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 –
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Fund Name
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Category
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Risk
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1Y Returns
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Rating
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Fund Size (in Cr)
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|---|---|---|---|---|---|
| SBI Tax Advantage Fund | Equity | Moderately High | 10.6 | - | 31 |
| SBI Long Term Advantage Fund | Equity | Moderately High | 10.7 | - | 181 |
| SBI Small Cap Fund | Equity | Very High | 18.5 | 4  |
14,043 |
| SBI Magnum Midcap Fund | Equity | Very High | 18.3 | 3 |
8,043 |
| SBI Contra Fund | Equity | Very High | 17.9 | 5 |
5,827 |
| SBI Long Term Advantage Fund | Equity | Moderately High | 18.4 | - | 61 |
| SBI Long Term Advantage Fund | Equity | Moderately High | 15.8 | - | 33 |
| SBI Long Term Advantage Fund | Equity | Moderately High | 17.3 | - | 38 |
| SBI Magnum Comma Fund | Equity | Very High | -0.4 | - | 467 |
| SBI Technology Opportunities Fund | Equity | Very High | -13.6 | - | 2,534 |
| SBI Healthcare Opportunities Fund | Equity | Very High | -8 | - | 1,675 |
| SBI Consumption Opportunities Fund | Equity | Very High | 27 | 3 |
1,059 |
| SBI Large & Midcap Fund | Equity | Very High | 13.1 | 4 |
7,731 |
| SBI Infrastructure Fund | Equity | Very High | 12.2 | 4 |
906 |
| SBI Long Term Advantage Fund | Equity | Moderately High | 7.3 | - | 240 |
| SBI Magnum Global Fund | Equity | Very High | 3 | - | 5,477 |
| SBI Long Term Equity Fund | Equity | Very High | 7.2 | 3 |
11,204 |
| SBI Focused Equity Fund | Equity | Very High | 0.1 | 4 |
27,450 |
| SBI Long Term Advantage Fund | Equity | Moderately High | 7 | - | 311 |
| SBI Equity Minimum Variance – Direct Growth | Equity | Very High | 2.3 | - | 132 |
| SBI BlueChip Fund | Equity | Very High | 4.5 | 3 |
34,043 |
| SBI Flexi Cap Fund | Equity | Very High | 3.2 | 3 |
16,208 |
| SBI FMP – Series 13 (1108Days | Debt | Moderate | 3.3 | - | 142 |
| SBI FMP – Series 7 (1175Days | Debt | Moderate | 3.3 | - | 175 |
| SBI FMP – Series 8 (1178Days | Debt | Moderate | 3.3 | - | 200 |
| SBI FMP – Series 3 (1179Days | Debt | Moderate | 3.3 | - | 97 |
| SBI FMP – Series 2 (1178Days | Debt | Moderate | 3.3 | - | 182 |
| SBI Magnum Equity ESG Fund | Equity | Very High | 1.7 | - | 4,670 |
| SBI Nifty Index Fund | Other | Very High | 3.1 | 3 |
2,854 |
| SBI PSU Fund | Equity | Very High | 20.3 | - | 463 |
| SBI Equity Hybrid Fund | Hybrid | Very High | 3.8 | 4 |
55,268 |
| SBI Banking & Financial Services Fund | Equity | Very High | 7.3 | 5 |
3,720 |
| SBI Debt Fund | Debt | Moderate | 11.1 | - | 142 |
| SBI Debt Fund | Debt | Moderate | 11.1 | - | 424 |
| SBI Debt Fund | Debt | Moderate | 11.1 | - | 159 |
| SBI Debt Fund | Debt | Moderate | 11.1 | - | 242 |
| SBI Multi Asset Allocation Fund | Hybrid | High | 6.2 | 4 |
588 |
| SBI Magnum Children’s Benefit Fund | Solution Oriented | Moderately High | 6.2 | 4 |
88 |
| SBI Conservative Hybrid Fund | Hybrid | Moderately High | 7.3 | 4 |
6,560 |
| SBI Equity Savings Fund | Hybrid | Moderately High | 4.6 | 4 |
2,443 |
| SBI Gold Fund | Other | High | 4.9 | 3 |
1,163 |
| SBI CPO Fund | Hybrid | Moderately Low | 3.2 | - | 142 |
| SBI CPO Fund | Hybrid | Moderately Low | 3.1 | - | 192 |
| SBI CPO Fund | Hybrid | Moderately Low | 3.2 | - | 127 |
| SBI CPO Fund | Hybrid | Moderately Low | 2.3 | - | 61 |
| SBI CPO Fund | Hybrid | Moderately Low | 2 | - | 93 |
| SBI Magnum Medium Duration Fund | Debt | Moderately High | 3.2 | 4 |
9,244 |
| SBI Magnum Income Fund | Debt | Moderately High | 2.6 | 4 |
1,539 |
| SBI Credit Risk Fund | Debt | High | 4.1 | 4 |
2,952 |
| SBI FMP – Series 16 (1116Days | Debt | Moderate | 4.1 | - | 140 |
| SBI Debt Fund | Debt | Moderate | 4.2 | - | 102 |
| SBI FMP – Series 15 (1123Days | Debt | Moderate | 4 | - | 142 |
| SBI FMP – Series 17 (1116Days | Debt | Moderate | 4.1 | - | 117 |
| SBI FMP – Series 11 (1178Days | Debt | Moderate | 4.1 | - | 173 |
| SBI Debt Fund | Debt | Moderate | 4.2 | - | 43 |
| SBI Magnum Gilt Fund | Debt | Moderately Low | 3.3 | 5 |
3,669 |
| SBI Debt Fund | Debt | Moderate | 4.4 | - | 43 |
| SBI FMP – Series 12 (1179Days | Debt | Moderate | 4 | - | 111 |
| SBI Debt Fund | Debt | Moderate | 4.3 | - | 62 |
| SBI FMP – Series 10 (1178Days | Debt | Moderate | 4 | - | 117 |
| SBI Debt Fund | Debt | Moderate | 3.7 | - | 25 |
| SBI FMP – Series 1 (3668 Days) – Direct Growth | Debt | Moderate | 2.7 | - | 39 |
| SBI Debt Fund | Debt | Moderate | 4.1 | - | 77 |
| SBI Debt Fund | Debt | Moderate | 4.2 | - | 51 |
| SBI FMP – Series 14 (1102Days | Debt | Moderate | 3.8 | - | 21 |
| SBI FMP – Series 9 (1178Days | Debt | Moderate | 3.9 | - | 179 |
| SBI Debt Fund | Debt | Moderate | 3.4 | - | 35 |
| SBI Debt Fund | Debt | Moderate | 3.5 | - | 21 |
| SBI Debt Fund | Debt | Moderate | 4.2 | - | 50 |
| SBI FMP – Series 6 (3668Days | Debt | Moderate | 2.4 | - | 28 |
| SBI Debt Fund | Debt | Moderate | 4.2 | - | 65 |
| SBI Dynamic Bond Fund | Debt | Moderately Low | 3.4 | 4 |
2,374 |
| SBI Debt Fund | Debt | Moderate | 3.7 | - | 27 |
| SBI Corporate Bond Fund | Debt | Moderately Low | 2.7 | 3 |
16,191 |
| SBI Short Term Debt Fund | Debt | Moderate | 2.9 | 3 |
13,464 |
| SBI Banking and PSU Fund | Debt | Moderately Low | 2.2 | 2 |
5,730 |
| SBI Magnum Constant Maturity Fund | Debt | Moderate | 0.9 | - | 815 |
| SBI Magnum Low Duration Fund | Debt | Moderate | 3.6 | 3 |
8,937 |
| SBI Savings Fund | Debt | Moderate | 4 | 3 |
20,468 |
| SBI Magnum Ultra Short Duration Fund | Debt | Moderately Low | 3.8 | 3 |
11,983 |
| SBI Arbitrage Opportunities Fund | Hybrid | Low | 4.5 | 2 |
6,965 |
| SBI Liquid Fund | Debt | Moderate | 4 | 3 |
65,440 |
| SBI Overnight Fund | Debt | Low | 3.8 | 3 |
20,844 |
| SBI FMP – Series 41 (1498Days | Debt | Moderately Low | 1.4 | - | 767 |
| SBI FMP – Series 28 (1163Days | Debt | Moderate | 3.3 | - | 122 |
| SBI FMP – Series 42 (1857Days | Debt | Moderate | 1.8 | - | 396 |
| SBI FMP – Series 62 (191Days | Debt | Moderately Low | - | - | 134 |
| SBI FMP – Series 55 (1849Days | Debt | Moderate | - | - | 209 |
| SBI CPO Fund | Hybrid | Moderately Low | 2.9 | - | 28 |
| SBI FMP – Series 64 (1169Days | Debt | Moderate | - | - | - |
| SBI FMP – Series 31 (1160Days | Debt | Moderate | 3.3 | - | 241 |
| SBI Nifty Next 50 Index Fund | Other | Very High | 6.1 | - | 475 |
| SBI FMP – Series 43 (1616Days | Debt | Moderate | 1.6 | - | 99 |
| SBI FMP – Series 32 (1140Days | Debt | Moderate | 3.1 | - | 39 |
| SBI FMP – Series 33 (1128Days | Debt | Moderate | 3 | - | 24 |
| SBI FMP – Series 56 (1232Days | Debt | Moderately Low | - | - | 240 |
| SBI FMP – Series 34 (3682Days | Debt | Moderate | 2.8 | - | 22 |
| SBI FMP – Series 44 (1855Days | Debt | Moderate | 1.8 | - | 318 |
| SBI FMP – Series 57 (1835Days | Debt | Moderate | - | - | 211 |
| SBI FMP – Series 65 (367Days | Debt | Moderately Low | - | - | - |
| SBI FMP – Series 18 (1108Days | Debt | Moderate | 4 | - | 111 |
| SBI CPO Fund | Hybrid | Moderately Low | 3.4 | - | 56 |
| SBI FMP – Series 66 (1361Days | Debt | Moderate | - | - | 566 |
| SBI FMP – Series 58 (1842Days | Debt | Moderate | - | - | 206 |
| SBI FMP – Series 45 (1840Days | Debt | Moderate | 1.9 | - | 187 |
| SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund | Other | Moderate | - | - | 7,134 |
| SBI FMP – Series 19 (1115Days | Debt | Moderate | 4 | - | 89 |
| SBI FMP – Series 46 (1850Days | Debt | Moderate | 2 | - | 109 |
| SBI FMP – Series 67 (1467Days | Debt | Moderate | - | - | 485 |
| SBI Magnum Children’s Benefit Fund | Solution Oriented | Very High | 15.6 | - | 580 |
| SBI FMP – Series 20 (1109Days | Debt | Moderate | 4 | - | 52 |
| SBI FMP – Series 21 (1109Days | Debt | Moderate | 4 | - | 66 |
| SBI FMP – Series 22 (1106Days | Debt | Moderate | 4 | - | 66 |
| SBI Floating Rate Debt Fund | Debt | Moderately Low | 3.6 | - | 2,488 |
| SBI FMP – Series 47 (1434Days | Debt | Moderately Low | 1.5 | - | 120 |
| SBI FMP – Series 23 (1106Days | Debt | Moderate | 3.9 | - | 66 |
| SBI FMP – Series 24 (1107Days | Debt | Moderate | 4 | - | 66 |
| SBI FMP – Series 59 (1618Days | Debt | Moderate | - | - | 23 |
| SBI FMP – Series 48 (1458Days | Debt | Moderate | 1.7 | - | 38 |
| SBI FMP – Series 25 (1120Days | Debt | Moderate | 3.9 | - | 28 |
| SBI Balanced Advantage Fund | Hybrid | Moderately High | 6.6 | - | 24,734 |
| SBI FMP – Series 26 (1112Days | Debt | Moderate | 3.9 | - | 65 |
| SBI FMP – Series 49 (1823Days | Debt | Moderately Low | 2.3 | - | 323 |
| SBI FMP – Series 50 (1843Days | Debt | Moderate | 1.5 | - | 100 |
| SBI FMP – Series 60 (1878Days | Debt | Moderate | - | - | 203 |
| SBI Multicap Fund | Equity | Very High | - | - | 11,441 |
| SBI FMP – Series 51 (1846Days | Debt | Moderate | - | - | 246 |
| SBI Retirement Benefit Fund | Solution Oriented | Very High | 13.6 | - | 949 |
| SBI Retirement Benefit Fund | Solution Oriented | Very High | 11.8 | - | 735 |
| SBI FMP – Series 27 (1203Days | Debt | Moderate | 3.3 | - | 144 |
| SBI Retirement Benefit Fund | Solution Oriented | Moderately High | 5.7 | - | 148 |
| SBI Retirement Benefit Fund | Solution Oriented | High | 7.1 | - | 195 |
| SBI FMP – Series 52 (1848Days | Debt | Moderate | - | - | 113 |
| SBI FMP – Series 53 (1839Days | Debt | Moderate | - | - | 254 |
| SBI FMP – Series 63 (372Days | Debt | Moderately Low | - | - | 1,525 |
| SBI CPO Fund | Hybrid | Moderately Low | 3.3 | - | 44 |
| SBI FMP – Series 61 (1927Days | Debt | Moderate | - | - | 275 |
| SBI International Access – US Equity FoF – Dir Growth | Other | Very High | -5.8 | - | 923 |
| SBI FMP – Series 54 (1842Days | Debt | Moderate | - | - | 31 |
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 |
SBI Mutual Fund – Top Fund Managers
Mr 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.
Mr 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.
Ms 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.
Mr 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.
Mr 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.
Mr 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 Can You 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:
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.
SBI Mutual Fund’s Top Schemes
Let us take a closer look at the top mutual fund schemes offered by SBI Mutual Fund. These funds have consistently given favourable returns to investors.
SBI Banking & Financial Services Fund – Direct Plan-Growth
The SBI Banking & Financial Services Fund is an equity fund with a 98.68% investment in domestic equities. The fund distributes about 51.04% investment in large-cap stocks, 10.52% in mid-cap stocks, and 7.11% in small-cap stocks.
The fund gave an annualised return of -7.58% last year. It has delivered 5.18% and 9.73% returns in the last three and five years, respectively.
- Category: Equity: Sectoral-banking
- Scheme Type: Open-ended
- NAV 24.09 on 25/07/2022
- AUM: INR 3237.75 crores
- Inception Date: 26th February 2015
- Fund Manager: Milind Agrawal
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000, and the minimum additional investment is INR 1000.
SBI Focused Equity Fund
The SBI Focused Fund is an equity fund with an 82.18% investment in domestic equities. The fund distributes about 41.59% of investment in large-cap stocks, 20.8% in mid-cap stocks, and 3.81% in small-cap stocks. This fund has delivered a loss of 1.58% in the last year.
The fund gave an annualised return of -1.58% last year. It has delivered 12.5% and 12.81% returns in the last three and five years.
- Category: Equity: Focus Fund
- Scheme Type: Open-ended
- NAV 40.29 on 22/07/2022
- AUM: INR 24288.41 crores
- Inception Date: 11th October 2004
- Fund Manager: R Srinivasan
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000, and the minimum additional investment is INR 1000.
SBI Equity Hybrid Fund
The SBI Equity Hybrid Fund has 68.92% investment in domestic equities and 20.02% in debt. The fund will dedicate 20-35% towards debt and other money market instruments at any given time.
The fund’s equity portfolio comprises 45.4% large-cap stocks, 8.93% mid-cap stocks, and 3.37% small-cap stocks. The fund also invests about 8% in government securities and11.54% in low-risk securities.
The fund gave an annualised return of 1.45% last year. It has delivered 10.81% and 10.54% returns in the last three and five years.
- Category: Hybrid
- Scheme Type: Open-ended
- NAV: INR 162.14 on 25/07/2022
- AUM: INR 6485.45 crores
- Inception Date: 31st December 1995
- Fund Managers: R Srinivasan and Dinesh Ahuja
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 1000.
SBI Large & Midcap Fund
As the name suggests, The SBI Large & Midcap Fund invests a significant share in domestic equities. Out of the 90.13% of assets, it invests in domestic equities, it has 35.95% in large-cap stocks, 22.46% in mid-cap and 16.03% in small-cap stocks. This fund allocates about 7.32% in cash and cash equivalents.
The fund gave an annualised return of 1.05% last year. It has delivered 14.32% and 1.57% returns in the last three and five years.
- Category: Equity
- Scheme Type: Open-ended
- NAV 162.1358 on 25/07/2022
- AUM: INR 50291.22 crores
- Inception Date: 28th February 1993
- Fund Managers: Saurabh Pant
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000, and the minimum additional investment is INR 1000.
SBI Magnum Global Fund
The SBI Magnum Global Fund invests a minimum of 80% in stocks of companies within the MNC space. This fund defines these companies as the ones in which a foreign entity has a significant shareholding. They should be listed overseas, and 50% of turnover comes from regions outside India.
The fund has a 76.24% investment in equities. Out of this, it allocates 36.02% to large-cap stocks, 7.87 to mid-cap stocks, and 23.62% to small-cap stocks.
The fund gave an annualised return of -1.48% last year. It has delivered 15.14% and 0.69% returns in the last three and five years.
- Category: Equity
- Scheme Type: Open-ended
- NAV 83.34 on 25/07/2022
- AUM: INR 4867.79 crores
- Inception Date: 30th February 1994
- Fund Managers: R. Srinivasan and Mohit Jain
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000, and the minimum additional investment is INR 1000.
SBI Small Cap Fund
The SBI Small Cap Fund predominantly invests in small-cap stocks with a 65% allocation to such stocks. The remaining 35% allocation is in large and mid-cap companies, debt and money market instruments. Currently, the fund has 86.14% investment in domestic equities, of which 6.62% is in mid-cap stocks, and 55.36% is in small-cap stocks.
The fund gave an annualised return of 5.23% last year. It has delivered 23.34% and 16.95% returns in the last three and five years.
- Category: Equity
- Scheme Type: Open-ended
- NAV 78.03 on 25/07/2022
- AUM: INR 11831.33 crores
- Inception Date: 9th September 2009
- Fund Managers: R. Srinivasan
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000, and the minimum additional investment is INR 1000.
SBI Magnum Gilt Fund
The SBI Magnum Gilt Fund invests primarily in government securities issued by both state and central governments. Currently, the fund allocates 82.3% in government securities.
The fund gave an annualised return of 2.46% last year. It has delivered 6.63% and 6.35% returns in the last three and five years.
- Category: Debt
- Scheme Type: Open-ended
- NAV 16.08 on 25/07/2022
- AUM: INR 3531.61 crores
- Inception Date: 31st December 2000
- Fund Managers: Dinesh Ahuja
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000, and the minimum additional investment is INR 1000.
SBI Long Term Equity Fund
Formerly known as SBI Magnum Taxgain Scheme, this fund is an equity-linked savings scheme (ELSS). It is a tax-saving instrument allowing investors to benefit under section 80C of the Income Tax Act, 1961.
The fund invests a minimum of 80% of its assets in equity, cumulative convertible preference shares, fully convertible debentures, bonds etc. and about 20% in money market instruments.
Currently, the fund has a 92.56% investment in domestic equities. It allocates about 59.92% to large-cap stocks, 16.92% to mid-cap stocks, and 9.2% to small-cap stocks.
The fund gave an annualised return of 0.33% last year. It has delivered 12.27% and 8.78% returns in the last three and five years.
- Category: Debt
- Scheme Type: Open-ended
- NAV 217 on 25/07/2022
- AUM: INR 10267.77 crores
- Inception Date: 31st March 1993
- Fund Managers: Dinesh Balachandran
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 500.
SBI Contra Fund
The SBI Contra Fund is an equity fund with a 75.57% investment in domestic equities. Out of this, it allocates 30.18% to large-cap stocks, 10.74% to mid-cap stocks, and 22.12% to small-cap stocks. The fund also invests 8.5% in debt, primarily in government securities.
The fund gave an annualised return of 11.55% last year. It has delivered 21.34% and 12.9% returns in the last three and five years.
- Category: Equity
- Scheme Type: Open-ended
- NAV 35.9150 on 25/07/2022
- AUM: INR 4588.89 crores
- Inception Date: 14th July 1999
- Fund Managers: Dinesh Balachandran
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000.
SBI Technology Opportunities Fund
The SBI Technology Opportunities Fund is an equity fund with a minimum of 80% in stocks of companies in technology and technology-related. The remaining 20% is in equities of companies other than the technology space and debt or money market instruments.
The fund gave an annualised return of 10.67% last year. It has delivered 25.02% and 23.87% returns in the last three and five years.
- Category: Equity
- Scheme Type: Open-ended
- NAV 78.99 on 25/07/2022
- AUM: INR 2418.15 crores
- Inception Date: 14th July 1999
- Fund Managers: Saurabh Pant
- SIP (Minimum Amount): INR 500/-
- SIP Frequency: Monthly
- The minimum investment required is INR 5000.
Frequently Asked Questions
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.
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.
SBIFMPL’s headquarters is located on the 9th Floor, Crescenzo, C- 38 & 39, G Block, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.
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.
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.
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.
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
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
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.
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.