SBI Mutual Fund is a joint venture between two financial bigwigs - State Bank of India (the largest bank in India) and AMUNDI (one of the leading global asset management companies in France). Established in 1987, it has the distinction of being Indias first non-UTI Mutual Fund.
SBI Mutual Fund has completely lived up to its vision statement of being the most trusted and respected asset management company in the country. In the last three decades, it has demonstrated a robust and consistent track record. Its expert team is highly skilled at judicious stock selection, insightful research and optimal risk management.
This Mutual Fund Company offers a host of investment solutions - equity schemes, debt schemes, hybrid schemes, ETFs, Index Funds, etc. It also has solution-oriented offerings that help in the realization of specific financial goals such as retirement planning, children education, etc.
TWith its extensive reach throughout the country (through more than 222 acceptance centres), it caters to 5.8 million investors and manages assets worth more than â‚¹3,73,000 crores.
- Top 5 Performing SBI Mutual Funds
- Top 5 Performing SBI Equity Mutual Fund
- Top 5 Performing SBI Debt Mutual Fund
- Top 5 Performing SBI Hybrid Mutual Funds
- Top Performing SBI Tax Saving Mutual Fund
- Top 5 Schemes of SBI Mutual Fund
- SBI Mutual Fund Customer Care Details
- Invest Online in SBI Mutual Funds
- Top SBI Fund Managers
- Frequently Asked Questions (FAQs)
1. Top 5 Performing SBI Mutual Funds
SBI Mutual Fund caters to investors with varying needs, risk appetite and investment horizon. The performance of mutual funds is calculated based on different parameters like past performance, the track record of the fund managers, the different financial ratios and the AUM growth of the fund. Currently, investors can choose from 50 SBI Mutual Fund schemes across various categories. Here is a list of the top-performing SBI Mutual Funds across different fund categories.
2. Top 5 Performing SBI Equity Mutual Fund
SBI Equity Mutual funds seeks to maximize capital appreciation over the long run. They invest predominantly in equity or equity-related instruments which have the potential for generating high returns. The risk quotient of these SBI Mutual Fund ranges between moderately high to high due to the inherent volatility associated with equity investments.
Currently, there are 18 open-ended schemes of Pure Equity SBI Mutual Funds. These equity funds of SBIMF vary from large-cap to mid-cap to small and micro-cap to sectoral funds. The total AUM of these 18 schemes is more than Rs. 80,000 Crores.
Here is a list of the top-performing SBI Mutual Funds in the equity category.
3. Top 5 Performing SBI Debt Mutual Fund
SBI Debt Mutual funds invest in debt and money market instruments. These include fixed income securities such as government bonds, T-Bills, Commercial Papers, Commercial Deposits, etc. The core objective of these SBI Mutual Fund schemes is to provide regular and steady income to the investors. The risk quotient of these schemes ranges between low to moderate. Due to this, they are perfect for conservative or risk-averse investors. Currently, SBI Mutual Funds offers 14 open-ended schemes in this category.
The debt category mutual funds consist of SBI Liquid Funds (AUM â‚¹51,614 Cr crores, as on 30-April-2020), SBI Gilt Funds ( AUM â‚¹2,433 Cr crores, as on 30-April-2020), Fixed Maturity Plans approx. ( AUM â‚¹31,000 crores, as on 30-April-2020) and other Debt Schemes, both open-ended as well as close-ended ones (AUM â‚¹61,181.04 crores, as on 30-April-2020).
Here is a list of the top-performing SBI Mutual Funds in the debt category.
4. Top 5 Performing SBI Hybrid Mutual Funds
SBI Hybrid Mutual funds invest across debt and equity funds in order to offer investors regular income as well as capital growth. The proportion of each component depends on the schemes overall objective.
SBI Mutual Funds offer a wide range of hybrid funds with varying risk quotients ranging from moderately low to moderately high. Currently, there are Six Hybrid schemes offered by SBI Mutual funds.
5. Top Performing SBI Tax Saving Mutual Fund
SBI Tax Saving Mutual Funds fall under the category of ELSS-Equity Linked Savings Scheme. They provide dual benefit to investors - capital appreciation through equity investment and income tax savings as per Sec 80C. Investments in this mutual fund scheme are subject to a mandatory lock-in period of three years. Compared to other conventional tax-saving options, these are better with a shorter lock-in period and potential for higher returns. One can invest in these SBI Mutual Funds online with as low as â‚¹500.
There is only one open-ended SBI Tax Saving Scheme called SBI Long term Equity fund with an AUM of â‚¹6,215 crores as on 30-April-2020 which has a 3-year lock-in period.
This fund under the hood are typically Multi-cap Equity funds, which means this can invest in companies of all sizes and sectors, thus creating a diversified portfolio. This way your risk will be handled better as your investments are spread out.
6. Top 5 Schemes of SBI Mutual Fund
SBI Blue Chip Fund
Investment Objective: The Fund Objective of the SBI BlueChip Fund is to provide an opportunity for investors for long-term capital appreciation through active management of the portfolio in the segment of large-cap equity investment.
Fund Details: The Fund Category is Equity- Large Cap Fund with an AUM of â‚¹19,785 crores as on 30-April-20. The scheme was launched on 14-Feb-2006. The NAV for the Direct Plan, Growth was â‚¹36.64 as on 2nd-June-2020 and the same for Regular Plan, Growth was â‚¹34.31. The fund has given 11.06% return since inception. The benchmark for this scheme is S&P BSE 100 TRI Index and the Fund Manager is Ms Sohini Andani.
The Fund Category is Equity- Large Cap Fund with an AUM of â‚¹19,785 crores as on 30-April-20. The scheme was launched on 14-Feb-2006. The NAV for the Direct Plan, Growth was â‚¹36.64 as on 2nd-June-2020 and the same for Regular Plan, Growth was â‚¹34.31. The fund has given 11.06% return since inception. The benchmark for this scheme is S&P BSE 100 TRI Index and the Fund Manager is Ms Sohini Andani.
The expense of the SBI BlueChip Fund is 1.90% for regular plans and 1.04% for direct plans. There would be an exit load would be 1% if you redeem before completion of one year from date of investment.
SBI Bluechip fund has a strong exposure in the banking and finance sector. Among all of these, it has maximum exposure to ICICI Bank and HDFC Banks. Here is the detailed table on holding for this scheme.
The portfolio holding as on 30-April-2020 is:
Company Sector % Assets HDFC Bank Financial 9.5 ICICI Bank Financial 6.18 Reliance Industries Energy 4.96 Divis Laboratories Healthcare 4.26 Nestle India FMCG 4.16
The minimum lump sum investment in SBI Bluechip Fund is â‚¹5000 and for SIP it is â‚¹500.
SBI Magnum Multicap Fund
Investment Objective: The Fund Objective of the SBI Magnum Multicap Fund is to provide an opportunity for investors to create wealth along with long-term capital accumulation along with liquidity. This funds can invest across market capitalisation in the entire spectrum of equity investments. These funds can invest in any market cap as per the market conditions whether it is large cap, mid cap or small cap.
Fund Details: The Fund Category is Equity with an AUM of â‚¹7912 crores as on 30-April-20. The scheme was launched on 29-Sep-2005. The NAV for the Direct Plan, Growth was â‚¹44.69 as on 02-june-2020 and the same for Regular Plan, Growth was â‚¹41.88. The fund has given a 12.25% return since inception as on 30-April-20. The benchmark for this scheme is S&P BSE 500 TRI Index and the Fund Manager is Mr. Anup Upadhyay.
The expense of the SBI Magnum Multicap Fund is 2.01% for regular plans and 1.01% for direct plans. There would be an exit load would be 1% if you redeem before completion of one year from the date of investment.
The portfolio holding as on 30-April-2020:
Company Sector % Assets HDFC Bank Financial 9.09 ICICI Bank Financial 6.79 Tata Consultancy Services Technology 6.11 ITC FMCG 4.6 Kotak Mahindra Bank Financial 3.81
The minimum lump sum investment in SBI Bluechip Fund is â‚¹1000 and for SIP it is â‚¹500.
SBI Focused Equity Fund
Fund Details: This fund seeks to provide the investor with the opportunity of long term capital appreciation by investing in a concentrated portfolio of equity and equity related securities. The scheme was launched on 11 oct 2004. The NAV for the Direct plan, Growth was 142.29 as on 2nd June 2020 and the same for Regular Plan, Growth was 133.06. The benchmark for this scheme is S&P BSE 500 TRI Index.
The expense of the SBI Focussed Equity Fund is 1.99% for regular plans and 0.86% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from the date of investment.
The portfolio holding of the top stocks as on 30-April-2020 is:
Company Sector % Assets HDFC Bank Financial 9.68 State Bank of India Financial 9.56 Alphabet Inc Class A Technology 7.47 P&G Hygiene & Health Care FMCG 7.11 Bajaj Finance Financial 6.98
The minimum lump sum investment in SBI Bluechip Fund is â‚¹5000 and for SIP it is â‚¹500.
SBI Small Cap Fund
Fund Details: This fund seeks to provide investors with opportunities for long term growth by investing predominantly in a well diversified basket of equity stocks of small cap companies.
The scheme was launched on 09-Sep-2009. The NAV for the Direct Plan, Growth was â‚¹50.97 as on 3rd June-20 and the same for Regular Plan, Growth was Rs. 46.89 with a 15.48% return since inception as on 30-April-20. The benchmark for this scheme is S&P BSE Small Cap TRI Index
The expense of the SBI Small Cap Fund is 2.24% for regular plans and 0.92% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from the date of investment.
SBI Small Cap Fund has a strong exposure in the Consumer Goods and Industrial Manufacturing sector. Hawkins Cooker Limited, and Dixon Technologies (India) Ltd has the maximum share of holding.
Here is the detailed portfolio holding of the top stock as on 30-April-2020:
Company Sector % Assets Hawkins Cookers Cons Durable 5.16 Dixon Technologies Engineering 4.76 Elgi Equipments Engineering 4 Navin Fluorine International Chemicals 3.79 Bajaj Finance Financial 6.98
The minimum lump sum investment in SBI Small Cap Fund is â‚¹5000 and for SIP it is â‚¹500.
SBI Banking & Financial Service Fund
Fund Details: This fund seeks to generate long term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of companies engaged in banking and financial services. The scheme was launched on 26-Feb-2016. The NAV for the Direct Plan, Growth was Rs. 14.95 as on 2nd June 2020 and the same for Regular Plan, Growth was Rs. 14.22 . The benchmark for this scheme is Nifty Financial Service Index TRI
The expense of the SBI Banking & Financial Fund is 2.39% for regular plans and 1.14% for direct plans. There would be an exit load of 1% if you redeem before completion of one year from the date of investment.
Here is the detailed table of holding of the top stocks as on 30-April-2020 is:
Company Sector % Assets HDFC Bank Financial 14.99 ICICI Bank Financial 4.76 Kotak Mahindra Bank Financial 10.24 Axis Bank Financial 8 State Bank of India Financial 7.35 ICICI Lombard General Insurance Company Financial 6.16
7. SBI Mutual Fund Customer Care Details
To know more about our SBI SIP Plans investors can contact at:
Address- 9th Floor, Crescenzo, C-38 and 39, G
Block Bandra - Kurla Complex
Mumbai, Maharashtra - 400051.
Call at - 1800 209 3333, 1800 425 5425, 91-22-62511600 (from outside India)
Email - email@example.com
SMS - SBIMF to 7065611100
8. Invest Online in SBI Mutual Funds
To invest in SBI mutual fund online an investor can head to ETMONEY which charges Zero Commission to provide an all-out solution for investors. Here one can explore funds and get clear details of risk, return and consistency before investing.
SBI mutual fund online investment can be done from ETMONEY. The investor needs to find MF by Category and then choose forth between the subtypes like, Market capitalization, Diversification, Sector & Theme or Solution(eg.ELSS) and then can choose the SBI SIP or Lumpsum online. The Funds display the Current NAV and the Return % p.a. in the most comprehensible.
There is also a filter option to choose from, like Value Research, Risk Rating, Consistency and Fund Size and an investor might use these filter options to choose the amount of SBI SIP or lumpsum investment of his choice and requirement.
9. Top SBI Fund Managers
The SBI Mutual Fund Investment team has a bouquet of experienced and highly qualified professionals managing the funds of the investors at different levels and different job roles. There are stalwarts of the finance market who perform the required amount of research and invest through the clear judgment of their knowledge and experience to provide the best possible service and returns to its investors. Few such people involved in making the Fund Management of SBI Mutual Fund broad-based and strong are
Mr. Navneet Munot: Executive Director and Chief Investment Officer
Mr. Munot had joined the SBI Fund House as its Chief Investment Officer in 2008 and is at present even the Executive Director along with holding on to his primary designation. He is taking care of the investment amount worth more than 54 Billion USD.
Being a Chartered Accountant and a Charter Holder of the CAIA and CFA Institute, he is a veteran of the finance industry and has over 25years. He has the experience of working in various fields like foreign exchange, fixed income and hybrid funds and is the former Chief Investment Officer of Birla Sun Life Mutual Funds.
He had also been the Executive Director and the Head of the Multi-Strategy Boutique at Morgan Stanley Investment Management post that. His expertise is a pillar for most of the funds in SBI.
Mr. R. Srinivasan: Head of Equity
Mr. Srinivasan had been a Fund Manager when he had joined SBI Mutual Funds and have moved on to become the Head of equity in the present date. He has had an exposure in the equity market for as long as 25 years.
And with an experience of working for leading Financial Companies like Future Capitol Holding, Indosuez WI Carr, Principal PNB, Motilal Oswal, Oppenheimer & Co. (Blackstone), has the responsibility of managing many of the funds of SBI Mutual fund directly under him.
Mr. Anup Upadhyay: Head of Research
Mr. Upadhyay after passing out from IIT Kharagpur had done his Post-Graduation Diploma in Management from IIM Lucknow.
He is also a Charter holder of the CFA Institute of USA and had started his career in SBI MF as an Equity Analyst for the IT Service Industry. He had been covering stocks of Telecom, Media and later on some Capital Good Stocks too.
Presently he is the Head of Research at SBI MF and also the Fund Manager for Funds like Equity Opportunity Fund and SBI IT Fund.
Mr. Rajeev Radhakrishnan: Head of Fixed Income and Fund Manager
Mr. Radhakrishnan presently is the head of the Fixed Income Portfolio of SBI MF and he had joined the State Bank of India AMC as a Portfolio Manager of the Fixed Income Funds in 2008.
He had remained the Co- Fund Manager of the Fixed Income Funds at UTI AMC for 7 years. He is an engineer and also holds a Postgraduate Degree in Finance from the Mumbai University and is also a charter holder of the CFA Institute, USA.
Mr. Sanjeev Patkar: Portfolio Manager for AIF
Mr. Patkar joined in 2011 as the Research Head and is the Portfolio Manager for AIF. His exposure to the Mutual Fund and Stock Market had been as long as 22 years.
In those years he had trodden the journey of being a part of the portfolio management team in Kotak Securities and a core member of the investment team in ENAM. Hes been on the buy-side for AMCs like Jardine Fleming and GE Capitals for 8 years.
He had also been the Director - Research for Dolat Capital and Almondz Global Securities. He also has add-on expertise in Corporate Strategy at Welspun Group for 2 years.
10. Frequently Asked Questions (FAQs)
Is SBI Mutual Funds safe to invest in?
As the disclaimer says, Mutual Fund investment is subject to market risk. Thus, every investor must consider the risk factors associated with every SBI Mutual Fund, which is clearly mentioned on the website/application form, etc. and then weigh the same with his risk appetite and then invest accordingly. However, the SEBI (Securities Exchange Bureau of India) is the regulator for all mutual fund houses. It is a strict regulator who monitors every transaction and performance of the funds so that the investors interest is kept in mind.
Which SBI Mutual Fund is best for the short term?
Investing for the short term can be done in a liquid , or money market fund. These funds are comparatively less volatile and provide Fd like returns for the same tenure. Hence these are best for short term financial goals.
SBI Mutual Fund funds for short-term investing:
- SBI Magnum Low Duration Fund
- SBI Liquid Fund
- SBI Magnum Ultra Short Duration Fund
- SBI Overnight Fund
Is SBI Mutual Fund Tax-Free?
SBI Magnum Tax gain scheme is an ELSS scheme wherein the investment up to 1.5 lakh can be claimed as tax deduction under sec 80c of the Income tax act. To determine how much tax you save, when you invest â‚¹1.5 lakh in ELSS funds depends on which tax bracket you fall in. If you come in the higher tax bracket of 30 per cent, the saving of tax work out to be of Rs 46,800 (including Health and education cess).
How can I cancel SBI Mutual Fund?
SBI Mutual Fund has both open-ended and closed-ended funds. The charges are clearly mentioned in the respective factsheet.
- Open ended funds can be cancelled at any point of time, but an exit load may be applicable, especially if the same is redeemed within a period of 12 months of investment
- But in a close-ended SBI Mutual Fund, you might not not have the option to redeem the units before the end of the scheme tenure, i.e. before the maturity date by selling the units back to SBI AMC. However, if the fund is listed in the stock exchange, then the same can be sold online. However, it has been seen that close-ended funds are not frequently traded and hence this might be a difficult proposition.
Note: Long term and short term capital gains taxes must be considered before processing any redemption.
How can I apply for SBI Mutual Fund Online?
SBI Mutual Funds and SIPs can be applied online through ETMONEY where investors can invest without paying any commission and in a completely hassle-free manner.
When should one invest and what way of investment is better, lump sum or SIP?
SIP or systematic investment is the best way to invest so that you get to invest at all times and make the most of rupee cost averaging. It builds up a systematic way of investment and a regular habit which is of extreme importance for any customer.
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