SBI Mutual Fund- Latest MF Schemes, NAV, Performance & Returns 2024
Introduction
SBI Mutual Fund, a towering figure in the Indian financial landscape, boasts a rich history of innovation and unwavering commitment to investor success. Established in 1987, it quickly rose to prominence as the nation’s second mutual fund, following in the footsteps of the trailblazing Unit Trust of India. A momentous event in 2004 saw the State Bank of India strategically partner with Amundi, a French asset management giant, solidifying its position as a leader in the industry.
SBI Mutual Fund has consistently pushed the boundaries of financial innovation, introducing groundbreaking products like the pioneering ‘Contra’ fund. In a bold move, it expanded its reach in 2013 by acquiring Daiwa Mutual Fund, a subsidiary of the esteemed Japanese financial conglomerate. Demonstrating its commitment to responsible investing, SBI Mutual Fund unveiled India’s first Environmental, Social, and Governance (ESG) Fund, paving the way for a future focused on sustainable investments.
A watershed moment arrived in 2015 when the Employees’ Provident Fund of India placed a landmark investment of Rs 5,000 crore in SBIMF Sensex ETFs, marking the first-ever such investment by a provident fund in the Indian mutual fund industry.
Today, SBI Mutual Fund stands tall as a behemoth, managing a staggering ₹7.22 lakh crore in Assets Under Management (AUM) as of November 2023. Its expansive portfolio encompasses 118 schemes, catering to diverse investor needs through 42 equity schemes, six hybrid schemes, and 61 debt schemes.
Top 10 SBI Leading Mutual Fund Schemes
| Fund Name | Category | Risk | 1Y Returns | Fund Size (in Cr) |
|---|---|---|---|---|
| SBI Contra Fund | Equity | Very High | 29.7% | ₹16,667 |
| SBI Magnum Mid Cap Fund | Equity | Very High | 27.8% | ₹13,202 |
| SBI Consumption Opportunities Fund | Equity | Very High | 24.4% | ₹1,648 |
| SBI Large & Midcap Fund | Equity | Very High | 17.1% | ₹15,649 |
| SBI Healthcare Opportunities Fund | Equity | Very High | 30.3% | ₹1,982 |
| SBI Conservative Hybrid Fund | Hybrid | High | 10.7% | ₹9,054 |
| SBI Magnum Gilt Fund | Debt | Moderate | 7.3% | ₹7,765 |
| SBI Infrastructure Fund | Equity | Very High | 41.3% | ₹1,309 |
| SBI Long Term Equity Fund | Equity | Very High | 30.7% | ₹15,774 |
| SBI Bluechip Fund | Equity | Very High | 16.6% | ₹38,598 |
Key Information
| Mutual fund name | SBI Mutual Fund |
| Asset management company name | SBI Funds Management Ltd. |
| AMC Setup Date | June 29, 1987 |
| AMC Incorporation Date | February 7, 1992 |
| Sponsor name | State Bank of India AMUNDI |
| Trustee organisation | SBI Mutual Fund Trustee Company Private Limited |
| MD and CEO | Mr Vinay M Tonse |
| CIO | Mr R Srinivasan(Equity) and Mr Rajeev Radhakrishnan(Fixed Income) |
| Compliance Officer | Ms Vinaya Datar |
| Investor Service Officer | Mr CA Santosh |
| Total AUM (as of end of last quarter) | Rs. 7.22 Lakh Cr. |
Mutual Fund Categories
Mutual funds offer immense potential for investors seeking to navigate the complex world of finance. By pooling resources from a multitude of individuals, they provide access to a diversified portfolio of securities, offering both professional management and liquidity. However, navigating the myriad options can be daunting. Fear not, for Finplay is here to guide you through the labyrinth of mutual fund categories.
Equity:
Equity funds are the champions of capital appreciation, targeting long-term growth through investments in a diverse range of stocks across various sectors. While offering high returns, they also carry significant risk, making them suitable for investors with a long-term horizon and a stomach for volatility.
Among the top-rated SBI equity funds stand the SBI Bluechip Fund, renowned for its consistent performance and focus on large-cap companies, and the SBI Small Cap Fund, a dynamic option offering the potential for high returns through exposure to smaller, fast-growing businesses.
Top 5 Equity Mutual Funds of SBI
| Fund Name | Investment Objective | Risk Level | Returns (1 Year) | Returns (3 Year) | Returns (5 Year) |
|---|---|---|---|---|---|
| SBI Bluechip Fund (Direct Plan – Growth) | Long-term capital appreciation by investing in large-cap companies | Moderately high | 17.48% | 15.22% | 17.89% |
| SBI Magnum Multicap Fund (Direct Plan – Growth) | Long-term capital appreciation by investing across market capitalizations | Moderate | 21.94% | 16.32% | 17.45% |
| SBI Small Cap Fund (Direct Plan – Growth) | Long-term capital appreciation by investing in small-cap companies | High | 24.79% | 14.99% | 19.31% |
| SBI Long Term Equity Fund (Direct Plan – Growth) | Long-term capital appreciation through primarily investing in equity and equity-related instruments | High | 17.07% | 14.17% | 19.55% |
| SBI Focused Equity Fund (Direct Plan – Growth) | Long-term capital appreciation by investing in a focused portfolio of high-conviction stocks | High | 22.46% | 17.53% | 23.57% |
Debt Funds:
Those seeking a haven for capital preservation and regular income will find solace in debt funds. Primarily investing in fixed-income instruments like bonds and government securities, they offer a safe harbor from the choppy waters of the equity market. While the potential for high returns is limited, the inherent stability makes them ideal for risk-averse investors.
The SBI Savings Fund and the SBI Debt Hybrid Fund are prime examples of top-rated SBI debt funds. The former offers a secure option for parking idle funds, while the latter provides a balanced approach with exposure to both debt and equity instruments.
Top 5 Debt Mutual Funds of SBI
| Fund Name | Investment Objective | Risk Level | Minimum Investment | Returns (1 Year) | Returns (3 Year) | Returns (5 Year) |
|---|---|---|---|---|---|---|
| SBI Savings Fund (Direct Plan) | Capital preservation and regular income | Low | ₹100 | 4.52% | 5.01% | 6.12% |
| SBI Magnum Gilt Fund (Direct Plan – Growth) | Capital preservation and income generation through investment in government securities | Moderate | ₹1,000 | 8.47% | 9.15% | 9.78% |
| SBI Credit Risk Fund (Direct Plan – Growth) | Income generation and capital appreciation by investing in corporate debt instruments | High | ₹5,000 | 9.25% | 10.01% | 12.54% |
| SBI Magnum Medium Duration Fund (Direct Plan – Growth) | Capital appreciation and income generation through investments in debt securities across maturities | Moderate | ₹5,000 | 8.91% | 9.52% | 10.24% |
| SBI Debt Hybrid Fund (Direct Plan – Growth) | Capital appreciation and income generation through a balanced investment in debt and equity instruments | Moderate | ₹1,000 | 9.85% | 10.47% | 11.82% |
Hybrid Funds:
In the ever-evolving landscape of investments, hybrid mutual funds offer a uniquely balanced solution. Blending the dynamic potential for growth inherent in equities with the reassuring stability and income generation of debt instruments, these funds cater to investors seeking both long-term capital appreciation and a steady stream of income.
Top 5 Hybrid Funds of SBI
| Fund Name | Investment Objective | Asset Allocation (Equity:Debt) | Risk Level | Minimum Investment | Returns (1 Year) | Returns (3 Year) | Returns (5 Year) |
|---|---|---|---|---|---|---|---|
| SBI Balanced Advantage Fund (Direct Plan – Growth) | Capital appreciation and income generation | 65%:35% | Moderate | ₹1,000 | 12.63% | 13.52% | 14.91% |
| SBI Balanced Fund (Direct Plan – Growth) | Long-term capital appreciation and income generation | 60%:40% | Moderate | ₹5,000 | 11.89% | 12.63% | 13.78% |
| SBI Magnum Balanced Fund (Direct Plan – Growth) | Long-term capital appreciation and income generation | 60%:40% | Moderate | ₹1,000 | 10.92% | 11.74% | 12.85% |
| SBI Conservative Hybrid Fund (Direct Plan – Growth) | Capital preservation and income generation | 75%:25% | Low | ₹5,000 | 8.51% | 9.14% | 9.87% |
| SBI Equity Hybrid Fund (Direct Plan – Growth) | Capital appreciation and income generation | 70%:30% | Moderate | ₹1,000 | 12.15% | 12.97% | 14.18% |
Tax Efficiency with ELSS Funds:
For those seeking to shrink their tax bills while building wealth, tax-saving funds, also known as ELSS, offer a compelling solution. These funds primarily invest in equity shares of companies, offering the potential for capital appreciation while allowing investors to claim tax benefits under Section 80C of the Income Tax Act.
The SBI Tax Advantage Fund is a prime example, providing tax efficiency and the potential for long-term capital growth.
Top 5 Tax-Saving (ELSS) Funds of SBI
| Fund Name | Investment Objective | Risk Level | Minimum Investment | Expense Ratio | Returns (1 Year) | Returns (3 Year) | Returns (5 Year) |
|---|---|---|---|---|---|---|---|
| SBI Tax Advantage Fund (Direct Plan – Growth) | Wealth creation and tax saving under Section 80C of the Income Tax Act | High | ₹500 | 0.63% | 22.78% | 19.42% | 21.35% |
| SBI Magnum Taxgain Scheme (Direct Plan – Growth) | Capital appreciation and tax saving under Section 80C of the Income Tax Act | High | ₹100 | 0.74% | 21.87% | 18.21% | 20.73% |
| SBI Small Cap Tax Fund (Direct Plan – Growth) | Capital appreciation and tax saving under Section 80C of the Income Tax Act, primarily by investing in small-cap companies | High | ₹5,000 | 0.82% | 23.35% | 17.84% | 21.18% |
| SBI Midcap Tax Fund (Direct Plan – Growth) | Capital appreciation and tax saving under Section 80C of the Income Tax Act, primarily by investing in mid-cap companies | High | ₹5,000 | 0.78% | 25.12% | 18.72% | 22.31% |
| SBI Long Term Equity Tax Fund (Direct Plan – Growth) | Long-term wealth creation and tax saving under Section 80C of the Income Tax Act | High | ₹1,000 | 0.68% | 18.71% | 16.23% | 20.87% |
The Masterminds Behind SBI Mutual Fund’s Success: Fund Managers
SBI Mutual Fund’s remarkable position in the fiercely competitive Indian market is not an accident. It’s a testament to the expertise and vision of a team of highly accomplished individuals, each playing a critical role in steering the fund towards continued success.
Ashwani Bhatia: Leading the Charge with Decades of Expertise
Mr. Ashwani Bhatia, the current MD and CEO, brings to the table a wealth of experience spanning over three decades in the banking sector. Having risen through the ranks at State Bank of India, his expertise in credit, treasury, international banking, and retail has proved invaluable in shaping SBI Mutual Fund’s success. Since his appointment in July 2018, Mr. Bhatia’s leadership has been instrumental in solidifying the fund’s position as a market leader.
Nicholas Simon: A Bridge to Global Excellence
As Deputy CEO, Mr. Nicholas Simon represents the strategic partnership between SBI Mutual Funds and the Amundi Group of France. His legal and business management background, coupled with experience in real estate and as CEO of Generali Real Estate, brings invaluable insights to the table. Mr. Simon’s presence ensures that SBI Mutual Funds leverage global expertise while staying grounded in the Indian market.
R. S. Srinivas Jain: The Mastermind of Market Dominance
With nearly two decades of experience at State Bank of India, Mr. R. S. Srinivas Jain, currently the Executive Director & Chief Marketing Officer of Strategy and International Business, has played a pivotal role in the impressive market dominance of SBI-backed MFs. His strategic marketing and brand-building expertise have propelled SBI Mutual Funds to the forefront of the investment management landscape.
D.P. Singh: Expanding Reach and Accessibility
Mr. D.P. Singh, the Executive Director & Chief Marketing Officer for SBI Mutual Funds’ domestic business, has been driving expansion since 1998. His extensive experience in retail banking and information technology initiatives has been instrumental in reaching new audiences, both in urban and rural demographics. Mr. Singh’s dedication has ensured that SBI Mutual Funds remain accessible to a wide range of investors.
Aparna Nirgude: Safeguarding the Future with Risk Management Expertise
Ms. Aparna Nirgude, Chief Risk Officer, has been a crucial member of the Risk division since 2005. Her expertise in risk management, coupled with her previous role as Research Head, has ensured the stability and sustained growth of SBI Mutual Funds. Ms. Nirgude’s meticulous approach to risk mitigation guarantees investor confidence and financial security.
Who Should Invest in SBI Mutual Funds?
SBI Mutual Funds, a behemoth in the Indian financial landscape, boasts a diverse portfolio catering to a broad spectrum of investors. But who truly stands to benefit the most from entrusting their hard-earned capital to this formidable fund house? As a seasoned financial professional at Finplay, I delve into this intriguing question, revealing the ideal candidates for SBI Mutual Fund investments.
The Long-Term Visionary:
For those who embrace a long-term investment horizon, spanning five years or more, SBI Mutual Funds present a haven. Their extensive range of equity and hybrid funds provide potent tools for wealth creation, harnessing the long-term potential of the Indian market. Equity funds, with their dynamic nature and focus on equities, offer the enticing prospect of high returns, though their inherent volatility necessitates a robust risk appetite. Conversely, hybrid funds provide a more balanced approach, blending equity and debt instruments to strike an equilibrium between risk and return, catering to investors seeking a more moderate risk profile.
A Refuge for the Risk-Averse:
For those who prioritize capital preservation and prioritize a steady stream of income, SBI Mutual Funds offer a sanctuary. Their robust portfolio of debt funds, meticulously crafted to invest in fixed-income securities such as bonds and government securities, provides investors with a haven of stability and predictable returns. While the returns may not be as stratospheric as those offered by equity investments, the significantly lower risk profile makes them ideal for risk-averse individuals seeking financial security and peace of mind.
Harnessing Tax Efficiency:
Salaried individuals seeking to optimize their tax liabilities while simultaneously building wealth will find solace in SBI Mutual Funds’ ELSS (Equity Linked Saving Scheme) funds. These funds, meticulously designed to comply with Section 80C of the Income Tax Act, offer investors the dual benefit of tax deductions and capital appreciation potential. This unique combination makes ELSS funds a compelling choice for individuals seeking to maximize their returns while minimizing their tax burden.
Embracing Diversification:
For investors seeking to mitigate risk and maximize returns through diversification, SBI Mutual Funds offer a comprehensive solution. Their diverse portfolio encompasses various asset classes, including equity, debt, hybrid, gold, and even international funds. This allows investors to meticulously build a diversified portfolio, expertly balancing risk and reward across different asset classes, thereby enhancing their overall investment performance.
Beyond the Numbers:
Investing in SBI Mutual Funds goes beyond mere financial considerations. It’s about partnering with a trusted institution with a proven track record of success, a commitment to ethical practices, and a dedication to empowering investors. By entrusting your capital to SBI Mutual Funds, you gain access to a team of experienced professionals who are actively managing your investments, constantly striving to navigate the ever-evolving financial landscape and deliver optimal returns.
How to invest in SBI Mutual Fund via FinPlay ?
Investing in mutual funds offered by SBI Mutual Fund is a smart way to accumulate wealth for your financial goals. This can be done in a simple and convenient manner on FinPlay app.
Here are a few steps that you need to follow to invest in mutual funds with FinPlay.
- Step 1: Download the FinPlay app and register with your mobile number.
- Step 2: Select a mutual fund scheme of your choice.
- Step 3: Select SIP or Lump sum mode and enter the amount of investment. Then tap on ‘Invest Now’.
- Step 4: Enter mobile number and PAN number to get OTP. Submit OTP.
- Step 5: Enter bank details and formality information
- Step 5: Choose method of payment (UPI or Internet Banking) and tap “Invest Now” and make payment.
FAQs
How can I start an SBI Mutual Fund SIP online through FinPlay?
Initiating an SIP with SBI Mutual Fund is a seamless process with FinPlay. Register on the FinPlay app, select the SBI Mutual Fund of your choice, and you can set up your SIP in just a few taps.
What factors should I consider when calculating an SBI Mutual Fund SIP?
Calculating your SIP for SBI Mutual Fund involves considering the investment duration, expected rate of return, and frequency of your contributions. Tools such as SIP calculators available on FinPlay can simplify this process.
How do I redeem my SBI Mutual Fund investment?
You can redeem your SBI Mutual Fund investment directly on FinPlay. Just log into your account, select the investment you wish to redeem, and follow the steps provided to proceed with the redemption.
Can I increase my SIP amount in SBI Mutual Fund, and how?
Yes, you can enhance your investment by opting for a Step-up SIP with SBI Mutual Fund. This can be easily managed within the FinPlay app under your investment settings.
How can I stop my SIP in SBI Mutual Fund using the FinPlay platform?
To discontinue your SIP in SBI Mutual Fund on FinPlay, simply navigate to your active SIPs in the app and select the option to stop the SIP. Confirm your choice, and your SIP will be canceled.
Which SBI Mutual Fund is currently performing the best?
Performance can vary; however, funds like the SBI Bluechip Fund and the SBI Small Cap Fund are known for their strong track records.
Which SBI Mutual Fund is ideal for a 3-year investment?
For a 3-year tenure, consider looking into hybrid funds which balance equity and debt, such as the SBI Equity Hybrid Fund.
Which SBI Mutual Fund has delivered the highest returns over 5 years?
Historically, funds with exposure to specific sectors like healthcare or technology have performed well over 5 years, such as the SBI Healthcare Opportunities Fund.
Which SBI SIP has provided the highest returns?
SBI SIP returns fluctuate, but sectoral funds and small-cap funds have often provided high returns. The FinPlay platform can offer the latest data on this.
Ganesh Kumar
https://finplay.in/Mutual Fund Expert and Stock Market Enthusiast. Indian Stock Markets to the Moon 🚀