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 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.

Invest Now