Among 45 odd mutual fund house in India, SBI AMC is one of the most reputed and oldest names in India mutual fund industry. It is also one of largest investment management firms, managing investment portfolios of more than 5.4 million investors.

With 30 years of rich experience in fund management, SBI Funds Management Pvt. Ltd. brings forward their expertise by consistently delivering value to their investors in form of different mutual fund schemes.

Let us read more about the SBI AMC in detail.

SBI Mutual Fund Key Information

Mutual Fund SBI Mutual Fund
Setup Date 29th June 1987
Incorporation Date 07th February 1992
Sponsor State Bank of India
Trustee SBI Mutual Fund Trustee Company Private Limited
CIO Mr. Navneet Munot
CEO / MD Mrs. Anuradha Rao
Assets Managed Rs. 2,17,649.24 (31st March 2018)

SBI Mutual Fund: Company History

SBI Mutual Fund is a bank-sponsored fund company with its corporate headquarters in Mumbai, India. It is a joint venture between the State Bank of India (SBI), an Indian multinational public sector banking and financial services company and Amundi, a European asset management company.

SBI Mutual Fund offers mutual fund schemes such as Debt Schemes, Equity Schemes, Hybrid Schemes, Exchange-traded fund, Liquid Schemes and Fixed Maturity Plans. It also offers Portfolio Management and Advisory Services to financial institutions and asset management companies.

About State Bank of India (SBI)

SBI is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

On April 1, 2017, the State Bank of India, which was India’s largest bank, merged with five of its associate banks (State Bank of Bikaner & Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore), and with the Bharatiya Mahila Bank.

With the merger, SBI became one of the 50 largest banks in the world (balance sheet size of ₹33 trillion, 278,000 employees, 420 million customers, and more than 24,000 branches and 59,000 ATMs). The State Bank of India has 20% market share in deposits and loans among Indian commercial banks.

It has 198 offices in 37 countries with 301 correspondents in 72 countries. The company is ranked 232nd on the Fortune Global 500 list of the world’s biggest corporations as of 2016.

About Amundi

Amundi is a subsidiary jointly created by Crédit Agricole and Société Générale to regroup their asset management operations. It was created in January 2010 and the company is listed on Euronext Paris since November 2015, which was, at the time, the largest initial public offering on the Paris stock exchange for 10 years.

In December 2016, the company announced that it was buying Pioneer Investments from the Italian bank UniCredit, bringing the total of assets under management at €1.276 trillion, and making Amundi the world’s eighth largest asset manager. It has offices in 37 countries and local investment teams in Boston, Dublin, London, Milan, Paris and Tokyo

SBI Mutual Fund: Company Objective

The investment objective for all SBI mutual funds is setting benchmarks time and again for their investors. SBI Mutual Fund House endeavor to outperform their benchmarks through well-researched investments in Indian equities.

This is achieved by implementing an active management style based on fundamental analysis, leading to the construction of a portfolio. It could be blended, large cap, mid cap, or specific sector oriented, which aims at capturing the growth potential of Indian equities.

SBI Mutual Fund: Key People

CEO and MD: Mrs. Anuradha Rao

Mrs. Anuradha Rao is an Officer in the rank of Deputy Managing Director of SBI and is on deputation to SBI Funds Management Private Limited as Managing Director & CEO.

Mrs. Rao started her career with SBI in 1982 as Probationary Officer. Over relationship of 33 years with SBI, she has traversed through various functions and assignments.

Before being promoted as Deputy Managing Director at SBI, her last assignment was Chief General Manager, Personal Banking in SBI, Mumbai (May 2014 – August 2016), where she was responsible for handling the retail portfolio of Rs. 9 Lakhs crores liabilities and Rs. 1.25 Lakhs crores assets.

CIO: Mr. Navneet Munot

Mr. Navneet Munot joined SBI Funds Management as Chief Investment Officer in December 2008. He has over 24 years of rich experience in Financial Markets. In his role, Mr. Navneet is responsible for overseeing investments worth over USD 40 billion across various asset classes in mutual fund and segregated accounts.

In his previous assignment, he was the Executive Director & Head – multi-strategy boutique with Morgan Stanley Investment Management.

Prior to joining Morgan Stanley Investment Management, he has worked as Chief Investment Officer – Fixed Income and Hybrid Funds at Birla Sun Life Mutual Fund and worked in various areas such as fixed income, equities, and foreign exchange.

Mr. Navneet is on the board of Indian Association of Investment Professional (India society of CFA charter holders with over 2000 members). His articles on matters related to financial markets have widely been published.

He is a postgraduate in Accountancy and Business Statistics and a qualified Chartered Accountant. He is also a Charter Holder of the CFA Institute and CAIA Institute. He has also done FRM.

SBI Mutual Fund: Salient Features

Some of the salient features of SBI mutual fund are:

  1. AUM: As of July 2017, Assets Under Management (AUM) of SBI Mutual Fund are valued at ₹ 1,82,916 crore.
  2. Investment Philosophy: The investment philosophy of SBI mutual fund is Growth Through Innovation. The expert team of experienced and market savvy researchers prepare comprehensive analytical and informative reports on diverse sectors and identify stocks that promise high performance in the future.
  3. Optimal Risk Management: Risk Management is an inherent part of any business. SBI Mutual Fund’s Management follows enterprise-wide approach to risk management with a dedicated, experienced and professional risk management team covering significant functions of the organization.
  4. Vision: To be the most preferred and the largest fund house for all asset classes, with a consistent track record of excellent returns and best standards in customer service, product innovation, technology and HR practices.
  5. SBI Mutual Fund schemes: All schemes are to establish Mutual Funds as a viable investment option to the masses in the country. Working towards it, they developed innovative, need-specific products and educated the investors about the added benefits of investing in capital markets via Mutual Funds.

Best SBI Mutual Funds

SBI Mutual Fund has the trust of Indian investors like no other mutual fund company. This is because the SBI brand commands a good image in India. But that is not it. SBI Mutual Funds have been performing very well over the years.

Here are top 10 funds of SBI Mutual Fund:

1. SBI Bluechip Fund

This is a Large Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 17.88% since its launch.

Returns per annum over the years from this fund are :

Duration Returns
1 year  14.37%
3 years  13.54%
5 years  18.95%

Key information about SBI Bluechip Fund:

Launch Date 01 January 2013
Fund Category Equity – Large Cap
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹17,869 Cr
Riskometer Moderately high
Minimum SIP ₹500
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE Small Cap TRI BSE S&P 100 since its launch.
Age of the fund 5 years old
Expense Ratio 1.35%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

Despite its name, the fund tilts towards a multi-cap approach in its allocations. It invests in the top 100 companies in terms of market capitalization, with the flexibility to invest up to 20% in mid-cap stocks. This fund is one of the most popular large-cap funds available in the market currently.

2. SBI Infrastructure Fund 

This is a Sector Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with high risk and has given a return of 12.81% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  13.05%
3 years  13.35%
5 years  16.20%

Key information about SBI Infrastructure Fund are:

Launch Date 01 January 2013
Fund Category Equity – Sector
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹677 Cr
Riskometer High
Minimum SIP ₹500
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark NIFTY Infrastructure TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.47%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

As this is a sector fund with its main focus in the infrastructure industry, the objective of the fund would be 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.

3. SBI Magnum Multi Cap Fund

This is a  Multi-Cap Equity Oriented Mutual Fund launched on January 4, 2013. It is a fund with moderately high risk and has given a return of 19.80% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  16.06%
3 years  16.26%
5 years  21.83%

Key information about this fund are:

Launch Date 01 January 2013
Fund Category Equity – Multi Cap
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹4086 Cr
Riskometer Moderately high
Minimum SIP ₹500
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE 500 TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.35%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

Being a multi-cap fund, the objective of this scheme would invest in equities and equity related instruments of companies spanning the entire market capitalization spectrum. The fund will invest 50-90% in large-cap stocks, 10-40% in mid-cap stocks and up to 10% in small-cap stocks.

Read more: SBI Magnum Multicap Fund Review (And 3 Other Options to Invest in 2018

A few years ago, this was the less known among SBI schemes. But a steady improvement in performance has now made this fund one of the best performing in the multi-cap category.

4. SBI Emerging Businesses Fund

This is a Mid Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with high risk and has given a return of 17.05% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  26.17%
3 years  17.24.%
5 years  20.17%

Key information of SBI Emerging Businesses Fund:

Launch Date 01 January 2013
Fund Category Equity – Multi Cap
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹2386 Cr
Riskometer Moderately high
Minimum SIP ₹500
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE 500 TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.47%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

This is one of the best performing among mid-cap mutual fund category. The objective of the fund is to invest in emerging business themes, primarily based on the export or outsourcing opportunities and global opportunities of such themes. It will also focus on emerging domestic investment themes.

5. SBI Small & Midcap Fund

This is a Small Cap Equity Oriented Mutual Fund launched on January 2, 2013. It is a fund with high risk and has given a return of 34.21% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  37.95%
3 years  27.68%
5 years  38.15%

 Key information of this fund are SBI Small & Midcap Fund:

Launch Date 02 January 2013
Fund Category Equity – Small Cap
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹943 Cr
Riskometer High
Minimum SIP NA
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE Small Cap TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.25%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

Being a small cap fund, the objective of this scheme is to generate income and long-term capital appreciation by investing in a diversified portfolio of predominantly equity and equity-related securities small & mid-cap companies.

The fund has considerable flexibility to pick across the small and mid cap segments of the market to unearth its bottom-up picks. As per its mandate, the fund needs to maintain a minimum of 50% allocation in the small-cap segment and a minimum of 30% in the mid-cap segment, with maximum allocations capped at 70% and 40%, respectively.

Recently this fund is a lot in news, as this fund re-open fresh investments via SIP.

Read more : SBI Small and Midcap Fund to Allow SIP Again: Reopening Under New Name SBI Smallcap Fund

6. SBI Magnum Balanced Fund

This is a Hybrid Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderate risk and has given a return of 17.19% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  15.61%
3 years  11.88%
5 years  18.39%

Key information of SBI Magnum Balanced Fund:

Launch Date 01 January 2013
Fund Category Hybrid – Equity Oriented
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹17,955 Cr
Riskometer Moderate
Minimum SIP ₹500
Minimum SWP Not Supported
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Hybrid 35+65 Aggressive since its launch.
Age of the fund 5 years old
Expense Ratio 1.47%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

This fund maintains a steady state equity debt mix in its portfolio. The equity part is multi-cap, with a higher exposure to mid-cap segment as compared to the hybrid fund offered by other fund houses. The portfolio over time has featured a 68-70% equity portion, with the rest in debt. Large caps make up about 50-55% the equity portion.

In the debt portion, the fund invests both in G-secs and corporate bonds for higher accrual income. The fund invests in a mix of both defensive and cyclical.

7. SBI Magnum COMMA Fund

This is a Sector Equity Oriented Mutual Fund launched on January 4, 2013. It is a fund with high risk and has given a return of 12.51% since its launch.

Returns per annum over the years from this fund are :

Duration Returns
1 year  13.75%
3 years  17.86%
5 years  16.59%

Key information of SBI Magnum COMMA Fund:

Launch Date 04 January 2013
Fund Category Equity – Sector
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹373 Cr
Riskometer High
Minimum SIP ₹500
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark NIFTY Commodities TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.47%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

As this is a sector fund with its main focus in oil & gas, metals, materials & agriculture industry. The objective of the fund is to invest in stocks of companies engaged in the commodity business within the following sectors: oil & gas, metals, materials & agriculture.

The fund can also invest marginally in fixed or floating rate instruments and money market instruments

8. SBI Magnum Multiplier Fund – Direct – Growt

This is a  Multi-Cap Equity Oriented Mutual Fund launched on January 1, 2013. It is a fund with moderately high risk and has given a return of 18.46% since its launch.

Returns per annum over the years from this fund are :

Duration Returns
1 year  15.05%
3 years  13.42%
5 years  20.47%

Key information of this fund are :

Launch Date 01 January 2013
Fund Category Equity – Multi Cap
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹2233 Cr
Riskometer Moderately high
Minimum SIP ₹500
Minimum SWP ₹1000
Performance w.r.t its Benchmark Has consistently outperformed its benchmark S&P BSE 200 TRI since its launch.
Age of the fund 5 years old
Expense Ratio 1.47%
Exit Load If redeemed between 0 Year to 1 Year; Exit Load is 1%;
Type  Open-ended

A few years ago, this was the less known among SBI schemes. But a steady improvement in performance has now made this fund one of the hardest to ignore in the multi cap category.

Being a multi cap fund, the objective of this scheme would invest in equities and equity related instruments of companies spanning the entire market capitalization spectrum.

9. SBI Short Term Debt Fund

This is a short term debt fund launched on January 1, 2013. It is a debt fund with low risk and has given a return of 8.63% since its launch.

Returns per annum over the years from this fund are:

Duration Returns
1 year  6%
3 years  8.12%
5 years  8.31%

Key information of this fund are :

Launch Date 01 January 2013
Fund Category Debt – Short Term
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹8410 Cr
Riskometer Low
Minimum SIP ₹500
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark Crisil Short-Term Bond since its launch.
Age of the fund 5 years old
Expense Ratio 0.35%
Exit Load NIL
Type  Open-ended

The objective of this fund is to provide investors with an opportunity to generate regular income through investments in a portfolio comprising of debt instruments which are rated not below investment grade by credit rating agency and money market instruments.

10. SBI Regular Savings Fund – Direct – Growth

This is a income type debt oriented fund launched on January 28, 2013. It is a debt fund with low risk and has given a return of 10.05% since its launch.

Returns per annum over the years from this fund are :

Duration Returns
1 year  6.91%
3 years  9.88%
5 years  10.12%

Key information of this fund are :

Launch Date 28 January 2013
Fund Category Debt – Income
Plan Type Direct
Rating by Groww 4 Star
AUM (Fund Size) ₹1563 Cr
Riskometer Low
Minimum SIP ₹500
Minimum SWP ₹500
Performance w.r.t its Benchmark Has consistently outperformed its benchmark CRISIL Hybrid 85+15 Conservative since its launch.
Age of the fund 5 years old
Expense Ratio 0.57%
Exit Load If redeemed bet. 0 Month to 12 Month; Exit Load is 1.5%;
Type  Open-ended

The investment objective of the scheme will be to provide attractive returns to the Magnum holders / Unit holders either through periodic dividends or through capital appreciation through an actively managed portfolio of debt, equity and money market instruments.

Income may be generated through the receipt of coupon payments, the amortization of the discount on the debt instruments, receipt of dividends or purchase and sale of securities in the underlying portfolio.

Read More: 10 Secrets Only Successful Mutual Fund Investors Know

To look at some of the best performing funds from every category of mutual funds, check out Groww 30 best mutual funds to invest in 2018.

Happy Investing!

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