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. While SBI holds a 63% stake, AMUNDI India Holding holds a 37% stake in the AMC. 

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.

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:

  • 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%.  

Top 10 SBI Mutual Fund Schemes –

Fund Name
Category
Risk
1Y Returns
Rating
Fund Size (in Cr)
SBI Long Term Advantage Fund – Series IV -Dir Growth Equity Moderately High 12.07 - 176
SBI Tax Advantage Fund – Series III – Direct Growth Equity Moderately High 10.51 - 29
SBI Technology Opportunities Fund – Direct Growth Equity Very High 1.94 - 2,416
SBI Small Cap Fund – Direct Growth Equity Very High 6.31 4 11,831
SBI Healthcare Opportunities Fund – Direct Growth Equity Very High -12.45 - 1,638
SBI Magnum Midcap Fund – Direct Growth Equity Very High 8.84 3 6,891
SBI Contra Fund – Direct Growth Equity Very High 12.39 4 4,584
SBI Long Term Advantage Fund – Series III -Dir Growth Equity Moderately High 11.31 - 56
SBI Long Term Advantage Fund – Series II -Dir Growth Equity Moderately High 9.77 - 30
SBI Long Term Advantage Fund – Series I – Dir Growth Equity Moderately High 10.47 - 35
SBI Consumption Opportunities Fund – Direct Growth Equity Very High 15.96 2 938
SBI Magnum Comma Fund – Direct Growth Equity Very High -7.47 - 453
SBI Magnum Global Fund – Direct Growth Equity Very High -0.76 - 4,868
SBI Large & Midcap Fund – Direct Growth Equity Very High 1.86 4 6,482
SBI Debt Fund Series C – 34 Growth Debt Moderate 11.18 - 142
SBI Debt Fund Series C – 33 Growth Debt Moderate 11.18 - 424
SBI Debt Fund Series C – 40 Growth Debt Moderate 11.18 - 160
SBI Debt Fund Series C – 41 Growth Debt Moderate 11.18 - 243
SBI Long Term Advantage Fund – Series VI -Dir Growth Equity Moderately High -1.24 - 230
SBI Gold Fund – Direct Growth Other Moderately High 8.69 3 1,167
SBI Infrastructure Fund – Direct Growth Equity Very High 8.03 4 795
SBI Focused Equity Fund – Direct Growth Equity Very High -0.54 4 24,274
SBI Long Term Advantage Fund – Series V -Dir Growth Equity Moderately High 4.25 - 301
SBI Equity Minimum Variance – Direct Growth Equity Very High 0.62 - 128
SBI Long Term Equity Fund – Direct Growth Equity Very High 0.95 2 10,269
SBI Flexi Cap Fund – Direct Growth Equity Very High 0.49 3 15,047
SBI BlueChip Fund – Direct Growth Equity Very High 1.64 3 31,029
SBI Equity Hybrid Fund – Direct Growth Hybrid Very High 2.17 4 50,266
SBI Magnum Equity ESG Fund – Direct Growth Equity Very High 0.04 - 4,246
SBI Nifty Index Fund – Direct Growth Other Very High 1.38 3 2,431
SBI Magnum Children’s Benefit Fund – Savings Plan – Dir Growth Solution Oriented Moderately High 6.78 4 86
SBI Conservative Hybrid Fund – Direct Growth Hybrid Moderately High 5.94 4 6,010
SBI Multi Asset Allocation Fund – Direct Growth Hybrid Moderately High 1.88 4 556
SBI Equity Savings Fund – Direct Growth Hybrid Moderately High 1.63 4 2,373
SBI CPO Fund – Series A (Plan 4) – Direct Growth Hybrid Moderately Low 3.23 - 188
SBI CPO Fund – Series A (Plan 3) – Direct Growth Hybrid Moderately Low 3.38 - 124
SBI CPO Fund – Series A (Plan 2) – Direct Growth Hybrid Moderately Low 3.62 - 61
SBI CPO Fund – Series A (Plan 1) – Direct Growth Hybrid Moderately Low 3.42 - 93
SBI Magnum Medium Duration Fund – Direct Growth Debt Moderately High 2.90 5 9,581
SBI Magnum Income Fund – Direct Growth Debt Moderately High 2.06 5 1,618
SBI Debt Fund Series C – 44 – Direct Growth Debt Moderate 4.16 - 43
SBI FMP – Series 7 (1175Days) – Direct Growth Debt Moderate 4.16 - 174
SBI Debt Fund Series C – 48 – Direct Growth Debt Moderate 4.18 - 472
SBI FMP – Series 8 (1178Days) – Direct Growth Debt Moderate 4.13 - 199
SBI FMP – Series 3 (1179Days)- Direct Growth Debt Moderate 4.18 - 98
SBI FMP – Series 2 (1178Days) – Direct Growth Debt Moderate 4.14 - 182
SBI Debt Fund Series C – 49 – Direct Growth Debt Moderate 4.40 - 314
SBI FMP – Series 9 (1178Days) – Direct Growth Debt Moderate 4.04 - 178
SBI Debt Fund Series C – 50 – Direct Growth Debt Moderate 4.30 - 364
SBI Debt Fund Series C – 43 – Direct Growth Debt Moderate 4.04 - 77
SBI Credit Risk Fund – Direct Growth Debt High 4.39 4 3,035
SBI Debt Fund Series C – 35 – Direct Growth Debt Moderate 4.10 - 51
SBI Debt Fund Series C – 32 – Direct Growth Debt Moderate 3.55 - 25
SBI Magnum Gilt Fund – Direct Growth Debt Moderately Low 2.95 5 3,532
SBI Debt Fund Series C – 30 – Direct Growth Debt Moderate 3.40 - 21
SBI Debt Fund Series C – 46 – Direct Growth Debt Moderate 4.08 - 50
SBI Debt Fund Series C – 27 – Direct Growth Debt Moderate 3.34 - 35
SBI Debt Fund Series C – 38 – Direct Growth Debt Moderate 4.15 - 64
SBI Debt Fund Series C – 28 – Direct Growth Debt Moderate 3.62 - 27
SBI Corporate Bond Fund – Direct Growth Debt Moderate 2.95 2 16,376
SBI Dynamic Bond Fund – Direct Growth Debt Moderately Low 2.81 3 2,304
SBI FMP – Series 1 (3668 Days) – Direct Growth Debt Moderate 2.06 - 38
SBI Short Term Debt Fund – Direct Growth Debt Moderate 3.18 3 11,929
SBI Banking and PSU Fund – Direct Growth Debt Moderately Low 2.53 2 5,973
SBI Banking & Financial Services Fund – Direct Growth Equity Very High -6.38 5 3,237
SBI FMP – Series 6 (3668Days) – Direct Growth Debt Moderate 1.73 - 27
SBI Magnum Low Duration Fund – Direct Growth Debt Moderate 3.53 3 9,176
SBI Magnum Constant Maturity Fund – Direct Growth Debt Moderate 0.06 - 927
SBI Savings Fund – Direct Growth Debt Moderate 3.79 4 21,864
SBI PSU Fund – Direct Growth Equity Very High 0.82 - 446
SBI Magnum Ultra Short Duration Fund-Dir Growth Debt Moderately Low 3.55 3 13,494
SBI Arbitrage Opportunities Fund – Direct Growth Hybrid Low 4.55 2 8,212
SBI Liquid Fund – Direct Growth Debt Moderately Low 3.65 3 58,714
SBI Overnight Fund – Direct Growth Debt Low 3.48 3 26,342
SBI FMP – Series 12 (1179Days) – Direct Growth Debt Moderate 4.12 - 110
SBI FMP – Series 41 (1498Days) – Direct Growth Debt Moderately Low 2.13 - 752
SBI FMP – Series 28 (1163Days) – Direct Growth Debt Moderate 3.76 - 121
SBI FMP – Series 42 (1857Days) – Direct Growth Debt Moderate 2.20 - 386
SBI FMP – Series 13 (1108Days) – Direct Growth Debt Moderate 4.17 - 142
SBI FMP – Series 14 (1102Days) – Direct Growth Debt Moderate 4.13 - 174
SBI FMP – Series 62 (191Days) – Direct Growth Debt Moderately Low - - 133
SBI FMP – Series 55 (1849Days) – Direct Growth Debt Moderate - - 203
SBI CPO Fund – Series A (Plan 8) – Direct Growth Hybrid Moderately Low 3.07 - 28
SBI FMP – Series 31 (1160Days) – Direct Growth Debt Moderate 3.70 - 238
SBI FMP – Series 15 (1123Days) – Direct Growth Debt Moderate 4.22 - 141
SBI Nifty Next 50 Index Fund – Direct Growth Other Very High -4.37 - 421
SBI FMP – Series 43 (1616Days) – Direct Growth Debt Moderate 1.84 - 97
SBI FMP – Series 32 (1140Days) – Direct Growth Debt Moderate 3.46 - 39
SBI FMP – Series 16 (1116Days) – Direct Growth Debt Moderate 4.26 - 139
SBI FMP – Series 33 (1128Days) – Direct Growth Debt Moderate 3.43 - 24
SBI FMP – Series 56 (1232Days) – Direct Growth Debt Moderately Low - - 235
SBI FMP – Series 17 (1116Days) – Direct Growth Debt Moderate 4.24 - 116
SBI FMP – Series 34 (3682Days) – Direct Growth Debt Moderate 1.36 - 22
SBI FMP – Series 44 (1855Days) – Direct Growth Debt Moderate 1.99 - 310
SBI FMP – Series 57 (1835Days) – Direct Growth Debt Moderate - - 205
SBI CPO Fund – Series A (Plan 5) – Direct Growth Hybrid Moderately Low 3.35 - 139
SBI FMP – Series 18 (1108Days) – Direct Growth Debt Moderate 4.16 - 110
SBI CPO Fund – Series A (Plan 6) – Direct Growth Hybrid Moderately Low 3.49 - 55
SBI FMP – Series 58 (1842Days) – Direct Growth Debt Moderate - - 201
SBI FMP – Series 45 (1840Days) – Direct Growth Debt Moderate 2.20 - 182
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund – Dir Growth Other Moderate - - 4,660
SBI FMP – Series 19 (1115Days) – Direct Growth Debt Moderate 4.15 - 89
SBI FMP – Series 46 (1850Days) – Direct Growth Debt Moderate - - 106
SBI Magnum Children’s Benefit Fund – IP – Dir Growth Solution Oriented Very High 25.58 - 493
SBI FMP – Series 20 (1109Days) – Direct Growth Debt Moderate 4.17 - 51
SBI FMP – Series 21 (1109Days) – Direct Growth Debt Moderate 4.20 - 66
SBI FMP – Series 22 (1106Days) – Direct Growth Debt Moderate 4.13 - 65
SBI Floating Rate Debt Fund – Direct Growth Debt Moderately Low 3.70 - 2,475
SBI FMP – Series 47 (1434Days) – Direct Growth Debt Moderately Low - - 117
SBI FMP – Series 23 (1106Days) – Direct Growth Debt Moderate 4.09 - 65
SBI FMP – Series 24 (1107Days) – Direct Growth Debt Moderate 4.11 - 66
SBI FMP – Series 59 (1618Days) – Direct Growth Debt Moderate - - 23
SBI FMP – Series 48 (1458Days) – Direct Growth Debt Moderate - - 38
SBI FMP – Series 25 (1120Days) – Direct Growth Debt Moderate 4.05 - 28
SBI Balanced Advantage Fund – Direct Growth Hybrid Moderately High - - 23,900
SBI FMP – Series 26 (1112Days) – Direct Growth Debt Moderate 4.04 - 64
SBI FMP – Series 49 (1823Days) – Direct Growth Debt Moderately Low - - 314
SBI FMP – Series 50 (1843Days) – Direct Growth Debt Moderate - - 98
SBI FMP – Series 60 (1878Days) – Direct Growth Debt Moderate - - 197
SBI Multicap Fund – Direct Growth Equity Very High - - 9,871
SBI FMP – Series 51 (1846Days) – Direct Growth Debt Moderate - - 240
SBI Retirement Benefit Fund-Aggressive Plan-DirGrowth Solution Oriented Very High 8.42 - 792
SBI Retirement Benefit Fund-Aggrs Hyb Plan-DirGrowth Solution Oriented Very High 8.18 - 650
SBI FMP – Series 27 (1203Days) – Direct Growth Debt Moderate 3.73 - 142
SBI Retirement Benefit Fund-Conservative P-DirGrowth Solution Oriented Moderately High 3.26 - 143
SBI Retirement Benefit Fund-Conser Hyb Plan-DirGrowth Solution Oriented High 4.24 - 183
SBI FMP – Series 52 (1848Days) – Direct Growth Debt Moderate - - 110
SBI FMP – Series 53 (1839Days) – Direct Growth Debt Moderate - - 247
SBI CPO Fund – Series A (Plan 7) – Direct Growth Hybrid Moderately Low 3.37 - 44
SBI FMP – Series 61 (1927Days) – Direct Growth Debt Moderate - - 268
SBI International Access – US Equity FoF – Dir Growth Other Very High -7.45 - 995
SBI FMP – Series 10 (1178Days) – Direct Growth Debt Moderate 4.13 - 116
SBI FMP – Series 11 (1178Days) – Direct Growth Debt Moderate 4.21 - 171
SBI FMP – Series 54 (1842Days) – Direct Growth Debt Moderate - - 30

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

Mutual Fund Name SBI Mutual Fund
Founded on 29th June 1987
Sponsor State Bank of India
Trustee SBI Mutual Fund Trustee Company Private Limited
Chairman Mr Dinesh Kumar Khara
Managing Director & Chief Executive Officer Mr Vinay M. Tonse
Chief Compliance Officer & Company Secretary Ms Vinaya Datar
Investor Relations Officer Mr C.A. Santosh
Auditors C N K & ASSOCIATES LLP Chartered Accountants Narain Chambers, 5th Floor, Vile Parle (E), Mumbai – 400 057
Registered Office 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

How to Invest in SBI Mutual Funds?

You can invest in any SBI Mutual fund scheme in five ways – online, offline, WhatsApp, m-Easy, and mobile app.

To invest online, you need to visit the SBI portal and create a new account by entering your mobile number and email ID. After entering the details, check for the OTP. After validation, you can access the investment page, select the scheme, upload your KYC (Know Your Customer) documents, transfer the money, and invest seamlessly. The entire process takes around five minutes.

Alternatively, you may invest in SBI mutual fund schemes offline. To do this, you have to contact an SBI mutual fund representative or an empanelled distributor. The executive will hand you a KYC form. You have to fill it, attach your documents and cheque, and submit it to the executive. After receiving your application, SBI Mutual Fund will assign you a Folio Number.

You can also invest in SBI mutual fund schemes through WhatsApp. All you need to do is send a ‘Hi’ to 9833657657 and invest seamlessly. You can also use the number to check your portfolio valuation, get an account statement, switch your investment, locate a branch, and calculate the SIP amount.

Another excellent way of investing in SBI mutual fund schemes is via m-Easy. m-Easy provides a host of financial and non-financial transactions through the number 9210192101.

The SBI MF InvesTap mobile application is another intuitive way to invest in SBI mutual fund schemes. The app lets you invest, track, switch, and redeem at the click.

SBI Mutual Fund – Top Fund Managers

Mr Richard D’ Souza

Mr Richard D’ Souza joined SBIFMPL as Fund Manager in 2010. He initially managed the Retail PMS division before moving to the equity funds segment. Before joining SBIFMPL, he worked as Portfolio Manager at ASK Investment Managers Private Limited and as an Analyst at Alchemy Shares and Brokerage Firm. Richard’s total experience is over 28 years. At SBI MF, he manages funds like SBI Magnum COMMA Fund, SBI PSU Fund, etc.

Ms Sohini Andani

Ms Sohini Andani, B.Com, Chartered Accountant, joined SBI MF in 2007 as the Research Head. She was promoted to the position of Fund Manager in 2010 and had more than 25 years of experience. Before joining SBIFMPL, she worked for ING Investment Management as a Senior Research Analyst. She has worked for financial organisations like ASK Raymond James & Associates Private Limited, KR Choksey Shares & Securities Private Limited, LKP Shares & Securities Limited, and CRISIL.

Mr Dinesh Balachandran, CFA

Mr Dinesh Balachandran, B.Tech, M.S., CFA, joined SBI MF as a Senior Credit Analyst in 2012. He was subsequently promoted as the Head of Research for monitoring and managing funds. He has over 11 years of experience in the equity market. Before joining SBI MF, Mr Balachandran worked with Fidelity in Boston, USA. At SBI MF, Mr Balachandran manages SBI Balanced Advantage Fund, SBI Contra Fund, SBI Long Term Equity Fund, and SBI Multi-Asset Allocation Fund.

Mr Rohit Shimpi, CFA

Mr Rohi Shimpi, B.Com, PGDBM (Finance), CFA, joined SBI MF in 2006. He has been actively managing international funds since March 2011. His current role at SBI MF is Equity Analyst and Fund Manager. He is an active member of the research team of SBI MF. Before joining SBI Mutual Fund, Mr Shimpi worked for Television Eighteen Group’s financial news channel CNBC TV18 as a Research Analyst. He has also served JP Morgan’s offshore research centre.

Frequently Asked Questions About SBI Mutual Fund

1. 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.

2. 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.

3. 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.