|
Fund Name
|
Ratings
 |
Risk
|
3Y Returns
|
AUM
|
|
|---|---|---|---|---|---|
|
SBI PSU Fund Equity Sectoral / Thematic |
Very High |
30.72% |
₹4,788.77 cr. |
||
|
SBI PSU Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
30.72% |
₹4,788.77 cr. |
||
|
SBI PSU Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
30.72% |
₹4,788.77 cr. |
||
|
SBI Long Term Equity Fund Direct Plan IDCW Reinvestment Equity ELSS |
Very High |
24.37% |
₹28,732.52 cr. |
||
|
SBI Healthcare Opportunities Fund Equity Sectoral / Thematic |
Very High |
23.81% |
₹3,610.51 cr. |
||
|
SBI Healthcare Opportunities Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
23.81% |
₹3,610.51 cr. |
||
|
SBI Healthcare Opportunities Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
23.81% |
₹3,610.51 cr. |
||
|
SBI Infrastructure Fund Equity Sectoral / Thematic |
Very High |
23.45% |
₹4,680.96 cr. |
||
|
SBI Infrastructure Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
23.44% |
₹4,680.96 cr. |
||
|
SBI Infrastructure Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
23.44% |
₹4,680.96 cr. |
||
|
SBI Long Term Equity Fund Direct Plan IDCW Payout Equity ELSS |
Very High |
23.17% |
₹27,730.33 cr. |
||
|
SBI Long Term Equity Fund Equity ELSS |
Very High |
23.16% |
₹27,730.33 cr. |
||
|
SBI Contra Fund Equity Contra Fund |
Very High |
21.34% |
₹42,220.04 cr. |
||
|
SBI Contra Fund Direct Plan IDCW Payout Equity Contra Fund |
Very High |
21.34% |
₹42,220.04 cr. |
||
|
SBI Contra Fund Direct Plan IDCW Reinvestment Equity Contra Fund |
Very High |
21.34% |
₹42,220.04 cr. |
||
|
SBI Gold Fund Direct Plan IDCW Payout Other FoFs Domestic |
Very High |
20.34% |
₹3,582.23 cr. |
||
|
SBI Gold Fund Other FoFs Domestic |
Very High |
20.34% |
₹3,582.23 cr. |
||
|
SBI Gold Fund Direct Plan IDCW Reinvestment Other FoFs Domestic |
Very High |
20.34% |
₹3,582.23 cr. |
||
|
SBI Magnum Children'S Benefit Fund Investment Solution Oriented Childrens Fund |
Very High |
20.33% |
₹3,225.79 cr. |
||
|
SBI Banking and Financial Services Fund Equity Sectoral / Thematic |
Very High |
18.77% |
₹7,111.34 cr. |
||
|
SBI Banking and Financial Services Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
18.77% |
₹7,111.34 cr. |
||
|
SBI Banking and Financial Services Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
18.77% |
₹7,111.34 cr. |
||
|
SBI Consumption Opportunities Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
17.58% |
₹2,903.68 cr. |
||
|
SBI Consumption Opportunities Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
17.58% |
₹2,903.68 cr. |
||
|
SBI Consumption Opportunities Fund Equity Sectoral / Thematic |
Very High |
17.58% |
₹2,903.68 cr. |
||
|
SBI Multicap Fund Direct Plan IDCW Payout Equity Multi Cap Fund |
Very High |
17.43% |
₹19,192.41 cr. |
||
|
SBI Multicap Fund Direct Plan IDCW Reinvestment Equity Multi Cap Fund |
Very High |
17.43% |
₹19,192.41 cr. |
||
|
SBI Multicap Fund Equity Multi Cap Fund |
Very High |
17.43% |
₹19,192.41 cr. |
||
|
SBI Magnum Midcap Fund Direct Plan IDCW Payout Equity Mid Cap Fund |
Very High |
17.35% |
₹20,890.26 cr. |
||
|
SBI Magnum Midcap Fund Direct Plan IDCW Reinvestment Equity Mid Cap Fund |
Very High |
17.35% |
₹20,890.26 cr. |
SBI Mutual Fund was the second mutual fund in India after UTI. It was a joint venture between the largest and the most profitable Indian public sector bank, SBI and French asset management company, Amundi.
SBI Mutual Funds was founded on June 29, 1987, under the SBI Mutual Fund Trustee Company Private Limited and incorporated in 1992. In 2004, Amundi bought a 37% stake from SBI and became a JV partner to offer mutual fund investments to Indian investors.
As one of the oldest and largest asset management companies, SBI Asset Management is a pioneer in the field. It has 36 years of history in helping Indian investors create wealth. SBI MF moved past Aditya Birla and HDFC Mutual Fund in 2019 to become the third largest in the segment. As of February 2023, SBI Asset Management had a total of ~₹4,49,169 crore assets under management.
SBI Mutual Fund was the first Indian mutual fund company to introduce the ‘Contra’ fund in India. They also launched the first ESG fund in India. ESG is an acronym for Environment, Social and Governance Funds. ESG funds offer sustainable investment opportunities in global companies with strong social, environmental and governance practices.
SBI Asset Management has 146 funds, which include some of the best SBI Mutual Fund Investment schemes. In a separate section, we have discussed the best SBI Mutual Fund for investment.
As a part of India’s largest PSU bank, SBI Mutual Fund enjoys people’s trust. SBI MF has a long legacy and tracks a record as being one of the largest mutual fund companies. With technological advances, investors can research and apply to SBI Mutual Funds online.
The following are some of the key information regarding the ICICI asset management company
| Founding date | June 29,1987 |
| AMC Incorporation date | February 7, 1992 |
| Headquarters in | Mumbai |
| Name of the sponsors | State Bank of India & Amundi |
| Trustee organisation | SBI Mutual Fund Trustee Company Pvt. Ltd. |
| MD and CEO | Vinay M Tonse |
| Chief Investment Officer | R Srinivasan (Equity) & Rajeev Radhakrishnan (Fixed Income) |
| Compliance Officer | Vinaya Datar |
| Investor Service Officer | CA Santosh |
RS
R Srinivasan
Fund Manager since Apr 2022 (3 years)
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R Srinivasan, Head of Equity at SBI Funds Management since May 2009, brings over 25 years of equity experience. His previous roles include positions at Future Capital Holding, Principal PNB, and Motilal Oswal. He holds a postgraduate degree in Commerce and an MFM from the University of Mumbai.
DB
Dinesh Balachandran
Fund Manager since Apr 2022 (3 years)
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Mr.Dinesh is a B.Tech from IIT-B, M.S. from MIT USA and CFA. Prior to joining SBI Funds Management Pvt. Ltd. he has worked with Fidelity Investments, USA.
RS
Raviprakash Sharma
Fund Manager since Apr 2022 (3 years)
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Raviprakash Sharma is a Chartered Accountant and CFA (USA). Before joining SBI Mutual Fund, he worked at various firms like HDFC AMC, Citigroup Wealth Advisors India Pvt. Ltd, Kotak Securities, Times Investors Services Pvt. Ltd. and Birla Sun Life Securities. Currently, he is the Chief Trader - Equities; Fund Manager (ETFs / Index Funds) at SBI Mutual Fund.
TD
Tanmaya Desai
Fund Manager since May 2024 (11 months)
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Mr. Desai has been working at SBI Funds Management Private Ltd since May 2008. Prior to SBI Funds Management Pvt. Ltd. he was a lecturer in Electronics Department with D. J. Sanghvi College of Engineering, Mumbai.
RS
Rama Iyer Srinivasan
Fund Manager since Apr 2022 (3 years)
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Mr. Srinivasan is currently working at SBI Funds Management as a Fund Manager. Before that, he was with Future Capital Holding, where he worked as Head - Portfolio Management. Before that he worked with many organizations viz. Principal PNB AMC, Imperial Investment Adivsor, Indosuez W.I. Carr Securities, Inquire (Indian Equity Research), Sunidhi Consultancy (Research units) and Capital Market publishers etc.
RS
Rohit Shimpi
Fund Manager since Feb 2023 (2 years)
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Rohit Shimpi is a Chartered Financial Analyst (CFA) and did his PGDBM. He worked at CNBC TV18, JP Morgan’s Offshore Research Centre and HDFC Standard Life Insurance before joining SBI Mutual Fund.
BV
Bhavin Vithiani
Fund Manager since Aug 2014 (10 years)
Investing in the best SBI Mutual Funds or any other mutual fund is simple from your Angel One account. You need to follow the steps below.
Step 1: Log in to your Angel One account with your mobile number and validate with OTP. Next, enter the MPIN.
Note: If you don’t have an Angel One Demat account, you can open one quickly by completing the online account opening process.
Step 2: Determine which fund is most suited based on your needs and risk profile. You can learn more about each fund on the Angel One app. Things to consider at this stage are:
Step 3: Once you have selected the fund(s), log in to your Angel One account and go to the mutual fund section. You can select the fund from there.
Since, mutual funds are often a long term investment, be careful when choosing an option to invest.
With Angel One, investing in SBI Mutual Funds is a smooth yet digital experience. Whether you’re a novice or a seasoned investor, we’ve simplified the process for you. To initiate your investment journey, you’ll need to furnish the following essential documents:
Our user-friendly platform ensures a seamless KYC verification, granting you quick access to SBI Mutual Funds. Your financial aspirations are now closer than ever. In just 48-72 business hours, your KYC process will be completed, and you can set off on your mutual fund journey.
| Scheme | Category | AUM (in ₹ Cr) | 3-Yr Returns (%) | 1-Yr Return (%) |
| SBI PSU Fund | Equity | 4,542.83 | 29.70 | -4.62 |
| SBI Healthcare Opp Fund | Equity | 3,521.93 | 23.72 | 15.68 |
| SBI Long Term Equity Fund | Equity | 27,305.51 | 23.22 | 9.39 |
| SBI Infrastructure Fund | Equity | 4,867.23 | 22.47 | 0.76 |
| SBI Contra Fund | Equity | 42,180.93 | 22.36 | 5.49 |
| SBI Magnum Children’s Benefit Fund-Investment Plan | Equity | 3,124.02 | 19.71 | 19.99 |
| SBI Gold | Equity | 2,919.72 | 18.83 | 37.41 |
| SBI Consumption Opp Fund | Equity | 2,940.27 | 17.98 | 6.72 |
| SBI Magnum Midcap Fund | Equity | 21,177.20 | 17.09 | 6.96 |
| SBI Large & Midcap Fund | Equity | 29,267.74 | 16.45 | 7.41 |
Note: The above data is as of February 2025, and the selected funds have demonstrated the highest Compound Annual Growth Rate (CAGR) among SBI Mutual Funds over the past 3 years.
The SBI PSU Fund is an open-ended equity scheme that invests predominantly in public sector undertakings (PSUs) across various sectors. The fund aims to provide investors with opportunities for long-term capital appreciation by focusing on companies where the government holds a majority stake.
Managed by Rohit Shimpi, the scheme is benchmarked against the NIFTY PSU Total Return Index. The fund imposes an exit load of 0.50% if units are redeemed within 30 days from the date of allotment.
The SBI Healthcare Opportunities Fund is an open-ended equity scheme investing primarily in the healthcare and pharmaceutical sectors. The fund seeks to achieve long-term capital growth by identifying companies with robust growth potential within the healthcare industry.
Managed by Tanmaya Desai and Pradeep Kesavan, the scheme is benchmarked against the S&P BSE Healthcare Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.
The SBI Long Term Equity Fund is an open-ended equity-linked savings scheme (ELSS) with a statutory lock-in period of three years, offering tax benefits under Section 80C of the Income Tax Act. The fund aims to provide investors with opportunities for long-term capital growth by investing across market capitalisations.
Managed by Dinesh Balachandran, the scheme is benchmarked against the NIFTY 500 Total Return Index. Since the fund has a mandatory lock-in period of 3 years, no exit load is applicable.
The SBI Infrastructure Fund is an open-ended equity scheme investing in companies directly or indirectly involved in infrastructure development. The fund seeks to provide investors with long-term capital appreciation by capitalising on the growth potential of the infrastructure sector.
Managed by Bhavin Vithlani, the scheme is benchmarked against the NIFTY Infrastructure Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.
The SBI Contra Fund is an open-ended equity scheme following a contrarian investment strategy, focusing on undervalued stocks with strong fundamentals that are currently out of favour in the market. The fund aims to provide long-term capital appreciation by identifying and investing in such opportunities.
Managed by Dinesh Balachandran and Pradeep Kesavan, the scheme is benchmarked against the NIFTY 500 Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.
The SBI Magnum Children’s Benefit Fund – Investment Plan is an open-ended fund designed to meet the investment needs of children, aiming for long-term capital appreciation. The fund invests in a mix of equity, equity-related instruments, and debt securities to provide a balanced approach to growth and stability.
Managed by R. Srinivasan, Rajeev Radhakrishnan, and Pradeep Kesavan, the scheme is benchmarked against a composite index comprising the NIFTY 50 (65%) and CRISIL Short Term Bond Index (35%). The fund imposes an exit load of 3% if units are redeemed within 1 year from the date of allotment, 2% if redeemed after 1 year but within 2 years, and 1% if redeemed after 2 years but before 3 years.
The SBI Gold Fund is an open-ended fund of fund scheme that invests predominantly in units of SBI Gold Exchange Traded Scheme (SBI GETS). The fund aims to provide returns that closely correspond to the returns provided by SBI GETS, which in turn tracks the domestic price of gold.
Managed by Raviprakash Sharma, the scheme offers investors an opportunity to invest in gold without the need for physical possession. The fund imposes an exit load of 1% if units are redeemed within 15 days from the date of allotment.
The SBI Consumption Opportunities Fund is an open-ended equity scheme investing in companies that are expected to benefit from the growth in consumption and related activities. The fund seeks to provide long-term capital appreciation by focusing on sectors such as consumer goods, automobiles, media, and retail.
Managed by Ashit Desai, the scheme is benchmarked against the NIFTY India Consumption Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.
The SBI Magnum Midcap Fund is an open-ended equity scheme investing predominantly in mid-cap companies. The fund aims to provide investors with opportunities for long-term capital appreciation by focusing on companies with a market capitalisation within the NIFTY Midcap 150 Index.
Managed by Bhavin Vithlani, the scheme is benchmarked against the NIFTY Midcap 150 Total Return Index. The fund imposes an exit load of 1% if units are redeemed within 1 year from the date of allotment.
The SBI Large & Midcap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The fund aims to provide long-term capital appreciation by capturing growth opportunities across established large-cap companies and emerging mid-cap companies.
Managed by Saurabh Pant and Pradeep Kesavan, the scheme is benchmarked against the NIFTY LargeMidcap 250 Total Return Index. The fund imposes an exit load of 0.10% if units are redeemed within 30 days from the date of allotment.
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