COMMA Fund and SBI PSU Fund at SBI MF.

Sohini Andani

Ms Sohini Andani has been working at joined SBI MF since 2007 and is currently the Research Head. Currently, she manages funds with an AUM of INR 36,724 crores. She worked at ING Investment Management, ASK Raymond James & Associates Private Limited, KR Choksey Shares & Securities Private Limited, LKP Shares & Securities Limited, and CRISIL.

 

Dinesh Balachandran

Mr Dinesh Balachandran joined SBI MF as a Senior Credit Analyst in 2012 and currently holds the position of Head of Research. He currently manages an AUM of INR 38,525 crores. At SBI MF, Mr Balachandran manages SBI Balanced Advantage Fund, SBI Contra Fund, SBI Long Term Equity Fund, and SBI Multi-Asset Allocation Fund. Before joining SBI MF, he worked with Fidelity in the US.

Rohit Shimpi

Mr Rohi Shimpi joined SBI MF in 2006 and has been managing international funds since March 2011. He is an equity analyst and fund manager at SBI MF and manages an AUM of INR 5,830 crores at SBI Mutual Fund. He has previously worked at CNBC TV18 and JP Morgan.

Rajeev Radhakrishnan

Mr Rajeev Radhakrishnan joined SBI Mutual Funds as a fixed income portfolio manager in 2008. He is currently the CIO of the fixed income desk at SBI Mutual Fund. Before joining SBI MF, Rajeev was Co-Fund Manager for Fixed Income with UTI Asset Management for seven years. He manages an AUM of INR 45,976 crores.

How to Invest in SBI Mutual Fund?

If you want to invest in SBI Mutual Funds, the process is straightforward on the 5Paisa platform. 5Paisa is one of the country’s largest investing platforms, and you can easily add SBI and other mutual funds to your portfolio. The steps to invest in SBI Mutual Fund online is as follows: View More

Step 1: Log in to your 5Paisa Account. If you do not have one, click the link to register and create a new 5Paisa account in 3 easy steps. Alternatively, you can download the 5Paisa app on your smartphone for Android or IOS and log in from your device.

Step 2: Search for the SBI Mutual Fund scheme that you want to invest in

Step 3: Select the option that is apt for your requirement and risk appetite

Step 4: Select the investment type – SIP (Systematic Investment Plan) or Lumpsum

Step 5: Input the amount that you’d like to invest and proceed with payment by clicking on the ‘Invest Now’ button

That’s it! This sums up the investment process. Once your payment is successful, you can see the SBI Mutual Fund reflected in your 5Paisa account in 3-4 working days. If you have selected the SIP option, the chosen amount will get deducted every month starting from the date you have made the payment.

Top 10 SBI Mutual Fund to Invest

  • Fund Name
  • Min SIP Investment Amt
  • AUM (Cr.)
  • 3Y Return

SBI Banking & Financial Services Fund – Direct Growth is an Sectoral / Thematic scheme that was launched on 26-02-15 and is currently under the management of our experienced fund manager Milind Agrawal. With an impressive AUM of ₹5,056 Crores, this scheme's latest NAV is ₹37.4349 as of 12-04-24.

SBI Banking & Financial Services Fund – Direct Growth scheme has delivered a return performance of 38.8% in the last 1 year, 17.1% in the last 3 years, and an 15.7% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Sectoral / Thematic funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹5,056
  • 3Y Return
  • 38.8%

SBI Focused Equity Fund – Direct Growth is an Focused scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager R Srinivasan. With an impressive AUM of ₹32,190 Crores, this scheme's latest NAV is ₹330.0523 as of 12-04-24.

SBI Focused Equity Fund – Direct Growth scheme has delivered a return performance of 35.3% in the last 1 year, 17.1% in the last 3 years, and an 16% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Focused funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹32,190
  • 3Y Return
  • 35.3%

SBI Equity Hybrid Fund – Direct Growth is an Aggressive Hybrid scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager R Srinivasan. With an impressive AUM of ₹67,196 Crores, this scheme's latest NAV is ₹278.8504 as of 12-04-24.

SBI Equity Hybrid Fund – Direct Growth scheme has delivered a return performance of 28.5% in the last 1 year, 14.4% in the last 3 years, and an 15.2% since its launch. With a minimum SIP investment of just ₹1,000, this scheme offers a great investment opportunity for those looking to invest in Aggressive Hybrid funds.

  • Min SIP Investment Amt
  • ₹1,000
  • AUM (Cr.)
  • ₹67,196
  • 3Y Return
  • 28.5%

SBI Large & Midcap Fund – Direct Growth is an Large & Mid Cap scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Saurabh Pant. With an impressive AUM of ₹21,270 Crores, this scheme's latest NAV is ₹569.6038 as of 12-04-24.

SBI Large & Midcap Fund – Direct Growth scheme has delivered a return performance of 38% in the last 1 year, 23.2% in the last 3 years, and an 17.9% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Large & Mid Cap funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹21,270
  • 3Y Return
  • 38%

SBI Magnum Global Fund – Direct Growth is an Sectoral / Thematic scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager R Srinivasan. With an impressive AUM of ₹6,276 Crores, this scheme's latest NAV is ₹373.6753 as of 12-04-24.

SBI Magnum Global Fund – Direct Growth scheme has delivered a return performance of 20.5% in the last 1 year, 14.2% in the last 3 years, and an 16.2% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Sectoral / Thematic funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹6,276
  • 3Y Return
  • 20.5%

SBI Small Cap Fund – Direct Growth is an Small Cap scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager R Srinivasan. With an impressive AUM of ₹25,434 Crores, this scheme's latest NAV is ₹175.8047 as of 12-04-24.

SBI Small Cap Fund – Direct Growth scheme has delivered a return performance of 43.9% in the last 1 year, 25.2% in the last 3 years, and an 26.2% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Small Cap funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹25,434
  • 3Y Return
  • 43.9%

SBI Magnum Gilt Fund – Direct Growth is an Gilt scheme that was launched on 03-01-13 and is currently under the management of our experienced fund manager Dinesh Ahuja. With an impressive AUM of ₹7,884 Crores, this scheme's latest NAV is ₹62.6332 as of 12-04-24.

SBI Magnum Gilt Fund – Direct Growth scheme has delivered a return performance of 8.2% in the last 1 year, 6.1% in the last 3 years, and an 9.3% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Gilt funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹7,884
  • 3Y Return
  • 8.2%

SBI Long Term Equity Fund – Direct Growth is an ELSS scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Dinesh Balachandran. With an impressive AUM of ₹21,976 Crores, this scheme's latest NAV is ₹410.3647 as of 12-04-24.

SBI Long Term Equity Fund – Direct Growth scheme has delivered a return performance of 63.7% in the last 1 year, 28.7% in the last 3 years, and an 17.4% since its launch. With a minimum SIP investment of just ₹500, this scheme offers a great investment opportunity for those looking to invest in ELSS funds.

  • Min SIP Investment Amt
  • ₹500
  • AUM (Cr.)
  • ₹21,976
  • 3Y Return
  • 63.7%

SBI Contra Fund – Direct Growth is an Contra scheme that was launched on 02-01-13 and is currently under the management of our experienced fund manager Dinesh Balachandran. With an impressive AUM of ₹26,776 Crores, this scheme's latest NAV is ₹377.1336 as of 12-04-24.

SBI Contra Fund – Direct Growth scheme has delivered a return performance of 53.3% in the last 1 year, 32.1% in the last 3 years, and an 17.8% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Contra funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹26,776
  • 3Y Return
  • 53.3%

SBI Technology Opportunities Fund – Direct Growth is an Sectoral / Thematic scheme that was launched on 10-01-13 and is currently under the management of our experienced fund manager Saurabh Pant. With an impressive AUM of ₹3,668 Crores, this scheme's latest NAV is ₹199.4375 as of 12-04-24.

SBI Technology Opportunities Fund – Direct Growth scheme has delivered a return performance of 27.5% in the last 1 year, 17% in the last 3 years, and an 21.1% since its launch. With a minimum SIP investment of just ₹5,000, this scheme offers a great investment opportunity for those looking to invest in Sectoral / Thematic funds.

  • Min SIP Investment Amt
  • ₹5,000
  • AUM (Cr.)
  • ₹3,668
  • 3Y Return
  • 27.5%

Closed NFO

Frequently Asked Questions

What is SBI Mutual Fund?

SBI Funds Management Private Limited (SBIFMPL) is the Investment and Asset Manager of SBI Mutual Fund. SBIFMPL is one of the largest mutual fund houses in India.

Where is SBI Mutual Fund’s Headquarters located?

SBIFMPL’s headquarters is located on the 9th Floor, Crescenzo, C- 38 & 39, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.

How much should I invest in EMI in SBI Mutual Fund?  

The right amount depends on your goals, risk tolerance and the availability of funds. After considering these factors, you can fix an amount along with the tenure for your EMI investments in SBI mutual funds.

Can you increase the SIP amount for an SBI Mutual Fund?

Yes, you can easily increase the SIP amount at any time. To do so, follow the process below:

  • Go to the SIP section and select the SIP that you want to increase/revise the amount for
  • Once you have selected the SIP of your choice, choose the EDIT SIP option
  • Update the SIP amount, frequency, or instalment date as per your preference
  • Once you have updated the details, you will receive a notification about the revisions to your SIP

Do I need a DEMAT account for investing in SBI Mutual Funds with 5Paisa?

You don’t necessarily have to open a DEMAT account to buy Mutual Funds. With 5Paisa’s Apps – Invest App & 5paisa Mobile Trading App, you can easily invest in mutual funds. You can download 5paisa Invest App & instantly open an MF Account.

How many schemes are offered by SBI Mutual Fund?

SBI Mutual Fund currently offers 9 Market Cap oriented, 9 Thematic/ Sector schemes, 8 duration based, 6 hybrids, 12 passive strategies, 6 solution-oriented, 5 money market, 2 credit-oriented, 1 FoF Domestic, 1 FoF Overseas, and 87 close-ended mutual fund schemes.

Should I invest in lumpsum or EMI in SBI Mutual Fund?

The answer depends upon your goals and the availability of funds. If you have received a lump sum that you are looking to invest, you can invest it all in one go. In case you are at the end of the financial year and are looking to invest for tax-saving, you can again explore the option of lumpsum investment.

However, if you are looking at long-term wealth creation and prefer a more accessible investment instrument, you can consider the EMI option. 

The latter also helps in averaging the cost and gives you the benefit when the market is down.

What is the minimum amount to start an SBI Mutual Fund SIP online?

The minimum amount for each SBI mutual fund depends on your selected option. However, the lowest amount you can choose for an SBI mutual fund SIP is INR 100, while it is INR 1000 for a lump sum investment.

What are the additional benefits of investing in SBI Mutual Funds with 5Paisa?

With 5Paisa, you can easily invest in SBI Mutual Fund and other investment options at ZERO commission. In addition, investing with 5Paisa is safe and enables you to the benefits such as:

  • Professional Management 
  • Simple SIP or lump sum investment process 
  • Liquidity Transparency 
  • You can invest in mutual funds by starting a SIP as low as INR 500 or with  
  • Flexibility to choose from a wide range of options

Can you stop an SBI mutual fund online?

Yes, you can stop any SIP online at any time. All you need to do is place a Cancel SIP request. To stop or cancel the SIP, you can do so from the SBI website or simply do it via the 5Paisa account by following the steps below:

  • Go to Mutual Fund order Book
  • Click on the SIP section
  • Click on the SBI scheme that you wish to stop
  • Click on the Stop SIP button

That’s it! Your SIP will be stopped, and you can restart the SIP at any time.

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