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 –
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.