|
Fund Name
|
Ratings
 |
Risk
|
3Y Returns
|
AUM
|
|
|---|---|---|---|---|---|
|
SBI PSU Fund Equity Sectoral / Thematic |
Very High |
38.57% |
₹4,471.14 cr. |
||
|
SBI PSU Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
38.57% |
₹4,471.14 cr. |
||
|
SBI PSU Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
38.57% |
₹4,471.14 cr. |
||
|
SBI Infrastructure Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
27.25% |
₹4,962.73 cr. |
||
|
SBI Infrastructure Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
27.25% |
₹4,962.73 cr. |
||
|
SBI Infrastructure Fund Equity Sectoral / Thematic |
Very High |
27.25% |
₹4,962.73 cr. |
||
|
SBI Long Term Equity Fund Direct Plan IDCW Payout Equity ELSS |
Very High |
25.52% |
₹27,559.31 cr. |
||
|
SBI Long Term Equity Fund Equity ELSS |
Very High |
25.48% |
₹27,559.31 cr. |
||
|
SBI Contra Fund Equity Contra Fund |
Very High |
25.37% |
₹40,486.05 cr. |
||
|
SBI Contra Fund Direct Plan IDCW Payout Equity Contra Fund |
Very High |
25.37% |
₹40,486.05 cr. |
||
|
SBI Contra Fund Direct Plan IDCW Reinvestment Equity Contra Fund |
Very High |
25.37% |
₹40,486.05 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 |
23.69% |
₹3,416.13 cr. |
||
|
SBI Healthcare Opportunities Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
23.69% |
₹3,416.13 cr. |
||
|
SBI Healthcare Opportunities Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
23.69% |
₹3,416.13 cr. |
||
|
SBI Consumption Opportunities Fund Direct Plan IDCW Payout Equity Sectoral / Thematic |
Very High |
22.94% |
₹3,014.92 cr. |
||
|
SBI Consumption Opportunities Fund Direct Plan IDCW Reinvestment Equity Sectoral / Thematic |
Very High |
22.94% |
₹3,014.92 cr. |
||
|
SBI Consumption Opportunities Fund Equity Sectoral / Thematic |
Very High |
22.94% |
₹3,014.92 cr. |
||
|
SBI Long Term Advantage Fund Series Iii Equity ELSS |
Moderately High |
22.8% |
₹78.17 cr. |
||
|
SBI Long Term Advantage Fund Series Iii Direct Plan IDCW Payout Equity ELSS |
Moderately High |
22.8% |
₹78.17 cr. |
||
|
SBI Magnum Children'S Benefit Fund Investment Solution Oriented Childrens Fund |
Very High |
22.52% |
₹2,824.86 cr. |
||
|
SBI Long Term Advantage Fund Series I Equity ELSS |
Moderately High |
21.49% |
₹52.72 cr. |
||
|
SBI Long Term Advantage Fund Series I Direct Plan IDCW Payout Equity ELSS |
Moderately High |
21.49% |
₹52.72 cr. |
||
|
SBI Small Cap Fund Direct Plan IDCW Payout Equity Small Cap Fund |
Very High |
21.14% |
₹33,107.25 cr. |
||
|
SBI Small Cap Fund Direct Plan IDCW Reinvestment Equity Small Cap Fund |
Very High |
21.14% |
₹33,107.25 cr. |
||
|
SBI Small Cap Fund Equity Small Cap Fund |
Very High |
21.14% |
₹33,107.25 cr. |
||
|
SBI Magnum Midcap Fund Direct Plan IDCW Payout Equity Mid Cap Fund |
Very High |
20.08% |
₹21,406.76 cr. |
||
|
SBI Magnum Midcap Fund Direct Plan IDCW Reinvestment Equity Mid Cap Fund |
Very High |
20.08% |
₹21,406.76 cr. |
||
|
SBI Magnum Midcap Fund Equity Mid Cap Fund |
Very High |
20.08% |
₹21,406.76 cr. |
||
|
SBI Large and Midcap Fund Direct Plan IDCW Payout Equity Large & Mid Cap Fund |
Very High |
19.37% |
₹28,660.38 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 (2 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.
SA
Sohini Andani
Fund Manager since Feb 2015 (9 years)
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Sohini Andani is a Chartered Accountant from Institute of Chartered Accountant of India. She joined SBI Mutual Funds as a Fund Manager. Before joining SBI Mutual Fund, she was a Senior Research Analyst at ING Investment Management.
DB
Dinesh Balachandran
Fund Manager since Apr 2022 (2 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.
SP
Saurabh Pant
Fund Manager since Sep 2016 (8 years)
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Saurabh Pant did his Masters Degree in Business Economics from the University of Delhi and joined SBI Fund Management as a Research Analyst.
RD
Richard D`souza
Fund Manager since Aug 2014 (10 years)
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Richard D`souza did B.Sc from University of Mumbai. He worked at Alchemy Shares and Brokerage Firm and ASK Investment Managers Private Limited before joining SBI Mutual Fund.
TD
Tanmaya Desai
Fund Manager since May 2024 (6 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.
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.
The following are some of the top-performing SBI Mutual Funds in India. You can apply for all SBI Mutual Fund Schemes online from your Angel One Demat account.
| Name of the Fund | Sub category | AUM (₹in crore) | Minimum Investment (₹) | CAGR 3Y (%) | CAGR 5Y (%) |
| SBI Magnum Children’s Benefit Fund-Investment Plan | Solution Oriented – Children’s Fund | 1180.63 | 5000 | 44.48 | – |
| SBI Contra Fund | Contra Fund | 14607.92 | 500 | 39.76 | 23.02 |
| SBI PSU Fund | Thematic Fund | 679 | 1500 | 38.56 | 16.58 |
| SBI Magnum Midcap Fund | Mid Cap Fund | 12555.2 | 1500 | 35.45 | 22.69 |
| SBI Infrastructure Fund | Sectoral Fund – Infrastructure | 1209 | 1000 | 35.23 | 21.87 |
| SBI LT Advantage Fund | Equity Linked Savings Scheme (ELSS) | 183.92 | 500 | 34.83 | 25.56 |
| SBI Consumption Opp Fund | Sectoral Fund – Consumption | 1574.73 | 1000 | 34 | 18.07 |
| SBI Small Cap Fund | Small Cap Fund | 20911.69 | 500 | 33.26 | 23.45 |
| SBI Tax Advantage Fund | Equity Linked Savings Scheme (ELSS) | 31.69 | 500 | 30.13 | 27.31 |
| SBI Large & Midcap Fund | Large & Mid Cap Fund | 14682.26 | 1500 | 29.26 | 17.78 |
**All data as of October 4, 2023.
Selection Criteria: The funds chosen have demonstrated the highest Compound Annual Growth Rate (CAGR) over the past three years.
Let us delve into the best SBI Mutual Funds in India:
This fund falls under the category of a Solution Oriented – Children’s Fund. It primarily deals with investments for the benefit of children. The fund currently holds assets under management (AUM) worth ₹1,180.63 crore. Its expense ratio stands at 0.94%. Over the past 3 years, the fund has shown a Compounded Annual Growth Rate (CAGR) of 44.48%. For initial investments, a minimum amount of ₹5,000 is required.
SBI Contra Fund is categorised as a Contra Fund. It involves investing in a manner opposite to prevailing market trends. The fund’s total assets under management (AUM) amount to ₹14,607.92 crore, with an expense ratio of 0.78%. Over a three-year period, the fund has demonstrated a CAGR of 39.76%. The minimum investment amount for this fund is ₹500.
Classified as a Thematic Fund, the SBI PSU Fund focuses on investments related to public sector undertakings (PSUs). Its assets under management (AUM) are valued at ₹679 crore, with an associated expense ratio of 1.34%. Over the last 3 years, the fund has displayed a CAGR of 38.56%. To invest in this fund, a minimum amount of ₹1,500 is required.
Falling into the category of a Mid Cap Fund, SBI Magnum Midcap Fund primarily invests in mid-sized companies. Its AUM currently stands at ₹12,555.2 crore, with an expense ratio of 0.9%. The fund has delivered a CAGR of 35.45% over the past three years. The minimum initial investment required for this fund is ₹1,500.
Categorised as a Sectoral Fund with a focus on infrastructure-related investments, SBI Infrastructure Fund manages assets worth ₹1,209 crore. The fund bears an expense ratio of 1.76%. Over a 3-year period, the fund has exhibited a CAGR of 35.23%. The minimum investment amount for this fund is ₹1,000.
SBI LT Advantage Fund-IV is an Equity Linked Savings Scheme (ELSS), providing tax-saving benefits. It currently manages an AUM of ₹183.92 crore, with an expense ratio of 0%. Over the last 3 years, the fund has shown a CAGR of 34.83%. Minimum investment amount of ₹500 is required for this fund.
Categorised as a Sectoral Fund focused on consumption-related investments, SBI Consumption Opp Fund manages assets totalling ₹1574.73 crore. The expense ratio of this SBI Mutual Fund Scheme is 1.08%. Over the past 3 years, the fund has shown a CAGR of 34%. The minimum investment amount required is ₹1000.
SBI Small Cap Fund is classified as a Small Cap Fund, primarily investing in small-cap companies. The fund’s AUM stands at ₹20,911.69 crore, with an expense ratio of 0.69%. Over a 3-year period, the fund has displayed a CAGR of 33.26%. A minimum investment amount of ₹500 is required for this fund.
SBI Tax Advantage Fund-III is an Equity Linked Savings Scheme (ELSS), offering tax-saving opportunities. Its AUM is valued at ₹31.69 crore, with an expense ratio of 0%. Over a 3-year period, the fund has exhibited a CAGR of 30.13%. Minimum investment amount of ₹500 is required for this fund.
This particular mutual fund operates as a Large & Mid Cap Fund, signifying its investment focus. The fund manages assets totalling ₹14,682.26 crore. It maintains an expense ratio of 0.85%. Over the past 3 years, it has delivered a Compound Annual Growth Rate (CAGR) of 29.26%. For investors, the minimum entry point into this fund is ₹1,500.
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