SBI Mutual Fund is one of the most trusted mutual fund companies in India today. People demand for the best SBI SIP plans even though there are other mutual funds companies offering many mutual funds.

Systematic Investment Plan in SBI mutual funds has been in greater demand than SIP in many other mutual fund companies. Let us see some of the best SIP options by State Bank of India Mutual Funds.

SBI Mutual Fund Renaming and Re-Categorization: The Fully Updated List

Best SBI SIP Funds – At a glance

SBI Small Cap Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Small Cap Fund - Direct - Growth -9.02% 16.93% NA Equity
(Small Cap)
Moderately High
SBI Focused Equity Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Focused Equity Fund - Direct - Growth 1.27% 12.66% 20.32% Equity
(Focused)
Moderately High
SBI Bluechip Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Bluechip Fund - Direct - Growth -1.6% 10.81% 17.71% Equity
(Large Cap)
Moderately High
SBI Magnum Multicap
Fund Name 1Y 3Y 5Y Category Risk
SBI Magnum Multi Cap Fund - Direct - Growth -3.57% 12.69% 20.55% Equity
(Multi Cap)
Moderately High
SBI Large and Midcap fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Large and Midcap Fund - Direct - Growth -2.13% 11.21% 18.73% Equity
(Large & Mid Cap)
Moderately High
SBI Equity Hybrid Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Equity Hybrid Fund - Direct - Growth 0.02% 10.29% 17.12% Hybrid
(Aggressive)
Moderately High
SBI debt hybrid fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Debt Hybrid Fund - Direct - Growth -1.15% 7.36% 10.17% Hybrid
(Conservative)
Moderate
SBI Short term debt hybrid
Fund Name 1Y 3Y 5Y Category Risk
SBI Short Term Debt Fund - Direct - Growth 5.07% 7.54% 8.54% Debt
(Short Duration)
Moderately Low
SBI Infrastructure Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Infrastructure Fund - Direct - Growth -12.35% 8.73% 15.54% Equity
(Sectoral/Thematic)
High
SBI Healthcare opportunities Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Healthcare Opportunities Fund - Direct - Growth -0.49% -3.95% 12.18% Equity
(Sectoral/Thematic)
High
SBI Magnum COMMA Fund
Fund Name 1Y 3Y 5Y Category Risk
SBI Magnum COMMA Fund - Direct - Growth -11.43% 17.41% 15.72% Equity
(Sectoral/Thematic)
High
SBI Tax Advantage Fund Series I
Fund Name 1Y 3Y 5Y Category Risk
SBI Magnum Tax Gain Scheme - Direct - Growth -6.74% 7.87% 15.48% Equity
(ELSS)
Moderately High

Best SBI SIP Funds – Details

Let us now look at the best SBI SIP funds, with respect to the different categories

Small Cap Mutual Fund

1.SBI Small Cap Fund

This mutual fund was earlier known as SBI Small & Midcap Fund.

SBI Small and Midcap Fund seeks to generate income and long-term capital appreciation by investing in a diversified portfolio of equity and equity-related securities of small and mid-cap companies.

SBI Smallcap Fund lies in average-risk grade and carries an exit load of 1% for redemption within 365 days.

The fund has beaten its benchmark index, S&P BSE Small Cap, continuously.

Reliance Small Cap vs SBI Small Cap Fund: Which is Better?

SBI Small Cap Fund Details

AUM Rs.943 Cr.
NAV Rs.59.25
Min. SIP Rs.500
Expense Ratio 1.47%
Return Since Launch 32.72%

There are small-cap funds that perform even better: 5 Best Small-Cap Funds.

Focused Category

2.SBI Focused Equity Fund

This mutual fund primarily focusses its investments in emerging business themes, primarily based on export and outsourcing and global opportunities.

SBI Emerging Businesses Fund lies in the average risk grade and carries an exit load of 1% for redemption within 365 days.

SBI Focused Equity Fund Details

AUM Rs.2,386 Cr.
NAV Rs.143.47
Min. SIP Rs.500
Expense Ratio 1.47%
Return Since Launch 16.86%

See top mid-cap funds: 10 Best Mid-cap Funds 2018.

Large Cap Mutual Fund

3.SBI Bluechip Fund

SBI Bluechip Mutual Fund invests in stocks of those companies whose market capitalization is at least equal to or more than the least market capitalized stock of BSE 100 index, its benchmark.

SBI Bluechip Fund lies in the low-risk grade and carries an exit load of 1% for redemption within 365 days.

SBI Bluechip vs Reliance Large Cap – which is the better fund?

This fund is one of the most consistent performers almost across all market cycles.

SBI Bluechip Fund Details

AUM Rs.17,869 Cr.
NAV Rs.40.0021
Min. SIP Rs.500
Expense Ratio 1.35%
Return Since Launch 17.41%

See: 10 Best Large-cap Funds to Invest in 2018. 

Multi-Cap Fund

4.SBI Magnum Multicap Fund

SBI Magnum Multi Cap Fund invests in equities and equity related instruments of companies spanning the entire market capitalization spectrum.

SBI Magnum Multi-Cap Fund lies in the below average risk grade and carries an exit load of 1% for redemption within 180 days and 0.5% for redemption between 181 and 365 days.

SBI Magnum Multicap Fund Review

SBI Magnum Multi Cap has distinguished itself as a steady performer.

SBI Magnum MultiCap Fund Details

AUM Rs.4,086 Cr.
NAV Rs.49.505
Min. SIP Rs.500
Expense Ratio 1.35%
Return Since Launch 19.49%

5.SBI Large and Midcap Fund

This open-ended scheme seeks capital appreciation through investments primarily in equity.

SBI Magnum Multiplier Fund lies in the below average risk grade and carries an exit load of 1% for redemption within 365 days.

The fund has easily outperformed both, its peers and benchmark over the past decade.

SBI Large and MidCap Fund Details

AUM Rs.2,233 Cr.
NAV Rs.218.325
Min. SIP Rs.500
Expense Ratio 1.47%
Return Since Launch 18.06%

More: 3 Best Multi-cap Funds. 

Balanced Fund

6.SBI Equity Hybrid Fund

This SBI Balanced Fund was earlier known as SBI Magnum Balanced Fund. It seeks capital appreciation from a balanced portfolio of equity and debt securities.

SBI Equity Hybrid Fund lies in the below average risk grade and carries an exit load of 1% (for units in excess of 10% of the investment) for redemption within 365 days.

The fund’s performance in the past 3Y and 5Y periods has been encouraging in comparison to its benchmark index, Crisil Balanced Fund Aggressive.

SBI Equity Hybrid Fund Details

AUM Rs.19,245 Cr.
NAV Rs.132.882
Min. SIP Rs.500
Expense Ratio 1.47%
Return Since Launch 16.39%

More: 4 Best Balanced Fund for 2018

Debt Fund

7.SBI Debt Hybrid Fund

This mutual fund was earlier known as SBI Magnum Monthly Income Plan.

It seeks regular income along with liquidity from an actively managed portfolio of debt, equity, and money market instruments.

SBI Debt Hybrid Fund lies in the average risk grade and carries an exit load of 1% for redemption within 365 days.

SBI Debt Hybrid Fund Details

AUM Rs.1,638 Cr.
NAV Rs.39.698
Min. SIP Rs.500
Expense Ratio 1.18%
Return Since Launch 8.06%

8.SBI Short Term Debt Fund

The scheme aims to generate regular income with high degree of liquidity by investing in a portfolio comprising of money market instruments and debt securities.

SBI Short Term Debt Fund lies in the average risk grade and carries an exit load of 1% for redemption within 365 days.

SBI Short Term  Debt Fund Details

AUM Rs.8,410 Cr.
NAV Rs.20.46
Min. SIP Rs.500
Expense Ratio 0.35%
Return Since Launch 8.44%

Also check out: 10 Best Debt Funds to Invest in 2018.

Sector Fund

9.SBI Infrastructure Fund

SBI Infrastructure Fund’s investment criteria is to invest in equity stocks of those companies which are either directly or indirectly engaged in infrastructure growth in the Indian economy and aims at long-term growth in capital.

SBI Infrastructure Fund lies in the average risk grade and carries an exit load of 1% for redemption within 365 days.

SBI Infrastructure Fund Details

AUM Rs.677 Cr.
NAV Rs.16.14
Min. SIP Rs.500
Expense Ratio 1.47%
Return Since Launch 12.24%

10.SBI Healthcare Opportunities Fund

This mutual fund was earlier known as SBI Pharma Fund.

SBI Healthcare Opportunities Fund seeks maximum growth opportunities through investments in Pharma stocks.

SBI Pharma Fund lies in the high-risk grade and carries an exit load of 0.5% for redemption within 15 days.

SBI Healthcare Opportunities Fund Details

AUM Rs.1,133 Cr.
NAV Rs.120.25
Min. SIP Rs.500
Expense Ratio 1.35%
Return Since Launch 13.69%

11.SBI Magnum COMMA Fund

The scheme aims to invest in stocks of companies engaged in the commodity in the commodity business within oil and gas, materials, metals, and agriculture.

SBI Magnum COMMA Fund lies in the high-risk grade and carries an exit load of 0.5% for redemption within 15 days.

SBI Magnum COMMA Fund Details:

AUM Rs.373 Cr.
NAV Rs.38.94
Min. SIP Rs.500
Expense Ratio 1.47%
Return Since Launch 11.44%

ELSS

12.SBI Tax Advantage Fund Series I

The investment objective of this scheme is to generate capital appreciation over a period of 10 years by investing in equities of companies across large, mid and small market capitalization along with income tax benefit.

SBI Tax Advantage Fund Series I lies in the moderately high-risk grade and carries an exit load of 0.5% for redemption within 15 days.

SBI Tax Advantage Fund Details

AUM Rs.431 Cr.
NAV Rs.29.381
Min. SIP
Expense Ratio 2.87%

More: 10 Top ELSS Funds for 2018.

You can also check out: SBI Mutual Fund: Details of a Stellar AMC (and Best Mutual Funds)

Happy investing!

Disclaimer: the views expressed here are of the author and do not reflect those of Groww.