Top 10 SBI Mutual Funds You Can Consider Investing

The State Bank of India (SBI) doesn’t need an introduction. It is one of the largest and oldest banks in India. Not just in banking but also in asset management, SBI holds a prominent name. SBI Mutual Fund house holds about Rs. 7,15,648 crore worth AUM (Assets Under Management). They have over 100 mutual fund schemes of different categories that cater to various investors. 

When there are several mutual fund schemes, it can be difficult to find the best ones to invest in. But worry not! In this article, we have listed the top SBI mutual funds according to their 5-yr CAGR to help you in your decision-making. Read on to find out. 

Top SBI Mutual Funds in India

The above-mentioned list of top 10 SBI Mutual Funds is based on 5-yr CAGR and is dated as of 22nd May 2023.

• SBI Tax Advantage Fund-III

This fund by SBI is an Equity Linked Savings Scheme (ELSS) launched on 28th March 2014. SBI Tax Advantage Fund – III works with the objective of generating capital over a tenure of 10 years by investing primarily in equity and equity-related instruments along with tax benefits. The absolute 1-yr return of the fund is 17.19% and the minimum investment required is Rs. 500.

• SBI Technology Opportunities Fund

SBI Technology Opportunities Fund is a sectoral fund by SBI launched in January 2013. This fund works with the objective of generating long-term capital by investing primarily in equity and equity-related instruments in technology companies. The absolute 1-yr return of the fund is 11.16%. The minimum investment required in SBI Technology Opportunities Fund is Rs. 5,000. The scheme also accepts SIP investments with a minimum investment of Rs. 500. 

• SBI Long Term Advantage Fund-IV

This fund by SBI is an Equity Linked Savings Scheme (ELSS) launched in March 2017. SBI Long Term Advantage Fund – IV works to generate capital over the long term by investing primarily in equity and equity-related instruments along with tax benefits. The absolute 1-yr return of the fund is 13.49% and the minimum investment required is Rs. 500.

• SBI Contra Fund

SBI Contra Fund is a sectoral fund by SBI launched in January 2013. This fund intends to generate long-term capital by investing primarily in equity and equity-related instruments. It follows a contrarian investment strategy. The absolute 1-yr return of the fund is 25.18%. The minimum investment required for SBI Contra Fund is Rs. 5,000 and the fund also accepts SIP investments with a minimum investment of Rs. 500. 

• SBI Long Term Advantage Fund-III

This fund by SBI is an Equity Linked Savings Scheme (ELSS) launched in March 2016. SBI Long Term Advantage Fund – III works to generate capital over the long term by investing primarily in equity and equity-related instruments along with tax benefits. The absolute 1-yr return on the fund is 19.10% and the minimum investment required is Rs. 500.

• SBI Small Cap Fund

SBI Small Cap Fund is a small-cap fund by SBI launched in January 2009. This fund works intending to generate long-term capital by investing primarily in equity and equity-related instruments of small-cap companies. The absolute 1-yr return on SBI Small Cap Fund is 19.29% and the minimum SIP investment required is Rs. 500. 

• SBI Healthcare Opportunities Fund

This fund by SBI is a sectoral fund launched in January 2013. SBI Healthcare Opportunities Fund works intending to generate capital over the long term by investing primarily in equity and equity-related instruments of pharma and related companies. The absolute 1-yr return on the fund is 12.81% and the minimum investment required is Rs. 5,000. SBI Healthcare Opportunities Fund also accepts SIP investments with a minimum investment of Rs. 500.

• SBI Magnum Midcap Fund

SBI Magnum Midcap Fund is a mid-cap fund by SBI launched in January 2013. This fund works to generate long-term capital by investing primarily in equity and equity-related instruments of mid-cap companies. The absolute 1-yr return on the fund is 20.44% and the minimum SIP investment required is Rs. 5,000. SBI Magnum Midcap Fund also accepts SIP investments with a minimum investment of Rs. 500.

• SBI Long Term Advantage Fund-II

This fund by SBI is an Equity Linked Savings Scheme (ELSS) launched in March 2015. SBI Long Term Advantage Fund – II works to generate capital over the long term by investing primarily in equity and equity-related instruments along with tax benefits. The absolute 1-yr return on the fund is 17.50% and the minimum investment required is Rs. 500.

• SBI Long Term Advantage Fund-I

This fund by SBI is an Equity Linked Savings Scheme (ELSS) launched in February 2015. SBI Long Term Advantage Fund – I work with the objective of generating capital over the long term by investing primarily in equity and equity-related instruments along with tax benefits. The absolute 1-yr return on the fund is 18.67% and the minimum investment required is Rs. 500.

Conclusion

The above-mentioned are the top SBI mutual funds in India based on 5-yr CAGR. However, it is important to consider other metrics such as risk, expense ratio, volatility and other factors like your investment goal and risk tolerance before investing in any of the schemes. Understand the working of the mutual funds well before making a decision. And to achieve your investment goals, open a Demat Account for free on Angel One now. Happy Investing! 

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Disclaimer: This article has been written for educational purposes only. The funds/schemes quoted are only examples and not recommendations.